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Straddle trading EA

  • #341
  • Dec 13, 2012 5:05pm Dec 13, 2012 5:05pm
Quoting Pan1782
Hi i have been working with a few eas similar o the amazing ea which i have also used and think is great. I have had devoloped an ea which does all what the amazing ea does but the main difference is that my ea does not adjust the pending orders as they move, you can set in secs how long before order adjustments.

This is helpfull when you want to straddle a ranging market, also seesion breakouts.

What would be even better in my mind is to include this feature into the amazing ea. So you can set a delay in order adjustments. Delays from 1...
Hi Pan1782

I think I can understand what you want to use it for. I wouldn't change AmazingEA, but if you can explain a bit better the steps involved by giving an example I think that Amazing EA can do what you want already. This is why:-

If you set SecBPO to 3600, it will open pending orders an hour before the 'news' time specified. If you set SecBMO to 3600 as well, it won't modify them at all. If you disable OCO, and a trade fires, then once it is closed the EA will open another trade at the Pointsaway level. If you enable OCO, when one trade fires, the opposite trade is cancelled. Once that trade closes, then a new pair of orders is opened at the Pointsaway level. If you want all this to go on longer than an hour then choose a later time and set the SecBPO and SecBMO to a higher value.

If I've misinterpreted what's required, then please explain step by step.
  • #342
  • Dec 13, 2012 5:43pm Dec 13, 2012 5:43pm
Quoting wakeel86
i actually suggested these options to the developer, and i don't know if anyone else here would like to see them incorporated

- when one of the pending orders gets opened, and if by X number of seconds after input news time, the open position has not broken even (i.e. SL has not been moved to BE+BEOffset), then it should be closed automatically be it in small profit or loss. in this case someone like me who just needs two M1 candles may set it to "120 seconds" after input news time. (just in case there was no enough spike within the...
Hi wakeel

Although I posted this to you privately, I wanted to explain my thoughts on this. I don't agree there should be an option to close trades if they haven't hit BE within a certain time frame. I have analysed my past trades with AmazingEA and I can honestly say that 80% of them are stopped out in less than 10 seconds! There is always a risk/reward with any trading and I don't think the timer would help. Also, given that most people trade 'news' using multiple lots, they are going to be watching the price action like a hawk. If they want to close manually then fine.

Although I don't do this myself, I am tempted to set OCO to false as there have been a few times that I have been stopped out, and the market has shot the other way entirely. RBA last week was a perfect example of this as was last June.

Alan

Alan
  • #343
  • Dec 14, 2012 1:39am Dec 14, 2012 1:39am
Alan,

There are compilation errors, missing parentheses etc.
While you are at it, could you also update the text file doc ?

Happy Holidays !

Athar.

Quoting Alan111S
I am uploading another release for AmazingEA, which is 1.2.2

The only change is to work out the Lot Size from Risk Percentage using 2 decimal places instead of 1, which will allow the trading of micro-lots. Please tell me if there is ever a situation where this doesn't work out for very small trade sizes. If you never use Risk, or small lots don't apply to you, then you can carry on using the previous version 1.2.1.
  • #344
  • Dec 14, 2012 5:00am Dec 14, 2012 5:00am
Sorry messed up, will fix tomorrow.
  • #345
  • Dec 14, 2012 6:04am Dec 14, 2012 6:04am
when OCO is being set to false, and one of the pending orders has been opened, when is the 2nd pending order being programmed to be deleted? is it when the 1st opened position finally closes out or it waits till the STWAN parameter has been reached?
  • #346
  • Dec 14, 2012 2:55pm Dec 14, 2012 2:55pm
Quoting Alan111S
Sorry messed up, will fix tomorrow.
All

Found an extra bracket in the code, removed and compiled now. I've also added the note about Risk Percentage to the documentation.

Alan
Attached File(s)
File Type: zip Amazing EA 1-2-2.zip   461 KB | 1,026 downloads
  • #347
  • Dec 14, 2012 3:00pm Dec 14, 2012 3:00pm
Quoting wakeel86
when OCO is being set to false, and one of the pending orders has been opened, when is the 2nd pending order being programmed to be deleted? is it when the 1st opened position finally closes out or it waits till the STWAN parameter has been reached?
Hi wakeel, the second pending order will be deleted when STWAN has expired, so OCO only speeds up the delete of the other Pending Order by the time specified in STWAN. Because I don't use it much myself, (OCO=false) I'd forgotten that was the case.

Alan
  • #348
  • Dec 15, 2012 4:58am Dec 15, 2012 4:58am
Thanks ! Will use it on my VPS based MT4...

Athar.

Quoting Alan111S
All

Found an extra bracket in the code, removed and compiled now. I've also added the note about Risk Percentage to the documentation.

Alan
  • #349
  • Jan 9, 2013 4:47pm Jan 9, 2013 4:47pm
thanks Alan111S for all you work.
  • #350
  • Jan 10, 2013 8:12am Jan 10, 2013 8:12am
Alan111S,
assuming we wanna trade 2 or more news releases on different pairs at the same news time, isnt there the possibility of trade interferences...and even with other eas trading at the same time? therefore, can we have magic nos coded into it? thanks
  • #351
  • Jan 12, 2013 9:55am Jan 12, 2013 9:55am
hi Alan,

can you make an option for the amazing ea to straddle just buy stop only or sell stop only instead of both....for example, say i wanna have a buy stop only on EURCAD and sell stop only on NZDCAD for the same CAD news release

cheers
  • #352
  • Jan 12, 2013 1:46pm Jan 12, 2013 1:46pm
Quoting wakeel86
hi Alan,

can you make an option for the amazing ea to straddle just buy stop only or sell stop only instead of both....for example, say i wanna have a buy stop only on EURCAD and sell stop only on NZDCAD for the same CAD news release

cheers
just wondering wakeel, if you go to ea properties and "common"tab and set common parameter to "only long" or "only short" , i think it should do the same thing u ask
  • #353
  • Jan 15, 2013 6:58am Jan 15, 2013 6:58am
Hi guys,
Dirk here from Berlin, Germany.... new to this thread and ea....

I downloaded latest version yesterday and must say thank you to Alan, EA is workin pretty good.
I did trade UK CPI today and left ea alone to do his work, when I came back he made 6.3 pips
Great Job so looking forward for more news events and behaviour of ea.
Did already got some settings like the for NFP and my used ones for my first trade today are:
PointsAway=30
TP=300
SL=100
NYear=2013 (depending on the year)
NMonth=1 (depending on the month)
NDay=9 (depending on the day)
NHour=0 (depending on the hour [broker based])
NMin=30 (depending on the minute)
CTCBN=0
SecBPO=15
SecBMO=2
STWAN=60
OCO=0
BEPoints=40
BEOffset=10
TrailingStop=70
MM=1
RiskPercent= (up to you)
Lots=0.01000000
TradeLog=AmazingEA

perhaps we can build something like an sheet for the different events, used pairs and settings, would be helpful
perhaps someone already did it?
thanks a lot
Dirk
  • #354
  • Edited 10:05pm Jan 16, 2013 6:07am | Edited 10:05pm
Tonight AUD Employment Change
I will use above settings for this and let ea do all work, let see what this
event will bring...

ok, event was traded now, made again 6.3 pips as before.
Can anybody tell me why these 6.3pips comin in again?
http://www.schaefer-fx.com/images/AUD.jpg
http://schaefer-fx.com/images/AUD.jpg
  • #355
  • Jan 16, 2013 2:30pm Jan 16, 2013 2:30pm
Quoting Dirk58
Hi guys,
Dirk here from Berlin, Germany.... new to this thread and ea....

I downloaded latest version yesterday and must say thank you to Alan, EA is workin pretty good.
I did trade UK CPI today and left ea alone to do his work, when I came back he made 6.3 pips
Great Job so looking forward for more news events and behaviour of ea.
Did already got some settings like the for NFP and my used ones for my first trade today are:
PointsAway=30
TP=300
SL=100
NYear=2013 (depending on the year)
NMonth=1 (depending on the month)
NDay=9 (depending...
Hi Dirk

Your settings look good, except on volatile news events Pointsaway=30 may be too low. I use 50 minimum, but sometimes as high as 150 if I don't want to enter on whipsaws. Also you have OCO=0. I normally use 1. Combined with STWAN=60, you could go live both ways. So, set OCO=1 and shorten STWAN to about 5-15.

Check Barry's blog on www.forextradersdaily.com blog. Also, use the calendar tab on www.fasteconomicnews.com to show previous news and graphs down to 1 second ticks. That is an amazing resource.

Good Luck!

Alan
  • #356
  • Jan 16, 2013 10:04pm Jan 16, 2013 10:04pm
hi Alan,
thanks for your reply.....
this ea looks pretty impressive for news trading, 2 trades 2 winners
Thank you for your help and because I´m new to this I did not know which news are more or less volatile
so as I wrote before perhaps an sheet with settings and used pairs or an .zip for this if anybody already
done this would do. Anyway, I think to compare settings and results could be a great help too...

and Alan, thanks a lot for your great ea, awesome mate
  • #357
  • Edited 10:33pm Jan 16, 2013 10:13pm | Edited 10:33pm
Quoting Alan111S
Hi Dirk

Also you have OCO=0. I normally use 1. Combined with STWAN=60, you could go live both ways. So, set OCO=1 and shorten STWAN to about 5-15.

Good Luck!

Alan
Hi Alan,
I just went into settings, OCO has true or false, so for 1 should I change to false? because had used true

and tomorrow are UK news for trading.... should I use my default settings or are these news volatile ones too?
thanks for your help
  • #358
  • Jan 16, 2013 10:17pm Jan 16, 2013 10:17pm
Quoting Dirk58
Hi Alan,
I just went into settings, OCO has true or false, so for 1 should I change to false? because had used true
Sorry Dirk in programming 1 is True and 0 is False, so I was suggesting to use True.

Another good source is the Forexfactory Calendar - only use the High Impact Events on the major currencies. Hope that helps

Alan
  • #359
  • Jan 17, 2013 7:39am Jan 17, 2013 7:39am
mh, ok, I will check this again but setting was true...
yep, I use the forextradersdaily for news trading, looks like this guy knows which one to trade....
thanks Alan
  • #360
  • Jan 17, 2013 4:13pm Jan 17, 2013 4:13pm
Quoting Dirk58
mh, ok, I will check this again but setting was true...
yep, I use the forextradersdaily for news trading, looks like this guy knows which one to trade....
thanks Alan
Barry from forextradersdaily does this for a living --- as well as selling his software of course. He practices what he preaches so you can always trust his judgement. Only issue is he is sometimes a little conservative so you have to decide on your own attitude to risk. The FX market has been getting more subdued these last couple of years. Hopefully 2013 will be different and news trading will get more profitable for clients and their brokers.
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