Straddle trading EA

thanks Alan,

I will watch his recommendations first and trade conservative too risking 5% at my demo
so this should show how this will work out.
Perhaps setting up EA with the other settings for volatile news for testing and comparing
but I think as he is doin this for living it should work out good enough for an real account
later on...

Brilliant
UK Retail Sales made 3.4 pips
10k demo account
5% Risk
made $142
AWESOME EA

i attached this a while ago and set the news at 4:30(pctime) but it just put a BUY & SELL pending order and deleted it. how do you use this?

You have to set it to your broker time. If you use 1.2.2 it should tell you how long to go. My guess is you were trying to catch uk gdp and set it to the wriong time, because there was quite a reaction (50 pips approx) and your pending orders would have been hit.

Alan

you mean i should base the News time in Brokers time?

so if the News Impact is at 430am and brokers time is 7:00 am .. then i should set The EA time at 8:30am for the news ???

correct me if im wrong pls.

thank you

hi tankbeta,
what I do is using myfxbook calendar for this. Calendar shows the events and
how long to go for it so it is easy to look after broker time + time to go = setup time for ea

Thanks dirk for the help.
why do you always have to set it up manually? can we not make it automatic set up of news time?

Dear Allan,

I have been following your thread for your great EA. I am glad to read from the very beginning. I would be glad to try it soon on both Demo and going a live, so, will you be so kind enough to share me the proper setting time, i use two different brokers may be you know them as well. MasterForex & InstaForex. I will always love to read till the end! it's really great job.

i appreciate your time, and look forward to your response.


with a very kind regards
DenOzi

Hi Allan
I'd like to show you that different brokers give completely different fill of price orders,especially on Interest rate AUS on 2-Feb. 2013 at 3.30 GMT.
At ECN HxxFX,Real account, my Sell Stop and TP were hit, P/L = + 60.00 (nice profit). Here is the setting: AmazingEA-1.2.2 AUDUSD,M1 inputs: PointsAway=50; TP=200; SL=100; NYear=2013; NMonth=2; NDay=5; NHour=5; NMin=30; CTCBN=0; SecBPO=30; SecBMO=2; OCO=true; BEPoints=50; BEOffset=10; TrailingStop=0; MM=false; RiskPercent=1; Lots=0.3; TradeLog="AmazingEA";


At ECN THxxxFX,Real account, my Buy Stop was hit, TP was not hit but closed in profit because BEP+BEO worked well. Here is the setting: AmazingEA-1.2.2 AUDUSDpro,M1 inputs: PointsAway=50; TP=200; SL=100; NYear=2013; NMonth=2; NDay=5; NHour=3; NMin=30; CTCBN=0; SecBPO=30; SecBMO=2; STWAN=5; OCO=true; BEPoints=50; BEOffset=10; TrailingStop=0; MM=false; RiskPercent=1; Lots=0.1; TradeLog="AmazingEA";P/L = + 1.00 USD

At Dealing Desk FXxx,Real account, my Buy Stop was hit, TP was not hit but closed in profit because BEP+BEO worked well. Here is the setting:AmazingEA-1.2.2 AUDUSD,M1 inputs: PointsAway=50; TP=200; SL=100; NYear=2013; NMonth=2; NDay=5; NHour=3; NMin=30; CTCBN=0; SecBPO=30; SecBMO=2;OCO=true; BEPoints=50; BEOffset=10; TrailingStop=0; MM=false; RiskPercent=1; Lots=0.3; TradeLog="AmazingEA";P/L = + 3.3 USD.

At Dealing Desk IxxxxFX,Real account, my Buy Stop was hit, TP was not hit and loss - 1.00 USD because BEP was not triggered (price didn't move ≥ 5 pip). Here is the setting: AmazingEA-1.2.2 AUDUSD,M1 inputs: PointsAway=5; TP=20; SL=10; NYear=2013; NMonth=2; NDay=5; NHour=5; NMin=30; CTCBN=0; SecBPO=30; SecBMO=2;OCO=true; BEPoints=5; BEOffset=1; TrailingStop=0; MM=false; RiskPercent=1; Lots=0.1; TradeLog="AmazingEA";





Regards
Ubeta A.

Hi Friend.
I tried to use 2 or 3 pairs at the same time of Australia Rate 5/2/2013
It open order only one pair.
I try to set in demo, it works sometimes to have more than one pairs and sometimes none.
What happen with my Trial?
Thank you..

Hi Friend.
I tried to use 2 or 3 pairs at the same time of Australia Rate 5/2/2013
It open order only one pair.
I try to set in demo, it works sometimes to have more than one pairs and sometimes none.
What happen with my Trial?
Thank you..

Hi Saichon.
Please look at Account History,the other pairs could be cancelled by EA (STWAN determined when to cancel untriggered order),or by broker (some brokers hate good EA like Amazing EA). On my demo account,on 5-Feb 2013 my order AUDUSD pair was cancelled by broker (although the STWAN was not hit yet), while on my 4 real accounts (as seen above) my EA orders were filled at different price.

drBBMM
Thank you for your reply.
I am disappointed with Broker and slippage by using this EA
IxxxxFx made slipage for NSDUSD, NSDCAD very largely 40-45 pip for both pairs..
Good EA but be careful of spike that is unpredictable...

Totally new to this, anyone kind enough to talk me through how to unzip and put the ea on MT4?

Hi Guys I just found your thread on trading with the straddle ea.

I was wondering does the Amazing EA allow for taking profit at multiple price levels?

Is it possible for the EA to be programmed to do that and if so, Alan not sure if you could add that feature. It would be fantastic if you could do that.

Thanks.

Hey Prento10

I'm sorry mate but right now there is more urgent upgrades required. I have considered this possibility and I would be able to do it in the next but one release. I'll queue it up. See below for some other news!

Alan

All

I am about to release AmazingEA 1.2.3.

The most important changes are to the Stop Loss, Break Even and Trailing Stop code and the CTCBN code. I am still testing it so hold on until it's ready. One reason I am writing this now is not only so that you all get super excited, but you actually read about the changes instead of just downloading it. Some of the changes will require you to think more carefully about how you use it.

Changes:-
CTCBN - Candles To Check Before News. Even when set to 0, what this used to do is set the Straddle either side of the most recent 1 minute (M1) candle. So, if the candle had a range of 40 points, and Pointsaway was 50, then the Buy and Sell Orders would be 140 points apart (2x50+40), plus the spread of course. This also explains why the display of High, Low and Stop Loss and Pointsaway on the charts never added up. Well, I have now changed this, so setting CTCBN to 0 completely disables the candle check and sets the Straddle Orders to be exactly Pointsaway plus the spread. If you use CTCBN=1 then it will use the last M1 candle, if you set CTCBN=2, it will use the Highs and Lows from the last 2 M1 candles. Ask questions if this doesn't make sense.

There used to be the situation that if you got a bad fill (who hasn't?) then your order might be subject to 20 pips slippage. The problem was that your Stop would just stay where your original pending order had been minus the Stop Loss distance, so your stop may now be 25 pips away, unless the Break Even code had kicked in. So now your Stop Loss is 20 pips further away, so if you get a Bad Fill followed by a retracement or whipsaw, your account can get severely damaged.

Stop Loss is now immediately updated after your order is filled, to set it to the desired distance from your fill price. The Stop Loss update happens really fast. Actually about the same time the opposite order is deleted if using OCO.

I have also made sure that Stop Loss, Break Even and Trailing Stop won't interfere with each other.

Finally, I have a question for users regarding OCO. At the moment, if using OCO, the opposite straddle order is cancelled when one order goes live. But this only happens after news time and before STWAN has expired. Would it be better if the opposite order is cancelled without waiting for news time? In other words, if one order is filled, the other cancels automatically. Let me know your thoughts.

In fact, I can see situations where you wouldn't want to use OCO at all, like on employment releases, but that is another post!

Alan111S

Just new user of AmazingEA. I have used this week this EA several times to learn how it operates. I was already impressed. Some winners, no losses.
I'm not 100% sure if one trade opens, other can close, also before news, needs some more practise with the EA. And I need to watch it when it's acting!

Anyhow, it looks already nice. Winners till now could be luck, but it fits perfect to the way I scoped my strategy.

All

Here it is - AmazingEA 1.2.3. Please see this post which describes the changes:-

http://www.forexfactory.com/showthre...14#post6463414

As always, let me know how you get on .....

By the way, I removed the PDF Book which is why it's smaller.

Regards

Alan

Thanks Alan

Hello Alan...

will there be a MT5 version of your AmazingEA in the near future?

thanks