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Straddle trading EA

  • #941
  • Jan 16, 2014 10:40am Jan 16, 2014 10:40am
Quoting daherxdaher
{quote} It does not work (check attachments). * Orders have been sometimes opened not on time (14:00 instead of 14:30) * They habe been deleted immediately after opening {image}{image}{image} Regards
Hidaherxdaher. Amazing EA still works well. I use TF M1 not H1(the time must be synchronized using timesynctool). I increase STWAN to 50 (not 5) to avoid my PO being cancelled too soon (5 sec). But be careful there is another additional risk to increase STWAN.
Today I got profit 20 pip using this AE 4.1.0
Regards
drBBMM
Attached Image (click to enlarge)
Click to Enlarge Name: cpi us.gbpusdprom1.png Size: 47 KB
  • #942
  • Jan 17, 2014 3:19am Jan 17, 2014 3:19am
Quoting drBBMM
{quote} Hidaherxdaher. Amazing EA still works well. I use TF M1 not H1(the time must be synchronized using timesynctool). I increase STWAN to 50 (not 5) to avoid my PO being cancelled too soon (5 sec). But be careful there is another additional risk to increase STWAN. Today I got profit 20 pip using this AE 4.1.0 Regards drBBMM {image}
Thank you very much. I'll try it and tell you the result.
I've noted you use a 5 digits broker, my broker has 4 digits, does that matter?

Regards
  • #943
  • Jan 17, 2014 3:29am Jan 17, 2014 3:29am
Quoting daherxdaher
{quote} Thank you very much. I'll try it and tell you the result. I've noted you use a 5 digits broker, my broker has 4 digits, does that matter? Regards
No it makes no difference.
  • #944
  • Jan 17, 2014 5:52pm Jan 17, 2014 5:52pm

  1. daherxdaher
  2. When back testing the EA, you were using an hourly chart, you need to use a 1 minute chart and also set STWAN to be > 60. You also need to pick a date and time where some significant price movement happened. You also set Pointsaway=80 which means price has to jump 8 pips to trigger any orders, but the other settings meant the orders were only there for a total of 10 seconds. I think the orders loading at 14:00 were due to the fact you were use the hourly chart. Personally I have never back tested it, as the volatility etc. in real life can't be replicated in a back tested environment.

One thing I do recommend though is using an attachment to this thread called spread and sessions indicator which will record your brokers ticks and prices. There are lots of posts about how to use - just search the thread. I'd also be slightly wary of brokers that offer 4 digit pricing......

You will need to change any Price related Parameters. All need to divided by 10.....


PointsAway=80

PointsGap=2000

ModifyGap=10

TP=1000

SL=100

BEPoints=0

BEOffset=0

TrailPoints=0

TrailOffset=0

MaxSpread=60

MaxSlippage=200


  • #945
  • Jan 18, 2014 7:54am Jan 18, 2014 7:54am
Quoting Alan111S
daherxdaher When back testing the EA, you were using an hourly chart, you need to use a 1 minute chart and also set STWAN to be > 60. You also need to pick a date and time where some significant price movement happened. You also set Pointsaway=80 which means price has to jump 8 pips to trigger any orders, but the other settings meant the orders were only there for a total of 10 seconds. I think the orders loading at 14:00 were due to the fact you were use the hourly chart. Personally I have never...
Thx Allan111s. I'm trying your settings and those of drBBMM. I'm going to tell you the results soon. regards
  • #946
  • Jan 22, 2014 9:29am Jan 22, 2014 9:29am
This is the result of CPI AUD/USD using v 4.1.0 on 22-1-2014, at 7:30 WIB ("set and forget "), with nice profit 30 pips. If I had time and monitored the trade, the profit might be 60-70 pips).
Attached Image (click to enlarge)
Click to Enlarge Name: cpi 22-1-2014.audusdprom1.png Size: 20 KB
  • #947
  • Edited Jan 23, 2014 6:31am Jan 22, 2014 8:34pm | Edited Jan 23, 2014 6:31am
Yes, it was a nice one I made some profit too, i had some slippage, about 5 pips i believe, but i made some pips too
Im using v4.0.0 & its installed on VPS, thats why u cant see anything on picture made from my home PC.
UPDATE: Just checked my log file & i had Buy Stop @ 87978, was filled @ 88098 & closed @ 88359 = slippage 12.0 pips & profit +26.1 pips
Attached Image
  • #948
  • Jan 29, 2014 10:02am Jan 29, 2014 10:02am
Quoting PiTERMAN
Yes, it was a nice one I made some profit too, i had some slippage, about 5 pips i believe, but i made some pips too Im using v4.0.0 & its installed on VPS, thats why u cant see anything on picture made from my home PC. UPDATE: Just checked my log file & i had Buy Stop @ 87978, was filled @ 88098 & closed @ 88359 = slippage 12.0 pips & profit +26.1 pips {image}
The result of last GDP UK was not good, because actual = forcast = 0.7 (the deviation should be ≥ 0.3 to cause the market make a big move). However I still managed to get little profit because of this good EA V.4.1.0 (thanks to Alan Prothero!), combined by no slippage given by my broker, otherwise my trade would be whipsawed and end in lost.
Attached Image (click to enlarge)
Click to Enlarge Name: gdp uk, 28-1-2014; 16.30 wib.gbpusdprom1.png Size: 31 KB
  • #949
  • Jan 29, 2014 10:06am Jan 29, 2014 10:06am
Attached Image (click to enlarge)
Click to Enlarge Name: gdp uk 28-1-2014.gbpusdprom1.png Size: 36 KB
  • #950
  • Feb 3, 2014 3:27am Feb 3, 2014 3:27am
Hi, Alan.
Recently stumbled upon your thread and drew attention to your EA.
I wrote a similar EA and I even managed to catch a few pips.
Many thanks for your advisor and some ideas, realized in it.
Allow comments and questions for your Amazing EA:

1. calculating a lot, you do not consider TITSKVALUE and LOTSTEP.
If the base currency is USD then everything is OK, if we trade crosses, the lot will be calcilated on the incorrect amount of risk.
I use about a formula:
LOT =MathFloor((AccountFreeMargin()*Risk)/(SL*MarketInfo(Symbol(),MODE_TICKVALUE))/MarketInfo(Symbol(),MODE_LOTSTEP))*MarketInfo(Symbol(),MODE_LOTSTEP);

2. I do not understand why you introduced local time, IMHO it is not reliable (or broker can move time and it is the defence from it?)

I have more questions, but I'll ask them later

Sorry for my bad english
With best regards from Russia,
Andrey
  • #951
  • Feb 4, 2014 8:50pm Feb 4, 2014 8:50pm
Quoting Rusand
Hi, Alan. Recently stumbled upon your thread and drew attention to your EA. I wrote a similar EA and I even managed to catch a few pips. Many thanks for your advisor and some ideas, realized in it. Allow comments and questions for your Amazing EA: 1. calculating a lot, you do not consider TITSKVALUE and LOTSTEP. If the base currency is USD then everything is OK, if we trade crosses, the lot will be calcilated on the incorrect amount of risk. I use about a formula: LOT =MathFloor((AccountFreeMargin()*Risk)/(SL*MarketInfo(Symbol(),MODE_TICKVALUE))/MarketInfo(Symbol(),MODE_LOTSTEP))*MarketInfo(Symbol(),MODE_LOTSTEP);...
Hi Andrey

Just came here to release an update and saw your post - I will investigate and test your comments regarding the Risk calculation. I can see there may be a problem there. Thanks for pointing it out.

I introduced Local Time for 2 reasons:- 1) because some brokers were keeping inaccurate time on their servers. Thinkforex had a period where their server was 10 seconds out and 2) if brokers withhold tickdata - in other words- if prices 'freeze', the EA doesn't update the time. But if you use LocalTime *and* a Tick generator such as "MT4Ticker" then you can have much more accurate time monitoring in the EA.

Regards Alan
  • #952
  • Feb 4, 2014 8:55pm Feb 4, 2014 8:55pm
New Release

05-Feb-2014
Version 4.2.0 Modified by Alan Prothero
Fixed 3 Minor Compile Warnings generated by MT4 updating to Build 600
Updated Documentation to reflect Build 600 changes

I've updated the EA and documentation to take account of MT4 Build 600 which was released yesterday.

Attached File(s)
File Type: zip Amazing EA 4-2-0.zip   17 KB | 952 downloads
  • #953
  • Feb 5, 2014 7:42pm Feb 5, 2014 7:42pm
Hi Alan

Good Work. Today's Retail Sales of AUD played a dirty game. After hitting the sell orders the market reversed back to hit the stop losses. There was no scope for the BE to triger at 10 pips as the sell order moved just 5 pips only. I think we should have another set of orders placed immediately on the direction of movement, which would have got the pips to offset the loss. Has any one else traded the AUD Retail Sales today and faced this situation? . AUDCAD chart is shown below.

Fx...
Attached Image
  • #954
  • Feb 5, 2014 8:14pm Feb 5, 2014 8:14pm
Fx-optimus, this is the risk of multiple news. Retail Sales M/M was as expected, Q/Q ex-inflation was worse but with a positive revision but the Trade Balance figures were better than expected. If you are straddle trading, I would steer clear of multiple events, particularly employment figures as the risk of the rate going one way and the total going the other is high especially with participation rates swinging wildly.

NFP is a little different though as so many traders are in the market and they concentrate on the headline number. However, saying that I have seen 50 pip moves reverse in 20-30 seconds because of revisions etc. With the weather and budget issues in the US, I wouldn't be surprised to see some weird figures and big revisions tomorrow.....

I know it seems crazy but you could have switched off OCO and you would have got a Buy which would have offset the loss.

Alan
  • #955
  • Feb 5, 2014 11:11pm Feb 5, 2014 11:11pm
Quoting Alan111S
Fx-optimus, this is the risk of multiple news. Retail Sales M/M was as expected, Q/Q ex-inflation was worse but with a positive revision but the Trade Balance figures were better than expected. If you are straddle trading, I would steer clear of multiple events, particularly employment figures as the risk of the rate going one way and the total going the other is high especially with participation rates swinging wildly. NFP is a little different though as so many traders are in the market and they concentrate on the headline number. However, saying...
Hi Alan

Thanks for your reply. My broker widened the spread to about 20 pips in most of the AUD pairs. The SL + Spread idea is realy wonderful as the EA placed the SL exactly Spread+10 pips.

I tried OCO disabled last week. If the market goes zigzag immediately after the news I encountered two side loses. Can you help and others on "What would be the ideal settings for NFA this week". Also I want to know is it good to trade the Euro interest rate and press conference today with Amazing EA?

Thanks a lot for your contribution.

Fx...
  • #956
  • Feb 7, 2014 12:13pm Feb 7, 2014 12:13pm
Quoting Fx-optimus
Hi Alan Good Work. Today's Retail Sales of AUD played a dirty game. After hitting the sell orders the market reversed back to hit the stop losses. There was no scope for the BE to triger at 10 pips as the sell order moved just 5 pips only. I think we should have another set of orders placed immediately on the direction of movement, which would have got the pips to offset the loss. Has any one else traded the AUD Retail Sales today and faced this situation? . AUDCAD chart is shown below. Fx... {image}
I lost too on Retail Sale AUD.
Employment NZD and NFP gave profit. Trailling Offset and Trailing Stop worked well on both events. Unfortunately I missed on NFP GBPUSD using big lots (20 + 10 + 10), only succeeded in NFP USDJPY using relatively small lot (1 lot).
Here are the settings
Employment NZD 2014.02.05 4:45 WIB ,AmazingEA 4-1-0.Non NFP 2 NZDUSDpro,M1 inputs: PointsAway=40; PointsGap=2000; ModifyGap=10; TP=300; SL=100; NYear=2014; NMonth=2; NDay=5; NHour=4; NMin=45; NSec=0; CTCBN=0; SecBPO=20; SecBAO=5; SecBMO=1; STWAN=70; OCO=true; BEPoints=100; BEOffset=20; TrailPoints=50; TrailOffset=150; TrailImmediate=false; MM=false; RiskPercent=2.5; Lots=2; MaxSpread=0; AddSpreadToSL=true; SlipCheck=false; MaxSlippage=200; AllowBuys=true; AllowSells=true; UseBrokerTime=false; TradeLog="AmazingEA";
NFP USDJPY : TO +TS worked well here. 2014.02.07 ;20.30 WIB, AmazingEA 4-1-0.NFP USDJPYpro,M1 inputs: PointsAway=80; PointsGap=2000; ModifyGap=10; TP=1000; SL=100; NYear=2014; NMonth=2; NDay=7; NHour=20; NMin=30; NSec=0; CTCBN=0; SecBPO=20; SecBAO=5; SecBMO=1; STWAN=70; OCO=true; BEPoints=100; BEOffset=20; TrailPoints=50; TrailOffset=200; TrailImmediate=false; MM=false; RiskPercent=1; Lots=1; MaxSpread=0; AddSpreadToSL=true; SlipCheck=false; MaxSlippage=200; AllowBuys=true; AllowSells=true; UseBrokerTime=false; TradeLog="AmazingEA";
Attached Image(s) (click to enlarge)
Click to Enlarge Name: employment change nzd.5-2-2014, 4.45 wib.nzdusdprom1.png Size: 34 KB
Click to Enlarge Name: nfp uj, 7-2-2014, 20.30 wib.thinkforex australia metatrader 4.png Size: 122 KB
  • #957
  • Feb 8, 2014 3:38am Feb 8, 2014 3:38am
Hello,

The discussion is really very interesting. I've installed Amazingea 4.2.0.

I'm french, and translate is very hard.
So I have 3 questions :

1/ I used an old amazing ea. The TP was in Pips, (we set 5, for example), and now I see that the set is 10000 for example, it's for the 5 numbers brokers ?
2/The amazing ea, has lots of possibility. Is it compatible with all brokers, I use Saxo Bank for example.
3/MT4 has only minute M1. Manually, I work in 12 secondes. With my old Amazing ea, I didn't have the possibility to change. For example, the yesterday NFP, the EA order 4 times, and I loose money. The 4.2 version changed that ?. I don't understood PointsAway, or PointsGap.

Thanks to help me, may be have you a french traduction.

Thanks for everything, and sorry for my english
  • #958
  • Feb 10, 2014 12:35pm Feb 10, 2014 12:35pm
HELP.. It does not work in the new MT4 (build 604).

Regards
  • #959
  • Feb 10, 2014 4:22pm Feb 10, 2014 4:22pm
Quoting Tutela
Hello, The discussion is really very interesting. I've installed Amazingea 4.2.0. I'm french, and translate is very hard. So I have 3 questions : 1/ I used an old amazing ea. The TP was in Pips, (we set 5, for example), and now I see that the set is 10000 for example, it's for the 5 numbers brokers ? 2/The amazing ea, has lots of possibility. Is it compatible with all brokers, I use Saxo Bank for example. 3/MT4 has only minute M1. Manually, I work in 12 secondes. With my old Amazing ea, I didn't have the possibility to change. For example, the yesterday...

Hi I didn't catch the PointGap neither. Can someone explain us in (low level) please? Thnx
  • #960
  • Feb 10, 2014 6:02pm Feb 10, 2014 6:02pm
Quoting daherxdaher
HELP.. It does not work in the new MT4 (build 604). Regards
If it doesn't work, (which I doubt), you have to provide log files to show what is happening on your system or at least some more detail about how it hasn't worked.....
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