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Straddle trading EA

  • #1,181
  • Aug 7, 2014 6:02am Aug 7, 2014 6:02am
Hi, if you want to increase time when pending orders are active you have to change STWAN. In my setting i have 60, means 60 sec after news pending order will close. You have 5 sec at this moment.
Points away is right. It's where pending orders will be placed at the time of news. You have 10, it means 10 pips below and above actual price. Not candle.
In my setting i have less. 6 points. And it works for me. It depends on pair too. EURUSD, GBPUSD has more volatility few seconds before news. For example audusd has usually less.

There is a good manual somewhere in thread i think. There are all values with description.

D.
  • #1,182
  • Aug 7, 2014 6:06am Aug 7, 2014 6:06am
Hi

Thank you so much man, let me see what happens once i change the STWAN to 60, as its 20 now, il let you know
  • #1,183
  • Aug 7, 2014 6:05pm Aug 7, 2014 6:05pm
Thankx Dafa, it finally worked . I have been currently testing a strategy on my demo account for 2 weeks now and the results are good. And that is how i found this Thread about the AEA. The strategy is exactly what this EA does, but what i use to do was on every market session open preferably London and Newyork, i use to go to my 5Min chart and plot the first 30min after the opening of the market session open, usually after the first 30min or so once the market opens it shows the trend of the day if its Bullish or Bearish. I use to wait for the 30min candle to close, and then put pending orders, 20pips above the HH of this first 30min and 20pips Below the LL . TP 50Pips Stop loss 50pips, or you could do 1:2 ratio.

I guess we can make this Amazing EA to do this for us also?, we just enter 7 candles on CTCBN to look for the HH and LL within that last 7 candles?. I have a programmer who is currently working on to making this EA for me, does the same thing as the AEA. Below is the Function of the EA i am getting coded.

Would like to have fellow traders feedback on this ?

Description


when add the EA on chart
​ to each Currency pair, we want to trade.

EA will
​check last 7 bars to find the HH and LL from the market session Open until 30min candle close , exmaple: lets say Syney opens at 1:00, EA waits until 1:30 and then finds the HH and the LL so there is 7 bars in 30min in the 5M time frame. I want to be able to change the time frame inputs on the EA so the number of bars easily so i can try all different time frames. So this means the EA has to count the correct number of bars for each time frame.

Then the EA will make 2 pending orders, one Buy Stop X No: of pips above the HH and Sell Stop order X No: of pips below the LL. I want to be able to input the SL and TP parameter and also the Number of pips on the HH and the LL in the EA Inputs before i add the EA on chart.

​When one Pending order is triggered the EA will delete the other one.​

if pending order gets triggered and the TP or SL is not reached before the new market Session open, EA will let it run until TP or SL is reached. At the same time EA will need to again issue new pending orders for the new market session.

Example: Sydney Session, one of the pending orders gets triggered, and the SL and TP are not reached when Tokyo Opens, then EA will again find the HH and LL after the first (30min 7bars) and issue Pending orders for the Tokyo session. If one of the Tokyo session pending orders gets triggered, this means we have now 2 trades open on the same pair until they reach their TP or SL levels. The EA will keep doing this to all the market session opens, Sydney, Tokoyo, London and New york. we can add to many currency pairs we want to trade , we just need to calculate the lot sizes. So if we want to trade 4 currency pairs, we place the EA on each chart, then we set the Lot amount to cover 4 trades on each pair.

But if no pending order is triggered by the time the other session time opens, the EA will delete both pending orders and use the new session time to calculate the new HH and LL so for example...

Tokyo session starts at 1pm, after 30min candle closes, EA will find the HH and the LL then issue pending orders X No: of pips above the HH for Buy stop, and X No: of pips below the LL for Sell stop. Now, if non of the pending orders get triggered until London session open, then EA will delete both pending orders, and as discussed above , issue new pending orders for London session.


Also i will need to be able to input the Lot sizes on the EA, and the the Market session open times on the EA, so when i add the EA to multiple currency it will trade all in the same time.

Inputs parameters can be changed by me include:

1. Number of bars the EA has to find to calculate the HH and LL on a particular time frame we choose . so for Example: 30min time frame we have 7 bars until first 30min candle is closed.
2. No. of pips from the HH and LL for the breakout that we want the pending orders to be issued.
3. No of Lots
4. Market session times, so i can input my broker time when Sydney, Tokyo, London and Newyork Open.
4.SL and TP inputs.
  • #1,184
  • Aug 7, 2014 7:07pm Aug 7, 2014 7:07pm
When i load the Points away to lets say 10, once it gets loaded it say 10010? why is that?
  • #1,185
  • Aug 7, 2014 7:45pm Aug 7, 2014 7:45pm
Quoting mo1341
When i load the Points away to lets say 10, once it gets loaded it say 10010? why is that?
Set SecBPO=SecBAO to prevent this. It has a safety feature to open the orders far away then move them closer.

I know the thread is long but use the "Search This Thread" option on the top left. I searched for 'Breakout' and the 4th result has exactly the info you need. Post 982..... That post mentions some others too.

Alan
  • #1,186
  • Aug 7, 2014 7:49pm Aug 7, 2014 7:49pm
Quoting harrisonw
Hey Seller, What does it mean when the EA says "no live trading" When I click to start auto trading it keeps saying "no live trading" Harrison
In Tools, Expert Advisers you need to tick "Allow Live Trading"
  • #1,187
  • Aug 7, 2014 8:02pm Aug 7, 2014 8:02pm
Quoting PiTERMAN
This morning we had UK Manuf. Production. Unfortunately with -0.3 Dev. there was no continuation in PA, but fortunately i could made few pips ...(I was stopped out with 2.5 pips Trailing Stop) {image}
Hi Piter

Glad to see you found a new broker .....
  • #1,188
  • Aug 7, 2014 8:15pm Aug 7, 2014 8:15pm
Quoting oyeniyi83
Hello Everyone, I am also trying to create a news straddling script, and I am testing with the FXOpen ECN demo. The script tries to open a buystop and sellstop. The sellstop opens fine without any issues, but I get an error code == 0 and ticket # == -1 whenever the script tries to open the buy stop. Is this perhaps a limitation in the script or with the trading platform? I have looked online but have gotten no answers is why I decided to ask on this forum. Any suggestions? Buy Stop Code: OrderSend(symbol,OP_BUYSTOP,LotsOptimized(),BuyPrice,UseSlippage,BuyStopLoss,BuyTakeProfit,"OR...
The most common problem in not opening Buy Stops is usually that the BuyPrice must use the Ask price (or Bid plus spread) not Bid. If you are doing that OK, the next issue is that some brokers have a minimum distance for pending orders...... later versions of Amazing EA cope with that and the latest ones only use a minimum distance if necessary.
  • #1,189
  • Aug 7, 2014 9:03pm Aug 7, 2014 9:03pm
Quoting mmaximus001
Hey Allan, Are you going to convert the EA to work on cTrader. I just traded the AUD job report which was not bad. However I just noticed that I can’t make the same money I make on MT4 as I do with cTrader. My spread + commission during news events on cTrader is on average 2-3 pips (the spread goes up and then returns to 1-2 pips before the spike). Yes, I do get slippage but if I’m to choose between slippage and spread I would choose the slippage. Moreover the Lot sizes of traders on cTrader are greater compared to MT4, which means bigger fills...
Hey man how are you? what EA u use for cTrader? i have the "robots news" but i need that move for BE. what are u using? Thank you!
  • #1,190
  • Aug 7, 2014 9:14pm Aug 7, 2014 9:14pm
Quoting mmaximus001
Hey Allan, Are you going to convert the EA to work on cTrader. I just traded the AUD job report which was not bad. However I just noticed that I can’t make the same money I make on MT4 as I do with cTrader. My spread + commission during news events on cTrader is on average 2-3 pips (the spread goes up and then returns to 1-2 pips before the spike). Yes, I do get slippage but if I’m to choose between slippage and spread I would choose the slippage. Moreover the Lot sizes of traders on cTrader are greater compared to MT4, which means bigger fills...
I'm trying hard to understand what you mean by better fills on c trader. Does it mean slippage is less on c trader? its still the same market u know. Perhaps you may share with us your experience.
  • #1,191
  • Aug 7, 2014 9:35pm Aug 7, 2014 9:35pm
Quoting Alan111S
{quote} Set SecBPO=SecBAO to prevent this. It has a safety feature to open the orders far away then move them closer. I know the thread is long but use the "Search This Thread" option on the top left. I searched for 'Breakout' and the 4th result has exactly the info you need. Post 982..... That post mentions some others too. Alan
Hi Allan

Thank you very much, im stil trying go back and read all the posts, so many . I wanted to ask what is the easiest way for me to trade this EA and the settings i need to put if i wanted to trade each market session open.

Example: i want the EA to open trades after the first 30Min of trading for London , by placing orders 20 pips above the HH and 20pips below the LL. how would the setting look like if i was to input these in?.

Im sorry for asking this, as i know you must be getting tired of people like me asking the same questions over and over again .

Thanks
  • #1,192
  • Aug 8, 2014 2:24am Aug 8, 2014 2:24am
Quoting mo1341
{quote} Hi Allan Thank you very much, im stil trying go back and read all the posts, so many . I wanted to ask what is the easiest way for me to trade this EA and the settings i need to put if i wanted to trade each market session open. Example: i want the EA to open trades after the first 30Min of trading for London , by placing orders 20 pips above the HH and 20pips below the LL. how would the setting look like if i was to input these in?. Im sorry for asking this, as i know you must be getting tired of people like me asking the same questions...
do what you will have to do for the month, day, hour, minute etc settings. u can only determine your points away after you have calculated your distance between the current market price and HH or LL. but amazing EA only puts up equal settings and cannot be set for different distance for butstop/sellstop.
  • #1,193
  • Aug 8, 2014 2:45am Aug 8, 2014 2:45am
Alan, couple questions when you have time - no hurry.

1. What are your thoughts on how the Amaz EA is coded to handle multiple pairs trading the same event at the same release time with same EA settings. In testing - trading three pairs the EA will try to modify an order a few milliseconds after the order was closed due to TP or SL. The TP and SL are already there after the pending order goes live for the terminal to monitor and will close the order when the SL or TP are hit regardless of what the EA is doing. The EA of course is still trying to do it’s job of modifying the orders regardless of how close or past the TP or SL price is at the millisecond moment.
Does the code cater for checking the status of an order before executing a command to modify??

2. Also I note in this test, If price moves rapidly to a second trigger to modify, the EA while waiting for the current modify request to fill/complete will enter a second request to modify.
Is the EA coded to check the status of a request to modify before requesting a second modification??

I understand you may feel loading three pairs on demo terminal might just be over loading the EA. I am just asking your opinion, and if the EA is coded to prevent these events I witnessed.
  • #1,194
  • Aug 11, 2014 9:35pm Aug 11, 2014 9:35pm
Quoting JumpJack
Alan, couple questions when you have time - no hurry. 1. What are your thoughts on how the Amaz EA is coded to handle multiple pairs trading the same event at the same release time with same EA settings. In testing - trading three pairs the EA will try to modify an order a few milliseconds after the order was closed due to TP or SL. The TP and SL are already there after the pending order goes live for the terminal to monitor and will close the order when the SL or TP are hit regardless of what the EA is doing. The EA of course is still trying to...
First of all, let me say that I am not averse to criticism and welcome it as it helps me to improve the code. Many people never ever test it to the level you obviously are.

Secondly, can you provide me logfiles of what you've witnessed and are both issues happening while the orders are pending or 'live'? (I have found a small 'bug' which will result in a new release but I want to fix any other potential issues before releasing it and the logs will help me confirm it )

Thirdly, multiple pairs only slow it down a little in one respect. When getting a list of orders each EA instance gets a complete list then filters it to the currency pair being used on that chart. The end result is the same but some CPU might be wasted on checking orders and then realising they are all for a different currency pair ! This is a limitation in the MQL4 language and can't be helped.
  • #1,195
  • Aug 17, 2014 6:43am Aug 17, 2014 6:43am
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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Only the price on the chart can show the entrance to the deal...
  • #1,196
  • Edited 8:50am Aug 17, 2014 8:27am | Edited 8:50am
No my friend, you are wrong!

The movement was due to re-published Canadian Employment Change and Unemployment Rate due to last week error
Attached Image
  • #1,197
  • Aug 17, 2014 11:37am Aug 17, 2014 11:37am
https://mninews.marketnews.com/index...ough-republish
You are right my friend is 100%
Only the price on the chart can show the entrance to the deal...
  • #1,198
  • Aug 17, 2014 5:43pm Aug 17, 2014 5:43pm
Quoting vvFish
{image}{image}
Fish,

What are you using for cTrader? I have not been able to get mine to work right, and I MUCH prefer cTrader to MT4.
War. Is my profession.
  • #1,199
  • Aug 17, 2014 8:25pm Aug 17, 2014 8:25pm
Quoting L0pg
{quote} Fish, What are you using for cTrader? I have not been able to get mine to work right, and I MUCH prefer cTrader to MT4.
market order
My friend, I do not want to advertise, but I would advise you to read this thread.
You can find a lot of interesting things. It is desirable from the first page.
http://www.forexfactory.com/showthread.php?t=493948
Good luck.
Only the price on the chart can show the entrance to the deal...
  • #1,200
  • Aug 18, 2014 12:52am Aug 18, 2014 12:52am
@vvFish the topic is craphole. Even reading the first post makes you laugh. Anyway, the future can't be predicted by indicators and after 1-2 weeks their system will fail indeed. If you read it really carefully, you'll see that 'currency strength' something isn't working properly as on most charts they're showing where the indi is AT the news bar. The only way you could 'predict' the future is by statistical arbitrage. The main problem with that is finding a slow broker with good order execution.

And one last word about the "high impact" crap - the big boys don't put 5-10 millions on e/u g/u etc. Big boys like Goldman Sachs are directly connected to the market with supercomputers and when they see an order coming up, they are opening their own one PICO seconds before that happens, which is far far far away from 10-7-3minutes described in the topic. The problem is that there are thousands of people who are highly uneducated and have no idea what are they doing in the forex market, they just 'want a quick buck'.
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