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News Trading - Straddle 11 replies

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Attachments: Straddle trading EA
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Straddle trading EA

Quoting L0pg
This was working splendidly up until last week, and now I cannot get it to open any trades. I downloaded the newest file posted here, and that one I can't even attach to a chart. Anyone else have any idea how to fix it? I ran the debugger and had 0 errors found. I'm baffled, but that's 2 news days now that it failed to even open any orders.
There are suggestions for how to fix in the files that come with the EA. RTFM as they say!

Do you have a smiley face in the corner of your chart?

Allow live trading switched on ?

What do you mean 'can't even attach it to a chart'?
Quoting tonyharmony
{quote} Hi drBBMM, I have been very impressed with your news trading. I am also with ThinkForex, but only a standard account... My question is where did you get your on-screen slippage data? I have been looking for something like that for a long time... I would greatly appreciate knowing where I could download the on-screen indicator from... Kindest regards Tony
I don't use any indicator to know slippage, just put horizontal line exactly at the middle of the arrow sign and compare the value of price that is shown by arrow with the value of Fill Price in Account History. If the arrow sign has been disappeared which is caused by restarting the MT4 or changing the Inputs on the screen ,you can use the trick that has been discribed by Alan above.
Hi Doc,

Thanks mate, yes Alan has cleared that up for me....

Appreciate the info...

Kind regards

Tony
Hi Ubeta,

Thanks mate! I appreciate the info.

I have been using 50 - 80 points away, but although I get some wins, I get some pairs stopped out too! And this is before they get cancelled! Is there any setting that I can use to avoid them getting stopped out? I am happy to have them cancelled as there is no money lost....

I decided to post here instead of PM as someone else may gain knowledge for your experience with the Amazing EA...

Kind regards

Tony
By having the slipcheck set to true and if the difference between triggered price and pending orders are more then the slippage set, the ea will close the trade at min loss at once?
Quoting drBBMM
{quote} You'd better forward test at least using Demo account so you can check on log files if there is something wrong with the EA or the settings etc. Using backtest will never give us information about slippage or widened spread at news time. Pointsgap is a good filter added by Alan to prevent activation of trade outside the specified time. I myself never backtest this good EA because the result will be different because on real account we can get slippage on our orders, even our SL can be slipped far away. Therefore using demo account on news...
thanks BRBBM,can you please interpret this parameters for a 4 digit broker?

PointsAway=50;
PointsGap=2000;
ModifyGap=10;
TP=500; SL=100;
SecBPO=20;
SecBAO=5;
SecBMO=1;
STWAN=70;
BEPoints=20;
BEOffset=10;
TrailPoints=50;
TrailOffset=150;
Quoting Alan111S
{quote} There are suggestions for how to fix in the files that come with the EA. RTFM as they say! Do you have a smiley face in the corner of your chart? Allow live trading switched on ? What do you mean 'can't even attach it to a chart'?
Thanks for your contribution i really appreciate can u please tell me why we use the MODIFY GAP? and can you please help me convert the following parameters to a 4digit broker

PointsAway=50;
PointsGap=2000;
ModifyGap=10;
TP=500; SL=100;
SecBPO=20;
SecBAO=5;
SecBMO=1;
STWAN=70;
BEPoints=20;
BEOffset=10;
TrailPoints=50;
TrailOffset=150;
Just remove the last zero on anything that isn't seconds.
Quoting ksofty
Just remove the last zero on anything that isn't seconds.
thanks
Quoting tonyharmony
Hi Doc, Thanks mate, yes Alan has cleared that up for me.... Appreciate the info... Kind regards Tony
Be careful in trading news spikes, you should trade only with ECN/True STP brokers that didn't slip much your orders otherwise you would lose though the price moved more than 30 pips.

NFP release on 5-9-2014 gave nice profit 32 605.76 USD on my real account.
GU got whipsawed but the profit exceeded the loss.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NFP Gold 5-9-2014.png Size: 101 KB
Click to Enlarge Name: NFP GU 5-9-2014.png Size: 102 KB
Click to Enlarge Name: NFP UJ 5-9-2014.png Size: 99 KB
Quoting drBBMM
{quote} NFP release on 5-9-2014 gave nice profit 32 605.76 USD on my real account. GU got whipsawed but the profit exceeded the loss. {image} {image} {image}
drBBMM u r really so lucky with this account... if i were u i might get millionaire within few months with such account
but i believe ur account so unique maybe theres nothing similar to it in the whole world...
last time i had a similar account to urs... the broker was scammer vanished after few months...
lol
i can say ur account is the ultimate dream for any news trader loool
  • Post #1,253
  • Quote
  • Edited Sep 6, 2014 12:52am Sep 5, 2014 1:11pm | Edited Sep 6, 2014 12:52am
Quoting bisho777
{quote} drBBMM u r really so lucky with this account... if i were u i might get millionaire within few months with such account but i believe ur account so unique maybe theres nothing similar to it in the whole world... last time i had a similar account to urs... the broker was scammer vanished after few months... lol
Yes if every trader get no slippage like mine at Thinkforex , all trader will leave their brokers and chase Thinkforex to deposit their funds. And other brokers will get bankruptcy because no trader is left
Quoting bisho777
{quote} drBBMM u r really so lucky with this account... if i were u i might get millionaire within few months with such account but i believe ur account so unique maybe theres nothing similar to it in the whole world... last time i had a similar account to urs... the broker was scammer vanished after few months... lol
I put my orders using VPS and bigger lots on my PC at home, unfortunately my PC get disconnected 1 minute prior the NFP release so the bigger lot orders were not filled and were cancelled. Next time I 'll use bigger lot on several VPS to avoid this accident.
Attached Image (click to enlarge)
Click to Enlarge Name: NFP 5-9-2014 ,15.30 THX cancelled.xauusdpro-m1-thinkforex-com.png Size: 114 KB
It's so excited to see the EA that similar to my thought.
There's a question.

In the CAD news , I place buy stop for 20 pips 15 seconds before the news.
When Time for the news,the order get more than 50 pips for the buy stop.
So my order was entry in a very bad price.

I know that's Big news will make this thing happens.
But there's my idea for some crazy strategy:

1.Two chart for same (GBPCAD + GBPCAD)
2.Same money for two account (100USD 100USD)
3.Same lot (0.5 0.5)
4.One chart for Buy one for sell.
5.An EA that can make entry in 5 seconds before the news.

In today's news(CAD Employment change & Unemployment Rate)
the price go to NORTH for more than 90 pips.
Think about it,if we only set stop lose and training stop.
How much profit can we have?And how less lose we need to pay?
Everyone can find their HolyGrail
Quoting drBBMM
{quote} I put my orders using VPS and bigger lots on my PC at home, unfortunately my PC get disconnected 1 minute prior the NFP release so the bigger lot orders were not filled and were cancelled. Next time I 'll use bigger lot on several VPS to avoid this accident. {image}
WHAT ?????
Quoting Alan111S
{quote} There are suggestions for how to fix in the files that come with the EA. RTFM as they say! Do you have a smiley face in the corner of your chart? Allow live trading switched on ? What do you mean 'can't even attach it to a chart'?
I had a smiley, yes. But it wouldn't open any trades. After I removed it and tried to re-attach it (it's a part of my template) I was unable to get it to affix to the chart at all. This morning I was able to get it to work after I downloaded a fresh copy of the EA.

Quoting drBBMM
{quote} Be careful in trading news spikes, you should trade only with ECN/True STP brokers that didn't slip much your orders otherwise you would lose though the price moved more than 30 pips. NFP release on 5-9-2014 gave nice profit 32 605.76 USD on my real account. GU got whipsawed but the profit exceeded the loss. {image} {image} {image}
Dr,
What settings are you using for USDJPY? I had all my orders cancelled due to spread widening save JPY, which was stopped out at BE.


I have an account that uses CTrader, and USDCAD wiped out that account this morning (micro testing account, no biggie) with a massive whipsaw, the CBot in this thread is pretty good, however it seems to be more susceptable to whipsaws, got slipped by 15 pips. Even after I added a BE option in it.
War. Is my profession.
Quoting L0pg
{quote} I had a smiley, yes. But it wouldn't open any trades. After I removed it and tried to re-attach it (it's a part of my template) I was unable to get it to affix to the chart at all. This morning I was able to get it to work after I downloaded a fresh copy of the EA. {quote} Dr, What settings are you using for USDJPY? I had all my orders cancelled due to spread widening save JPY, which was stopped out at BE. I have an account that uses CTrader, and USDCAD wiped out that account this morning (micro testing account, no biggie) with a massive...
This is my setting for UJ on NFP: AmazingEA 4-3-0.NFP12 USDJPYpro,M1 inputs: PointsAway=120; PointsGap=2000; ModifyGap=10; TP=1000; SL=100; NYear=2014; NMonth=9; NDay=5; NHour=19; NMin=30; NSec=0; CTCBN=0; SecBPO=20; SecBAO=5; SecBMO=1; STWAN=70; OCO=true; BEPoints=20; BEOffset=10; TrailPoints=50; TrailOffset=150; TrailImmediate=false; MM=false; RiskPercent=2.5; Lots=2.0; MaxSpread=0; AddSpreadToSL=false; SlipCheck=false; MaxSlippage=200; AllowBuys=true; AllowSells=true; UseBrokerTime=false; TradeLog=AmazingEA;

Widened spread will not cancel the orders, it will even trigger both orders (Buy & sell) despite OCO=true. On NFP PointsAway should be 120 or more. My Buy&Sell orders on GU were triggered on NFP despite OCO=true and PointsAway= 120. I should have avoided that whipsaw if I set Pointsaway 150 or more. IMHO PointsAway = 120 can prevent whipsaw most of the time. Orders can be cancelled if MaxSpread or STWAN has been exceeded, or our margin is not enough or brokers freeze and we lost connection/got disconnected as I experienced yesterday on NFP .
i really wish to trade ur account drBBMM, will u lend it to me? and i promise i will share the profits with u
i think with ur account ... theres a chance between 70-80% that i can convert 1000 usd to 1 million usd within 2 to 3 months... coz i could gain 1000% profit within 10 days with such account i mean account without slippage... when i traded it with a broker... unluckily that broker was scammer but i experienced trading without slippage before and i saw how u can generate huge profits with it.

what do u think? it sounds a nice deal

lend ur account to me and we split profit .. lol
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