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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 bisho777
i really wish to trade ur account drBBMM, will u lend it to me? and i promise i will share the profits with u
LOL. I prefer learning by doing despite the profits are smaller, but learning from my own mistakes will prevent me from making the same mistakes in the future. To avoid being the victim of scammers you should search brokers on independent reviewers website such as ForexPeaceArmy or try Thinkforex who knows you will be lucky to get non slippage account like me.
Quoting commander365
{quote} 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;
The ModifyGap was an idea I had to stop needless order modifications for 0.1 pips. Each modify takes time, so it's better to wait for price to move a certain distance before adjusting the orders. If Pointsaway is 100 (or 10 pips) then it seems OK to have ModifyGap=10 (or 1 pip).

Alan
Last night the australian news movement was 'stopped' by the 200 ema on the H1 chart, then it all went back into the trend. I jumped on the train in the opposite direction
hi guys? where can i get this EA? newbie here.. thanks!!
on the first page there is a link
Quoting flias
Hi Alan I operate with Thinkforex, I don't know why my orders close before the News Time, please find atached the log file Thanks a lot for your support 2014.05.30 15:29:49 Amazing EA shut down 2014.05.30 15:29:49 Amazing Forex System Expert Advisor v 4.3.0 By Alan Prothero 2014.05.30 15:29:49 Opening BuyStop @ 1.47624, OrdersCondition=0 2014.05.30 15:29:50 OpenBuyStop, OrderSend Executed, @ 1.47624 SL @ 1.47524 TP @ 1.47724 ticket=7031576 2014.05.30 15:29:50 Opening SellStop @ 1.47337, OrdersCondition=0 2014.05.30 15:29:50 OpenSellStop, OrderSend...

hi plias, where do you get this log? how can i find the number of slippage? anyone?
Hi Alan. Your Amazing EA 4-3-0 is the greatest News Trading EA I have ever encountered; many thanks!

My question regarding Amazing EA 4-3-0 concerns optimization of Amazing EA 4-3-0. Even though I can access the data regarding the history of every News Trade I would have made over N Period Of Time, it doesn’t seem that one can upload the aforementioned data into Strategy Tester from the menu (Ctrl+R) of the MetaTrader 4 trading terminal. Therefore, without being able to input the history of every News Trade I would have made over N Period Of Time, it doesn't seem to make sense to perform optimization. Am I correct?

My concern is that I am trading Amazing EA 4-3-0 over four brokers, and getting different results for each broker. Is there any fix for this besides optimization?

Further, if you can inform me of how to optimize using the input of the history of every News Trade I would have made over N Period Of Time, do I have to perform the optimization for every currency pair that I trade for Amazing EA 4-3-0 to be effective?
Quoting cyd09
{quote} hi plias, where do you get this log? how can i find the number of slippage? anyone?
Hi cyd09 Look at post 1242.
NFP 3-10-2014 gave nice profit 58,241.47 USD using total 187 lots to me although most of my trades got big slippages, only 2 trades (UJ and GU) didn't get slippage.
Interestingly all the non slippage trades (on GU and UJ) were lost because mistakenly using PA= 50 point. While other trades used PointsAway 100-120 points.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NFP 3-10-2014, 10 lot.xauusdpro-m1-thinkforex-com-6.png Size: 111 KB
Click to Enlarge Name: NFP 3-10-2014, 16 lot.xauusdpro-m1-thinkforex-com-3.png Size: 109 KB
Click to Enlarge Name: NFP 3-10-2014, 25 lot.ThinkForex Australia MetaTrader 4.png Size: 111 KB
Click to Enlarge Name: NFP 3-10-2014,20lot. 12b.ThinkForex Australia MetaTrader 4.png Size: 110 KB
Click to Enlarge Name: NFP 3-10-2014,20lot.ThinkForex Australia MetaTrader 4.png Size: 110 KB
Click to Enlarge Name: NFP 3-10-2014,24 lot.xauusdpro-m1-thinkforex-com-5.png Size: 110 KB
Click to Enlarge Name: NFP GU 3-10-2014, 3 lotThinkForex Australia MetaTrader 4.png Size: 113 KB
Click to Enlarge Name: NFP GU 3-10-2014.ThinkForex Australia MetaTrader 4.png Size: 110 KB
Click to Enlarge Name: NFP UJ 3-10-2014, 2 lot.ThinkForex Australia MetaTrader 4.png Size: 106 KB
Click to Enlarge Name: NFP UJ, 3-10-2014, ThinkForex Australia MetaTrader 4.png Size: 107 KB
continued(max charts = 10 /post)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NFP XAU 3-10-2014, 19.30 WIB.xauusdpro-m1-thinkforex-com-3.png Size: 94 KB
Click to Enlarge Name: NFP XAU 3-10-2014. 10 lot.xauusdpro-m1-thinkforex-com-3.png Size: 94 KB
Click to Enlarge Name: NFP XAU 3-10-2014.11 lot.ThinkForex Australia MetaTrader 4.png Size: 114 KB
Click to Enlarge Name: NFP XAU 3-10-2014;11 lot.xauusdpro-m1-thinkforex-com.png Size: 86 KB
Click to Enlarge Name: NFP XAUUSD, 3-10-2014,5 lot.ThinkForex Australia MetaTrader 4.png Size: 119 KB
Quoting drBBMM
continued(max charts = 10 /post) {image} {image} {image} {image} {image}
drBBMM, can you share settings used in these trades? Thanks.
drBBMM,

On your recent NFP trade, are you on a live account? Why did you place multiple trades on the same instrument [XAUUSD]? Why did you not place trades on all the USD pairs?
Quoting Zippyz
Hi Alan. Your Amazing EA 4-3-0 is the greatest News Trading EA I have ever encountered; many thanks! My question regarding Amazing EA 4-3-0 concerns optimization of Amazing EA 4-3-0. Even though I can access the data regarding the history of every News Trade I would have made over N Period Of Time, it doesn’t seem that one can upload the aforementioned data into Strategy Tester from the menu (Ctrl+R) of the MetaTrader 4 trading terminal. Therefore, without being able to input the history of every News Trade I would have made over N Period Of Time,...
There is no point in backtesting any news trading EA unless you can do it tick by tick. Even then, your data won't show slippage, but it will show gaps. Different brokers will give different results. Best option:- open live account with preferred broker/s and trade very small (like 0.1 or even 0.01 lots) until comfortable with settings etc.

This has been discussed many times in this thread before - please search for more info....
Quoting drBBMM
{quote} Hi cyd09 Look at post 1242. NFP 3-10-2014 gave nice profit 58,241.47 USD using total 187 lots to me although most of my trades got big slippages, only 2 trades (UJ and GU) didn't get slippage. Interestingly all the non slippage trades (on GU and UJ) were lost because mistakenly using PA= 50 point. While other trades used PointsAway 100-120 points. {image} {image} {image} {image} {image} {image} {image} {image} {image} {image}
drBBMM

It wasn't the low Pointsaway that was the problem, it was the SL of 10 pips, because the spread was higher than that - if you had AddSpreadtoSL=True your trades would have survived.

Alan
Quoting Alan111S
{quote} drBBMM It wasn't the low Pointsaway that was the problem, it was the SL of 10 pips, because the spread was higher than that - if you had AddSpreadtoSL=True your trades would have survived. Alan
Yes that is right Alan, if I used AddSpreadtoSL=True my trades of UJ (fill =109.051 at 15:29:28 spread = 15) and GU(1.60597 at 15:29:59 spread =15) would survive and gave profits too. I looked into the ticks value and realized the the spreads of UJ and GU had returned back to nearly normal after 15:30:03. When my trades of UJ & GU got slippages (fill UJ =109.555 at 15:30:30; spread =0.1 and GU =1.60375 at 15:30:25 spread = 2.3) where the fillprice were farther away and took longer time from the point opened by Amazing EAs(all other setting were exactly the same:SL = 10 pips, AddSpreadtoSL= false) the trades survived because the spreads had returned back to normal. Pertaining AddSpreadtoSL=True I used to experience bigger losses (= SL + Spread) if the price didn't move much, while if I'm sure the price will moved >30 pips it is better and more prudent to use AddSpreadtoSL=True.
Thanks Alan for this great EA.
Attached File(s)
File Type: csv USDJPYpro_2014.10.03.csv   3.3 MB | 424 downloads
File Type: csv GBPUSDpro_2014.10.03.csv   3.4 MB | 302 downloads
File Type: csv XAUUSDpro_2014.10.03.csv   1.6 MB | 337 downloads
Quoting drBBMM
{quote} Yes that is right Alan, if I used AddSpreadtoSL=True my trades of UJ (fill =109.051 at 15:29:28 spread = 15) and GU(1.60597 at 15:29:59 spread =15) would survive and gave profits too. I looked into the ticks value and realized the the spreads of UJ and GU had returned back to nearly normal after 15:30:03. When my trades of UJ & GU got slippages (fill UJ =109.555 at 15:30:30; spread =0.1 and GU =1.60375 at 15:30:25 spread = 2.3) where the fillprice were farther away and took longer time from the point opened by Amazing EAs(all other setting...

Hey drBBMM how are you? i see ur gold trades and i want to ask u the same thing, why u split the trades and not all in one? And wich pairs do u trade with the system? Thank you and ill going to open a thinkforex account with like 500usd and see if i got slippeage or not hahaha gl hf.
Quoting joaoflores
{quote} drBBMM, can you share settings used in these trades? Thanks.
On UJ and GU (and XAUUSD) AmazingEA 4-3-0.NFP12 USDJPYpro,M1 inputs: PointsAway=120; PointsGap=2000; ModifyGap=10; TP=1000; SL=100; NYear=2014; NMonth=10; NDay=3; 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=5.0; MaxSpread=0; AddSpreadToSL=false; SlipCheck=false; MaxSlippage=200; AllowBuys=true; AllowSells=true; UseBrokerTime=false; TradeLog=AmazingEA;
If you are sure that deviation of expected and actual number will be more than 70 on NFP that will cause a big move, it is better to use AddSpreadToSL= true.
Quoting Zippyz
drBBMM, On your recent NFP trade, are you on a live account? Why did you place multiple trades on the same instrument [XAUUSD]? Why did you not place trades on all the USD pairs?
Quoting Contrax
{quote} Hey drBBMM how are you? i see ur gold trades and i want to ask u the same thing, why u split the trades and not all in one? And wich pairs do u trade with the system? Thank you and ill going to open a thinkforex account with like 500usd and see if i got slippeage or not hahaha gl hf.
Hi Zippyz and Contrax . Of course I use real account as you can see at left side in Navigator of Chart of my posts. I used 2 VPS and 2 PCs with different ISPs to anticipate if any of my PC got disconnected as I experienced on last month's NFP so I had to split my trades. Other than that I'm not sure if I used very big lots (100 or more) the market at news time gave enough liquidity to my trades. If there was not enough liquidity in the market my big lot orders would get slipped, so I spit the trade with hope at least some of my trades would get zero or small slippage. Although many split trades will burden the server of my broker.
I trade UJ, GU and XAUUSD on NFP. But XAUUSD is not as liquid as EU or UJ. The more illiquid a pair the more slippage it will get.
Quoting Alan111S
{quote} There is no point in backtesting any news trading EA unless you can do it tick by tick. Even then, your data won't show slippage, but it will show gaps. Different brokers will give different results. Best option:- open live account with preferred broker/s and trade very small (like 0.1 or even 0.01 lots) until comfortable with settings etc. This has been discussed many times in this thread before - please search for more info....
Hi Alan,

I get the point that forward testing is superior to back testing, and I agree. However, I was reviewing several articles from Metaquotes (i.e. http://www.metaquotes.net/en/metatrader4/gallery/expert_advisor_optimization) that said "Optimization is a process of adjustment of parameters that allow to maximize profits of Expert Advisors."

Therefore, do you view 'optimization' in the same manner as 'back testing?' In other words, it is not pragmatic to try and utilize optimization data? I was under the impression that all EAs had to be optimized to be effective. Sorry if the aforementioned is redundant for you to review; I would really appreciate a reply, because I am trying hard to understand why in this case optimization is not required.
Quoting drBBMM
{quote} {quote} Hi Zippyz and Contrax . Of course I use real account as you can see at left side in Navigator of Chart of my posts. I used 2 VPS and 2 PCs with different ISPs to anticipate if any of my PC got disconnected as I experienced on last month's NFP so I had to split my trades. Other than that I'm not sure if I used very big lots (100 or more) the market at news time gave enough liquidity to my trades. If there was not enough liquidity in the market my big lot orders would get slipped, so I spit the trade with hope at least some of my trades...
Thank you for ur answer!, hey and in ur personal account u make trades accounts, or u have different personal account in each account? u get it? (i dont speak english very well, sorry). And u only trade the NFP nothing else? thank you for ur help.
Quoting Contrax
{quote} Thank you for ur answer!, hey and in ur personal account u make trades accounts, or u have different personal account in each account? u get it? (i dont speak english very well, sorry). And u only trade the NFP nothing else? thank you for ur help.
Sorry I can't catch your point. I traded NFP and other news events such as Employment change of (NZD & AUD), Interest Rate of (NZD, AUD& CAD), CPI of (NZD,GBP,AUD & CHF), Retail Sales of (NZD,GBP,AUD & CAD), GDP of (GBP & CAD), Ivey PMI CAD.
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