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News Trading - Straddle 11 replies

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Straddle trading EA

has anyone know a version of straddle EA that is automated? set and forget ?

found some news ea here id like to know if you know this http://www.fasteconomicnews.com/products.aspx
http://www.newsautotrader.com/
hi guys,


I have a question on the MaxSlippage and stop loss(SL) on AmazingEA.
Say if the details of my order are as below:

- long position
- entry price = 0.8800
- stop loss = 10pips
- MaxSlippage= 15pips
- minimum stop loss set by my broker = 0pip

Assuming the price is going down rapidly and it's about to hit the stop loss. Slippage happens too at the same time.

Question: my closed price would be 0.8785 (=0.8800 - 15pips) OR 0.8775 (=0.8800 - 10pips - 15pips) ?


Thank you.
Today I traded NZ Cash Rate and FOM Statement, in my platform worked better EURUSD than GBPUSD (pretty volatile last seconds), JPYUSD, GLD. I prefer to capture the firs 25-30 pips of the spike and use BEPPoints and TrailPoints to assure pips.

2014.10.29 14:29:13.158 AmazingEA2 NZDUSD,M1 inputs: PointsAway=10; PointsGap=20; ModifyGap=3; TP=25; SL=10; NYear=2014; NMonth=10; NDay=29; NHour=17; NMin=0; NSec=0; CTCBN=5; SecBPO=20; SecBAO=7; SecBMO=1; STWAN=20; OCO=true; BEPoints=10; BEOffset=6; TrailPoints=10; TrailOffset=0; TrailImmediate=false; MM=false; RiskPercent=2.5; Lots=1.5; MaxSpread=60; AddSpreadToSL=true; SlipCheck=false; MaxSlippage=8; AllowBuys=true; AllowSells=true; UseBrokerTime=true; TradeLog=AmazingEA;

2014.10.29 12:03:51.082 AmazingEA1 EURUSD,M1 inputs: PointsAway=100; PointsGap=200; ModifyGap=5; TP=250; SL=100; NYear=2014; NMonth=10; NDay=29; NHour=15; NMin=0; NSec=0; CTCBN=5; SecBPO=20; SecBAO=7; SecBMO=1; STWAN=20; OCO=true; BEPoints=100; BEOffset=60; TrailPoints=100; TrailOffset=0; TrailImmediate=false; MM=false; RiskPercent=2.5; Lots=2.0; MaxSpread=60; AddSpreadToSL=true; SlipCheck=false; MaxSlippage=70; AllowBuys=true; AllowSells=true; UseBrokerTime=true; TradeLog=AmazingEA;
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Quoting flias
Today I traded NZ Cash Rate and FOM Statement, in my platform worked better EURUSD than GBPUSD (pretty volatile last seconds), JPYUSD, GLD. I prefer to capture the firs 25-30 pips of the spike and use BEPPoints and TrailPoints to assure pips. 2014.10.29 14:29:13.158 AmazingEA2 NZDUSD,M1 inputs: PointsAway=10; PointsGap=20; ModifyGap=3; TP=25; SL=10; NYear=2014; NMonth=10; NDay=29; NHour=17; NMin=0; NSec=0; CTCBN=5; SecBPO=20; SecBAO=7; SecBMO=1; STWAN=20; OCO=true; BEPoints=10; BEOffset=6; TrailPoints=10; TrailOffset=0; TrailImmediate=false; MM=false;...
Very nice indeed. It was live or demo ?
I used a PointsAway=120 (12) with UJ but my broker widened the spread just before and I lost 10 pips ... grrrrrrr
Totowah, It's live account. My broker have fixed spreads, I had bad entries with my other non fixed broker. Regards
hi Flias, do you mind to tell which broker are your with? thanks.
Quoting tankbeta
has anyone know a version of straddle EA that is automated? set and forget ? found some news ea here id like to know if you know this http://www.fasteconomicnews.com/products.aspx http://www.newsautotrader.com/
It's possible. I started working on one.... But, I worked out that I wouldn't want to trade every High Impact event using Straddle.

So I put it on hold indefinitely....

Alan
Quoting judysfriend
hi guys, I have a question on the MaxSlippage and stop loss(SL) on AmazingEA. Say if the details of my order are as below: - long position - entry price = 0.8800 - stop loss = 10pips - MaxSlippage= 15pips - minimum stop loss set by my broker = 0pip Assuming the price is going down rapidly and it's about to hit the stop loss. Slippage happens too at the same time. Question: my closed price would be 0.8785 (=0.8800 - 15pips) OR 0.8775 (=0.8800 - 10pips - 15pips) ? Thank you.
The MaxSlippage is about Slippage when your Pending Orders activate, not when trades close due to SL etc. The idea is if the Slippage on Buy/Sell Orders is more than 15 pips (could be 25, 50, 100 regardless) then the trades will have very tight SL applied. If the minimum SL is 0 pips that might be too tight and the trades would close immediately. A better option might be to use SlipCheck=True which resets the SL and TP after the trade is live and reports the Slippage in the log files.
I traded NFP AUS

2014.11.05 19:52:12.254 AmazingEA2 AUDUSD,M1 inputs: PointsAway=10; PointsGap=20; ModifyGap=3; TP=25; SL=10; NYear=2014; NMonth=11; NDay=5; NHour=21; NMin=30; NSec=0; CTCBN=5; SecBPO=20; SecBAO=7; SecBMO=1; STWAN=20; OCO=true; BEPoints=10; BEOffset=6; TrailPoints=10; TrailOffset=0; TrailImmediate=false; MM=false; RiskPercent=2.5; Lots=4.0; MaxSpread=60; AddSpreadToSL=true; SlipCheck=false; MaxSlippage=8; AllowBuys=true; AllowSells=true; UseBrokerTime=true; TradeLog=AmazingEA;

I'm going to adjust BEPoints to 7 (from 10) and BEPOffse to 5 (from 6), because if the there is a good trade (big spike) the trade take TP, if there are a mixed news of in line with forecast, you can save your trade and not get SL. (In my trade of EURAUD, I didn't lose monye, I got small profit)
What do you think about this?
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Quoting Alan111S
{quote} The MaxSlippage is about Slippage when your Pending Orders activate, not when trades close due to SL etc. The idea is if the Slippage on Buy/Sell Orders is more than 15 pips (could be 25, 50, 100 regardless) then the trades will have very tight SL applied. If the minimum SL is 0 pips that might be too tight and the trades would close immediately. A better option might be to use SlipCheck=True which resets the SL and TP after the trade is live and reports the Slippage in the log files.

thanks Alan!
Quoting flias
I traded NFP AUS 2014.11.05 19:52:12.254 AmazingEA2 AUDUSD,M1 inputs: PointsAway=10; PointsGap=20; ModifyGap=3; TP=25; SL=10; NYear=2014; NMonth=11; NDay=5; NHour=21; NMin=30; NSec=0; CTCBN=5; SecBPO=20; SecBAO=7; SecBMO=1; STWAN=20; OCO=true; BEPoints=10; BEOffset=6; TrailPoints=10; TrailOffset=0; TrailImmediate=false; MM=false; RiskPercent=2.5; Lots=4.0; MaxSpread=60; AddSpreadToSL=true; SlipCheck=false; MaxSlippage=8; AllowBuys=true; AllowSells=true; UseBrokerTime=true; TradeLog=AmazingEA; I'm going to adjust BEPoints to 7 (from 10) and BEPOffse...
What i am trying to understand about your trades is your lots calculation as against your profits or losses. from your AUDUSD trades you lost roughly $1800 on 4 lots, 4 lots is supposed to be $40/pip. and you lost 16 pips which should give u $640 loss instead. same for EURAUD where you gained $225 on 3 lots where your gain should have been about $70 instead.
why the difference in profit calculation??
Juddie, my account is in Nuevos Soles (Peruvian Currency)
How could this happen?
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because you are using XAUUSD.. try to use EURUSD next time
Dear Alan

Why I canīt put BEP Points lower than 10 points. In fact I put 8 points in the inputs then appears 10 in the metatrader.
Attached Image (click to enlarge)
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Quoting flias
Dear Alan Why I canīt put BEP Points lower than 10 points. In fact I put 8 points in the inputs then appears 10 in the metatrader. {image}
OK, i now understand the difference in profit figures.
BEP changes because your broker has a limit distance allowed for price. this also depends on the currency pair u are trading. EURAUD is not a major, and so may have larger minimum distance. i have experienced this as well with forex minors. to check you broker limit distance for a particular cross pair, slick f9 on ur laptop while on ur mt4, where you have instant execution/market execution, click on it n select pending order and at the botom you will see the minimum distance allowed for the pair u select. do this for EURAUD. i guess you'll see 10.
Quoting lime
How could this happen? {image}
Never count on easy money!
if it was so easy everyone would have earned on the ThinкForex )))
it's just luring customers!
first and foremost, many thanks to the developer of AmazingEA.
I would like to know if you have considered implementing Unix Epoch as the time to place pending orders, because at times, even with the help of MT4ticker, it miss the tick to place pending orders.
with Unix Epoch, it placed the pending orders at the absolute time.
I'm just hoping to see it implemented in the near future.
hi

I currently straddle the news manually, placing pending orders aroind 3 mins before the news release with huge success but going to delve into this EA more. Being able to set up my trade the night before is perfect.

How are other people getting on?
I almost gave up. I spent too much time facing brokers tricks (large spreads at news time, slippage, platform frozen etc.. etc... ). It is very hard to be profitable.

Good luck
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