Straddle trading EA | Page 67 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

News Trading - Straddle 11 replies

Which Broker for News Straddle trading? 9 replies

Trading the news - straddle entries on GBPUSD 1 reply

Straddle technique for news announcement? 9 replies

Request: Reverse Straddle 1 reply

Attachments: Straddle trading EA
Exit Attachments

Straddle trading EA

  • #1,321
  • Nov 27, 2014 9:59pm Nov 27, 2014 9:59pm
hi Jakeparkin,

i am doing it manually too.

what's the distance you use to enter into a trade? i am taking 10pips distance to establish a buy stop/sell stop.

cheers.
  • #1,322
  • Nov 28, 2014 1:48am Nov 28, 2014 1:48am
Quoting judysfriend
hi Jakeparkin, i am doing it manually too. what's the distance you use to enter into a trade? i am taking 10pips distance to establish a buy stop/sell stop. cheers.
Hi, great to see someone else doing this manually and havin success (I hope). I go wider than that to be honst, between 12 and 15 pips. What do you use as a take profit?

Thanks
  • #1,323
  • Nov 28, 2014 2:39am Nov 28, 2014 2:39am
i am doing a 2:1 ratio... using ATR to set stop loss and take profit.

cheers
  • #1,324
  • Dec 4, 2014 4:19am Dec 4, 2014 4:19am
Quoting totowah
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
Do you still use straddle??
  • #1,325
  • Edited 4:54am Dec 4, 2014 4:34am | Edited 4:54am
hellow allan
after 6 years of losing in fx market
FINAALY thanks to you im profiting
(and my wife stoped to hate me)

i got in 4 months - 250%
thank you thank you thank you thank you
now may i ask you if you have a way to fill the ea settings (date, time) automaticly from an excel file wich consist a list of the news I want to trade?

another wish: there is a way to hide the ea orders from the broker?
thousands thanks
quiet.
  • #1,326
  • Dec 7, 2014 2:48pm Dec 7, 2014 2:48pm
What do you guys have to say about this http://forums.babypips.com/newbie-is...aders-mt4.html

Could the solution be put into the straddle ea?

thanks

TM
  • #1,327
  • Dec 7, 2014 7:22pm Dec 7, 2014 7:22pm
thats roiccool maintain session EA.. it reduce your execution time 500ms

http://www.forexfactory.com/showthread.php?t=337102
  • #1,328
  • Dec 8, 2014 7:03pm Dec 8, 2014 7:03pm
Quoting quiet
hellow allan after 6 years of losing in fx market FINAALY thanks to you im profiting (and my wife stoped to hate me) i got in 4 months - 250% thank you thank you thank you thank you now may i ask you if you have a way to fill the ea settings (date, time) automaticly from an excel file wich consist a list of the news I want to trade? another wish: there is a way to hide the ea orders from the broker? thousands thanks quiet.
Well done. Just be careful your broker will let you withdraw!

I used to use an Excel File with each news on 1 row and each parameter in 1 column. On another sheet I copied 1 row and pasted using the Transpose option to change into a column of settings, then copy/paste into a Set file.

Unfortunately there is no way to hide the Pending Orders - I tried before to make an EA that used 'Virtual' Pending Orders where if a level was crossed you placed a Market Order, but it didn't work fast enough and in a fast market orders were rejected etc.
  • #1,329
  • Dec 8, 2014 7:07pm Dec 8, 2014 7:07pm
Quoting tjdm1980
What do you guys have to say about this http://forums.babypips.com/newbie-is...aders-mt4.html Could the solution be put into the straddle ea? thanks TM
This function already exists in the EA. One of the reasons I setup the PointsGap option is so that orders can be opened 20-30 seconds before the news and kept far away to prevent whipsaw spikes activating them early. The constant modifying of the orders keeps the terminal alive and prevents the issue where you have to be reauthenticated.
  • #1,330
  • Dec 8, 2014 7:58pm Dec 8, 2014 7:58pm
Quoting Alan111S
{quote} Well done. Just be careful your broker will let you withdraw! I used to use an Excel File with each news on 1 row and each parameter in 1 column. On another sheet I copied 1 row and pasted using the Transpose option to change into a column of settings, then copy/paste into a Set file. Unfortunately there is no way to hide the Pending Orders - I tried before to make an EA that used 'Virtual' Pending Orders where if a level was crossed you placed a Market Order, but it didn't work fast enough and in a fast market orders were rejected etc.


Alan, I am just curious. What do you mean by "Just be careful your broker will let you withdraw"?

Do you mind to share more about your experience in this?

Cheers
  • #1,331
  • Dec 8, 2014 8:17pm Dec 8, 2014 8:17pm
Quoting judysfriend
{quote} Alan, I am just curious. What do you mean by "Just be careful your broker will let you withdraw"? Do you mind to share more about your experience in this? Cheers
Some brokers will use any excuse to refuse withdrawals. Like, you traded on 'invalid' prices etc. I haven't experienced this personally but I think it depends on the amounts and how you are operating the account.

For example, you fund 10K and within 2 weeks make 15K, then withdraw all of it, then fund 20K but this time make 30K and withdraw all again.

The broker is likely to be alarmed by this and even just messing you about withdrawing might be enough to scare you away.....

On the other hand if you fund 5K and make 10K over the period of a year, I doubt anything would happen !

Have a look at the Forex Peace Army website, there are plenty of stories on there.

Alan
  • #1,332
  • Dec 11, 2014 11:40am Dec 11, 2014 11:40am
[quote=Alan111S;7929361]{quote} Well done. Just be careful your broker will let you withdraw! I used to use an Excel File with each news on 1 row and each parameter in 1 column. On another sheet I copied 1 row and pasted using the Transpose option to change into a column of settings, then copy/paste into a Set file.


thank you Alen
but
what do you mean "a set file"?
and who is your recommended broker?
  • #1,333
  • Dec 15, 2014 8:14pm Dec 15, 2014 8:14pm
[quote=Alan111S;7929361]{quote} Well done. Just be careful your broker will let you withdraw!

yes alan you are right ........my friend has experience about that in last few days. he is trade with insta forex using amazing EA ....
they provided one of account specially for scalpers and it is zero spread (eurica)my friend deposited 500 usd and while last NFP
he made 120 usd profit
but insta fx didn't allow to withdraw profit and removed his profit from trading account .......asking by costomer care and
they replied by mail : "you have traded with invalid price"

and instafx suggest to not to modify pending order before 5 minute in expected time
  • #1,334
  • Dec 16, 2014 7:10am Dec 16, 2014 7:10am
Hi all!
Alan, thanks for the AmazingEA!
It's wonderful!
Though the problem of slippages is so bad. It can ruin it all.
I was just wondering, do you know of an EA that instead of pending orders can execute market orders
(say when the 1m or 1sec candle of the release time has moved a certain amount of pips)?
It could solve the slippages

*to anyone who doesn't know: in market orders we can control slippages. In pending orders we cannot
  • #1,335
  • Dec 16, 2014 9:52am Dec 16, 2014 9:52am
Quoting Pupsik
Hi all! Alan, thanks for the AmazingEA! It's wonderful! Though the problem of slippages is so bad. It can ruin it all. I was just wondering, do you know of an EA that instead of pending orders can execute market orders (say when the 1m or 1sec candle of the release time has moved a certain amount of pips)? It could solve the slippages *to anyone who doesn't know: in market orders we can control slippages. In pending orders we cannot
hi Pupsik.
Slippage often occurs in buy stop or sell stop, trailing stop, stop loss and market orders !!
But slippage almost never happens in the limit orders (buy limit or sell limit including Take Profit). If there is slippage in the limit order then it will give additional profit to trader.
The cause of Slippage:
• gap
• illiquid / big volatility / large volume of current news events.
• price manipulation by certain Dealing Desk brokers / Market Maker (not by ECN / STP / NDD brokers).
  • #1,336
  • Dec 16, 2014 12:08pm Dec 16, 2014 12:08pm
Quoting drBBMM
{quote} hi Pupsik. Slippage often occurs in buy stop or sell stop, trailing stop, stop loss and market orders !! But slippage almost never happens in the limit orders (buy limit or sell limit including Take Profit). If there is slippage in the limit order then it will give additional profit to trader. The cause of Slippage: • gap • illiquid / big volatility / large volume of current news events. • price manipulation by certain Dealing Desk brokers / Market Maker (not by ECN / STP / NDD brokers).
Thank you for the answer! Limit orders cannot help us in anyway because most of us try to buy the price that is moving up and sell the price that is moving down. Only stop orders can do that.
Of course slippage can occur in any kind of order but what I was saying is that in market orders we can prevent it (setting the maximum deviation. It prevents opening the position in case of the slippage being larger than we set). While in pending orders we cannot set such max deviation.
  • #1,337
  • Dec 16, 2014 4:02pm Dec 16, 2014 4:02pm
Quoting Pupsik
{quote} Thank you for the answer! Limit orders cannot help us in anyway because most of us try to buy the price that is moving up and sell the price that is moving down. Only stop orders can do that. Of course slippage can occur in any kind of order but what I was saying is that in market orders we can prevent it (setting the maximum deviation. It prevents opening the position in case of the slippage being larger than we set). While in pending orders we cannot set such max deviation.

for this you have the 'max slipage' in amazing ea
  • #1,338
  • Edited 1:45am Dec 17, 2014 1:20am | Edited 1:45am
Quoting quiet
{quote} for this you have the 'max slipage' in amazing ea
"max slippage" in the AmazingEA does not prevent the order from going live. It only reduces the loss in case slippage occurs - moving the SL to the allowed minimum. In means we need either heavily control the spread or not add the SL to it. In case the spread gets huge and the SL is added to it we can lose much money even with the min SL.
To make it short, I wish someone could make an ea with market orders. And even better: for mt5 + with market orders. I was using Alparis MT5 live account for about a month and was never slipped. It has "fill or kill" order. I was trading up to 0.4 lots.
  • #1,339
  • Dec 17, 2014 9:50pm Dec 17, 2014 9:50pm
Quoting Pupsik
{quote} "max slippage" in the AmazingEA does not prevent the order from going live. It only reduces the loss in case slippage occurs - moving the SL to the allowed minimum. In means we need either heavily control the spread or not add the SL to it. In case the spread gets huge and the SL is added to it we can lose much money even with the min SL. To make it short, I wish someone could make an ea with market orders. And even better: for mt5 + with market orders. I was using Alparis MT5 live account for about a month and was never slipped. It has...
Amazing Straddle EA can't be changed to be market orders, but it can be changed to be straddle limit orders which is totally different in the way it works. Straddle limit EA can only be used in news events that reverses right away after moving certain pips.
  • #1,340
  • Dec 18, 2014 4:05am Dec 18, 2014 4:05am
Quoting drBBMM
{quote} Amazing Straddle EA can't be changed to be market orders, but it can be changed to be straddle limit orders which is totally different in the way it works. Straddle limit EA can only be used in news events that reverses right away after moving certain pips.
You mean like employment etc with conflicts. Great idea! How do you change this ea to make limit orders instead of stops? Need to manipulate the code?
0 traders viewing now