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Straddle trading EA

  • #1,421
  • Mar 4, 2015 5:02pm Mar 4, 2015 5:02pm
Hi all

Did anybody use Amazing EA to trade CAD Interest Rate Decision yesterday. If so, can you attach the Log File and the Ticks File to the thread. It doesn't matter what currency you used but I'm particularly interested in GBPCAD or USDCAD. If the Forum won't allow you to attach, just zip them together into a zipfile.

Many Thanks

Alan
  • #1,422
  • Mar 4, 2015 5:11pm Mar 4, 2015 5:11pm
Hi all again

I'm also interested to hear from anybody who used FNG on the CAD Interest Rate Decision and what kind of results they got.

Alan
  • #1,423
  • Mar 4, 2015 5:28pm Mar 4, 2015 5:28pm
Quoting Alan111S
Hi all again I'm also interested to hear from anybody who used FNG on the CAD Interest Rate Decision and what kind of results they got. Alan
i did, and nothing happend because the interest rate was the same
i lose money for a living
  • #1,424
  • Mar 4, 2015 5:31pm Mar 4, 2015 5:31pm
Quoting wakeel86
{quote} Usually I don't straddle cad gdp, I use FNG for that. Buh when I do straddle a news, I go for a SL of 30pips & 8pips Points Away from bid/ask. So you'll have to tailor your lot size to suit a 30pip SL. (Though most times my SL isn't hit as long as spread isn't crazy) Also, I use 8pip Break Even, which moves my SL to BE+1. When the news candle closes & I'm in -ve territory or my BE hasn't been triggered, I close the trade manually (not worth the wait hoping for a further push IMHO if initial spike can't trigger my BE) Or if I'm in +ve territory,...
thanks mate, i appreciate.
i'm gonna stop with Amazing EA for now, or at least use it to trade on only one side. reversal are a pain in the butt.
i lose money for a living
  • #1,425
  • Mar 4, 2015 5:35pm Mar 4, 2015 5:35pm
Quoting Alan111S
Hi all again I'm also interested to hear from anybody who used FNG on the CAD Interest Rate Decision and what kind of results they got. Alan
I did with the suggested dev of +/- 0.25 but no trigger as the dev was actually 0.00.

I'll be testing AmazingEA with a pre-news time setting of say 2 min before and try getting 50 to 10 points.
FxPro fixed spread account real requotes often at exact news time, hence the pre-news entry attempt.

I remember someone has mentioned about such, but my memory has gone as to what was the setting was for that trial. If anyone can help with it that would be appreciated.

Toppo
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-03-05 06_54_16-400089_ FxPro.com-Real04 - [USDCAD.fix,M1].png Size: 73 KB
  • #1,426
  • Mar 4, 2015 5:59pm Mar 4, 2015 5:59pm
Quoting tylerbose
{quote} i did, and nothing happened because the interest rate was the same
You can setup FNG to trade if the Rate stays the same. After the previous cut the market was hoping for another one - hence why price spiked up just before. I was short USDCAD already from 1.2575 and 1.2525. But I tried to add a GBPCAD Sell using a Limit Order (as I knew it might spike upwards) and missed filling the trade by 4 pips.

Looking at charts is useful but only shows you the Bid price - I want to know where Ask got to and that's why I want the Ticks file. If somebody had AmazingEa loaded - even if not configured to trade then they would have a Ticks file available.

Alan
  • #1,427
  • Mar 5, 2015 3:05am Mar 5, 2015 3:05am
Quoting Alan111S
{quote} You can setup FNG to trade if the Rate stays the same. After the previous cut the market was hoping for another one - hence why price spiked up just before. I was short USDCAD already from 1.2575 and 1.2525. But I tried to add a GBPCAD Sell using a Limit Order (as I knew it might spike upwards) and missed filling the trade by 4 pips. Looking at charts is useful but only shows you the Bid price - I want to know where Ask got to and that's why I want the Ticks file. If somebody had AmazingEa loaded - even if not configured to trade then they...
Alan111S Can adviser to adapt this strategy? The strategy is very simple.
But as practice shows, it is profitable and it's not 20% per annum.

The essence is simple:
1. Create 2 Deposit with the same amount at different brokers with fixed spreads and together 500 or 1000
2. Updated by the same amount.
3. Choose a very powerful news(Non-Farm Payrolls, etc.). Well I remember was chosen 8 news in the month.
4. For 10-15 seconds before news open for one deal in different directions on different accounts so a lot that your Deposit was sufficient for 10 points of movement!
5. If the news shoots and the price is 30 points or more. you for the first 10 items cover the expenses of other bills + 5 points spread. All that is more than 15 points of movement at every 10 points will give + Deposit profit!


The great advantage of this strategy is that it can be used on ECN and you will not say that you are a scalper!
Why such a strategy, well the most important thing is that there are no stops. Next stop out you will not go anywhere))))

Alan111S Can adviser to adapt this strategy?
  • #1,428
  • Mar 5, 2015 3:35am Mar 5, 2015 3:35am
I joined HOT-FOREX 2DAYS AGO and up till now I have not been allowed to trade a single news...I keep getting off-quote error message when my pending order is about to be placed.
  • #1,429
  • Mar 5, 2015 4:53am Mar 5, 2015 4:53am
Quoting Alan111S
{quote} You can setup FNG to trade if the Rate stays the same. After the previous cut the market was hoping for another one - hence why price spiked up just before. I was short USDCAD already from 1.2575 and 1.2525. But I tried to add a GBPCAD Sell using a Limit Order (as I knew it might spike upwards) and missed filling the trade by 4 pips. Looking at charts is useful but only shows you the Bid price - I want to know where Ask got to and that's why I want the Ticks file. If somebody had AmazingEa loaded - even if not configured to trade then they...
trading on 0 deviation is risky, the market most likely won't move enough to cover the spread.

also check this out, it seems to be what you're looking for, it may help in the future.
http://www.forexfactory.com/showthread.php?t=528549
i lose money for a living
  • #1,430
  • Mar 5, 2015 4:55am Mar 5, 2015 4:55am
Quoting tomaxzyn
I joined HOT-FOREX 2DAYS AGO ......
why did you do that ?
i lose money for a living
  • #1,431
  • Mar 5, 2015 5:08am Mar 5, 2015 5:08am
What inputs should be used to trade todays ecb news in about 3 hours time from now?
  • #1,432
  • Mar 5, 2015 6:55am Mar 5, 2015 6:55am
Quoting Alan111S
{quote} You can setup FNG to trade if the Rate stays the same. After the previous cut the market was hoping for another one - hence why price spiked up just before. I was short USDCAD already from 1.2575 and 1.2525. But I tried to add a GBPCAD Sell using a Limit Order (as I knew it might spike upwards) and missed filling the trade by 4 pips. Looking at charts is useful but only shows you the Bid price - I want to know where Ask got to and that's why I want the Ticks file. If somebody had AmazingEa loaded - even if not configured to trade then they...
Alan
why is "points Gap" relevant in the latest version. I have set it to 2000. What purpose will it serve?
  • #1,433
  • Mar 5, 2015 8:32am Mar 5, 2015 8:32am
Quoting tylerbose
{quote} why did you do that ?
meaning??
  • #1,434
  • Mar 6, 2015 12:19am Mar 6, 2015 12:19am
Alan
Can you share the best inputs that you are using for the amazing EA in the latest version please.
  • #1,435
  • Mar 7, 2015 2:21am Mar 7, 2015 2:21am
Quoting lime
{quote} Alan111S Can adviser to adapt this strategy? The strategy is very simple. But as practice shows, it is profitable and it's not 20% per annum. The essence is simple: 1. Create 2 Deposit with the same amount at different brokers with fixed spreads and together 500 or 1000 2. Updated by the same amount. 3. Choose a very powerful news(Non-Farm Payrolls, etc.). Well I remember was chosen 8 news in the month. 4. For 10-15 seconds before news open for one deal in different directions on different accounts so a lot that your Deposit was sufficient for 10 points of movement! 5. If the news shoots and the price is 30 points or more. you for the first 10 items cover the expenses of other bills + 5 points spread. All that is more than 15 points of movement at every 10 points will give + Deposit profit! The great advantage of this strategy is that it can be used on ECN and you will not say that you are a scalper! Why such a strategy, well the most important thing is that there are no stops. Next stop out you will not go anywhere)))) Alan111S Can adviser to adapt this strategy?
Attached Image (click to enlarge)
Click to Enlarge Name: b1c8ba36a125e83f00ee61caf3d2a817.png Size: 174 KB
  • #1,436
  • Mar 7, 2015 1:57pm Mar 7, 2015 1:57pm
Lol.

Quoting tylerbose
{quote} why did you do that ?
  • #1,437
  • Mar 9, 2015 6:26am Mar 9, 2015 6:26am
Quoting lime
{quote} {image}
Hey, I get what you are saying - a few guys on here have used the same strategy. The EA can't easily be adapted to this strategy.

It may be possible to write such a new EA using the same coding techniques though.

Alan
  • #1,438
  • Mar 9, 2015 6:32am Mar 9, 2015 6:32am
Quoting Alan111S
{quote} Hey, I get what you are saying - a few guys on here have used the same strategy. The EA can't easily be adapted to this strategy. It may be possible to write such a new EA using the same coding techniques though. Alan
In my experience, though, only market makers offer fixed spreads and will often give requotes during fast markets. So most would prefer to use floating spreads from an ECN rather than risk their order being rejected or using a market maker who refuses to allow withdrawals.

Alan
  • #1,439
  • Mar 9, 2015 8:23am Mar 9, 2015 8:23am
Quoting Alan111S
{quote} In my experience, though, only market makers offer fixed spreads and will often give requotes during fast markets. So most would prefer to use floating spreads from an ECN rather than risk their order being rejected or using a market maker who refuses to allow withdrawals. Alan
Alan, your Advisor will need to add the ability to open a market order, and in different terminals to open them in different directions.
  • #1,440
  • Mar 9, 2015 8:35am Mar 9, 2015 8:35am
alan
when the ea stops modifying, the "add spread to sl" stops also?
e.g. sl 10 pips+ spread, and than the spread grows to 15 pips - the order will close?
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