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Straddle trading EA

  • #1,561
  • May 20, 2015 2:01am May 20, 2015 2:01am
Quoting Alan111S
{quote} Are you using the Brokers Clock? UseBrokerTime=True ? If so, maybe your brokers time is wrong. If not, your PC time is wrong. The trades deleted about 6-7 seconds after 15:30 so if your clock is 10 seconds wrong, you'd miss the move. Alan
Yes, I am. UseBrokerTime=True. My broker time is GMT. I saw it at Market Watch, and I am using indi BarClock,too. I think everything is fine, include my PC time (GMT+7). I will try your EA again in my live this afternoon when MPC Official Votes. Thanks Alan.

Cheers
Sena

Quoting Alan111S
{quote} The idea of PointsGap is to open trades 200 pips away at SecBPO seconds before the news and move them into the correct position (8 pips away) according to SecBAO seconds before the news. Trades get modified until SecBMO seconds before. If you don't want to use this feature set PointsGap=0 or SecBAO=SecBMO or SecBAO=0. Any of those will disable it. ModifyGap tells the EA to only modify if price moves more than 1 pip i.e it stops unnecessary small changes so the EA is ready for bigger price changes..... If the trades aren't moved you might...
Awesome!! Really like this idea/method
MAKE SURE you still can TRADE tomorrow
  • #1,562
  • May 20, 2015 3:47am May 20, 2015 3:47am
Hey guys

*noob alert*

Im having an issue with mt4 trader. when it comes to the time of execution, it does not go ahead and execute many of the trades. when I check the reports, I see it say 'deleted [no money]'

what could it possibly that is doing this?

im currently using a demo account. I also saw from the leverage that it is 1:100, I read somewhere this is bad, is it true?

other than, I'm really in love with the EA, thanks a million Alan
  • #1,563
  • May 20, 2015 3:53am May 20, 2015 3:53am
another question I have,

I am using the fxcm mt4 trader. im not too aware of the differences between the different traders out there. however when looking at my trade history, I am seeing so much profit being wiped away for 'commission'.

now could someone please give me their opinion on whether this broker is any good or would you recommend a different broker?

thanksss
  • #1,564
  • May 20, 2015 3:56am May 20, 2015 3:56am
Quoting Alan111S
{quote} Are you using the Brokers Clock? UseBrokerTime=True ? If so, maybe your brokers time is wrong. If not, your PC time is wrong. The trades deleted about 6-7 seconds after 15:30 so if your clock is 10 seconds wrong, you'd miss the move. Alan
Here's my live results after MPC Votes. And again, the EA cancelled all open orders. There's no one position at all. Why mate? I've re-check my pc time and my broker time and it seems normal. Everything's fine.

Quoting Alan111S
{quote} Are you using the Brokers Clock? UseBrokerTime=True ? If so, maybe your brokers time is wrong. If not, your PC time is wrong. The trades deleted about 6-7 seconds after 15:30 so if your clock is 10 seconds wrong, you'd miss the move. Alan
It's happened again with CAD news tonight, mate. Only opened and cancelled with eurcad. No open at all with usdcad. Some bugs or what?
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MAKE SURE you still can TRADE tomorrow
  • #1,565
  • May 20, 2015 7:54am May 20, 2015 7:54am
Quoting senanata
{quote} Here's my live results after MPC Votes. And again, the EA cancelled all open orders. There's no one position at all. Why mate? I've re-check my pc time and my broker time and it seems normal. Everything's fine. {quote} It's happened again with CAD news tonight, mate. Only opened and cancelled with eurcad. No open at all with usdcad. Some bugs or what? {image} {image}
Firstly, the text files that come with the EA explain how to find your logfiles. There are 3 logfiles (2 MT4 and 1 AmazingEA ) plus an AmazingEA tick record of all the prices.

Type in %APPDATA% to Windows Explorer and look at the MT4 directories under there.

But the last picture shows me the EA cancelled your GBPJPY and reopened them just before the newstime. I reckon this is due to the Maxspread feature which deletes the orders if the spread gets too high. You have it set on 6 pips. Set it to 0 to disable it. That is probably what is killing your orders.

As I said, the logfiles would tell you......

Alan
  • #1,566
  • May 20, 2015 11:15am May 20, 2015 11:15am
Quoting Alan111S
{quote} Firstly, the text files that come with the EA explain how to find your logfiles. There are 3 logfiles (2 MT4 and 1 AmazingEA ) plus an AmazingEA tick record of all the prices. Type in %APPDATA% to Windows Explorer and look at the MT4 directories under there. But the last picture shows me the EA cancelled your GBPJPY and reopened them just before the newstime. I reckon this is due to the Maxspread feature which deletes the orders if the spread gets too high. You have it set on 6 pips. Set it to 0 to disable it. That is probably what is killing...
You're my master, Alan!!! As you said, the logfiles told me
"MaxSpread Exceeded, MaxSpread: 60 Spread : 63" and "Deleting BuyStop and SellStop because STWAN expired, OrdersCondition=11".
but, what is the mean of parameter "OrdersCondition=11"?

but Alan, would you tell me about your settings? The settings most comfortable for you
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MAKE SURE you still can TRADE tomorrow
  • #1,567
  • May 20, 2015 12:56pm May 20, 2015 12:56pm
Quoting senanata
{quote} You're my master, Alan!!! As you said, the logfiles told me "MaxSpread Exceeded, MaxSpread: 60 Spread : 63" and "Deleting BuyStop and SellStop because STWAN expired, OrdersCondition=11". but, what is the mean of parameter "OrdersCondition=11"? but Alan, would you tell me about your settings? The settings most comfortable for you {image}
OrdersCondition=11 just means there is a Buy Stop and Sell Stop open. It's a memory for the EA to keep track of what orders are where.

I wouldn't worry about my settings. Everybody trades differently. Yours looked fine .....

Good luck.....
  • #1,568
  • May 20, 2015 9:09pm May 20, 2015 9:09pm
Quoting Alan111S
{quote} OrdersCondition=11 just means there is a Buy Stop and Sell Stop open. It's a memory for the EA to keep track of what orders are where. I wouldn't worry about my settings. Everybody trades differently. Yours looked fine ..... Good luck.....
Well...at least, share your experience using this EA, include your fav settings. No matter profit or loss
MAKE SURE you still can TRADE tomorrow
  • #1,569
  • Edited 10:58am May 21, 2015 6:06am | Edited 10:58am
good thread
  • #1,570
  • May 21, 2015 7:49am May 21, 2015 7:49am
I noticed something very interesting. For the unemployment news, the system time on the EA froze 20 seconds before the news came out. The price on the chart was still moving so I found this really strange. This resulted in my pending order not being modified in time to be closer to the current price a couple seconds before the news came out. I figure that this was the reason some of my other trades were not modified either.

What could be the cause of this and how can I fix it?
  • #1,571
  • May 21, 2015 8:23am May 21, 2015 8:23am
Quoting dcblair
I noticed something very interesting. For the unemployment news, the system time on the EA froze 20 seconds before the news came out. The price on the chart was still moving so I found this really strange. This resulted in my pending order not being modified in time to be closer to the current price a couple seconds before the news came out. I figure that this was the reason some of my other trades were not modified either. What could be the cause of this and how can I fix it?
I see you might have a bit of coding knowledge......the init routine runs when the EA is attached to a chart and deinit when the timeframe changes or the EA is detached.

The start routine which has the bulk of the code in it only runs when it receives a Price tick. If the broker doesn't send any price ticks, the EA won't run and even timers etc don't work. They use logic like is the current second of the day greater than the second of the news less SecBPO for example. If there's no ticks for 20 seconds then the answer will be no and the EA won't do anything.

The easiest option is to find and use another broker. An alternative is to install a program called MT4Ticker. What this does is echos the last price every 500ms or whatever you set it to. The result of that is the EA will run every 500ms. But......

The problem is that the prices the EA thinks are right may be incorrect causing errors in the EA and then the trades if they get entered may get a lot of slippage. So changing brokers is the best option. I don't normally recommend brokers, as it is a personal decision depending on where in the world you live etc. but I stay clear of any country I would be worried to visit

Alan
  • #1,572
  • May 21, 2015 8:31am May 21, 2015 8:31am
Quoting Alan111S
{quote} I see you might have a bit of coding knowledge......the init routine runs when the EA is attached to a chart and deinit when the timeframe changes or the EA is detached. The start routine which has the bulk of the code in it only runs when it receives a Price tick. If the broker doesn't send any price ticks, the EA won't run and even timers etc don't work. They use logic like is the current second of the day greater than the second of the news less SecBPO for example. If there's no ticks for 20 seconds then the answer will be no and the...
LOL. I like that advice. Thanks. I will start looking around to see if I can find a better broker.
  • #1,573
  • May 21, 2015 2:58pm May 21, 2015 2:58pm
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  • #1,574
  • May 21, 2015 4:04pm May 21, 2015 4:04pm
on average how much slippage should i expect on NFP, i know it depends on broker and many factors, but on average how much should i expect if i trade majors?
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #1,575
  • May 22, 2015 1:22am May 22, 2015 1:22am
Quoting Soros
on average how much slippage should i expect on NFP, i know it depends on broker and many factors, but on average how much should i expect if i trade majors?
10 pips
  • #1,576
  • May 22, 2015 2:17am May 22, 2015 2:17am
anybody else like to comment?
I am what Many Dream to be but only a few can achieve, im a part of the 1%
  • #1,577
  • May 22, 2015 3:21am May 22, 2015 3:21am
Good morning, you want an answer from a person who makes news by 6-7 years? .
yesterday gave the gbp

tickmill 35 pips slippage
tradenext 44 pips slippage
svsfx 30 pips slippage
hotforex offquote
XTB offquote
etx 25 pips slippage
xglobal 22 pips slippage
swissquote 27 pips slippage
fxprimus 29 pips slippage
JFD 35 pips slippage
trader trust 44 pips slippage -very bad price
ig markets off quote BMF 30 pips slippage
pepperstone razor 33 pips slippage
  • #1,578
  • May 22, 2015 3:28am May 22, 2015 3:28am
10 pips on the NFP are unrealistic, perhaps for the first trade with a new broker, you use the straddle or a autoclick, the difference of the execution price is the same,the price of the liquidity provider at the time of the news, then to equal performance, is better autoclick are unsure of the right direction,the straddle is fine report on central banks and on AUD and NZD news
regards
  • #1,579
  • May 22, 2015 8:06am May 22, 2015 8:06am
Quoting ivan pozzobo
10 pips on the NFP are unrealistic, perhaps for the first trade with a new broker, you use the straddle or a autoclick, the difference of the execution price is the same,the price of the liquidity provider at the time of the news, then to equal performance, is better autoclick are unsure of the right direction,the straddle is fine report on central banks and on AUD and NZD news regards
I agree with you, on AUD, it is OK but on GBP, there is a big gap most of the time, on NZD, the spread are very high
  • #1,580
  • May 22, 2015 6:12pm May 22, 2015 6:12pm
Hi team,
I've been testing this EA for a couple of weeks. Currently running it live and compiling a list of news events it seems to react best to (though not taking into account the actual content of what is presented during those events). I guess the hardest part is dealing with spread and slippage, simply due to the nature of how we're trading. I've stopped using the breakeven feature because it seems to take me out despite price not moving the required distance (is the BE tuned to allow for the entry price affected by slippage?)

I feel it is relatively safe to test live however, as the stops are tight and do little damage and the profits can ride.

Can someone maybe offer a suggestion as to what happened here, and how I could perhaps adjust settings to avoid it happening in the future? Last night's core sales, EURUSD and USDCAD gave a beautiful ride to whatever TP you happen to choose (EU chart shown below) but EURCAD lost its mind, initiating a buy which hit the 100 point SL (fair enough) and then a sell which also somehow hit the SL, despite OCO being turned on. (trade also shown below) Did it all happen too fast to remove the pending sell? It just looked like such a good opportunity for a trade, I'm wondering how to adjust settings to make sure we get in on these in the future.

(sorry, couldn't post the set file for some reason...)
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