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AmazingEA: Straddle Trading Expert Advisor

  • #21
  • Edited 6:38am May 28, 2015 2:57am | Edited 6:38am
Quoting Alan111S
{quote} Great questions. The EA finds out what the minimum distance is for Pending Orders, so if you set PointsAway to 0, it would automatically set 30 if that is what you Broker has set as a minimum distance. You can set ModifyGap to 1, but in reality 0 is the same as this is the minimum distance the Price has to move to be modified. However, I would strongly advise against this. The reason is that it takes a few hundred milliseconds to modify a trade. Let's say you use PointsAway=100, and we are 5 seconds before the news time. If price changes...
"It also works out the Slippage value." I didn't understand. Please give me an example. I set secBAO = 5 , Sometimes It dose't work. If I set 30 or more then it works perfectly.

See my attached file and can you explain it?
Attached Image (click to enlarge)
Click to Enlarge Name: Order.PNG Size: 7 KB
Attached File(s)
File Type: docx Log file.docx   13 KB | 449 downloads
  • #22
  • May 28, 2015 8:00am May 28, 2015 8:00am
Quoting showrov
{quote} "It also works out the Slippage value." I didn't understand. Please give me an example. I set secBAO = 5 , Sometimes It dose't work. If I set 30 or more then it works perfectly. See my attached file and can you explain it? {image} {file}
Hmmm....in your log "2015.05.28 11:30:03 Slippage of Sell Order was 166" is what I mean.

I can't get all your settings but given your questions before you used Min PointsAway, 20 pip SL, SlipCheck=True and MaxSlippage=0

It's

a) Fairly Slow
b) Price was jumpy !
c) Spread was about 15 pips
c) With such jumpy price action, and PointsAway set to Minimum you're getting "Invalid Stops". What that means is by the time the EA goes to modify the trade the spread has increased slightly and you are now within the minimum distance. I would increase PointsAway to 50 or more to counteract that. 20 Points in Pointsaway won't make any difference to how much Slippage you get. UK GDP should be about 80 for Pointsaway.

SecBAO=5 gives only 5 seconds to bring the orders close to current price. If you are getting "Invalid Stops" Errors, this won't be long enough. With no errors it might work.

The trade got stopped out because the SL Reset takes a bit of time to update but due to the Slippage of 16 pips, your 20 pip SL was too close.
  • #23
  • Edited 9:17am May 28, 2015 8:57am | Edited 9:17am
Quoting Alan111S
{quote} Hmmm....in your log "2015.05.28 11:30:03 Slippage of Sell Order was 166" is what I mean. I can't get all your settings but given your questions before you used Min PointsAway, 20 pip SL, SlipCheck=True and MaxSlippage=0 It's a) Fairly Slow b) Price was jumpy ! c) Spread was about 15 pips c) With such jumpy price action, and PointsAway set to Minimum you're getting "Invalid Stops". What that means is by the time the EA goes to modify the trade the spread has increased slightly and you are now within the minimum distance. I would increase...
How can you find spread was about 15 pips? Will you give me some settings for this EA to trade different news . How can I understand slippage is positive or negative by log file?
  • #24
  • May 29, 2015 8:02am May 29, 2015 8:02am
CAD GDP 29-May-2015
1st: FNG Spike 2nd: Straddle

Attached Image (click to enlarge)
Click to Enlarge Name: CAD GDP 29-May-2015.PNG Size: 11 KB
  • #25
  • May 29, 2015 8:19am May 29, 2015 8:19am
Quoting wakeel86
CAD GDP 29-May-2015 1st: FNG Spike 2nd: Straddle {image}
i was spilled by 117 pips and that is why i loss. but my broker promised me that i will not experience any spillage. which broker is friendly.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 42 KB
  • #26
  • May 29, 2015 8:39am May 29, 2015 8:39am
Quoting GreenCa
{quote} i was spilled by 117 pips and that is why i loss. but my broker promised me that i will not experience any spillage. which broker is friendly. {image}

What is your broker, friend?
  • #27
  • May 29, 2015 8:44am May 29, 2015 8:44am
Quoting wakeel86
CAD GDP 29-May-2015 1st: FNG Spike 2nd: Straddle {image}
Morning, is this a demo account? Thanks.
  • #28
  • May 29, 2015 7:48pm May 29, 2015 7:48pm
Quoting GreenCa
{quote} i was spilled by 117 pips and that is why i loss. but my broker promised me that i will not experience any spillage. which broker is friendly. {image}
Firstly, you experienced 117 points slippage which is actually 11.7 pips. By the way, Brokers ***always*** say you won't experience Slippage but most of those Customer Service guys don't trade and even if they do they never trade at News times, so don't believe them. The proof is in the Live Trading......

Secondly, by choosing EURUSD as a currency pair, you were trading the US GDP (Preliminary). The Prelim is actually the second reading of GDP and although there were some revisions the result is fairly well known. Each quarter, it goes US Advance -> US Preliminary -> US Final. The Advance one has the most impact.

So you only lost by the fact that the push down in EURUSD was quickly reversed.

In fact you would have been much better off trading CAD GDP which surprised the market by how bad it was.

I'm interested why there were quite a few errors in your logfile. It's hard to test the EA during a Slippage situation because I have to do a Live trade to test it.

So, if you can, could you zip up all your logs (AmazingEA*.log and AmazingEA-Ticks*.log ) and the 2 that are called 20150529.log. If they are in a Zipfile , you can use the Attach Files .... Upload From Computer option available when you go to Post a New Reply ....
  • #29
  • May 29, 2015 8:01pm May 29, 2015 8:01pm
Quoting showrov
{quote} How can you find spread was about 15 pips? Will you give me some settings for this EA to trade different news . How can I understand slippage is positive or negative by log file?
I could tell by the prices. The slippage calculation is based on when you set TP to be 100pips for example if it is then 95 after the trade goes live it means you were slipped by 5 pips......

I would trade using the defaults except for MaxSpread which I have changed the default to 0.
  • #30
  • May 30, 2015 4:43am May 30, 2015 4:43am
Quoting joaoflores
{quote} Morning, is this a demo account? Thanks.
Not demo, Live trades.
  • #31
  • May 30, 2015 3:52pm May 30, 2015 3:52pm
Quoting Alan111S
{quote} Firstly, you experienced 117 points slippage which is actually 11.7 pips. By the way, Brokers ***always*** say you won't experience Slippage but most of those Customer Service guys don't trade and even if they do they never trade at News times, so don't believe them. The proof is in the Live Trading...... Secondly, by choosing EURUSD as a currency pair, you were trading the US GDP (Preliminary). The Prelim is actually the second reading of GDP and although there were some revisions the result is fairly well known. Each quarter, it goes US...
not sure of the log file you require but this is all you may need. thank you ALAN
Attached File(s)
File Type: zip AmazingEA-EURUSD.zip   160 KB | 1,186 downloads
  • #32
  • Jun 1, 2015 1:55am Jun 1, 2015 1:55am
Quoting GreenCa
{quote} not sure of the log file you require but this is all you may need. thank you ALAN {file}
OK, in your zip you managed to give me one of the files with the date as the name (20150529.log). There is actually 2 of them - one for Metatrader itself and one for EAs.

But I was still able to see most of what was going on (or not as in your case).

Obviously, the sell stop trade was set to 1.09689
The tick file shows that price was achieved here:-
2015.05.29 15:30:02 ,1.09687,1.09708,21

At 15:30:08 the EA wants to delete both Buy and Sell Stop Orders:-
2015.05.29 15:30:08 Deleting BuyStop and SellStop because STWAN expired, OrdersCondition=11

From the other log this already happened:-
13:30:07.492 AmazingEA EURUSD,M1: delete #8282324 buy stop 0.01 EURUSD at 1.09870 sl: 1.09649 tp: 1.10170 ok
At 15:30:09 it manages to delete the Buy Stop:-
2015.05.29 15:30:09 DeleteBuyStop, OrderDelete Executed

The time difference is weird, as there shouldn't be a difference

Between 15:30:09 and 15:30:13, MT4 is showing that the Sell Stop still exists. The 'Off Quotes' error message is typical of a Market Maker broker who is manipulating when you can and can't trade.
After 15:30:13, the EA can see the Sell Order and manages to reset the SL and TP on the trade first go, then after 15:30:14 there are more errors where the EA can't get the right info for the trade.
So it took over 10 seconds for the Sell trade to 'appear' and you had 12 pips 'slippage' on 0.01 lots.
They are manipulating the system and executing orders very slowly. Maybe their servers are overloaded?
So all in all, this is not a good broker to use the EA with.

Alan
  • #33
  • Jun 1, 2015 2:03am Jun 1, 2015 2:03am
hello alan could you tell me what's the difference between BeOffset and BePoints ?

*towards GBP PMI news,anyone trade this??
usually spiked about 30 pips
  • #34
  • Jun 1, 2015 2:17am Jun 1, 2015 2:17am
Quoting cecakrowo
hello alan could you tell me what's the difference between BeOffset and BePoints ? *towards GBP PMI news,anyone trade this?? usually spiked about 30 pips
The Offset covers commissions etc. In reality if you don't care about that just use BEPoints.

Alan
  • #35
  • Jun 1, 2015 2:31am Jun 1, 2015 2:31am
Quoting Alan111S
{quote} The Offset covers commissions etc. In reality if you don't care about that just use BEPoints. Alan
example : the minimum stops for my broker is 5 pips ,so i set the BEPoints 5 pips
then the stop loss will be moved to my "zero" profit-loss after my trade profit 5 pips,right?
  • #36
  • Jun 1, 2015 4:33am Jun 1, 2015 4:33am
Quoting Alan111S
{quote} OK, in your zip you managed to give me one of the files with the date as the name (20150529.log). There is actually 2 of them - one for Metatrader itself and one for EAs. But I was still able to see most of what was going on (or not as in your case). Obviously, the sell stop trade was set to 1.09689 The tick file shows that price was achieved here:- 2015.05.29 15:30:02 ,1.09687,1.09708,21 At 15:30:08 the EA wants to delete both Buy and Sell Stop Orders:- 2015.05.29 15:30:08 Deleting BuyStop and SellStop because STWAN expired, OrdersCondition=11...
I cannot thank you enough. i traded the gbp manufactuturing PMI news this morning successfully with 20 pip gain and i cannot see any spillage in my log this time. my broker is ironfx.com if they are not good, please can you make recommendations.
Attached File(s)
File Type: zip AmazingEA-GBPUSD.zip   9 KB | 751 downloads
  • #37
  • Jun 1, 2015 6:10am Jun 1, 2015 6:10am
Quoting cecakrowo
{quote} example : the minimum stops for my broker is 5 pips ,so i set the BEPoints 5 pips then the stop loss will be moved to my "zero" profit-loss after my trade profit 5 pips,right?
Yes that's correct but you have to add a bit extra for Spread. Also, let's say you expect price to drop back 5 pips but might move on another 10 - 20 pips. I wouldn't set BEPoints to 5 pips as you might get stopped out. Set it to 10 pips and you have a bit more risk but better chance of TP ....
  • #38
  • Jun 1, 2015 6:28am Jun 1, 2015 6:28am
Hi alan,

Can you share a ideal set file for this EA, few function seems puzzling to me sometimes.
  • #39
  • Edited 6:50pm Jun 1, 2015 6:56am | Edited 6:50pm
GBP Manufacturing PMI Results - 52 pips

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 56 KB


In case you're wondering, I used Fibonacci extensions to work out TP (38% pull back gives 161% extension) and then given it was around 1.52 I set it above the round number at 1.5205 which also allows for a bit of spread + a couple of pips. Actually it would have made it to 161.8% at 1.5196.
  • #40
  • Jun 1, 2015 7:16am Jun 1, 2015 7:16am
Quoting tareqhasan11
Hi alan, Can you share a ideal set file for this EA, few function seems puzzling to me sometimes.
Tareq, use the default values but change MaxSpread to 0 (the default is 60) which is quite low and might kill your trades just before the news.

I plan on releasing a 'Lite' version which only has the most basic settings but I haven't started on it yet.

Alan
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