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AmazingEA: Straddle Trading Expert Advisor

  • #121
  • Jun 18, 2015 9:14am Jun 18, 2015 9:14am
Quoting Alan111S
{quote} Your broker is one of those that gives Off Quotes, Invalid Price error messages instead of actually closing your trade. Your Stop Loss is set to 1.5 pips and MaxSlippage is set to 2 pips. Both of these are far too low. Minimum SL should be at least 10 pips which would mean setting 100. On a 5 digit broker you need to multiply the number of pips x10 to make Points which is what the Settings use.

Hi, Mr. Alan.

Yesterday and today I encountered same problem which is broker off quotes (the off quotes prices are very far from quotes price), finally whipsaw again.

Can we avoid/improve above off quotes thru the setting of parameter in Amazing EA. ver 6. ?

I sorted out one example trade from journal as attached.

Thanks and regards
Attached File(s)
File Type: docx 1912956-GBPAUD-jun-18.docx   12 KB | 338 downloads
  • #122
  • Jun 18, 2015 1:11pm Jun 18, 2015 1:11pm
Guys it's better to use a different approach.
Let's do a version that send Pending Orders few seconds (4-5) AFTER the news. This can't avoid the slippage but avoid to take the wrong direction.
Even better would be a Market order few seconds after the news, triggered by pips distance, but I don't know if this can be done easily
  • #123
  • Jun 18, 2015 3:00pm Jun 18, 2015 3:00pm
Quoting Gs6
Guys it's better to use a different approach. Let's do a version that send Pending Orders few seconds (4-5) AFTER the news. This can't avoid the slippage but avoid to take the wrong direction. Even better would be a Market order few seconds after the news, triggered by pips distance, but I don't know if this can be done easily

I've already had a virtual straddle EA (that sends market orders at a pipsaway from the price) and it worked absolutelly fine on a live account, but it's broken now As for sending pending orders couple seconds after the news, it can only be for catching the retracements.
  • #124
  • Jun 19, 2015 1:04am Jun 19, 2015 1:04am
Quoting Alan111S
I had a whipsaw on UK CPI too. I've attached my settings. PointsAway=100 PointsGap=0 ModifyGap=10 TP=1000 SL=300 NYear=0 NMonth=0 NDay=0 NHour=11 NMin=30 NSec=0 CTCBN=0 SecBPO=10 SecBAO=10 SecBMO=0 STWAN=3600 OCO=false BEPoints=0 BEOffset=0 TrailPoints=0 TrailOffset=0 TrailImmediate=false MM=true RiskPercent=0.5 Lots=0.1 MaxSpread=0 AddSpreadToSL=true SlipCheck=false MaxSlippage=0 AllowBuys=true AllowSells=true UseBrokerTime=true DeleteOnShutdown=false TradeLog=AmazingEA {image} So I had a Buy initially from 1.56 which I closed manually for a loss...
Hi,

Thank you for your reply!

Also, can we put together a list of the most profitable trade able news.
In which we can also keep track of the news releases generating whip saws...
So that we can filter and trade the best news possible.
I generally refer to the trigger sheet.

Simultaneously, it would be great if we could have a news traders group in skype & whatsapp so that we can collectively analyze and trade together.

Happy pipping!
  • #125
  • Jun 19, 2015 2:41am Jun 19, 2015 2:41am
Quoting Pupsik
{quote} I've already had a virtual straddle EA (that sends market orders at a pipsaway from the price) and it worked absolutelly fine on a live account, but it's broken now As for sending pending orders couple seconds after the news, it can only be for catching the retracements.
Market order are executed with much less slippage cause these orders provide liquidity to the market. So it would be a good idea to make two version of AmazingEA, one with pending and one with Market order and do some tests with the same settings, and the same broker.
  • #126
  • Jun 19, 2015 4:16am Jun 19, 2015 4:16am
Quoting Alan111S
AmazingEA Version 6 Released 16-June-2015 Version 6.00 Modified by Alan Prothero New: Minimum Requirement MT4 Build 600 or MT5 New: OnTimer Events Capability allowing EA to function without Ticks Modified: Minor changes to Logging File Layouts This new version can't run on MT4 older than Build 600. It uses a newish feature in MT4 to run every 50ms as well as when Price Ticks arrive. Which means that if the Broker freezes the Price Feed the EA will still be able to check the Time for SecBPO, SecBMO etc. You should notice the EA creating, modifying...
Hi,

What other form of analysis can we use to choose on which pairs to straddle?
Eg. using currency strength meter to identify strong and weak currencies to starddle.

Please share your views..

Happy pipping!
  • #127
  • Jun 19, 2015 6:37am Jun 19, 2015 6:37am
CAD Core CPI 19-Jun-2015
Attached Image (click to enlarge)
Click to Enlarge Name: CAD Core CPI 19-Jun-2015.PNG Size: 8 KB


buy was a whip but got closed with fng/script

sell got activated by trailing stop for some few pips but had an exit slip
  • #128
  • Jun 19, 2015 9:22am Jun 19, 2015 9:22am
Quoting Alan111S
{quote} Your broker is one of those that gives Off Quotes, Invalid Price error messages instead of actually closing your trade. Your Stop Loss is set to 1.5 pips and MaxSlippage is set to 2 pips. Both of these are far too low. Minimum SL should be at least 10 pips which would mean setting 100. On a 5 digit broker you need to multiply the number of pips x10 to make Points which is what the Settings use.
Mr. Alan.
Recently my trades all whipsaw, I am suspecting my broker manipulated the trades. I sorted out the MT4 journal by trade order no as attached. Could you give comment?
Attached File(s)
File Type: docx 1438-19-jun-AUDCAD.docx   14 KB | 317 downloads
File Type: docx 1438-19-jun-USDCAD.docx   12 KB | 266 downloads
File Type: docx 1912925-18-jun.docx   12 KB | 308 downloads
File Type: docx 1912956-18-jun.docx   13 KB | 303 downloads
  • #129
  • Jun 19, 2015 5:13pm Jun 19, 2015 5:13pm
Quoting shreyash
{quote} Hi, Thank you for your reply! Also, can we put together a list of the most profitable trade able news. In which we can also keep track of the news releases generating whip saws... So that we can filter and trade the best news possible. I generally refer to the trigger sheet. Simultaneously, it would be great if we could have a news traders group in skype & whatsapp so that we can collectively analyze and trade together. Happy pipping!
I included a spreadsheet "AmazingEA Best News Items.xlsx" in the latest release (V6.00). It's almost the same as the Trigger Sheet, but lists all the High Impact trades, with a Trade Y/N flag which you can filter.

The thing is whipsaws will happen when 2 or more news are released and generate conflicting signals. Or if the market is overbought/oversold and the news is positive/negative but not a huge surprise.

Regarding the first one, if you are the kind of trader that doesn't keep up with economic events or find it too bewildering, the easiest thing is to check a calendar like http://www.fasteconomicnews.com/fx_calendar.aspx where all the releases are shown. If there is more than one that may conflict then don't trade it. But that would mean skipping a lot of trades. For example, last night CAD was Retail Sales (Bad) and CPI (good) and generated a whipsaw. I didn't trade it.

The second one is easier. If you use a wide enough SL, and don't use OCO, and the initial reaction was a whipsaw but the overall outcome of the news is good enough to surprise the market, you can end up hedged and trade your way out of it.

Close the trade that will end up losing at the best possible time (during a retracement) and keep the other one. In that way, you can try to recover your losses. For example, UK CPI was a whipsaw because the Core CPI and non-Core conflicted.

GBPUSD spiked up but was quickly sold and I lost on a Buy, had a Sell that fired but didn't continue far enough and came back to BE, where I closed it. When a market fails to extend down and reverses, it's a strong Buy signal.

So I opened another Buy at the same level I had closed the original Buy and made 3x what I lost on the original Buy. (I called that it would hit 1.567 and it didjust before the MPC votes)

The problem with this is that you have to be OK with Trading not just with News and the Market has to be moving. The UK CPI wasn't market moving - I was just lucky the GBP was a hot trade at the time.

Alan
  • #130
  • Jun 21, 2015 1:31pm Jun 21, 2015 1:31pm
Can I run AmazingEA on multiple charts at the same time?

Why it cant run more than 1 same pair? Why not just add magicnumber.


THanks for the answer in advance and great job!
  • #131
  • Jun 21, 2015 2:34pm Jun 21, 2015 2:34pm
Here goes a noob question, for scraddle ea and strategy, its better mt4 or mt5, or depend broker? or same ?
  • #132
  • Jun 21, 2015 6:29pm Jun 21, 2015 6:29pm
Quoting Arturmiller
Can I run AmazingEA on multiple charts at the same time? Why it cant run more than 1 same pair? Why not just add magicnumber. THanks for the answer in advance and great job!
I've answered this before in great detail. You can run on multiple charts (different pairs) for the same news time. You can run it more than once on the same pair (why? it's crazy) but you have to set the News Time to be 1 second apart. e.g. AUDUSD 04:30:00 and AUDUSD 04:29:59. That is because it already uses a Magic Number which uses the News Time as part of the Magic Number. I don't want to make the Magic Number available in the Parameters.

The other thing is that I strongly advise against running it on many pairs at once, but I particularly don't see the point in using the same pair twice for the same news.

If there is a reason for it, please enlighten me?
  • #133
  • Jun 21, 2015 6:36pm Jun 21, 2015 6:36pm
Quoting Arturmiller
Here goes a noob question, for scraddle ea and strategy, its better mt4 or mt5, or depend broker? or same ?
Not that silly a question mate as nobody else has asked. Although I programmed it for MT5 I haven't used it Live on MT5, just tested on Demo. The main issue that most people have is that you cannot hedge on MT5. Buy 1 lot AUDUSD in MT5 then Sell 0.5 lot and MT5 will close half your original Buy position, leaving 0.5 lots Buy. Sell another 0.5 lots and you will end up flat.

I don't know if anybody else has tried the MT5 version Live.
  • #134
  • Jun 22, 2015 2:09am Jun 22, 2015 2:09am
Hi Alan just popping in to say thanks for the EA
I have done considerable back testing over the weekend and am liking what I see, doing some forward testing
on various pairs and time frames
here is a example of London open straddle trade in picture below, I'm just learning to become accustomed to
all the settings and how they work, looks like a great EA, nice Job
Attached Image (click to enlarge)
Click to Enlarge Name: straddle test 0001.PNG Size: 54 KB
  • #135
  • Jun 22, 2015 4:03am Jun 22, 2015 4:03am
Quoting zeromax2u
{quote} Mr. Alan. Recently my trades all whipsaw, I am suspecting my broker manipulated the trades. I sorted out the MT4 journal by trade order no as attached. Could you give comment? {file} {file} {file} {file}
That is one of the worst cases of broker manipulation I have ever seen. The trade server is refusing to take any Close or Modification commands, saying 'Order is too close to market' or 'Off Quotes'. In the 2 cases you asked about where 1) the Order was attempted to be deleted before the News Time, this is probably due to using MaxSpread, which would detect the Spread was too high and try to delete both Pending Orders. 2) The other case is due to SlipCheck where the EA attempts to close a trade or set a Minimum Stop Loss.

Your broker keeps saying 'Too Close to Market' but the EA is programmed to check the Minimum Distance allowed and use it. The only conclusion is that the Prices that are displayed in MT4 are not possible to use by the EA. In other words, your broker is cheating.

Would you mind revealing who your broker is so that other traders can stay away?
  • #136
  • Jun 22, 2015 9:10am Jun 22, 2015 9:10am
Hi, Mr. Alan.
Appreciated your valuable comments. I have also make a feedback to broker with the same attachments, still waiting their reply. By the way, for the broker cheating/manipulation, is there a place to raise a report? Other than broker side, Is it possible the improper parameter setting in the EA can cause these problem?
Thanks and regards.
  • #137
  • Jun 22, 2015 2:29pm Jun 22, 2015 2:29pm
Hi Alan,

wanna suggest if separate lotsize parameters can be provided for each buy & sell directions, rather than having one lotsize for both.

I know one can run an opposite direction on a separate chart with a different lotsize, but would be cool if the EA has those options for one to maintain just a single chart
  • #138
  • Jun 22, 2015 6:22pm Jun 22, 2015 6:22pm
Quoting zeromax2u
Hi, Mr. Alan. Appreciated your valuable comments. I have also make a feedback to broker with the same attachments, still waiting their reply. By the way, for the broker cheating/manipulation, is there a place to raise a report? Other than broker side, Is it possible the improper parameter setting in the EA can cause these problem? Thanks and regards.
Brokers will not care - unless you can prove something. For example, I used to trade with FXCM and twice I had an issue. Once I was compensated but I also signed a non-disclosure agreement so I can't talk about that one. The other time I was trading 2 lots of AUDUSD and the Ask (buy) price I was given was 40 pips above the maximum Bid price shown on the charts. Altogether the slippage was 80 or so pips. FXCM compensated me for that one too and gave me the 40 pips difference back so I still lost but not as bad.

The EA code is working for many other brokers. V5.30 on this thread was downloaded 350 times before I put V6 up there. Occasionally, in fast moving markets, errors can be seen in the logs on every broker. The values on the chart are supposed to reflect reality, but things change very fast and so even with good brokers small issues can happen. In the EA, I check the MinStopLevel which is how close you can place a Pending Order to the current price. When the broker says 'Order too close to market', this means one of three things:-

1) The MinStopLevel setting on their server is set incorrectly.
2) The prices quoted are not achievable
3) Their servers are overloaded or they are running some software that rejects orders.

The most common software is the MT4 Virtual Dealer Plugin. It has the capability to change the MinStopLevel, introduce delays, slippage etc. Without a doubt, your broker is running this kind of software. So why would they care about your complaints?

There is a huge thread on FF about the MT4 Virtual Dealer Plug-In http://www.forexfactory.com/showthread.php?t=70582

Information about this software is here:-
http://s260.photobucket.com/user/qtm...aler1.jpg.html
and here:-
http://s260.photobucket.com/user/qtm...aler2.jpg.html

My advice to you is find another broker for this kind of trading......
  • #139
  • Jun 23, 2015 4:20pm Jun 23, 2015 4:20pm
Quoting wakeel86
Hi Alan, wanna suggest if separate lotsize parameters can be provided for each buy & sell directions, rather than having one lotsize for both. I know one can run an opposite direction on a separate chart with a different lotsize, but would be cool if the EA has those options for one to maintain just a single chart
I'll have a think about this. It involves a bit more change than you think due to the Money Management settings. Unless I make that using MM assumes equal LotSizes for Buy/Sell, but otherwise you can set them seperately.
  • #140
  • Jun 26, 2015 6:50am Jun 26, 2015 6:50am
Hi Alan,

Is there is limit for the value in NSec?
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