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  • #241
  • Sep 1, 2015 8:48pm Sep 1, 2015 8:48pm
Had a 30 pip slippage straddling AUD GDP on AJ.

Would be surprised anyone did well on this trade

closed manually @ -27 pips

re-watched the video and noticed my trade got to exactly +80 points in my favour (with my BE set to 80 points as well) but Amazing failed to kick in BE+1 for me, which could have saved me the loss
  • #242
  • Sep 1, 2015 8:51pm Sep 1, 2015 8:51pm
Quoting wakeel86
Had a 30 pip slippage straddling AUD GDP on AJ. Would be surprised anyone did well on this trade
Manual one-click entry 10 sec to news.
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Click to Enlarge Name: 2015-09-02 10_32_24-6667507_ FxPro.com-Demo01 - Demo Account - [AUDUSD,M1].png Size: 43 KB
  • #243
  • Sep 1, 2015 9:01pm Sep 1, 2015 9:01pm
Hey Guys

Third time in a row now my orders haven't been moved into place quick enough to catch the trade. Had Amaze set up on GBPAUD to go long and EURAUD to go short. The EURAUD moved into position but the GBPAUD didn't move into position and was still set at my pointsgap position even after my SWAIN had run out. I have my pointsgap at 10000 but thinking this is too large and might need to make it a bit smaller but I didn't think this would be a reason for it not to move it into position. Any help with this would be great. I have uploaded my log file for anyone interested.

Cheers
Attached File(s)
File Type: txt AUD GDP.txt   2 KB | 290 downloads
'Stability breeds Instability' Hyman Minsky
  • #244
  • Sep 1, 2015 9:10pm Sep 1, 2015 9:10pm
Quoting ALFtrade
Hey Guys Third time in a row now my orders haven't been moved into place quick enough to catch the trade. Had Amaze set up on GBPAUD to go long and EURAUD to go short. The EURAUD moved into position but the GBPAUD didn't move into position and was still set at my pointsgap position even after my SWAIN had run out. I have my pointsgap at 10000 but thinking this is too large and might need to make it a bit smaller but I didn't think this would be a reason for it not to move it into position. Any help with this would be great. I have uploaded my log...
Whether it's 10000 or 2000, it doesn't matter. The problem is the timing. At 56 seconds, the trades haven't been moved. At 59.7 seconds, the EA tries to move them which is too late. Can you share the settings (.set file)?

Also are you using Broker Time or PC time?
  • #245
  • Sep 1, 2015 9:12pm Sep 1, 2015 9:12pm
Quoting toppo qqq
{quote} Manual one-click entry 10 sec to news. {image}
Using which auto-click software?
  • #246
  • Sep 1, 2015 9:20pm Sep 1, 2015 9:20pm
Quoting wakeel86
Had a 30 pip slippage straddling AUD GDP on AJ. Would be surprised anyone did well on this trade closed manually @ -27 pips re-watched the video and noticed my trade got to exactly +80 points in my favour (with my BE set to 80 points as well) but Amazing failed to kick in BE+1 for me, which could have saved me the loss
wakeel, you have to remember that BE on a Sell requires the Ask price to be at BE - the video might only show Bid. I haven't seen it so just bear that in mind.
  • #247
  • Edited 10:29pm Sep 1, 2015 9:52pm | Edited 10:29pm
Quoting Alan111S
{quote} wakeel, you have to remember that BE on a Sell requires the Ask price to be at BE - the video might only show Bid. I haven't seen it so just bear that in mind.
Yeah I'm aware Alan. Was actually watching the video as the points kept changing on the terminal (under the Profit column, which I set to count my profit/loss as Points), and I believe the terminal counts it correctly; i.e. ask price to calculate profit/loss pips for sell trades and bid price for buy trades

I'll send the logs to your email


PS: sent you an email already. Also, just to note, 80 points was the maximum it went in my favour before retracing
  • #248
  • Sep 1, 2015 10:00pm Sep 1, 2015 10:00pm
Quoting Alan111S
{quote} Whether it's 10000 or 2000, it doesn't matter. The problem is the timing. At 56 seconds, the trades haven't been moved. At 59.7 seconds, the EA tries to move them which is too late. Can you share the settings (.set file)? Also are you using Broker Time or PC time?
Sure, this is for a 5 digit broker settings

PointsAway - 50
PointsGap - 10000
Mod Gap - 5
TP - 100
SL - 150
NHour - Time of news release
CTCBN - 0
SecBPO - 20
SecBAO - 5
SecBMO - 0
STWAN - 30
OCO - True
Max Spread - 0
Max Slippage - 0
Use Broker Time - False

I use PC time and use the network time sync program. I generally refresh this a couple of minutes before the news release. Strange thing was it positioned the EURAUD trade correctly but not the GBPAUD, the only thing different between the settings was I only allowed sells on EURAUD and only allowed buys on GBPAUD.
'Stability breeds Instability' Hyman Minsky
  • #249
  • Sep 1, 2015 10:18pm Sep 1, 2015 10:18pm
Quoting ALFtrade
{quote} Sure, this is for a 5 digit broker settings PointsAway - 50 PointsGap - 10000 Mod Gap - 5 TP - 100 SL - 150 NHour - Time of news release CTCBN - 0 SecBPO - 20 SecBAO - 5 SecBMO - 0 STWAN - 30 OCO - True Max Spread - 0 Max Slippage - 0 Use Broker Time - False I use PC time and use the network time sync program. I generally refresh this a couple of minutes before the news release. Strange thing was it positioned the EURAUD trade correctly but not the GBPAUD, the only thing different between the settings was I only allowed sells on EURAUD and...
It's just a time issue. And you're broker was running slow. The EA asked to move the order at 10:59:56.018. But it wasn't moved until 10:59:59.701 by which time price could have changed significantly. Also 5 pips Pointsaway on GBPAUD or EURAUD is way too low. I've seen these react 150 pips on news. So lower values won't help when it comes to slippage. Right now I never use less than 10 pips.
  • #250
  • Sep 1, 2015 10:19pm Sep 1, 2015 10:19pm
Quoting ALFtrade
{quote} Sure, this is for a 5 digit broker settings PointsAway - 50 PointsGap - 10000 Mod Gap - 5 TP - 100 SL - 150 NHour - Time of news release CTCBN - 0 SecBPO - 20 SecBAO - 5 SecBMO - 0 STWAN - 30 OCO - True Max Spread - 0 Max Slippage - 0 Use Broker Time - False I use PC time and use the network time sync program. I generally refresh this a couple of minutes before the news release. Strange thing was it positioned the EURAUD trade correctly but not the GBPAUD, the only thing different between the settings was I only allowed sells on EURAUD and...
Do you use mt4ticker?
  • #251
  • Sep 1, 2015 10:28pm Sep 1, 2015 10:28pm
Quoting wakeel86
{quote} Do you use mt4ticker?
No I don't anymore as I thought the newer versions of Amaze had some sort of build in ticker, I may be wrong on this point though.
'Stability breeds Instability' Hyman Minsky
  • #252
  • Sep 1, 2015 10:29pm Sep 1, 2015 10:29pm
Quoting wakeel86
{quote} Do you use mt4ticker?
I don't think this would have helped in this case.

Ver 6 doesn't need MT4Ticker any more either.
  • #253
  • Sep 1, 2015 10:33pm Sep 1, 2015 10:33pm
Quoting Alan111S
{quote} I don't think this would have helped in this case. Ver 6 doesn't need MT4Ticker any more either.
Oh! Noted
  • #254
  • Sep 1, 2015 10:34pm Sep 1, 2015 10:34pm
Quoting Alan111S
{quote} It's just a time issue. And you're broker was running slow. The EA asked to move the order at 10:59:56.018. But it wasn't moved until 10:59:59.701 by which time price could have changed significantly. Also 5 pips Pointsaway on GBPAUD or EURAUD is way too low. I've seen these react 150 pips on news. So lower values won't help when it comes to slippage. Right now I never use less than 10 pips.
Hi Alan, thanks for your help with this. I'm only trying to get in and out with small pip take so the lower the points away the better for me but I'm guessing it won't really matter if you are going to get slipped 20 pips anyway. So if your points away are at 4 pips or 10 pips but you get slipped 20 pips wont our positions end up getting executed at the same point anyway?

Cheers
'Stability breeds Instability' Hyman Minsky
  • #255
  • Sep 1, 2015 10:57pm Sep 1, 2015 10:57pm
Quoting Alan111S
{quote} It's just a time issue. And you're broker was running slow. The EA asked to move the order at 10:59:56.018. But it wasn't moved until 10:59:59.701 by which time price could have changed significantly. Also 5 pips Pointsaway on GBPAUD or EURAUD is way too low. I've seen these react 150 pips on news. So lower values won't help when it comes to slippage. Right now I never use less than 10 pips.
Hi, just one more thing. If I set my SecBAO to a higher value would this help in triggering the trades? Unsure what I can do as it has happened a bit lately where my orders aren't getting filled. Maybe time for a new broker.

By the way a big thanks for all the effort and advice that you put into your EA, great work.
'Stability breeds Instability' Hyman Minsky
  • #256
  • Sep 2, 2015 4:07am Sep 2, 2015 4:07am
Quoting Alan111S
{quote} Yes, these are the key reports. I get their email updates and I tried their SNW software before. On that site, the Charts are amazing and go down to Tick level. You'll find them to the right of each Item in the Calendar once the News has come out. Even if you straddle trade, you can utilise this data. Alan

Hi alan. Great work you have done with the amazing EA. What is the draw down in using SNW? I have used them some years ago and discovered that you can have good deviation and price ought to go in one direction but the market will completely do the oposite. In that case you lose since SNW will trigger. Why i prefer straddle is that i dont have to predict the direction.What do you think?
  • #257
  • Sep 2, 2015 6:33am Sep 2, 2015 6:33am
Quoting ALFtrade
{quote} Hi, just one more thing. If I set my SecBAO to a higher value would this help in triggering the trades? Unsure what I can do as it has happened a bit lately where my orders aren't getting filled. Maybe time for a new broker. By the way a big thanks for all the effort and advice that you put into your EA, great work.
Try setting SecBAO a bit higher. The idea of it was to prevent trades triggering early. Personally, I'm targeting bigger moves so I use 10 pips Pointsaway, 30 pips SL and I don't use Pointsgap or SecBAO, so I set SecBPO=10 and SecBMO=0.
  • #258
  • Sep 3, 2015 8:35am Sep 3, 2015 8:35am
Hi Alan. Expecting your reply with respect to SNW
  • #259
  • Sep 6, 2015 6:54pm Sep 6, 2015 6:54pm
Quoting mikeokino
Hi Alan. Expecting your reply with respect to SNW
Mike posted a question on the old thread:-

Hi alan. Great work you have done with the amazing EA. What is the draw down in using SNW? I have used them some years ago and discovered that you can have good deviation and price ought to go in one direction but the market will completely do the oposite. In that case you lose since SNW will trigger. Why i prefer straddle is that i dont have to predict the direction.What do you think?

I'm going to post an answer on both threads in my next reply.

Alan
  • #260
  • Sep 6, 2015 10:08pm Sep 6, 2015 10:08pm
Spike Trading vs. Straddle Trading

This is an excellent example of the major difference between the 2 approaches. The AU Interest Rate Decision last week was fascinating. AUDUSD spiked up 20 pips but over the next 2 hours reversed and ended up breaking 0.70 cents at the end of the week. With a spike trade if there was 10 pips Spread and 10 pips Slippage, I doubt you could make any money on this assuming you set the trigger to Buy on 'No Cut'. With straddle it would have been a great trade even if you lost on the Buy.

I always risk 0.5 per cent of my account in each direction. SL=30 pips each way on majors but 60 pips on crosses and use OCO=false and STWAN=3600 to leave my trades in 1 hour. With slippage and spread the risk can blow out to double my initial risk easily. So if I'd have done my usual trade I would have lost on the Buy but gained a lot more on the Sell (100 pips+) or over 2%.

So in the next post I'll discuss how long to leave your trades in
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