Straddle trading EA

Quoting KudzuFX

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InterbankFX
straddle GBPUSD or EURUSD
size = 1 mini lot
SL= 10 or 15 depending on spread
TP= let it ride
time before = depends on the type of news, consensus expectations and pre-event volatility

Can anybody explain the appreviations in the AmazingEA inputs?
Thanks,

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Quoting branac

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Hi,

I have an account with FIBO Group for a couple of months. After few weeks of demo testing I did my first live straddle trading on Aug 4, NFP. I used StraddleEA to put buy and sell orderes for me. They were in place few seconds before the news, and once the price went crazy the buy order were filled exactly to the pip, no slippage, no requoting. I had a TP set on 55 pips, and when the price hit it, my order was closed exactly to the pip, again no slippage, no requoting, nothing. So, it was a really nice experience.

Now, I am using AmazingEA that TimeFreedom posted coz it much more sofisticated and more reliable regarding timing.

Didn't do any news trading since NFP, but from today I am back at straddling. I will keep you guys posted how AmazingEA performs with my broker, and how the orders are filled.

branac

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Quoting TimeFreedom

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h=iHigh(NULL,PERIOD_M1,0);
l=iLow(NULL,PERIOD_M1,0);
for (i=1;i<=CTCBN;i++) if (iHigh(NULL,PERIOD_M1,i)>h) h=iHigh(NULL,PERIOD_M1,i);
for (i=1;i<=CTCBN;i++) if (iLow(NULL,PERIOD_M1,i)<l) l="iLow(NULL,PERIOD_M1,i);<br"> sp=Ask-Bid;
ho=h+sp+(10)*Point;
lo=l-(10)*Point;
hso=h+sp;
lso=l;
htp=ho+TP*Point;
ltp=lo-TP*Point;

--------------------------------------------------------------------------------

Code does not include spread (sp) for Sell Order: lo=l-(10)*Point; and</l)> lso=l;<l) l="iLow(NULL,PERIOD_M1,i);<br">
Code does include spread (sp) in Buy Order: ho=h+sp+(10)*Point; and </l)> hso=h+sp;<l) l="iLow(NULL,PERIOD_M1,i);<br">

We should revise the following Sell Order code to read:
</l)> lo=l-sp-(10)*Point;
lso=l-sp;

<l) l="iLow(NULL,PERIOD_M1,i);<br">Note: The attached AmazingEA is the original without Flint's option for dynamic pips away from from price code. Only changes made is adding spread on Sell Order.

TimeFreedom



<l) l="iLow(NULL,PERIOD_M1,i);<br"></l)></l)>

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Quoting amaruenterprise

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Hi KudzuFX,

CTCBN = Numbers Candles to check Before News For determining High & Lows , when it is 1 it check 2 candles the current candle and the 1 last one

SecBPO = Seconds Before News Which EA Will Place Pending Orders

SecBMO = Seconds Before News Which EA Will Stop Modifying Orders

STWAN = Seconds To Wait After News to Delete Pending Orders

OCO = One Cancel The Other , will cancel the other pending order if one of them is hit

BEPips = Pips In profit which EA will Move SL to BE+1 after that

I hope this helps. Amaru.....

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Quoting dellano

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and for what "RISK PERCENT" is used?
Why the EA is with 10 pips fixed stop loss? we cant choose the stop loss?

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Quote

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I prefer to use a 10 pip s/l because when trading the news anything can happen and I would rather lose 10 than 20. My personal opinion.

Quoting cgldsmth

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what TF is best for the amazingEA?

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Quoting amaruenterprise

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Hi clam61,
I use FXDD. Although I have not used the AmazingEa on my live account just yet; I have had great results on my demo account. I plan to go live with it next week.

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Quoting TimeFreedom

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Cgldsmth,

Sorry for late answer. Later than never I guess. Anyway I use AmazingEA on M1 chart only.

TimeFreedom

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Quoting TimeFreedom

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Saunga2nd3,

Can you confirm that MT4 Sell orders don't need spread included? I don't see how that would make any sense. Why in one direction your spread is added to the Stop Order and on another it isn't. Can somone clarify this MT4 Stop Order and spread situation?

TimeFreedom

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Quoting peterdxb

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Did anyone straddle UK Retail sales ??? it was a sweet move on cable.

i missed it forgot to enable the ea and went in a meeting

Hope everyone else did well

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Quoting TimeFreedom

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<?xml:namespace prefix = st1 /><st1:city w:st="on"><st1lace w:st="on">Flint</st1lace></st1:city>,

I noticed that the AmazingEA is modifying orders at each tick once pending orders are placed. EA should only modify orders if current HIGH and LOW are breached and wth new HIGH and LOW. Take a look at the log files in expert\files for confirmation. We could see problems with brokers if EA continues to modify orders on every tick. Who knows how many ticks we get within a minute? Maybe 20 or more, especially since EA modifies both order entries on each tick!

Would you please take a look at the code to determine if the modifying order code can be changed to modify only when current HIGH and LOW have been breached.

void DoModify()
{
for (int i = 0; i < OrdersTotal(); i++) {
OrderSelect(i, SELECT_BY_POS, MODE_TRADES);
if (OrderSymbol()==Symbol() && (OrderMagicNumber() == Magic) && (OrderType()==OP_SELLSTOP)) {


if ((OrderOpenPrice()>lo) || (OrderOpenPrice()<LO)) p {<> Write("in function DoModify , SellStop OrderModify Executed, Sell Stop was @ "+DoubleToStr(OrderOpenPrice(),4)+" it changed to "+DoubleToStr(lo,4));
OrderModify(OrderTicket(),lo,lso,ltp,0,Aqua);
}
}

if (OrderSymbol()==Symbol() && (OrderMagicNumber() == Magic) && (OrderType()==OP_BUYSTOP)) {


if ((OrderOpenPrice()>ho) || (OrderOpenPrice()<HO)) p {<> Write("in function DoModify , BuyStop OrderModify Executed, Buy Stop was @ "+DoubleToStr(OrderOpenPrice(),4)+" it changed to "+DoubleToStr(ho,4));
OrderModify(OrderTicket(),ho,hso,htp,0,Magenta);
}
}
}
}
<!--[endif]-->

TimeFreedom

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Quoting fsufootball42

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sorry guys late to the thread. what version on the EA are you using and on which platforms? I see an Amazing EA. I assume that is not the news trading EA simply an indicator?? Thanks for helping out a begginer!

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Quoting KudzuFX

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welcome. There are 2 EAs discussed here - both could be used for news.

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