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AmazingEA: Straddle Trading Expert Advisor

  • #601
  • Jul 31, 2016 11:54pm Jul 31, 2016 11:54pm
Quoting Tremors
Hi everyone I am new to FF. I have been reading several forum threads and am quite intrigued with the idea of straddle trading. I have been working on the concept myself and trying to teach myself MQL5 language. I noticed that most are focused on the quick grab at news events with a straddle bid (with one-cancels-the-other after the buy stop or sell stop is triggered). Why not have an EA that is always "in market" with either an active order that has been triggered, or a straddle bid in play that traps any good market moves? I have observed many...
So the main problem I can see with your idea is this. There are many EAs out there that can do the same thing without using Pending Orders. They use indicators, RSI, SMA cross etc. The disadvantage with a Pending Order is you have to wait for them to be hit. Also in many cases, a sudden move in one direction could be followed by a retest of a previous level or could even be the end of a trend before a reversal (Pin Bar)
  • #602
  • Aug 1, 2016 1:46pm Aug 1, 2016 1:46pm
Thanks for the tip Alan111S! I think i'd still like to try the idea out (on demo heh). I was thinking that the indicator I would like to try would be something with volume/momentus if anything. I haven't really seen a lot of tight whipsaw actions around the 15 min chart and above that would prevent me from grabbing at least a few pips before trail stop. There could be the occasions that peak then reverse. But if I set the time/distance correctly, I would stop out on one then catch the ride the other direction.

I picked up the metatrader 5 programming book and looks like will be doing a lot of reading (4000 + pages to the thing!).
  • #603
  • Aug 5, 2016 8:05am Aug 5, 2016 8:05am
No trades with NFP tonight.. LoL
My AmazingEA Log :
2016.08.05 15:30:00, MaxSpread Exceeded, MaxSpread: 200 Spread : 239
2016.08.05 15:30:00, DeleteBuyStop, OrderDelete Executed
2016.08.05 15:30:01, DeleteSellStop, OrderDelete Executed
2016.08.05 15:30:06, MaxSpread Exceeded, MaxSpread: 200 Spread : 239

Waiting another days for the best..
MAKE SURE you still can TRADE tomorrow
  • #604
  • Aug 12, 2016 8:49am Aug 12, 2016 8:49am
where can i get the last version of version 7

wich is the last one?

thanks in advance
  • #605
  • Aug 12, 2016 9:08am Aug 12, 2016 9:08am
Quoting Juan007
where can i get the last version of version 7 wich is the last one? thanks in advance
Hi Juan, Version 7 is no longer available, but you can get Version 8 from here:-

http://www.forexfactory.com/showthread.php?t=597450

Alan
  • #606
  • Sep 2, 2016 7:57am Sep 2, 2016 7:57am
still profitable although with old version
USDJPY cancelled
USDCHF cancelled
GBPUSD opened and profit..
Attached Image (click to enlarge)
Click to Enlarge Name: NFP-Sept2016.jpg Size: 249 KB
MAKE SURE you still can TRADE tomorrow
  • #607
  • Sep 23, 2016 2:31am Sep 23, 2016 2:31am
it keep saying unable to retrieve data for the next calendar event.
Pips Collector EA, No Martingale, No Grid
  • #608
  • Oct 30, 2016 5:51am Oct 30, 2016 5:51am
[quote=Alan111S;9011465]Version 8 Released 12-Jun-2016 Version 8.00 Modified by Alan Prothero !!!

Mr Alan,
whats the difference between STWAN and STOCO?
  • #609
  • Oct 30, 2016 8:21pm Oct 30, 2016 8:21pm
[quote=quiet;9225796]
Quoting Alan111S
Version 8 Released 12-Jun-2016 Version 8.00 Modified by Alan Prothero !!! Mr Alan, whats the difference between STWAN and STOCO?
STWAN is typically 5-15 seconds and deletes both orders if the news doesn't move the market enough to activate any order.

STOCO is used if you use OCO=false. Which means when 1 order is activated the opposite order is kept for STOCO seconds, in case of a reversal. If the market turns round despite news it is often a very good strong signal. You may lose on the initial trade but will make it up with the opposite trade.

In my experience, 1 hour or 3600 seconds is the best setting. Any longer and you may get a reversal for other non-News reasons. Any shorter and you may miss a genuine reversal.
  • #610
  • Nov 5, 2016 2:48am Nov 5, 2016 2:48am
Hello traders!

I don't know if anyone else has had this, but here goes.
03-Nov had 8:30pm AUD RBA news item and 8:35pm CAD BOC news item (all times Eastern).

The CAD was a speech. I have previously used ExcludeSpeeches=false.
I have had speech items picked up so don't believe that was the issue here.
The way I test to see that a news item will be picked up by AmazingEA and show the correct
settings is to change the PC Clock, generally ahead, usually just hour and minute but day in
some cases. Of course UseBrokerTime=false.
No matter what time I set, I could not get the 8:35 item to show up. I got the
8:30 fine, then next was something hours later.

Is the 5 minute difference between news items too short?

P.S. I would really like to see discussion resume here, it is a great resource.
  • #611
  • Nov 5, 2016 6:01am Nov 5, 2016 6:01am
Quoting EastYork
Hello traders! I don't know if anyone else has had this, but here goes. 03-Nov had 8:30pm AUD RBA news item and 8:35pm CAD BOC news item (all times Eastern). The CAD was a speech. I have previously used ExcludeSpeeches=false. I have had speech items picked up so don't believe that was the issue here. The way I test to see that a news item will be picked up by AmazingEA and show the correct settings is to change the PC Clock, generally ahead, usually just hour and minute but day in some cases. Of course UseBrokerTime=false. No matter what time I...
To get it to show you would need to set the clock in between 8:30 and 8:35 (like 8:33pm). Then it should get loaded. Were you using FilterByCurrency?

(By the way, I'm not allowed to reply in 'Straddle Trading EA' thread as I am now a Commercial Member and that thread is not Commercial.)
  • #612
  • Nov 11, 2016 7:10pm Nov 11, 2016 7:10pm
I've been a little quiet on here lately. The reason for this is that I've been writing a new EA !!!

Based on the same technology in AmazingEA, it also knows the times of News Events.

Depending on certain conditions, it places an after news trade using a limit order and uses Fibonacci extensions to set a Take Profit.

Risk / Reward is usually 1:1 on small moves but more commonly 1:2 on larger moves. (Reward is 2x Risk). It's also going to wait at least 5 minutes after news before trading so there won't be any Broker, Spread or Slippage issues that AmazingEA has.

I do believe that this EA will be UNIQUE in the Forex Market. There are News EAs and there are Fibo EAs but as far as I know there isn't such a thing as a FiboNews EA.

I'm every excited about it and will be trading a live account with it once I iron out the bugs and settings.

So, I will create a new thread for it on FF.

But I'm curious as to what NAME to call it so I'm going to open a Poll, with some choices (on the other thread:- http://www.forexfactory.com/showthread.php?t=597450)

Right now it's called 'AmazingFiboEA'. But I also thought of 'AwesomeEA' [it will be awesome ], or 'FiboNewsEA'.

But feel free to reply here too with any suggestions.
  • #613
  • Nov 13, 2016 11:53pm Nov 13, 2016 11:53pm
Quoting Alan111S
{quote} To get it to show you would need to set the clock in between 8:30 and 8:35 (like 8:33pm). Then it should get loaded. Were you using FilterByCurrency? (By the way, I'm not allowed to reply in 'Straddle Trading EA' thread as I am now a Commercial Member and that thread is not Commercial.)
It is possible that FilterByCurrency was set wrong and I will add that to the list of items to check on next run-through.

Just now I thought I would try to fool the EA and get it to load from a previous week (file AmazingEA-News-Calendar-2016-44.xml) but no go.
It wants current week and that means checking setup must fall in that calendar week range.
(Daylight Saving time change also means the original 8:30pm news is now listed as 7:30pm, 'tho clearly it can't be accessed for reason above.)

What I have learned to do is to print a page of the current day FF calendar, actually print 2 pages.
First will be "marked-up" with an indicator meaning I expect to trade the item, later result (trade activated or not), finally punched and bound for reference.
Second page I keep with me to refer to events when away from desktop or laptop computer.
If big news, no better way to learn the system than watch it in action. I will future post on how traders with Oanda
can keep an eye on account activity from a non-MT4 application.

Cheers;
  • #614
  • Nov 14, 2016 12:09am Nov 14, 2016 12:09am
Quoting EastYork
{quote} It is possible that FilterByCurrency was set wrong and I will add that to the list of items to check on next run-through. Just now I thought I would try to fool the EA and get it to load from a previous week (file AmazingEA-News-Calendar-2016-44.xml) but no go. It wants current week and that means checking setup must fall in that calendar week range. (Daylight Saving time change also means the original 8:30pm news is now listed as 7:30pm, 'tho clearly it can't be accessed for reason above.) What I have learned to do is to print a page of...
I don't know if you are Apple or Android but I use this Android app, Forex Calendar Notifier

https://play.google.com/store/apps/d...le.trial&hl=en

I also posted about using MT4 Notifications although sometimes they are delayed

Alan
  • #615
  • Nov 14, 2016 12:19am Nov 14, 2016 12:19am
There's a problem with the XML version of the FF calendar at the moment which is affecting the automated download of the calendar in the EA.

FF had some issues this morning and that XML version is still showing last week's data.

If the EA is saying “Unable to retrieve next calendar event…..” then it's because of that issue. There is nothing I can do about it except pester FF to sort it out.

Please see https://amazingea.wordpress.com/2016...alendar-event/
  • #616
  • Nov 14, 2016 8:27pm Nov 14, 2016 8:27pm
Quoting Alan111S
There's a problem with the XML version of the FF calendar at the moment which is affecting the automated download of the calendar in the EA. FF had some issues this morning and that XML version is still showing last week's data. If the EA is saying Unable to retrieve next calendar event.. then it's because of that issue. There is nothing I can do about it except pester FF to sort it out. Please see https://amazingea.wordpress.com/2016...alendar-event/
OK, it is back up. Last failed at 9:21 Eastern then got the file at 9:23 Eastern.
(VPS was in there trying about every 1 hour and 8 minutes. Alan, is that correct?)

Cheers;
  • #617
  • Nov 14, 2016 8:38pm Nov 14, 2016 8:38pm
Quoting EastYork
{quote} OK, it is back up. Last failed at 9:21 Eastern then got the file at 9:23 Eastern. (VPS was in there trying about every 1 hour and 8 minutes. Alan, is that correct?) Cheers;
So the file is there but the problem is the events are not this weeks - they are still last weeks.

This is the URL :-

http://www.forexfactory.com/ffcal_week_this.xml

The first few items are Daylight Savings Ends which happened a week ago.

If any of you can pester FF to sort it that would be very useful. Being a commercial member I can only send 1 PM per day and only open threads in Commercial Content section.
  • #618
  • Nov 14, 2016 9:37pm Nov 14, 2016 9:37pm
OK it's working now.......
  • #619
  • Jan 30, 2017 7:50am Jan 30, 2017 7:50am
Hello,
I am using 9.03, when I open the straddle the price line is not in the centre from the straddle?
Alan thanks for your great work
  • #620
  • Jan 30, 2017 11:34pm Jan 30, 2017 11:34pm
Quoting HenkGerritse
Hello, I am using 9.03, when I open the straddle the price line is not in the centre from the straddle? Alan thanks for your great work
Hi there, yes good point. MT4 Charts show the Bid (Sell) Price but not the Ask (Buy) price. There is an option to show an Ask line on your charts. The Buy line for AmazingEA is the Ask price (includes the spread) so it may look like there is a bigger gap above current price than below.

Hope that explains the situation.

Regards
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