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AmazingEA: Automated Straddle Trading Expert Advisor

  • #141
  • Sep 8, 2016 7:44am Sep 8, 2016 7:44am
FYI,
Only positive results for today, all the rest of news did not produce results!!

I am currently trading approx 22 pairs each news trades 7 pairs approx, goal is to weed out the news and pairs not worthy to have a consistent run.

Cheers

Greg
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  • #142
  • Sep 8, 2016 7:52am Sep 8, 2016 7:52am
Quoting crootster
FYI, Only positive results for today, all the rest of news did not produce results!! I am currently trading approx 22 pairs each news trades 7 pairs approx, goal is to weed out the news and pairs not worthy to have a consistent run. Cheers Greg {image}
But hasn't Alan already tested pairs and has set forth recommendations on which pairs to use?
  • #143
  • Sep 8, 2016 7:56am Sep 8, 2016 7:56am
Quoting crootster
FYI, Only positive results for today, all the rest of news did not produce results!! I am currently trading approx 22 pairs each news trades 7 pairs approx, goal is to weed out the news and pairs not worthy to have a consistent run. Cheers Greg {image}

See you got the hang of using 'Default'.....LOL
  • #144
  • Sep 8, 2016 8:03am Sep 8, 2016 8:03am
Quoting aagarcia
{quote} But hasn't Alan already tested pairs and has set forth recommendations on which pairs to use?
Hi aagarcia,

I am my own person champ, I learn my own way with the help of others like Alan, but before Alan gave insights I had already been doing my own thing with his software, he has been a great help to improve how this software is today!!

It is how you get better, Alan is still improving on his as well and you take his if that is how you choose, I choose to use trailing stop and no BE I believe Alan uses BE and fixed stops, depending on the news and the currency.

It will be a good 12 months to see how well this goes but how I have been doing it over the past 3 months has turned 3k into approx 4.5k so I am happy with how I am proceeding.

Hence demoing as news can be tricky with brokers!!

Yeah ALAn finally got it sorted, works a treat now, Spready is great to be able to now modify entries etc from a single sheet. I still have your original set up hidden away though hehe!!!

Greg
  • #145
  • Sep 8, 2016 8:06am Sep 8, 2016 8:06am
Quoting crootster
FYI, Only positive results for today, all the rest of news did not produce results!! I am currently trading approx 22 pairs each news trades 7 pairs approx, goal is to weed out the news and pairs not worthy to have a consistent run. Cheers Greg {image}

Hey, Greg.

What settings do you use?

I tried to run Minimum Bid Rate on EURUSD, but orders didn't trigger.
  • #146
  • Sep 8, 2016 1:05pm Sep 8, 2016 1:05pm
Quoting Alan111S
{quote} See you got the hang of using 'Default'.....LOL








Hi Alan.

Need some help. Could you have a look at my video.
You might see where I'm going wrong.


thank you.





Inserted Video
  • #147
  • Sep 8, 2016 8:05pm Sep 8, 2016 8:05pm
Quoting redfan
{quote} Hi Alan. Need some help. Could you have a look at my video. You might see where I'm going wrong. thank you. https://www.youtube.com/watch?v=HsQR3E4jPBQ
You're not going wrong at all. I've realised that the learning curve to use the CSV file is a bit too steep unless you have been playing with the EA for a while.
I'm planning to release 9.02 with a few fixes, but the default will be to have ReadSettings switched off. The EA zip won't include the settings as it will be a separate download. I've also included all other High impact events and written new instructions for how to use. So back to your video.

You loaded the next News successfully, but need to wait for the System Time to catch up to the News Time before it trades.
When you filtered for USD in FFSymbol it kept CAD as you also needed FilterByCurrency=true.
All the files belonging to the EA in MQL4/Files start with AmazingEA. The .xml file is the weeks news downloaded from FF and is what the EA reads to get the next News. You don't have to worry about that. The logfiles saying cannot open file is because the EA is running and Excel also has the file open at the same time. Even though I set it all up to be shareable, Excel doesn't play nice. Best option is shut down the EA (or MT4) then edit the .CSV and then start up again. The one with Tick in the name is a list of Bid and Ask prices and Spread recorded for 2 minutes during a trade. It's there to help you troubleshoot your settings.

So in the latest ReadMe which I haven't released yet I suggest people run 1) the EA manually initially, then 2) on AutoTradeNews=true and ReadSettings=false, then finally 3) with both set to true.

Given where you are I would go back to 2)
  • #148
  • Sep 9, 2016 2:55am Sep 9, 2016 2:55am
thank you will give it a try.
  • #149
  • Sep 9, 2016 11:24pm Sep 9, 2016 11:24pm
Quoting Alan111S
Guys I really can't recommend any particular broker. There was a time when I found one that gave me very good execution and a Maximum Spread of 6 pips. But like all good things, they changed their policy and the Spreads widened, and things aren't so good there after all. I found the best policy is to do your testing under current market conditions and go from there. I can't test every broker and they all change from time to time. Alan P.S. As a Commercial Member, I can only send 1 PM per day. So if you send me a general question which I reply to...
Yeah, We have spread issues. We need spread fixed brokers. Thanks Alan
  • #150
  • Sep 10, 2016 1:02am Sep 10, 2016 1:02am
By the way guys, I'm away next week with only limited access to email and the forum. I've decided to postpone releasing the next update until after I get back.
  • #151
  • Sep 10, 2016 1:16am Sep 10, 2016 1:16am

Inserted Video
Only the price on the chart can show the entrance to the deal...
  • #152
  • Sep 10, 2016 5:36am Sep 10, 2016 5:36am
Quoting radking
{quote} This happened to me so many time ... All these news that don't move enough and trigger SL after retracement That's why i only do NFP once a month so i'm sure volatility will be present
After one month of Straddling, I am going to have my first impression about this strategy. It's necessary to unravel by those quite well known difficulties and problems like widen spread, slippage, brokers trying to catch the SLs, are so present that I doubt it is possible to gain real money.

In fact, why does nobody post a verified statement on Myfxbook? I believe straggling strategies are not lucrative at all.

I'd like to be controverted.

Have a nice weekend.
  • #153
  • Sep 14, 2016 2:49am Sep 14, 2016 2:49am
I would like to try your EA on demo, is there any recommendation broker for this EA ? thanks for your kind reply
  • #154
  • Sep 15, 2016 1:07am Sep 15, 2016 1:07am
Hey All,
I heard someone whinge about no updates from anybody.

This is my purchased Amazing EA results for this week, there were a few bugs I had to fix to get this to work how I wanted it to.

It is on a Pepperstone Demo at the moment and I suppose the biggest issue going live will be the slippage which in a demo is an unknown!!

Cheers

Greg
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  • #155
  • Sep 15, 2016 1:23am Sep 15, 2016 1:23am
Dear Greg,

perhaps are you talking about me? First, if so, you should know I do not whinge, I am challenging someone honorable here. Second, it's easy to show demo positive statements, the difficulty, I repeat, is to gain REAL money.

By the way, if you are happy investing your money for showing how it works fine in demo, I even understand adult people likes to play with castles sand. So, it's ok.

Best regards.
/achab
  • #156
  • Edited 8:50am Sep 15, 2016 2:14am | Edited 8:50am
Dear Alan,
Dear all,

Please help

I am starting to give up, I wanted to test the old version manually before buying the latest one, so far I have been trading with a relatively small (but real) deposit on an NDD account, it's been 2 weeks and I am -20%

Half of the money was gone due to unnecessary experimentation on my part (e.g. trading retracements after the release) and half was taken by whiplashes - big movements are rare, wide PointsAway (from 100 to 150) didn't work well, they were usually triggered by tails and instantly closed by SL, so I changed my approach to narrow PointsAway (from 30 to 60), this works sometimes but it is hard to make money, as if you are lucky you catch only 5 to 10 pips on average on 15 pip movements (which otherwise would not have been triggered with wide PointsAway, or triggered with loss). But this way I constantly miss big movements, as due to narrow PointsAway I respectively set narrow MaxSpread.

I would really appreciate your advice, if someone successful with this strategy could put me on the scent

PS
Also, what's the advantage of trading 5 different pairs with 0.1 lot at the same release instead of 1 pair 0.5 lot? Would you say you diversify the risks?
Many thanks
  • #157
  • Sep 15, 2016 9:20am Sep 15, 2016 9:20am
Dear wizardaram8,

you have well synthesized the situation, similar to mine. I also tried also 8 different crosses and 10 different settings contemporaneously, for the same ideal reason, diversify the risks: the result was negative as well. Let's say "differently negative".

And, just to be clear, I trade only from a XEON dedicated server that costs more than $100 per month, just to be sure that nothing is left to the chance.

In my personal opinion, the results people can have on demo are 300% better then the in real: using real money will put into your pocket a little fraction of what shown in demo.

That said, put into the reasoning the whiplashes, the "wrong" news and you will be lucky if able to be flat, without loosing money.

As already written above here in this thread, I'd like to be controverted. Please post the evidences.

Best regards.
/achab
  • #158
  • Sep 15, 2016 9:47am Sep 15, 2016 9:47am
Quoting achab
Dear wizardaram8, you have well synthesized the situation, similar to mine. I also tried also 8 different crosses and 10 different settings contemporaneously, for the same ideal reason, diversify the risks: the result was negative as well. Let's say "differently negative". And, just to be clear, I trade only from a XEON dedicated server that costs more than $100 per month, just to be sure that nothing is left to the chance. In my personal opinion, the results people can have on demo are 300% better then the in real: using real money will put into...
I already posted 2 NFP results here = 2 win

Just stick to NFP
  • #159
  • Edited 10:32am Sep 15, 2016 10:18am | Edited 10:32am
Quoting achab
Dear wizardaram8, you have well synthesized the situation, similar to mine.
I changed my approach today, will keep you updated, so far so good, but it might be temporary, we'll see...
  • #160
  • Sep 15, 2016 10:24am Sep 15, 2016 10:24am
Quoting radking
{quote} I already posted 2 NFP results here = 2 win Just stick to NFP
As far as I remember you triggered both orders, the result is positive but arguably dangerous.
You went into loss with one order, but thanks to SL moved into profit with another, but what if slippage/whiplashes/smaller movement happen? Also it is hard for me to trade NFP as my broker's spread goes really crazy (20+ pip)
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