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Straddle trading EA

  • #121
  • Aug 31, 2006 10:49am Aug 31, 2006 10:49am
The lookback range detemines the hi-lo range based on the # of candles to lookback and the pipsaway detemines how far your stop orders will be placed from the maximum lookback bars. I've had problems with the STWAN or seconds to wait before cancelling orders. I think you can you this EA for a Application you have decribed. The GPB most always makes vertical moves pre and post open. Let me know how it works!!




Quoting Palmer
I'm 'conceiving' a range breakout system based on a given range before the London open. I can use v1.8 in the following manner:

The "news event time" would just be how long I'd want to wait after the London open.

The lookback period (to figure the hi-lo range) would just be the number of candles back I want to take the range from, including the current bar.

# pips away from the hi-lo, same
time before/after for order mods/placement = same

I'd add a few conditions to the orders to go long or short.

So, correct me if I'm wrong (I usually am), but the logic for the lookback period, hi-lo range, and pips away for entry is the same...isn't it?

If I 'see something of interest' I'll post it in another thread to keep this thread as is since this is a different method. Any thoughts on this????

Thanks guys....
Trade what you see - Not what you think
  • #122
  • Aug 31, 2006 11:23am Aug 31, 2006 11:23am
Give me some time but I'll put in into a different thread to keep the current thread as is. I'll be sure and mention the "Authors" of the code as well. I believe in giving credit where credit is due.....
  • #123
  • Aug 31, 2006 1:15pm Aug 31, 2006 1:15pm
Quoting KudzuFX
Hey guys,
I am using AmazEA 1[1].1.8 and I don't see an input box for the magic number. How do you enter this?
Thanks,


PipTip:
"The trader's account grows when the the trader grows."
The magic number is created automatically by EA so that every order would have a different one. I can make an input box for it if you really want it, but that can be dangerous, because of the logic of the EAs code, if you give your orders the same magic number it will get confused when it tries to modify them.

Maybe if you give some explanation why do you want to manually set the magic number ...

branac
  • #124
  • Aug 31, 2006 1:21pm Aug 31, 2006 1:21pm
Hi Palmer,

I am interested in your little project. Just wanted to clear out one thing with you.

When you mantioned: "# pips away from the hi-lo, same"; the variable Pipsaway means how many pips away from the current price the order will be placed.

I don't know will that work for you and/or are we talking about the same thing.


branac
  • #125
  • Aug 31, 2006 1:56pm Aug 31, 2006 1:56pm
I'm not in front of my computer so I'll have to dig into that one...College football kicks off tonight so it may be a few before I get back but I'll keep you posted....thanks



ROLLLLLLLLLLLLLLLLLLLLLLLLLLLL TIDE ROLL
  • #126
  • Aug 31, 2006 2:38pm Aug 31, 2006 2:38pm
Ok, hmmmmmm.....you must remember that most of my ideas pop into my head at about 2:47AM Central Time US...then I wake up 3 hours later with no clue about anything and my cat looking at me funny....Pipsaway = pips away from the current price the order will be placed. I see what you mean, that has nothing to do with the range at all....I don't have the code in front of me so I may have been thinking about something that might not be possible with your EA...But what I'm thinking about is the good ol' range breakout thingy. I'm just throwing this out here...Take the previous hi-lo range from the 5 hours before the London open (the Asian session), your entry for long is 10 pips above the hi of the range, for short 10 pips below the low of the range. If price reaches say, the 10 pips above the hi of the range and the close of the last price bar is above, hell I don't know, a 20EMA, then go long for a TP of 20 and a SL of 20 with a TS thrown in there. I thought I could do this with your EA but now I'm thinking different. Remember, 2:27AM and my cat looking at me funny...I may have to start a different thread for this. I'm in the process of teaching myself the language and I have a ways to go. I was thinking that I could use your as a jump start...I know range breakouts have been done to death, I just want to be able to see the code so I can look at a few things. Not looking for an always in the market system, just a one trade a day thing. I'll stew on this for a while but if you want to run with this, please do. Or, I can just post a 'request thread' here on FF for this type of system....Don't want to put a burden on anyone really....
  • #127
  • Aug 31, 2006 3:11pm Aug 31, 2006 3:11pm
Hi folks, I have been folloiwing this thread for quite a while - very interesting. I am goign to start testing in demo. Can Branac or someone post some simple instructions for Amazing v1.1.8? The Amazing For Dummies Version :-) Thanks in advance!

SirWolf
Believe and Achieve!
  • #128
  • Aug 31, 2006 4:02pm Aug 31, 2006 4:02pm
Quoting sirwolf
Hi folks, I have been folloiwing this thread for quite a while - very interesting. I am goign to start testing in demo. Can Branac or someone post some simple instructions for Amazing v1.1.8? The Amazing For Dummies Version :-) Thanks in advance!

SirWolf

Let's see if this can help:


1) Pipsaway - how many pips abowe and/or below the current price the orders will be placed

2) TP - Target Profit, you enter the amount of pips, when your order gets into profit this amount of pips, it will be automatically closed

3) SL - Stop Loss amount in pips

4) NDay - News Day

5) NHour - News Hour

6) NMin - News Minute
These three parameters (day, hour and min) are your broker's date and time

7) 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; This parameter was used in version 1.7 do automatically determine the amount of pip for a SL (stop loss), it's not used in version 1.8 (hmmmm, i guess it should be removed then )

8) SecBPO - Seconds Before News Which EA Will Place Pending Orders; well this is not going to happen at the exact second you specified, coz EA code is executed only when a tic signal comes from your broker, but around the news price movements are frequent so you will probably not notice the difference

9) SecBMO - Seconds Before News Which EA Will Stop Modifying Orders; Now, once your order are placed, the EA will follow the price movement and modify orders accordingly so that they are always exactly "Pipsaway" pips away from the current price. With some volatile news this can be quite often, so if that creates a problem with your broker you can set this to half of the value you put for SecBPO, if you put this to be equal as SecBPO than EA will not modifie the orders at all

10) STWAN - Seconds To Wait After News to Delete Pending Orders; this is the timer to cancel all the order that did not get triggered

11) OCO - One Cancel The Other, true or false, will cancel the other pending order if one of them is hit; if this is set to true, when your buy orders get hit the corresponding sell orders will be, at the same moment, cancelled, and vise versa, without waiting for STWAN time

12) BEPips - Pips In profit which EA will Move SL to BE+1 after that; a nice way to lock in some profit, if you leave it at 0 nothing will happen

13) TrailingStop - Trailing Stop; enter the amount of pips you want your trailing stop to be and EA will track all profitable orders

14) mm - Money Management; true or false; if you set it to true, EA will automatically determine the number of lots for your orders, in according to the risk you are willing to take

15) RiskPercent - The risk you are willing to take on any single order

16) Lots - Number of Lots for your orders; if you set mm to false, than you have to tell to EA how many lots to use for the orders; so if you put here 1, every order will be placed with 1 lot

17) TradeLog - EA will use this to create a name for the log file. You will find this file file in the experts folder of your MT4 platform, with detailed explanations what took place while EA was running.

So, when you attach this baby to your chart and set it the way you want, it will monitor what is happening, place buy and sell orders, modify them, trail stop them, move hard stops to break even ... and do the best it can to help you make some pips. Test it on demo before you go live, to make yourself comfortable with it and to see how it will interact with your broker.



Have a good one

branac
  • #129
  • Aug 31, 2006 4:09pm Aug 31, 2006 4:09pm
Quoting Palmer
Ok, hmmmmmm.....you must remember that most of my ideas pop into my head at about 2:47AM Central Time US...then I wake up 3 hours later with no clue about anything and my cat looking at me funny....Pipsaway = pips away from the current price the order will be placed. I see what you mean, that has nothing to do with the range at all....I don't have the code in front of me so I may have been thinking about something that might not be possible with your EA...But what I'm thinking about is the good ol' range breakout thingy. I'm just throwing this out here...Take the previous hi-lo range from the 5 hours before the London open (the Asian session), your entry for long is 10 pips above the hi of the range, for short 10 pips below the low of the range. If price reaches say, the 10 pips above the hi of the range and the close of the last price bar is above, hell I don't know, a 20EMA, then go long for a TP of 20 and a SL of 20 with a TS thrown in there. I thought I could do this with your EA but now I'm thinking different. Remember, 2:27AM and my cat looking at me funny...I may have to start a different thread for this. I'm in the process of teaching myself the language and I have a ways to go. I was thinking that I could use your as a jump start...I know range breakouts have been done to death, I just want to be able to see the code so I can look at a few things. Not looking for an always in the market system, just a one trade a day thing. I'll stew on this for a while but if you want to run with this, please do. Or, I can just post a 'request thread' here on FF for this type of system....Don't want to put a burden on anyone really....
Hey Palmer my man,

I just realized, AmazingEA already has the code for finding out the hi-lo range for the number of bars you specify, it was used in the previous version to determine the stop loss. It's not used in version 1.8 for the stop loss but the code is still there; we can rewrite the order placing code to use the value returned by "hi-lo range" code instead of the Pipsaway parameter.
  • #130
  • Aug 31, 2006 4:28pm Aug 31, 2006 4:28pm
OK, I'm still in the 'office' and won't be able to do anything until Tuesday afternoon next week. I've got 'house guests' all weekend and I've got some commitments this evening. I've got 1.7 also so I'll look at that version and start with that one. But, it'll be next week before I can start my brain in FX mode again....I'll PM you with some 'stuff' early next week. But the meat of all this would be like I said earlier:

I'm US Central time and the London open for me is 2am. I use FXDD and the way you have 1.8 set-up to enter the time (chart time) is fine, use the chart time so we don't have to figure out server time +/- so many hours, that drives me to drink sometimes. I'm thinking EUR/USD here, not that it matters.

1)Figure the hi-lo range from 9pm to 2am, or user specified, = range.

2)At or sometime after the London open a long/short entry is taken +/- 10 pips (or user specified) above/below the range.

3)TP, SL, TS, user specified

4)Conditions can be added such as if price is above a moving average when the price = hi of the range + 10 pips then go long. Or if price is 10 pips above the high and RSI > 50 go long....there are numerous possibilities here.

5)Trade on MTWThF only.

In a nutshell...that's it....

I'll look through 1.7 first to get a handle on that....I PM you early next week.

Trade On!
  • #131
  • Sep 1, 2006 11:09am Sep 1, 2006 11:09am
Hello all,

Just an update for Amazing EA and NFP today. I traded two demo accounts, 1 Alpari, 1 FXDD and 1 live account in FXDD. All three went off without a hitch. The Alpari account made $1000 on 2.5 lots, 40 pips. The FXDD demo account made $500, 1 lot, 50 pips. The FXDD live account made $140. It was set for 1 lot, 50 PIPS TP, but I exited manually when the trade reversed on me on the 1 minute chart. All accounts traded on 1 minute chart.

Lessons learned:

1) Alpari has the slower feed.
2) After entry, go to the 15 minute chart to follow trade. You will be less inclined to manually exit trade and let it mature. I jumped the gun on the live trade...talk about Trader psychology!!
3) Increased lots & decreased PIPS would book more profit. 50 PIPS was about the maximum for this run.

Anyway, Amazing EA worked great. Will need to experiment with some of the other settings, like TS, etc.
  • #132
  • Sep 1, 2006 11:27am Sep 1, 2006 11:27am
Hi all,

Great to hear it worked nicely for you 1trader2. It didn't work me this time.

I had AmazingEA running on my FIBO Group live account, and nothing happened. When I checked the EAs log there was a whole bunch of errors like this one:

Error Accured : off quotes BuyStop @ 1.28130000 SL @ 1.28300000 TP @1.27630000 Time 2006.09.01 14:29:33

I don't know the cause, did they try to requote me? I set the EA to start placing orders 40sec before the news, maybe that was too late and that's why the orders didn't go through. Last month I set it on 60sec and orders were placed and filled without problems. Well, next time I'll try 60sec again ...

Oh yes, 1trader2, did you set Amazing to modify the orders after they are placed, and if yes did you notice any problems? Thank you.

branac
  • #133
  • Sep 1, 2006 1:34pm Sep 1, 2006 1:34pm
Worked for me as well. I had my entry too close to the actual price. Got taken out on the buy side with that spike-wash...Made it back on the downside though...

Have a safe weekend everyone.
  • #134
  • Sep 1, 2006 2:56pm Sep 1, 2006 2:56pm
Quoting Palmer
Worked for me as well. I had my entry too close to the actual price. Got taken out on the buy side with that spike-wash...Made it back on the downside though...

Have a safe weekend everyone.
for me it was worse on interbankfx. my order got filled 40-50pips later as it should be so i made only 10 pips and exited manually. but i made a few pips more on my oanda account, so it was ok...

palmer can i ask who your broker is?

thx
  • #135
  • Sep 2, 2006 7:10am Sep 2, 2006 7:10am
Quoting branac
Hi all,

Great to hear it worked nicely for you 1trader2. It didn't work me this time.

I had AmazingEA running on my FIBO Group live account, and nothing happened. When I checked the EAs log there was a whole bunch of errors like this one:

Error Accured : off quotes BuyStop @ 1.28130000 SL @ 1.28300000 TP @1.27630000 Time 2006.09.01 14:29:33

I don't know the cause, did they try to requote me? I set the EA to start placing orders 40sec before the news, maybe that was too late and that's why the orders didn't go through. Last month I set it on 60sec and orders were placed and filled without problems. Well, next time I'll try 60sec again ...

Oh yes, 1trader2, did you set Amazing to modify the orders after they are placed, and if yes did you notice any problems? Thank you.

branac
Branac, et al.

I'm working this week-end, but will get back to you with my settings. Maybe its a settings issue.
1trader2
  • #136
  • Sep 3, 2006 8:39pm Sep 3, 2006 8:39pm
Quoting branac
Hi all,

Great to hear it worked nicely for you 1trader2. It didn't work me this time.

I had AmazingEA running on my FIBO Group live account, and nothing happened. When I checked the EAs log there was a whole bunch of errors like this one:

Error Accured : off quotes BuyStop @ 1.28130000 SL @ 1.28300000 TP @1.27630000 Time 2006.09.01 14:29:33

I don't know the cause, did they try to requote me? I set the EA to start placing orders 40sec before the news, maybe that was too late and that's why the orders didn't go through. Last month I set it on 60sec and orders were placed and filled without problems. Well, next time I'll try 60sec again ...

Oh yes, 1trader2, did you set Amazing to modify the orders after they are placed, and if yes did you notice any problems? Thank you.

branac
Branac,

I have had some BAD expeirence with Fibo Group trading the news. Within seconds before news release I usually lose connection to broker and if I don't lose connection they freeze charts, and whatever else they can do to make it a bad news trading expeirence. I closed my account with them after a few news trades with exactly same results. I would NEVER reccommend Fibo Group for any kind of trading not even demo. I currently use IBFX when trading with AmazingEA.

TimeFreedom
  • #137
  • Sep 3, 2006 9:16pm Sep 3, 2006 9:16pm
I use the following AmazingEA (AEA) settings:

TP=20
CTCBN=4 //High & Low of Previous 4 Bars and Current Bar
SecBPO=90 //1 Minute and 30 Seconds before News AEA will Place Orders
SecBMO=30
STWAN=60 //All Trades are Canceled or Closed After News Bar is Closed
OCO=True
BEPips=5
TrailingStop=0
MM=True
RiskPercent=5
Lots=1.0

I am currently testing the posted settings with the following changes to try and maximize gains:
TP=100
SecBMO=0
STWAN=180
TrailingStop=15

Please refer to post http://www.forexfactory.com/forexfor...&postcount=128 for setting description.

TimeFreedom
  • #138
  • Sep 4, 2006 9:10am Sep 4, 2006 9:10am
ART 1:


I trade with FXDD. Now, the spread on the EUR\USD did go from 2 to 10 pips right before the news was released. I'll widen my straddle zone next time we have a red flag calendar release.
  • #139
  • Sep 4, 2006 9:21am Sep 4, 2006 9:21am
Thanks guys for your reply. I will try to trade few more "red folder" news with your settings TimeFreedom.
  • #140
  • Sep 4, 2006 9:37pm Sep 4, 2006 9:37pm
Quoting branac
Hi all,

Great to hear it worked nicely for you 1trader2. It didn't work me this time.

I had AmazingEA running on my FIBO Group live account, and nothing happened. When I checked the EAs log there was a whole bunch of errors like this one:

Error Accured : off quotes BuyStop @ 1.28130000 SL @ 1.28300000 TP @1.27630000 Time 2006.09.01 14:29:33

I don't know the cause, did they try to requote me? I set the EA to start placing orders 40sec before the news, maybe that was too late and that's why the orders didn't go through. Last month I set it on 60sec and orders were placed and filled without problems. Well, next time I'll try 60sec again ...

Oh yes, 1trader2, did you set Amazing to modify the orders after they are placed, and if yes did you notice any problems? Thank you.

branac
Branac,

Here are the settings that worked for my three accounts on Friday's NFP.

Pipsaway=10
TP=40 or 50
SL=10
CTCBN=0
SECBPO=300
SECBMO=150
STWAN=150
OCO=TRUE
BEPIP=20
MM=FALSE
TS=0

Hope this helps. Also, I have no record of any modifying of orders, other than my Buy Stops were all cancelled.

1Trader2
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