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Attachments: Straddle trading EA
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Straddle trading EA

  • #141
  • Sep 4, 2006 9:41pm Sep 4, 2006 9:41pm
Quoting TimeFreedom
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
TimeFreedom,

In order to maximize profit, it is probably better to just increase the lot size and go for an average size of pips (as long as you are OK on margin). Thinking along those lines, does anybody know the average range of pips during all of the important news releases. It would be interesting to see a spread sheet on this if anyone knows where this might be found. This would help to plan your TP setting perhaps.

1Trader2
  • #142
  • Edited 5:13am Sep 5, 2006 2:39am | Edited 5:13am
Quoting 1trader2
TimeFreedom,

In order to maximize profit, it is probably better to just increase the lot size and go for an average size of pips (as long as you are OK on margin). Thinking along those lines, does anybody know the average range of pips during all of the important news releases. It would be interesting to see a spread sheet on this if anyone knows where this might be found. This would help to plan your TP setting perhaps.

1Trader2

this thread may help you http://www.forexfactory.com/forexfor...ead.php?t=7711
  • #143
  • Sep 6, 2006 6:35pm Sep 6, 2006 6:35pm
I skimmed back through the thread looking for the best timeframe for this...is 1min or 5min a better choice with the straddle????


Thanks
  • #144
  • Sep 6, 2006 7:23pm Sep 6, 2006 7:23pm
Me again...found Timefreedom's post with the 1M chart so that takes care of that.

branac:

I'm goinng to use a lookback period of....I don't know...15 candles on a 5 minute chart as a 'micro range' for the end of the Asian session on the EUR/USD. I'll use the London open at 09:00 (Using FXDD, GMT +3) as the news event, fill in the other variables as just see what happens. Kinda crude what I'm looking for but I may rip into the code this weekend and totally trash it, who knows....I need a date...Damn, look at that toe-jam.
  • #145
  • Sep 7, 2006 7:48am Sep 7, 2006 7:48am
Quoting Palmer
Me again...found Timefreedom's post with the 1M chart so that takes care of that.

branac:

I'm goinng to use a lookback period of....I don't know...15 candles on a 5 minute chart as a 'micro range' for the end of the Asian session on the EUR/USD. I'll use the London open at 09:00 (Using FXDD, GMT +3) as the news event, fill in the other variables as just see what happens. Kinda crude what I'm looking for but I may rip into the code this weekend and totally trash it, who knows....I need a date...Damn, look at that toe-jam.
Sure thing, I was bussy these few days, hopefully weekend will be quiet so I can try to do something about it too.
  • #146
  • Sep 7, 2006 10:08am Sep 7, 2006 10:08am
Only thing is...I set the STWAN to 3600 for a 1 hour window after the open. The E$ stayed within the previous 15 candle range that I set and looks like it broke out to the downside about an hour after that ( STWAN 7200 = 2 hours). So, the logic is all there...it's just a matter of looking back at the Asian session to determine what you want your range to be ( # of candles back), then set the STWAN to how long you want to give that range time to break out of it. What would be cool is if you could add a variable to the break of the range like if price has been a moving average for a user input amount of candles and the current price is above that moving average also.....This is getting away from the EA for this thread..That's why I started a new thread in the MT forum...There have been only 7 replies, half of them from me so there may not be enough interest to get this going...bundyraider did post an EA that is a quick and dirty though......I'll probably rip into that to see what I can do....


I'll do what I can with that thread.....

I've got about 5pips on the Dolphins to win at Pittsburgh this evening. The line went from Pitt -4 to a pick. Got in on the pick. I'm not a Dolphins fan, I'm actually a Pitt fan but you have to take your emotions (and heart) out of it when it's your money...kinda like trading...aye?
  • #147
  • Sep 11, 2006 6:47am Sep 11, 2006 6:47am
Hello Everyone,

I've AmazingEA v1.8 on NorthFinance (NF) for the first time today on UK Trade Balance report and got out with +10 pips. So first of all, thank you very much for all the contributors on this thread...

To my question...I noticed that both SLs were set with the SL value + spread. So for g/u, it set it at 14 (10+4) for both sell stop and buy stop.

Are we going to get a net -14 loss if SL got hit even if the spread is already included in the "Ask" price?

Just got kinda confuse on this part. Appreciate any explanation that will clear my mind...Thanks!
  • #148
  • Sep 12, 2006 4:07am Sep 12, 2006 4:07am
Does anybody know why AmazingEA would be initialized and deinitialized during the news 3 times and no trade was started. What a shame! Finally I had to take it off, though it is a good EA.
  • #149
  • Sep 12, 2006 4:10am Sep 12, 2006 4:10am
The ea will only be able to place stop orders if your platform receives a tick at the precise time the ea is set to activate.
  • #150
  • Sep 12, 2006 4:28am Sep 12, 2006 4:28am
Used AmazingEA v1.8 on today's GBP news (CPI + Retail Sales) on NorthFinance trading .10 lots -- got filled exactly and hit TP for +20.
  • #151
  • Sep 12, 2006 7:48am Sep 12, 2006 7:48am
damn i wanted to straddle today the news. but the EA had a bug and i couldnt change the lotsize. so it was a nonevent for me

however the EA is a real nice one
  • #152
  • Sep 12, 2006 10:12am Sep 12, 2006 10:12am
Did anybody try run this EA in IBFX mini ac?...it is working on mini ac?
  • #153
  • Sep 12, 2006 10:22am Sep 12, 2006 10:22am
Quoting mazidah37
Did anybody try run this EA in IBFX mini ac?...it is working on mini ac?

yes i have running it on a mini acc. with IBFX, but today i had a bug in the live account and i couldnt change the lotsize but i think its something on my side becos the last NFP it worked correct(apart from the huge requote of IBFX)...
  • #154
  • Edited 11:04am Sep 12, 2006 10:47am | Edited 11:04am
Quoting ART_1_
yes i have running it on a mini acc. with IBFX, but today i had a bug in the live account and i couldnt change the lotsize but i think its something on my side becos the last NFP it worked correct(apart from the huge requote of IBFX)...
Thanks for your reply, Arts_1. I am using Live mini ac at IBFX to, will see what happened on next coming news "Wed. 09/12 7:35pm(GMT) USD San Fran Fed President Yellen Speak". I just do not know weither this EA will only open orders during heavy news or it will depand on whatever time we set it up.
  • #155
  • Sep 12, 2006 11:02am Sep 12, 2006 11:02am
Quoting wallym
... To my question...I noticed that both SLs were set with the SL value + spread. So for g/u, it set it at 14 (10+4) for both sell stop and buy stop.

Are we going to get a net -14 loss if SL got hit even if the spread is already included in the "Ask" price?

Just got kinda confuse on this part. Appreciate any explanation that will clear my mind...Thanks!

Hi wallym,
Try this one. It should place SL with the exact number of pips you specified. A word of caution though, I upgraded MT4 to build 196 and AmazingEA stopped working for me, so I wasn't able to test this fix.

If you can test it and let us know how it works, it would be much appreciated.

Thank you,
branac
Attached File(s)
File Type: mq4 AmazingEA-1.1.8.mq4   22 KB | 1,892 downloads
  • #156
  • Sep 12, 2006 11:23am Sep 12, 2006 11:23am
Branac,

Can your EA run in backtest, I try to load it using your previous version, does not trade any
  • #157
  • Sep 12, 2006 11:37am Sep 12, 2006 11:37am
Quoting mazidah37
Branac,

Can your EA run in backtest, I try to load it using your previous version, does not trade any
Hi mazidah37,

AmazingEA is not mine creation, it was made by FiFtHeLeMeNt, I only adjusted few things ...

After I upgraded MT4 to build 196 (Sep 8), the EA stopped working for me too. I am still trying to figure out did it happen becuase of the upgrade or there is something else.
  • #158
  • Sep 12, 2006 12:16pm Sep 12, 2006 12:16pm
Hmmmm...I upgraded to the new build as well and v1.8 worked fine last night on the GBP release....
  • #159
  • Sep 12, 2006 12:17pm Sep 12, 2006 12:17pm
Wait a minute...branac...is 1.1.8 not working or 1.8 not working with the new build???
  • #160
  • Sep 12, 2006 7:08pm Sep 12, 2006 7:08pm
sorry pips, i kept on referring to my version as 1.8 where it's actually 1.1.8 -- my bad.

the thing i noticed with the EA is the SL being set. if you put 10pips as ur SL entry and the spread is at 4pips, sometimes the SL price will be set to +14, +15, +16...i guess the price is changing "too fast" that EA can't update it accordingly...

anyhow, i've downloaded the version posted in post#155 and will try to use it next time...*thks branac*
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