I’ve just released a new After News Trading EA. You can download a Demo version from:-
http://www.forexfactory.com/showthread.php?t=615539
This EA uses similar technology as AmazingEA such as the ability to download the calendar from Forex Factory and set parameters from a CSV file (spreadsheet) but is very different in execution.
First of all, it doesn’t place any orders at all until at least 5 minutes after a news event.
Secondly, it doesn’t use Stop Orders only Limit Orders, so it is not affected by Slippage or excessive Spread or any other Broker tricks.
Thirdly, Stop Losses are not moved and there is no concept of Break Even or Trailing Stops. Take Profit is set and adjusted using a Fibonacci algorithm.
Lastly, it may not trade at all unless there is a reasonable reaction to the News or whether the Trades are set to AllowBuys or AllowSells in the CSV. Only a very few News events are configured to False right now.
I believe that this EA will be Unique in the EA market. There are ‘News EAs’ and there are ‘Fibonacci EAs’ but I don’t know of any that combine both to make trading decisions.
The Live Account has only just been setup and may not yet have any trades on it. Please check back during December.
G’day Alan, how are you mate?
Haven’t spoken in a while, the last time was on the FF Amazing EA thread when you released v7.00.
I am leaving a message here as for some reason I am blocked from posting on FF.
I think you are definitely on a winner with AmazingFiboEA. Just wanted to let you know the UseBrokerTime setting is default to ‘true’. I am running AmazingEA and AmazingFiboEA side by side and this setting is fine on the AmazingEA. Probasbly a bit of missing code.
Really looking forward to this EA, and you are right, there isn’t anything on the market that incorporates the News and Fibonacci.
Take care mate
Kindest regards
Tony (tonyharmony)
Hi Tony, Thanks for your comment. I’m sending you a message to your email about posting on FF.
Yes, UseBrokerTime is set to true on purpose. In fact I will remove it from the list of Parameters as it has to be true for two reasons. One is that I can’t work something out unless I have the broker time and second because we are using Candle High and Lows, the time needs to be aligned with the charts. Glad you are trialling it – I have made quite a few subtle fixes and will release V1.1 shortly
Alan
Thanks Alan for the clarification, and the prompt response, it is greatly appreciated. Just awaiting the AUD Monitary Policy Minutes at 10:30am (My time in Queensland)
Take care mate!
Will look forward to the new update.
Kind regards
Tony