Awesome - original version

[eaymon]

eaymon is working on a news filter. I will cheerfully accept it once he does so - I am not one to turn down free code and will accept it with gratitude.

Do I think there is any point in doing so? Nope. News rarely even creates a spike that can respect itself these days. Angsting about new releases is a waste of energy.

I completely agree.. but it your account is tied until it corrects itself. Which really depends on the Market Makers.

A similar example would be EURUSD. I have a trade open since the 20th of July... I know it's coming back but it's tying up a portion of margin. which could also be seen as a lost opportunity cost.

[1Direction]

If the EA can close profitable news affected pairs X minutes before the news I think this would be extremely helpful.

Manual closure is of course also possible but always bind with the risk to miss the news or not being at the desk etc.

[eaymon]

My thoughts on today is that it has been helpful to get an idea of what we are looking at in terms of drawdown for a big ish news event. Tomorrow will be another.

For me the total drawdown so far is at an acceptable level and does not cause any concerns or present any problem that needs to be dealt with. Around 1/3 of my profit for the last two weeks is not a big deal. However what is key is how quickly it recovers and tomorrow will be the true test of that. I suspect and hope that it will without any intervention.

I had two live manual positions open this morning in profit and I closed them. If I had been trading Awesome Live I would have closed it down too and restarted next week. But this is what testing is for, to test all eventualities and see how it copes. I still believe in the possibility of it running all pairs, 24/5 and self balancing after any big moves but only time will tell on this. Tomorrow will be fun to watch.

A news filter may be helpful or it may be unnecessarily complicated. Of course it will be great to test and see what difference it can make. Once Steve has added the daily/weekly profit controls then manual intervention to close before news or weekends will be very easy.

I am curious to see how the market plays out tomorrow too.

The account where I have 10% DD, only really started trading 36 hours ago and if I had started it on Sunday, it would still be in 5-7% profit for the week. I think anything up to 20% is acceptable especially since its diversified.

If my account didn't take the trades it could trade other opportunities instead of being locked for the time being. One thing I haven't looked at which I always forget to, is:
I stop trading because of one event but how many profitable events do I also lose?

[OmarSM]

Hi people,

The past event has assured the mantra of using small lot sizes versus equity. At the moment, Awesome is too early in its infancy. Lets see how it handles more trading days to have a better understanding of its behavior.

My $3000 demo is sitting on a 5% DD using all pairs, hands free mode, with Awesome+M1Basket set file and PoS+SteveM1 set file. If the EA keeps consistently bringing above 1% daily profits, it's a winner.

Again, thanks to all involved in these creations

[eaymon]

Hi people,

The past event has assured the mantra of using small lot sizes versus equity. At the moment, Awesome is too early in its infancy. Lets see how it handles more trading days to have a better understanding of its behavior.

My $3000 demo is sitting on a 5% DD using all pairs, hands free mode, with Awesome+M1Basket set file and PoS+SteveM1 set file. If the EA keeps consistently bringing above 1% daily profits, it's a winner.

Again, thanks to all involved in these creations

Interesting... My net DD(DD after profit) is slightly less than yours...

Are you running both sets on the same account? I don't know if that is a good idea...

[TraderJoeForex]

Here are the results for my non basket set.

Interestingly H4 is the only timeframe that has hit TP on all trades so far and without any recovery trades. The open drawdown is from M15 and H1 trades in recovery. From next week I will reduce the TP size further on M15 and H1.

[eaymon]

Today's Update :

all balances started at $10k.

Day 4:
Awesome all timeframes non basket.set

Balance : $10,894.58
Equity : $10,178.00

~ $716 floating loss

Awesome M1 basket.set

lot sizes and balances fixed
Balance : $10,766.46
Equity: ~$9,817.70

~ $912 floating loss

Steves four timeframe.set

Balance : $10,745.15
Equity : $10,128.00

~ $617 floating loss

Marginal increases on account 1 and 3 on the balance but a lot more floating loss. M1 basket increased 1.5% but I now have 8-9% of DD lets see if there is any change over the next week. If i didn't trade GBP on account 2 it would be in a better place. Surprisingly majority of the DD on #1 and #3 are related to USD pairs and has been like this for two days in a row.

Lets see how tomorrows news will affect them.

[wallywonka]

ok guys I'm close to finishing the code for handling the news.

The inputs are as follows:

Code: Select all

extern string  avo="---- Avoid News ----";
extern bool    StopTradingNews=true;
// stop trading for high, high/medium or high/medium/low events 
extern int     Stop_Impacts_H_HM_HML_123=1;
//Stop trading XX minutes before the news event
extern double  NewsMinutesBefore=60;
//Stop trading XX minutes after the news event
extern double  NewsMinutesUntilResume=240;

It will pull the news from forex factory every 60 minutes and parse the saved file every 10 minutes.
It will then save all current events in memory that are within range.
There is a separate method :

Code: Select all

 IsNewsInRange(string cSymbol) 

That will return true or false whether the news is nearby for a particular currency. So Awesome can still run on other pairs whilst the news plays itself out.
It still needs to be implemented where we choose to close and open trades.

Are there any other inputs, control or functionality you need?

Eaymon

Maybe an option to kept trading but close the pairs affected by the news and also the option to completely disable trading

[eaymon]

Maybe an option to kept trading but close the pairs affected by the news

That's what it is designed to do... unless you mean something different?

and also the option to completely disable trading

disable from opening any new ones and close all trades?

[TraderJoeForex]

what is key is how quickly it recovers and tomorrow will be the true test of that. I suspect and hope that it will without any intervention.

..looking healthier this morning already with a couple of pairs closed out through recovery overnight. It's really just GBPJPY hanging now for me so looking forward to NFP to hopefully deal with that.