This system is based on the direct daily intervention of the Bank of Japan in the currency market when their currencies become oversold and overbought. We will be trying to detect these situations using combined RSI values on two different timeframes and MA's for confirmation.
Requirements:
Requirements:
- A standard demo account with a minimum of 2500 of base currency.
- No other robots or manual trades to interact with the account.
- Have read the BOJ Intervention Policy document.
- No ECN brokers.
- Based in the UK or local machine set to GMT timezone.
- Broker allows AUDJPY, CADJPY, CHFJPY, EURJPY, GBPJPY, NZDJPY and USDJPY.
- Good understanding of the currency market.
- At least 5 vouchers to post to the thread.
- Be prepared to provide constructive feedback.
- Able to attach the EA to a GBPJPY 15M chart.
- Broker is 3, 4 or 5 digit.
Installation:
- Download the JPY Group Expert advisor and save it to your MT4 experts folder.
- Download the JPY Group Index indicator and save it to your MT4 indicators folder.
- Download the Economic News indicator and save it to your MT4 indicators folder.
- Download the BOJ Intervention Policy document and save it to your windows documents folder.
- Attach the EA to a GBPJPY 15M chart.
- Makesure you allow DLL imports.
This is still very much a work in progress system and this is why it should be confined to demo accounts for the foreseable future.
I am fully aware that you can download and decompile the source code and modify it. However, doing so will more than likely have an adverse effect on your account balance.
Cheers,
Scoobs
PS. I will try to answer all questions but please note that I am actually going to be in Tokyo for the rest of this week.