Scoob you are the deep throat of Forex ... Love ya work!
Trading correlation pairs by using the other pairs 751 replies
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Robot trading 120 replies
DislikedI am actually working on allowing you to run this methodology 24/5. This does go against one of the main rules about BOJ intervention but it maybe possible. I obviously need todo allot more research before revealing how.
Attached is a current statement using the same lot size for all trades. This currently means the baskets do remain open for longer.
I set my basket TP to just (Lot size X 200)
Will report back my findings soon.
Detailed analysis can be found on this link: http://www.myfxbook.com/members/leno...t-trading/5526...Ignored
DislikedCan anyone verify which indicator the latest robot, scooby-doo BOJ basket trading robot V1.5, is using... RS_GROUP_JPY V1.2 or RS_GROUP_JPY Strength Index ?Ignored
DislikedSteve,
When you have time, then you should build in FFCal. As you shouldnt enter any new trades 90 mins before or 60 mins after economic news affecting JPY. Unless you have allot of knowledge/experience of JPY markets.Ignored
DislikedThe one thing missing unfortunately and the one thing we will probably never be able to program into this, is the BOJ's pre injection volume.
Its a 3 step volume, as per most central bank injections. The only thing is its easier to pin point as markets overall tick volume is low.
Unfortunately, there is no accurate volume indicator for mt4, or any other free-to-trade software.
Strategy should work without though.
You also will want to stay clear of RBA news for BOJ trades also. AUD news effects carry trade volume with in effect, causes...Ignored
DislikedI been doing some more trades ignoring the BOJ intervention. I would'nt advise any of you todo this yet as I have not finished my research.
http://www.myfxbook.com/members/leno...t-trading/5526
Cheers.
PS. Its based on 80/20 on Higher TF (H1) and 90/10 on Lower TF (M15).Ignored
DislikedDid you use an EA to make those trades and which one? Thanks for sharing your great insight of BOJ with us.Ignored
Disliked2nd basket opened 8:47 GMT sold 10:38 GMT 132 profit. Basket open a lot longer 1 hr 55 1st basket only 28 min
$ 197 from 2 baskets and 10 winners. I had 2 single trades but closed 1 manually at BE only because it kept going up to +17 then -18 it hit +15 i put a 15 TS on it. The other was-16 when I went to bed but close up for very small gain. NO DD TOO I changed the SL and TP from 1000 to 100 and 2000 to 200 I didn't realize this was a 5 digit default. Still have multiplier at 120 for now
Thanks Steve and Scooby for a real educationIgnored