Sahar,
Steve always keeps the timing option local i.e. your computer time. Am I right Steve?
- #41
- Nov 3, 2009 3:36pm Nov 3, 2009 3:36pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
- #43
- Nov 3, 2009 3:41pm Nov 3, 2009 3:41pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
SELL XXXJPY = start monitoring from 10.30pm GMT until 00.00am GMT
BUY XXXJPY = start monitoring from 07.30am GMT until 09.00am GMT
Sorry if i caused some confusion.
- #45
- Nov 3, 2009 3:45pm Nov 3, 2009 3:45pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
You should sell xxxjpy now!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
What told you this?
Cheers
Cheers Vinesh. I was about to add exactly that. Saves us all fretting about offsets.
In my 1st snapshot, you can see I set the time for EA to Sell at 6.00 and Buy at 15.00, but the Ea stated " Outside Trading Hours".
Cheers
Sahars
- #48
- Nov 3, 2009 3:51pm Nov 3, 2009 3:51pm
- Joined Jul 2009 | Status: Trader | 2,158 Posts
OK, did so and the basket is well into profit.
What told you this?
Cheers
- #49
- Nov 3, 2009 3:53pm Nov 3, 2009 3:53pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Yep..I thought so also. But strange part is the EA is stated "Outside Trading Hours" if I use the local time. FYI..our time is slightly 1 hour delay from Tokyo time. Tokyo time is open at 8.00am (Tokyo Time) while we are in Malaysia shall set the EA at 6.00am (which is equivalent to 7.00am Tokyo time) for Sell while 15.00 hours (which is equivalent to 04.00pm @ 1600 hours Tokyo time).
In my 1st snapshot, you can see I set the time for EA to Sell at 6.00 and Buy at 15.00, but the Ea stated " Outside Trading Hours".
Cheers
Sahars
No idea, Sahars. Sorry. Never can get my head around times other than those in my own time zone. That is why I always use local time. Find out what your local time is when Tokyo gets going and that should provide the answer you need. Don't ask me; I am clueless.
. BTW...when Tokyo is open, my local time is at 7.00am, and the instructions say I should set the time 1 hour before the opening time which is at 6.00 am and the same also apply for Tokyo closing time. Thanks anyway for your explanation.
Cheers
Sahars
- #51
- Nov 3, 2009 4:00pm Nov 3, 2009 4:00pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Basically from your prospective the KG indicator had a reading below 10 prior to Tokyo official opening time of 00.00 GMT. The BOJ have automated systems which kick in and obviously some traders start before the official opening time. I said to start monitoring at 10.30pm GMT because Sydney is on-line and they will also start to move the XXXJPY's against their own.
For us retail traders, an indi showing oversold means we prepare to buy. Showing overbought, we prepare to sell. Doing the opposite confuses the hell out of me, even though I understand why.
Not a problem except I am fighting myself all the time here. So far, the bout stands at Steve 10, Steve 0.
Loving this, despite the occasional headache.
- #52
- Nov 3, 2009 4:02pm Nov 3, 2009 4:02pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
No problem Steve...
Thanks anyway for your explanation.
Cheers
Sahars
- #53
- Nov 3, 2009 4:06pm Nov 3, 2009 4:06pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
In the morning, I will knock up a couple of scripts that place buy/sell orders for all the pairs in the JPY basket, so we can all react a bit more quickly and easily when scooby-doo sends us a prompt.
Until we learn to spot the signal for ourselves, this will be useful.
Actually, when we learn to spot the signal for ourselves it will still be useful.
Until we learn to spot the signal for ourselves, this will be useful.
Actually, when we learn to spot the signal for ourselves it will still be useful.
- #55
- Nov 3, 2009 4:10pm Nov 3, 2009 4:10pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
if you had followed my advice 30mins ago then you would have made around 240 pips on the combined basket.
not bad for less than an hour's work.
- #56
- Nov 3, 2009 4:17pm Nov 3, 2009 4:17pm
- Joined Jul 2009 | Status: Trader | 2,158 Posts
Yep. Up about five hundred so far. Live, I would close down and swallow the profits with a self-satisfied sigh. It is demo, so I will let the basket ride for a while.
i hate to use the phrase but it is like taking money off children. Not that I would.
Like i said, if you dont get too greedy then it is win win.
- #57
- Nov 3, 2009 4:21pm Nov 3, 2009 4:21pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Wow. Watch that basket go.
- #58
- Nov 3, 2009 4:24pm Nov 3, 2009 4:24pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Ok, so having watched that basket go, I have now closed it. The indi was into the overbought area, so I assume my sell trades are about to reverse. that was fun.
Thinking in robotic terms, scooby-doo, any suggestions for trade closure?
Thinking in robotic terms, scooby-doo, any suggestions for trade closure?
- #59
- Nov 3, 2009 4:32pm Nov 3, 2009 4:32pm
- Joined Jul 2009 | Status: Trader | 2,158 Posts
Ok, so having watched that basket go, I have now closed it. The indi was into the overbought area, so I assume my sell trades are about to reverse. that was fun.
Thinking in robotic terms, scooby-doo, any suggestions for trade closure?
In coding terms/robot with know knowledge of market conditions etc then I would say basket ($) profit is > (Lots x 120) AND the KG indicator is > 50 for SELL XXXJPY and basket ($) profit is > (Lots x 120) AND the KG indicator is < 50.
Using the KG indicator I would SELL XXXJPY below 10 and BUY XXXJPY above 90.
This is purely being on the safe side, like I said it is better to bank the profits even if it may seem too early. At this stage you are all still learning about market movement etc.