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scooby-doo BOJ JPY pairs trading robot

  • #61
  • Nov 3, 2009 6:43pm Nov 3, 2009 6:43pm
Quoting scooby-doo
I would close when your basket ($) is > than your desired TP.

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...
Thanks scooby-doo. Got that, copied it, saved it and will work it into the robot.

This 120 figure has cropped up in the KG thread - (Lots x 120) is what you cite as a take profit figure. Why?

  • #62
  • Nov 3, 2009 6:47pm Nov 3, 2009 6:47pm
Quoting scooby-doo
Tomorrow, i will put together a pdf of exactly what i have been trying to explain here with this BOJ method. You will then be able to use it as a reference for automated or manual trading.

I will try and have it ready by tomorrow evening as I will probably be very busy with my commercial trading activities during the day.
Fantastic. Ignore my latest questions. Go to bed instead.

Don't rush the pdf. We are all more than happy to wait for you to have the time available. Your help is invaluable.

Try to imagine you are not completely ignorant of a subject. You know enough to know you do not know much. That is how most of the rest of us feel here. Your insights are breathtaking to us and we are hugely grateful to you.

  • #63
  • Nov 3, 2009 6:49pm Nov 3, 2009 6:49pm
Quoting SteveHopwood
Thanks scooby-doo. Got that, copied it, saved it and will work it into the robot.

This 120 figure has cropped up in the KG thread - (Lots x 120) is what you cite as a take profit figure. Why?

Its something which has remained with me for many years which a currency tutor kept telling me when i worked for a trading floor in Singapore. Its the minimum profit factor you should be looking for when trading more than one currency in a group/basket.

Ofcourse, you should use whatever figure you are happy with.
  • #64
  • Nov 3, 2009 6:54pm Nov 3, 2009 6:54pm
ok, i am off to bed.

Be back sometime tomorrow.

Good luck all.

PS. Remember, dont enter a trade or trades just for the sake of it.
  • #65
  • Nov 3, 2009 7:00pm Nov 3, 2009 7:00pm
Quoting scooby-doo
ok, i am off to bed.

Be back sometime tomorrow.

Good luck all.

PS. Remember, dont enter a trade or trades just for the sake of it.
The great things about robots is, they don't enter trades just for the sake of it. I depend on them to protect myself from this very thing.

Sleep well, and if you reply to this we will all shout at you because it means you didn't actually go to bed.

Thanks for everything, pal.

  • #66
  • Nov 3, 2009 7:43pm Nov 3, 2009 7:43pm
do we have to open each xxxjpy chart and apply template and EA or just one?
  • #67
  • Nov 3, 2009 7:46pm Nov 3, 2009 7:46pm
Quoting criss73
do we have to open each xxxjpy chart and apply template and EA or just one?
Just one chart is good enough.
  • #68
  • Nov 3, 2009 7:50pm Nov 3, 2009 7:50pm
thanks Sahars. Also, which of the 2 EA should be used?
  • #69
  • Nov 3, 2009 8:15pm Nov 3, 2009 8:15pm
When do you decide to close the basket if it goes against you?
  • #70
  • Nov 4, 2009 2:55am Nov 4, 2009 2:55am
Quoting Cmartin371
When do you decide to close the basket if it goes against you?
Experience.
  • #71
  • Nov 4, 2009 3:09am Nov 4, 2009 3:09am
Quoting scooby-doo
Experience.
priceless
  • #72
  • Nov 4, 2009 3:09am Nov 4, 2009 3:09am
hmm i am confused why did it not open any positions at 7:30 from the looks of it everything was lining up ... or am I getting something wrong here?
  • #73
  • Nov 4, 2009 3:12am Nov 4, 2009 3:12am
This system would not have traded the BUY XXXJPY this morning as BOJ intervention happened much earlier than 7.30am GMT. They started around 1.45am GMT.
  • #74
  • Nov 4, 2009 3:21am Nov 4, 2009 3:21am
Quoting scooby-doo
This system would not have traded the BUY XXXJPY this morning as BOJ intervention happened much earlier than 7.30am GMT. They started around 1.45am GMT.
Scooby-doo: I would like to thank you for your enormous contribution
I am also looking forward to learning more about the BOJ and how to trade it !
  • #75
  • Nov 4, 2009 3:43am Nov 4, 2009 3:43am
Quoting Ervichov
hmm i am confused why did it not open any positions at 7:30 from the looks of it everything was lining up ... or am I getting something wrong here?
My basket trader took nothing.

The single trade robot leaped into life at 8.00 am and sent all buy xxxJPY trades available - just before it was due to shut down (I am about to work out the code to tell it to stay awake for another hour). I am letting these trades run to see what happens; at the mo the combined upl is about +2,700.

If BOJ intervention happened much earlier, then these trades were not the result of the intervention directly. They happened right at the end of the Tokyo session, so perhaps there was a delayed reaction that kicked in towards the end of the session. I have no idea why, but I am enjoying the (demo) profits.

  • #76
  • Nov 4, 2009 3:50am Nov 4, 2009 3:50am
Quoting SteveHopwood
My basket trader took nothing.

The single trade robot leaped into life at 8.00 am and sent all buy xxxJPY trades available - just before it was due to shut down (I am about to work out the code to tell it to stay awake for another hour). I am letting these trades run to see what happens; at the mo the combined upl is about +2,700.

If BOJ intervention happened much earlier, then these trades were not the result of the intervention directly. They happened right at the end of the Tokyo session, so perhaps there was a delayed reaction that kicked...
As you should Thats a bugger I only had the basket trader on ... I for some reason figured the basket trader was the combination of both
  • #77
  • Nov 4, 2009 4:05am Nov 4, 2009 4:05am
Quoting Ervichov
As you should Thats a bugger I only had the basket trader on ... I for some reason figured the basket trader was the combination of both
Easy to get confused, as the basket robot was only born yesterday. Some point today, I will edit post 1 and make things clearer.

  • #78
  • Nov 4, 2009 4:51am Nov 4, 2009 4:51am
Quoting scooby-doo
Experience.

Didn't ask how. I asked when. I was talking more for the trading robot, it does not have "experience". Close all orders manually once a certain % of your account takes a hit? I know I have a max per day that I use. But I have never traded a basket of currencies.
  • #79
  • Nov 4, 2009 5:45am Nov 4, 2009 5:45am
Steve,

I have had several consultations with some colleagues here and the overall consenus is:

- Monitor for SELL XXXJPY from 10.30pm GMT until 00.30am GMT.
- Monitor for BUY XXXJPY from 06.30am GMT until 08.30am GMT.
  • #80
  • Nov 4, 2009 5:51am Nov 4, 2009 5:51am
Quoting scooby-doo
Steve,

I have had several consultations with some colleagues here and the overall consenus is:

- Monitor for SELL XXXJPY from 10.30pm GMT until 00.30am GMT.
- Monitor for BUY XXXJPY from 06.30am GMT until 08.30am GMT.
Cheers. I have already coded the extra hour up until 12.00 and 8.00, so I will sort out how to add the extra 30 minutes.

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