Fair enough.Thanks for the quick response, Scooby.
It looks like a very sound system. I will be demo testing it out from Monday's Tokyo session onwards. Will be very interesting.
I've read through every page so far in this thread, and the only confusing thing so far is that there are so many files on the first page, I'm not entirely sure which to use for what purpose.
Anyone can summarize quickly with a crash course on what to attach on what? There are all sorts of indicators there.
scooby-doo BOJ JPY pairs trading robot
- #562
- Nov 5, 2009 6:31pm Nov 5, 2009 6:31pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Steve, i think *NoOfPairs is pushing it abit.
I originally just said (BaseLot * TpMultiplicationFactor)
Is it really right to accept such a low return on an entire basket? My current one reflects the others taken out today when they were forced into existence: $60 over 5 trades at 0.1 lots - Alpari UK demo. Without the *NoOfPairs this would presumably have been in the region of $12.
Or should we be going for higher base lot sizes and lower pips count? You have been trading like this for much longer than (most of) the rest of us, so I am ready to be guided by you in this as in everything.
In the time it took to type this, my basket hit its tp and closed. The thing that makes most of us think twice about lot sizes is our: experience of losing trades - vast; lack of experience of how you trade the BOJ intervention - equally vast.
Any insights gratefully received.
Which indicators exactly?
There's that KG indicator thing, and there's the JPY Strength Index indicator.
And then I will just attach the Basket EA to the GBP/JPY 15 minute chart right, if I want the 15 minute / 1 hour settings?
Clarification on this will be very much appreciated.
Thank you.
There's that KG indicator thing, and there's the JPY Strength Index indicator.
And then I will just attach the Basket EA to the GBP/JPY 15 minute chart right, if I want the 15 minute / 1 hour settings?
Clarification on this will be very much appreciated.
Thank you.
- #564
- Edited 6:35pm Nov 5, 2009 6:34pm | Edited 6:35pm
Which indicators exactly?
There's that KG indicator thing, and there's the JPY Strength Index indicator.
And then I will just attach the Basket EA to the GBP/JPY 15 minute chart right, if I want the 15 minute / 1 hour settings?
Clarification on this will be very much appreciated.
Thank you.
Hi Scooby,
Just a curosity..!!. How long (after Tokyo open) normally do you think that we can still send a force Sell if the indicator shows a good for Sell (the line at the bottom). Or you just recommend we only take 1 basket per session and wait for another session before close..?!
Thanks for your comments.
Cheers
- #572
- Nov 5, 2009 6:46pm Nov 5, 2009 6:46pm
- Joined Apr 2007 | Status: vincit qui se vincit | 6,251 Posts
Vincit qui se vincit.
- #573
- Nov 5, 2009 6:48pm Nov 5, 2009 6:48pm
- | Joined Apr 2008 | Status: Trader | 1,114 Posts
probably because your basket tp level was $900? change the settings to get it where it's supposed to be
change the settings to get it where it's supposed to be
I agree with Scooby here.
Small gradual gains with a proven system with a high success rate is much better than a system with high volatility of gains and losses, searching for that winning home run.
A robot can never substitute manual trading in terms of noticing support and resistance levels and price action.
As such, the trade should focus on maximizing the success rate instead of the profit. The profit factor can be easily increased by increasing the lot size without having to change anything else.
Small gradual gains with a proven system with a high success rate is much better than a system with high volatility of gains and losses, searching for that winning home run.
A robot can never substitute manual trading in terms of noticing support and resistance levels and price action.
As such, the trade should focus on maximizing the success rate instead of the profit. The profit factor can be easily increased by increasing the lot size without having to change anything else.
I would go for a (higher lot size) x 200 to close the basket out. I do understand that everyone want lots of pips. But the idea is to open/close the basket asap without going into DD or having baskets opened for hours, days or even weeks. I understand this means increasing AccountBalance.
Anyway, play around with TP etc.
Its different for me because I can gauge how far to take your TP based on support/resistence levels etc. Which i am not sure we could build into this EA.
My original thoughts were to give you a system with 99.99% win...
- #577
- Nov 5, 2009 6:56pm Nov 5, 2009 6:56pm
- Joined Apr 2007 | Status: vincit qui se vincit | 6,251 Posts
Vincit qui se vincit.
- #579
- Nov 5, 2009 6:58pm Nov 5, 2009 6:58pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
I would go for a (higher lot size) x 200 to close the basket out. I do understand that everyone want lots of pips. But the idea is to open/close the basket asap without going into DD or having baskets opened for hours, days or even weeks. I understand this means increasing AccountBalance.
Anyway, play around with TP etc.
Its different for me because I can gauge how far to take your TP based on support/resistence levels etc. Which i am not sure we could build into this EA.
My original thoughts were to give you a system with 99.99% win rate...
That is me done for the week, probably. I have a busy day tomorrow of rehearsals for concerts and teaching, so there will not be any coding done.
Over the weekend, I will look at ways to automate spotting the appropriate time for the robot to start monitoring for trades. Any suggestions in this area are most welcome.
Good luck in the morning. This week has been a blast. Have a great weekend everyone.
Scott, many thanks for all your help.
scooby-doo, what can I say? Is it really less than a week ago that you first contributed to the KG thread? It feels like a lifetime of experience has been crammed into a brief few hours. We have learned so much. From the bottom of my heart, thank-you.
Cheers everyone. More next week.