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scooby-doo BOJ JPY pairs trading robot

  • #641
  • Nov 6, 2009 3:10pm Nov 6, 2009 3:10pm
What a fantastic thread! Really amazing stuff. Every credit to Scooby & Steve. Your insight, dedication and generosity is something to behold, really.
This project surely has unbelievable potential.

Scooby says no trading on Japanese public holidays, so here is a useful link to a Japanese public holidays calendar on Google. Just use the arrows to scroll through the different months.

http://www.google.com/calendar/htmle...101%2F20091201

Cheers everyone!
  • #642
  • Nov 6, 2009 4:41pm Nov 6, 2009 4:41pm
"One thing people should realise with the XXXJPY pairs...

One well known trading method with JPY currencies is that the BOJ intervene on a daily basis with them. So, if they are oversold prior to Tokyo open, then SELL them all. Likewise if they are overbought prior to Tokyo close, then BUY them all."

Hey Steve & Scooby, seems like a cool little system to test out but just had a question if you also noticed this kind of timing behavior with the other Curencies?

Why only stop with using JPY pairs
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #643
  • Nov 6, 2009 4:46pm Nov 6, 2009 4:46pm
Quoting matrixebiz
"One thing people should realise with the XXXJPY pairs...

One well known trading method with JPY currencies is that the BOJ intervene on a daily basis with them. So, if they are oversold prior to Tokyo open, then SELL them all. Likewise if they are overbought prior to Tokyo close, then BUY them all."

[color=blue]Hey Steve & Scooby, seems like a cool little system to test out but just had a question if you also noticed this kind of timing behavior with the other Curencies?

[color=blue]Why...
The BOJ are unique in doing this using massive volumes. Also, they dont need to worry about London (GBP), Frankfurt (EUR) and New York (USD) overlapping their trading session.
  • #644
  • Nov 6, 2009 4:47pm Nov 6, 2009 4:47pm
Quoting scooby-doo
There is only so much you can expect from an automated system.

I use semi-automated systems on a daily basis which basically give trade signals, its up to me to agree or disagree with these signals and act accordingly with TP and SL based on market conditions if i choose to accept them. Thats what I am paid for as apposed to a totally automated system.

Ofcourse you can build lots of things into a Robot etc but you cannot (at the moment) build in proper market analysis.

How would a Robot or automated system know there had been an Earthquake...
Guys, this could easily have excaped your notice. The attached shows what happens to a deposit of $100 at 10% a week for two years.

Drool overload kicking in.
Attached File(s)
File Type: xls scooby-doo 10 percent a week.xls   21 KB | 518 downloads
  • #645
  • Nov 6, 2009 4:50pm Nov 6, 2009 4:50pm
Quoting scooby-doo
The BOJ are unique in doing this using massive volumes. Also, they dont need to worry about London (GBP), Frankfurt (EUR) and New York (USD) overlapping their trading session.
Ah, got ya, good point
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #646
  • Nov 6, 2009 4:51pm Nov 6, 2009 4:51pm
Quoting SteveHopwood
Guys, this could easily have excaped your notice. The attached shows what happens to a deposit of $100 at 10% a week for two years.

Drool overload kicking in.
At some point you may find it difficult to place the trades at those lot sizes with your broker.

But you show the point exactly as i was trying to explain it.

  • #647
  • Nov 6, 2009 4:52pm Nov 6, 2009 4:52pm
I have edited post 1 here. You will see I have dropped the original robot I wrote, as I consider this arose from a misunderstanding of scooby-doo's original postings. I am trying to make it easier for new readers to come up to speed.

Sing out if any of you think there is anything missing/needs adding.

  • #648
  • Nov 6, 2009 4:53pm Nov 6, 2009 4:53pm
Quoting scooby-doo
At some point you may find it difficult to place the trades at those lot sizes with your broker.

But you show the point exactly as i was trying to explain it.

Hehe. I'll bet.
  • #649
  • Nov 6, 2009 4:53pm Nov 6, 2009 4:53pm
Quoting SteveHopwood
Guys, this could easily have excaped your notice. The attached shows what happens to a deposit of $100 at 10% a week for two years.

Drool overload kicking in.
Good, that's what I need now
Just been working with the other KG RS ALL EA I made with some modifications, and I think you know which one I'm referring to Steve, started with $100 and in about 1 1/2 months increased it to $450, thought everything was going well, well this week wiped it out Crap
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #650
  • Nov 6, 2009 4:55pm Nov 6, 2009 4:55pm
Quoting SteveHopwood
I have edited post 1 here. You will see I have dropped the original robot I wrote, as I consider this arose from a misunderstanding of scooby-doo's original postings. I am trying to make it easier for new readers to come up to speed.

Sing out if any of you think there is anything missing/needs adding.

The inverted strength indicator would be helpful for those of us wishing to try a few manual trades based on the osob levels.

Very nice work here, many thanks to you, scoobydoo and everyone else who has contributed.
  • #651
  • Nov 6, 2009 4:56pm Nov 6, 2009 4:56pm
Quoting matrixebiz
Good that's what I need now Just been working with my other KG EA I made with some modifications, and I think you know which one I'm referring to Steve, started with $100 and in about 1 1/2 months increased it to $450, thought everything was going well, well this week wiped it out Crap
Bugger. Bad luck. Been there and done that. Lots of sympathy.
  • #652
  • Nov 6, 2009 4:57pm Nov 6, 2009 4:57pm
Quoting matrixebiz
Good, that's what I need now Just been working with my other KG EA I made with some modifications, and I think you know which one I'm referring to Steve, started with $100 and in about 1 1/2 months increased it to $450, thought everything was going well, well this week wiped it out Crap
Was it your EUR and USD baskets that wiped it out ?

Reason I ask is because a Swiss Hedge Fund dumped the EURO big time at the request of one of it's middle eastern clients who wanted to liquidate their massive positions.
  • #653
  • Nov 6, 2009 4:58pm Nov 6, 2009 4:58pm
Quoting SteveHopwood
Bugger. Bad luck. Been there and done that. Lots of sympathy.
Thanks man, damn this Forex is a fun game to play
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #654
  • Nov 6, 2009 5:00pm Nov 6, 2009 5:00pm
Quoting scooby-doo
Was it your EUR and USD baskets that wiped it out ?

Reason I ask is because a Swiss Hedge Fund dumped the EURO big time at the request of one of it's middle eastern clients who wanted to liquidate their massive positions.
I don't to the Basket thing but it was USD/CHF singles that messed me up
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #655
  • Nov 6, 2009 5:03pm Nov 6, 2009 5:03pm
Quoting matrixebiz
I don't to the Basket thing but it was USD/CHF singles that messed me up
ok.

You need to be very careful with EUR, USD and CHF as hedge funds consolidate/liquidate with no warnings, if you are unlucky enough to be on the wrong side then you will get wiped out.
  • #656
  • Nov 6, 2009 5:17pm Nov 6, 2009 5:17pm
Quoting scooby-doo
ok.

You need to be very careful with EUR, USD and CHF as hedge funds consolidate/liquidate with no warnings, if you are unlucky enough to be on the wrong side then you will get wiped out.
Another example of an answer you gave in an earlier post, where you wrote (and I kept a copy), "This is where allot of retail traders end up losing their positions when all the indicators and charts in the world tell you to BUY or SELL a pair or pairs.

Banks and hedge funds do this at times (with no warning) to equalise their books/balance's to limit down exposure and raise capital per say for pending market formations/trends.

This has nothing todo with scheduled economic news times. This is why retail traders need to always have in place SL."

Trying to become a bit more than just an EA writer. Give me time.
  • #657
  • Nov 6, 2009 5:19pm Nov 6, 2009 5:19pm
Quoting SteveHopwood
Another example of an answer you gave in an earlier post, where you wrote (and I kept a copy), "This is where allot of retail traders end up losing their positions when all the indicators and charts in the world tell you to BUY or SELL a pair or pairs.

Banks and hedge funds do this at times (with no warning) to equalise their books/balance's to limit down exposure and raise capital per say for pending market formations/trends.

[color=blue]This has nothing todo with scheduled economic news times. This...
Only trying to help.
  • #658
  • Nov 6, 2009 5:21pm Nov 6, 2009 5:21pm
Quoting scooby-doo
Only trying to help.
And doing so fantastically. For lots of us. Cheers.

  • #659
  • Nov 6, 2009 5:33pm Nov 6, 2009 5:33pm
Scooby,

I have been a subsriber to a couple of good threads which base ideas on yen pairs. I was just wondering in the stoichastic, which periods are you setting at 2 (as per post #1) just want to make sure that I am on the same page. I think you may have something long term here. With your experience on the floors as well, you should just go Rogue. also dukoscopy has a great liquidity feed which shows volume(per tdisk) and they trade on commision with large Volumes, not that I am endorsing them at all just input. also you save the robot in experts ---scripts correct? thanks for your insight
GREED IS THE ULTIMATE INDICATOR
  • #660
  • Nov 6, 2009 5:44pm Nov 6, 2009 5:44pm
Quoting fxcellent
Scooby,

I have been a subsriber to a couple of good threads which base ideas on yen pairs. I was just wondering in the stoichastic, which periods are you setting at 2 (as per post #1) just want to make sure that I am on the same page. I think you may have something long term here. With your experience on the floors as well, you should just go Rogue. also dukoscopy has a great liquidity feed which shows volume(per tdisk) and they trade on commision with large Volumes, not that I am endorsing them at all just input. also you save the robot in experts...
I dont endorse using Stoch or RSI, it was just an example to use 2 if you use these indicators. You are better off using the new indicator Steve has posted in Post #1.

Go rogue ?

What for, i get paid GBP 85K basic and 12% bonus on my individual profits paid quaterly as half cash and half shares (tax reasons), i have an apartment (London Bridge) fairly close to my trading floor which is provided for free Monday to Friday. I have no risk or exposure personally as I am using the Banks equity. I do ofcourse trade personally if I need extra dosh. I have traded for many banks and financial institutions in Singapore, Hong Kong, Switzerland, New York and London. I could ofcourse just sit at home trading on my own but I like going to work and having the interaction with people from all around the world.
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