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scooby-doo BOJ JPY pairs trading robot

  • #681
  • Nov 6, 2009 6:39pm Nov 6, 2009 6:39pm
Hmmmmmmmmmmmm very interesting reading. It seem they work with the bond purchases as well to liquidate. hmmmmmmmmmm. anyone know where we can trade so brz/jpn haha
GREED IS THE ULTIMATE INDICATOR
  • #682
  • Nov 6, 2009 6:40pm Nov 6, 2009 6:40pm
Quoting scooby-doo
Since 2006 the BOJ have constantly denied their on-going involvment in their fx market but everyone knows they are telling big pork pies.
Well, some of us do now. We didn't this time last week.

  • #683
  • Nov 6, 2009 6:42pm Nov 6, 2009 6:42pm
Scooby, are you able to detect these interventions?
GREED IS THE ULTIMATE INDICATOR
  • #684
  • Nov 6, 2009 6:42pm Nov 6, 2009 6:42pm
Quoting scooby-doo
As a general rule they intervene prior to open and close of their session.

However, they have automated systems in place to trade the volumes in London session which have not been liquidated during their own.
Now that is an interesting bit of info. Now I think I understand your 24/5 post you made earlier about trading the JPY basket.

On a related note, do you think the more that banks and institutions exploit or ride on this intervention, the more it will be pushed to less obvious times and more segments in its delivery? I understand, that the y will continue, but as more exploit it, does it not degcrease the effect they were trying for? So, they may move the timing?
  • #685
  • Nov 6, 2009 6:44pm Nov 6, 2009 6:44pm
Will do Steve, will let you know what happens during the next few trading days, unless you find something sooner
Thanks for backtracking and finding my post, have a great weekend


Quoting SteveHopwood
Sorry. I missed this first time around.I was just doing a trawl through the most recent posts and picked it up.

It seems a little strange that the lower tf's did not take a trade but the 4 did. To be honest, I have no idea why this happened. I will think about it; in the meantime, perhaps you could keep posting if this happens again.

I cannot see anything in the code that would stop a second basket being sent with a different magic number. I will look again in the morning when my mind is fresh in case I have missed anything.

Cheers

  • #686
  • Nov 6, 2009 6:48pm Nov 6, 2009 6:48pm
Quoting smjones
Now that is an interesting bit of info. Now I think I understand your 24/5 post you made earlier about trading the JPY basket.

On a related note, do you think the more that banks and institutions exploit or ride on this intervention, the more it will be pushed to less obvious times and more segments in its delivery? I understand, that the y will continue, but as more exploit it, does it not degcrease the effect they were trying for? So, they may move the timing?
It's common knowledge. Dont forget we are talking huge volumes based on their cash reserves. They make $ billions on a daily basis moving the price from OB to OS and vice versa.

To give you some sort of comparison, the BOE wouldnt be able to compete with them. You cant BUY or SELL those levels unless you have the cash reserves in place. Dont forget the leverage used at these levels is 1:1
  • #687
  • Nov 6, 2009 6:49pm Nov 6, 2009 6:49pm
Quoting fxcellent
Scooby, are you able to detect these interventions?
Yes, that's what this thread has been about.
  • #688
  • Nov 6, 2009 6:51pm Nov 6, 2009 6:51pm
hmmmm,
1:1 id like to see some of the bucketshop traders give that a shot
GREED IS THE ULTIMATE INDICATOR
  • #689
  • Nov 6, 2009 6:53pm Nov 6, 2009 6:53pm
Quoting scooby-doo
Yes, that's what this thread has been about.

So i can only imagine the coding that went into this. I notice its not a rsi or stoi
GREED IS THE ULTIMATE INDICATOR
  • #690
  • Nov 6, 2009 6:53pm Nov 6, 2009 6:53pm
Quoting fxcellent
hmmmm,
1:1 id like to see some of the bucketshop traders give that a shot
no chance.
  • #691
  • Nov 6, 2009 6:55pm Nov 6, 2009 6:55pm
Quoting fxcellent
So i can only imagine the coding that went into this. I notice its not a rsi or stoi
The indicator is based on RSI weighted average for the basket.
  • #692
  • Nov 6, 2009 6:55pm Nov 6, 2009 6:55pm
Quoting scooby-doo
no chance.
GREED IS THE ULTIMATE INDICATOR
  • #693
  • Nov 6, 2009 7:16pm Nov 6, 2009 7:16pm
Quoting smjones
I understand, that the y will continue, but as more exploit it, does it not degcrease the effect they were trying for? So, they may move the timing?
Not very smart myself, but even I know if I can get someone else to do my job for me, I can just lay back and watch, or not.
  • #694
  • Nov 6, 2009 7:18pm Nov 6, 2009 7:18pm
Quoting redhouse
Not very smart myself, but even I know if I can get someone else to do my job for me, I can just lay back and watch, or not.
Could you explain what you mean? Are you saying that when banks trade on this info, they are doing the BOJ's job? Sorry, I don't understand.
  • #695
  • Nov 6, 2009 7:19pm Nov 6, 2009 7:19pm
Dont forget that Japan is a very big importer of Oil.

This is one reason why they dabble in their forex markets, especially when the price of Oil remains high.
  • #696
  • Nov 6, 2009 7:19pm Nov 6, 2009 7:19pm
Quoting SteveHopwood
Not to worry. Thanks anyway.

Actually, while is was thinking about it, I might have something for you to ponder. I'm thinking what you are looking for is a way to detect when Market is going to open and cannot use the regular TimeLocal(PC time) or TimeCurrent(Broker time) functions due to different Broker and User Timezones.

So what about taking come of the code from the indicator I posted and using the plotted anchor/objects ??

What I mean is Take for example the "session_time_tokyo2_5" anchor which is Tokyo Open and Compare that to the Broker time moving Object "session_time_current2" and create Globals for the positioning of those two objects.

Inserted Code
if (Hour()==22&&Minute()<=30&&Minute()<15){
ObjectSet("session_time_current2", OBJPROP_XDISTANCE, 497+Shift_X);

So basically you would code in;

if (session_time_current2 == 497+Shift_X) TokyoOpensIn2Hours = True;

Something like that, too many beers right now to complete but I think that might work, what do you think?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #697
  • Nov 6, 2009 7:35pm Nov 6, 2009 7:35pm
Quoting matrixebiz
Actually, while is was thinking about it, I might have something for you to ponder. I'm thinking what you are looking for is a way to detect when Market is going to open and cannot use the regular TimeLocal(PC time) or TimeCurrent(Broker time) functions due to different Broker and User Timezones.

So what about taking come of the code from the indicator I posted and using the plotted anchor/objects ??

What I mean is Take for example the "session_time_tokyo2_5" anchor which is Tokyo Open and Compare that to the Broker time moving Object "session_time_current2"...
Hehe. Not a clue. This is only partly due to too many whishkeysh....

Basically, I don't understand how indicators work. The successful calls my robots made to the KG indi's came down to hours of hit-and-miss coding call attempts.

So, unless indi coders come on stream and say, "The call to my indi is....." I am a bit helpless. That is on a good day. On a bad day, I am a lot helpless.

This isn't a big issue. Ok, I would like the robot to automatically detect Tokyo trading hours, but that is all; I just enjoy automating as much as I can. I am not entirely sure that working out Tokyo trading hours is the problem that some contributors here make it out to be.

Thanks for trying to help. I appreciate this.

  • #698
  • Nov 6, 2009 7:39pm Nov 6, 2009 7:39pm
Quoting SteveHopwood
Hehe. Not a clue. This is only partly due to too many whishkeysh....

Basically, I don't understand how indicators work. The successful calls my robots made to the KG indi's came down to hours of hit-and-miss coding call attempts.

So, unless indi coders come on stream and say, "The call to my indi is....." I am a bit helpless. That is on a good day. On a bad day, I am a lot helpless.

This isn't a big issue. Ok, I would like the robot to automatically detect Tokyo trading hours, but that is all; I just enjoy automating as much as I...
Without sounding too harsh. Cant people figure out what timezone they are in and therefore know what the difference +/- is with Tokyo ???????

I do get a bit worried that some seem to want everything handed to them on a plate while they sit back and do fcuk all.
  • #699
  • Nov 6, 2009 7:44pm Nov 6, 2009 7:44pm
string GMTSourceURL = "http://ntp.greenwich-mean-time.com/t.../clock-8/x.php";
string GMTUserAgent = "Mozilla/5.0 (Macintosh; U; Intel Mac OS X 10_6_1; en-us) AppleWebKit/531.9 (KHTML, like Gecko) Version/4.0.3 Safari/531.9";
int AutoGMTOffset()
{
string status;
int result, offsetTmp;
InternetHandle = InternetOpenA(GMTUserAgent, 0, "0", "0", 0);
string myBuffer = "ABCDEFGHIJ";
if (!RetrieveURLData(GMTSourceURL, myBuffer))
{
if (InternetHandle == 0) status = "Error connecting to AutoGMT time source.";
if (AutoFallbackOnFail)
{
result = ManualGMToffset;
status = StringConcatenate(status, " Will auto-fallback to Manual Offset.");
}
else
{
result = -999999999;
}
Comment(status);
Print(status);
Sleep(5000);
}
else
{
offsetTmp = TimeCurrent() - StrToInteger(myBuffer);
result = MathFloor((offsetTmp + 1800) / 3600);
}
InternetCloseHandle(InternetHandle);
return(result);
}

May be this piece of code could be adapted to detect Jpy time.
  • #700
  • Nov 6, 2009 7:52pm Nov 6, 2009 7:52pm
Quoting scooby-doo
Without sounding too harsh. Cant people figure out what timezone they are in and therefore know what the difference +/- is with Tokyo ???????

I do get a bit worried that some seem to want everything handed to them on a plate while they sit back and do fcuk all.
Sound as harsh as you want. This is nothing like I want to say when some dipstick comes on here and claims to be unable to understand why the robot is "outside trading hours". You really don't want to be privy to my thoughts when this happens.

Doesn't stop me wanting to solve the technical challenge of automating this, though. Tis only a technical challenge, mind. If people are too thick to work out how to make the robot trade at the correct times, they definitely should not be let out of the house alone, never mind be given funds to trade forex.

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