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scooby-doo BOJ JPY pairs trading robot

  • #821
  • Nov 8, 2009 12:14am Nov 8, 2009 12:14am
do we put the robot in experts scripts? or just expert I cant seem to find it in my plat
GREED IS THE ULTIMATE INDICATOR
  • #822
  • Nov 8, 2009 12:16am Nov 8, 2009 12:16am
nevermind I got it
GREED IS THE ULTIMATE INDICATOR
  • #823
  • Nov 8, 2009 1:28am Nov 8, 2009 1:28am
Wow,
thanks Scooby and Steve for such brilliant insights and coding.
I think you must all be drinking homebrewed rocket fuel, (much stronger than the NASA variety).

I also have a query about the hook issue as per last smjones post and would appreciate some clarity on this one.
(too hook or not to hook that is the question!)

Xyber
  • #824
  • Nov 8, 2009 2:14am Nov 8, 2009 2:14am
Quoting smjones
So I have read the BOJ document several times now and am absolutely amazed and fascinated. The implications here are in my opinion staggering. I know of and use several news feeds that are real time and included no extra charge with an account. Oanda, IBFX, FXCM to name a few. All of these post in real time. In the article, it was mentioned that the probability of continued intervention is highly positively correlated with the public intervention process and that over 66% of all interventions fall into the public category. There is even a larger...
Agree, SMJ... At last a reasonable Fundimental Predictive that a poor, dumb, working full time, part time trading chump can actually use and make sense of....

What a fascinating thread! I have been trading the JPY pairs of the T101 basket, using his basket IA account method and supp and resis levels of the various jpy charts. Thanks to Scooby, I now know why I have found such good moves (not to mention some bad ones too) at certain times of day.

Thanks Steve and Scooby and all others.

Scoob, do you agree that the GJ and EJ are the leaders of the yen pairs and tend to lead the way? Also, do you find that often the CHF/J often goes it's own way?

Steve, Thank you also for your basket trade managment EA. I have been using it for a while now, and it's the best of it's kind that I have found.

Shakey

PS: Nice to see a thread where everybody is getting along.
  • #825
  • Nov 8, 2009 4:13am Nov 8, 2009 4:13am
Quoting smjones
I noticed you EA opens the trade when the lower time frame is above 90 or below 10 and the high time frame is above or below 70 or 30.

Perhaps I have misunderstood, but i think I recall Scooby Doo stating that the lower time frame was supposed to go above or below 90 or 10 and then hook up or down out of 90 or 10. something like this....
'Tis ok. The code sequence in start() is this, assuming the robot has not been disabled:

 

  1. Checks for an open basket and monitors it, going no further down the code than this.
  2. Checks all the time filters etc and halting at any stage that the robot finds one of them to be wrong.
  3. Assuming trading hours are ok etc, the robot looks for a setup:

    1. Reads the indi.
    2. If lower and higher tf are >= their respective overbought settings, the robot sets an overbought global variable. The value of the variable is irrelevant.
    3. Vice-versa for oversold.

  4. On each subsequent tick, if the robot finds a global, it:

    1. overbought gv: looks at the lower tf indi reading to see if it has dropped out of overbought and sends a basket if so.
    2. oversold gv: looks at the lower tf indi reading to see if it has risen above overbought and sends a basket if so.

That is the logic of start(); the code should be easy to follow by navigating the comments. I am sure it is correct, but sing out if you spot any errors.

  • #826
  • Nov 8, 2009 4:20am Nov 8, 2009 4:20am
Quoting smjones
So I have read the BOJ document several times now and am absolutely amazed and fascinated. The implications here are in my opinion staggering. I know of and use several news feeds that are real time and included no extra charge with an account. Oanda, IBFX, FXCM to name a few. All of these post in real time. In the article, it was mentioned that the probability of continued intervention is highly positively correlated with the public intervention process and that over 66% of all interventions fall into the public category. There is even a larger...
This has made my day, finally someone see's the bigger picture.

Good observations. Well done.
  • #827
  • Nov 8, 2009 4:23am Nov 8, 2009 4:23am
Quoting Mcforex
Actually Geithner is not for it

U.S. Treasury Secretary Timothy Geithner said a “day-by-day” tax on speculation is “not something we’re prepared to support.”

It was France and the UK that were talking it up.
The UK said it would not take it up unless everyone took it up.

Japan, Russia, USA, Switzerland are all against this hidden tax.
  • #828
  • Nov 8, 2009 4:23am Nov 8, 2009 4:23am
Quoting scooby-doo
Steve,

Sorry, I meant you should not trade the first sunday candle on your lower TF. After that it is normally ok to trade.
I shall code this into the robot tomorrow. In the meantime, everybody just wait until the second candle tonight before turning on the robot if you want to emulate this, then turn off the Sunday candle filter.

Quote
Also, i have been doing allot of thinking about the different TF's.

We should just use M15 and H1. Reason being, lower would give us false signals, higher wouldnt give us many trading signals.

Sorry if this causes extra work.

Cheers
Not of any great significance. Do you mean:
15M/60M only?
or
Traders can set the robot onto either a15M or a 60M chart?

  • #829
  • Nov 8, 2009 4:25am Nov 8, 2009 4:25am
Quoting SteveHopwood
I shall code this into the robot tomorrow. In the meantime, everybody just wait until the second candle tonight before turning on the robot if you want to emulate this, then turn off the Sunday candle filter.


Not of any great significance. Do you mean:
15M/60M only?
or
Traders can set the robot onto either a15M or a 60M chart?

It should only be attached to a 15M chart.
  • #830
  • Nov 8, 2009 4:30am Nov 8, 2009 4:30am
Quoting Beshakey
Agree, SMJ... At last a reasonable Fundimental Predictive that a poor, dumb, working full time, part time trading chump can actually use and make sense of....

What a fascinating thread! I have been trading the JPY pairs of the T101 basket, using his basket IA account method and supp and resis levels of the various jpy charts. Thanks to Scooby, I now know why I have found such good moves (not to mention some bad ones too) at certain times of day.

Thanks Steve and Scooby and all others.

Scoob, do you agree that the GJ and EJ are the...
The JPY basket is drivern by GBPJPY, EURJPY and to some extent (depending on the time of day) USDJPY.
  • #831
  • Nov 8, 2009 4:34am Nov 8, 2009 4:34am
Quoting scooby-doo
It should only be attached to a 15M chart.
That makes sense - I think it is the chart most of us have been using anyway.

I won't disable the robot on other tf's; I will code in a warning that it is intended for the 15M chart.

  • #832
  • Nov 8, 2009 4:40am Nov 8, 2009 4:40am
Quoting SteveHopwood
That makes sense - I think it is the chart most of us have been using anyway.

I won't disable the robot on other tf's; I will code in a warning that it is intended for the 15M chart.

ok master coder.
  • #833
  • Nov 8, 2009 4:48am Nov 8, 2009 4:48am
To clarify, the settings we are using for this testing period are:

extern double LowerTfOverBought=90;
extern double HigherTfOverBought=70;
extern double LowerTfOverSold=10;
extern double HigherTfOverSold=30;
  • #834
  • Nov 8, 2009 5:02am Nov 8, 2009 5:02am
Everyone

Please listen because I am only going to say this once.

We are setting the (basket $) take profit at (Lot size X 200). This is deliberatley set on the low side. Reason for this that at the moment (i dont care what anyone else says) retail traders have no proper way of obtaining correct support/resistence/volumes. You can ofcourse change the default to 400,600,800,1000 etc. If you do and make loads of money then great but do not come back here and start complaining if the basket reversed against you and you are sitting with an open basket for days, weeks or months.

As I mentiond in a previous post I am actually (outside of this) running a test on using this method 24/5, you can follow this on my link at the bottom of my posts. I plan to run this for 3 months, November, December and January are usually very difficult months to trade in forex. If it works during these months then i am 99% sure it will work for all months. I will post my research and findings at the end of January 2010.

In the meantime remember >= break even is where all retail traders should be.

Goodluck.
  • #835
  • Nov 8, 2009 5:07am Nov 8, 2009 5:07am
Thank you to all who are sharing here - wonderful read, especially the pdf.

I notice the EA's default start times for sell and buy are 8 hours apart and there has been some posts before about whether the difference in hours should be 8 or 9 hours. Well, the Oanda FXMarketHours link in the first post shows that the Tokyo market is open for 9 hours so should the difference in sell and buy hours be 9 hours too?
yyssw
  • #836
  • Nov 8, 2009 5:17am Nov 8, 2009 5:17am
Quoting bagpuss
Thank you to all who are sharing here - wonderful read, especially the pdf.

I notice the EA's default start times for sell and buy are 8 hours apart and there has been some posts before about whether the difference in hours should be 8 or 9 hours. Well, the Oanda FXMarketHours link in the first post shows that the Tokyo market is open for 9 hours so should the difference in sell and buy hours be 9 hours too?
Some brokers report Tokyo as 8 hours and some 9 hours. You should set this based on what your broker says.
  • #837
  • Nov 8, 2009 5:30am Nov 8, 2009 5:30am
Quoting SteveHopwood
'Tis ok. The code sequence in start() is this, assuming the robot has not been disabled:
[list][*]Checks for an open basket and monitors it, going no further down the code than this.[*]Checks all the time filters etc and halting at any stage that the robot finds one of them to be wrong.[*]Assuming trading hours are ok etc, the robot looks for a setup:[list][*]Reads the indi.[*]If lower and higher tf are >= their respective overbought settings, the robot sets an overbought global variable. The value of the variable is irrelevant.[*]Vice-versa...
Hi Steve, Yes I understand that the way you have it written, if the global is set, that means that the Lower TF indicator went extreme. However, maybe we need a clarification from Scooby on this , but the way you have it written, once the global is set, as long as the current bar even just ticks outside of the 90/10 area, the trade is taken; even though the inciator could easily bounce back up and close back inside the 90/10. This would trigger the trade anyway and if one looked at the chart, they would never know the indi ticked below. Again, and perhaps I am just flat wrong on this and apologize in advance, but It was my understanding that the indi had to close outside the 90/10 for at least one bar on the lower TF. I hope Scooby can shed some light on this. On last Friday's trade, Post number #512 link above in my post, Scooby asked why the sell was taken, as there was no hook.

Well there was a hook, it just was on the current bar and then closed back above. So, do we need it to close inside the 90/10 and the hook and close outside the 90/10; OR just simply go into the 90/10 and the go out of the 90/10 all on the same current bar, and there would be no record of that?
  • #838
  • Nov 8, 2009 5:36am Nov 8, 2009 5:36am
Quoting smjones
Hi Steve, Yes I understand that the way you have it written, if the global is set, that means that the Lower TF indicator went extreme. However, maybe we need a clarification from Scooby on this , but the way you have it written, once the global is set, as long as the current bar even just ticks outside of the 90/10 area, the trade is taken; even though the inciator could easily bounce back up and close back inside the 90/10. This would trigger the trade anyway and if one looked at the chart, they would never know the indi ticked below. Again, and...
I fully understand your point. Normally any system should be on the close of the current bar. However, because of the BOJ intervention, the XXXJPY can suddenly just take off with the current bar going from < 10 to > 50 in seconds. This is something that we want this system to be able to handle, otherwise we will miss out on a potential trade. With the external system i am testing, i do actually look for the close of the current bar but that at the moment is outside of this system.
  • #839
  • Nov 8, 2009 5:45am Nov 8, 2009 5:45am
Quoting scooby-doo
I fully understand your point. Normally any system should be on the close of the current bar. However, because of the BOJ intervention, the XXXJPY can suddenly just take off with the current bar going from < 10 to > 50 in seconds. This is something that we want this system to be able to handle, otherwise we will miss out on a potential trade. With the external system i am testing, i do actually look for the close of the current bar but that at the moment is outside of this system.
Thank you for the clarification. It answers my question and Steve has the code set this way. I understand the subtlety of it now. Thanks again Steve, for answering my question on this. I just wanted to be sure of it.


Regards, Scott
  • #840
  • Edited 11:00am Nov 8, 2009 7:11am | Edited 11:00am
Steve,

Can you remove BOJS.PDF from post #1 and replace it with this one.

Cheers,
Attached File(s)
File Type: pdf BOJ Trading Method.pdf   147 KB | 480 downloads
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