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scooby-doo BOJ JPY pairs trading robot

  • #1,101
  • Nov 9, 2009 5:12am Nov 9, 2009 5:12am
Quoting scooby-doo
The guy works for HSBC Hong Kong branch, they didnt take any money in the bail out from the Government, $800,000 is peanuts to them.

I dont think people realise how much is won/lost in a day on these trading floors. It would proably give most retail traders a heart attach for sure. But then you probably wouldnt get a job with them, if you wanted one.
How do you get a job on the floor? I am 25 and forex is my passion. I'v been learning everything i can about it for past 4 years (which at my age is a life time lol) I have been trading live for only 5 months however i'v been able to pay rent and my bills with it already as of last friday i withdrew a combined total of $4000. My account was opened in May 09 with $800 us and after all the withdrawals is sitting at $1,923.87
  • #1,102
  • Nov 9, 2009 5:19am Nov 9, 2009 5:19am
Quoting scooby-doo
The guy works for HSBC Hong Kong branch, they didnt take any money in the bail out from the Government, $800,000 is peanuts to them.

I dont think people realise how much is won/lost in a day on these trading floors. It would proably give most retail traders a heart attach for sure. But then you probably wouldnt get a job with them, if you wanted one.
Yes, for anyone who has never worked in the City, the sums involved cannot easily be imagined. In the early '70s when I was trading (pre computer age) we were dealing 100's of millions a day, back then ...
  • #1,103
  • Nov 9, 2009 5:21am Nov 9, 2009 5:21am
Quoting scooby-doo
The best times to enter your trades if the other coniditions are met is 10.30pm GMT and 07.30am GMT.
This is correct, 90 mins before Tokyo open/close. (open 00.00am GMT and close 09.00am GMT http://fxtrade.oanda.com/resources/fxmarkethours/)

But this morning many traders start there baskettrading 06.30am GMT, do they have missunderstand the starttim?

Regards
Elovv
  • #1,104
  • Nov 9, 2009 5:22am Nov 9, 2009 5:22am
Quoting Ervichov
How do you get a job on the floor? I am 25 and forex is my passion. I'v been learning everything i can about it for past 4 years (which at my age is a life time lol) I have been trading live for only 5 months however i'v been able to pay rent and my bills with it already as of last friday i withdrew a combined total of $4000. My account was opened in May 09 with $800 us and after all the withdrawals is sitting at $1,923.87
Depends on the bank. Some require you to have a degree in economics for obvious reasons. You need to work under and handle extreme pressures at times.

Forget what you hear on the news, very few forex traders get fired. These floors only hire very competent people who they either want to put through their mentoring training programs or have a great deal of commercial experience already.

No offence but sending them MT4 statements showing a profit would not get you an interview.

But you could try I guess.
  • #1,105
  • Nov 9, 2009 5:27am Nov 9, 2009 5:27am
Quoting scooby-doo
Depends on the bank. Some require you to have a degree in economics for obvious reasons. You need to work under and handle extreme pressures at times.

Forget what you hear on the news, very few forex traders get fired. These floors only hire very competent people who they either want to put through their mentoring training programs or have a great deal of commercial experience already.

No offence but sending them MT4 statements showing a profit would not get you an interview.

But you could try I guess.
Ok, so what would you suggest I do to get in the door?
  • #1,106
  • Nov 9, 2009 5:29am Nov 9, 2009 5:29am
At this moment I am going through training at the Investors Group to become a financial adviser. However I'm not sure that will help me get the floor job.
  • #1,107
  • Nov 9, 2009 5:36am Nov 9, 2009 5:36am
I had multiple buy baskets open earlier on the 15m

Would get to $20 then exit then straight away open another buy basket, hit $20 exit then open again until session ended

Trading 0.1 lot, is this what should be happening?

Its great, made over 100 pips just making sure
  • #1,108
  • Nov 9, 2009 5:36am Nov 9, 2009 5:36am
Quoting Ervichov
Ok, so what would you suggest I do to get in the door?
I am assuming you dont have a degree in economics.

However, try getting any kind of job with a bank. Once in the door, keep applying when internal jobs are posted for the trading floor. Sometimes they will advertise for trainee positions, which are raely advertised externally. If you get the job then you will basically end up being a tea boy for awhile but they will put you through their mentoring programme.

May sound like a long shot but probably better than sending them MT4 statements which will just generate a laugh and end up in the bin.
  • #1,109
  • Nov 9, 2009 5:44am Nov 9, 2009 5:44am
Quoting safire25
I had multiple buy baskets open earlier on the 15m

Would get to $20 then exit then straight away open another buy basket, hit $20 exit then open again until session ended

Trading 0.1 lot, is this what should be happening?
Nope. The robot should only be trading once a session. Which version are you using?

  • #1,110
  • Nov 9, 2009 6:15am Nov 9, 2009 6:15am
The robot is working superbly
Opened a sell and closed with a 1.2% profit in 29 min
then opened a buy and close with a profit of 1.3% in 8 min
Yeeee Haaaa!

In 4 basket trades since I started last Friday up 11.12%
not 1 loss

Thanks to everyone involved
  • #1,111
  • Nov 9, 2009 6:17am Nov 9, 2009 6:17am
Quoting dryclean
The robot is working superbly
Opened a sell and closed with a 1.2% profit in 29 min
then opened a buy and close with a profit of 1.3% in 8 min
Yeeee Haaaa!

In 4 basket trades since I started last Friday up 11.12%
not 1 loss

Thanks to everyone involved
Which Robot are you running ?
  • #1,112
  • Nov 9, 2009 6:39am Nov 9, 2009 6:39am
Steve,

V1.8 loaded, looks good.

Just thought a great feature to add on one of your upgrades is where we can see the basket trading balance (P/L) on the screen display whist trade in progress.

many thanks

drxyber
  • #1,113
  • Nov 9, 2009 6:51am Nov 9, 2009 6:51am
I started Friday with I believe 1.2 or 1.4. The ea was changing so fast not exactly sure. I also had 2 single trades in there when that was first going on but is now not being used

Then the last night was 1.7 Now have 1.8 on I started fresh with $2000 and now have $2248.08 Actucally I did the totals wrong I'm up $248.08 so its 12.4% up
  • #1,114
  • Nov 9, 2009 7:45am Nov 9, 2009 7:45am
Don't mean to bug (!!) anyone, but accessing and then closing EA properties panel in V1.8 initiates the 1 min. sleep cycle. Is that an intended function?
Vincit qui se vincit.
  • #1,115
  • Nov 9, 2009 7:50am Nov 9, 2009 7:50am
Quoting Dr Xyber
Steve,

V1.8 loaded, looks good.

Just thought a great feature to add on one of your upgrades is where we can see the basket trading balance (P/L) on the screen display whist trade in progress.

many thanks

drxyber
It is the kind of feature I usually include. I haven't got around to it yet because all the development has been on a dedicated demo, so I haven't noticed a need for it. 'Tis on my to do list and 'twill be added soon.

  • #1,116
  • Nov 9, 2009 7:52am Nov 9, 2009 7:52am
Quoting Pippopotamus
Don't mean to bug (!!) anyone, but accessing and then closing EA properties panel in V1.8 initiates the 1 min. sleep cycle. Is that an intended function?
Yep...for EA to have a stable signals from the RS_Group_JPY_Strength Index that to be used for the EA. Without that..the EA could open a trade from the false signals.
  • #1,117
  • Nov 9, 2009 7:53am Nov 9, 2009 7:53am
Quoting Pippopotamus
Don't mean to bug (!!) anyone, but accessing and then closing EA properties panel in V1.8 initiates the 1 min. sleep cycle. Is that an intended function?
Yes. Accessing the inputs screen restarts the robot if you make any changes.

What you can do if you are in mid-session is turn the sleep minutes setting to 0.

  • #1,118
  • Nov 9, 2009 8:04am Nov 9, 2009 8:04am
Any chart other than GY I get the following:

Sorry. This robot must go on a GBPJPY chart. The robot cannot function.

v1.6 worked fine on all pairs, any ideas?

Regards
  • #1,119
  • Nov 9, 2009 8:07am Nov 9, 2009 8:07am
for clearing that up. Wheeeeew...Thanks Steve, thought for sure I was on your ignore list.
Vincit qui se vincit.
  • #1,120
  • Edited 12:49pm Nov 9, 2009 8:54am | Edited 12:49pm
Steve, do you think the Sleep feature is actually helping anything before the iCustom calls are actually made?

What I mean is, when the EA (iCustom call) asks for a value from the indicator, does it first check and see if the indicator is actually loaded onto the chart which you would hope because it has its values settled out and calculated already OR does it call the Indicator file from you PC as if it wasn't loaded on the chart which would mean it only loads the Indicator in the Background for One quick read which as we know these Indicators need time to run it's calculation which can take more than One tick, which would also mean that the Sleep function isn't helping at all

Does that make sense? I'm not totally sure about iCustom and how long it waits for its value, if the Indicator isn't loaded on the chart.

EDIT: NVM, I ran some tests and I think iCustom must pull the value from the Indi after it has run all it's calculations and settles without needing to wait for the indi to settle on anything like being on a chart, it must just look like its doing lagging calculations on the charts because it's just slow at drawing the lines, so I'm thinking the Sleep function isn't really needed.

EDIT2: I think for the Sleep function to work the way you think it is supposed to be working, all indicators in your folder gets run when MT4 loads, so yes, the EA sleeping would be good but I don't think that is the case. Other than that, having the EA sleep is not doing anything but just sleeping. The Indicator isn't doing anything until it's either loaded on A chart or called from the EA.


if I'm just confusing you, you can ignore this post
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
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