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scooby-doo BOJ JPY pairs trading robot

  • #1,401
  • Nov 11, 2009 4:14am Nov 11, 2009 4:14am
Morning all.

I see that there are some issues/discussion around the TP setting I advised.

Again, I set this on the low side because at the moment there is no methodology on ascertaining correct support/resistence etc.

So, sometimes the TP will be too low and sometimes the TP will actually be too high.

I am actually working on something that may help with this setting but I am still researching it in between my day job.

Back soon.

Cheers,

Scoobs.
  • #1,402
  • Nov 11, 2009 4:33am Nov 11, 2009 4:33am
Quoting scooby-doo
I am actually working on something that may help with this setting but I am still researching it in between my day job.
Back soon.
Cheers,
Scoobs.
Good to see you about at any time of the day.
Your efforts, advice and research are really appreciated.

drxyber
  • #1,403
  • Nov 11, 2009 5:34am Nov 11, 2009 5:34am
Cheers scoobs.

  • #1,404
  • Nov 11, 2009 5:49am Nov 11, 2009 5:49am
I searched the thread for this and I didn't see it discussed or if it matters

In the robot the date and TIME for the next holiday defaults to Steve's default time 22:00 for me its 17:00 I changed it. Just a heads up if it matters
  • #1,405
  • Nov 11, 2009 5:54am Nov 11, 2009 5:54am
Hi

If You will test this Ea without risking money IBFX have a free $50 miniaccount. 1 lot has a pipvalue = $1 so I think You have to calculate baselot buy yourself. And i think you have to change multiplicationfactor = 20.
Regards
Elovv
  • #1,406
  • Nov 11, 2009 6:21am Nov 11, 2009 6:21am
Here is my statement up almost $340 ( even with the buggy buy yesterday I let it ride) so I'm up 17% since Fri
I also have 100% on short positions and 84 on longs.

I love it Thanks to all involved
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.GIF Size: 66 KB
  • #1,407
  • Nov 11, 2009 6:22am Nov 11, 2009 6:22am
Quoting dryclean
Here is my statement up almost $340 ( even with the buggy buy yesterday I let it ride) so I'm up 17% since Fri
I also have 100% on short positions and 84 on longs.

I love it Thanks to all involved
Looking good. Well done.
  • #1,408
  • Nov 11, 2009 6:33am Nov 11, 2009 6:33am
I have very little do it with it it's all you guys fault LOL

ps I ordered my R8 I was gona get a TT but the heck with that lol
  • #1,409
  • Nov 11, 2009 6:48am Nov 11, 2009 6:48am
Quoting challenger78
Couldn't be said any better... I would love to see this warning in the first post...

You are not harsh Steve, granted, this is a public forum, however, the thread starter/owner reserves the right to keep the level of discussion wherever they feel like.
Suggestion adopted.

  • #1,410
  • Nov 11, 2009 6:48am Nov 11, 2009 6:48am
V2.2 is uploaded to post 1. Let's hope this has ironed out the wrinkles.

  • #1,411
  • Nov 11, 2009 6:52am Nov 11, 2009 6:52am
Hey guys, here are some of the contents of a PM sent to me by dee. I would not normally post PM's, but this is of general interest:

Quote
I looked through the statements that Scooby posted. It appears that he's averaging about 20 pips per 1 std full lot. Currently the default settings for the EA is for a standard account. TP is essentially 1% of AccountBalance, $200 profit per $20,000. This would be ~20pips to reach the $target on a std account. However, the same default settings on a mini account, TP of $200 would be equivalent to ~200pips. It takes a lot longer to reach ~200 pips than it does 20pips.

I know that we can manually change the BaseLot and the TpMultiplicationFactor...

What do the rest of you think? My thoughts are, "It aint bust so I am not going to fix it" but invite comments.

dee, I have included the code you sent within comments, so you can quickly adapt subsequent releases.

  • #1,412
  • Edited 7:20am Nov 11, 2009 7:01am | Edited 7:20am
Quoting SteveHopwood
Hey guys, here are some of the contents of a PM sent to me by dee. I would not normally post PM's, but this is of general interest:



What do the rest of you think? My thoughts are, "It aint bust so I am not going to fix it" but invite comments.

dee, I have included the code you sent within comments, so you can quickly adapt subsequent releases.

The EA works fine on mini account and the logic of the statement is wrong.

The flaw in the statement is that it says the mini account needs to reach $200 but this is not the case. In the mini account the "lot" value (mini lot) is 1/10 of the full lot, and the BaseLot dollar value is also scaled accordingly by 1/10, so the target becomes $20, therefore takes the same time/pips to reach as in full lot account which would have target $200.

PS: the target profit is not 1% of account, it is 200*BaseLot. Now, it is the case that for mini account the % target gain becomes 1/10 of that in a full lot account. So if dee means he would like to have the same % profit target in a mini account as in a standard account, then I guess we do need to make BaseLot 10 times bigger for mini accounts, which would increase profit % by factor of 10 for the same number of profit pips, but obviously would increase the risk (drawdown) and margin required by a factor of 10 also.

PPS: so in a way dee is right, the settings are for standard account for the given % profit target. The same settings in mini account will give 1/10 of the profit for 1/10 of the risk.
  • #1,413
  • Nov 11, 2009 7:08am Nov 11, 2009 7:08am
Quoting challenger78
The EA works fine on mini account and the logic of the statement is wrong.

The flaw in the statement is that it says the mini account needs to reach $200 but this is not the case. In the mini account the "lot" value (mini lot) is 1/10 of the full lot, and the BaseLot is also scaled accordingly by 1/10, so the target becomes $20, therefore takes the same time/pips to reach as in full lot account which would have target $200.
Yes.

What could be happening is a broker is widening the spread on some or all of the pairs. Some brokers do this during Asia session. I know Alpari (UK) does this with EURCHF now. Why, I dont know.

This maybe one reason why people think it takes longer to hit TP on some type of accounts/brokers.
  • #1,414
  • Nov 11, 2009 7:24am Nov 11, 2009 7:24am
Hello Steve and thanks for the new update. Didn't have a sell basket last night and I did have news filter on.
Also the buy basket that was opened in error and I manually closed at $208.00 loss was recovered to a point of -11.00 by manually adding sell for each of them.
  • #1,415
  • Nov 11, 2009 7:28am Nov 11, 2009 7:28am
Quoting challenger78
The EA works fine on mini account and the logic of the statement is wrong.

The flaw in the statement is that it says the mini account needs to reach $200 but this is not the case. In the mini account the "lot" value (mini lot) is 1/10 of the full lot, and the BaseLot dollar value is also scaled accordingly by 1/10, so the target becomes $20, therefore takes the same time/pips to reach as in full lot account which would have target $200.

PS: the target profit is not 1% of account, it is 200*BaseLot. Now, it is the case that for mini account...
My initial thoughts were that this would be run on a standard account.

Sorry if this has caused some confusion.

PS. Before I joined FF I didnt realise that brokers offered mini accounts.
  • #1,416
  • Nov 11, 2009 7:34am Nov 11, 2009 7:34am
Quoting scooby-doo
My initial thoughts were that this would be run on a standard account...
Why I am not surprised?

Dees observation is a good one, however up to this point I am happy it went unnoticed cause helps keep risk low as we are still in development and testing of the EA.

Probably at a later stage we can include some code to say, if account is mini, BaseLot *= 10;

On a different note, just to say something different, I noticed that this week NZDUSD is ranging nicely and entered a trade earlier on. With US in semi-holiday and NZ closed, seems relatively safe. Sorry for the small hijack, I thought would be interesting to say something a bit different.

Here is the details of US holiday:

Today is Veterans Day. The markets are open, but the following are closed: Banks, the Federal Reserve, the US Postal Service, and US government offices.
  • #1,417
  • Nov 11, 2009 7:43am Nov 11, 2009 7:43am
Please how do I open php files as i noted on first page downloads
  • #1,418
  • Nov 11, 2009 7:45am Nov 11, 2009 7:45am
Quoting frederic
Please how do I open php files as i noted on first page downloads
Please read the thread, it has been answered a few times already. OK because I feel nice, I'll give you a hint. Click at the top right where it says "Search this thread" and type php. You will find the answer faster.

Thanks
  • #1,419
  • Nov 11, 2009 7:49am Nov 11, 2009 7:49am
Has anyone noticed when the indicator suddenly spikes down or up ?

Even though the indicator is using a weighted average for the XXXJPY pairs it is the NZDJPY that causes these severe spikes.
  • #1,420
  • Nov 11, 2009 7:52am Nov 11, 2009 7:52am
Quoting scooby-doo
Has anyone noticed when the indicator suddenly spikes down or up ?

Even though the indicator is using a weighted average for the XXXJPY pairs it is the NZDJPY that causes these severe spikes.
Hmmm NZDJPY seems in a smooth downtrend in 15M... wondering why. Could it have higher weight than the other pairs in the indicator?
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