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scooby-doo BOJ JPY pairs trading robot

  • #1,421
  • Nov 11, 2009 7:55am Nov 11, 2009 7:55am
Quoting challenger78
Hmmm NZDJPY seems in a smooth downtrend in 15M... wondering why. Could it have higher weight than the other pairs in the indicator?
You probably dont get a chance to see it visually as it will spike up/down very quickly.

Also, some brokers offer terrible spreads on it for some reason.
  • #1,422
  • Nov 11, 2009 7:56am Nov 11, 2009 7:56am
Quoting scooby-doo
You probably dont get a chance to see it visually as it will spike up/down very quickly.

Also, some brokers offer terrible spreads on it for some reason.
Now I noticed all our pairs trend down, only GBPJPY is out of sync on 15M TF going up....
  • #1,423
  • Nov 11, 2009 7:58am Nov 11, 2009 7:58am
Quoting challenger78
Now I noticed all our pairs trend down, only GBPJPY is out of sync on 15M TF going up....
Dont forget it is a holiday in USA and France.
  • #1,424
  • Nov 11, 2009 8:02am Nov 11, 2009 8:02am
Quoting scooby-doo
Dont forget it is a holiday in USA and France.
Hmm.. and how does this affect our currencies? I mean I can see France affecting EUR. Do you mean the USA holiday affects the JPY? Sorry for the naive question, I am just trying to learn.

Thanks
  • #1,425
  • Nov 11, 2009 8:07am Nov 11, 2009 8:07am
Quoting challenger78
Hmm.. and how does this affect our currencies? I mean I can see France affecting EUR. Do you mean the USA holiday affects the JPY? Sorry for the naive question, I am just trying to learn.

Thanks
Its ok, its actually a VERY good question.

The XXXJPY pairs are mainly driven by New York, London and Tokyo. With Euro tending to follow London.

If one or more of them are absent from the market then it has a big effect on their direction.

Thats why this system works so well. New York, London and Europe are absent from the market.

We only have to deal with Asia, mainly being driven by Tokyo. So the pairs either go up high or down low. Never, usually sideways/flat.

I am glad someone raised a good question.

Scoobs.

PS. I only mentioned France because it has a large effect on the Euro.
  • #1,426
  • Nov 11, 2009 8:13am Nov 11, 2009 8:13am
Wow thanks for this explanation!

But now the question is, this moment Tokyo is closed. Or you were talking generally?

Quoting scooby-doo
Its ok, its actually a VERY good question.

The XXXJPY pairs are mainly driven by New York, London and Tokyo. With Euro tending to follow London.

If one or more of them are absent from the market then it has a big effect on their direction.

Thats why this system works so well. New York, London and Europe are absent from the market.

We only have to deal with Asia, mainly being driven by Tokyo. So the pairs either go up high or down low. Never, usually sideways/flat.

I am glad someone raised a good question.

Scoobs.

PS. I only mentioned...
  • #1,427
  • Nov 11, 2009 8:16am Nov 11, 2009 8:16am
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.
Given that we are not trading NJ as part of the basket, do we need it in the indi?

I have looked at Scott's version of the indi with CAD stripped out, and see how he did it. I have used this to take NZD out of the mix as well. It would be easy to adopt this instead of the current version.

What do you think?

  • #1,428
  • Nov 11, 2009 8:16am Nov 11, 2009 8:16am
Quoting challenger78
Wow thanks for this explanation!

But now the question is, this moment Tokyo is closed. Or you were talking generally?
Generally.

New York is closed and Tokyo is closed. Also, France being closed has an effect on the Euro.

So, the pairs dont really know where they are going at the moment so to speak.

Less liquidity and less volume = DONT TRADE THEM NOW.
  • #1,429
  • Nov 11, 2009 8:17am Nov 11, 2009 8:17am
Quoting SteveHopwood
Given that we are not trading NJ as part of the basket, do we need it in the indi?

I have looked at Scott's version of the indi with CAD stripped out, and see how he did it. I have used this to take NZD out of the mix as well. It would be easy to adopt this instead of the current version.

What do you think?

I would say YES but ofcourse i stand to be corrected.
  • #1,430
  • Nov 11, 2009 8:22am Nov 11, 2009 8:22am
Steve,

Thanks for latest version (2.2) as well as all your double dynamic efforts and creativity, you guys have really raised the forum bar.

Have uploaded v2.2 and will post results tomorrow morn across my 4 and 5 digit brokers.

Also suggest that when people post results that they include the version time and the pip result as opposed to "just made $300" or whatever, as I suspect that there are still some using v1 http://cdn.forexfactory.com/images/icons/icon7.gif and it doesnt help identify specific version issues.

drxyber
  • #1,431
  • Nov 11, 2009 8:24am Nov 11, 2009 8:24am
Quoting scooby-doo
I would say YES but ofcourse i stand to be corrected.
Hehe. Sorry scoobs, that could be yes to either or both questions.

So, shall I strip NZD out of the indi?

  • #1,432
  • Nov 11, 2009 8:25am Nov 11, 2009 8:25am
Quoting SteveHopwood
Given that we are not trading NJ as part of the basket, do we need it in the indi?

I have looked at Scott's version of the indi with CAD stripped out, and see how he did it. I have used this to take NZD out of the mix as well. It would be easy to adopt this instead of the current version.

What do you think?

I agree. After all NZD and AUD are so highly correlated that I think it skews the results a bit having both... especially if we are not trading it I dont see the reason to be there. Not to mention that scoobie has a thing with the NZDJPY
  • #1,433
  • Nov 11, 2009 8:27am Nov 11, 2009 8:27am
Quoting SteveHopwood
Hehe. Sorry scoobs, that could be yes to either or both questions.

So, shall I strip NZD out of the indi?

YES
  • #1,434
  • Nov 11, 2009 8:40am Nov 11, 2009 8:40am
Quoting challenger78
I agree. After all NZD and AUD are so highly correlated that I think it skews the results a bit having both... especially if we are not trading it I dont see the reason to be there. Not to mention that scoobie has a thing with the NZDJPY
The same could be suggested for GBPJPY and EURJPY.

But i wont get onto that subject here otherwise we will end up with an empty basket.

  • #1,435
  • Nov 11, 2009 8:43am Nov 11, 2009 8:43am
Quoting scooby-doo
The same could be suggested for GBPJPY and EURJPY.

But i wont get onto that subject here otherwise we will end up with an empty basket.

Lol quite! CHF too!

OK another suggestion:

I propose to modify this line:

BaseLot = NormalizeDouble(AccountBalance() / 20000, decimals);

To this:

BaseLot = NormalizeDouble(AccountFreeMargin() / 20000, decimals);

The reason being, if we are trading other strategies or manual trades on the same account, we really care how much free margin we have before opening a trade. With the current calculation based on balance, if we currently have trades in heavy DD when the bot opens the orders, we run into the danger of immediate margin call.

What do you guys think?
  • #1,436
  • Nov 11, 2009 8:45am Nov 11, 2009 8:45am
Quoting challenger78
Lol quite! CHF too!

OK another suggestion:

I propose to modify this line:

BaseLot = NormalizeDouble(AccountBalance() / 20000, decimals);

To this:

BaseLot = NormalizeDouble(AccountFreeMargin() / 20000, decimals);

The reason being, if we are trading other strategies or manual trades on the same account, we really care how much free margin we have before opening a trade. With the current calculation based on balance, if we currently have trades in heavy DD when the bot opens the orders, we run into the danger of immediate margin call....
Yes. If you are trading other system's or entering manual trades on the same account.
  • #1,437
  • Nov 11, 2009 8:48am Nov 11, 2009 8:48am
Quoting challenger78
Lol quite! CHF too!

OK another suggestion:

I propose to modify this line:

BaseLot = NormalizeDouble(AccountBalance() / 20000, decimals);

To this:

BaseLot = NormalizeDouble(AccountFreeMargin() / 20000, decimals);

The reason being, if we are trading other strategies or manual trades on the same account, we really care how much free margin we have before opening a trade. With the current calculation based on balance, if we currently have trades in heavy DD when the bot opens the orders, we run into the danger of immediate margin call....
CHF too ?

Not really as it doesnt always follow EUR.

The Swiss are very clever when it comes to financial matters.

However, you could probably get the same TP with less margin and DD with:

AUDJPY
GBPJPY
USDJPY

But, that is outside of this thread.
  • #1,438
  • Nov 11, 2009 8:59am Nov 11, 2009 8:59am
Quoting scooby-doo
YES
Yeesh. That was hard work.

Not stripping NZD out - that was easy.

Nope, what has taken the last 20 minutes is this; I realised the indi and the screen display of the indi values were not the same and I couldn't work out why.

Until I remembered the first value display is the red line, not the white line.

Hell's Bells, I need to get out more.

Or have a brain transplant.

Scoob, I think you had better get a more intelligent robot unwrapper.

Updated indi in post 1.

  • #1,439
  • Nov 11, 2009 8:59am Nov 11, 2009 8:59am
Quoting challenger78
Lol quite! CHF too!

OK another suggestion:

I propose to modify this line:

BaseLot = NormalizeDouble(AccountBalance() / 20000, decimals);

To this:

BaseLot = NormalizeDouble(AccountFreeMargin() / 20000, decimals);

The reason being, if we are trading other strategies or manual trades on the same account, we really care how much free margin we have before opening a trade. With the current calculation based on balance, if we currently have trades in heavy DD when the bot opens the orders, we run into the danger of immediate margin...
My yesterday's mail about Giant lots( meaning 'intolerable' to my MM) are explained now. I was zapped by the basket totalling to .5 STD lot on my mini a/c.
Scooby I too had to take imodium when EA opened basket in the wrong direction.
  • #1,440
  • Nov 11, 2009 9:03am Nov 11, 2009 9:03am
Quoting vinesh
My yesterday's mail about Giant lots( meaning 'intolerable' to my MM) are explained now. I was zapped by the basket totalling to .5 STD lot on my mini a/c.
Scooby I too had to take imodium when EA opened basket in the wrong direction.


You should see the lot sizes I open on a daily basis.
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