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scooby-doo BOJ JPY pairs trading robot

  • #1,741
  • Nov 12, 2009 1:28pm Nov 12, 2009 1:28pm
Quoting ab1
I wish ...lol

Thought I saw that in the setting earlier ?

So thats a mistake then... I thought it looked a bit large !

Read it in here................... Boj robot set txt

ab1
You should run this on demo only at the moment, ok ?
  • #1,742
  • Nov 12, 2009 1:30pm Nov 12, 2009 1:30pm
Quoting ab1
I wish ...lol

Thought I saw that in the setting earlier ?

So thats a mistake then... I thought it looked a bit large !

Read it in here................... Boj robot set txt

ab1
You need to read the thread from start to finish and understand it .... IMHO

The file Boj robot.set.txt was posted by me as an example of how to post a readable .set file - and guess what, my demo account is 100K, which you could also have seen from the link I posted earlier showing live results ....
  • #1,743
  • Nov 12, 2009 1:36pm Nov 12, 2009 1:36pm
Quoting scooby-doo
You should run this on demo only at the moment, ok ?
Absoultely...no way am I running it live...well Id like to later.

So hows it been going are you guys getting results ?

ab1
  • #1,744
  • Nov 12, 2009 1:45pm Nov 12, 2009 1:45pm
Quoting ab1
Absoultely...no way am I running it live...well Id like to later.

So hows it been going are you guys getting results ?

ab1
So far i think its fair to say its been a bit hit and miss for some as there been issues regarding start/end times given the different timezones people are in around the world. Also this thread has been going for less than 2 weeks and we have still been developing the EA.

I dont know what trading level you are at regarding currencies and understanding of economics etc but my advice to you would be to read the BOJ Intervention Policy document several times.

Having said that, try the EA and if you can stay awake (i presume your are in UK) see what happens to the XXXJPY pairs.

Anyway, good to see you here.

Cheers

Scoobs.
  • #1,745
  • Nov 12, 2009 1:53pm Nov 12, 2009 1:53pm
Quoting scooby-doo
So far i think its fair to say its been a bit hit and miss for some as there been issues regarding start/end times given the different timezones people are in around the world. Also this thread has been going for less than 2 weeks and we have still been developing the EA.

I dont know what trading level you are at regarding currencies and understanding of economics etc but my advice to you would be to read the BOJ Intervention Policy document several times.

Having said that, try the EA and if you can stay awake (i presume your are in UK)...
Ok cool thanks

If you need any help with the robot let me know I might know someone who would be willing to help. He's at Uni here in the UK and very keen to get involved in this sort of stuff. He also lived in Japan...very possibly not relevant ...lol, but who knows !

If you give me the OK ill contact him and let him introduce himself...then its up to you guys from there.....nothing to do with me.

Ok , cheers


ab1
  • #1,746
  • Nov 12, 2009 2:03pm Nov 12, 2009 2:03pm
Quoting scooby-doo
So far i think its fair to say its been a bit hit and miss for some as there been issues regarding start/end times given the different timezones people are in around the world. Also this thread has been going for less than 2 weeks and we have still been developing the EA.

I dont know what trading level you are at regarding currencies and understanding of economics etc but my advice to you would be to read the BOJ Intervention Policy document several times.

Having said that, try the EA and if you can stay awake (i presume your are in UK) see...

I think feed may be an issue with FXDD too. With other EAs ,both homegrown and commercial, I've noticed on fxdd that you can get a trade on demo and not on live. Different servers, different feeds.

I've read the documents and posts and really like the concept here

Sandy
  • #1,747
  • Nov 12, 2009 2:09pm Nov 12, 2009 2:09pm
Quoting nubchai
I think feed may be an issue with FXDD too. With other EAs ,both homegrown and commercial, I've noticed on fxdd that you can get a trade on demo and not on live. Different servers, different feeds.

I've read the documents and posts and really like the concept here

Sandy
Yes, there seems to be a big issue with some retail brokers. Not sure what can be done about that apart from people finding a better broker for themselves.

Good to see you here.

Cheers

Scoobs.
  • #1,748
  • Nov 12, 2009 2:14pm Nov 12, 2009 2:14pm
I have a few comments about the RSI calculation. May be rather technical, so beware.

1) Watch the "RS_GROUP_JPY Strength Index" indicator when a new candle forms (on the quarter hour on M15). The RSI values can have some very violent changes. In fact, the entire indicator repaints. Better yet, put the indicator on M1 chart to really exaggerate the issue. Does anyone know why? Part of the reason is that new candles for the 7 JPY pairs form at different times.

For example, let's say at 12:00:01, a new tick comes in for GBPJPY. This will create a new candle for GBPJPY - the 12:00 candle. However, no other pair has had a new tick since the clock turned to 12:00:00. So, the indicator will calculate the RSI value for the new candle. It will use the 0 candle for all pairs. The 0 candle is the 12:00 candle for GBPJPY, but it is the 11:45 candle for all other pairs because they have not had a tick come in yet to form the 12:00 candle. This skews the calculation, sometimes by quite a bit. The calculation will not be "correct" until all pairs form a 12:00 candle.

Do these skewed calculations affect the performance of this method? Maybe, maybe not.

There are remedies for this. However, there is no need to discuss them until it is agreed that a problem exists.

2) Is averaging the 7 individual pair RSI values really the best way to calculate the RSI for the JPY currency? Shouldn't GBPJPY have a little more significance than AUDJPY given its price is roughly double? How about adding the values of the 7 pairs (creating a "candle" for the JPY currency) and then calculating the RSI off of those values?

Again, I have no idea if this would affect the performance of this method.

3) I have created an indicator that shows 2 RSIs for JPY in one indicator window. I find it particularly useful on the M1 chart where I can see how the M15 and H1 RSI values change in 1 minute intervals. See attached screenshot for an example. I will post this indicator only if there is an interest.
Attached Image (click to enlarge)
Click to Enlarge Name: 20091112rsi_mtf.jpg Size: 190 KB
  • #1,749
  • Nov 12, 2009 2:14pm Nov 12, 2009 2:14pm
Demo and live feed issues: Janus Trading runs demo and live accounts with Avail Trading Corp.+ FXCM and says there is no difference between them. Unlike many brokers.
  • #1,750
  • Nov 12, 2009 2:17pm Nov 12, 2009 2:17pm
I just opened a BUY XXXJPY pairs.

Nothing todo with this Robot.
  • #1,751
  • Nov 12, 2009 2:29pm Nov 12, 2009 2:29pm
Quoting scooby-doo
I just opened a BUY XXXJPY pairs.

Nothing todo with this Robot.
I thought we are looking for the sell signal at this moment?
  • #1,752
  • Nov 12, 2009 2:33pm Nov 12, 2009 2:33pm
Quoting scooby-doo
I just opened a BUY XXXJPY pairs.

Nothing todo with this Robot.
I did too at 20:18 in the hole right now
  • #1,753
  • Nov 12, 2009 2:35pm Nov 12, 2009 2:35pm
Quoting zznbrm
I have a few comments about the RSI calculation.....
I have also noticed that the indicator repaints. Please post yours to compare.

Thanks
  • #1,754
  • Nov 12, 2009 2:38pm Nov 12, 2009 2:38pm
Scooby...You trade with Alpari...why do You not trade with a ECN?

My maine trading is swedish futures direct to the market with Tradestation. I donīt like spreadwiding etc on bucketshops. And what I have read about ECNīs are trading direct to the market without marketmakers....maybe I have missunderstand?

Elovv
  • #1,755
  • Nov 12, 2009 2:38pm Nov 12, 2009 2:38pm
Quoting zznbrm
1) Watch the "RS_GROUP_JPY Strength Index" indicator when a new candle forms (on the quarter hour on M15). The RSI values can have some very violent changes. In fact, the entire indicator repaints. Better yet, put the indicator on M1 chart to really exaggerate the issue. Does anyone know why? Part of the reason is that new candles for the 7 JPY pairs form at different times.

For example, let's say at 12:00:01, a new tick comes in for GBPJPY. This will create a new candle for GBPJPY - the 12:00 candle. However, no other pair has had a new tick...
Yes, indeed this is one of those things we will have to look at once the basic robot is finished.

Quote
2) Is averaging the 7 individual pair RSI values really the best way to calculate the RSI for the JPY currency? Shouldn't GBPJPY have a little more significance than AUDJPY given its price is roughly double? How about adding the values of the 7 pairs (creating a "candle" for the JPY currency) and then calculating the RSI off of those values?

Again, I have no idea if this would affect the performance of this method.
This is something I was going to bring up with scoobs once the basic robot is complete. Anyone wants to pitch in right now, I will keep a copy of useful posts for later use. Otherwise we shall come on to it next week.

Thanks for another useful contribution.

  • #1,756
  • Nov 12, 2009 2:45pm Nov 12, 2009 2:45pm
Been thinking about your 2nd point with respect to using JPY/AverageOpposingCurrencyValue as a means of calculating RS. Looks like a good idea. From this average other potentially helpful metrics may be developed.
Vincit qui se vincit.
  • #1,757
  • Nov 12, 2009 2:49pm Nov 12, 2009 2:49pm
Quoting scooby-doo
So far i think its fair to say its been a bit hit and miss for some as there been issues regarding start/end times given the different timezones people are in around the world. Also this thread has been going for less than 2 weeks and we have still been developing the EA.

I dont know what trading level you are at regarding currencies and understanding of economics etc but my advice to you would be to read the BOJ Intervention Policy document several times.

Having said that, try the EA and if you can stay awake (i presume your are in UK) see...
Howdy Steve, Scoob and all...

After three days of pouring through this thread and reading the PDF on the BOJ intervention policy...wow, this is HUGE! I've always wondered why the yen pairs move like this at certain times of day/night- now I know why. We all know that knowledge is king; it makes me wonder how many others Scoob has in his arsenal...Truly what separates the pros from the hacks (like me!) This has opened a door for me/us that will be able to use for a long time.

My two cents so far:

Regarding a broker for all to use: I suggest IBFX/demo. I run demo on many brokers and notice the discrepancies. IBFX is on GMT, with no time limit ( I have a couple of demos that have up for over a year). They have several servers from which to choose; 4 and 5 digit. (some of the servers are not listed in the dropdown box, but are easy to get.) I have found that the 5 digit performs much better than the 4 digit. I can't tell you why, but it does...

(IBFX-MT4 Demo-1_5 decimal - Interbank FX, LLC) attached is the file that needs to go in the config file on your IBFX MT4

Greed forces me to ask this: In my extensive experience using this method... (three days) I can't help but notice that the lagging pairs in the basket continue on into profit after the basket has closed. Is this what usually happens, the stragglers finishing later in profit, or do they often go the other way?

Scoob, Steve- it's probably getting old hearing people gushing with gratitude over what you are accomplishing here- but what the heck...

You guys are awesome!!

Sccob- you don't need to be here, but we are so fortunate to have you. I'm glad it's fun for you again!

Steve- I have participated in several threads where the authors or coders get sick of it and leave. Your commitment is just...selfless...amazing. My hat is off to you....

Wolfer
  • #1,758
  • Nov 12, 2009 2:54pm Nov 12, 2009 2:54pm
I really like that one. I hope this can work with the robot in the future. Everyone can make there own decission over what xxxjpy they will have in the indic.
And we can test different settings. The new on page 1 has not that possibility.

Elovv
  • #1,759
  • Edited 3:13pm Nov 12, 2009 2:54pm | Edited 3:13pm
Quoting challenger78
I have also noticed that the indicator repaints. Please post yours to compare.

Thanks
I need to work out some discrepencies when attached to the M1 chart, but here you go. Enter a date in the estrDate for history mode.

I have not done a huge amount of testing yet, so any comments would be greatly appreciated.
Attached File(s)
File Type: ex4 RSI_JPY.ex4   8 KB | 339 downloads
  • #1,760
  • Nov 12, 2009 3:01pm Nov 12, 2009 3:01pm
Quoting dryclean
I did too at 20:18 in the hole right now
Just closed 20:59 for a profit

Trying to scalp like someone else talked about awhile back

If this is distracting to the thread I will not post about this particular style
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