scooby-doo BOJ JPY pairs trading robot | Page 89 | Forex Factory

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scooby-doo BOJ JPY pairs trading robot

  • #1,761
  • Nov 12, 2009 1:05pm Nov 12, 2009 1:05pm
Apart turning an EA into a script file is it possible in MT4 for an EA to force a tick if it is connected to the server ?
  • #1,762
  • Nov 12, 2009 1:13pm Nov 12, 2009 1:13pm
I will need to talk to my IT department at work and find out how they have coded the banks system to calculate RSI for different groups, maybe it is more complicated than just taking the RSI values and an average.

Assuming they tell me then I will ofcourse pass it on here.
  • #1,763
  • Nov 12, 2009 1:17pm Nov 12, 2009 1:17pm
Quoting SteveHopwood
Yes, indeed this is one of those things we will have to look at once the basic robot is finished.
I guess we could think about adding a minute delay option in a future release;
extern int MinutesDelayStart = 1;

So wait a bit after new bar open before checking for trade trigger.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,764
  • Nov 12, 2009 1:18pm Nov 12, 2009 1:18pm
closed in profit.
Vincit qui se vincit.
  • #1,765
  • Nov 12, 2009 1:23pm Nov 12, 2009 1:23pm
Dont forget that the XXXJPY pairs are extremly volatile during Toyko, London, New York sessions.

However, they tend to go quite 30 mins before London closes until around 10.00pm GMT.

A basket can go from being +300 to -300 very quickly.

You can see now that correlation has broken down between GBP, EUR and CHF
  • #1,766
  • Nov 12, 2009 1:30pm Nov 12, 2009 1:30pm
Quoting zznbrm
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...
Creating a candle like you described might also be a good way to see support and resistance.
  • #1,767
  • Nov 12, 2009 1:37pm Nov 12, 2009 1:37pm
Quoting tazmaan
Here is a script to monitor server connection and reconnect at the specified interval (i set this to 30 seconds myself).
All you have to do is right click on your current account and add to favorites. Verify that it is in your favorites tab, and only that account is there, and then drag this script to a chart.

On another note: Steve, I think you got everyone elses comments last night but missed mine, about the basket tp failing to close.
Need to read all the rest of the pages here, but wanted to get this script up before I forgot where this post...
If MT4 loses connection then the script is removed from the chart!!!
  • #1,768
  • Nov 12, 2009 1:49pm Nov 12, 2009 1:49pm
Quoting wolfeman
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
Thanks for your kind comments.

Hehe, frankly, the brutality with which I am quite happy to deal with dipsticks means I don't get bogged down with silly stuff. My guess is, this is what drives coders away from other threads.

Plus, only an idiot would turn his back on what scoobs is offering here. Ok, so any of my students would confirm I am an idiot, but not such a big one.
  • #1,769
  • Nov 12, 2009 1:54pm Nov 12, 2009 1:54pm
Today I'm going to just sit and watch. I do not trade demo, only live. Yesterday night I left Scooby EA on and went to sleep. I do not know what happened but it took a buy trade (normal) and in the morning closed it with $170 in profit on an a/c of $1200 (roughly 9-10% of the a/c value).
This scared the hell out of me. It had traded nearly 0.5 lots i.e. 1/2 a std. lot!!!!
My comp had updated in the night and restarted. So the connection to broker was severed.
  • #1,770
  • Nov 12, 2009 1:58pm Nov 12, 2009 1:58pm
Ok, just so everyone knows.

There is no new robot release today.

Given that there is usually one every 5 minutes, I will repeat that.

There is no new robot release today. V2.3 is the one to use. I have faffed around with a lot of indi code, and a lot of robot code, and got nowhere. Hey ho; there are days like these. Actually, I have not really got nowhere, there just isn't anything new worth releasing.

You guys do need to be using the RS indi that calculates the white line value from all the pairs, not just the ones we are trading.If in doubt, re-download from post 1.

31 mins to go. So far as I can see, no news to stop the robot trading.

  • #1,771
  • Nov 12, 2009 1:59pm Nov 12, 2009 1:59pm
Quoting vinesh
My comp had updated in the night and restarted. So the connection to broker was severed.
You really need to stop that happening if you are using it to trade EA's.

  • #1,772
  • Nov 12, 2009 2:04pm Nov 12, 2009 2:04pm
Having said there is nothing in V2.4 worth releasing, this isn't quite true.

Earlier today, I adapted scoob's code to check for news releases for all the pairs involved in trading the basket. This works fine, so if anyone wants it I can upload it to post 1. Sing out in the next few minutes if you want it.

  • #1,773
  • Nov 12, 2009 2:05pm Nov 12, 2009 2:05pm
Quoting SteveHopwood
Having said there is nothing in V2.4 worth releasing, this isn't quite true.

Earlier today, I adapted scoob's code to check for news releases for all the pairs involved in trading the basket. This works fine, so if anyone wants it I can upload it to post 1. Sing out in the next few minutes if you want it.

Im in
  • #1,774
  • Nov 12, 2009 2:12pm Nov 12, 2009 2:12pm
By the by, tazman (sorry if the spelling is wrong - spelling from memory here) had a basket that passed its published tp yet did not close.

The most likely explanation for this is this. For the robot to close a basket:

 

  1. the upl has to be >= take profit
  2. the indi white line has to be the other side of 50 to that which triggered the trades

So, the most likely cause of the basket not being closed is 2).

The explanation is that there is more profit to be had if the indi has not moved to the opposite side of the line.

Is this correct, scoobs?

  • #1,775
  • Nov 12, 2009 2:15pm Nov 12, 2009 2:15pm
Quoting SteveHopwood
Ok, just so everyone knows.

There is no new robot release today.

Given that there is usually one every 5 minutes, I will repeat that.

There is no new robot release today. V2.3 is the one to use. I have faffed around with a lot of indi code, and a lot of robot code, and got nowhere. Hey ho; there are days like these. Actually, I have not really got nowhere, there just isn't anything new worth releasing.

You guys do need to be using the RS indi that calculates the white line value from all the pairs, not just the ones we are...
cant we use the RS indi with inputs? I will test different settings?

Elovv
  • #1,776
  • Edited 2:23pm Nov 12, 2009 2:17pm | Edited 2:23pm
Quoting scooby-doo
If MT4 loses connection then the script is removed from the chart!!!
Scoob, nope, the script works when it loses connection, by attempting to reconnect continuously until the connection is established again.
Now shutting down mt4 and reopening, you might have to drag the script on again, I haven't checked this (i leave all my stuff running 24/7)
  • #1,777
  • Nov 12, 2009 2:20pm Nov 12, 2009 2:20pm
Quoting Elovv
cant we use the RS indi with inputs? I will test different settings?

Elovv
Does not work...white line 0.0...can You post the indi without nzd and cad?
  • #1,778
  • Nov 12, 2009 2:21pm Nov 12, 2009 2:21pm
Quoting SteveHopwood
By the by, tazman (sorry if the spelling is wrong - spelling from memory here) had a basket that passed its published tp yet did not close.

The most likely explanation for this is this. For the robot to close a basket:

 

  1. the upl has to be >= take profit
  2. the indi white line has to be the other side of 50 to that which triggered the trades

So, the most likely cause of the basket not being closed is 2).

The explanation is that there is more profit to be had if the indi has not moved to the opposite side of the line.

Is this...

Yes
  • #1,779
  • Nov 12, 2009 2:22pm Nov 12, 2009 2:22pm
Quoting SteveHopwood
By the by, tazman (sorry if the spelling is wrong - spelling from memory here) had a basket that passed its published tp yet did not close.

The most likely explanation for this is this. For the robot to close a basket:

 

  1. the upl has to be >= take profit
  2. the indi white line has to be the other side of 50 to that which triggered the trades

So, the most likely cause of the basket not being closed is 2).

The explanation is that there is more profit to be had if the indi has not moved to the opposite side of the line.

Is this...

thanks steve,
Of course I do not quite understand it completely, but I don't need to I guess
All i know is I saw my basket go into +$150 profit very quickly after opening it, but didn't close. Then it reversed and I had to sit thru a -$300 drawdown, but then finally came back up to $75 to close me out.
Just seemed a little counter-productive, sinec I coulda had that profit instantly, instead of waiting an hour or more and wading thru the DD.
Anyhow, just figured i'd mention it, in case it's something we need to look at.
thanks for the reply
  • #1,780
  • Nov 12, 2009 2:23pm Nov 12, 2009 2:23pm
Quoting tazmaan
Scoob, nope, the script works when it loses connection, but attempting to reconnect continuosly until the connection is established again.
Now shutting down mt4 and reopening, you might have to drag the script on again, I haven't checked this (i live all my stuff running 24/7)
Well, my MT4 lost connection and the script was no longer there when I did right click on the chart ?
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