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scooby-doo BOJ JPY pairs trading robot

  • #1,961
  • Nov 13, 2009 12:26pm Nov 13, 2009 12:26pm
Sorry...have read through the thread to try to find an answer but cant get the ea to work...have put it in my /experts folder as per post 1 but it stays greyed out...Journal says "cannot open file"

Any ideas? Thanks..
  • #1,962
  • Nov 13, 2009 12:31pm Nov 13, 2009 12:31pm
Quoting scooby-doo
These are the correct FOREX start and end times.

Dont forget we are dealing with forex market hours, not stock exchange market hours.
Ok, London is 8 to 16

I can change my clock this weekend to be the correct FOREX hours
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,963
  • Nov 13, 2009 12:32pm Nov 13, 2009 12:32pm
Quoting matrixebiz
Ok, London is 8 to 16

I can change my clock this weekend to be the correct FOREX hours
Will you post the new .mq4 for everyone ?
  • #1,964
  • Nov 13, 2009 12:34pm Nov 13, 2009 12:34pm
Quoting scooby-doo
Will you post the new .mq4 for everyone ?
Yes, no problem but since we really only deal with Tokyo do you still want me to add Frankfurt?
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,965
  • Nov 13, 2009 12:38pm Nov 13, 2009 12:38pm
Quoting matrixebiz
Yes, no problem but since we really only deal with Tokyo do you still want me to add Frankfurt?
Yes because some other people might want it for trading other pairs/times.

Also, can you change the name to Forex Market Hours.mq4 then people will know exactly what it represents and there will be no confusion with stock exchange trading etc.

Cheers

Scoobs.
  • #1,966
  • Nov 13, 2009 12:44pm Nov 13, 2009 12:44pm
Quoting scooby-doo
Yes because some other people might want it for trading other pairs/times.

Also, can you change the name to Forex Market Hours.mq4 then people will know exactly what it represents and there will be no confusion with stock exchange trading etc.

Cheers

Scoobs.
Ok
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,967
  • Nov 13, 2009 12:45pm Nov 13, 2009 12:45pm
If anyone is still confused about what start/end times they need to enter to get the robot working in their timzeone then use the site below, just enter the country you are in and it will tell you the start/end times for Tokyo etc.

http://forex.timezoneconverter.com/i...=GMT&refresh=5
  • #1,968
  • Nov 13, 2009 12:47pm Nov 13, 2009 12:47pm
Quoting matrixebiz
Ok
Many thanks.
  • #1,969
  • Nov 13, 2009 1:49pm Nov 13, 2009 1:49pm
Quoting scooby-doo
Many thanks.
Besides of making the necessary graphical time change, I'll see if I can also adjust the way the times are displayed for different brokers since it is only setup for GMT and as long as your brokers server time is GMT then the time will be correct. May take a lot of work to make it auto adjust to adapt to different broker server times.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #1,970
  • Nov 13, 2009 1:53pm Nov 13, 2009 1:53pm
http://www.bis.org/publ/rpfxf07t.pdf

According to BIS latest survery, the top five forex market:
(Base on Daily averages in 2007 April)
Country Marketshare
1) UK 34.1%
2) US 16.6%
3) Switzerland 6.1%
4) Japan 6%
5) Singapore 5.8%

Next survey will be at 2010, I think Japan marketshare will continue to decline, while Hong Kong, Singapore, Australia FX marketshare will up as trading with China explode significantly. Germany(2.5%) is less than France (3%), Australia(4.3%), Hong Kong (4.4%).

The country mentioned above control 82.8% of World Forex Market Turnover. So their trading timezone is important.
  • #1,971
  • Nov 13, 2009 2:03pm Nov 13, 2009 2:03pm
Quoting fxfei
http://www.bis.org/publ/rpfxf07t.pdf

According to BIS latest survery, the top five forex market:
(Base on Daily averages in 2007 April)
Country Marketshare
1) UK 34.1%
2) US 16.6%
3) Switzerland 6.1%
4) Japan 6%
5) Singapore 5.8%

Next survey will be at 2010, I think Japan marketshare will continue to decline, while Hong Kong, Singapore, Australia FX marketshare will up as trading with China explode significantly. Germany(2.5%) is less than France (3%), Australia(4.3%), Hong Kong (4.4%).

The country mentioned above control 82.8%...
I maybe stupid but what is the point of posting this on here please ?
  • #1,972
  • Nov 13, 2009 2:06pm Nov 13, 2009 2:06pm
Quoting scooby-doo
If anyone is still confused about what start/end times they need to enter to get the robot working in their timzeone then use the site below, just enter the country you are in and it will tell you the start/end times for Tokyo etc.

http://forex.timezoneconverter.com/i...=GMT&refresh=5
for me, the best way is here in the home page of ForexFactory. If you click on each time session if it is closed it will shows the message "session begins in x:xx hours". So, now here in Brazil the correct time is 20:00.
  • #1,973
  • Nov 13, 2009 2:13pm Nov 13, 2009 2:13pm
This indicator will tell you your local time and Tokyo time etc.
Attached File(s)
File Type: mq4 Time Zones.mq4   37 KB | 393 downloads
  • #1,974
  • Nov 13, 2009 3:01pm Nov 13, 2009 3:01pm
I thought some here might find this useful information.
Attached File(s)
File Type: pdf A Day in the Life of the Bank of Japan.pdf   50 KB | 589 downloads
  • #1,975
  • Nov 13, 2009 3:07pm Nov 13, 2009 3:07pm
wow i am loving the sell/buy script more then the EA latley
I got a tp multiplier set to 300 (which is very conservative) and every time i see a major move on GBP/JPY i just force sell or buy, reload ea and let it manage the basket

in past 24hrs i had 4 manual baskets closed with TP reached. So thank you Steve and Scooby-doo for all your help so far.

Scooby-doo i cant wait to hear about USD method
  • #1,976
  • Nov 13, 2009 3:12pm Nov 13, 2009 3:12pm
Quoting scooby-doo
I thought some here might find this useful information.

Interesting post there scoob. In the last paragraph, would that explain why we won't have the usual buy opprtunity late in the session?
  • #1,977
  • Nov 13, 2009 3:14pm Nov 13, 2009 3:14pm
Quoting Ervichov
wow i am loving the sell/buy script more then the EA latley
I got a tp multiplier set to 300 (which is very conservative) and every time i see a major move on GBP/JPY i just force sell or buy, reload ea and let it manage the basket

in past 24hrs i had 4 manual baskets closed with TP reached. So thank you Steve and Scooby-doo for all your help so far.

Scooby-doo i cant wait to hear about USD method
Thats good to hear.

What are you using to see a major move in GBPJPY ?
  • #1,978
  • Nov 13, 2009 3:14pm Nov 13, 2009 3:14pm
Quoting scooby-doo
I thought some here might find this useful information.
WOW they even use other banks to intervene for them... this is getting out of hand!

Thanks Scooby, very interesting document indeed!
  • #1,979
  • Nov 13, 2009 3:15pm Nov 13, 2009 3:15pm
Quoting wolfeman
Interesting post there scoob. In the last paragraph, would that explain why we won't have the usual buy opprtunity late in the session?
Yes but it depends on what directions the BOJ have been given and therefore giving to there overseas dealers.
  • #1,980
  • Nov 13, 2009 3:23pm Nov 13, 2009 3:23pm
It would be very exciting to be a BOJ dealer but I imagine the burnout rate must be very high. I hope they are on huge bonuses. Its not uncommon for them to have to work 18+ hours in a day.

They are probably told "Make money for the BOJ or fall on your sword"
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