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scooby-doo BOJ JPY pairs trading robot

  • #2,001
  • Nov 14, 2009 5:32am Nov 14, 2009 5:32am
Can we use the latest RS Group JPY Strength index on IBFX?
IBFX has not CADJPY.
Pherhaps if we will use IBFX we can use the index with settings and set CADJPY to false?

Happy weekend to all

Elovv
  • #2,002
  • Edited 5:58am Nov 14, 2009 5:42am | Edited 5:58am
Quoting Elovv
Can we use the latest RS Group JPY Strength index on IBFX?
IBFX has not CADJPY.
Pherhaps if we will use IBFX we can use the index with settings and set CADJPY to false?

Happy weekend to all

Elovv
This version allows you to turn off CADJPY. You will need to change the name of the indy by removing the with inputs bit.

Attached File(s)
File Type: ex4 RS_GROUP_JPY Strength Index with inputs.ex4   7 KB | 357 downloads
  • #2,003
  • Nov 14, 2009 6:01am Nov 14, 2009 6:01am
I have put 2.4 in post 1 so the eagle-eyed bug-hunters can have a look at the code to see if they can spot anything.

If you are not an eagle-eyed bug-hunter, you are probably as well waiting until just before the markets open.

  • #2,004
  • Nov 14, 2009 7:07am Nov 14, 2009 7:07am
Quoting SteveHopwood
Hehe. I managed a bit of a classic in post no 1. I have just copied it into an editor so I can make changes to it in advance of posting V2.4. Scrolling down through the doc, I noticed the warning para Look at the bit highlighted in blue. We all know what I meant to say, but what I actually said was completely different if you read it with a tiny bit of attention.

SERIOUS WARNING TO NEW POSTERS
You are welcome here but MUST do the basic reading and research to allow...
Steve, I'll second you 200%...
  • #2,005
  • Nov 14, 2009 8:21am Nov 14, 2009 8:21am
Quoting Elovv
Can we use the latest RS Group JPY Strength index on IBFX?
IBFX has not CADJPY.
Pherhaps if we will use IBFX we can use the index with settings and set CADJPY to false?

Happy weekend to all

Elovv
I think scooby stated that becuase of the relationship with Canada and oil purchases with Japan You should seek a brooker that has the CADJPY pair
  • #2,006
  • Nov 14, 2009 8:25am Nov 14, 2009 8:25am
Hi everyone,

I have been looking at this great thread the past couple of days, and thought I'd leave my thoughts about the strategy. These may be stupid suggestions, and if so, I will not post anything since I don't want to mess up this thread.

-Steve, your multipurpose management EA has the option of a basket trailing stop; is there a reason to not use it with the entries provided by the scooby system?
-Maybe after +(X)% equity close half the position, and let the rest ride by this trailing stop?
-Or after X% close the losers to let the winners run.
-After X% Close the winners and hope the losers will turn green(rebound?)

I know the with the BOJ in play, the basket trade greatly reduces the risk. But is not just for safety reasons reasonable to say a 15%SL would be good?

And last but not least, thanks Scoob, Steve, and others! Have a great weekend!
  • #2,007
  • Nov 14, 2009 8:25am Nov 14, 2009 8:25am
Warning

If you are running this on a Live account and don't know what you are doing then don't set the TP higher than 200.

Goodluck for this coming week.



PS. don't know = Economics, Carry trades, BOJ Intervention, Retraces, Timezones etc...
  • #2,008
  • Nov 14, 2009 8:30am Nov 14, 2009 8:30am
Quoting Elovv
Can we use the latest RS Group JPY Strength index on IBFX?
IBFX has not CADJPY.
Pherhaps if we will use IBFX we can use the index with settings and set CADJPY to false?

Happy weekend to all

Elovv
Elovv and others with IBFX, the indi version I posted a few posts ago will not work for the robot.

I have posted a solution in post 1, so go back for a read and a re-download of the IBFX version of the indi and re-download 2.4 to take advantage of this.

  • #2,009
  • Nov 14, 2009 8:32am Nov 14, 2009 8:32am
Quoting weetikveel
Hi everyone,

I have been looking at this great thread the past couple of days, and thought I'd leave my thoughts about the strategy. These may be stupid suggestions, and if so, I will not post anything since I don't want to mess up this thread.

-Steve, your multipurpose management EA has the option of a basket trailing stop; is there a reason to not use it with the entries provided by the scooby system?
-Maybe after +(X)% equity close half the position, and let the rest ride by this trailing stop?
-Or after X% close the losers to let the winners...
No reason why you shouldn't experiment.

I suggest you let this robot do its job without interference for a while first, whilst you get a feel for what it does.

  • #2,010
  • Nov 14, 2009 9:07am Nov 14, 2009 9:07am
Quoting SteveHopwood
Elovv and others with IBFX, the indi version I posted a few posts ago will not work for the robot.

I have posted a solution in post 1, so go back for a read and a re-download of the IBFX version of the indi and re-download 2.4 to take advantage of this.

Yes I saw that when i test it, it did´nt read the white lines. Bur when I renamned it to"RS GROUP JPY Strength index.ex4" it worked both on Alpari and IBFX.

For testing I like to experiment with different settings in the index.
Thanks for the solution on the first page.

Elovv
  • #2,011
  • Nov 14, 2009 9:26am Nov 14, 2009 9:26am
hi steve, thanks for ur job
some questions,
1, during the SELL TIME and BUY TIME, we never buy on sell time and sell on buy time? it's so strange
2, does the robot buy/sell a basket of XXXJPY ie. GBPJPY plus EURJPY plus AUDJPY and so on? can we just buy/sell one pair?
sorry if my questions are stupid, i am trying to understand everything
thank you
  • #2,012
  • Nov 14, 2009 9:51am Nov 14, 2009 9:51am
for accomodating so graciously IBfx users.
Vincit qui se vincit.
  • #2,013
  • Nov 14, 2009 10:07am Nov 14, 2009 10:07am
Just to let you guys know that I'm working on a new Graphical MT4 forex market hour indicator in GMT but don't like how I get different market Open and Close times from various websites. Some say the length is 9 hours long and some say 8 hours long.

http://www.forexmarkethours.com/GMT_hours/02/ - 9 Hours
http://forex.timezoneconverter.com/i...=GMT&refresh=5 - 8 hours
http://www.forexmarkethours.com/ - 9 hours
http://fxtrade.oanda.com/resources/fxmarkethours/ - 9 hours

Opening times are the same, so I'm going to leave it at 9 hours and you guys can select your own "Close - 2hours" for the BuyHourStarts EA settings if you want to subtract the 2 hours using the 9 hour or 8 hour open and close hours, which ever works best we can just test on Demo.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #2,014
  • Nov 14, 2009 10:22am Nov 14, 2009 10:22am
Quoting matrixebiz
Just to let you guys know that I'm working on a new Graphical MT4 forex market hour indicator in GMT but don't like how I get different market Open and Close times from various websites. Some say the length is 9 hours long and some say 8 hours long.

http://www.forexmarkethours.com/GMT_hours/02/...
I think has already been answered here:

http://www.forexfactory.com/showpost...postcount=1960
  • #2,015
  • Nov 14, 2009 10:27am Nov 14, 2009 10:27am
Quoting lance-zhang
hi steve, thanks for ur job
some questions,
1, during the SELL TIME and BUY TIME, we never buy on sell time and sell on buy time? it's so strange
2, does the robot buy/sell a basket of XXXJPY ie. GBPJPY plus EURJPY plus AUDJPY and so on? can we just buy/sell one pair?
sorry if my questions are stupid, i am trying to understand everything
thank you
read the documents, first post...
  • #2,016
  • Nov 14, 2009 10:37am Nov 14, 2009 10:37am
da power of yen basket trading

Attached Image (click to enlarge)
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  • #2,017
  • Nov 14, 2009 10:38am Nov 14, 2009 10:38am
Quoting macman
I think has already been answered here:

http://www.forexfactory.com/showpost...postcount=1960
It wasn't a question There are conflicting answers, I know Scoobs said the sessions are only 8 hours long but others are saying 9 so I am just leaving it up to the user on what Close hour they want to go by.
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #2,018
  • Edited 11:09am Nov 14, 2009 10:52am | Edited 11:09am
Quoting matrixebiz
It wasn't a question There are conflicting answers, I know Scoobs said the sessions are only 8 hours long but others are saying 9 so I am just leaving it up to the user on what Close hour they want to go by.
OK, thanks for clarification. Personally I will go with the session times as posted by Scoobs, as he sure seems to know what he is talking about.

Interesting to compare trades with anyone who decides to use the longer 9 hour session.
  • #2,019
  • Nov 14, 2009 10:55am Nov 14, 2009 10:55am
Quoting Lucky.
da power of yen basket trading

Lucky

Im very interested in using the manual trading side of things as well. Can you tell me how you go about setting up Scooby for this please.

Cheers


ab1
  • #2,020
  • Nov 14, 2009 10:56am Nov 14, 2009 10:56am
Quoting matrixebiz
It wasn't a question There are conflicting answers, I know Scoobs said the sessions are only 8 hours long but others are saying 9 so I am just leaving it up to the user on what Close hour they want to go by.
Well, I have only been doing this commercially for 17 years for different trading floors around the world, so what do I know about start/end times in the forex markets.

Why dont you just set the gap to 24 hours, that way everyone here will be happy.
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