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scooby-doo BOJ JPY pairs trading robot

  • #2,461
  • Nov 17, 2009 9:00am Nov 17, 2009 9:00am
Quoting maya007
I read it as I read all posts here, link to your post I wrote before. You wrote 23.00 GMT.
In first post of this thread is link to oanda, when Oanda's time 0:00 GMT is wrong. So can be edited to correct time 23.00 GMT? This will stop discussion about opening times. Thats all.
Thank you.
Listen - You need to understand the basics.

Forex is an un-regulated 24/5 global market. The times mentioned are a guideline as to when heavy trading normally occurs.

However, there is nothing stoping me going into my trading floor at 5.00am GMT, well before scheduled London start times and selling 5 Million positions of GBPJPY. This not like Stock Markets where there is a starting/closing bell etc.

So, with this strategy it doesnt matter what broker's/websites put up as start/end times. We are using them as a very rough guide to start/stop monitoring the markets i.e. Tokyo.

Now..... FUCK OFF.
  • #2,462
  • Nov 17, 2009 9:06am Nov 17, 2009 9:06am
Quoting scooby-doo
Listen - You need to understand the basics.

Forex is an un-regulated 24/5 global market. The times mentioned are a guideline as to when heavy trading normally occurs.

However, there is nothing stoping me going into my trading floor at 5.00am GMT, well before scheduled London start times and selling 5 Million positions of GBPJPY. This not like Stock Markets where there is a starting/closing bell etc.

So, with this strategy it doesnt matter what broker's/websites put up as start/end times. We are using them as a very rough guide to start/stop...

LOLOLOLOLOL
  • #2,463
  • Nov 17, 2009 9:07am Nov 17, 2009 9:07am
once again, if you have time:

look at this http://articles.mql4.com/821 which is very close to our targets
  • #2,464
  • Nov 17, 2009 9:10am Nov 17, 2009 9:10am
I think everyone is beginning to forget the original idea behind this robot. It is designed to get in and out quickly at the times stated and take advantage of the BOJ intervention policies. I think if we try to get greedy and code all sorts of shit into it we are destined to fail. I for one would like to just stick with the original plan and see how it goes. It is simple and easy to understand so let’s keep it that way...
Cheers
Foggy
  • #2,465
  • Nov 17, 2009 9:15am Nov 17, 2009 9:15am
Quoting scooby-doo
Listen - You need to understand the basics.

Forex is an un-regulated 24/5 global market. The times mentioned are a guideline as to when heavy trading normally occurs.

However, there is nothing stoping me going into my trading floor at 5.00am GMT, well before scheduled London start times and selling 5 Million positions of GBPJPY. This not like Stock Markets where there is a starting/closing bell etc.

So, with this strategy it doesnt matter what broker's/websites put up as start/end times. We are using them as a very rough guide to start/stop...

WOW! Scooby not cool. your a leader. Not cool. Ban me. I just had to say it. Scooby if you, and Steve are in a hall with hundereds of people that need your help. Some alot of help, and some little. would you make them feel terrible for asking you. I know it gets frustrating, but they need your help, to better they're knowledge. Some do not learn as fast as others. but to speak to them like this is just wrong...So you think about that and your R8.

Respectfully'
GREED IS THE ULTIMATE INDICATOR
  • #2,466
  • Nov 17, 2009 9:24am Nov 17, 2009 9:24am
I had a mentor that found out that if there was a preticular issue that many people had (i.e. timezone) he would make a video and post it. people sometimes respond better to different types of learning. You are doing good things here. So keep it open and positive. when I was at the Lambo dealer, guy wanted to teach me about the car so he started saying this and sayin that. I said "give me the keys and let me figure it out" get it?

Thanks for your work
GREED IS THE ULTIMATE INDICATOR
  • #2,467
  • Nov 17, 2009 9:25am Nov 17, 2009 9:25am
Steve,

it might be that the following is missing at the end of the NewsFilterCheck() method:

if (NewsTime) return (true);

I believe without this the method always returns false?

I've done a test just now with a local xml file and it seems to suspend now whereas it didn't before.

Let me know.

Fredella
  • #2,468
  • Edited 9:50am Nov 17, 2009 9:27am | Edited 9:50am
Polite observations from the sidelines after reading this thread:

Very interesting trading concept and has real potential. Respect must go to the strategist and the EA coder(s).

It seems that the confusion problem surrounding the sell and buy start times could be simply resolved if so desired.

The generous strategist has stated in his documentation that the time to look for sell opportunities is from 10.30pm GMT and the time to look for buy opportunities is from 6.30am GMT. This equates to an EA sell hour start setting of 10pm GMT and an EA buy hour start setting of 6am GMT. Straight-forward enough. Until, that is, you follow through with the EA coders instructions, which indicate starting times of 2 hours before Tokyo 'open' and Tokyo 'close'. Now if you use the strategists given Forex market trading times and marry them to the coders instructions, then you come out with EA sell and buy hour start settings that conflict with the strategists own instructions. However, whether you are to use the Tokyo Forex trading times or the Tokyo Stock Market trading times is anyones guess, and this has never been made clear.

Surely someone can see that it's necessary to re-confirm and clarify the EA sell and buy start hours in GMT, and these can be simply converted into local time? If this was put on the first page of this thread, then all the hyperbole about the different market trading times would be avoided. It's hardly surprising that people have become confused, and this has nothing to do with a persons level of intelligence, or their ability to tell the time in different continents. But perhaps it has more to do with the absence of any 100% un-questionable and clearly defined statement of agreement between the 2 powers on this thread, containing their joint confirmation of the correct sell and buy start hours to put in the settings. Such a statement would be fairly quick and easy to provide if desired.

Since the timing of trades is an essential part of the EA's strategy, and success largely depends on it, then surely this issue should be sorted out once and for all, rather than having people revelling in the confusion caused, and poking fun at other members with less forex experience.

Perhaps mischeivous, or perhaps elitist in nature, this thread is reminiscent of classroom peer pressure, where doubtless some people are now too insecure or afraid to put up their hand and ask ANY type of question, for fear of insult or riddicule. If you are worried about losing contributors through barring, I would suggest that the current status quo could potentially alienate more valuable contributors to this thread than barring alone.

How are we to learn? How did we all learn? Or did we all start life as Forex experts, or experts in our chosen field?
  • #2,469
  • Nov 17, 2009 9:33am Nov 17, 2009 9:33am
Quoting fxcellent
I had a mentor that found out that if there was a preticular issue that many people had (i.e. timezone) he would make a video and post it. people sometimes respond better to different types of learning. You are doing good things here. So keep it open and positive. when I was at the Lambo dealer, guy wanted to teach me about the car so he started saying this and sayin that. I said "give me the keys and let me figure it out" get it?

Thanks for your work
Well said. However, there is a rookie forum in this site, and it's

<============== That way
http://www.forexfactory.com/forumdisplay.php?f=56


Here is the trading systems forum. We like to help but we are not obliged to spend our time with pedantic questions to people who can't be bothered to do their homework. We are here to develop a system and to assist those who have already done the basic groundwork on trading. There is a time and place for everything, and here is not the place to ask elementary questions that distract and frustrate people.

I will help anyone who shows me that they've made an effort. But I have no mercy for all those "Show me the get rich quick button" people.

Regards
  • #2,470
  • Nov 17, 2009 9:35am Nov 17, 2009 9:35am
Quoting challenger78
Well said. However, there is a rookie forum in this site, and it's

<============== That way
http://www.forexfactory.com/forumdisplay.php?f=56


Here is the trading systems forum. We like to help but we are not obliged to spend our time with pedantic questions to people who can't be bothered to do their homework. We are here to develop a system and to assist those who have already done the basic groundwork on trading. There is a time and place for everything, and here is not the place to ask elementary questions that distract and...
GREED IS THE ULTIMATE INDICATOR
  • #2,471
  • Nov 17, 2009 9:37am Nov 17, 2009 9:37am
Quoting Gmgi
Polite observations from the sidelines after reading this thread:
...
How are we to learn? How did we all learn? Or did we all start life as Forex experts?
See my previous post. You learn by reading first what has already been answered. If that's not good enough, rookie forum:

<============== That way
http://www.forexfactory.com/forumdisplay.php?f=56

PS: sorry didn't read most of your post. I skip anything with the words "GMT" and "Time" in it since a few days ago. Time is a precious commodity my friend for each of us.

All the best
  • #2,472
  • Nov 17, 2009 9:41am Nov 17, 2009 9:41am
some are lazy, some are just Dummies, some have language issues, many are cold but few are frozen. None should be cursed at. OK. Cane me.
Vincit qui se vincit.
  • #2,473
  • Nov 17, 2009 9:43am Nov 17, 2009 9:43am
Quoting Fredella
Steve,

it might be that the following is missing at the end of the NewsFilterCheck() method:

if (NewsTime) return (true);

I believe without this the method always returns false?

I've done a test just now with a local xml file and it seems to suspend now whereas it didn't before.

Let me know.

Fredella
In fact there is slightly more to it due to the use of the global NewsTime variable. I have changed the method to the following:

bool NewsFilterCheck()
{
// Checks for impending news events.
//Call the news reader every 1 minute
static int OldBar;
if (OldBar == iBars(Symbol(), PERIOD_M1) ) return(NewsTime);
OldBar = iBars(Symbol(), PERIOD_M1);


for(int cc = 0; cc < NoOfPairs; cc++)
{
int minutesSincePrevEvent = iCustom(NULL, 0, "FFCal Scoobs", TradePair[cc], true, true, false, true, true, 1, 0);
int minutesUntilNextEvent = iCustom(NULL, 0, "FFCal Scoobs", TradePair[cc], true, true, false, true, true, 1, 1);
if((minutesUntilNextEvent <= MinsBeforeNews) || (minutesSincePrevEvent <= MinsAfterNews))
{
NewsTime = true;
break;
}//if((minutesUntilNextEvent <= Mins.Before.News) || (minutesSincePrevEvent <= Mins.After.News))
NewsTime = false;
}//for(int cnt = 0; cnt < PairsToTrade; cnt++)

if (NewsTime) return (true);


}// End bool NewsFilterCheck()

I believe this has the desired effect and I also believe that in the current state the newsfilter isn't working properly. I am using the v1.1 version though, not sure if anything was done in v1.2 regarding this.
  • #2,474
  • Nov 17, 2009 9:46am Nov 17, 2009 9:46am
Everybody,
You have been given a means to play around with this EA. Please try out different hours to trade. Then decide what gives you maximum benefit. YOU NEED NOT FOLLOW ANYBODY.
Demoing is suggested first. NOBODY HAS ASKED YOU TRADE LIVE AT FIRST GO!
So experiment on demo and find out for yourself what timing suits you best. Scooby has given his opinion as an experienced trader.
If you do not want to follow it, it is up to you. You are the master of your a/c.

My respect goes to Elovv. He doesn't ask unnecessary questions but tries out on his own and reports any malfunctions any results he finds.

PLEASE END THE DISCUSSION HERE OR THIS THREAD WILL DIE AS MANY GOOD ONES HAVE.

Vinesh
  • #2,475
  • Nov 17, 2009 9:46am Nov 17, 2009 9:46am
Quoting Pippopotamus
some are lazy, some are just Dummies, some have language issues, many are cold but few are frozen. None should be cursed at. OK. Cane me.
Our problem is the lazy ones, not the others. It's pretty obvious who hasn't been bothered to read the first page.

I end posting about this here. Let's focus on the system.
  • #2,476
  • Nov 17, 2009 9:47am Nov 17, 2009 9:47am
Quoting fxcellent
WOW! Scooby not cool. your a leader. Not cool. Ban me. I just had to say it. Scooby if you, and Steve are in a hall with hundereds of people that need your help. Some alot of help, and some little. would you make them feel terrible for asking you. I know it gets frustrating, but they need your help, to better they're knowledge. Some do not learn as fast as others. but to speak to them like this is just wrong...So you think about that and your R8.

Respectfully'
Hello fxcellent;

Scooby or Steve are getting frustrated because questions being asked are already answered in the thread, when Scooby says the trade will start now for example., all the individual has to do is to look at the post time and match his/her time to that, it is simple as it is !
And to give the guys their right (scooby, steve, and others...) they are helping more than needed, they are even answering questions about how to attach an ea to the chart, although that could be resolved by looking at help files in mt4.
Questions about attachment.php were also answered in this thread many times, and we still have questions about it.
The bottom line is Scooby and Steve can't go to every one home and set the ea to trade right, the individual must read the thread first and make a little effort to solve small issue problems. They gave us an ea that generates cash, and that’s the highest level of generosity, because and to tell you the truth if I had such an indicator and ea I wouldn’t share it, I would be making money for myself only. What do we want more from them?!
We are watching every word they say to judge them, and we are daring them to bane us instead of reading and watching how things could be done.
This thread is dedicated to discuss the FUNCUNALITY of the ea.
  • #2,477
  • Nov 17, 2009 9:51am Nov 17, 2009 9:51am
https://secure.efxnow.com/forex2/eng/ct-dummies.pdf
  • #2,478
  • Nov 17, 2009 9:54am Nov 17, 2009 9:54am
Quoting ra123
Hello fxcellent;

Scooby or Steve are getting frustrated because questions being asked are already answered in the thread, when Scooby says the trade will start now for example., all the individual has to do is to look at the post time and match his/her time to that, it is simple as it is !
[color=black][font=Verdana]And to give the guys their right (scooby, steve, and others...) they are helping more than needed, they are even answering questions about how to attach...
I agree
GREED IS THE ULTIMATE INDICATOR
  • #2,479
  • Nov 17, 2009 9:55am Nov 17, 2009 9:55am
Quoting scooby-doo
https://secure.efxnow.com/forex2/eng/ct-dummies.pdf

thanks, I will read it as well.
GREED IS THE ULTIMATE INDICATOR
  • #2,480
  • Edited 2:04pm Nov 17, 2009 10:07am | Edited 2:04pm
The idea of producing one xxxJPY candle/chart based on xxx currencies vs JPY is a good one, and probably worth studying.
Vincit qui se vincit.
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