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scooby-doo BOJ JPY pairs trading robot

  • #2,481
  • Nov 17, 2009 10:55am Nov 17, 2009 10:55am
Quoting smjones
BOK is in the market now also on USD and other currencies according to the wires.

also, would this be of any interest to anyone? Before I decide to develop it further and spend the time on it to figure out the scaling. It is a candle char of all of the JPY pairs that are in the indicator used by the EA.

Is this still a possibility? I agree with Pippopotamus.
  • #2,482
  • Edited 11:52am Nov 17, 2009 11:31am | Edited 11:52am
Quoting Pippopotamus
The idea of producing one candle of JPY strength based on average price of opposing currencies in basket vs JPY is interesting. An average of the value of this candle over a series of fixed intervals may be taken, and then from this average other metrics may be developed, ie., envelopes, Bollingers, Keltners, Z sores, etc.,etc., to be used as measures of S/R, extreme conditions, etc.,etc. These new indicators may be used as either stand alone indicators of JPY strength vs basket, or along with the indicator we already have...An example... extreme...
For scalping it wouldn't need to be that complicated-- When AU EU GU move at the same time direction and EY, AY, GY move (all at the same time) and UY is held- wait ~2 min

Then simply wait for UY to move 2 pips-- that is the direction of the scalp on EY GY AY-- easy 20 -30 pips, as you would also notice a slight reversal in the majors AU GU EU-- look for 10am-1pm ESt time for best entries as UY will move in the dominate direction for all crosses for that moment in time (or twenty minutes)
  • #2,483
  • Nov 17, 2009 11:42am Nov 17, 2009 11:42am
Well, I have been lurking since page 1, but now.... Invisible is in the house!

Great bot and great idea. Demoing both versions and getting some good results - even with FXDD, ha ha.

You know, 160 odd pages are not at all boring with the banter as well. Thanks for keeping us all entertained as well as enlightened, Steve and Scooby. (I must admit not all posts by others have been so enlightening, but I can't mention the topic or I will also be b@nned.)

Cheers,

Invisible
  • #2,484
  • Nov 17, 2009 11:49am Nov 17, 2009 11:49am
Hello,
First of all, It's really an interesting and helpful thread. Thanks to all contributors.

I've downloaded the latest version of EA from 1 post

I live in GMT + 7. Here are inputs from Journal tab

2009.11.18 02:34:23 scooby-doo BOJ basket trading robot V2.5 inputs: SellHourStarts=5; BuyHourStarts=13; BaseLot=0.1; TpMultiplicationFactor=200; BasketStopLossPercentage=10; EmergencyStopLoss=2000; EmergencyTakeProfit=2000; MaxSpreadAllowed=200; MagicNumber=234516; LowerTfOverBought=90; HigherTfOverBought=70; LowerTfOverSold=10; HigherTfOverSold=30; MinsBeforeNews=60; MinsAfterNews=60; DisplayGapSize=30;

But i encountered this error while backtesting

2009.11.18 02:34:29 2009.10.07 13:45 scooby-doo BOJ basket trading robot V2.5 GBPJPY,M15: zero divide

I just up to page 20 but because the EA is latest version so I think that error has not been resolved or raised before.

Did any of you encounter this?

Please let me know if i'm wrong Steve. I have all required indicators in Indicator folder

Regards,
Keith
  • #2,485
  • Nov 17, 2009 12:04pm Nov 17, 2009 12:04pm
Quoting Keith
Hello,
First of all, It's really an interesting and helpful thread. Thanks to all contributors.

I've downloaded the latest version of EA from 1 post

I live in GMT + 7. Here are inputs from Journal tab

2009.11.18 02:34:23...
keith,
This EA does not backtest.
  • #2,486
  • Nov 17, 2009 12:13pm Nov 17, 2009 12:13pm
Quoting Keith
Hello,
First of all, It's really an interesting and helpful thread. Thanks to all contributors.

I've downloaded the latest version of EA from 1 post

I live in GMT + 7. Here are inputs from Journal tab

2009.11.18 02:34:23 scooby-doo BOJ basket trading robot V2.5 inputs: SellHourStarts=5; BuyHourStarts=13; BaseLot=0.1; TpMultiplicationFactor=200; BasketStopLossPercentage=10; EmergencyStopLoss=2000; EmergencyTakeProfit=2000; MaxSpreadAllowed=200; MagicNumber=234516; LowerTfOverBought=90; HigherTfOverBought=70; LowerTfOverSold=10; HigherTfOverSold=30;...
It´s not possible to backtest an EA with multiple currencies
  • #2,487
  • Nov 17, 2009 12:21pm Nov 17, 2009 12:21pm
well it absolutely is, an EA has access to any prices and any timeframe and can send orders for any "symbol" that is, currency pair. So if you put a - properly written - EA on the ninja (U/J) chart, it can happily check what's going on other yen pairs and also trade them.

-or-

you can use file functions and load price data for other pairs on demand, given you have saved / exported it before.

Quoting Elovv
It´s not possible to backtest an EA with multiple currencies
forget about tomorrow, just steal away into the night
  • #2,488
  • Nov 17, 2009 12:27pm Nov 17, 2009 12:27pm
I think it´s much talk about things that not is in line with Scoobys ideas.

The first EA sell 22.30 buy 06.30 (GMT) works perfect. I think we should concentrate us on Scoobys ideas. Otherwise we have something wich maybe not is trading xxxjpy BOJ trading.
Scooby has told us not trade 16.00-22.00 (EA 24/5) and only sell 22.30-00.30, only buy 06.30-08.30
There are two things fot the 24/5 EA which is from Scooby.

But the first EA is only 2 weeks old. I don´t think we should change it, only bugs. What I can see it works in line with Scoobys ideas.
And the 24/5 EA I think we should let it go and see how it works before we change things.

"We" do not change things. It,s Steve, Scooby and some excellent coders.

Have a nice evening and a good basket

Elovv
  • #2,489
  • Nov 17, 2009 12:29pm Nov 17, 2009 12:29pm
Quoting spekitox
well it absolutely is, an EA has access to any prices and any timeframe and can send orders for any "symbol" that is, currency pair. So if you put a - properly written - EA on the ninja (U/J) chart, it can happily check what's going on other yen pairs and also trade them.

-or-

you can use file functions and load price data for other pairs on demand, given you have saved / exported it before.
Always learn something knew!
But not in MT4 Strategitester.

Elovv
  • #2,490
  • Nov 17, 2009 12:40pm Nov 17, 2009 12:40pm
24h ea just issued a sell basket 5 min. ago.
  • #2,491
  • Nov 17, 2009 12:42pm Nov 17, 2009 12:42pm
Interesting as mine (IBFX) is in a buy basket. It is in profit but about 40% away from the TP.
Over confidence can be a moral hazard.... not to mention a financial one!
  • #2,492
  • Nov 17, 2009 12:43pm Nov 17, 2009 12:43pm
Quoting scooby-doo
Important Information

We are now using a divisor of 25000 units to get the base lot size. This means this system can only be run on a standard account with greater or equal to 2500 of base currency. Anything less than this and the lot size calculations for the pairs in the basket will be wrong and you will suffer margin calls, blown accounts etc. You cannot run this on a micro account using nano lots, it simply wont work properly.

If you cannot afford todo this with your live account then basically you shouldnt be using this system. No...
Thanks for making that clear. Was not aware of that.
  • #2,493
  • Nov 17, 2009 1:00pm Nov 17, 2009 1:00pm
Quoting Jezza
Thanks for making that clear. Was not aware of that.
You can make it fixed lot sizing like .1 (depending on your account size) and turn off the automatic calculaton of lots.
  • #2,494
  • Nov 17, 2009 1:05pm Nov 17, 2009 1:05pm
Quoting nubchai
You can make it fixed lot sizing like .1 (depending on your account size) and turn off the automatic calculaton of lots.
Again, it wont work properly if you do this on the 24/5 version.

1 GBPJPY is not the same as 1 EURJPY, 1 CHFJPY, 1 AUDJPY etc
  • #2,495
  • Nov 17, 2009 1:07pm Nov 17, 2009 1:07pm
Quoting scooby-doo
Again, it wont work properly if you do this on the 24/5 version.

1 GBPJPY is not the same as 1 EURJPY, 1 CHFJPY, 1 AUDJPY etc
Ah I see. It's a ratio of lots. O.k.
  • #2,496
  • Edited 1:36pm Nov 17, 2009 1:12pm | Edited 1:36pm
Quoting Keith
Hello,
First of all, It's really an interesting and helpful thread. Thanks to all contributors.

I've downloaded the latest version of EA from 1 post

I live in GMT + 7. Here are inputs from Journal tab

2009.11.18 02:34:23...
The reason you cannot backtest this EA with Strategy tester is because metatrader cannot not keep track of more than one currency in the test mode. I and others have explained this before. If you want to back test it, write a JPY candle program like I did and then go back and visually back test it. Or you could modify the EA to write files for each of the currency histories and place them in the File folder and the make calls to them in tester, Of course this would be idiotic, because of the time and effort involved for a test. You will then assure yourself as I did myself, that the idea is sound.

PS, the reason for the zero divide error, is because when MT4 cannot find a currency price, it returns a 0 (ZERO) instead and the tester can only find the price of the currency the EA is running on.
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  • #2,497
  • Nov 17, 2009 1:38pm Nov 17, 2009 1:38pm
OMG
I think it has been over 24 hours with out an update
you mean we are still on v2.5 I can't believe it.
  • #2,498
  • Nov 17, 2009 1:40pm Nov 17, 2009 1:40pm
candle is off the mark. smjones has it right, I'm sure.
Vincit qui se vincit.
  • #2,499
  • Nov 17, 2009 1:43pm Nov 17, 2009 1:43pm
Quoting Pippopotamus
candle is off the mark. smjones has it right, I'm sure.
I don't understand what you are saying. Note: my GroupRSI is visually inverted, because I am also testing something else and it is not driving any EA.

Perhaps you could expound on what you are pointing out, sorry, Scott
  • #2,500
  • Nov 17, 2009 1:44pm Nov 17, 2009 1:44pm
The 24H EA took a buy today and closed it for profit. The basket was open for just over 3 hours. Using V1.2 on IBFX demo.

Yesterday using V1.1 I had two baskets stop out on a MIG demo making a not so great day. Interestingly the IBFX demo yesterday also running V1.1 only opened one basket and did not stop out but I finally closed it this morning while it was still in DD since I wanted to see what would happen today with V1.2.
Over confidence can be a moral hazard.... not to mention a financial one!
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