scooby-doo BOJ JPY pairs trading robot | Page 132 | Forex Factory

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scooby-doo BOJ JPY pairs trading robot

  • #2,621
  • Nov 18, 2009 6:32am Nov 18, 2009 6:32am
Steve

The general rule of thumb is SL is >= 10% dd then start hedging at >= 5% dd.

Scoobs.
  • #2,622
  • Nov 18, 2009 6:33am Nov 18, 2009 6:33am
Here is my demo account for the last three days. The 24HR was the only thing running on this account, although there were a lot of different indy's in the folders.

I started with a $1,500 balance and a 0.1 lot size.

I'm going to reinstall everything now to make sure it's completely clean and with Steve's freshest, but I thought you might like to see this before I hit the DELETE button.

Murph
Attached Image (click to enlarge)
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  • #2,623
  • Nov 18, 2009 6:36am Nov 18, 2009 6:36am
Hi Scooby,

Please accept my apologies for stupid question which make me confuse since 7 days. Also sorry for my bad English too.

==What is the formula to calculate the minimum Balance for our account to trade safe from margin call ?, if we want to trade BOJ EA with---> "account size being >= 2500 given our base lot divisor".
----------------------
Examples :
E-global DEMO
Balance : USD 2012
Base-lot size = 0.08 (USD 2012 / 25000)
EA Open trade basket :
Sell :
0.13 UJ
0.08 GJ
0.09 EJ
0,14 Chfjpy
0.14 AudJpy
----------------------
0.56 lot open trade on Account balance USD 2012
------> that means with only Account balance of USD 2012, we open 0,56 lot on JPY pairs----->I don;t dare to trade with so little Account balance(USD 2012.)
--------------------
Alpari UK Demo
Balance USD 10.000
Base-lot size (on Screen) = 0.4
Currently EA no open trade, so I can not know what is the open trade total lot-size.

========================
We, Retail MT4 trader were being learned as follow :

- Risk only 1-5 % of Equity per trade, means each USD 1000 can only open 0.01 - 0.05 Micro-lot.

- For USD 2012 can only open 0.02 -0.10 lots per trade

Thank you

Cheers
  • #2,624
  • Nov 18, 2009 6:42am Nov 18, 2009 6:42am
Quoting ad2008
Hi Scooby,

Please accept my apologies for stupid question which make me confuse since 7 days. Also sorry for my bad English too.

==What is the formula to calculate the minimum Balance for our account to trade safe from margin call ?, if we want to trade BOJ EA with---> "account size being >= 2500 given our base lot divisor".
----------------------
Examples :
E-global DEMO
Balance : USD 2012
Base-lot size = 0.08 (USD 2012 / 25000)
EA Open trade basket :
Sell :
0.13 UJ
0.08 GJ
0.09 EJ
0,14 Chfjpy
0.14 AudJpy
----------------------
0.56 lot open...
You are confusing single pair trading to basket pair trading. By its nature you need more equity to open a basket than a single currency. With XXXJPY basket you need to set your SL close to 10%. These pairs are far ranging because of differences in interest rates between the economies.
  • #2,625
  • Nov 18, 2009 6:54am Nov 18, 2009 6:54am
The most recent 24h 1.4 is not filtering the upcoming USD news.
  • #2,626
  • Nov 18, 2009 7:11am Nov 18, 2009 7:11am
My 24H V 1.4 has just taken a sell - not sure why as on the 15min and 1hr they are showing below 10 and 20 on the charts
  • #2,627
  • Nov 18, 2009 7:21am Nov 18, 2009 7:21am
Quoting scooby-doo
Steve

The general rule of thumb is SL is >= 10% dd then start hedging at >= 5% dd.

Scoobs.
I just lolled in the bath thinking about this.

I can think of two hedge exit strategies that can also be combined.

 

  1. Put a trailing stop on the hedge trades at, say, +100 4 dig crim pips.
  2. The moment the hedge trades are sent, reduce TpMultiplicationFactor dramatically, say to 10. When BOJ intervenes and the run on the Yen reverses, the basket and its hedge can close out at breakeven, or a loss far smaller than the 10% stop loss. In a slightly different form, the AshFX robot uses this strategy wuccessfully.

What do you think?

  • #2,628
  • Nov 18, 2009 7:21am Nov 18, 2009 7:21am
24 hour basket V1.1 just closed at TP in 11 minutes.
  • #2,629
  • Nov 18, 2009 7:44am Nov 18, 2009 7:44am
Took that trade manualy based on the indicator, weeeeeeeeeeeee.

  • #2,630
  • Nov 18, 2009 7:45am Nov 18, 2009 7:45am
24Hr V 1.4 opened a Sell basket and closed it in profit. Very nice work on this both the concept and the coding
  • #2,631
  • Nov 18, 2009 7:54am Nov 18, 2009 7:54am
24 v 1.2
had 5 baskets in last 24hrs 1 buy the rest sell
151.17 profit on 2500 account demo on fxdd 6% great
76.00% success 19 wins 6 loss
testing 1.4 now

Original system V2.6 now
up 23% since this started with a 88+% winning rate

at work I demo 24hr at home demo original robot 2.5
  • #2,632
  • Nov 18, 2009 7:56am Nov 18, 2009 7:56am
Quoting SteveHopwood
I just lolled in the bath thinking about this.

I can think of two hedge exit strategies that can also be combined.

 

  1. Put a trailing stop on the hedge trades at, say, +100 4 dig crim pips.
  2. The moment the hedge trades are sent, reduce TpMultiplicationFactor dramatically, say to 10. When BOJ intervenes and the run on the Yen reverses, the basket and its hedge can close out at breakeven, or a loss far smaller than the 10% stop loss. In a slightly different form, the AshFX robot uses this strategy wuccessfully.

What do you think?...

Perfect.
  • #2,633
  • Nov 18, 2009 7:58am Nov 18, 2009 7:58am
Check my signature link, the last basket opened and closed in 1 minute.
  • #2,634
  • Nov 18, 2009 8:05am Nov 18, 2009 8:05am
The NFA is prohibiting hedging because it believes that “customers do not understand either the lack of financial benefit or the financial costs involved” in carrying long and short positions in the same currency in the same account. Therefore, Compliance Rule 2-43(b) bans the practice and requires FDMs to offset positions on a first-in, first-out basis (FIFO).

I guess for us in the states there is no way around hedging.
Good Looking Uncle Sam I guess I can't think for myself

Not sure how US can take advantage of the robots hedge feature. Not sure if in the US I can open and operate a foreign broker
  • #2,635
  • Nov 18, 2009 8:07am Nov 18, 2009 8:07am
Quoting dryclean
The NFA is prohibiting hedging because it believes that “customers do not understand either the lack of financial benefit or the financial costs involved” in carrying long and short positions in the same currency in the same account. Therefore, Compliance Rule 2-43(b) bans the practice and requires FDMs to offset positions on a first-in, first-out basis (FIFO).

I guess for us in the states there is no way around hedging.
Good Looking Uncle Sam I guess...
Just open an account with a foreign broker, I believe many US citzens are doing this.

However, I am not sure where you stand with the IRS etc.
  • #2,636
  • Nov 18, 2009 8:10am Nov 18, 2009 8:10am
Hi All,
First of all Thank you for sharing such a great system and EAs.

Quoting SteveHopwood
Quick question: the robot sends a call to FFCal Scoobs once a minute. Shall I change this to once every 5 minutes to cut down unnecessary calls? That is one of those logic thingys that I have a tough time getting my head around.

I suppose the code should be the following,
Inserted Code
void NewsFilterCheck()
{
   // Checks for impending news events.

   //Call the news reader every 1 minute
   static int OldBar;
   if (OldBar == iBars(Symbol(), [color=Blue]PERIOD_M5[/color]) ) return(false);
   OldBar = iBars(Symbol(), [color=Blue]PERIOD_M5[/color]);
I haven't tested this yet and I'm sorry if this is not correct.
I'm not good at coding..
  • #2,637
  • Nov 18, 2009 8:17am Nov 18, 2009 8:17am
Just open an account with a foreign broker, I believe many US citzens are doing this.

However, I am not sure where you stand with the IRS etc.


Any Americans out there that have experience to share about this?
  • #2,638
  • Nov 18, 2009 8:18am Nov 18, 2009 8:18am
Quoting dryclean
The NFA is prohibiting hedging because it believes that “customers do not understand either the lack of financial benefit or the financial costs involved” in carrying long and short positions in the same currency in the same account. Therefore, Compliance Rule 2-43(b) bans the practice and requires FDMs to offset positions on a first-in, first-out basis (FIFO).

I guess for us in the states there is no way around hedging.
Good Looking Uncle Sam I guess...
FXDD still allows hedging but they've applied to join the NFA.

I'm going to take a look at GoMarkets. They're in Australia and allow US citizens. They have nano accounts if that floats your boat http://www.gomarketsaus.com/

As far as US taxes you still have topay them. No broker provides 1099s to the IRS but to not pay the taxes is insane.
  • #2,639
  • Nov 18, 2009 8:23am Nov 18, 2009 8:23am
Quoting nubchai
FXDD still allows hedging but they've applied to join the NFA.

I'm going to take a look at GoMarkets. They're in Australia and allow US citizens. They have nano accounts if that floats your boat http://www.gomarketsaus.com/

As far as US taxes you still have topay them. No broker provides 1099s to the IRS but to not pay the taxes is insane.
Change your country of residence every 3 months.

Then you dont have to pay tax anywhere.
  • #2,640
  • Nov 18, 2009 8:25am Nov 18, 2009 8:25am
Quoting dryclean
The NFA is prohibiting hedging because it believes that “customers do not understand either the lack of financial benefit or the financial costs involved” in carrying long and short positions in the same currency in the same account. Therefore, Compliance Rule 2-43(b) bans the practice and requires FDMs to offset positions on a first-in, first-out basis (FIFO).

I guess for us in the states there is no way around hedging.
Good Looking Uncle Sam I guess...
Yes you can. Lots of US citizens are.

They only way you people in the US have of controlling the criminal lunatics that make up the NFA is to move all your accounts overseas and force them to rescind their silly rules.

Be under no illusion. NFA is an association of brokers. It is not a government organisation with legal powers. Calling themselves NFA and insisting they have to be 'NFA-compliant' is merely their way of trying to imply that they are a government agency.

The only thing that annoys me is that they think the rest of us are a stupid as they are.

Pillocks.

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