scooby-doo BOJ JPY pairs trading robot | Page 135 | Forex Factory

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Attachments: scooby-doo BOJ JPY pairs trading robot
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scooby-doo BOJ JPY pairs trading robot

  • #2,681
  • Nov 18, 2009 11:19am Nov 18, 2009 11:19am
Basket just closed at TP, after 41 minutes.
  • #2,682
  • Nov 18, 2009 11:28am Nov 18, 2009 11:28am
Just closed a SELL trade for me as well.


However I had one SELL at 0616 GMT hit the Stops, was open for 5 hours.. That was V1.1 though
  • #2,683
  • Nov 18, 2009 11:39am Nov 18, 2009 11:39am
sell basket closed v 1.4 for profit
76.67% success rate
  • #2,684
  • Nov 18, 2009 11:43am Nov 18, 2009 11:43am
Quoting challenger78
This is fine, I really like the explanation and makes sense. It is probably the next level for this robot... I know Steve will hate me for saying that, more work for you Steve
No probs. Hedging is already added and I am trying to test it out now. Iw ill soon be bored again.
  • #2,685
  • Nov 18, 2009 11:46am Nov 18, 2009 11:46am
steve, scoobs, smjones,

my hat is definately off to your collective genius...

thanks so much

ps. would hate to see you bored steve....
  • #2,686
  • Nov 18, 2009 12:00pm Nov 18, 2009 12:00pm
Hey folks.
This post is just for FYI on tax considerations if a US citizen is dealing with a foreign broker.

Let me state this before I type anything else:
All US Citizens are entitle to pay the tax that they are only responsible for. (ie if your situation warrants $0 tax liability then that is the extent of your responsibility period.)

With that said then this is the next thing to consider. Any income that is traceable to yourself or SSN is and can be evaluated for tax purposes. This income includes not only cash but any income from domestic as well as foreign sources.

In many cases especially for us small fries, IRS audits consist of suppling documentation to the IRS to verify income activity. But if a full audit is in place then aside from your records, the auditor will look for any income that is linked to you or your SSN. This will include scrutiny of any bank deposits. In some cases withdrawals may be reviewed in an effort to determine what was the result of such withdrawal (for example you use your visa check card to make a deposit into your forex account)

The simpliest way to regard forex profit is to consider it as capital gain that will be taxed as ordinary income. Now, there is an approach you can apply that would make part of the gain short term (but that is for another topic).

So in short take note of how your forex profits are linked to you or your account. If it can be traced then u need to consider the tax situation for it.

Just FYI from an investor that has handled this situation before. It is not correct to avoid tax responsibilty but it is also not right to pay more than u are supposed to.

Jess






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.
Our AWESOME IMAGINATION is the true holy grail!
  • #2,687
  • Nov 18, 2009 12:57pm Nov 18, 2009 12:57pm
Robot versions with hedging code are attached to post 1.

 

  1. I know the hedge triggering code works because I have been able to force it to happen on demo.
  2. Not certain that the hedge exits work properly. They should because the code is simple, but we all know how buggy my code is.
  3. It remains to be seen how helpful/relevant hedging is to trading these robots.

  • #2,688
  • Edited 1:47pm Nov 18, 2009 1:34pm | Edited 1:47pm
Quoting scooby-doo
If there is no direct economic news affecting the basket and you hit 5% DD..... then hedge EURJPY and USDJPY.
Steve, did you see my post about this? Not sure if it's relevant or not, but maybe worth mentioning.

Scooby talks about hedging, only if there is no direct economic news affecting the basket. Presumably he means no news affecting ANY basket pairs??

But how will we know if there is any news affecting ANY basket pairs, if we have a news filter that monitors AUD & JPY news only? (or AUD, USD & JPY) That's why I wondered if an additional news filter would be required specifically for hedging, (or if it is even possible to add an extra news filter just for hedging).
  • #2,689
  • Nov 18, 2009 1:51pm Nov 18, 2009 1:51pm
Dont know why but still in V2.3 ....

407 PIPS Find out more here

http://lordscoobysteve.mt4live.com/
  • #2,690
  • Nov 18, 2009 2:08pm Nov 18, 2009 2:08pm
I have to go to Paris tomorrow morning until Monday. So I let all the bots run I will see the results when come back.
24h version looking promissing so far....
  • #2,691
  • Nov 18, 2009 3:12pm Nov 18, 2009 3:12pm
Quoting ILoveFF
Dont know why but still in V2.3 ....

407 PIPS Find out more here

http://lordscoobysteve.mt4live.com/
Nice.

  • #2,692
  • Nov 18, 2009 3:21pm Nov 18, 2009 3:21pm
Quoting Jezza
Steve, did you see my post about this? Not sure if it's relevant or not, but maybe worth mentioning.

Scooby talks about hedging, only if there is no direct economic news affecting the basket. Presumably he means no news affecting ANY basket pairs??

But how will we know if there is any news affecting ANY basket pairs, if we have a news filter that monitors AUD & JPY news only? (or AUD, USD & JPY) That's why I wondered if an additional news filter would be required specifically for hedging, (or if it is even possible to add an extra news filter...
Truth to tell, I can't remember if I saw your post or not. Programming in the hedging was a lot of work and has occupied all day. Trying to anticipate mt4's ability to scupper every strategy takes a lot of time to work around.

I haven't added the news filter to hedging. I forgot about it.

Nor am I sure it matters much. If a basket goes so badly astray that it needs hedging, then it needs hedging.

As always, I am only too happy to take on board the advice of traders with greater knowledge and understanding than I possess - that is most of them. As the next days unfold, I shall respond to insights as provided by those generous enough to provide them.

My next job is to add trading hours to the 24H robot. Frankly, I don't think it is necessary because the markets go nowhere in between the dead hours of 18.00 and 22.00 gmt, but it does no harm to be sure.

Less than an hour to go guys, and if looks as though news will not interfere tonight.



Just thought, Scoob's plane was due to take off a few minutes ago. Have a great flight, Scoob.
  • #2,693
  • Nov 18, 2009 3:22pm Nov 18, 2009 3:22pm
Quoting maxou888
I have to go to Paris tomorrow morning until Monday. So I let all the bots run I will see the results when come back.
24h version looking promissing so far....
It will be interesting to see how they get on left to their own devices.

  • #2,694
  • Nov 18, 2009 3:23pm Nov 18, 2009 3:23pm
Ist trade no Chf...?
Vincit qui se vincit.
  • #2,695
  • Nov 18, 2009 3:34pm Nov 18, 2009 3:34pm
Quoting SteveHopwood
Truth to tell, I can't remember if I saw your post or not. Programming in the hedging was a lot of work and has occupied all day. Trying to anticipate mt4's ability to scupper every strategy takes a lot of time to work around.

I haven't added the news filter to hedging. I forgot about it.

Nor am I sure it matters much. If a basket goes so badly astray that it needs hedging, then it needs hedging.

As always, I am only too happy to take on board the advice of traders with greater knowledge and understanding than I possess - that is most of them....
No worries Steve. Would tend to agree with you about the fact that if a trade needs hedging then.....well it needs it.

Can't say thanks enough for all your great work. It is very very much appreciated by all, even if it sometimes might appear to be taken for granted.

Thing is, you churn out modifications and updates in such a fashion that it seems almost effortless, but you must have sweated and toiled.
There are some great minds on here, and sometimes requests suggestions and ideas go into overdrive. But everyone knows you will consider everything on it's merit and do everything you can to code ideas and incorporate them into the EA if deemed necessary.

Tend to agree with other members though - the 'proper' EA certainly works, and we need to be careful not to over do things.

Thanks again
  • #2,696
  • Nov 18, 2009 3:39pm Nov 18, 2009 3:39pm
Quoting smjones
Well maybe it was the space aliens that came to visit last night. This is from our local paper.
Hey Scott....time to dust off your old hat...what do you think?
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  • #2,697
  • Nov 18, 2009 3:44pm Nov 18, 2009 3:44pm
Quoting Jezza
Tend to agree with other members though - the 'proper' EA certainly works, and we need to be careful not to over do things.
A part of me wishes I hadn't issued the 24H bot, because it confuses things a bit. Never mind, 'tis done now and genies don't go back into bottles without a fight.

Just to confirm, the working robot here is the 'proper' one that trades during 'proper' trading hours. Those of us here who understand this do not need this confirmation. To the rest of you, the 24H version burns with incandescent light, but will go against the laws of physics if it lasts. It is just a bit of fun.

Thanks for your kind comments, Hezza. Much appreciated. By giving, I also receive. 'Tis a wonderful virtuous circle. Some of the stuff posted here would be worth paying a lot of money for.

Just don't send me a bill, OK?

  • #2,698
  • Nov 18, 2009 3:50pm Nov 18, 2009 3:50pm
not sure if this has been suggested before

but I manually trade this outside the "normal trading hours" much like the 24 hour bot. but I take the extra filter of making sure the 4hr chart signal aligns as well.
  • #2,699
  • Nov 18, 2009 3:56pm Nov 18, 2009 3:56pm
Quoting deathbait
not sure if this has been suggested before

but I manually trade this outside the "normal trading hours" much like the 24 hour bot. but I take the extra filter of making sure the 4hr chart signal aligns as well.
sounds like a plan to me. The only difference is this: scoobs advises looking at a chart 3x out from the trading chart. So, the 15m + 60m: 60m + 4H etc

Maybe looking at the 4H from a 15M chart has something to offer as well. We can always play with this.

  • #2,700
  • Nov 18, 2009 3:58pm Nov 18, 2009 3:58pm
Hehe. I have spend the entire day in front of the com coding enhancements to the robots.

Is it really only 12 or so hours ago that we were looking at rogue baskets being taken out incorrectly? Or did I miss a day or two?
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