Vincit qui se vincit.
scooby-doo BOJ JPY pairs trading robot
- #2,701
- Nov 18, 2009 2:04pm Nov 18, 2009 2:04pm
- Joined Apr 2007 | Status: vincit qui se vincit | 6,251 Posts
- #2,702
- Nov 18, 2009 2:10pm Nov 18, 2009 2:10pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Whilst I wasn't looking, my 24H demo took a Buy basket. Now, if BOJ intervenes soon like a good little BOJ, the demo will make the buy basket on the intervention and the Sell basket on the rebound.
Hmmmmmm. There could be another robot here. 2 hours before SellHourStarts, Buy xxxJPY so tht BOJ intervention can send the basket to tp.
Hmmmmmm. There could be another robot here. 2 hours before SellHourStarts, Buy xxxJPY so tht BOJ intervention can send the basket to tp.
- #2,703
- Nov 18, 2009 2:32pm Nov 18, 2009 2:32pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
It's chocks away. No news to get in the way this time.
- #2,704
- Nov 18, 2009 2:36pm Nov 18, 2009 2:36pm
- Joined Dec 2005 | Status: Com Member = Scammer | 5,408 Posts
Steve,
Spank me for being naughty, but I don't believe in demo accounts, so i have the 24hr version on a live account for testing purposes (just about 30 mins worth of my live trading account profit). So far, its up 30%. I have watched it religiously like i am talking 12 hours a day all week. And although the ranges are pretty tight at the moment, the base moves are around 100 pips.
For some reason, I still think that there is more potential in the 24 h version than the time restricted version personally.
I have watched it go and go and points where I look and go "awww dont sell or awww dont buy" and it simply didnt. Because the movement of the yen pairs is naturally volatile, which with your indicator will probably get rid of some of the bad movement.
The other thing I have noticed is when the G/j moves like when it is trending (gradual 50 pip spurts) the indicator "stairs". This is because of the volatility in the movement. It also stops the 15min from getting past the 90 or 10 mark. The plateaus are rangey, so it shouldn't effect much.
I am of course waiting for the big firey trend that most traders see coming. And have banked the profit from it (to another reserve account for further live testing on EA's).
Now forgive me if I am defeating the purpose of the thread, but like scooby. I have traded institutionally. Although I know the BOJ intervenes or injects frequently, I have never heard of them interfering in market pricing in a daily basis (that is intervening with enough quantity to move the price a relative amount). This is partially the reason I like the 24h more than the time restricted one.
However.. I am not saying that its wrong or anything like that, just that I have never heard of it before.
Now one thing I have done on a demo account and I stated it here, was that I do my own analysis, and pick a direction of probability, then set the 24h ea to buy/sell only.
In my opinion, when the yen carry starts up again, this will be the road to riches, picking the direction and buying only. Of course, you gotta be able to pick the direction first
...
As scooby said, you cannot find any EA that will make you money 24/5 you have to intervene with it, make some decisions for it based on judgement (which cannot be programmed) So perhaps we already have what we are after, we just need to use it to its full capacity?
end rant
Spank me for being naughty, but I don't believe in demo accounts, so i have the 24hr version on a live account for testing purposes (just about 30 mins worth of my live trading account profit). So far, its up 30%. I have watched it religiously like i am talking 12 hours a day all week. And although the ranges are pretty tight at the moment, the base moves are around 100 pips.
For some reason, I still think that there is more potential in the 24 h version than the time restricted version personally.
I have watched it go and go and points where I look and go "awww dont sell or awww dont buy" and it simply didnt. Because the movement of the yen pairs is naturally volatile, which with your indicator will probably get rid of some of the bad movement.
The other thing I have noticed is when the G/j moves like when it is trending (gradual 50 pip spurts) the indicator "stairs". This is because of the volatility in the movement. It also stops the 15min from getting past the 90 or 10 mark. The plateaus are rangey, so it shouldn't effect much.
I am of course waiting for the big firey trend that most traders see coming. And have banked the profit from it (to another reserve account for further live testing on EA's).
Now forgive me if I am defeating the purpose of the thread, but like scooby. I have traded institutionally. Although I know the BOJ intervenes or injects frequently, I have never heard of them interfering in market pricing in a daily basis (that is intervening with enough quantity to move the price a relative amount). This is partially the reason I like the 24h more than the time restricted one.
However.. I am not saying that its wrong or anything like that, just that I have never heard of it before.
Now one thing I have done on a demo account and I stated it here, was that I do my own analysis, and pick a direction of probability, then set the 24h ea to buy/sell only.
In my opinion, when the yen carry starts up again, this will be the road to riches, picking the direction and buying only. Of course, you gotta be able to pick the direction first
... As scooby said, you cannot find any EA that will make you money 24/5 you have to intervene with it, make some decisions for it based on judgement (which cannot be programmed) So perhaps we already have what we are after, we just need to use it to its full capacity?
end rant
- #2,706
- Nov 18, 2009 3:03pm Nov 18, 2009 3:03pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Steve,
Spank me for being naughty,................
This resonates with the thread that started all this off over 12 months ago - T101's thread. That went awol because of the originator's somewhat wayward personality, but from that sprung ES's thread, which led to KG's thread, which led to my KG robots thread, which led here.
What feels like a dark age ago, T101 posited a method of taking out a basket of buy xxxJPY trades and using this as a barometer of JPY strength. When the trades were profitable, the Yen was weak; when losing, the Yen was strong.
I remember having a demo with all the xxxJPY charts up and running. They showed clearly how the Yen was doing. I will add some 'buy only/sell only' inputs to the 24H robot so users can make their own analyses also.
Ok, I can program, or I can spend time monitoring charts. Clearly, I cannot do both. Do you have a good way of ascertaining whether the Yen is strengthening or weakening mid-term?
Thanks for a fantastic contribution.
- #2,707
- Nov 18, 2009 3:05pm Nov 18, 2009 3:05pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Got a buy here too on the 24hr EA at just after 22.00GMT.
On the chart though, it doesn't look like the indi went over 90 on the lower tf and over 80 on the higher tf.....
Frpm other posts here, I gather the indi repaints. The robot works on a simulation of whatever the indi is showing at the time of taking its decisions, so some repainting could make the graphic look different.
On another note, the days do seem to be blurring into one around here. Things are really moving at a pace.
- #2,709
- Nov 18, 2009 3:37pm Nov 18, 2009 3:37pm
- Joined Dec 2005 | Status: Com Member = Scammer | 5,408 Posts
Ok, if you want me to but I don't come cheap.
This resonates with the thread that started all this off over 12 months ago - T101's thread. That went awol because of the originator's somewhat wayward personality, but from that sprung ES's thread, which led to KG's thread, which led to my KG robots thread, which led here.
What feels like a dark age ago, T101 posited a method of taking out a basket of buy xxxJPY trades and using this as a barometer of JPY strength. When the trades were profitable, the Yen was weak; when losing, the Yen was...
The other way is to use a 200 sma on a longer term chart, like the 4h or daily, however it is a COG line and as we all know these lines get broken, which could be disasterous for the method we have here.
It may just be a case of requiring deep pockets and taking full advantage of range periods, also taking a sufficient amount of profit on each basket rather than scalping the crap out of it and getting hammered over the longer term. I have tested the EA 3 ways, 1k account for all ways. First is with basket tp of 50 (i am still running this live as it seems the safest as its not in the market too long but the profit really adds up) other with basket 120 and another with basket 200.
With the basket at 200, I did 100% on 1k last thursday alone (5 profitable baskets) with a max drawdown of 340$ the R:R per se isn't overly pretty, but its alot better than some of the traders trading on here. The other thing I noticed was the longer you hold a basket, the less painful trades it takes, if that makes sense. During the period I was running the 200 dollar TP sure it had DD but it would have had worse DD if it took the opposing trades that came up when it made its move. That being said, it only really made 30-40 pips on each pair (0.1 lots)
I figured it could be a safer way, as if you can cover a basket SL with a days trading, you have extra room for disaster, and if you got out your initial deposit asap, who cares right?
I mean, everyone says martingale wipes out, I have been running a martingale system for 2 years now and have never wiped, but thats because I space the orders properly and make enough money to cover a crash. Greed is the underlying element taking too many baskets or trading too high lots, will ruin you. But if you play relatively safe ( i am using the minimum standard lot size for the account size) and take a decent amount of dosh off the table, you should last until the end.
But the manual intervention by selecting long or short only (which you can already do with mt4 it has an option on all experts) will probably make the cake and eat it for you. It just means you can't go on permanent holidays and come back to being a millionaire
P.s the reason im not using 200$ live is because something that makes that much that quick = disaster.
- #2,710
- Nov 18, 2009 3:52pm Nov 18, 2009 3:52pm
Ok, if you want me to but I don't come cheap.
This resonates with the thread that started all this off over 12 months ago - T101's thread. That went awol because of the originator's somewhat wayward personality, but from that sprung ES's thread, which led to KG's thread, which led to my KG robots thread, which led here.
.....Do you have a good way of ascertaining whether the Yen is strengthening or weakening mid-term?
Thanks for a fantastic contribution.
Regards,
MurphyMan
- #2,712
- Nov 18, 2009 4:01pm Nov 18, 2009 4:01pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
It may just be a case of requiring deep pockets and taking full advantage of range periods, also taking a sufficient amount of profit on each basket rather than scalping the crap out of it and getting hammered over the longer term.
- #2,713
- Nov 18, 2009 4:04pm Nov 18, 2009 4:04pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Steve, take a look at Swingman's basket machine in the attachment. I think he is headed in the direction you want. Posts 520 & 521: http://www.forexfactory.com/showthre...166646&page=35
Regards,
MurphyMan
- #2,718
- Nov 18, 2009 4:17pm Nov 18, 2009 4:17pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
v2.5 23:40 Sell basket upl just hit. took 26 minutes & done.
Still very impressive Steve - thankyou thankyou thankyou.
cheers scalpz
Nice one scalpz.
Never mind sundog. You me and the rest of us both. Hey ho.
- #2,720
- Nov 18, 2009 4:20pm Nov 18, 2009 4:20pm
- Joined Dec 2005 | Status: Com Member = Scammer | 5,408 Posts
I think this is the nub of what we are doing here. Better to take a few pips regularly than wait for the killer move. This is what scoob's settings are aimed at; they have worked so far.
Oh listen to me, I sound like goldilocks