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scooby-doo BOJ JPY pairs trading robot

  • #3,201
  • Nov 23, 2009 8:05pm Nov 23, 2009 8:05pm
Quoting scooby-doo
Steve,

Forget what anyone tells you here about volume or VSA.

As retail traders, you cant see the big picture i.e. what is happening in the real banking/central bank world. This is one reason why retail traders will fail. The only volumes you can see relate only to your broker.

What you need to see is volume/support/resistence/orders at interbank level, which you cant.

However, this doesnt mean you cant make money in retail forex, it just means that you are at a HUGE/MASSIVE dis-advantage before you even start talking about spreads....
Makes sense, as usual.

  • #3,202
  • Nov 23, 2009 8:12pm Nov 23, 2009 8:12pm
Quoting SteveHopwood
No idea. Not a hint of a clue how it works. Indi code does nothing more than leave me utterly baffled.

No idea either what yours tells me. I mean, green = buyers; red = sellers I get, but what does red with a green outline mean?

I'm curious as well -looks like it's a histogram- for either buyers coming in after sellers or sellers coming in after buyers?

I don't have my other volume Indicator atm with me to compare- will do tomorrow...
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  • #3,203
  • Nov 23, 2009 8:13pm Nov 23, 2009 8:13pm
Steve,

I've been a professional software engineer about 12 years now and I started programming something like 30 years ago in grade school on commodore and apple computers so I hope you will take this as a real complement when I tell you that you write damn good code.

Keep up the good work.
  • #3,204
  • Nov 23, 2009 8:16pm Nov 23, 2009 8:16pm
Quoting fxjedi
Steve,

I've been a professional software engineer about 12 years now and I started programming something like 30 years ago in grade school on commodore and apple computers so I hope you will take this as a real complement when I tell you that you write damn good code.

Keep up the good work.
I am a pianist by profession. I have learned to program on an ad-hoc basis; I want/wanted the machine to do something for me, so I learn/learned how to make it do so.

So, yes, I do take it as a complement. Thanks.

  • #3,205
  • Nov 23, 2009 8:27pm Nov 23, 2009 8:27pm
Hello Steve and everyone,

There is only one true Volume indicator on FF in my opinion and that is one in this thread http://www.forexfactory.com/showthread.php?t=126216
This indicator measures true volume. I suggest anyone interested in take a look and you will see why I say that especially from where the creator of this one gets the volume information from. Now, do I think if it will be of help to this nice thread no I do not but I do know it is by far the best indicator of true volume.

Regards,
Jeff


Quoting SteveHopwood
Ok, so I understand a little bit more than my last post suggests.

It seems to me that, unless there is a way of measuring the volume of trading now then any attempt to use trading volume fruitless. What I have read about this in relation to our attempts to trade retail forex suggests that none of the available indicators actually represent trading volume in real time.

Given that none of the indicators available to us represent real-time results, this is no surprise.

Maybe there is a magical volume setting that is reliable? I am not...
  • #3,206
  • Nov 23, 2009 8:37pm Nov 23, 2009 8:37pm
I made a small mistake on the calc of synthetic CADJPY. If you down loaded JPYCandle 2.1 above, please go to that post and download it again.
  • #3,207
  • Nov 23, 2009 8:46pm Nov 23, 2009 8:46pm
Quoting scooby-doo
Steve,

Forget what anyone tells you here about volume or VSA.

As retail traders, you cant see the big picture i.e. what is happening in the real banking/central bank world. This is one reason why retail traders will fail. The only volumes you can see relate only to your broker.

What you need to see is volume/support/resistence/orders at interbank level, which you cant.

However, this doesnt mean you cant make money in retail forex, it just means that you are at a HUGE/MASSIVE dis-advantage before you even start talking about...
Hey Scoobs

Great system so far

Couldn't agree more

Metatrader is such a closed box - you can't really see outside the box

What about Currenex ?

Can you see the real Interbank volumes on that type of platform ?

What is your opinion of Currenex and what trading platform would you recommend if money was no object ?

Thanks for all your efforts

hatter

PS: Can we get more accurate volume info from a good datafeed company - DTN - IQ Feed - Zenfire - Lava ?
What is the best datafeed company ?
  • #3,208
  • Nov 23, 2009 9:13pm Nov 23, 2009 9:13pm
Quoting SteveHopwood
The point of hedging is to mitigate the worst effects of an adverse movement.

In this basket trading method, we successively hedge the worst performing pair in the expectation that the un-hedged pairs will eventually bring the basket back to breakeven. I have used this partial hedging technique successfully in the AshFX V2 robot - applied to individual trades.

Taking hedge trades with lots that are greater than the original makes little sense. The original trades were taken in accordance with a trading system the user sufficiently trusts to...
That answers the question. Guess since we did have so many biggest losers. Will see how long the trades go on?
If the original one is the main ea, I hate to see you going through all this work for the 24hr ea?
I guess for serious trading on a live account, one should go for the original ea?
  • #3,209
  • Nov 23, 2009 9:38pm Nov 23, 2009 9:38pm
Quoting hatter1000
Hey Scoobs

Great system so far

Couldn't agree more

Metatrader is such a closed box - you can't really see outside the box

What about Currenex ?

Can you see the real Interbank volumes on that type of platform ?

What is your opinion of Currenex and what trading platform would you recommend if money was no object ?

Thanks for all your efforts

hatter

PS: Can we get more accurate volume info from a good datafeed company - DTN - IQ Feed - Zenfire - Lava ?
What is the best datafeed company ?
For fx volume I use eSignal. (its probably as close as I can get to "real" as a retail trader. I know FXCM and forex.com give esignal for free if you trade a certain amount/ month
  • #3,210
  • Nov 23, 2009 9:39pm Nov 23, 2009 9:39pm
Quoting letizia
I guess for serious trading on a live account, one should go for the original ea?
yes.
  • #3,211
  • Nov 23, 2009 9:42pm Nov 23, 2009 9:42pm
Will fire up 3.1.
Have a nice day/night all!
  • #3,212
  • Nov 23, 2009 10:45pm Nov 23, 2009 10:45pm
Can someone please answer my basic question on the parellel thread:

http://www.forexfactory.com/showthread.php?t=207090
  • #3,213
  • Nov 23, 2009 11:19pm Nov 23, 2009 11:19pm
Quoting smjones
Here I have the answer. This will automatically check for every pair your broker has and then it will synthetically create the pairs that are missing using a combination of two pairs it does have and by the math process of cancellation. Should work for any broker.

EDIT 02:35 GMT
I made a small mistake in the calc of synthetic CADJPY this one is correct if you down loaded before get a new copy here.

Does this work with brokers having suffixs with pair names?

Ex. USDJPY.fx
  • #3,214
  • Nov 24, 2009 12:50am Nov 24, 2009 12:50am
the RS_GROUP_JPY Strength Index indicator is showing overbought
on all pairs, yet all JPY pairs are selling off
  • #3,215
  • Nov 24, 2009 12:55am Nov 24, 2009 12:55am
Just started getting an error 4062 on the 24hr one.
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  • #3,216
  • Nov 24, 2009 1:11am Nov 24, 2009 1:11am
Quoting moneypip
the RS_GROUP_JPY Strength Index indicator is showing overbought
on all pairs, yet all JPY pairs are selling off
nevermind, I see this is a strength indicator, disregard the quote
  • #3,217
  • Nov 24, 2009 1:20am Nov 24, 2009 1:20am
Mine bought the basket, and then hedged a little bit ago. Does anyone know how to get the ex4 files to show in the custom indicator list? Somehow, they don't show anymore, only the mq4 files.
  • #3,218
  • Edited 3:50am Nov 24, 2009 1:32am | Edited 3:50am
Steve:

Was the buy only above 200SMA and sell only below 200SMA coded into the normal BOJ robot?

If it was, my little Basket Trade robot executed a buy at 0745GMT.

Just checking.....

Cheers.

EDIT: Actually I realized that the normal BOJ robot does not require 200 SMA readings because of INTERVENTION. Am I right Scoobs?
  • #3,219
  • Nov 24, 2009 2:29am Nov 24, 2009 2:29am
Hi Steve,

Just to confirm the earlier post by Letizia.

My 24H version 2.1 is also giving the same error on Alpari UK demo account.

Have a good day ...
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  • #3,220
  • Nov 24, 2009 2:41am Nov 24, 2009 2:41am
All buys closed negative, some hedges were in the positive. How about everybody else?
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