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

  • #3,381
  • Nov 25, 2009 9:49pm Nov 25, 2009 9:49pm
Quoting vinesh
Whatever happened to it , it is killing my a/c right now!!! I've caught a tiger by the tail!!!!
me too, lucky im on a demo
  • #3,382
  • Nov 25, 2009 9:52pm Nov 25, 2009 9:52pm
Quoting vinesh
Whatever happened to it , it is killing my a/c right now!!! I've caught a tiger by the tail!!!!
I had an awesome visual on this. Roar
  • #3,383
  • Nov 25, 2009 9:54pm Nov 25, 2009 9:54pm
Quoting Takisd
I had an awesome visual on this. Roar
You mean you are the one draining my a/c?
  • #3,384
  • Nov 25, 2009 10:03pm Nov 25, 2009 10:03pm
Quoting scottik187
what just happened to the yen??
It means becareful on GY buys til she hits 139ish
  • #3,385
  • Nov 25, 2009 10:32pm Nov 25, 2009 10:32pm
Quoting scooby-doo
Interesting

I have always said that trading on M1 or M5 is not an option. However, i have been noticing something which may appeal to manual traders here and possibly may be incorporated into the robots.

The setup is as follows:

- GBPJPY M15 chart.
- Put a M5 200 SMA on the chart. (using the attached MTF MA)
- Buy if Bid > M5 200 SMA + 0.200
- Sell if Bid < M5 200 SMA - 0.200

Still use the original BOJ method whereby the indicator is telling you OB or OS areas. Basically, we are still trading the M15 TF but the SMA 200 on M5 TF becomes...
Scoobs..can this be applied outside of the session? After tokyo close?

Cheers
Kaz
  • #3,386
  • Nov 25, 2009 10:42pm Nov 25, 2009 10:42pm
It means that I saw a picture fo you holding a tiger by the tail..

I also saw that yen pairs are always fundamentally charged You can never rely 100 % on technicals with yen. This is just a warm up before the carry trade kicks in though. So get ready for reversals at lower levels.
  • #3,387
  • Nov 25, 2009 11:02pm Nov 25, 2009 11:02pm
I am not running a scooby EA yet - not sure I am ready. However, I am running KG Relative Strength EA (by Steve) and in the last 2 hours, the Yen has kicked butt! The last 2 candles on GJ chart H1 - have dropped like a stone. Did scooby reflect this move or did you guys get something else?
K
  • #3,388
  • Nov 25, 2009 11:23pm Nov 25, 2009 11:23pm
Quoting scartree
I am not running a scooby EA yet - not sure I am ready. However, I am running KG Relative Strength EA (by Steve) and in the last 2 hours, the Yen has kicked butt! The last 2 candles on GJ chart H1 - have dropped like a stone. Did scooby reflect this move or did you guys get something else?
K
My Kg opened a basket of weak Jpy 2 days ago. Only 4 trades but those 4 trades are down by $1200 on a micro a/c. Imagine that.
  • #3,389
  • Nov 25, 2009 11:25pm Nov 25, 2009 11:25pm
Quoting Takisd
It means that I saw a picture fo you holding a tiger by the tail..

I also saw that yen pairs are always fundamentally charged You can never rely 100 % on technicals with yen. This is just a warm up before the carry trade kicks in though. So get ready for reversals at lower levels.
I just hope the reversal comes b4 my a/c is dead! If only BOJ comes out with a vengeance within next 5 minutes can save my butt!
  • #3,390
  • Nov 25, 2009 11:45pm Nov 25, 2009 11:45pm
Well, Scoobs did warn that there will be blood.
  • #3,391
  • Nov 26, 2009 1:15am Nov 26, 2009 1:15am
Quoting harar
I think ottrix is right when the index is in 90 92 it is overbought for the YEN only and not for xxx/jpy, so we have to sell the YEN and to do that we buy the xxx/jpy. I hope I am making sense.
Sorry to contradict
The OB/OS is the average of the RSI of the 5 JPY pairs.
As you can see where the arrows are it is definitely not overbought these 2 days. So in the 80/90 area it is oversold.
And then I have to send a sell basket as this is the same then buying the yen...
Makes sense?
"The only successful substitute for brains is silence."
  • #3,392
  • Nov 26, 2009 1:16am Nov 26, 2009 1:16am
got a buy basket hovering around 0 with the BoJ normal EA... opened a few minutes ago.
  • #3,393
  • Nov 26, 2009 3:20am Nov 26, 2009 3:20am
Quoting vinesh
I just hope the reversal comes b4 my a/c is dead! If only BOJ comes out with a vengeance within next 5 minutes can save my butt!
Read the news, the BOJ has already declraed they are going to start devaluing yen. This push is price discounting by the market before the carry trade re-starts.
  • #3,394
  • Edited 3:58am Nov 26, 2009 3:38am | Edited 3:58am
Quoting DXTrade
Sorry to contradict
The OB/OS is the average of the RSI of the 5 JPY pairs.
As you can see where the arrows are it is definitely not overbought these 2 days. So in the 80/90 area it is oversold.
And then I have to send a sell basket as this is the same then buying the yen...
Makes sense?
If we look in the proper EA then we see these variables and values :

extern double LowerTfOverBought=90;
extern double HigherTfOverBought=80;
extern double LowerTfOverSold=10;
extern double HigherTfOverSold=20;

So for me the 80/90 area means overbought and not oversold.
  • #3,395
  • Nov 26, 2009 4:07am Nov 26, 2009 4:07am
Well it was a good run with yen while it was ranging, now the market is trending down and I wonder if this method can deal with it? I know KG v3 is getting murdered at the moment... I had to manually hedge myself lets hope yen gives back a little since my jpy buy basket was opened at 149 level! LOL i know
  • #3,396
  • Nov 26, 2009 4:17am Nov 26, 2009 4:17am
I guess what I am trying to figure out is when to start opening long positions for YEN to cover my hedge gap.
  • #3,397
  • Nov 26, 2009 4:26am Nov 26, 2009 4:26am
Quoting ottrix
If we look in the proper EA then we see these variables and values :

extern double LowerTfOverBought=90;
extern double HigherTfOverBought=80;
extern double LowerTfOverSold=10;
extern double HigherTfOverSold=20;

So for me the 80/90 area means overbought and not oversold.
Well, here is the version with the inverted logic as requested.
I'm still not convinced that it has to be like this... but what do I know...
Attached File(s)
File Type: ex4 DXT Scooby inverted.ex4   18 KB | 365 downloads
"The only successful substitute for brains is silence."
  • #3,398
  • Nov 26, 2009 4:27am Nov 26, 2009 4:27am
Quoting Ervichov
Well it was a good run with yen while it was ranging, now the market is trending down and I wonder if this method can deal with it? I know KG v3 is getting murdered at the moment... I had to manually hedge myself lets hope yen gives back a little since my jpy buy basket was opened at 149 level! LOL i know
I dont understand your point ?

The Yen is strong.
  • #3,399
  • Nov 26, 2009 4:42am Nov 26, 2009 4:42am
Quoting DXTrade
Well, here is the version with the inverted logic as requested.
I'm still not convinced that it has to be like this... but what do I know...
Ha haha, U know a lot more than the rest of us.
Thanks for the inversed indy.
When I put my basket trades back onto their charts, it appears often to catch the little retraced areas (hindsight ya know).
I would expect trades from your indy take the larger portion of the trends.

I have been thinking of adding a reverse trade switch to my copy of Steve's ea. But that type of thing is not a good indication of the life cycle of an ea. I'm sure this has a lot more potential than other top level ea's around. Primarily because of Scoobs BOJ info.

cheers scalpz
Target 2 : Stoploss in the green
  • #3,400
  • Nov 26, 2009 4:51am Nov 26, 2009 4:51am
Quoting vinesh
My Kg opened a basket of weak Jpy 2 days ago. Only 4 trades but those 4 trades are down by $1200 on a micro a/c. Imagine that.
Sorry to hear this but come on guys let's be for real here..are you sure you wanna put the robot on your live account just yet?..i know i might get bash for this but oh well.One of the main reason why some of us fail at trading is because we are lazy and we like the sound of get rich quick..we want to just drag and drop a robot on our chart and wake up the next day and hope to see hundreds even thousand in our account..very rarely these things happen.Please don't get me wrong i think Scooby and Steve as got a wonderful thing going on here but i always tell people find a system ( or build one ) which you can trade manually and learn it inside out(this is the best way to go friends).Sorry if i'm not sounding positive about robots..it's just that i have been trading for a while now and see these kind of things happen so much people trusting a robot with their hard earn cash..jus to hear weeks or months later someone crying " the damn robot wipe out my account" and all i hear on the other line is "this piece of sh*t"(oh well too late).All i'm saying is guys be careful..try to learn the system and if you can't trade it manually profitable then why the hell would you trust something else to do it for you.Just remember your capital is king so protect it by all means possible..keep blowing it and you will trading on demo untill 2090.Take care guys and Happy Thanksgiving.
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