scooby-doo BOJ JPY pairs trading robot | Page 171 | Forex Factory

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scooby-doo BOJ JPY pairs trading robot

  • #3,401
  • Nov 26, 2009 5:16am Nov 26, 2009 5:16am
Quoting stunna29
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.
I will 2nd, 3rd, 4th and 5th this.

I write trading robots at the drop of a hat. Two of my oft-repeated sayings are these:

 

  1. The robot can only be 90% as good as the system it trades. If the system is rubbish, then so is the robot.
  2. If you can't trade the system manually, then you can't trade the robot. The warning I put at the start of the KG thread should be enough to scare the pants of most people. It doesn't always.

  • #3,402
  • Nov 26, 2009 5:21am Nov 26, 2009 5:21am
>> Stunna29

Having good robots is a long process of programming, tests, it's many efforts, pain an stress.
But one day, after months of trying, we can get some results.
I have 3 robots that works well during the "dead market" (20-24 gmt). After 6 montsh of Demo, I trade them Live since August and they make more or less 1500 € every nights. My account have increased 70% with a maximum DD (happens 1 time) of 7%. I watch carefully the robots trading and close some trades manually. So I still testing and try to improve them to reduce manual intervention, but the results is not bad so far.
  • #3,403
  • Nov 26, 2009 5:22am Nov 26, 2009 5:22am
I have renamed the 'proper' robot as 'scooby-doo BOJ basket robot Original', to make a clearer distinction between it and the more experimental 24H version.

The latest Original version is in post 1. I suggest non-coders hang on a bit before downloading it; I cannot believe there will not be changes before Tokyo opens tonight.

Coders, would you care to see if you can spot flaws in the logic, or boobs in the code?

The relevant functions are: void LookForOverboughtOpportunity(); void LookForOversoldOpportunity()

Calls to them are in start(); do a Find of '//Look for overbought opportunity prior to Tokyo opening && oversold prior to close' to locate the code that triggers the call.


  • #3,404
  • Nov 26, 2009 6:01am Nov 26, 2009 6:01am
Hey Steve

Thanks for all the updates

Hard to keep up with them

Having much better luck with the 24H version than with the "proper" version

24H seems much more consistent than proper - which has hit SL twice in 3 days

Here's an interesting sequence of trades (13:10)

Demo (V2.3) set on 300 TP - so it looks like system got out way too fast

First time I've seen this - having tested with all other previous versions

Regards

hatter

PS: Hedge worked good in first sequence (08:17)
Attached Image (click to enlarge)
Click to Enlarge Name: Trade_Sequence.jpg Size: 188 KB
  • #3,405
  • Nov 26, 2009 6:03am Nov 26, 2009 6:03am
Hi all.

Scooby-Doo, in reaction to your trading of the M15 chart using the 200SMA of the M5 chart, I would suggest also plotting a 21EMA on the M15 chart.

The 21 can provide good support/resistance. Combining both MA's with the Yen OB/OS will give some nice entries.

Have a look at the screenshot. Price bounces very nicely of the 21. Arrows are drawn at the candle where we (not necessary at the open but surely somewhere during the forming of it) could realistically have entered a short position.

Vince

PS: for those manual traders, have a look at the JPY strength on H1, H4 and D1... Looks like a strong reversal might be brewing...
Attached Image (click to enlarge)
Click to Enlarge Name: 21ema.gif Size: 23 KB
  • #3,406
  • Nov 26, 2009 6:43am Nov 26, 2009 6:43am
Information

You can get the same TP with just trading GBPJPY and EURJPY using allot less leverage/margin/DD etc.

You still need to use all the XXXJPY in the indicator and HIGH economic news. Also, its allot easy to manage IF something goes wrong.

  • #3,407
  • Nov 26, 2009 6:51am Nov 26, 2009 6:51am
Hey Scoobs

Thanks for the most interesting update

However, I do recall that in a previous post (You or Steve ?) - you mentioned that the minimum for a successful basket is " 4 pairs "

Is this system specification now being revised ?

Many thanks for all your efforts

hatter
  • #3,408
  • Nov 26, 2009 6:52am Nov 26, 2009 6:52am
Quoting scooby-doo
Information

You can get the same TP with just trading GBPJPY and EURJPY using allot less leverage/margin/DD etc.

You still need to use all the XXXJPY in the indicator and HIGH economic news. Also, its allot easy to manage IF something goes wrong.

ooo I like that
  • #3,409
  • Nov 26, 2009 6:53am Nov 26, 2009 6:53am
Quoting scooby-doo
Information

You can get the same TP with just trading GBPJPY and EURJPY using allot less leverage/margin/DD etc.

You still need to use all the XXXJPY in the indicator and HIGH economic news. Also, its allot easy to manage IF something goes wrong.

Ok, I can quickly and easily amend the robots. I just need to check what you are saying here:

 

  1. Just trade GBPJPY and EURJPY
  2. Take rsi readings for all 7 pairs

  • #3,410
  • Nov 26, 2009 6:58am Nov 26, 2009 6:58am
Quoting SteveHopwood
Ok, I can quickly and easily amend the robots. I just need to check what you are saying here:

 

  1. Just trade GBPJPY and EURJPY
  2. Take rsi readings for all 7 pairs

Yes.

But you still check for major news affecting any of the 7 pairs in the JPY group.

Dont forget the correlation between GBPJPY and EURJPY needs to be > 0.7 on M15. This is a change from previous posts regarding correlation as we are only dealing with these 2 pairs which are usually in sync anyway.
  • #3,411
  • Nov 26, 2009 7:08am Nov 26, 2009 7:08am
M15, M30, H1 and H4 are now all showing an OB condition... and indicating "WEAK". Interesting to see how this will develop

Small long XXXJPY basket opened some 15 minutes ago, with a small profit locked in allready.
  • #3,412
  • Nov 26, 2009 7:09am Nov 26, 2009 7:09am
Since I updated to v2.5 (24h version) it didn't took any trades.
  • #3,413
  • Nov 26, 2009 7:37am Nov 26, 2009 7:37am
I didn't get any bot trades but the manual trading was likeshooting fish in a barrell
  • #3,414
  • Nov 26, 2009 7:43am Nov 26, 2009 7:43am
>> Steve

Thank you for your reply in ASH thread.

By the way, could you add in the next versions of yours bots a parameter "Extern Bool CriminalIs5Digits=True", if =false then divide by 10 the proper parameters ("EmergencyStopLoss" ,etc...), this avoid us to change all the parameters when a new version arise (almost every days!) and forget sometimes 1 parameter.

Thank you.
  • #3,415
  • Edited 11:21am Nov 26, 2009 7:44am | Edited 11:21am
At this point it is a bit confusing to me (yes, a true Dummy) how everything fits together...We are, 1)buying or selling based on OB/OS RSI levels, 2)if orientation vis a vis the SMA 200 is correct, 3)if correlation among the pairs is acceptable, 4)if trade is not nullified by an impending news release, 5)if volume is right, and now, potentially, 6)buying or selling at any time during Tokyo session, and 7)trading only E/J, and G/J, rather than a true JPY basket. Cane me. Pippo
Vincit qui se vincit.
  • #3,416
  • Nov 26, 2009 7:46am Nov 26, 2009 7:46am
Quoting nubchai
I didn't get any bot trades but the manual trading was likeshooting fish in a barrell
Hi Nub,

If you've found good entries, it would be very helpful for me to see them. Would you mind posting a couple of charts of what you saw and took today?

Thx

VBro
  • #3,417
  • Edited 8:13am Nov 26, 2009 7:51am | Edited 8:13am
Quoting Pippopotamus
At this point it is a bit confusing to me (yes, a true Dummy) how everything fits together...We are, 1)buying or selling based on OB/OS RSI levels, 2)if orientation vis a vis the SMA 200 is correct, 3)if correlation among the pairs is acceptable, 4)if trade is not nullified by an impending news release, and now, potentially, 5)buying or selling at any time during Tokyo session, and 6)trading only E/J, and G/J, rather than a true JPY basket. Cane me. Pippo
Yes, I agree, all very confusing. There are allot of ways to trade the Yen group of currencies depending on your experience, account balance, risk/reward etc.

My advice for newbies or people who dont want to try and manage a complete basket is:

1. GBPJPY and EURJPY.
2. M15 chart.
3. Ignore trades if major economic news affecting any XXXJPY pair.
4. Buy both if GBPJPY bid > M5 200 SMA.
5. Sell both if GBPJPY bid < M5 200 SMA.
6. Correlation of both > 0.7 on M15.
7. Base lot for GBPJPY is AccountBalance() / 20000.
8. Close both trades when TP >= (200*Base lot).
9. If DD ever hits 5% then hedge highest loser until >= Breakeven.

This is allot less stressful than trading all XXXJPY pairs.

That's it.

I am running another test on the above here: http://www.myfxbook.com/members/lenovos10e/jpy/7936

PS. OB and OS rule still applies aswell.
  • #3,418
  • Nov 26, 2009 8:03am Nov 26, 2009 8:03am
Quoting vbro
Hi Nub,

If you've found good entries, it would be very helpful for me to see them. Would you mind posting a couple of charts of what you saw and took today?

Thx

VBro
Hi Vbro

I'm off to church and then family for Thanksgiving. But last night it was very easy to see the down trend especially after the GJ drop. I took shorts based on some indicators I use in addition to the ones here (trendmagic is one). But the SMAs alone showed you the direction. This is outside of Scoob's system but sometimes you have to step back and look at the overall trend.
  • #3,419
  • Nov 26, 2009 8:18am Nov 26, 2009 8:18am
Quoting scooby-doo
Yes.

But you still check for major news affecting any of the 7 pairs in the JPY group.

Dont forget the correlation between GBPJPY and EURJPY needs to be > 0.7 on M15. This is a change from previous posts regarding correlation as we are only dealing with these 2 pairs which are usually in sync anyway.
Hi Scoobs
Pardom me if it sounds like a noobs question. Is there any particular reason for excluding CHF? From the correlation doc you posted a while ago seems like it edges ahead of EUR? Two pairs are way the hell easy to maintain 5..for sure!
Cheers
Kaz
  • #3,420
  • Nov 26, 2009 8:22am Nov 26, 2009 8:22am
Quoting scooby-doo
Yes, I agree, all very confusing. There are allot of ways to trade the Yen group of currencies depending on your experience, account balance, risk/reward etc.

My advice for newbies or people who dont want to try and manage a complete basket is:

1. GBPJPY and EURJPY.
2. M15 chart.
3. Ignore trades if major economic news affecting any XXXJPY pair.
4. Buy both if GBPJPY bid > M5 200 SMA.
5. Sell both if GBPJPY bid < M5 200 SMA.
6. Correlation of both > 0.7 on M15.
7. Base lot for GBPJPY is AccountBalance() / 20000.
8. Close both trades when TP...
is that future Steeve refurbished headhache ?
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