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scooby-doo BOJ JPY pairs trading robot

  • #3,461
  • Nov 26, 2009 11:32am Nov 26, 2009 11:32am
Seem that major fx rules will change, really don't know if we can built anything based on history / correlation:

import /export is like titanic tour
GB / US bankrupt
some of young tigers economies with heavy debts ( see what happen now with Dubai)
  • #3,462
  • Nov 26, 2009 11:37am Nov 26, 2009 11:37am
Quoting dinofx
Seem that major fx rules will change, really don't know if we can built anything based on history / correlation:

import /export is like titanic tour
GB / US bankrupt
some of young tigers economies with heavy debts ( see what happen now with Dubai)
Unbelievable

http://news.bbc.co.uk/1/hi/business/8381258.stm
  • #3,463
  • Nov 26, 2009 11:47am Nov 26, 2009 11:47am
I was in dubai 2 years ago, before the financial crisis, and I already doubt about the capability to absorb all the new estate programs (there was 110 ,yes 110 ! 5 stars hotels simultaneous in building process, and hundred of thousands appartments) . So now with the recession .....
Oups wrong thread....
  • #3,464
  • Nov 26, 2009 11:58am Nov 26, 2009 11:58am
Quoting scooby-doo
Unbelievable

http://news.bbc.co.uk/1/hi/business/8381258.stm
On this important American holiday, "Thanksgiving Day", I would like to personally thank Steve, Scooby and all who are so giving of their time and talents.

JSHAV
_____________________________________________
"we Have Met The Enemy And He Is Us" Pogo
  • #3,465
  • Nov 26, 2009 12:04pm Nov 26, 2009 12:04pm
Quoting jshav
On this important American holiday, "Thanksgiving Day", I would like to personally thank Steve, Scooby and all who are so giving of their time and talents.

JSHAV
_____________________________________________
"we Have Met The Enemy And He Is Us" Pogo
Your welcome.

Happy thanksgiving
  • #3,466
  • Nov 26, 2009 12:40pm Nov 26, 2009 12:40pm
Quoting scooby-doo
YES

But thinking about it then I think it should start to kick in at 5% and not wait for 10%.

Also,

If we are getting the base lot size by AccountBalance() / 20000 then we should use a 20th of the original lotsize.
BaseLot is calculated on the equity.

Thinking about incrementally increasing the hedge, what sort of dd increment do you envisage?

  • #3,467
  • Nov 26, 2009 12:43pm Nov 26, 2009 12:43pm
Quoting Jezza
Scooby thanks so much again for your invaluable advice and expertise.
Steve, thanks so much again for your tireless effort and coding.
It's amazing how far this has come in just a few weeks.

Steve, when you have a minute, please could you clarify what filters are contained in the 24hr Bot. Out of interest.

Thanks again.
Correlation.
OB/OS
200 sma 15 & 60M
Higher high/lower low
News
Dead hours
Sunday candle
Public hols
Stop trading until

  • #3,468
  • Nov 26, 2009 1:01pm Nov 26, 2009 1:01pm
Quoting SteveHopwood
BaseLot is calculated on the equity.

Thinking about incrementally increasing the hedge, what sort of dd increment do you envisage?

I dont actually think the hedge will kick in that often to start with.

Base lot size = Account equity / 20000

if hedge kicks in then find the biggest loser and divide its orderlots() by 20 and send a reverse trade. Keep doing this every 15 minutes until < 5%

Make sense ?
  • #3,469
  • Nov 26, 2009 1:04pm Nov 26, 2009 1:04pm
Quoting SteveHopwood
Correlation - Yes
OB/OS - Yes
200 sma 15 & 60M - No, 200 SMA 5M
Higher high/lower low - Yes
News - Yes but only High/Major
Dead hours - Yes, 4.00pm GMT to 9.00pm GMT
Sunday candle - Yes
Public hols - Yes
Stop trading until - Is this not the same as dead hours ??

see above
  • #3,470
  • Nov 26, 2009 1:06pm Nov 26, 2009 1:06pm
I have the 24hr EA loaded and the smilie face appears in the top right corner of my screen, however it says the robot is suspended untill the date of the next JPY public holiday. Is the correct date 2009.12.23 00.00 ? Ive entered this date and it still comes up that I need to enter the date.
The greatest force on earth is compound interest.
  • #3,471
  • Nov 26, 2009 1:07pm Nov 26, 2009 1:07pm
Scooby,
Can you explain what just happened in the last 24 hrs. to Jpy crosses?
It cannot be just BOJ buying Yen. Something of fundamental nature seems to have occured. Just for my understanding. It cannot be just Gbp thingy. All crosses went down as if somebody had tied weights to them and thrown in the Pacific Mariana Trench.

Vinesh
  • #3,472
  • Nov 26, 2009 1:24pm Nov 26, 2009 1:24pm
Quoting vinesh
Scooby,
Can you explain what just happened in the last 24 hrs. to Jpy crosses?
It cannot be just BOJ buying Yen. Something of fundamental nature seems to have occurred. Just for my understanding. It cannot be just Gbp thing. All crosses went down as if somebody had tied weights to them and thrown in the Pacific Mariana Trench.

Vinesh
Asia markets are doing remarkable well in comparison to the rest of the world.

This may sound alarmist but the USA, UK and European countries are in the sea with no life jackets. All are trying to put on a brave face and talk their economies up. Asia has a different view and in my opinion is correct.

Fundamentally some people have woken up to the problem/issues and have a long term game plan while others couldn't organise a piss up in a pub.

Basically, nobody wants the USD, GBP or EUR for the foreseeable future. Therefore markets and prices are being down graded accordingly.
  • #3,473
  • Nov 26, 2009 1:29pm Nov 26, 2009 1:29pm
Understood the fundamental reason, but will it not affect the export trades of Asian/Pan Asian countries? Most of them import oil, gold etc.

On another note is there a retracement in the offing soon or the scenario will be the same for next week? Asking b'cos you mentioned long term view.
  • #3,474
  • Nov 26, 2009 1:43pm Nov 26, 2009 1:43pm
Quoting vinesh
Understood the fundamental reason, but will it not affect the export trades of Asian/Pan Asian countries? Most of them import oil, gold etc.

On another note is there a retracement in the offing soon or the scenario will be the same for next week? Asking b'cos you mentioned long term view.
The same for next week ?, I said long term.

Don't forget that the GBPJPY has always been the driving force for the XXXJPY pairs. If markets see it stumbling then to a certain extent they will follow it or at least they have done in the past.

In the future I see Asia doing more business with Russia and within its own markets more so than the west.

Not only are the markets going through a period of fundamental change, i also see a turning point in history whereby the west becomes poorer and Asia becomes richer in comparison.

People will disagree with me and no doubt get upset and/or laugh at my comments.

But I have been studying markets/charts/economies for over 17 years and too me there are big changes in the balance of economies in the not too distant future.

Scoobs.
  • #3,475
  • Nov 26, 2009 1:59pm Nov 26, 2009 1:59pm
Quoting scooby-doo
The same for next week ?, I said long term.

Don't forget that the GBPJPY has always been the driving force for the XXXJPY pairs. If markets see it stumbling then to a certain extent they will follow it or at least they have done in the past.

In the future I see Asia doing more business with Russia and within its own markets more so than the west.

Not only are the markets going through a period of fundamental change, i also see a turning point in history whereby the west becomes poorer and Asia becomes richer in comparison.

People will disagree...
I tend to agree with you on this point. I am from India and recently migrated to USA. I've seen the turning point in India's economy and its neighboring countries and was expecting this to happen but worldwide US $ is perceived as safe haven (it is still the same view if I'm not mistaken) so did not see this coming overnight. My a/c is wiped out overnight as KG had opened a weak Jpy basket. Whatever margin money is left I am tryin to recoup some losses. Can you show me some way (however slim) to do that?
Should I give up my position or hold on with 50% hedge trades in the hope of some technical correction? That way if some correction comes along I'll be gaining 2 pips for 1 lost in hedge and salvage some little amount.
Anyhow you will not be responsible for my account wipeout as it IS already wiped out. Just holding on to a slim hope. Another 50 pips down on G/J and my margin money will be wiped out too and I'll be on the streets with a metaphorical 'begging bowl'.
Vinesh
  • #3,476
  • Nov 26, 2009 2:04pm Nov 26, 2009 2:04pm
Quoting vinesh
I tend to agree with you on this point. I am from India and recently migrated to USA. I've seen the turning point in India's economy and its neighboring countries and was expecting this to happen but worldwide US $ is perceived as safe haven (it is still the same view if I'm not mistaken) so did not see this coming overnight. My a/c is wiped out overnight as KG had opened a weak Jpy basket. Whatever margin money is left I am tryin to recoup some losses. Can you show me some way (however slim) to do that?
Should I give up my position or hold on with...
50 pips on G/J ?

I would consider your account blown mate.
  • #3,477
  • Nov 26, 2009 2:04pm Nov 26, 2009 2:04pm
Btw, the main loss occured on Nzd/Jpy pair which I had forgotten to omit from the basket option. So I recreated your 'diaper/ imodium' scenario but it didn't stop the dioerrhea.
  • #3,478
  • Nov 26, 2009 2:06pm Nov 26, 2009 2:06pm
Oh well! nothing left to lose now. I have become a 'fakir'.
  • #3,479
  • Edited 4:58pm Nov 26, 2009 2:07pm | Edited 4:58pm
Quoting scooby-doo
...
In the future I see Asia doing more business with Russia and within its own markets more so than the west.
...
But I have been studying markets/charts/economies for over 17 years and too me there are big changes in the balance of economies in the not too distant future.
Scoobs.
The future is now. This is the changing of the guards in the economical sense, right now.

Japan now has more trade with China than Usa.
Japan & South Korea (& other countries) are trying to coerce China (not quite the right word, you cant push party China anywhere) into appreciating the yuan.
Thats the same as devalueing the USD bigtime, due to the Chinese savings having funded the Usa dept lifestyle via their bonds.
China party has told their banks to correct their teir 1 ratios & not count the money going between each other. So their banks will be soaking up so much capital (enough to purchase the whole Taiwan stock market) - yea just buy the place back with other peoples money, no need to invade what they consider part of China.

The 'other peoples', thats you & me & your mum & dad every time we buy that cheaper spray, spanner, shirt or what ever.

Oh life is-a-changin soooo much.

cheers scalpz
Target 2 : Stoploss in the green
  • #3,480
  • Nov 26, 2009 2:13pm Nov 26, 2009 2:13pm
Scooby,
I have enogh margin to trade 1 single minilot. If I were to liquidate my position right now what would you suggest I trade for .05 lots?
jUST TRYING TO RECOUP SOMETHING PIP BY PIP so to say.
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