scooby-doo BOJ JPY pairs trading robot

8,000 points in a week ?

Does someone have a spare life jacket or parachute please ?

I'm always impressed by these candles... even after trading for some time

Maybe Japan has invaded Taiwan ????

As long as they stay out of the Philippines...

DXTrade,
Thanks for the Indicator

Having trouble with the popup Alert. It keeps poppingup all the time... can't keep it shutdown..

Bruce

I am just having best month ever.
I shorted 2 lot of gj at 150.10 with target 131.25 last week and 2 lot this week eurjpy at 133.80 with target 125.00.

Anyway... will probably move to North Sulawesi next January... wrong thread...

Me too my friend
Can't find a way to code it as Alert_Once... too stupid.
So I turned it off

The Japanese finance minister and one of his deputies said they had no plans to intervene to try to stop the yen's rise as it jumped to a 14-year high on Thursday, saying current moves were led by the U.S. dollar's fall.
“We are not considering intervention right now,” Yoshihiko Noda, a deputy finance minister, told Reuters.
The U.S. dollar slumped to a 14-year low of 86.29 yen on trading platform EBS, with Mr. Noda's comment reinforcing a view that Japan would not step into the markets to try to combat persistent dollar weakness.
“This is at the stage where we should watch,” Finance Minister Hirohisa Fujii added.
The weak dollar is a dilemma for Japan's new government, in power for just two months, as it threatens export earnings and could slow an economic recovery. A major Japanese exporter decried the yen's “extraordinary” level.
Analysts, however, played down the chances of a Japanese move against a broad fall in the dollar, which hit a 15-month low on Thursday against a basket of major currencies.
“Would I expect to see physical intervention? No. Physical intervention is being frowned upon so we need to see a much weaker dollar first,” said Robert Rennie, a currency strategist at Westpac in Sydney.
Both Mr. Fujii and Mr. Noda have stressed the yen's gains were due to a broad fall by the dollar, although Mr. Fujii also used the standard line that Japan would act if it felt it was needed.
Asked whether current exchange rate moves were abnormal, Mr. Fujii told reporters: “We're trying to find that out now.”
Foreign exchange traders said Mr. Noda's rejection of intervention helped foreign players push the yen higher, saying option-linked buying and importer bids emerged below 87 yen per dollar but was overwhelmed by dollar selling.
The yen has jumped around 17 per cent against the dollar in less than eight months but has risen less than 5 per cent since the end of 2008.
In trade-weighted terms, its rise is also modest with the currency well below highs hit in January.
The yen's real effective exchange rate – a trade-weighted, inflation-adjusted measure of its broad value calculated once a month by the Bank of Japan – was 117.8 in October, roughly 9 per cent below an eight-year high of 128.9 hit in January.
Investors are increasingly on edge about Japan, where the government and the central bank are bickering over how to combat deflation. The government is also juggling a need for stimulus to prevent a second recession this year with investor unease about its huge debt pile.
Those woes, along with the sinking dollar, have sent the Nikkei stock average to a four-month low and pushed 10-year Japanese government bond futures to a seven-week high.
Japan's authorities intervened heavily earlier in the decade to stop a rising yen from harming exports but they quit in March 2004 at the end of a 15-month long spree in which they sold 35 trillion yen to try to shield a struggling economy.
Japan's Democratic Party-led government, which voters swept to power in August, has criticized the previous administration for coddling the country's exporters by keeping the yen weak.
However the big companies are major drivers of growth for Japan and Shoji Muneoka, president of the world's second-biggest steelmaker Nippon Steel Corp, said on Thursday said the yen was reaching “extraordinary” levels against the dollar.
“That will cause a big problem to steelmakers and our customers like carmakers, electronics manufacturers and shipbuilders because their export levels are now quite high,” Mr. Muneoka told reporters.
Mr. Fujii has previously made comments suggesting a stronger yen would benefit Japan as that could help boost domestic demand. While Mr. Fujii later softened his tone, economists say Japan is likely to maintain its policy of not intervening in currency markets that it has held since 2004.
“The situation in the currency market has changed considerably since the late 1990s when countries were willing to support the dollar as a key global currency,” said Hideki Hayashi, global strategist at Mizuho Securities in Tokyo.
“Now the world is letting the dollar fall as U.S. rates stay at low levels.”
Japan's new government is shifting fiscal spending to measures that will support households from large-scale public works projects that were a common feature of the previous administration's economic policy.
Some economists say cutting public works spending could cause Japan's growth to slow temporarily early next year and that it will take time for support of the household sector to make a positive contribution to growth.
Japan's exports have showed strong signs of recovery due to stimulus measures in overseas economies. Investors are becoming worried that a strengthening yen will harm future export growth and snuff out Japan's recovery from its worst recession in decades before the government's policies take hold.

Thanks... I did that... now it is quiet...

If the jpy strength indie is 80/90 (overbought) that means the yen is overbought = when the indie drops below the 80/90 from above you BUY xxx/jpy = buy the pairs.....

If the indie is going down, buy, if going up, sell...............

In amongst the fire and fury of pre Tokyo opening, the Original robot duly took its newly created buy basket opportunity when both 15 and 60m rsi values were into overbought territory. Didn't look good for a while, but the retrace took the trades to tp.

Steve.

Just for information but I am setting my hedge to kick in at 7%

Scoobs

Haven't re-written the hedge code yet, and probably won't before the weekend.

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GBP/JPY can move "by nature" without warning 400-800pips almost every 3-6 Months each years.(3 Years manual trading on GJ).

Just reviewing BOJ Range-bound Strategy we are using now, BOJ OS/OB intervention everydays strategy had reached its limit------ "BOJ intervention Range limit"-----, means BOJ will only intervence the Yen if BOJ can beat the Market (Volume), if not BOJ will let the GJ drop 400-800pips in a week time.(Reuters had reported 2 days ago, that BOJ was not interventing the Yen Strengths).

==Scooby, if there are any clue to guess "BOJ daily Intervention range limit" to set our Filter ?, e.g. Toyota Yen Option/future level ?
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Cheers

BOJ daily Intervention range limit

Yes, i can find this out tomorrow when I get to my trading floor.

no worries.

i am off to bed now as i am shattered

cheers

Scoobs

Sleep well. Thanks for everything.

Hey Steve, Was this buy what was planned for the Tokyo opening?
I thought the ea was meant to be monitoring for a sell basket at the Tokyo opening.

cheers scalpz

I just got back home and looked at how things were going? Not sure if it is the broker I am using Fxsolutions 4 digits Australia?
The 24 hour one didn't take a trade yet, and the proper one took a beating with multi entries?
Account started at $5000 now -1500.00