scooby-doo BOJ JPY pairs trading robot

Shall we start a new? Maybe there is a correlated marriage basket we can short!

Pleassssssssssseeeeeeeeeeeeeee keep up with the posts scalpz. The developments have been discussed here. Hell's bells, your question is even briefly described in Updates in post 1. Ok, granted, only briefly, but I can spend my time coding or I can spend it writing detailed descriptions of the features of the updates.

This would leave the robot about a week behind where it is now. Which would you prefer?

27 Nov 1:57:34 PM $USDJPY rebounding back above 86.00 as Japan FinMin Fujii steps up intervention threats

Interesting after the article scoobs posted.

We have just been through a major movement; GJ and EJ tanked dramatically.

It looks as though what happened here is this:

 

1. The robot spotted a pre-Tolyo opening buy opportunity, in advance of the Yen falling back so the trades would hit tp, then BOJ stepping in to support the YEN, allowing the robot to take its normal sell basket.
2. The market moved like a raging bull. Most of your basket trades got stopped out - hedging didn't kick in, and I am not sure why. Sometimes a brief retrace allowed a pair to hit tp. This process continued until the Yen moved out of overbought.

Great that you took the trouble to post this. Clearly, we need the same sort of features for the pre-Tokyo opening/closing opposite-Original trades that we do for the 'real' ones. Sorry if this doesn't make sense, but I know what I mean.

This will take some thought.

Thanks for a very useful post.

I can see Asia becoming the most volatile session over the next few years as it becomes the major financial player - will have a serious effect on this strategy.

Maybe but I will still find a way to profit from it.

Yep, and it doesn't do to get too excited by these convulsions. They happen.

Then the markets settle down again.

Prices they go up. Then they go down. Then they go up again. Then they go down again.......................................

Support and resistance either holds or it doesn't.

Then prices.........................

etc

Glad I could be of some help Steve.

The last 7 days (or so) have given a great opportunity to test the strategy during extreme circumstances. So, anyone care to share a summary of their results during this period?

In brief:

 

1. Original robot: done good. Made pips. Hardly surprising - based on a sound strategy.
2. 24H robot: done bad. Lost pips. Hardly surprising - still in the experimental stage and may never see the light of live trading. We shall see.

Well, don't do it wrong again.

Yeah something went wrong... I was up 9% for the week only trading 2 hrs/day. I changed over to the 24hr version-- it opened ten sells on the eur/usd at the sametime lol closed ten minutes later...for 2K profit-- basically 3 lots open on a 5K acct... I'm not even sure there would be enough margin for that move in a real acct (never tried)
OH wait it opened au and gu trades too total of 3.76lots open at the same time on a $5.6K acct... Need to drink a bit more and ponder this...

Looks like the issues with dubai has caused the markets to go crazy.
This is another reason to monitor the news.

DUBAI, United Arab Emirates (AP) -- Just a year after the global downturn derailed Dubai's explosive growth, the city is now so swamped in debt that it's asking for a six-month reprieve on paying its bills -- causing a drop on world markets Thursday and raising questions about Dubai's reputation as a magnet for international investment.
http://d.yimg.com/a/p/fi/26/07/59.jp...390HP1y67q0Q-- AP - Rising high among the towers in Business Bay, Burj Dubai, the world tallest tower, which is still under ...

Related Quotes


SymbolPriceChangeMGM11.01+0.35http://ichart.finance.yahoo.com/inst...ge;size=179x98



{"s" : "mgm","k" : "c10,l10,p20,t10","o" : "","j" : ""}
The fallout came swiftly and was felt globally after Wednesday statement that Dubai's main development engine, Dubai World, would ask creditors for a "standstill" on paying back its $60 billion debt until at least May. The company's real estate arm, Nakheel -- whose projects include the palm-shaped island in the Gulf -- shoulders the bulk of money due to banks, investment houses and outside development contractors.
In total, the state-backed networks nicknamed Dubai Inc. are $80 billion in the red and the emirate needed a bailout earlier this year from its oil-rich neighbor Abu Dhabi, the capital of the United Arab Emirates.
Markets took the news badly -- with the Dubai woes and the continued fall of the U.S. dollar giving investors twin worries. Dubai's move raised concerns about debt across the Gulf Region. Prices to insure debt from Abu Dhabi, Qatar, Saudi Arabia and Bahrain all rose by double-digit percentages Thursday, according to data from CMA DataVision.
In Europe, the FTSE 100, Germany's DAX and the CAC-40 in France opened sharply lower. Earlier in Asia, the Shanghai index sank 119.19 points, or 3.6 percent, in the biggest one-day fall since Aug. 31. Hong Kong's Hang Seng shed 1.8 percent to 22,210.41.
Wall Street was closed for the Thanksgiving holiday and most markets in the Middle East were silent because of a major Islamic feast.
"Dubai's standstill announcement ... was vague and it remains difficult to discern whether the call for a standstill will be voluntary," said a statement from the Eurasia Group, a Washington-based research group that assesses political and financial risk for foreign investors interested in Dubai.
"If it is not, Dubai World will be going into default and that will have more serious negative repercussions for Dubai's sovereign debt, Dubai World and market confidence in the UAE in general," the statement added.
Dubai became the Gulf's biggest credit crunch victim a year ago. But its ruler, Sheik Mohammed bin Rashid Al-Maktoum, had continually dismissed concerns over the city-state's liquidity and claims it overreached during the good times.
When asked about the debt, he confidently assured reporters in a rare meeting two months ago that "we are all right" and "we are not worried," leaving details of a recovery plan -- if such a plan exists -- to everyone's guess.
Then, earlier this month, he told Dubai's critics to "shut up."
"He needs to produce a recovery plan that will be respected by those who want to do business with Dubai," said Simon Henderson, a Gulf and energy specialist at the Washington Institute for Near East Policy. "If he does not do it right, Dubai will be a sad place."
After months of denial that the economic downturn even touched the glitzy city-state, the Dubai government earlier this year showed signs of trying to deal with the financial fallout that has halted dozens of projects and touched off an exodus of expatriate workers.
In February, it raised $10 billion in a hastily arranged bond sale to the United Arab Emirates central bank, which is based in Abu Dhabi.
The deal -- seen by many as Abu Dhabi's bailout of Dubai -- was part of a $20 billion bond program to help Dubai meet its debt obligations.
On Wednesday, the Dubai Finance Department announced the emirate raised another $5 billion by selling bonds -- all taken by two banks controlled by Abu Dhabi.
Abu Dhabi's ruling Al Nahyan family has been more conservative with its spending, investing oil profits into infrastructure, culture and state institutions. During Dubai's real estate bonanza, the Nahyans saw their flashy neighbor race ahead with development plans and tourism plans that had plenty of hype but few details on how they would be pulled off.
Some did materialize. The more than 2,600-foot (800-meter) Burj Dubai is scheduled to open in January as the world's tallest building. But many other projects, including a tower even taller than the Burj Dubai and satellite cities in the desert, are still just blueprints.
The standstill will likely not immediately affect CityCenter, an $8.5 billion casino complex opening next month in Las Vegas that is half-owned by Dubai World. A Dubai World subsidiary and casino operator MGM Mirage agreed with banks in April to fully fund and finish the six-tower, 67-acre development of plush resorts, condominiums, a retail mall and one casino on the Las Vegas Strip.
However, the standstill's effect may be felt on the famous Keeneland thoroughbred horse auctions near Lexington, Ky., where Sheik Mohammed is a prominent bidder.
Last week, Sheik Mohammed demoted several prominent members of Dubai's corporate elite and replaced them with members of the ruling family, including his two sons, one of whom is Mohammed's designated heir.
Businessmen who fell out of favor were closely associated with Dubai's phenomenal success. They include the head of Dubai World, Sultan Ahmed bin Sulayem, and Mohammed Alabbar, the chief of Emaar Properties, developer of the Burj Dubai and hundreds of other projects.
"He is trying to shake things up," said Christopher Davidson, a lecturer on the Gulf at Britain's Durham University and an author of two books on the UAE.
However, Davidson added, Mohammed's decision to replace those who helped put Dubai on the world map with his relatives might be "read as an increase in autocracy which does not look good internationally."
Not everyone is upset at Dubai Inc.'s transformation into a family business, analysts say.
Mohammed's latest moves may have pleased Abu Dhabi more than the foreign investors, but it is Abu Dhabi that still has the strongest incentives to save Dubai from its financial misery.
"By shifting the power base back to the family things are as they should be as far as Abu Dhabi is concerned," said Mohammed Shakeel, a Dubai-based analyst for the Economist Intelligence Unit.
After an expensive adventure in doing things the Western way, it's "going back to basics" for Dubai, Shakeel added.
Associated Press writer Oskar Garcia in Las Vegas contributed to this report.

My 24Bot, Sold, hit TP, then an hour later the Original Bought hit TP, , its all good.

Business Times (Singapore) has a large article on the alarming state of the YEN.

Steve the latest Versions of the 24hour BOT seem to be doing quite well dont you think? Also are we moving to trading just 2 pair on both bots?

Tks.

I just had my first basket open and close on demo within 5 minutes for 2.5% increase in account. The operation of the EA is just magic! Thanks Steve and Scoobs for such an exciting experience. The power of progamming combined with the power of trading experience. Thanks a lot.

Hi ikdenk - which EA do you use ?

Which of the two EA's opened a basket for you ? original or "24H" ?

The original. Buy basket opened at 7.25 GMT, closed at 7.30 GMT (manually closed - with the magnificent 'drag the label'). UJ only negative, all 4 others positive.

Well, I have been born and raised in a democratic country... so I follow the majority
So here the dashboard as requested with the logic as explained to me stupid coder a couple of times
Unfiltered... so the arrows are not taking care of SMA's as you have them on the dashboard as well and you can take your own decision.

Still fighting with the alarm to sound just once... added a sound.
So the best is to set it to true and then... when it goes off you better set it to false before getting mad

Added a version number...
Should be all good now... tell me if not!

Have fun...

Now i got confused mate..I like your dashboard..
Is the jpy strength 10 20 for a buy or is it inverted now?
sorry if i ask a stupid question..

In time for market opening after the weekend, I am going to add code to ensure the Original only takes 1 pre-open/close trade and conforms to the lower tf rs value moving out of the overbought/sold area before taking the trades.

I will try to get the hedging stuff finished, but this is not a priority given the method the Original robot trades.

Re hedging, here is a knotty little problem I can't get my head around, so I would appreciate some help. watube would be grateful as well, as it addresses a problem he has with the KG robot.

Most criminals have lot steps of 0.01, 0.1 or 1. Finding the hedge trade size of 5% of the original is easy; I can simply force the result of the calculation to have the number of decimal points conform to the number of decimal points indicated by the lot step.

watube is with a criminal that has a lot step of 0.05, so a lot size calculated at, say, 2.17 conforms to the 2 decimal quote size but not to the lot step size.

Anybody know an easy way in mql4 of rounding the 2.17 so it conforms to the irritating lot step demanded by this particular criminal? Merely saying, "Get a different criminal, you prune" is my immediate reaction, but seems a tad unhelpful.