scooby-doo BOJ JPY pairs trading robot | Page 195 | Forex Factory

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scooby-doo BOJ JPY pairs trading robot

  • #3,881
  • Dec 7, 2009 9:36pm Dec 7, 2009 9:36pm
Quoting deathbait
That's why we buy the pair when yen is overbought and short the pair when it's oversold.

Hope that helps
Yes, this clarifies this part of my questions. I was confused by the wording "if they are oversold", i thought "they" would refer to the x/JPY-pairs, not the Yen itself. I didn't even use the indicator yet, I first wanted to understand what this BoJ intervention thing is all about and already stumbled on the first sentence of the explanation.

This only leaves the other part of my question open: why one direction only on Tokyo open, the other only on Tokyo close. I had a look into the BOJ Policy PDF but it contains such an overwhelming amount of information, I don't even know where I should start reading (I know, i should start at the top and read it to the end, several times until I have fully understood everything about bank interventions and especially about the BoJ, but I was hoping somebody could explain the part answering only this question in one or two sentences)
  • #3,882
  • Dec 7, 2009 9:49pm Dec 7, 2009 9:49pm
Quoting 7bit
Yes, this clarifies this part of my questions. I was confused by the wording "if they are oversold", i thought "they" would refer to the x/JPY-pairs, not the Yen itself. I didn't even use the indicator yet, I first wanted to understand what this BoJ intervention thing is all about and already stumbled on the first sentence of the explanation.

This only leaves the other part of my question open: why one direction only on Tokyo open, the other only on Tokyo close. I had a look into the BOJ Policy PDF but it contains...
I am not to good with this thing, but I think the general idea is that the BOJ want to keep the YEN inside a certain trading range, thus they attempt to influence the price as such. Motive: japan's 0% interest rate.

that's the guts of it, i think.
  • #3,883
  • Dec 8, 2009 12:18am Dec 8, 2009 12:18am
Just had a snappy trade on 1.5, all of 6 mins

One question though, it shows up as a Basket 24H trade in the trade history comment section, though it has gone through as a 1.5 trade in the expert tab.

How do I amend that?
  • #3,884
  • Dec 8, 2009 12:41am Dec 8, 2009 12:41am
[/quote}This only leaves the other part of my question open: why one direction only on Tokyo open, the other only on Tokyo close. I had a look into the BOJ Policy PDF but it contains such an overwhelming amount of information, I don't even know where I should start reading (I know, i should start at the top and read it to the end, several times until I have fully understood everything about bank interventions and especially about the BoJ, but I was hoping somebody could explain the part answering only this question in one or two sentences)[/quote]

See my post #3569.
  • #3,885
  • Dec 8, 2009 1:56am Dec 8, 2009 1:56am
Quoting ikdenk
[/quote}This only leaves the other part of my question open: why one direction only on Tokyo open, the other only on Tokyo close. I had a look into the BOJ Policy PDF but it contains such an overwhelming amount of information, I don't even know where I should start reading (I know, i should start at the top and read it to the end, several times until I have fully understood everything about bank interventions and especially about the BoJ, but I was hoping somebody could explain the part answering only this question in one or two sentences)...
See my post #3569.[/quote]
Yep, one of the most informative posts in the thread.
http://www.forexfactory.com/showpost...postcount=3569
cheers scalz
Target 2 : Stoploss in the green
  • #3,886
  • Dec 8, 2009 2:06am Dec 8, 2009 2:06am
Agreed!!
GREED IS THE ULTIMATE INDICATOR
  • #3,887
  • Dec 8, 2009 2:09am Dec 8, 2009 2:09am
Original 1.5 bought at 08:04 GMT, TP 3 minutes later.
  • #3,888
  • Dec 8, 2009 2:31am Dec 8, 2009 2:31am
that's what BoJ says right now
  • #3,889
  • Dec 8, 2009 2:58am Dec 8, 2009 2:58am
Quoting 7bit
Now i have probably some dumb questions, I hope somebody can clarify this for me. I don't understand the logic of the following rule from posting #1 of this thread:

"One thing people should realise with the XXXJPY pairs...

One well known trading method with JPY currencies is that the BOJ intervene on a daily basis with them. So, if they are oversold prior to Tokyo open, then SELL them all. Likewise if they are overbought prior to Tokyo close, then BUY them all."

I have two questions:...
Yeah, it makes no sence at all, it was just posted for abit of fun nothing else.
  • #3,890
  • Dec 8, 2009 3:03am Dec 8, 2009 3:03am
Quoting ikdenk
[/quote}This only leaves the other part of my question open: why one direction only on Tokyo open, the other only on Tokyo close. I had a look into the BOJ Policy PDF but it contains such an overwhelming amount of information, I don't even know where I should start reading (I know, i should start at the top and read it to the end, several times until I have fully understood everything about bank interventions and especially about the BoJ, but I was hoping somebody could explain the part answering only this question in one or two sentences)...
See my post #3569.[/quote]
I have copied it to post 1 as it helps clarify what is going on.

Cheers

  • #3,891
  • Dec 8, 2009 4:26am Dec 8, 2009 4:26am
Scooby, when comes Your first loosing day on your EA? You avarage 1,6%/day!
Elovv
  • #3,892
  • Dec 8, 2009 4:31am Dec 8, 2009 4:31am
Quoting Elovv
Scooby, when comes Your first loosing day on your EA? You avarage 1,6%/day!
Elovv
I think the account has already blown due to market consolidations during Asian session Sunday/Monday.
  • #3,893
  • Dec 8, 2009 5:41am Dec 8, 2009 5:41am
Quoting scooby-doo
I think the account has already blown due to market consolidations during Asian session Sunday/Monday.
It didn't, here is statement for this week. Timezone is GMT+1. Did something go wrong?
Attached Image (click to enlarge)
Click to Enlarge Name: statement.png Size: 33 KB
  • #3,894
  • Dec 8, 2009 6:02am Dec 8, 2009 6:02am
I had come to the conclusion that the hedging routine was as useful as a chocolate fire guard. I was in the process of re-writing the function to take a straight 50% hedge of any loosing trade when hedging is triggered, when I noticed I had not removed the code that tells the bot not to send a hedge if there is already one in place.

This is why the bot only sent one hedge per pair during the consolidation. I am still unconvinced that a 5% hedge taken every 15 minutes will do the job, but let's give it a whirl and see. This is easy enough to alter if it turns out not to be useful.

Latest versions of both bots are in post 1. I have also tidied up some of the comments/gv names etc that slipped through incorrectly because I was copy/pasting and in a bad mood.

  • #3,895
  • Dec 8, 2009 6:41am Dec 8, 2009 6:41am
Cool Steve.

I love putting new versions on, will try it tonight.
  • #3,896
  • Dec 8, 2009 11:18am Dec 8, 2009 11:18am
It just occurred to me to add a bit more code to take sure the bot doesn't get caught in an endless look if a trade-send fails for something like an inappropriate lot size.

The robot should now give up after 30 failed attempts.

  • #3,897
  • Dec 8, 2009 4:09pm Dec 8, 2009 4:09pm
Any last minute comment for tonight? What about the news, are they dangerous?
  • #3,898
  • Dec 8, 2009 4:36pm Dec 8, 2009 4:36pm
ATC demo just took sell basket.
  • #3,899
  • Dec 8, 2009 4:40pm Dec 8, 2009 4:40pm
Took a sell basket, sell on GBPJPY, the 30 times a requote error for EURJPY, then sell EURJPY...

Wave 3... let's see
"The only successful substitute for brains is silence."
  • #3,900
  • Dec 8, 2009 4:41pm Dec 8, 2009 4:41pm
Hit TP in 5 minutes. Wow.
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