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scooby-doo BOJ JPY pairs trading robot

  • #4,141
  • Dec 21, 2009 12:40pm Dec 21, 2009 12:40pm
Quoting bluestrader
I have not a live account, but I think you can find many brokers who allow the martingale system, but my sistem is not a classic martingale system, there is very very very low risk, because when the price is between TP=SL like you can see in the file pdf and when the price is in treding or in trending range you have 98% of probability that price reach the TP after max 4 orders and you have profits.
I am not in the mood to flog through loads of mathematical stuff.

A brief glance suggests this is a system that relies on increasingly large lot sizes.

Do yourself a favour and forget it immediately. These systems kill retail forex systems eventually. Usually sooner rather than later.

I am not going to get involved with this.

  • #4,142
  • Dec 21, 2009 12:42pm Dec 21, 2009 12:42pm
Quoting maxou888
I have tested and modified dozens of martinguale systems (arithmetic, geometric progressions etc...) and the result is always the same : they can works well during a long time (sometimes many years) but one day blow up the account on a trend. No surprise, it's mathematical and there is no way to avoid, even with huge equity (or start with 0.01 lot on a 10 million account but the return will be so ridiculous that it's not worth)
However I have a grid system that find very good entry trades but do not avoid to be blowed with a stormed trend. I tried...
I will try in the new year. Send me an email early in January.

  • #4,143
  • Dec 21, 2009 1:42pm Dec 21, 2009 1:42pm
Quoting SteveHopwood
I will try in the new year. Send me an email early in January.

Thanks Steve. From the last post I found your MPTM that contains a hedge system and will try to implement it. If I fail I will request you some help
Thanks a lot
  • #4,144
  • Dec 21, 2009 2:11pm Dec 21, 2009 2:11pm
Quoting bluestrader
I have not a live account, but I think you can find many brokers who allow the martingale system, but my sistem is not a classic martingale system, there is very very very low risk, because when the price is between TP=SL like you can see in the file pdf and when the price is in treding or in trending range you have 98% of probability that price reach the TP after max 4 orders and you have profits.
I have met many muppets in my life but you get a gold star.
  • #4,145
  • Dec 21, 2009 2:30pm Dec 21, 2009 2:30pm
Quoting scooby-doo
I have met many muppets in my life but you get a gold star.

  • #4,146
  • Dec 21, 2009 3:10pm Dec 21, 2009 3:10pm
Quoting scooby-doo
I have met many muppets in my life but you get a gold star.
  • #4,147
  • Dec 21, 2009 3:27pm Dec 21, 2009 3:27pm
Quoting scooby-doo
I have met many muppets in my life but you get a gold star.
  • #4,148
  • Dec 21, 2009 7:49pm Dec 21, 2009 7:49pm
I can't figure out why the basket long trade basket is still open? According to Long basket tp = 30 the basket should of been closed by the ea by now since the long basket is greater than 30.00?
Thanks
Vince!
Attached Image (click to enlarge)
Click to Enlarge Name: hedge.gif Size: 51 KB
  • #4,149
  • Dec 21, 2009 7:59pm Dec 21, 2009 7:59pm
Quoting SteveHopwood
I am not in the mood to flog through loads of mathematical stuff.

A brief glance suggests this is a system that relies on increasingly large lot sizes.

Do yourself a favour and forget it immediately. These systems kill retail forex systems eventually. Usually sooner rather than later.

I am not going to get involved with this.

shouldn't really diss an idea until you've found the time to at least understand the concept of it lol.

in this case, it didn't take more than a min of reading to realise it's a simple stop and reverse strategy that looks like martingale, but it's not.

whilst martingale relies on the assumption of infinite capital, this strategy relies on the assumption price cannot whipsaw forever, and must trend eventually. In truth, you're only really in the market for 1 base unit at any one time.

In fact, if you reading the idea again might give you some insight into your opposite robot, from what i've been able to gather about it. It's actually a little similar.
  • #4,150
  • Dec 21, 2009 11:39pm Dec 21, 2009 11:39pm
Hi,

I have spent the last 5 months reading the forums and studying the works of what i see as that masters.

At this time i would like to thank SMJones, LateComer, T101, steve Hopwood, Scooby-Doo, orest, Ronald Raygun, kang gun, ea programer and swing man, just to name a few. I appriciate your input as i have learned much from each of you.

Again, my deepest appriciation and best wishes to each of you,

Jim
  • #4,151
  • Dec 21, 2009 11:47pm Dec 21, 2009 11:47pm
Quoting letizia
I can't figure out why the basket long trade basket is still open? According to Long basket tp = 30 the basket should of been closed by the ea by now since the long basket is greater than 30.00?
Thanks
Vince!
Attachment
Hi Steve,
In your algorithm, under the function: void CheckBasketTpSlTarget(), after the 'if (AllowHedging)', you might want to consider moving the 4 "return;" statements to the end of the function.
Of course you also need slight modifications to make this whole thing work properly.
  • #4,152
  • Dec 22, 2009 4:39am Dec 22, 2009 4:39am
Quoting Kling
Hi Steve,
In your algorithm, under the function: void CheckBasketTpSlTarget(), after the 'if (AllowHedging)', you might want to consider moving the 4 "return;" statements to the end of the function.
Cheers Kling. Coders have already made the change. The rest of you need the fixed version in post 1.

  • #4,153
  • Dec 23, 2009 4:28am Dec 23, 2009 4:28am
Scoobs EA average nearly 5% the last five days! Is there more difference than it works with 3 different times? I´t seems to works likely fantastic as his other work.
  • #4,154
  • Dec 23, 2009 7:20am Dec 23, 2009 7:20am
Quoting Elovv
Scoobs EA average nearly 5% the last five days! Is there more difference than it works with 3 different times? I´t seems to works likely fantastic as his other work.
I have been running the 24hr with 1hr/4hr settings- It only opens a basket trades about once every 36hrs- a so far all the baskets have been winners (including a basket that closed while I am typing)...

Only GY and EY in my basket...
  • #4,155
  • Dec 23, 2009 11:22am Dec 23, 2009 11:22am
Quoting Jefftrader
I have been running the 24hr with 1hr/4hr settings- It only opens a basket trades about once every 36hrs- a so far all the baskets have been winners (including a basket that closed while I am typing)...

Only GY and EY in my basket...
Jeff, please post your set. Thanks.
  • #4,156
  • Dec 23, 2009 12:27pm Dec 23, 2009 12:27pm
Hope you all have a very merry Christmas and happy New Year.

Scoobs.
  • #4,157
  • Dec 23, 2009 12:35pm Dec 23, 2009 12:35pm
Quoting scooby-doo
Hope you all have a very merry Christmas and happy New Year.

Scoobs.
You too, Scoobs. We would not be here without you.

  • #4,158
  • Dec 23, 2009 3:04pm Dec 23, 2009 3:04pm
Happy Holidays to all and may the new year bring everyone many pips!

Vince
  • #4,159
  • Dec 23, 2009 5:47pm Dec 23, 2009 5:47pm
Steve,

I hope you, scooby and other contributors have a merry xmas and hope new year is full of joy, happiness and best of health for you guys and your loved ones.

Relax, chill out and enjoy life.

kind regards
astral77
  • #4,160
  • Dec 23, 2009 9:50pm Dec 23, 2009 9:50pm
Quoting fxshadow
Jeff, please post your set. Thanks.
I don't have a set- this is all I'm using (the changes are in it)

FWIW my BOJ took a basket trade tonight (first time in over a week) Closed a winner...

So far no loosing baskets with either..(running BOJ for over a month).
Attached File(s)
File Type: mq4 zz 1hr_4hr scooby-doo BOJ basket trading robot 24H V3.4.mq4   54 KB | 374 downloads
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