scooby-doo BOJ JPY pairs trading robot | Page 209 | Forex Factory

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scooby-doo BOJ JPY pairs trading robot

  • #4,161
  • Dec 23, 2009 11:38pm Dec 23, 2009 11:38pm
Quoting Jefftrader
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).
Thanks Jeff. Looks like you are using the settings that Scoob posted for his EA.
  • #4,162
  • Dec 24, 2009 3:16am Dec 24, 2009 3:16am
I stopped my EA from trading for the festive period.

Good luck all.

Scoobs.
Attached File(s)
File Type: zip DetailedStatement.zip   13 KB | 370 downloads
  • #4,163
  • Dec 24, 2009 3:27am Dec 24, 2009 3:27am
how about the performance...
happy holidays
  • #4,164
  • Dec 24, 2009 8:50am Dec 24, 2009 8:50am
First of all, Merry Christmas to all here!

@ Scoobs:

I downloaded your EA for the brief time you had it on this thread - Yen Trading @ Forex Factory. It is doing very well, but it is making about $10 per basket on a $5k demo. So what this makes me think is that it is going to need a setting for the user to toggle either "standard account" or "mini account". (I know you want to keep the user settings to the absolute minimum, but in order to get the returns you are showing on your demo, I think this is one of the things the user will have to set - unless there is some way for the EA to figure this out for itself. Sorry, but most of us retailers have mini or even micro accounts.

Anyway, just a quick thought for you. I appreciate all the input and effort from you, Steve and the other contributors to this very interesting EA project.

Cheers!

Invisible
  • #4,165
  • Dec 24, 2009 9:48am Dec 24, 2009 9:48am
Quoting Invisible
First of all, Merry Christmas to all here!

@ Scoobs:

I downloaded your EA for the brief time you had it on this thread - Yen Trading @ Forex Factory. It is doing very well, but it is making about $10 per basket on a $5k demo. So what this makes me think is that it is going to need a setting for the user to toggle either "standard account" or "mini account". (I know you want to keep the user settings to the absolute minimum, but in order to get the returns...
The EA you refer too is not the one I have attached to my signature. The current one has optimised lot calulation based on AccountBalance and dynamic TP, OB and OS based on 3 different TF's.

I have also built in safety checks for potential CB and non BOJ interventions.

Scoobs.
  • #4,166
  • Dec 24, 2009 10:06am Dec 24, 2009 10:06am
MERRY CHRISTMAS ALL.
  • #4,167
  • Dec 24, 2009 2:06pm Dec 24, 2009 2:06pm
Quote
The EA you refer too is not the one I have attached to my signature. The current one has optimised lot calulation based on AccountBalance and dynamic TP, OB and OS based on 3 different TF's.

I have also built in safety checks for potential CB and non BOJ interventions.

Wow!

Very much looking forward to the end of January and being able to play with this little piece of kit!

Cheers

Invisible
  • #4,168
  • Dec 24, 2009 4:03pm Dec 24, 2009 4:03pm
Hi Steve,

This is my first post on this forum... I stumbled upon this thread searching for new trading systems.

I spent the last two days reading and skimming all the posts in this thread to make sure not to miss anything.

I like the system very much. And I'm going to demo test the original EA to see how it works.

In order to be able to get some idea I started to backtest the version 2 EA trading only the GBP/JPY pair. I noticed that the EA still places sell trades at the end of the Tokyo trading session. It seems to only do this when it wasn't able to place a trade in the hours before the session starts.

Buy trades are only placed at the end of the session as it is supposed to do.

Maybe you could take a look at this yourself.

Thanks for a great idea Scooby-doo and thanks for the EA's Steve!
  • #4,169
  • Dec 27, 2009 9:17pm Dec 27, 2009 9:17pm
Hello All,

I hope everyone is enjoying their Holidays, whichever you celebrate.

I am receiving an error on the chart of the 24 HR and the original bot as follows:

"The robot has been suspended. Reason: you need to enter the date of the next JPY public holiday."

After entering the date for the next holiday (2010.01.01 14:00), the EA appears to reset, but the error returns. I found that I had to restart the MT4 platform for the updated holiday to "take." Don't know if this is normal or not.

JR
  • #4,170
  • Dec 28, 2009 3:56am Dec 28, 2009 3:56am
Quoting octomanoak
Hello All,

I hope everyone is enjoying their Holidays, whichever you celebrate.

I am receiving an error on the chart of the 24 HR and the original bot as follows:

"The robot has been suspended. Reason: you need to enter the date of the next JPY public holiday."

After entering the date for the next holiday (2010.01.01 14:00), the EA appears to reset, but the error returns. I found that I had to restart the MT4 platform for the updated holiday to "take." Don't know if this is normal or not.

JR
It happened to me as well on Original V2 and 24Hr V3.6 Also, although stated in the input field the format of date to enter, error occur after following format. However, if change to format on default, seems ok. Wonder what went wrong.

Have read the whole thread since Christmas eve. Have come to the following understanding:

Although there is BOJ Basket EA V3.6 along the way and on the first post is Original V2, i take it to use Original V2 on the first post as i am a non-coder. I assume V3.6 is for coders. Please advise me if i got the correct understanding.

You know what? Will be reading the thread from post 1 again! I really enjoy along the way.

Thanks very much Scooby-doo for sharing your known precious proven money printing strategy not known to the majority people out there. Consider myself very lucky. If it only makes me 1% per day, 20% per month, i'll be making a non-compounding return of 240% per year! I think i can replace almost all money or fund manager in the country up north of Singapore! LOL!

Steve, thanks very much for your kindness and self-less effort in initiating this thread and for your robot to develop into what it is now.

And everybody who make this thread so informative and most of all, very useful in the real world!

福 子 Victor V
  • #4,171
  • Dec 28, 2009 8:45am Dec 28, 2009 8:45am
hi

this is my first post in this forums. i've been more or less reader rather than contributer.

i would like to thank you for this strategy. this is a very interesting method.

do you think if we play with the time frame, we would be able to set it for the XXXCHF pairs or any other bascket pairs as well?

cheers
{Promotion Removed}
  • #4,172
  • Dec 28, 2009 9:55am Dec 28, 2009 9:55am
Quoting scooby-doo
I stopped my EA from trading for the festive period.

Good luck all.

Scoobs.
Very nice. Most trades were relatively quick to hit TP. However, two trades had drawdown of approx. 29% and 12%. Chances are good that backtesting would reveal even higher DD and possibly a margin call.

Is your strategy to simply sit through these drawdowns, hoping the trade will eventually come back?

Is there a plan to hedge the original basket until drawdown is significantly reduced?

Is there a plan to utilize a "basket SL"? If so, the poor R:R is going to be difficult to overcome, isn't it?
  • #4,173
  • Dec 28, 2009 10:08am Dec 28, 2009 10:08am
Quoting zznbrm
Very nice. Most trades were relatively quick to hit TP. However, two trades had drawdown of approx. 29% and 12%. Chances are good that backtesting would reveal even higher DD and possibly a margin call.

Is your strategy to simply sit through these drawdowns, hoping the trade will eventually come back?

Is there a plan to hedge the original basket until drawdown is significantly reduced?

Is there a plan to utilize a "basket SL"? If so, the poor R:R is going to be difficult to overcome, isn't it?
The two trades you refer to are USDJPY which I have updated the EA to handle.

Also, a margin call would come at around the 80% mark, so it was never really in any danger as it was a tempoary devaluing of the Yen by central banks, again I have built in safety checks around this.

Dont forget that this strategy was adapted from a commercial one whereby margin calls/spreads/etc are not an issue compared to retail accounts.

Scoobs.
  • #4,174
  • Dec 28, 2009 10:26am Dec 28, 2009 10:26am
Quoting scooby-doo
The two trades you refer to are USDJPY which I have updated the EA to handle.

Also, a margin call would come at around the 80% mark, so it was never really in any danger as it was a tempoary devaluing of the Yen by central banks, again I have built in safety checks around this.

Dont forget that this strategy was adapted from a commercial one whereby margin calls/spreads/etc are not an issue compared to retail accounts.

Scoobs.
Yeah, USDJPY tends to cause trouble with JPY baskets.
  • #4,175
  • Dec 28, 2009 10:32am Dec 28, 2009 10:32am
Quoting zznbrm
Yeah, USDJPY tends to cause trouble with JPY baskets.
Thats because the FED doesnt know its arse from its elbow and have no idea what level the USD should be at.

Scoobs.
  • #4,176
  • Dec 30, 2009 12:44am Dec 30, 2009 12:44am
i'm not sure if it's just my settings, but ever since i updated to v2, the bot hasn't made a single trade. Does anyone else share my experience?
  • #4,177
  • Dec 30, 2009 4:53am Dec 30, 2009 4:53am
Quoting deathbait
i'm not sure if it's just my settings, but ever since i updated to v2, the bot hasn't made a single trade. Does anyone else share my experience?
I downloaded V2 on 28/12 and until now three (3) basket trades were triggered. All closed with default profit target. So, 100% accuracy!

What a wonderful contribution by Scooby, Steve, smjones, zznbrm, matrixebiz, challenger88, fxjedi and DxTrade.

DxTrade, your dashboard indi is awesome.

Question:

What to do if your indi says buy and EA went into sell trades?
福 子 Victor V
  • #4,178
  • Dec 30, 2009 8:57am Dec 30, 2009 8:57am
@ Scooby

Your 3TF EA is very interesting to me. Can you make it so that it works with ECN brokers as well? (SL and TP have to be placed after original order.)

Cheers mate!
  • #4,179
  • Dec 30, 2009 9:08am Dec 30, 2009 9:08am
I felt like a bit of gentle coding, so there are updated Original and OP versions in post 1.

  • #4,180
  • Dec 30, 2009 10:06am Dec 30, 2009 10:06am
BIG retrace coming on GBPJPY.

Scoobs.
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