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scooby-doo BOJ JPY pairs trading robot

  • #4,221
  • Jan 3, 2010 9:09pm Jan 3, 2010 9:09pm
Quoting scooby-doo
Please find attached a strategy that is used by many commercial trading floors.

I suggest you attach to EURUSD and USDCHF daily charts.

Enjoy for 2010.


I just had a look at the statement and noticed that there are several clusters of losing trades, usually when the EA opens more than one trade on the same day. Limiting it to one trade per day would have probably even surpassed the 150%/year it showed on the backtesting. Just a comment if someone is thinking about forward testing it.
  • #4,222
  • Jan 4, 2010 3:36am Jan 4, 2010 3:36am
Quoting SteveHopwood
Scoobs, here is hoping your flight was OK. Given that you were leaving in the depths of the worst winter for 30 years, here is hoping it went.

Here is hoping you are sipping something cool on a nice warm evening veranda and feeling slightly triumphant. It is bloody freezing here.
Man it is sooooooooooo warm over here.

Steve, you go any spare ice ?
  • #4,223
  • Jan 4, 2010 3:36am Jan 4, 2010 3:36am
Quoting Middleastern
I just had a look at the statement and noticed that there are several clusters of losing trades, usually when the EA opens more than one trade on the same day. Limiting it to one trade per day would have probably even surpassed the 150%/year it showed on the backtesting. Just a comment if someone is thinking about forward testing it.
Yes, it should only place one trade per day.
  • #4,224
  • Jan 4, 2010 3:55am Jan 4, 2010 3:55am
Quoting scooby-doo
Yes, it should only place one trade per day.
Just did a demo forward testing this morning:

2010.01.04 01:02 Buy usdchf 1.03728 SL 1.03678 @ 2010.01.04 01:08
2010.01.04 10:38 Sell usdchf 1.03389 SL 1.03439 @ 2010.01.04 10:39
2010.01.04 09:53 Buy eurusd 1.43370 SL 1.43320 @ 2010.01.04 09:59

Wonder what went wrong....
福 子 Victor V
  • #4,225
  • Jan 4, 2010 10:04am Jan 4, 2010 10:04am
IMHO the risk MM is a bit high (at least calculated on my 4 digit broker)

1.93 lots on 7K in available margin (USDCHF).

double Risk=NormalizeDouble((FreeDepo*PercentOfFreeDepo/100),Digits2Round);

I changed mine to:

double Risk=NormalizeDouble((FreeDepo*PercentOfFreeDepo/250),Digits2Round);


But perhaps using:

double Risk=NormalizeDouble((FreeDepo*PercentOfFreeDepo/2500),Digits2Round);

May be better??

P.S. My risk was set at 1
  • #4,226
  • Jan 4, 2010 10:43am Jan 4, 2010 10:43am
Quoting Jefftrader
IMHO the risk MM is a bit high (at least calculated on my 4 digit broker)

1.93 lots on 7K in available margin (USDCHF).

double Risk=NormalizeDouble((FreeDepo*PercentOfFreeDepo/100),Digits2Round);

I changed mine to:

double Risk=NormalizeDouble((FreeDepo*PercentOfFreeDepo/250),Digits2Round);


But perhaps using:

double Risk=NormalizeDouble((FreeDepo*PercentOfFreeDepo/2500),Digits2Round);

May be better??

P.S. My risk was set at 1
It was written for 5 digit brokers
  • #4,227
  • Jan 4, 2010 1:45pm Jan 4, 2010 1:45pm
@ Scoobs

Re your 3TF JPY basket EA: Have you restarted it for the new year or are you waiting for the markets to wake up a bit more first? The last trades on your MyFXBook account are from 23 Dec.
  • #4,228
  • Jan 4, 2010 1:47pm Jan 4, 2010 1:47pm
I'm just now getting started on reading this whole thread, but I thought I'd stop by to see the latest before I went back to day 1.

ScoobyDoo and Steve, I can't thank you enough for your contributions here. Its great stuff!!

I've put up a demo of the original EA back on 11/29/09 and the 24 hour EA back in mid December. The Original EA did great until last week. I probably should not have run it over the Holidays, but I was curious to see what would happen. 2 big losses, but still above water.

The 24 hour EA never opened a trade. Don't know why. Everything seems fine with no error.

Just put up ScoobyDoo's new contribution of the AI trading robot. Using IBFX mini account, lot size at 0.01. Not sure what digits2round means, but other than changing the lots setting, I've left everything at default for now. I am getting a comment on the chart "Cannot set OP_SellStop." Is this because I need to run on an ECN-type broker?

I hope to be of some value to this thread once I get up to speed after reading the whole thing.

Happy new year to everyone.

JR
  • #4,229
  • Jan 4, 2010 2:22pm Jan 4, 2010 2:22pm
Hi Steve i'm a newbie even if are actually 3 months since i started reading and learning, and learning and reading again! i'm really interested in you robots particularly in this last one (AI) 'cuz of its simplicity and profitability (overnight it works, during the day i trade the slope and some breakouts...).. as i'm experimenting a bit of stops's hunting by my criminal (alpari uk) could u please code hidden SL and TP for this ea?i found some codes all around about stealth orders but since i'm not a programmer (metastock was my jesus......but now, after the convertion to forex, it's quite useless) i'm not really able to implement it with your EA.
thanks in advance!

ps. sorry for my english... be patient...
  • #4,230
  • Jan 4, 2010 4:37pm Jan 4, 2010 4:37pm
Quoting The flame
Hi Steve i'm a newbie even if are actually 3 months since i started reading and learning, and learning and reading again! i'm really interested in you robots particularly in this last one (AI) 'cuz of its simplicity and profitability (overnight it works, during the day i trade the slope and some breakouts...).. as i'm experimenting a bit of stops's hunting by my criminal (alpari uk) could u please code hidden SL and TP for this ea?i found some codes all around about stealth orders but since i'm not a programmer (metastock was my jesus......but now,...
To be brutally honest, and with all due respect to Scoobs, I can see no reason for this robot to be successful. It trades a simple daily breakout system. These are great during trending times, rubbish during ranging times.

The EA has been stunning in Strategy Tester, but I have learned to be deeply suspicious of results from this source. If AI looks promising after a few weeks forward testing, I will add all sorts of stuff to it. I will add code to limit it to one trade a day - one of the basic requirements for a breakout system that is missing from the robot. For now, let's just see how it performs.

  • #4,231
  • Jan 4, 2010 4:39pm Jan 4, 2010 4:39pm
another new Thread????
Yikes !!
  • #4,232
  • Jan 5, 2010 5:00am Jan 5, 2010 5:00am

Steve,

I have been running the 24hr version on 1hr 4hr for a few weeks (maybe three or four at this point)

Yesterday and today I experienced my first losses with it. (wiping out all gains and netting losses.

In both cases an initial basket was opened- and closed in profits in less than 30 min . Then yesterday a minute later (and today 11 minutes later)new baskets were opened that were a bit late to the party...

I thought (maybe wrongly) that there was a timer to prevent subsequent baskets from opening immediately?

If not- maybe 30 min or so would be sufficient?

It's still only demo at this point- so no worries...

  • #4,233
  • Jan 5, 2010 7:51am Jan 5, 2010 7:51am
Hi Steve,

I'm up about 500 pips on the OP bot. It is really doing well. Any way that I can take that profit without it folding up its tent and going home?

A kill switch might be a good idea since it got really upset with me and my laptop when I tried it once before...........whip
  • #4,234
  • Jan 5, 2010 8:54am Jan 5, 2010 8:54am
Quoting hiredwhip
Hi Steve,

I'm up about 500 pips on the OP bot. It is really doing well. Any way that I can take that profit without it folding up its tent and going home?

A kill switch might be a good idea since it got really upset with me and my laptop when I tried it once before...........whip
Which Original Version are you using?

I use Original V2.1 and Basket V3. Both no trades for today.
福 子 Victor V
  • #4,235
  • Jan 5, 2010 9:10am Jan 5, 2010 9:10am
I'm using the new version in everything I'm running. I've updated everything!.............whip
  • #4,236
  • Jan 5, 2010 11:00am Jan 5, 2010 11:00am
Quoting Jefftrader

In both cases an initial basket was opened- and closed in profits in less than 30 min . Then yesterday a minute later (and today 11 minutes later)new baskets were opened that were a bit late to the party...


This could be the law of unintended consequences kicking in. It could be that some of the code that deals with failed trade attempts causes the overbought/sold globals to be left in place. This would cause the bot to send a fresh basket as soon as the existing one closes because the trading conditions are correct as far as the bot is concerned.

V3.7 addresses this. I think. Sing out if it happens again.

  • #4,237
  • Jan 5, 2010 11:03am Jan 5, 2010 11:03am
Quoting hiredwhip
Hi Steve,

I'm up about 500 pips on the OP bot. It is really doing well. Any way that I can take that profit without it folding up its tent and going home?

A kill switch might be a good idea since it got really upset with me and my laptop when I tried it once before...........whip
The latest version is much more selective about the trades it takes, so you should get lots of opportunity to shut down after a successful basket.

I will add a kill switch that will allow you to stop the bot running when there are no open baskets.

  • #4,238
  • Jan 5, 2010 11:15am Jan 5, 2010 11:15am
Steve,

I first want to thank you and Scoobs for all the sharing and hard work. Its much appreciated.

I was trying out the AI program and I keep getting error messages on the D1 timeframe. It keeps saying error(130) repeatedly when viewing the experts tab. For the sake of examination...I found that the errors don't pop up on a 1 hr or less timeframe. Any ideas?

Thanks again for all your help.
  • #4,239
  • Jan 5, 2010 12:32pm Jan 5, 2010 12:32pm
Hi Steve

I just found the best way to shut down that OP bot......It just hit the emergency tp! 5 long hedges all over 220. What a thing of beauty!.........whip
  • #4,240
  • Jan 5, 2010 1:51pm Jan 5, 2010 1:51pm
Quoting hiredwhip
Hi Steve

I just found the best way to shut down that OP bot......It just hit the emergency tp! 5 long hedges all over 220. What a thing of beauty!.........whip
Steve will correct me if I'm wrong here (I usually am) but I would have thought that the OP Robot should have closed down those trades automatically as soon as the targeted profit was reached.


Oh and a belated Happy New Year to everyone and thanks to all concerned for your continued dedication, generosity and ingenious ideas!!
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