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scooby-doo BOJ JPY pairs trading robot

  • #4,321
  • Jan 8, 2010 11:41am Jan 8, 2010 11:41am
Quoting Naynay
Man, if I ever make a "holy Grail" bot, I'm calling it EpsilonMegaStar (tm)
  • #4,322
  • Jan 8, 2010 11:46am Jan 8, 2010 11:46am
Quoting octomanoak
I think it's great this SELL basket closed in profit, but at 7:06 gmt shouldn't the robot been looking only for BUY trades?

I have the setting for BuyHourStarts for my local PC equivalent of 6:00 gmt in accordance with Scooby's PDF, so from 6:30gmt to 8:30gmt the robot should be looking for BUY trades.

Or at the risk of seeming like have not done my homework, has something changed in the strategy that I missed?

JR
The clue is in post 1. Anybody got a wave icon?

  • #4,323
  • Jan 8, 2010 11:49am Jan 8, 2010 11:49am
Early days so this is not conclusive. The OP combination of: tightening up the trading box; including a correlation check; allowing the profit to run until the RS reading is much deeper into opposite territory started to work wonders once the bot awoke and started placing trades.

The account is up over 10% this week.

Looking good. We shall see.

  • #4,324
  • Jan 8, 2010 12:25pm Jan 8, 2010 12:25pm
Quoting SteveHopwood
Early days so this is not conclusive. The OP combination of: tightening up the trading box; including a correlation check; allowing the profit to run until the RS reading is much deeper into opposite territory started to work wonders once the bot awoke and started placing trades.

The account is up over 10% this week.

Looking good. We shall see.

My demo of OP is up 3.53% in 2 days. Yes, looks good so far! Thank you again for your incessant contributions.
  • #4,325
  • Jan 8, 2010 12:27pm Jan 8, 2010 12:27pm
Quoting SteveHopwood
The clue is in post 1. Anybody got a wave icon?

Thanks for pointing me to the explanation. I need to study it more closely to be sure I understand it. My initial read was that the robot excluded waves that would trigger a buy during sell time and vice-versa. Obviously I misunderstood. My bad
  • #4,326
  • Jan 8, 2010 12:57pm Jan 8, 2010 12:57pm
Quoting octomanoak
Thanks for pointing me to the explanation. I need to study it more closely to be sure I understand it. My initial read was that the robot excluded waves that would trigger a buy during sell time and vice-versa. Obviously I misunderstood. My bad
Not to worry. Post 1 contains a lot of information and I had not made it all that clear that the wave thingy applied to the Original bot. You will find you only need to think about it for a few seconds to understand it.

  • #4,327
  • Jan 8, 2010 12:59pm Jan 8, 2010 12:59pm
Quoting octomanoak
My demo of OP is up 3.53% in 2 days. Yes, looks good so far!
Another nice one to read. Excellent.

  • #4,328
  • Jan 9, 2010 3:50am Jan 9, 2010 3:50am
Just to weigh in for the New Year, thanks again to all, Steve and Scooby as the engineers of all this.

My Original is up 2.5% for the week. May the New Year bring us all pips.
  • #4,329
  • Jan 9, 2010 4:19am Jan 9, 2010 4:19am
Coming soon is an indicator free 4TF OB/OS EA solely for trading the GUPPY with a TP of 1.5% per trade. I have no idea as to how many trades there will be but I think it should be good for a weekly ROI of > 15%.

Allot of people (including traders) dont like trading this currency as it is the most trending/volatile pair and can cause a serious bowl movement if/when it moves against you. To me you are either a boy or a man and I have been trading it for years with great success. Yes I have used allot of nappies along the way but I always like watching it take off like a fighter jet from an aircraft carrier.

Scoobs.
  • #4,330
  • Jan 9, 2010 4:53am Jan 9, 2010 4:53am
Quoting scooby-doo
Coming soon is an indicator free 4TF OB/OS EA solely for trading the GUPPY with a TP of 1.5% per trade. I have no idea as to how many trades there will be but I think it should be good for a weekly ROI of > 15%.

Allot of people (including traders) dont like trading this currency as it is the most trending/volatile pair and can cause a serious bowl movement if/when it...
WOW!

Now i know my future is very bright!

Thanks to you, Scoobs. Of course, not forgetting Steve and the others!

Cheers!

福 子 Victor V
  • #4,331
  • Jan 9, 2010 5:01am Jan 9, 2010 5:01am
Scoobs and Steve,

Along the way i remember one of you recommend that only run Original Bot in a single account with no other EAs running at the same time.

Now, it seems that more successful live EAs will be evovled. Can i assume this:

Run Original EA on a single account and have a second account running all other EAs.

If not, please advise.

Thanks.

福 子 Victor V
  • #4,332
  • Jan 9, 2010 5:06am Jan 9, 2010 5:06am
Quoting camvcvoo
Scoobs and Steve,

Along the way i remember one of you recommend that only run Original Bot in a single account with no other EAs running at the same time.

Now, it seems that more successful live EAs will be evovled. Can i assume this:

Run Original EA on a single account and have a second account running all other EAs.

If not, please advise.

Thanks.

Running more than 1 EA on the same account can cause thread issues. This is mainly down to the way MT4 has been built. Also, dont forget the more EA's running the more PC resources will be used.

Ideally, in a live environment you should use 1 EA per account. This makes analysis allot easier. Plus accounts are easy to setup with your broker.

My advice is its better to be safe when using real money accounts.

Scoobs.
  • #4,333
  • Jan 9, 2010 5:52am Jan 9, 2010 5:52am
Quoting scooby-doo
Running more than 1 EA on the same account can cause thread issues. This is mainly down to the way MT4 has been built. Also, dont forget the more EA's running the more PC resources will be used.

Ideally, in a live environment you should use 1 EA per account. This makes analysis allot easier. Plus accounts are easy to setup with your broker.

My advice is its better to be safe when using real money accounts.

Scoobs.

Will follow your advice.

Looks like people like me who are in South East Asia region can have better access to your brains since we are in the same time zone now. Cheers!

福 子 Victor V
  • #4,334
  • Jan 9, 2010 6:18am Jan 9, 2010 6:18am
Quoting octomanoak
I think it's great this SELL basket closed in profit, but at 7:06 gmt shouldn't the robot been looking only for BUY trades?

I have the setting for BuyHourStarts for my local PC equivalent of 6:00 gmt in accordance with Scooby's PDF, so from 6:30gmt to 8:30gmt the robot should be looking for BUY trades.

Or at the risk of seeming like have not done my homework, has something changed in the strategy that I missed?

JR
JR
It seems you dint pay attention to the pdf.
BUY Trades means buying yen, so in case of pairs (EUR/JPY and GBP/JPY) it means selling EUR or GBP to buy JPY. aka SELL baskets are opened in case of BUY Trades.

Hi Steve, Long time, no see.
  • #4,335
  • Jan 9, 2010 7:32am Jan 9, 2010 7:32am
Someone PM me and asked if martingale type systems can work.

The simple answer is YES under certain market conditions. You would be surprised how many and often banks and other financial instituitions do this.

I am NOT advising anyone here todo this but probably the best and safest currency to use is EURCHF or pick a pair which has low interest rate differentials between the base and secondary currency.

Scoobs.
  • #4,336
  • Jan 9, 2010 8:52am Jan 9, 2010 8:52am
Hi Scooby-Doo,
As a newbie I would like to thank You and all the guys who help You for all You are doing for the community..

2 years ago I started using original Martingale system live (after some time spent on demo of course) and it blew my account.
So left the idea of martingale, till now. As you become a my respetct. I would like to ask You if You could be more specific with "under certain condition"

Thanx anyway

C.
  • #4,337
  • Jan 9, 2010 10:43am Jan 9, 2010 10:43am
Quoting carolco
Hi Scooby-Doo,
As a newbie I would like to thank You and all the guys who help You for all You are doing for the community..

2 years ago I started using original Martingale system live (after some time spent on demo of course) and it blew my account.
So left the idea of martingale, till now. As you become a my respetct. I would like to ask You if You could be more specific with "under certain condition"

Thanx anyway

C.
if for example EURCHF becomes OB or OS in at least 2TFs then it is ok to use a martingale style methodology but not a grid type system.

Use 15M and 1H, TP/SL ratio should be 2:1. Starting lot size should be AccountFreeMargin() / 50000. Dont enter any new trades past 11.00am GMT on Fridays. Makesure the daily trend is UP for OS and DOWN for OB.

if you get a trend reversal or your margin level falls below 500% then you should stop, cut your loses and go back to your original starting lot size calculation.

I wouldnt worry too much if ST shows a loss as the data is usually screwed and it doesnt handle multiple TF calculations very well.

Scoobs
  • #4,338
  • Jan 9, 2010 12:09pm Jan 9, 2010 12:09pm
Hi Scooby,

Once again, please allow me to thank you for generosity.

I assume that you trade GBPJPY manually on a daily basis, if so, which system would you recommend?

Kind regards,

Quoting scooby-doo
Coming soon is an indicator free 4TF OB/OS EA solely for trading the GUPPY with a TP of 1.5% per trade. I have no idea as to how many trades there will be but I think it should be good for a weekly ROI of > 15%.

Allot of people (including traders) dont like trading this currency as it is the most trending/volatile pair and can cause a serious bowl movement if/when it...
  • #4,339
  • Jan 9, 2010 12:18pm Jan 9, 2010 12:18pm
Quoting 4Xfactor
Hi Scooby,

Once again, please allow me to thank you for generosity.

I assume that you trade GBPJPY manually on a daily basis, if so, which system would you recommend?

Kind regards,
If you mean commercially then S/R every time. But I dont mean the type of S/R retail traders see on the platforms. I mean at interbank level etc and what pending orders there are at certain levels. Sometimes our orders will remain open for days, weeks depending on long term market analysis. We also use pattern recognition in conjunction with OB/OS thresholds on the semi-automated side for shorter term trades. Obviously economic data plays a big part in any trade decision i.e. interest rate changes etc.

Scoobs.
  • #4,340
  • Jan 9, 2010 12:31pm Jan 9, 2010 12:31pm
Quoting scooby-doo
If you mean commercially then S/R every time. But I dont mean the type of S/R retail traders see on the platforms. I mean at interbank level etc and what pending orders there are at certain levels. Sometimes our orders will remain open for days, weeks depending on long term market analysis. We also use pattern recognition in conjunction with OB/OS thresholds on the semi-automated side for shorter term trades. Obviously economic data plays a big part in any trade decision i.e. interest rate changes etc.

Scoobs.
Scooby,

Thank you very much for the information.

Following on from that, I was wondering if you had (or would recommend) any system for GBPJPY that might be relevant to intra day manual retail traders?

Kind regards,

P.S. (edit) I suppose you might say Shag 'em all? :-) Forgive me if that is the case. Slight brain lapse :-)
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