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scooby-doo BOJ JPY pairs trading robot

  • #4,341
  • Jan 9, 2010 12:46pm Jan 9, 2010 12:46pm
Quoting 4Xfactor
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 :-)
Just use a channel and 200 SMA.
Attached File(s)
File Type: mq4 AutoTrendChannel.mq4   8 KB | 466 downloads
  • #4,342
  • Jan 9, 2010 12:49pm Jan 9, 2010 12:49pm
Quoting scooby-doo
Just use a channel and 200 SMA.
Will give it a go!

Thanks,
  • #4,343
  • Jan 9, 2010 1:18pm Jan 9, 2010 1:18pm
Quoting 4Xfactor
Will give it a go!

Thanks,
Just remember you need large SL with the Guppy otherwise you will blow all your trades.

Scoobs
  • #4,344
  • Jan 9, 2010 2:56pm Jan 9, 2010 2:56pm
On a sidenote, I'm currently working in Singapore as well and you're up awfully late for a non-trading night!
  • #4,345
  • Jan 9, 2010 2:58pm Jan 9, 2010 2:58pm
Quoting Katalyst
On a sidenote, I'm currently working in Singapore as well and you're up awfully late for a non-trading night!
Yes, I invited 2 young females to a private party, who are both now sleeping.
  • #4,346
  • Jan 9, 2010 6:36pm Jan 9, 2010 6:36pm
Quoting scooby-doo
Yes, I invited 2 young females to a private party, who are both now sleeping.
Don't be conned by this, guys. Scoobs never sleeps. It is not human.

It is really an AI robot on EpsilonMegaStar, broadcasting the thoughts of You Know Who to those Traders Intelligent Enough To Receive Them.

The Rest Of You Have Been Warned. Good luck.
  • #4,347
  • Jan 9, 2010 6:48pm Jan 9, 2010 6:48pm
Quoting SteveHopwood
Don't be conned by this, guys. Scoobs never sleeps. It is not human.

It is really an AI robot on EpsilonMegaStar, broadcasting the thoughts of You Know Who to those Traders Intelligent Enough To Receive Them.

The Rest Of You Have Been Warned. Good luck.
I am very much human, although my ex wife would probably not agree with that statement.

I told you before Steve, sleeping and lunches are for whimps.

  • #4,348
  • Jan 9, 2010 6:58pm Jan 9, 2010 6:58pm
Quoting scooby-doo
I am very much human
Oh no you aren't...........
  • #4,349
  • Jan 9, 2010 6:58pm Jan 9, 2010 6:58pm
Quoting SteveHopwood
Oh no you aren't...........
  • #4,350
  • Jan 9, 2010 7:02pm Jan 9, 2010 7:02pm
Hey guys, I took the RS_Group_JPY indy and paired it with a Stochastic Indy and looking for opposite ends of the scale of each indy and have found an interesting pattern. On the 4 hr T/F on E/J, If the RS_Group Indy is above 80 and the Stoch is below the 80 at the same time and you buy at the candle close, it is good for at least 100 pips every time using a 100 pip stoploss.

Jim
  • #4,351
  • Jan 9, 2010 7:05pm Jan 9, 2010 7:05pm
Quoting Nene
Hey guys, I took the RS_Group_JPY indy and paired it with a Stochastic Indy and looking for opposite ends of the scale of each indy and have found an interesting pattern. On the 4 hr T/F on E/J, If the RS_Group Indy is above 80 and the Stoch is below the 80 at the same time and you buy at the candle close, it is good for at least 100 pips every time using a 100 pip stoploss.

Jim
Yes there are lots of patterns with currency pairs.
  • #4,352
  • Jan 9, 2010 7:09pm Jan 9, 2010 7:09pm
Hi Scooby and Steve

I was wondering whether for the original bot, or Scooby's 3TF 24H bot whether it would be worth having it kill off trades that are open "too" long. For example, if we know that 80% of successful trades are closed within 1 hour, and 95% in 2 hours, then it might be worth having a time cut off at 2.25 hours as any trade that has been open that long we can say is unlikely to reach TP and / or is heading rapidly in the wrong direction. This would not be a replacement for an overall equity emergency stop, but could be a useful additional safety feature - especially for those of us who either do not like hedging in general, or whose brokers will not permit it anyway. After all, why wait for it to hit the equity emergency SL if we can say that after a certain period of time it is really unlikely to be going the way we want anyway?

I know Steve's Trade Manager EA has a timed exit option, so I guess it would be pretty easy to incorporate this feature into the EA.

What do you guys think?

Invisible
  • #4,353
  • Jan 9, 2010 7:10pm Jan 9, 2010 7:10pm
Quoting scooby-doo
Talking of , I downloaded the technical analysis ebook you mentioned a brief lifetime ago.

A lot of it I already knew. Some of it confirmed what I only thought I knew. Some of it introduced me to stuff I didn't know.

I took a bit of a break from ea programming this week, to look at the BB/MACD thingy from Setups...Setups

I have devised a system using hedging rather than stops that has made a killing on demo this week. I have spent a happy few hours today with the vHands trading simulator, doubling an account in simulated EU trading from Jan3rd to 15th Feb 2009. Nice.

Glad I programmed you, O Robot on EpsilonMegaStar.
  • #4,354
  • Jan 9, 2010 7:20pm Jan 9, 2010 7:20pm
Quoting Invisible
Hi Scooby and Steve

I was wondering whether for the original bot, or Scooby's 3TF 24H bot whether it would be worth having it kill off trades that are open "too" long.
I don't think this is necessary. The more sophisticated the robots become, the more rigorous their trading conditions become, so the more likely it is that hedging will take care of occasional problems.

  • #4,355
  • Jan 9, 2010 8:22pm Jan 9, 2010 8:22pm
Sounds great, Steve. The MACD BB is a very interesting indicator. Can you give more details of the system you are using?
  • #4,356
  • Jan 10, 2010 12:02am Jan 10, 2010 12:02am
Quoting scooby-doo
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...
Thanx for explanation..I will test it
  • #4,357
  • Jan 10, 2010 4:20am Jan 10, 2010 4:20am
Quoting carolco
Thanx for explanation..I will test it
Just forward test it on a demo account.

Double your lotsize every 2 losses so, 1:1,2:2,3:3,4:4 etc

Scoobs
  • #4,358
  • Jan 10, 2010 4:36am Jan 10, 2010 4:36am
Quoting Invisible
Sounds great, Steve. The MACD BB is a very interesting indicator. Can you give more details of the system you are using?
It needs some refining before it can be called a system.

Google "Technical Analysis of the Currency Market by Boris Schossberg". Every trader should know the stuff in this. I am not going to post a link because there is nothing to indicate that the book is available free, so I do not want to risk infringing copyright; the fact is, it is available to those willing to look.

For the system I am developing, look at the Setups chapter and the Bollinger Bands section. One of the modifications I am using is a hedge instead of a stop loss, but I am not going to go into a lot of detail yet.

Use the attached coloured macd instead of the one shipped with mt4; it makes spotting a direction change much easier.

Then go to http://www.forexfactory.com/showthread.php?t=60849 to download a brilliant trading simulator and read how to set it up. You can play to your heart's content.

Attached File(s)
File Type: mq4 MACD_Colored_v102.mq4   6 KB | 325 downloads
  • #4,359
  • Jan 10, 2010 4:40am Jan 10, 2010 4:40am
Quoting SteveHopwood
It needs some refining before it can be called a system.

Google "Technical Analysis of the Currency Market by Boris Schossberg". Every trader should know the stuff in this. I am not going to post a link because there is nothing to indicate that the book is available free, so I do not want to risk infringing copyright; the fact is, it is available to those willing to look.

For the system I am developing, look at the Setups chapter and the Bollinger Bands section. One of the modifications I am using is a hedge instead of a stop loss, but I am...
I still read this book after all my years of commercial trading. I cant remember the number of times a trade has gone against me and going back to the book helps explain why!!
  • #4,360
  • Jan 10, 2010 4:46am Jan 10, 2010 4:46am
Quoting scooby-doo
I still read this book after all my years of commercial trading. I cant remember the number of times a trade has gone against me and going back to the book helps explain why!!
You bringing this book to my notice is the biggest thing done for me by an individual trader. People should be made to take an exam proving they understand its contents, before being allowed to trade live.

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