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scooby-doo BOJ JPY pairs trading robot

  • #4,381
  • Jan 10, 2010 7:53pm Jan 10, 2010 7:53pm
This is a question from a newbie, so please bear with me..

I have had the original robot running since last friday and up till now, it has not placed any orders yet. I am running metatrader on a linux VPS and it hasn't displayed any errors as of this moment. However, no orders have been placed, too !

How many orders is it expected to place per day ? What about the 24Hr robot ? It hasn't placed any orders too !!

http://img197.imageshack.us/img197/2831/scoobywf.jpg
  • #4,382
  • Edited Jan 11, 2010 1:25am Jan 10, 2010 10:31pm | Edited Jan 11, 2010 1:25am
Quoting semelak1
This is a question from a newbie, so please bear with me..

I have had the original robot running since last friday and up till now, it has not placed any orders yet. I am running metatrader on a linux VPS and it hasn't displayed any errors as of this moment. However, no orders have been placed, too !

How many orders is it expected to place per day ? What about the 24Hr robot ? It hasn't placed any orders too !!
You might not see any orders yet if you set the robots up on Friday. Study the first post of the thread to understand when the Original robot trades.

As far as the 24hr robot is concerned, I've had it running on demo since December 14 and only saw it trade the first time last week. It is still a work in progress, but if you read through the thread Scooby-Doo has indicated how often he expects it to trade. Although you may find differences in frequency of trades depending on the broker you use.
  • #4,383
  • Jan 11, 2010 6:49am Jan 11, 2010 6:49am
MTF RSI
Attached File(s)
File Type: mq4 #MTF_RSI.mq4   4 KB | 368 downloads
  • #4,384
  • Jan 11, 2010 6:58am Jan 11, 2010 6:58am
Another RSI method for any pair which is very safe due to starting lotsize.

Example:

Go Short

- Wait for 2TF RSI > 70 Sell 1.0 Lot
- Wait for 2TF RSI > 80 Sell 2.0 Lot
- Wait for 2TF RSI > 90 Sell 3.0 Lot
- Close out when TP hit

Go Long
- Wait for 2TF RSI < 30 Sell 1.0 Lot
- Wait for 2TF RSI < 20 Sell 2.0 Lot
- Wait for 2TF RSI < 10 Sell 3.0 Lot
- Close out when TP hit

Your starting lotsize should be AccountFreeMargin() / 50000. The sequence should only start when the currency pair first becomes OB or OS.

Scoobs

PS. This is not a martingale type system as such so dont panic.
  • #4,385
  • Jan 11, 2010 9:31am Jan 11, 2010 9:31am
Quoting scooby-doo
Another RSI method for any pair which is very safe due to starting lotsize.

Example:

Go Short

- Wait for 2TF RSI > 70 Sell 1.0 Lot
- Wait for 2TF RSI > 80 Sell 2.0 Lot
- Wait for 2TF RSI > 90 Sell 3.0 Lot
- Close out when TP hit

Go Long

- Wait for 2TF RSI < 30 Sell 1.0 Lot
- Wait for 2TF RSI < 20 Sell 2.0 Lot
- Wait for 2TF RSI < 10 Sell 3.0 Lot
- Close out when TP hit

Your starting lotsize should be AccountFreeMargin() / 50000. The sequence should only start when the currency pair first becomes OB or OS.

Scoobs

PS....
Let's say i'm looking at 15min and H1, what would be the RSI setting?

Thanks.
福 子 Victor V
  • #4,386
  • Jan 11, 2010 9:35am Jan 11, 2010 9:35am
Quoting camvcvoo
Let's say i'm looking at 15min and H1, what would be the RSI setting?

Thanks.
Shorts
if RSI(2) M15 > 70 && RSI(2) H1 > 70
if RSI(2) M15 > 80 && RSI(2) H1 > 80
if RSI(2) M15 > 90 && RSI(2) H1 > 90

Longs
if RSI(2) M15 < 30 && RSI(2) H1 < 30
if RSI(2) M15 < 20 && RSI(2) H1 < 20
if RSI(2) M15 < 10 && RSI(2) H1 < 10
  • #4,387
  • Jan 11, 2010 11:58am Jan 11, 2010 11:58am
Anyone having difficulties to run it on FXCM? I've reduced the pip settings by a factor of 10 but trades are only made if I set the "criminal" option to "false" (which is strange because the BoJ Original Robot runs perfectly with the settings set to "true") but all trades are made with a lot size of 20 which I find a bit too daring

Has anyone run into similar problems?

Thanks!

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.

  • #4,388
  • Jan 11, 2010 12:20pm Jan 11, 2010 12:20pm
My orginal v2.2 opend a buy in gbpjpy and eurjpy d at 16:15 this am (uk time) its down 268 demo dollars.
  • #4,389
  • Jan 11, 2010 12:26pm Jan 11, 2010 12:26pm
Quoting tommbstone
My orginal v2.2 opend a buy in gbpjpy and eurjpy d at 16:15 this am (uk time) its down 268 demo dollars.
Today was a holiday in Japan.
  • #4,390
  • Jan 11, 2010 12:37pm Jan 11, 2010 12:37pm
My demo of the Original bot did not open a trade but my 24hr bot did, even though the holiday was entered into the settings on both bots...not sure why the 24hr opened a trade basket.
  • #4,391
  • Jan 11, 2010 1:52pm Jan 11, 2010 1:52pm
Just got an email reguarding a new broker IamFX and was wondering if the AI ea will work ok with that broker? I do not see in the ea the usual is criminal an ECN. I think this broker is an ecn? Also looks like it is a 5 digit broker EUR/USD is quoted as 1.45284.
Thanks
Vince
  • #4,392
  • Jan 11, 2010 5:11pm Jan 11, 2010 5:11pm
Quoting letizia
Just got an email reguarding a new broker IamFX and was wondering if the AI ea will work ok with that broker? I do not see in the ea the usual is criminal an ECN. I think this broker is an ecn? Also looks like it is a 5 digit broker EUR/USD is quoted as 1.45284.
Thanks
Vince
Do keep up, Vince. I mean, obviously I added the ECN stuff.

Only teasing. Thanks for posting this. I managed to leave the AI updated robot out of the zip in post 1 and hadn't realised. Go back and re-download the zip; you will find the ECN stuff included in the version there.

Cheers

  • #4,393
  • Jan 11, 2010 5:24pm Jan 11, 2010 5:24pm
Hello Steve...
I wonder if it really is needed to have ecn on? I just checked and a buy stop and sell stop has been open without the ecn checked? I wonder if the broker is ecn? It said it was a stp broker? I just read the meaning of stp, so I guess it is not an ecn? Not too sure what type of broker it is now
Thanks again for the updated ea.
Vince
  • #4,394
  • Jan 11, 2010 5:29pm Jan 11, 2010 5:29pm
Quoting letizia
Hello Steve...
I wonder if it really is needed to have ecn on? I just checked and a buy stop and sell stop has been open without the ecn checked? I wonder if the broker is ecn? It said it was a stp broker? I just read the meaning of stp, so I guess it is not an ecn? Not too sure what type of broker it is now
Thanks again for the updated ea.
Vince
Hehe. Don't know. Don't care. I don't use ECN brokers and would need considerable persuading of the benefits to me of the value of sending two-stage orders. It seems to me that this is merely an attempt to make retail forex trading even harder. I assume these criminals are hoping that there will be a disconnect between sending the trade and the stops, followed by a spike that kills the account.

From my point of view, these ECN crooks are just a bloody nuisance as I have to code my trade-sending routines to take account of them.

They irritate the hell out of me.

  • #4,395
  • Jan 11, 2010 5:32pm Jan 11, 2010 5:32pm
Quoting SteveHopwood
Hehe. Don't know. Don't care. I don't use ECN brokers and would need considerable persuading of the benefits to me of the value of sending two-stage orders. It seems to me that this is merely an attempt to make retail forex trading even harder. I assume these criminals are hoping that there will be a disconnect between sending the trade and the stops, followed by a spike that kills the account.

From my point of view, these ECN crooks are just a bloody nuisance as I have to code my trade-sending routines to take account of them.

They irritate...
I just watched a video and it seems like it could be a good broker? Not sure if I can post the name of the broker or link to them? Would be nice to have a opinion of the broker from the more experienced traders online!
  • #4,396
  • Jan 11, 2010 5:44pm Jan 11, 2010 5:44pm
Quoting scooby-doo
Another RSI method for any pair which is very safe due to starting lotsize.

Example:

Go Short

- Wait for 2TF RSI > 70 Sell 1.0 Lotpair first becomes OB or OS.

Scoobs

PS. This is not a martingale type system as such so dont panic.
Thanks once again for another trading system. Do you recommend any other indicator as confirmation in addition to RSI.

Regards
P.S. With so many new ideas I am waiting for Steve to have one of his famous thought inspiring baths
  • #4,397
  • Edited 7:30pm Jan 11, 2010 5:49pm | Edited 7:30pm
Quoting letizia
I just watched a video and it seems like it could be a good broker? Not sure if I can post the name of the broker or link to them? Would be nice to have a opinion of the broker from the more experienced traders online!
Do not trust the videos, go to forums and read the reviews and then judge for yourself. You only need to go the web site of commercial EAs to see dozens of videos of so called traders claiming they made tens of thousands with the EAs.

Unfortunately unless you have big capital for trading and willing to trade standard lots you are stuck with the usual bunch. My advise is at least go for the bigger ones who have been around longer.
regards
  • #4,398
  • Jan 11, 2010 5:56pm Jan 11, 2010 5:56pm
Quoting letizia
I just watched a video and it seems like it could be a good broker? Not sure if I can post the name of the broker or link to them? Would be nice to have a opinion of the broker from the more experienced traders online!
You mean that ECN is an individual broker?

I assumed this bloody stupid two-stage thingy was something generic to a particular breed of broker.

I have been going through hoops just to suit dipsticks using one particular criminal? Dipsticks too dim to see the dangers of the two-stage process?

Now I am really cross. Any idea how much time I have wasted on this bloody broker? To no conceivable value to myself?

Never again. My next response to some idiot asking for ecn support will be an instant ban from whichever therad I have started.
  • #4,399
  • Jan 11, 2010 5:59pm Jan 11, 2010 5:59pm
Quoting SteveHopwood
You mean that ECN is an individual broker?

I assumed this bloody stupid two-stage thingy was something generic to a particular breed of broker.

I have been going through hoops just to suit dipsticks using one particular criminal? Dipsticks too dim to see the dangers of the two-stage process?

Now I am really cross. Any idea how much time I have wasted on this bloody broker? To no conceivable value to myself?

Never again. My next response to some idiot asking for ecn support will be an instant ban from whichever therad I have started.
ECN's are just criminal bucket shops. Ignore them and move onto a repuitable broker.

Scoobs
  • #4,400
  • Jan 11, 2010 6:04pm Jan 11, 2010 6:04pm
Quoting scooby-doo
ECN's are just criminal bucket shops. Ignore them and move onto a repuitable broker.

Scoobs
Ignore them? I have spend bloody hours accommodating them. Just because people here and in other threads have been stupid enough to con bloody-stupid me into coding for them.

No wonder ea coders finally get pissed off with traders and wander off to do their own thing.

Scoobs, I begin to get an insight into how you felt when the legions of the moronic were asking so many stupid questions in the early stages of this thread.

Why the bloody hell should I bother when all people are prepared to do is waste my time?

Yep. I feel more than just a little bit of sympathy. Boy, but I am angry.
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