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scooby-doo BOJ JPY pairs trading robot

  • #5,021
  • Jan 25, 2010 5:26am Jan 25, 2010 5:26am
Quoting dinofx
hi Steve,

this bot take a sell trade immediatly few minutes ago, but with:
- send pending ( no immediate trade)
- sma down
-LR up
- short trade is not allowed
-long trade is not allowed

so, trades are taken when rsi agree but without others filters: problems with locale/global variables.
then a sell stop have been taken
I also had trades sent when they should not have been allowed. I spotted what I think was a problem with the LR code, so there is a fix for that in post 1.

As to why the bot sent a market rather than a pending trade, I don't see how that could happen - the conditionals required to select the order type are quite clear in the code. Is is possible that the bot sent a pending that filled immediately?

Sing out if it happens again. We all know that, just because I think something cannot happen, doesn't mean it really can't.

  • #5,022
  • Jan 25, 2010 7:07am Jan 25, 2010 7:07am
Steve,

Hope you understand my English....

Here's what just happened or rather i just noticed an intelligent behaviour of the EA that can be improved:

I'm using MIG Bank (GMT+1) and i refer to server's time.

At 13:46 a 0.2 Sell Stop TCF1 on EURJPY was triggered and was immediately closed at 13:46 at a loss, maybe due to spread.
At 13:44 a 0.4 Sell Stop TCF2 on EURJPY was triggered and was immediately closed at 13:44 at a loss, maybe due to spread.
At the same time, EA issued 0.2 Buy Stop TCF1 at 13:46 and triggered at 13:50

My only reasoning is that those Sell Stop was issued based on past market conditions and when it was triggered, at the same time, the market condition changed thereby immediately close all triggered (previous) pending orders and issues new pending orders base on current market condition.

Brilliant!

However, if the EA can do the following, i think it is perfect:

When almost (maybe in terms of pips) trigger pending orders, EAs scans the market and decide if previous pending orders are still valid. If yes, leave it. If no, cancel previous pending orders to be replaced by new pending orders according to current market conditions.

Hope it helps...
福 子 Victor V
  • #5,023
  • Jan 25, 2010 8:05am Jan 25, 2010 8:05am
Quoting scooby-doo
Steve

I dont know if you have an EA that does the following but just some thoughts.

Scan all currency pairs available from your broker:

Go Long

- if currency > 200 4H SMA and OS in 15M, 1H and 4H.

Go Short

- if currency < 200 4H SMA and OB in 15M, 1H and 4H.

Obviously you would need to set TP, SL and Spread size. I would use a lotdivisor of 100000 and allow a maximum of 7 trades to be opened at any one time.

Also, I would use an overall TP (close all) of 1.25% of account size. Personally, I think you should...
I've noticed that elsewhere Soobs has noted that the rsi period ought to be 2 for determining OB and OS, but in the DB robot the rsi has period been set at 5( by default), is this intentional?
  • #5,024
  • Jan 25, 2010 8:06am Jan 25, 2010 8:06am
Quoting farizu
I've noticed that elsewhere Soobs has noted that the rsi period ought to be 2 for determining OB and OS, but in the DB robot the rsi has period been set at 5( by default), is this intentional?
This was already discussed, 5 is a conservative setting, 2 means more drawdown. Please search more before asking ( I know, the thread is long ).
  • #5,025
  • Jan 25, 2010 8:46am Jan 25, 2010 8:46am
Guys,

I found a script that can open all the 3 orders for the 3 Way Hedging method right here @FF by stockwet in the programming discussion section under the title..."Can you close all open orders at once?" with his explanation in post #14.

I attached the script herewith for all. It is called RapidFire.

Please have a look and test it out.

Enjoy.
Attached File(s)
File Type: mq4 RapidFire.mq4   4 KB | 509 downloads
File Type: ex4 RapidFire.ex4   6 KB | 399 downloads
  • #5,026
  • Jan 25, 2010 1:52pm Jan 25, 2010 1:52pm
I would like to propose that some of us who have VPS or always-on PCs set up forward demos for one or more of the robots on this thread and publish the results to myfxbook. Then, if Steve is willing, links could be posted in post 1 to the myfxbook demos. This way, new readers of the thread, or those busy testing just one or the other robot, can track how other robots are doing.

This could also be done for those manually trading one or more of the strategies.

I can publish my forward demo of the original robot, since I already have it running. Also I would be able to make room on my VPS for another demo, but I would like to have agreement what settings to use so we are tracking with settings the group is most interested in.

I think this would be a solid way to track the excellent work of Steve and Scooby.

What do you all think?
  • #5,027
  • Jan 25, 2010 2:02pm Jan 25, 2010 2:02pm
well the vps costs something and also it needs some maintenance (the bots are being updated all the time). Also running a dozen of bots on an vps can make the system very very unresponsive. I also thought about a possibility like this, but right now it is very complicated.
  • #5,028
  • Jan 25, 2010 2:15pm Jan 25, 2010 2:15pm
Quoting awk
well the vps costs something and also it needs some maintenance (the bots are being updated all the time). Also running a dozen of bots on an vps can make the system very very unresponsive. I also thought about a possibility like this, but right now it is very complicated.
Yes, it will require some resources and maintenance, but I'm willing to do that. Maybe some others here will want to do the same.

I'm not suggesting that someone who does not have VPS already go pay to set one up for this purpose. But there may be others on this thread that have VPS already or a PC running 24/7 that have some capacity.
  • #5,029
  • Jan 25, 2010 5:48pm Jan 25, 2010 5:48pm
I know that all developments here are focussed around MT4 but for those that use NinjaTrader (and like to monitor the market), you might want to use the MarketAnalyser. It is very easy to program your own variables and set colour/sound alerts when certain conditions are met.

Attached a simple example that shows OB/OS on both RSI and Stochastics over multiple timeframes.
Attached Image (click to enlarge)
Click to Enlarge Name: MarketAnalyzer.gif Size: 82 KB
  • #5,030
  • Jan 25, 2010 7:51pm Jan 25, 2010 7:51pm
how quiet is going here

best regards for all
  • #5,031
  • Jan 25, 2010 8:05pm Jan 25, 2010 8:05pm
Today a basket opened which moved to exceed 5% loss, but hedging trades were not taken even though they were enabled.

Journal does not show an attempt to open hedge trades.

Basket still open in floating loss of more than 6.5%
  • #5,032
  • Jan 25, 2010 8:22pm Jan 25, 2010 8:22pm
Quoting octomanoak
Today a basket opened which moved to exceed 5% loss, but hedging trades were not taken even though they were enabled.

Journal does not show an attempt to open hedge trades.

Basket still open in floating loss of more than 6.5%
are not your tradin lots too bigger?

what is the % risk manange you aplly?
  • #5,033
  • Jan 25, 2010 8:51pm Jan 25, 2010 8:51pm
Quoting MGT-Tradin
are not your tradin lots too bigger?

what is the % risk manange you aplly?
I'm applying the lot divisor recommended by Scooby-Doo. Lot size is appropriate and there is plenty of margin to open the hedge trades.
  • #5,034
  • Jan 25, 2010 9:11pm Jan 25, 2010 9:11pm
Quoting octomanoak
I'm applying the lot divisor recommended by Scooby-Doo. Lot size is appropriate and there is plenty of margin to open the hedge trades.
cool, I saw he spoke about that... let me see if I got it, you should divide your acount balance by 20.000 correct? my question is for example if I have a 2000 acount my lot size should be 0.1, so if Im tradin a basket of 5 currency
I should take 5 trades with lots 0.02? this is correct?
  • #5,035
  • Jan 25, 2010 9:13pm Jan 25, 2010 9:13pm
I want to know about that cos I prefer manual trades...
  • #5,036
  • Jan 25, 2010 9:50pm Jan 25, 2010 9:50pm
Quoting MGT-Tradin
cool, I saw he spoke about that... let me see if I got it, you should divide your acount balance by 20.000 correct? my question is for example if I have a 2000 acount my lot size should be 0.1, so if Im tradin a basket of 5 currency
I should take 5 trades with lots 0.02? this is correct?
Yes thats correct. And advisable too. From my poit of view.
  • #5,037
  • Jan 25, 2010 10:09pm Jan 25, 2010 10:09pm
Quoting vinesh
Yes thats correct. And advisable too. From my poit of view.
and about profit scooby said that you should multiply your lot size for 200.

so in that case we were talkn about

if I have a $2000, trading a 5 currency basket with lots 0.02, so my full position is 0.1, I should close basket with $200 or $20? the last one option?
  • #5,038
  • Jan 26, 2010 3:32am Jan 26, 2010 3:32am
What's wrong?

Anyone demo with TCF? Looks good on all versions.

Where's Scoob and Steve?
福 子 Victor V
  • #5,039
  • Jan 26, 2010 4:53am Jan 26, 2010 4:53am
they both take plane to choose a sunny island
  • #5,040
  • Jan 26, 2010 4:56am Jan 26, 2010 4:56am
Quoting camvcvoo
What's wrong?

Anyone demo with TCF? Looks good on all versions.

Where's Scoob and Steve?
Whats up ?
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