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scooby-doo BOJ JPY pairs trading robot

  • #5,121
  • Jan 29, 2010 8:23am Jan 29, 2010 8:23am
Quoting macman
Different brokers give totally different results. You cannot even compare results from the same broker unless you are on the same server

http://www.forexfactory.com/showpost...postcount=4833

Last night (GMT) Original bot on Alpari UK made a profit & identical bot on Alpari NZ (Russia) still open and going the wrong way !

It seems to me that if this is true, then bot will not be successful in the long wrong. The market makers will figure out what you are doing eventually and widen spreads or slip entries enough to front run you and turn it unprofitable.
  • #5,122
  • Jan 29, 2010 8:30am Jan 29, 2010 8:30am
Quoting dr_zeus
It seems to me that if this is true, then bot will not be successful in the long wrong. The market makers will figure out what you are doing eventually and widen spreads or slip entries enough to front run you and turn it unprofitable.
Thats the problem with posting strategies on FF and other forums.

Brokers do employ people to look through these sites to help them identify areas where they maybe at risk.

You will alll see that most brokers widen the spread on EURCHF during Asia session as there is now a well known scalping bot used by allot of people.

Scoobs.
  • #5,123
  • Jan 29, 2010 8:43am Jan 29, 2010 8:43am
Hi All,

I am new to forex trading with background stocktrading....

Can anybody please tell me which EA here is working good with low drawdown...

I have a 200$ account and I am targetting for 15-20 Pips/day

Thanks
ReachJJ
  • #5,124
  • Jan 29, 2010 9:47am Jan 29, 2010 9:47am
Quoting reachjj
Hi All,

I am new to forex trading with background stocktrading....

Can anybody please tell me which EA here is working good with low drawdown...

I have a 200$ account and I am targetting for 15-20 Pips/day

Thanks
ReachJJ
one of the best are in fact 2: your left and right eye
( only if you are awake and not drunk )

note: if one of them disagree, stop trading. If you are not too lazy, maybe you can begin with the first post of this great thread and continue till the last one, then on next week you'll have an idea on how to start.
  • #5,125
  • Jan 29, 2010 10:19am Jan 29, 2010 10:19am
Hey Steve TCF V2 took a couple of good trades on GBPJPY for the first here.

Did that happen on your demo as well ?

Just looking at optimized some setting for LR and the like. Looks promising.

Haveagoodweekend!
  • #5,126
  • Jan 29, 2010 11:09am Jan 29, 2010 11:09am
Quoting boki
I am demoing original on alpari UK. The only problem is that hedge just doesnt kick in. In the setting headge is enabled at 5%.and SL at 10% I am demoing with 5k account. What could be wrong?
in one month a lot of winners and 2 stops.
Boki
I have the same issue. Hedging does not kick in on my demo either. Last trade lost all my gains (account was up 13%, now back to starting balance). Had hedging kicked in, it may have limited the losses.

I don't know why hedging is not working either. Maybe someone can comment.
  • #5,127
  • Jan 29, 2010 12:43pm Jan 29, 2010 12:43pm
Results Original Bot.
Attached Image (click to enlarge)
Click to Enlarge Name: Original-Bot.jpg Size: 39 KB
  • #5,128
  • Jan 29, 2010 2:00pm Jan 29, 2010 2:00pm
This is what I was trying to get across. It seems that the stoploss is too high. Like right now, I would need 15 winners to make up for one loser.

Also, what happens if a basket is open for a while. Say a sell basket is opened at 22 GMT, but around 6 GMT, it's time to look for buy baskets, thus the first basket could go into farther drawdown.

Quoting octomanoak
Results Original Bot.
  • #5,129
  • Jan 29, 2010 2:13pm Jan 29, 2010 2:13pm
Quoting rolleddice
This is what I was trying to get across. It seems that the stoploss is too high. Like right now, I would need 15 winners to make up for one loser.

Also, what happens if a basket is open for a while. Say a sell basket is opened at 22 GMT, but around 6 GMT, it's time to look for buy baskets, thus the first basket could go into farther drawdown.
If hedging would kick in, the picture would look look quite different I suppose.
  • #5,130
  • Edited 2:43pm Jan 29, 2010 2:25pm | Edited 2:43pm
Steve,

The LR addition looks great for V2.

I have tweaked some of the default settings and bam! this beast might just have Yen crosses beaten. (I wish)

Find attached a backtest (1 with MM off @ 0.04 lot of and the other MM on) and set file for GBPJPY.

Enjoy,

getdown71
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ScoobsTCFV2TesterGraph.jpg Size: 85 KB
Click to Enlarge Name: ScoobsTCFV2TesterGraphGBPJPYMMoff.jpg Size: 74 KB
Attached File(s)
File Type: txt scoobs tcf v2 gbpjpy h1 v0.1.txt   3 KB | 400 downloads
  • #5,131
  • Jan 29, 2010 2:31pm Jan 29, 2010 2:31pm
Very nice graph. I think it would give better indication if it had 90% model quality.

Regards,
Jeff
Quoting getdown71
Steve,

The LR addition looks great for V2.

I have tweaked some of the default settings and bam! this beast might just have Yen crosses beaten. (I wish)

Find attached a backtest and set file for GBPJPY.

Enjoy,

getdown71
  • #5,132
  • Jan 29, 2010 2:38pm Jan 29, 2010 2:38pm
Quoting octomanoak
If hedging would kick in, the picture would look look quite different I suppose.
Are you sure your broker allows hedging ?
  • #5,133
  • Jan 29, 2010 2:46pm Jan 29, 2010 2:46pm
Yep - getting 90% is somewhat a hit and miss process for me.

Is there anywhere we can buy quality MT4 history data to target getting 90% every time we setup a MT4 install ?
  • #5,134
  • Jan 29, 2010 4:19pm Jan 29, 2010 4:19pm
Quoting scooby-doo
Are you sure your broker allows hedging ?
Hey Scooby,

Yes, forex.com (UK) allows hedging.

JR
  • #5,135
  • Jan 29, 2010 4:52pm Jan 29, 2010 4:52pm
Quoting octomanoak
If hedging would kick in, the picture would look look quite different I suppose.
I had a problem with this earlier too - hedging should have kicked in but didn't on my live account. Happily, the market reversed and the OP basket closed out at its usual 1% profit.

This and other posts about this here have sent me looking at the code. There is a problem, and I think I see what it is. I cannot imagine what I was thinking when I let this through. It looks like something I started to code but did not follow through.

Coders, this looks like the problem:

 

  1. I declared the variable HighDd - Highest Drawdown allowable before hedging kicked in. This figure starts at 0 and is incremented downwards with each hedge trade sent.
  2. The muckup comes in the void CheckBasketTpSlTarget() function. I think the line

    1. if (AllowHedging && NoOfHedgeTrades < MaxHedgeTradesAllowed && BasketUpl > HighDd)

  3. should read

    1. if (AllowHedging && NoOfHedgeTrades < MaxHedgeTradesAllowed && BasketUpl < HighDd)

As coded, any basket in drawdown doesn't trigger the code that follows the conditional. Only a positive basket does, then hedging does not happen because it is not needed.

It looks as though all that is needed is a change of conditional. I would love to know what I was thinking when I got that wrong. I have imbibed tonight, and have discovered that imbibing and coding do not mix. I am not going to post a fix until the effects of said imbibing have worked off and I am reasonably, um, lucid. In time for Monday, for sure.

Are the rest of you sure you should be using my robots?

Hey ho.

  • #5,136
  • Jan 29, 2010 4:53pm Jan 29, 2010 4:53pm
Quoting octomanoak
Hey Scooby,

Yes, forex.com (UK) allows hedging.

JR
ok,

I know that some brokers don't allow hedging by default and you have to request your account to be hedge enabled.

If not then there must be something in the journal which says why hedging is not happening.

Scoobs.
  • #5,137
  • Jan 29, 2010 5:12pm Jan 29, 2010 5:12pm
Quoting scooby-doo
ok,

I know that some brokers don't allow hedging by default and you have to request your account to be hedge enabled.

If not then there must be something in the journal which says why hedging is not happening.

Scoobs.
It looks like Steve has taken note and sees a problem in the original bot's code.

I feel a fix in the works...

JR
  • #5,138
  • Jan 29, 2010 5:14pm Jan 29, 2010 5:14pm
Quoting SteveHopwood
Are the rest of you sure you should be using my robots?

Hey ho.

Love your bots!

Just put another one up on demo to start on Sunday.

JR
  • #5,139
  • Jan 29, 2010 5:15pm Jan 29, 2010 5:15pm
Quoting octomanoak
It looks like Steve has taken note and sees a problem in the original bot's code.

I feel a fix in the works...

JR
Yep. It has taken a while to emerge because the trading strategy is such a strong one that those of us with hedging enabled haven't needed it for a while.

  • #5,140
  • Edited Jan 30, 2010 3:52am Jan 29, 2010 7:20pm | Edited Jan 30, 2010 3:52am
Quoting SteveHopwood
Yep. It has taken a while to emerge because the trading strategy is such a strong one that those of us with hedging enabled haven't needed it for a while.

Hi Steve,

Since we are trading GBPJPY & EURJPY using original 2.2, I was wondering how this bot with UseNewsFilter turned on at NewsImpact=3 would open trade with GBP having a important news event at 7am GMT.

I may look into the code. But maybe you know the answer quicker than my poking around.

update: I have looked through the code, and they seems fine. Looks like the trade yesterday triggered at about 7:31am GMT. That was precisely 30 minutes after major news event as programmed in the code. That could explained it. Now I am thinking, would 30 minutes after major news event is enough to cushion especially the surprising results...

cheers,
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