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scooby-doo BOJ JPY pairs trading robot

  • #5,181
  • Jan 31, 2010 8:25pm Jan 31, 2010 8:25pm
Quoting bruunoalves
Do you think is a good idea to turn off buy actions onboj original and 24h robots?
For what it is worth, I have turned off wave 2 trading for now on the Original bot - not using the 24H version at all, but it looks as though turning off buys on the 24H is a good idea.

  • #5,182
  • Jan 31, 2010 10:53pm Jan 31, 2010 10:53pm
I have competed the monumentous task of reading through this thread. Complete with 45 pages of notes.

I am very impressed with the depth of information that is buried in these posts. Scooby should be read by all. His posts have given me a healthy respect for what is impossible for me to know. He has put in here the perspective of big banks that few ever get a glimpse of.

As for the programing, it is incredible. Years ago I worked with Fortran and Basic. I am lost today when it comes to this. I still like to manualy enter my trades. Someday I too may make the jump to a bot. I no doubt will start small.

So thanks for the added understanding I have received concerning JPY pairs. Looking forward to more learning ahead.

Rufus
Illegitimi non carborundum - Noli pati a scelestis opprimi.
  • #5,183
  • Feb 1, 2010 12:39am Feb 1, 2010 12:39am
Steve, You are becoming famous fast! See post no. 1 on SSS Ea thread.
  • #5,184
  • Feb 1, 2010 2:14am Feb 1, 2010 2:14am
Quoting vinesh
Steve, You are becoming famous fast! See post no. 1 on SSS Ea thread.
  • #5,185
  • Feb 1, 2010 7:56am Feb 1, 2010 7:56am
You may want to check the following out.

http://www.ibfx.com/Tools/PRS.aspx

Scoobs.
  • #5,186
  • Feb 1, 2010 8:38am Feb 1, 2010 8:38am
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 (1 with MM off @ 0.04 lot of and the other MM on) and set file for GBPJPY.

Enjoy,

getdown71
This is my Backtest with yours settings for GbpJpy H1 from 2009/01/01 till now, 1 lot.
I tried other pairs but hude DD occurs
Attached Image (click to enlarge)
Click to Enlarge Name: TCF V2.jpg Size: 213 KB
  • #5,187
  • Feb 1, 2010 8:55am Feb 1, 2010 8:55am
Short update (didn't make it 24/7 by far):

Starting Balance: 5.000
Balance: 5.101
Equity: 5.073

Open trades: 2.
1 @ +$10
1 @ - $38
  • #5,188
  • Feb 1, 2010 9:07am Feb 1, 2010 9:07am
Quoting scooby-doo
You may want to check the following out.

http://www.ibfx.com/Tools/PRS.aspx

Scoobs.
Hi Scoobs

Prs of IBFX is provided by Autochartist available at around $40 Per month, however if you are with IBFX and some other brokers (E.G. Alpari, FXDD, GFT, IG, CMS etc) you can get it free of charge.

You were kind enough to let us have your thoughts regarding some points couple of weeks ago (http://www.forexfactory.com/showpost...postcount=4666) and you mentioned that "...unless you have the bigger picture outside your broker it (i.e.PRS) does not help much". From your writings it seems that for us retail traders LUCK plays a much bigger role in our trades and all these indicators and tools may help to reduce the odds in our favour.

I have been monitoring the Autochartist for the last couple of months and find it useful in identifying some patterns whilst saving time going through the charts individually. Have you had time to look at this software and if you have what are your thoughts about it.

Kind Regards
  • #5,189
  • Feb 1, 2010 12:01pm Feb 1, 2010 12:01pm
Quote
Not really been keeping up, have you? If you can't even be bothered to read Scoob's posts here, you really have problems.

Do take up golf rather than forex trading, won't you.

Hi Steve, I have been reading the whole thread. Perhaps there is some confusion as there are a number of different but similar bots that are being discussed here. Anyway, the last I read about this particular 3TF 24 Hour bot that Scooby himself developed was post 4908 where he wrote:

Quote
I cant remember who but someone asked how my 3TF JPY EA was doing. You can find details here:

http://www.myfxbook.com/members/lenovos10e/3tf/14536

However, the ROI looks good so far but to me the drawdown is way too high.

Scoobs.

And then where he responded to the drawdown issue later with this post (#4911):

Quote
Its just a 80/20 OB/OS 3TF JPY EA.

The very interesting thing is that the stats (so far) show I could have achieved roughly the same ROI just using AUDJPY, EURJPY and USDJPY with allot less drawdown (< 1%).

This does kind of make sense as the GBPJPY is what causes the DD to any method/strategy.

But I really should have known that!!!!!!!!

Scoobs.

Perhaps there was another post or two later, but this is the only thread in FF that I read every day and I am sure I would have spotted it.

Scoobs, did you try your suggestion above and switch it to AUD EUR and USDJPY only? An update on your results would be interesting.

Cheers guys! Appreciate all the hard work.
  • #5,190
  • Feb 1, 2010 12:16pm Feb 1, 2010 12:16pm
Quoting Invisible
Hi Steve, I have been reading the whole thread. Perhaps there is some confusion as there are a number of different but similar bots that are being discussed here. Anyway, the last I read about this particular 3TF 24 Hour bot that Scooby himself developed was post 4908 where he wrote:



And then where he responded to the drawdown issue later with this post (#4911):



Perhaps there was another post or two later, but this is the only thread in FF that I read every day and I am sure I would have spotted it.

Scoobs, did you try your suggestion above...
I am running a new test with AUDJPY, EURJPY and USDJPY.

There is only 1 weeks results so far but the strange thing is that all the trades are positive.

It does kind of make sense because GBPJPY and NZDJPY cause large DD and previously were stoping basket hitting TP. Plus the combined spread for all 7 was just stupid.

Also, USDJPY has a connection to all the XXXJPY pairs so getting the combined GroupRSI value for just these 3 trades will in theory increase profitablility. i.e. You should always have 2 out of 3 profitable trades. But at the moment I cant explain why they are all positive.

So, its just a 3TF (15M,1H,4H) RSI3 bot running on AUDJPY, EURJPY and USDJPY.

TP is set at 300.

No trades if High impact news affecting any of the 3 pairs 45mins before and 15mins after.

New trades only between 23.00 GMT and 16.00 GMT.

I will report back when I have more data to analyze.

Scoobs.
  • #5,191
  • Feb 1, 2010 12:49pm Feb 1, 2010 12:49pm
Quoting scooby-doo
Following on.....

If anyone has done any analysis on the XXXJPY pairs will have quickly found out that BUY'S tend to close allot quicker than SELL's.

This means that buying against the trend is more profitable than selling with the trend.

How can that be I here people ask ?

Well, the answer is in the BOJ intervention policy document, if anyone actually read it completely.

The markets trully believe that the YEN is overvalued due too artificial daily manipulation!!!!!

Scoobs
Scoob I have been reading some books lately and have two questions:

1. "Kimono traders", how much are they affecting the yen value?

2. Other than JPY, isnt the CHF also manipulated by the SNB to get the same result?
  • #5,192
  • Feb 1, 2010 1:13pm Feb 1, 2010 1:13pm
Hello everyone it has been a while since I posted here. I tried reading all the pages I have missed. First congrads to Steve on going past 5000 posts. Also as always thanks to Steve for all the work on the ea's and to Scooby for the great input and also all the other testers. Going to be trying to do some tests now. I do have one question, and I did not see the answer, unless I missed the post. I was looking at the Scooby-doo Bollocks trading robot, and did put it on a Alpari-UK demo last night. One question I have is in a precious post by Scooby, I think he said lotDivisor should be 50000 and not 100,000. Is that still the case since it is still at 100000? Can one just manually change it to 50,000?

Thanks again!

Vince
  • #5,193
  • Feb 1, 2010 1:22pm Feb 1, 2010 1:22pm
Quoting vicky_ag
Scoob I have been reading some books lately and have two questions:

1. "Kimono traders", how much are they affecting the yen value?

2. Other than JPY, isnt the CHF also manipulated by the SNB to get the same result?
1. This does seem laughable but they are having a large impact and not just on the Yen. They are (combined) trading large volumes of Euro and Dollar. What they do with the Yen is basically the original BOJ method, they just jump on the back of it like many people on this thread now.

2. Yes but not to the same level as JPY. The overall strength of the Yen is based on their reserves, which they always tell porkies about. They borrow large somes of money to drive the Yen where they want it to go making huge daily profits (minus borrowing rates) for BOJ and at the same time keeping interest rates low. There only major obstacle is the price of oil, which Japan is the worlds biggest importer of.

Scoobs.
  • #5,194
  • Feb 1, 2010 1:41pm Feb 1, 2010 1:41pm
Hi

The TpMultiplicationFactor on the orginal robot is set to default as 200. My broker (FXSol) provides 4th digit pricing (I've changed EmergencyTakeProfit, EmergencyStopLoss and MaxSpreadAllowed) so I would have to change TpMultiplicationFactor to 20?

Cheers
  • #5,195
  • Feb 1, 2010 2:14pm Feb 1, 2010 2:14pm
Quoting Jaula
Hi

The TpMultiplicationFactor on the orginal robot is set to default as 200. My broker (FXSol) provides 4th digit pricing (I've changed EmergencyTakeProfit, EmergencyStopLoss and MaxSpreadAllowed) so I would have to change TpMultiplicationFactor to 20?

Cheers
Yes
  • #5,196
  • Feb 1, 2010 2:43pm Feb 1, 2010 2:43pm
Quote
I am running a new test with AUDJPY, EURJPY and USDJPY.

There is only 1 weeks results so far but the strange thing is that all the trades are positive.

It does kind of make sense because GBPJPY and NZDJPY cause large DD and previously were stoping basket hitting TP. Plus the combined spread for all 7 was just stupid.

Also, USDJPY has a connection to all the XXXJPY pairs so getting the combined GroupRSI value for just these 3 trades will in theory increase profitablility. i.e. You should always have 2 out of 3 profitable trades. But at the moment...

Cheers mate. That is very interesting - and you are right that it is strange to have all pairs closing positively. Very nice though. I wonder if any of the programmers etc on your trading floor have an idea of why that is? Of course, you won't find anyone complaining about too many positive trades here

Looking forward to seeing how this little fella develops. You could call him "Scrappy"
  • #5,197
  • Feb 1, 2010 2:47pm Feb 1, 2010 2:47pm
Boy, there sure is a lot to learn here - way beyond the bots.

A true 5 star thread!

Many thanks to all!
Brent
  • #5,198
  • Feb 1, 2010 3:01pm Feb 1, 2010 3:01pm
Quoting Invisible
Cheers mate. That is very interesting - and you are right that it is strange to have all pairs closing positively. Very nice though. I wonder if any of the programmers etc on your trading floor have an idea of why that is? Of course, you won't find anyone complaining about too many positive trades here

Looking forward to seeing how this little fella develops. You could call him "Scrappy"
What is probably happening is that all 3 are truely OB or OS due too the following:

AUDJPY = AUDUSD * USDJPY
EURJPY = EURUSD * USDJPY

Scoobs.
  • #5,199
  • Feb 1, 2010 4:49pm Feb 1, 2010 4:49pm
Is it worth trading the GBP/JPY with a 9 pip spread (original BOJ)? I'm just sticking to EUR/JPY. Can't believe I chose FX Sol as the broker to go live with and I knew their spreads were wide, 9 pips is a disgrace Will have to start searching for a proper broker.
  • #5,200
  • Feb 1, 2010 4:51pm Feb 1, 2010 4:51pm
Quoting Jaula
Is it worth trading the GBP/JPY with a 9 pip spread (original BOJ)? I'm just sticking to EUR/JPY. Can't believe I chose FX Sol as the broker to go live with and I knew their spreads were wide, 9 pips is a disgrace Will have to start searching for a proper broker.
9 ?????????????

That broker should be stuck in the hall of shame.
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