scooby-doo BOJ JPY pairs trading robot | Page 261 | Forex Factory

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scooby-doo BOJ JPY pairs trading robot

  • #5,201
  • Feb 1, 2010 8:13pm Feb 1, 2010 8:13pm
Hi Scooby,

Question for Scooby EA

Current position : 2010.02.02, 01:47, Equity : 3000, current P/L : 254.44 (profit).

--What is the embedded TP and SL for Scooby EA ?

Thank you
  • #5,202
  • Feb 1, 2010 8:52pm Feb 1, 2010 8:52pm
Scoobs,
I know this is wrong thread for this question but have to ask your opinion on Aud interest rate hike. Can you give your opinion?
  • #5,203
  • Feb 1, 2010 10:56pm Feb 1, 2010 10:56pm
Has it been updated, I didn't find any comments about it?

BTW, Original BoJ took 5 hours to close in profit the sell positions, From 23:37 to 4:31 GMT+1, many times scratching the gohedgego limit. Anyone like that today?


Best regards,


PS.: the hedge funtions of Dog Bollocks are working their magic to bring the bad trades to green.
  • #5,204
  • Feb 2, 2010 1:58am Feb 2, 2010 1:58am
Ater 2 months of demo, I went Live for Original 2.2 last night.
All params are defaut, except hours. Broker is MIG.
4 trades (2 last night, 2 this morning) : 3 winners, 1 loss (gbpjpy opened at 23:39 closed at 04.35 with 11 pips loss, in demo it closed with 10 pips profit !!)
Total net profit : +863 €
  • #5,205
  • Feb 2, 2010 2:53am Feb 2, 2010 2:53am
Hey, I was wondering is the strength indie with inputs available? I couldnt find it....sorry by the way cheers Scoobs and Steve

Fxcellent
GREED IS THE ULTIMATE INDICATOR
  • #5,206
  • Feb 2, 2010 3:30am Feb 2, 2010 3:30am
Quoting maxou888
Ater 2 months of demo, I went Live for Original 2.2 last night.
All params are defaut, except hours. Broker is MIG.
4 trades (2 last night, 2 this morning) : 3 winners, 1 loss (gbpjpy opened at 23:39 closed at 04.35 with 11 pips loss, in demo it closed with 10 pips profit !!)
Total net profit : +863 €
Apart from different broker price feeds/servers etc you cant compare demo with live.

On a demo account your prices will get accepted whereas on live they may not due too slippage/requotes/offquotes/spread widening etc.

If you broker uses an automated (hidden) dealing desk (most) then its job is to make money from you wherever possible above and beyond just the spread.

You have to understand that brokers are running a highly profitable business model with virtually gauranteed income.

I am not suggesting what they do is illegal but would question their ethics sometimes.

Scoobs.
  • #5,207
  • Feb 2, 2010 3:37am Feb 2, 2010 3:37am
Quoting scooby-doo
I am running a new test with AUDJPY, EURJPY and USDJPY...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.

Scoobs.
Hi

Having seen the above comments by scooby I tried this setup with the Original V2.2 last night. TP hit after 1.5 hours last night and after 7 minutes this morning.

I do not know if this is a wise move or not but lets see how it goes.

Kind Regards
  • #5,208
  • Feb 2, 2010 3:47am Feb 2, 2010 3:47am
Quoting astral77
Hi

Having seen the above comments by scooby I tried this setup with the Original V2.2 last night. TP hit after 1.5 hours last night and after 7 minutes this morning.

I do not know if this is a wise move or not but lets see how it goes.

Kind Regards
I dont know if that will work properly as I think Steve coded in the base lot calculation based on GBPJPY. if you are only using AUDJPY, EURJPY and USDJPY then the base lot calculation should now use EURJPY.

Scoobs
  • #5,209
  • Feb 2, 2010 4:07am Feb 2, 2010 4:07am
Quoting scooby-doo
I dont know if that will work properly as I think Steve coded in the base lot calculation based on GBPJPY. if you are only using AUDJPY, EURJPY and USDJPY then the base lot calculation should now use EURJPY.

Scoobs
Base lot is calculated on the account balance or equity, depending on the user's setting. From there, the individual trade lot sizes are calculated by first finding the strongest pair in the basket and calculating the rest from there. Absence of GJ makes no difference.

  • #5,210
  • Feb 2, 2010 4:21am Feb 2, 2010 4:21am
Quoting SteveHopwood
Base lot is calculated on the account balance or equity, depending on the user's setting. From there, the individual trade lot sizes are calculated by first finding the strongest pair in the basket and calculating the rest from there. Absence of GJ makes no difference.

Cheers Steve.

Also, i have been going some further analysis of the XXXJPY group.

I am not expecting anyone to change bots or agree with me but...

You should only trade the following:

- AUDJPY
- CADJPY
- EURJPY
- USDJPY

The NZDJPY and CHFJPY have virtually no influence over this group. Its a waste of useable margin.

The GBPJPY is usually the driving force but due too its ranging capabilities often means large DD before/if a basket is closed. It is also very sensitive too any type of economic news.

So, i am doing the following...

1. Check high/medium economic news for GBPJPY and USDJPY only.
2. Get the combined avg rsi (2) value for AUDJPY, CADJPY, EURJPY and USDJPY.
3. Base lot size is account / 40000 units.
4. Pair lot size is calculated using EURJPY.
5. if OB (80) then sell all 4 pairs.
6. if OS (20) then buy all 4 pairs.
7. TP is Base lot size * 400.

The reason we look at news for USDJPY is because these are all cross pairs whereby the USDJPY plays a major factor.

I will let you know how this pans out in due course.

Scoobs.
  • #5,211
  • Feb 2, 2010 5:46am Feb 2, 2010 5:46am
Cheers Scoobs.

Users can change their trading pairs simply by altering the pairs input. Other changes can be coded quickly and easily if you decide they would be helpful.

  • #5,212
  • Feb 2, 2010 5:48am Feb 2, 2010 5:48am
Quoting scooby-doo
Apart from different broker price feeds/servers etc you cant compare demo with live.

On a demo account your prices will get accepted whereas on live they may not due too slippage/requotes/offquotes/spread widening etc.

If you broker uses an automated (hidden) dealing desk (most) then its job is to make money from you wherever possible above and beyond just the spread.

You have to understand that brokers are running a highly profitable business model with virtually gauranteed income.

I am not suggesting what they do is illegal but would question...
Yes, I agree.
Others bots that I have running from July untill November both on demo and Live show not so much difference between demo and Live (sometimes better price in demo, sometimes in live). The bots made 85% ROI during this few months before failled in end of november and december. This bots are asian scalpers that plays the channel when the market is dead, this is not tradable any more since is not calm now.
I am currently developping another bot based on Rsi (like TCF) with trend following, hedges ,scaling in etc... I will talk with you ( and may be ask help) about this one when I will have solved DD issue that rarely occurs but that we cannot afford.
Cheers,

(Here is a BT for 2009, eurusd)
Attached Image (click to enlarge)
Click to Enlarge Name: EurUsd_2009.jpg Size: 256 KB
  • #5,213
  • Feb 2, 2010 5:56am Feb 2, 2010 5:56am
Quoting SteveHopwood
Cheers Scoobs.

Users can change their trading pairs simply by altering the pairs input. Other changes can be coded quickly and easily if you decide they would be helpful.

Also, taking an average value across the pairs to base a trading decision on is very dangerous the more pairs you include.

If you trade 4 then actually in certain circumstances it only takes 2 of them to be OB or OS to send all the trades.

So, to compensate this I am looking to see how many of the 4 are actually < 20 or > 80 with 3 being the absolute minimum before sending all of them.

Scoobs.
  • #5,214
  • Feb 2, 2010 6:59am Feb 2, 2010 6:59am
Steve or Scooby

Quoting SteveHopwood
Cheers Scoobs.

Users can change their trading pairs simply by altering the pairs input. Other changes can be coded quickly and easily if you decide they would be helpful.

Which bot could this be done with . . Original . . . 24hr . . DB.... or the Scooby
could almost do it with all 3 which do you recommend
  • #5,215
  • Feb 2, 2010 9:42am Feb 2, 2010 9:42am
Hi Scooby

I like all these latest refinements and ideas. I agree that averaging the RSI is dangerous if it does not also take into account whether or not the majority are actually OB or OS.

I know Steve is exceptionally busy, but when you have time, Steve, these latest ideas may well be worth putting together at least for testing purposes.

Cheers guys!

Invisible
  • #5,216
  • Feb 2, 2010 9:59am Feb 2, 2010 9:59am
Hi Scoobs
I was wodering what TP or SL targets would you suggest for trading original concept on higher TF's? While I am still demoing Original bot, I'd like to try using the same MTF strategy manually on H4 with H1 as trigger using 80/20 rule.
Cheers
Punter
  • #5,217
  • Feb 2, 2010 10:57am Feb 2, 2010 10:57am
Quoting SteveHopwood
Poor octomanoak is already beginning to understand the thankless nature of writing user guides. Not to worry, octomanoak, yours really will not need a lot of updating. The Original bot will not require huge amounts of extra features, I promise.

What? I take off a few days off and you make lots of changes?

Once the dust settles, I'll make updates in the guide. I'm kinda excited about the new additions.
  • #5,218
  • Feb 2, 2010 2:19pm Feb 2, 2010 2:19pm
Quoting SteveHopwood
The Original with the fixes I mentioned earlier is available in post 1. There is also a new input. Goodness only knows what some people here might make of it, assuming they notice it.
When you say 'The Original', are you talking about the Original BOJ here Steve? At the risk of incurring your wrath, mighty sir, I can't see any extra new input in the input settings.
(Feel free to hurl a tirade of abuse in my direction.....)
  • #5,219
  • Feb 2, 2010 2:58pm Feb 2, 2010 2:58pm
Because of the relationship between EURJPY and USDJPY, the following is a method you can try.

Go Long

- When both EURJPY and USDJPY become OS @ 20.

Go Short

- When both EURJPY and USDJPY become OB @ 80.

You can ofcourse subsitute EURJPY with AUDJPY, CADJPY, CHFJPY, GBPJPY or NZDJPY.

However, the best results with the least DD will be using EURJPY. And because you are only entering 2 trades the lotsize can be higher and therefore TP.

If you use my suggestion then the best trading times will be 23.00GMT to 16.00GMT.

Scoobs.
  • #5,220
  • Feb 2, 2010 4:30pm Feb 2, 2010 4:30pm
I noticed that the robot was closing hedged positions at a loss. This turned out to be a coding error - I was not including the hedge trades in the basket upl calculations. The bot was closing the entire position when the first two trades went into profit, ignoring the hedges.

There is a fix for this in the zip in post 1.

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