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scooby-doo BOJ JPY pairs trading robot

  • #5,661
  • Feb 10, 2010 2:26pm Feb 10, 2010 2:26pm
Quoting scooby-doo
Scooby 20EMA-200EMA-RSI3

One thing has popped into my head about this regarding how close the 20 day EMA is to the 200 day EMA.

What I propose is the following...

double Gap = iATR(Pairs[b],1440,1,0) / MarketInfo(Pairs[b],MODE_POINT);

Buy = 20EMA > (200EMA + Gap)
Sell = 20EMA < (200EMA - Gap)

Does anyone have a view ?

Scoobs
Problem with that is if you are trading away from 200 ema too far you will get screwed by a retrace... which usually is the case... trading around the ema is safer... try this:

double Gap = iATR(symbol,1440,1,0) ;
if (EMA_TF1_20 > (EMA_TF1_200-Gap) && MathAbs(EMA_TF1_20-EMA_TF1_200)<=Gap) return( buy);
if (EMA_TF1_20 < (EMA_TF1_200+Gap) && MathAbs(EMA_TF1_20-EMA_TF1_200)<=Gap) return(sell);

This seems to avoid drawdown more and you can get out if price retreats under the EMA farther than you like. What do you think?

Jag
  • #5,662
  • Feb 10, 2010 2:27pm Feb 10, 2010 2:27pm
Quoting fxtrader2k7
Fxpro..they have 2, 3, 4, & 5 decimal pricing depending on the currency pair

eg A/J - 2
G/J - 3
E/A - 4
G/U - 5
Jesus

How can they have different decimal pricing for JPY pairs.
  • #5,663
  • Feb 10, 2010 2:36pm Feb 10, 2010 2:36pm
Quoting scooby-doo
Jesus

How can they have different decimal pricing for JPY pairs.
I don't know. I guess they do this to screw up basket trading bots in particular and bots in general so they can still claim that they welcome EA's.
  • #5,664
  • Feb 10, 2010 2:40pm Feb 10, 2010 2:40pm
Quoting maxou888
.
If I could find the code source of Kg indic, I will try to recode it, if it's possible to improve the speed
You can use this instead of KG RS GROUP V1.1.ex4
It's quite dirty but faster then using original. It excludes pairs that are not present at current broker. Pair's names are hardcoded
It is function that I use with my experiments instead of original. It is inspired by code from this thread from unknown author (I am sorry to unknokwn author
Attached File(s)
File Type: mq4 basketRSI.mq4   10 KB | 362 downloads
Pavel
  • #5,665
  • Feb 10, 2010 2:45pm Feb 10, 2010 2:45pm
Quoting maya007
You can use this instead of KG RS GROUP V1.1.ex4
It's quite dirty but faster then using original. It excludes pairs that are not present at current broker. Pair's names are hardcoded
It is function that I use with my experiments instead of original. It is inspired by code from this thread from unknown author (I am sorry to unknokwn author
What about brokers that have suffixes and a mix of different pairs ?
  • #5,666
  • Feb 10, 2010 2:53pm Feb 10, 2010 2:53pm
Scooby

Could you share with us settings of the RSI

I've read you taking about 5 . . 3 . . . 2

I read you said in a sideways market drop to 2

How about trending or ragging

Thanks in advance
  • #5,667
  • Feb 10, 2010 3:07pm Feb 10, 2010 3:07pm
Hi and thanks!!!

I trade Swedish futures but Iīm new in Forex trading. Scoobs Ea......on a live small IBFX account is up 6,5% on 48 ouhrs. What will that do with a little account in one Year........?

Elovv
  • #5,668
  • Feb 10, 2010 3:23pm Feb 10, 2010 3:23pm
Quoting dryclean
Scooby

Could you share with us settings of the RSI

I've read you taking about 5 . . 3 . . . 2

I read you said in a sideways market drop to 2

How about trending or ragging

Thanks in advance
This is something that is very hard to teach.

RSI-3 is used a great deal in Stock/Share trading to highlight bullish/bearish trades.

The higher the RSI = less trades, less drawdown but high W/L ratio.
The lower the RSI = more trades, more drawdown but mixed W/L ratio.

In an ideal world where you had a large bank and could therefore trade a high lotsize then an RSI-7 would be the best scenario. But you would probably only get around 20 trades per week, which is ok if you can use a lotsize of 5.0 and above.

Going higher than 7 doesnt really make any sense and I never understood why the default is 14.

If you have a day where there is no high impact economic news or Mondays then an RSI 2 is ok to use but where there is high volatility then you need to set it higher otherwise you will get lots of noise/spikes.

Scoobs.

PS. What you could try is making the RSI value dynamic based on market volumes. But I dont know how accurate it would be. Maybe something for someone to try out and report back as I dont really have the time to do this type of analysis. So, low volume = RSI-2, medium volume = RSI-3, high volume = RSI-5 etc
  • #5,669
  • Feb 10, 2010 3:28pm Feb 10, 2010 3:28pm
Quoting macman
Not sure if you really need this.

I did a test by adding Steve's MPTM to handle partial exits & bringing stop to BE at +15 & then letting trades run with a jumping stop. I also increased the max number of trades allowed.

Results speak for themselves I think.
How large of a jumping stop are you using? Do you vary it from pair to pair?
  • #5,670
  • Feb 10, 2010 3:35pm Feb 10, 2010 3:35pm
Scooby
Thank you for the lesson

Will plays around with it and start looking at volume too
  • #5,671
  • Edited 4:15pm Feb 10, 2010 3:40pm | Edited 4:15pm
Hey guys,

Has anyone had any trades with the Scooby TCF v2 ea today? Just curious. I had tradesyesterday but not today.

Thanks!
  • #5,672
  • Feb 10, 2010 3:48pm Feb 10, 2010 3:48pm
Quoting dryclean
Scooby
Thank you for the lesson

Will plays around with it and start looking at volume too
The problem is that volumes can suddenly change, so say market has low volume and you use RSI-2, place a trade and then suddenly volume picks up.

But it maybe something too look at combining volumes/volatility etc.

Personally I would combine with market sessions. i.e. trading XXXJPY pairs between 16.00GMT and 22.00GMT = RSI-2, 23.00GMT - 07.00GMT = RSI-3 or RSI-5 etc etc. Dont forget that a currency will have most volume/volatility during its normal market hours and lower outside of it.

But hey, what the fcuk do I know about this forex sh!t.

This is why most EA's will fail at some point because you cant have a static set of rules to trade every currency 24/5 consistently. The rules need to self-adapt based on the type of currency and its current market conditions.

Scoobs.
  • #5,673
  • Feb 10, 2010 3:59pm Feb 10, 2010 3:59pm
Quoting zoogle
How large of a jumping stop are you using? Do you vary it from pair to pair?
You need to understand Steve's MPTM to use this, so if you are not familiar with it's use, carefully study the manual.

This is probably not the best settings, but gotta start somewhere.

This is on a 5 digit broker.
Attached Image
  • #5,674
  • Feb 10, 2010 4:13pm Feb 10, 2010 4:13pm
Quoting scooby-doo
The problem is that volumes can suddenly change, so say market has low volume and you use RSI-2, place a trade and then suddenly volume picks up.

But it maybe something too look at combining volumes/volatility etc.

Personally I would combine with market sessions. i.e. trading XXXJPY pairs between 16.00GMT and 22.00GMT = RSI-2, 23.00GMT - 07.00GMT = RSI-3 or RSI-5 etc etc. Dont forget that a currency will have most volume/volatility during its normal market hours and lower outside of it.

But hey, what the fcuk do I know about this forex sh!t....
So You think Your latest EA will fall....Or is it not in the group "most EAīs"? I use it on a very smal live acount....and think it is fantastisc.....if the market change direction I can lose 10%.....but my account is up 6,5% in 24 ouhrs....so in the long run.....))
Thanks from
Elovv
  • #5,675
  • Feb 10, 2010 4:14pm Feb 10, 2010 4:14pm
Quoting macman
You need to understand Steve's MPTM to use this, so if you are not familiar with it's use, carefully study the manual.

This is probably not the best settings, but gotta start somewhere.

This is on a 5 digit broker.

A "Shirt protection" parameter.... Thatīs definitely Steveīs
  • #5,676
  • Feb 10, 2010 4:31pm Feb 10, 2010 4:31pm
Quoting Elovv
So You think Your latest EA will fall....Or is it not in the group "most EAīs"? I use it on a very smal live acount....and think it is fantastisc.....if the market change direction I can lose 10%.....but my account is up 6,5% in 24 ouhrs....so in the long run.....))
Thanks from
Elovv
Market dynamics can and often do change. Banks don't employ fully automated trading systems for this reason.

That's what they pay ME for.

Ofcourse one day I probably will be replaced by an EA or similiar but that is a long way off.

What you need is a self-adapting system which learns using previous market pattern formations etc. These do actually exist but are used to give buy, sell, close signals to a trader. Nobody is yet stupid enough to let it trade by itself 24/5 with serious amounts of money.

Scoobs.
  • #5,677
  • Feb 10, 2010 4:34pm Feb 10, 2010 4:34pm
Quoting macman
You need to understand Steve's MPTM to use this, so if you are not familiar with it's use, carefully study the manual.

This is probably not the best settings, but gotta start somewhere.

This is on a 5 digit broker.
It is lovely to see the uses traders find for mptm. When I started writing it a couple of years ago, it never occurred to me that it would turn in to such a useful tool.

  • #5,678
  • Feb 10, 2010 4:43pm Feb 10, 2010 4:43pm
Quoting scooby-doo
Market dynamics can and often do change. Banks don't employ fully automated trading systems for this reason.

That's what they pay ME for.

Ofcourse one day I probably will be replaced by an EA or similiar but that is a long way off.

What you need is a self-adapting system which learns using previous market pattern formations etc. These do actually exist but are used to give buy, sell, close signals to a trader. Nobody is yet stupid enough to let it trade by itself 24/5 with serious amounts of money.

Scoobs.

In Sweden....a little Country....I have used a easy parabolic system for trading futures with sucess for 5 years....so I think easy system can works...if You have the currage to trade them even if you loose money sometimes....my profession is teaching matematic......but I earn more money by trading swedish futures with a easy system
  • #5,679
  • Feb 10, 2010 4:43pm Feb 10, 2010 4:43pm
Quoting SwingMan
Just a remark for the digits, because sometimes platforms with 5 digits have problems with "OrderSend()". (Maybe only in backtests...!)

I use folowing sequence, and it has helped:
Inserted Code
digit = MarketInfo(symbol,MODE_DIGITS);
if (digit==3 || digit==5) digit--;
Swingman is in the house. Perfect
  • #5,680
  • Feb 10, 2010 4:48pm Feb 10, 2010 4:48pm
Quoting watube
Swingman is in the house. Perfect
Yes, because I've become smarter. If you make 90% of the work, I can earn money with only 10% working!
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