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scooby-doo BOJ JPY pairs trading robot

  • #5,681
  • Feb 10, 2010 4:51pm Feb 10, 2010 4:51pm
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.
What would you think about something like this then:

During out of market hours for both currencies in a pair use RSI2 (eg. EURNZD @ 18GMT)
Bump up the RSI by one for each currency in the pair that is actively being traded (RSI3 for EURJPY @10GMT, AUDUSD @ 1600) (RSI4 for AUDJPY @ 1GMT, EURUSD @ 13GMT)
  • #5,682
  • Edited 5:25pm Feb 10, 2010 4:56pm | Edited 5:25pm
I stop testing this bot. Although it's not on any chart, I'm getting nonstop Dogs Bollocks order send failed with error (4109). These alerts are more than annoying; what's going on? I apologise in advace if this is a daft question. Thanks - Steve

I just closed and re-opened activtrades, and that did not solve the issue.

Please ignore this post - I figured it out.
  • #5,683
  • Feb 10, 2010 5:00pm Feb 10, 2010 5:00pm
Quoting maxou888
Right, if you fell couragous enough to do it, please do.
I don't know how to transform an indic's code inside an EA
About the ADR, you are right, I will do that later
I would implement something like the attached.

Call setBrokerPairs() once at start of EA
Call getRSIForCcy() as needed.
Attached File(s)
File Type: mqh sample_rsi.mqh   2 KB | 350 downloads
  • #5,684
  • Feb 10, 2010 5:05pm Feb 10, 2010 5:05pm
Quoting zoogle
What would you think about something like this then:

During out of market hours for both currencies in a pair use RSI2 (eg. EURNZD @ 18GMT)
Bump up the RSI by one for each currency in the pair that is actively being traded (RSI3 for EURJPY @10GMT, AUDUSD @ 1600) (RSI4 for AUDJPY @ 1GMT, EURUSD @ 13GMT)
Yes.

But you do have to realise that brokers (especially ones that deal against you) are not stupid. If someone ever comes up with an EA or alike that wins consistently would have a significant impact on their buisness models. Meaning they would employ every technique under the sun to stop your EA.

What if the Scooby EMA20-EMA200-RSI(X) turns out to be a consistent long term market winner and > 1 Million people world-wide use it 24/5 ???????????????

Scoobs.
  • #5,685
  • Feb 10, 2010 5:10pm Feb 10, 2010 5:10pm
Quoting scooby-doo
Yes.

But you do have to realise that brokers (especially ones that deal against you) are not stupid. If someone ever comes up with an EA or alike that wins consistently would have a significant impact on their buisness models. Meaning they would employ every technique under the sun to stop your EA.

What if the Scooby EMA20-EMA200-RSI(X) turns out to be a consistent long term market winner and > 1 Million people world-wide use it 24/5 ???????????????

Scoobs.

What can they do???
  • #5,686
  • Feb 10, 2010 5:16pm Feb 10, 2010 5:16pm
Quoting Elovv
What can they do???
1. Look for EA patterns and tell you to stop running it.
2. Wait for you to open trades and then widen the spread.
3. Increase/decrease overnight swap rates.
4. Use their market reserves to temporarily move the market to your SL.
5. Requotes.
6. Offquotes.
7. Increase slippage.
8. Drop your connection.

Scoobs.
  • #5,687
  • Feb 10, 2010 5:36pm Feb 10, 2010 5:36pm
9: send a spike that wipes out your trades in an instant or, if trading without a stop loss a la KG Range, the entire account. Eglobal did this to Currymonster.

  • #5,688
  • Feb 10, 2010 5:38pm Feb 10, 2010 5:38pm
And people still think 2 stage (ECN) trading is a good thing?

  • #5,689
  • Feb 10, 2010 5:51pm Feb 10, 2010 5:51pm
Quoting SteveHopwood
9: send a spike that wipes out your trades in an instant or, if trading without a stop loss a la KG Range, the entire account. Eglobal did this to Currymonster.

Did he appeal Steve ?

If a regulated broker is found to have done that then they can lose their broker's licence.

Scoobs.
  • #5,690
  • Feb 10, 2010 5:55pm Feb 10, 2010 5:55pm
Quoting SteveHopwood
9: send a spike that wipes out your trades in an instant or, if trading without a stop loss a la KG Range, the entire account. Eglobal did this to Currymonster.

So basically we retail traders are screwed. Trade with a SL they will hunt and spike it; trade without a SL and they will spike until you get margin out. Tell me again why we are banging our heads to try and develop an EA or plan to trade? The successful trader with the multi-million dollar homes, yachts, fancy cars, trophy wife / GF is just that, a dream.
  • #5,691
  • Feb 10, 2010 5:58pm Feb 10, 2010 5:58pm
Quoting scooby-doo
Did he appeal Steve ?

If a regulated broker is found to have done that then they can lose their broker's licence.

Scoobs.
He got nowhere with them - he started a thread about it here at FF. CM and I are buddies and he reads these posts, so he will post a link to the thread.

Basically, they ignored him. Being a Greek (I think) broker, they appear to be above the law. I have a tiny account with them to try out live my strategiesea's because they offer cheap pips. I wouldn't trust them with more than a (very) few hundred dollars.

  • #5,692
  • Feb 10, 2010 5:59pm Feb 10, 2010 5:59pm
Quoting fxtrader2k7
So basically we retail traders are screwed. Trade with a SL they will hunt and spike it; trade without a SL and they will spike until you get margin out. Tell me again why we are banging our heads to try and develop an EA or plan to trade? The successful trader with the multi-million dollar homes, yachts, fancy cars, trophy wife / GF is just that, a dream.
Calm down.

He was probably using a too high lotsize for his account and over leveraged.

My recommendation would be....

- 1 Trades = AccountBalance() / 10000
- 2 Trades = AccountBalance() / 20000
- 3 Trades = AccountBalance() / 30000
- 4 Trades = AccountBalance() / 40000
- 5 Trades = AccountBalance() / 50000
- 6 Trades = AccountBalance() / 60000

etc etc

Scoobs.
  • #5,693
  • Feb 10, 2010 6:01pm Feb 10, 2010 6:01pm
Quoting SteveHopwood
He got nowhere with them - he started a thread about it here at FF. CM and I are buddies and he reads these posts, so he will post a link to the thread.

Basically, they ignored him. Being a Greek (I think) broker, they appear to be above the law. I have a tiny account with them to try out live my strategiesea's because they offer cheap pips. I wouldn't trust them with more than a (very) few hundred dollars.

o my god, who in their right mind would open an account with a Greek broker.

  • #5,694
  • Feb 10, 2010 6:03pm Feb 10, 2010 6:03pm
Quoting scooby-doo
1. Look for EA patterns and tell you to stop running it.
2. Wait for you to open trades and then widen the spread.
3. Increase/decrease overnight swap rates.
4. Use their market reserves to temporarily move the market to your SL.
5. Requotes.
6. Offquotes.
7. Increase slippage.
8. Drop your connection.

Scoobs.
9. Invalid Prices when an order is placed as a major move is unfolding in your favour
10. Ghost Trades
11. Your PROFITABLE trades only closing prematurely well before your set tp.
  • #5,695
  • Feb 10, 2010 6:10pm Feb 10, 2010 6:10pm
Quoting scooby-doo
o my god, who in their right mind would open an account with a Greek broker.

Me, for one. Mind, their cent account allows very small trades and £50 still buys a fair few dollars.

  • #5,696
  • Feb 10, 2010 6:13pm Feb 10, 2010 6:13pm
Quoting SteveHopwood
Me, for one. Mind, their cent account allows very small trades and £50 still buys a fair few dollars.

It could be worse, it could have been a Cyprus broker.

They are known for being the ultimate criminals.

Scoobs.
  • #5,697
  • Feb 10, 2010 6:21pm Feb 10, 2010 6:21pm
Quoting scooby-doo
It could be worse, it could have been a Cyprus broker.

They are known for being the ultimate criminals.

Scoobs.
Hehe. Actually, I have this problem with names. It is a genuine problem. I am capable of looking at a kid I have been teaching for years and forgetting what she is called, briefly.

I have the habit of writing the names of new pupils somewhere discreet so I can read it when I can't remember their names - saves the embarrassment of having to ask their name half-way through the lesson.

The point of all this? I can easily get Greece and Cyprus mixed up - Greek and Turkish Cypriots and all that.

eglobal are Cyprus based.
  • #5,698
  • Feb 10, 2010 6:22pm Feb 10, 2010 6:22pm
Quoting fxtrader2k7
So basically we retail traders are screwed. Trade with a SL they will hunt and spike it; trade without a SL and they will spike until you get margin out. Tell me again why we are banging our heads to try and develop an EA or plan to trade? The successful trader with the multi-million dollar homes, yachts, fancy cars, trophy wife / GF is just that, a dream.

I just want a trophy GF - similar to the one Scooby has! Curious to see how many are trading this session, and if there are any any measurable differences. For fun, I let my original demo run; as of 7:20 EST (Washington DC), I have four trades open, and all in DD. Just enjoying the posts; thanks again Scooby & Steve!
  • #5,699
  • Feb 10, 2010 6:27pm Feb 10, 2010 6:27pm
Beats the telly, doesn't it?
  • #5,700
  • Feb 10, 2010 6:27pm Feb 10, 2010 6:27pm
Quoting SteveHopwood
Hehe. Actually, I have this problem with names. It is a genuine problem. I am capable of looking at a kid I have been teaching for years and forgetting what she is called, briefly.

I have the habit of writing the names of new pupils somewhere discreet so I can read it when I can't remember their names - saves the embarrassment of having to ask their name half-way through the lesson.

The point of all this? I can easily get Greece and Cyprus mixed up - Greek and Turkish Cypriots and all that.

eglobal are Cyprus based.
You couldnt make this stuff up. I am not going to tell anyone on my trading floor because they will all die laughing. Its common knowledge that Cyprus brokers are the real deal criminals.

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