scooby-doo BOJ JPY pairs trading robot | Page 293 | Forex Factory

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scooby-doo BOJ JPY pairs trading robot

  • #5,841
  • Edited 10:08am Feb 12, 2010 9:58am | Edited 10:08am
Having great fun here, testing these Bots.
Steve's Opposite Positions EA (not the V1) is up 22% within 60 hours of starting the test. http://www.talkgold.com/forum/images...112%5B1%5D.gif

And Scoobs EMA RSI is up 9% even though it's not functioning correctly. Not bad for a Bot that's not working properly! Scoobs are you planning to make any changes to the Economic News Indicator, or the RSI Indy for your Bot?
  • #5,842
  • Feb 12, 2010 11:17am Feb 12, 2010 11:17am
@ Steve

How is your KG Extremes with MPTM running on it going? I remember it was up 32% in a few days at the start of the week. How is it doing now?

I have just started this set up on an ATC demo. Good so far!

@ MacMan

How is it going with Scoob's own 3TF bot with Steve's MPTM managing trades? I remember it was 69 wins, 2BE and 1 loss earlier in the week. My test of the 3TF one has hit a few SLs in last few days, so is a little down on start equity. but I am not running it with the MPTM. Would be interested to hear your results, sir.
  • #5,843
  • Edited 1:41pm Feb 12, 2010 12:35pm | Edited 1:41pm
One week of running the bot without any intervention.Never seen so much green before.Three of the stop losses were for usddkk and one for cadjpy VERY NICE 17% profit
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  • #5,844
  • Feb 12, 2010 12:44pm Feb 12, 2010 12:44pm
Quoting harar
One week of running the bot without any intervention.Never seen so much green before.Three of the stop losses were for usddkk and one for cadjpy VERY NICE 16% profit

Can you post a detail statement, please?
  • #5,845
  • Feb 12, 2010 12:45pm Feb 12, 2010 12:45pm
I was wondering what the worsed case scenario was for this bot...

1) baskets hits TP no need to hedge
2) basket goes into drawdown you open hedge basket
-hedge hits allows you to BE
3) basket goes into drawdown you open hedge basket
-hedge goes into drawdown you open another hedge and so on

I guess whiplash will cause the high drawdown scenario? Would this be similar to a grid strategy then where you won't lose until you say so or your equity runs out?

Last week was probably good for this thing because of the high volatility and big breakouts

Jag
  • #5,846
  • Feb 12, 2010 12:52pm Feb 12, 2010 12:52pm
Quoting xman
Can you post a detail statement, please?
Here the rest of the history
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  • #5,847
  • Feb 12, 2010 12:54pm Feb 12, 2010 12:54pm
Open trade in minus?
How much?
  • #5,848
  • Feb 12, 2010 1:01pm Feb 12, 2010 1:01pm
Quoting harar
One week of running the bot without any intervention.Never seen so much green before.Three of the stop losses were for usddkk and one for cadjpy VERY NICE 16% profit
Out of all the XXXJPY pairs the CADJPY is probably the hardest to gauge. Japan is the largest importer of oil from Canada who are one of their biggest trading partners.

So, any significant price changes in oil has a big effect on this currency which can often go in a different direction to the other XXXJPY pairs.

It can also remain OB or OS for very long periods of time.

Scoobs.
  • #5,849
  • Feb 12, 2010 1:06pm Feb 12, 2010 1:06pm
Hi Steve

I hope I have not misunderstood the inputs for this bot (KG Extremes), but I have it set so close is 50/50. I understand that this means that if either currency returns to 50, then the trade should be closed.

Well I have been eye-balling a EURJPY trade where the JPY strength has crossed the 50, but the trade is still open. (This is on my ATC demo account). Is this a bug, or have I just misunderstood the settings.

Cheers

Invisible

UPDATE:

Ironically, the trade is shooting into positive territory, so if it is a bug, maybe it is a friendly one .
  • #5,850
  • Feb 12, 2010 1:06pm Feb 12, 2010 1:06pm
Quoting xman
Open trade in minus?
How much?
No open trades . Today I stopped the ea after the last take profit.
  • #5,851
  • Feb 12, 2010 1:14pm Feb 12, 2010 1:14pm
Quoting harar
No open trades . Today I stopped the ea after the last take profit.
Hm, I have run it a 3 days, profit 7%, but open trades are -9%.
  • #5,852
  • Feb 12, 2010 1:23pm Feb 12, 2010 1:23pm
Quoting scooby-doo
Out of all the XXXJPY pairs the CADJPY is probably the hardest to gauge. Japan is the largest importer of oil from Canada who are one of their biggest trading partners.

So, any significant price changes in oil has a big effect on this currency which can often go in a different direction to the other XXXJPY pairs.

It can also remain OB or OS for very long periods of time.

Scoobs.
Very valuable piece of information , Thanks
Next week I will run the ea again to see which pairs I should eliminate,.Usddkk and cadjpy are already in the list .Eurgbp remained open for three days before it hit profit.could be another problem pair
  • #5,853
  • Feb 12, 2010 1:27pm Feb 12, 2010 1:27pm
Quoting nubchai
Yes TCF v2 had quite a few trades last night. It wasn't trading for me earlier and I realized i had it on H1 charts. Changed to M15 and trades started firing.

I like this EA because it has several filters that seem to get it safely into good trades.

I'm also testing Scooby RS Simple entry. Takes more trades based on mtf rsis lining up but is like a robot on steroids.

One more week of testing and I will probably put TCF v2 on a live account.

Thanks Scooby!

Sandy,
What broker do you have it on? I've had it running all week and not a single trade still. On eglobal (figure i'd test it on demo there since steve uses them, but i'd never fund there live and on my vps.
Not a peep from it
  • #5,854
  • Feb 12, 2010 1:31pm Feb 12, 2010 1:31pm
Quoting harar
Very valuable piece of information , Thanks
Next week I will run the ea again to see which pairs I should eliminate,.Usddkk and cadjpy are already in the list .Eurgbp remained open for three days before it hit profit.could be another problem pair
Commodity currencies react differently.

For the JPY group I personally would eliminate the following:

CADJPY - Reacts to price of oil.
NZDJPY - Usually large spread and known for price spikes.

As for EURGBP, it is a cross pair and best for range trading because of the slight disparities between Eurozone and UK. Another one would be EURCHF.

Scoobs.
  • #5,855
  • Feb 12, 2010 1:45pm Feb 12, 2010 1:45pm
Quoting scooby-doo
Commodity currencies react differently.

For the JPY group I personally would eliminate the following:

CADJPY - Reacts to price of oil.
NZDJPY - Usually large spread and known for price spikes.

As for EURGBP, it is a cross pair and best for range trading because of the slight disparities between Eurozone and UK. Another one would be EURCHF.

Scoobs.
noted thanks
  • #5,856
  • Feb 12, 2010 1:45pm Feb 12, 2010 1:45pm
Scoobs,
Which of your EAs would you consider as being the best (amongst yours)? I have been running your 'scooby' off and on on demo. I am getting very good results. Less DD, closes losing trades fast and more profitable trades than losing ones.
Care to comment?

p.s. 'best' is not the right word. The right word is 'safe'.
  • #5,857
  • Feb 12, 2010 1:47pm Feb 12, 2010 1:47pm
Quoting vinesh
Scoobs,
Which of your EAs would you consider as being the best (amongst yours)? I have been running your 'scooby' off and on on demo. I am getting very good results. Less DD, closes losing trades fast and more profitable trades than losing ones.
Care to comment?

p.s. 'best' is not the right word. The right word is 'safe'.
Which EA you running, there are so many now even I am getting confused ?
  • #5,858
  • Feb 12, 2010 1:50pm Feb 12, 2010 1:50pm
plain scooby.

Posted by you on 5th Feb
  • #5,859
  • Feb 12, 2010 1:55pm Feb 12, 2010 1:55pm
See your post no. 5323
  • #5,860
  • Feb 12, 2010 1:57pm Feb 12, 2010 1:57pm
Quoting vinesh
plain scooby.

Posted by you on 5th Feb
My long term opinion would be the Scooby 20EMA-200EMA-RSI but only running it on the XXXJPY pairs.

It is very similiar to the manual methods I use for trading Yen pairs commercially.

Scoobs.

PS. What can go wrong is an attempt to devalue the Yen. These do happen but if you are sensible with lotsize and leverage then you will survive these when they do occur.
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