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scooby-doo BOJ JPY pairs trading robot

  • #6,221
  • Feb 16, 2010 11:58am Feb 16, 2010 11:58am
Quoting octomanoak

Did anyone else get this stop loss on Original Bot?

Losing trade opened February 15 at 22:59 GMT and closed at stop loss February 16 at 15:47 GMT.

Hedging kicked in with first hedging trades opened February 16 at 8:15 GMT.
Yeah, I also took the hit live at both Forex.com UK and Go Markets, so it wasn't a broker issue.
  • #6,222
  • Feb 16, 2010 12:00pm Feb 16, 2010 12:00pm
Quoting zznbrm
Well, then I guess you need to follow dinofx since he "easily knew where prices are going" today!!!!!!
  • #6,223
  • Feb 16, 2010 12:13pm Feb 16, 2010 12:13pm
Quoting scooby-doo
Using MTF's wouldnt have matterd in this case.

There are certain things you cant build into an EA, this just highlights that fact.

Things often occur outside of the basic FFCAL scheduled economic news.

Sudden bond movement (not this time) is a problem for any trading floor.

Hedge funds played a big part in what happend today. Again, not something you can code into an EA.

Like all traders, sometimes you have to accept loses. If you cant bring yourself to understand that then FOREX is not the place to be delving into.

Scoobs.

PS....

The notion that losses are going to happen to you, frees your mind of that psychological fear that screws good strategies and empower the trader to keep going, to polish his money management and look for more pips.

To me, that is one the best teaching that this whole thread gives.
Also the bots, the knowledge, etc, etc..

Best regards,
  • #6,224
  • Feb 16, 2010 12:26pm Feb 16, 2010 12:26pm
Quoting Chip4Pips
Yeah, I also took the hit live at both Forex.com UK and Go Markets, so it wasn't a broker issue.
My two FXDD demos got clobbered too. As scooby suggested if the big boys are making apower play there'snot much you can do about it except maybe have good stops and step back until the dust settles.
  • #6,225
  • Feb 16, 2010 12:31pm Feb 16, 2010 12:31pm
Personally a system that appears to lose too infrequently would make me very suspicious, either it is equivalent of selling options all the time (lots of submarined risk) or is unrealistic or faked.
  • #6,226
  • Feb 16, 2010 12:44pm Feb 16, 2010 12:44pm
Quoting dinofx
here is mine with TCF2 : 14 %

always tweaking the best settings

Alpari UK Demo, From Sunday start balance of 7K to the moment

Maxoubot - upl: +9800
Scooby_EMARSI - upl: -2400

All defaults settings and in the case of the Maxoubot, incorrect lot size for the size of my demo account, although the dd not exceed 10%, except today, which touched 25% (Steve shirt protection on)

PS.: those lost trades on the Scooby happened today and is on it's way of recover.
  • #6,227
  • Feb 16, 2010 12:45pm Feb 16, 2010 12:45pm
I am grateful for the bollocks ea!
it protects your account - why?
I have not lost any --
you just have to wait until the courses are changing, you can not win every day!
when hedge works, then you can get out with profit from a trade if indeed the trend of hedge then reinforces the need to hedge it is best to purchase additional direction is looking at the daily chart the right course boarded. we trade courses and not pips. man can not lose with bollocks!
they try to only 20% of the monthly account to lift and it is possible to trade with consistent system! bollocks, they do not need to stop! only a good money management!
see my picture!
best regards
vienna
PS. I am not DEMO it is Realaccount!
Attached Image (click to enlarge)
Click to Enlarge Name: scooby doo dogs bollock ea.jpg Size: 182 KB
  • #6,228
  • Feb 16, 2010 12:47pm Feb 16, 2010 12:47pm
Quoting nubchai
My two FXDD demos got clobbered too. As scooby suggested if the big boys are making apower play there'snot much you can do about it except maybe have good stops and step back until the dust settles.
Sound advice and more true on live a/c
  • #6,229
  • Feb 16, 2010 1:14pm Feb 16, 2010 1:14pm
@Maxou888

Basket_507_058_509...

Why are you live a KG RS GROUP V1.1 indicator and take Stoch-Rsi indicator?

Seems to me that KG RS GROUP has had a better performace.
  • #6,230
  • Feb 16, 2010 2:12pm Feb 16, 2010 2:12pm
Left Max 508m on last night - currently down a whole bundle!!

Was working really well yesterday though. Seems like "one of those days"
  • #6,231
  • Feb 16, 2010 2:38pm Feb 16, 2010 2:38pm
Quoting scottik187
Left Max 508m on last night - currently down a whole bundle!!

Was working really well yesterday though. Seems like "one of those days"

Same here. I am hoping its 'one of them days'. Maybe back to normal after a day or 2.
  • #6,232
  • Feb 16, 2010 2:44pm Feb 16, 2010 2:44pm
see scoobs and the other guys posts re: hedges fund etc.
  • #6,233
  • Feb 16, 2010 2:54pm Feb 16, 2010 2:54pm
Quoting OmarSM
Alpari UK Demo, From Sunday start balance of 7K to the moment

Maxoubot - upl: +9800
Scooby_EMARSI - upl: -2400

All defaults settings and in the case of the Maxoubot, incorrect lot size for the size of my demo account, although the dd not exceed 10%, except today, which touched 25% (Steve shirt protection on)

PS.: those lost trades on the Scooby happened today and is on it's way of recover.
Which mode did you use for the Maxoubot?
  • #6,234
  • Feb 16, 2010 3:00pm Feb 16, 2010 3:00pm
Quoting Viv108
Same here. I am hoping its 'one of them days'. Maybe back to normal after a day or 2.
Dont bank on it.

Hedge funds have taken huge positions against the Euro. Only they will know when/if they will liquidate/consolidate/cash in etc.

If you happen to be on the right side of the trades, then , if not then...........

Scoobs.
  • #6,235
  • Feb 16, 2010 3:27pm Feb 16, 2010 3:27pm
Quoting octomanoak
Attachment

Did anyone else get this stop loss on Original Bot?

Losing trade opened February 15 at 22:59 GMT and closed at stop loss February 16 at 15:47 GMT.

Hedging kicked in with first hedging trades opened February 16 at 8:15 GMT.
Hi octomanoak,
Do you have more details about these transactions? Open/close times in particular. I'd like to analyze them and see if it is worthwhile to cut trades even if they are in drawdown after a certain amount of time.
  • #6,236
  • Feb 16, 2010 3:49pm Feb 16, 2010 3:49pm
Quoting scooby-doo
Dont bank on it.

Hedge funds have taken huge positions against the Euro. Only they will know when/if they will liquidate/consolidate/cash in etc.

If you happen to be on the right side of the trades, then , if not then...........

Scoobs.
Scooby if the professionals see a big move in the Euro will they automatically go flat on any impacted positions? I suppose some moves might be leaked so you could get out before the mob.
  • #6,237
  • Feb 16, 2010 3:52pm Feb 16, 2010 3:52pm
Quoting octomanoak
Attachment

Did anyone else get this stop loss on Original Bot?

Losing trade opened February 15 at 22:59 GMT and closed at stop loss February 16 at 15:47 GMT.

Hedging kicked in with first hedging trades opened February 16 at 8:15 GMT.
Yup, looks familiar - my own test bot results on Alpari UK
Attached Image (click to enlarge)
Click to Enlarge Name: BoJ_original_results.png Size: 19 KB
  • #6,238
  • Feb 16, 2010 4:02pm Feb 16, 2010 4:02pm
Quoting vienna
man can not lose with bollocks!
I never thought I would see a sentence like this in a Forex forum
  • #6,239
  • Feb 16, 2010 4:05pm Feb 16, 2010 4:05pm
Quoting nubchai
Scooby if the professionals see a big move in the Euro will they automatically go flat on any impacted positions? I suppose some moves might be leaked so you could get out before the mob.
1. Yes if they are potentially on the wrong side of the trade.
2. Some moves are leaked or can be fairly obvious to spot i.e. If you suddenly get large pending orders appear at IB levels outside of Economic news. 90% of the time markets are predictable and move in patterns. When these patterns become broken for no logical reason then you know something is about to happen or unfold.

Scoobs.
  • #6,240
  • Feb 16, 2010 4:22pm Feb 16, 2010 4:22pm
The BOJ is not interviening at the moment. This will be them waiting for orders at IB level to be removed and/or taken.

You may also find that the Bank of Tawain is further trying to devalue the Yen after todays antics.

Dont panic, there will be only one winner.

Scoobs.
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