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Attachments: scooby-doo BOJ JPY pairs trading robot
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scooby-doo BOJ JPY pairs trading robot

  • #6,661
  • Feb 24, 2010 1:56am Feb 24, 2010 1:56am
Quoting charvo
Hi, Steve, this idea is great, and applied comprehensively in electronic trading.

i roughly remember, actually Zoogle's version of scooby 20/200ema, 3rsi, EA is using similar idea. and so it is with Maxou's EA.

the only thing: 7 days average seems long. maybe try 1~3 days first.
Ok, I will wait for other suggestions before actually coding this. Cheers.

  • #6,662
  • Edited 2:17am Feb 24, 2010 2:04am | Edited 2:17am
Quoting SteveHopwood
I received this in a pm earlier, from ad2008
[color=Blue] *Hi Steve,*


*I trade live Scoob original since 2 weeks and so far no complain, but it will save occationally 10% Loss, if we can change the SL rules based on volatility-based exits instead of "fixed 10% SL".
*

*Proposal to improve Exit Signals for Scoob Original v2.3*...
Not so sure ...

As I understand it BoJ intervention is like a switch. If BoJ intervenes you make a profit, if they don't you have a good chance of hitting SL - Scooby will correct if I am wrong.

That said, the volatility of the market during the days past will have very little influence on whether BoJ intervene or not. Short of having a BoJ trader text you and tell you when/if BoJ will intervene, there is probably no way of knowing.

So we are stuck with the occasional SL. It seems a better idea to me to work on reducing the damage done to the account when that trade is a loser rather than trying to out guess BoJ.

Just my $0.01 cents worth.
  • #6,663
  • Feb 24, 2010 2:50am Feb 24, 2010 2:50am
Quoting SteveHopwood
I received this in a pm earlier, from This is easy to code. What do the rest of you think about the idea?

You can use this one.
There is 2 ADR :
- normal
- Dynamic
Attached File(s)
File Type: mq4 ADR.mq4   1 KB | 317 downloads
  • #6,664
  • Feb 24, 2010 3:20am Feb 24, 2010 3:20am
Quoting macman
Not so sure ...

As I understand it BoJ intervention is like a switch. If BoJ intervenes you make a profit, if they don't you have a good chance of hitting SL - Scooby will correct if I am wrong.

That said, the volatility of the market during the days past will have very little influence on whether BoJ intervene or not. Short of having a BoJ trader text you and tell you when/if BoJ will intervene, there is probably no way of knowing.

So we are stuck with the occasional SL. It seems a better idea to me to work on reducing the damage done to the...
This is correct.

You have no way of knowing if/when/size of their intervention. One day they could turn on/off the switch for 10 minutes, 30 minutes, 2 hours etc.

You could take an average but it could well end up being miss-leading.

Personally, if you havent been able to make a profit in the Tokyo session then i would cut the trades with a loss rather than waiting for the next session to come around.

Scoobs.
  • #6,665
  • Feb 24, 2010 3:21am Feb 24, 2010 3:21am
Quoting maxou888
You can use this one.
There is 2 ADR :
- normal
- Dynamic
Cheers Max; that saves me some thought.

I have copied this into the robot in case the consensus is that this is a good idea. I want the code in any case, should it turn out to be useful elsewhere.

Thanks.

  • #6,666
  • Feb 24, 2010 3:48am Feb 24, 2010 3:48am
Quoting SteveHopwood
I received this in a pm earlier, from ad2008
[color=Blue] *Hi Steve,*


*I trade live Scoob original since 2 weeks and so far no complain, but it will save occationally 10% Loss, if we can change the SL rules based on volatility-based exits instead of "fixed 10% SL".
*

*Proposal to improve Exit Signals for Scoob Original v2.3*...
hi Steve,
if we watch the general move on a large timeframe (ie month or year),most pairs are bouncing inside their w1 regression channel. So, d1 can be considered either too high or too small, better adr based on h4 to my point of view.
  • #6,667
  • Feb 24, 2010 3:49am Feb 24, 2010 3:49am
Quoting scooby-doo
This is correct.

You have no way of knowing if/when/size of their intervention. One day they could turn on/off the switch for 10 minutes, 30 minutes, 2 hours etc.

You could take an average but it could well end up being miss-leading.

Personally, if you havent been able to make a profit in the Tokyo session then i would cut the trades with a loss rather than waiting for the next session to come around.

Scoobs.
Thanks for the helpful confirmation.

I am testing using a trade manager which will partially close a position in loss. For example if your position goes negative by say 50 pips, 50% of your position is closed, 75 pips negative another 25% etc.

Will post if results looks usable.
  • #6,668
  • Feb 24, 2010 4:26am Feb 24, 2010 4:26am
I think I will try to keep a note of suggestions for unsuccessful BOJ Original trade exits. So far we have:

 

  1. Coded:

    1. basket hits stop loss at BasketStopLossPercentage
    2. time limit exits

  2. Suggested:

    1. ADR - D1 or H4
    2. partial trade closure - exactly when and what to do about the remaining open trades needs consideration
    3. closing the trades after Tokyo closes - but then what do we do about open buy baskets

  • #6,669
  • Feb 24, 2010 4:50am Feb 24, 2010 4:50am
Quoting SteveHopwood
I think I will try to keep a note of suggestions for unsuccessful BOJ Original trade exits. So far we have:

 

  1. Coded:

    1. basket hits stop loss at BasketStopLossPercentage
    2. time limit exits

  2. Suggested:

    1. ADR - D1 or H4
    2. partial trade closure - exactly when and what to do about the remaining open trades needs consideration
    3. closing the trades after Tokyo closes - but then what do we do about open buy baskets

Hey Steve,

For v2.4 could we have separate buy and sell expiry timers ? (mentioned before but slipped off the radar)

Cheers,

getdown71
  • #6,670
  • Feb 24, 2010 4:57am Feb 24, 2010 4:57am
Quoting SteveHopwood
....[*]Suggested:

  1. ADR - D1 or H4
  2. partial trade closure - exactly when and what to do about the remaining open trades needs consideration
  3. closing the trades after Tokyo closes - but then what do we do about open buy baskets

[/list]

Personally:

I favour using H4 ADR.
I don't like partial close. It's either total close or leave it.
If buy/sell trades go into Europe / London session, i suggest close all floating positions within 1st two hours of London session.

Just my tiny little observation. Hope it helps.
福 子 Victor V
  • #6,671
  • Feb 24, 2010 5:07am Feb 24, 2010 5:07am
I think I will try to keep a note of suggestions for unsuccessful BOJ Original trade exits. So far we have:

 

  1. Coded:

     

    1. basket hits stop loss at BasketStopLossPercentage
    2. time limit exits

  2. Suggested:

     

    1. ADR - D1 or H4
    2. partial trade closure - exactly when and what to do about the remaining open trades needs consideration
    3. closing the trades after Tokyo closes - but then what do we do about open buy baskets? Suggestions:

       

      1. separate time limits for buy and sell baskets
      2. close Buy baskets within 2 hours of London opening



  • #6,672
  • Feb 24, 2010 5:16am Feb 24, 2010 5:16am
Quoting camvcvoo
Personally:

I favour using H4 ADR.
I don't like partial close. It's either total close or leave it.
If buy/sell trades go into Europe / London session, i suggest close all floating positions within 1st two hours of London session.

Just my tiny little observation. Hope it helps.
+1
  • #6,673
  • Feb 24, 2010 5:54am Feb 24, 2010 5:54am
Steve,
I was looking through some past post and came across this from ad2008

GBP/JPY can move "by nature" without warning 400-800pips almost every 3-6 Months each years.(3 Years manual trading on GJ).

Just reviewing BOJ Range-bound Strategy we are using now, BOJ OS/OB intervention everydays strategy had reached its limit------ "BOJ intervention Range limit"-----, means BOJ will only intervence the Yen if BOJ can beat the Market (Volume), if not BOJ will let the GJ drop 400-800pips in a week time.(Reuters had reported 2 days ago, that BOJ was not interventing the Yen Strengths).

==Scooby, if there are any clue to guess "BOJ daily Intervention range limit" to set our Filter ?, e.g. Toyota Yen Option/future level ?

Not sure if it was ever explored ... not as an exit but to see if the likelihood of BOJ Intervention which is crucial to the Original 2.3 . . . without the BOJ the bot will be like the Original 24hr 3.7 which has been tabled because of poor performance
  • #6,674
  • Feb 24, 2010 5:59am Feb 24, 2010 5:59am
Quoting sundog
At the moment the unsung hero of the moment is Zoogle, his version has closed 28 trades with 26 wins and 2 losses, for 707 pips.

Congrats and thanks Zoogle.

After the above post, I have had a few p.m.'s Everything was default with the exception of the gmt shift.

Since I posted that, its closed out another 6 trades with a 2 win and 4 loss ratio. I have 7 floating, 6 in the red. The positive pips are 400+

I have tried to set up Steves Multi purpose trade manager to work, however it seems that it only works with the pair which matches the chart it is on.. i.e. audusd pairs with the magic number inputted into the MMTM. Has anyone any experience with this.?

Cheers.
  • #6,675
  • Feb 24, 2010 6:23am Feb 24, 2010 6:23am
Does anyone have an indi that will just show the spread of all pairs

I'd like to filter out some of the pairs in Zoogles and Scoobs holy grails

If Not when I find ti I'll post it
Thanks
  • #6,676
  • Feb 24, 2010 6:38am Feb 24, 2010 6:38am
Quoting dryclean
Does anyone have an indi that will just show the spread of all pairs

I'd like to filter out some of the pairs in Zoogles and Scoobs holy grails

If Not when I find ti I'll post it
Thanks
Try this
Attached File(s)
File Type: ex4 MultiPairSpreadMonitor.ex4   25 KB | 284 downloads
  • #6,677
  • Feb 24, 2010 6:44am Feb 24, 2010 6:44am
Quoting sundog
After the above post, I have had a few p.m.'s Everything was default with the exception of the gmt shift.

Since I posted that, its closed out another 6 trades with a 2 win and 4 loss ratio. I have 7 floating, 6 in the red. The positive pips are 400+

I have tried to set up Steves Multi purpose trade manager to work, however it seems that it only works with the pair which matches the chart it is on.. i.e. audusd pairs with the magic number inputted into the MMTM. Has anyone any experience with this.?

Cheers.
sundog,

If you want to manage all open trades as a group there are a couple of ways to do it with MPTM. If you select "Manage all trades" and enter a $ amount of $300 for example under Global Order Closure then if the profit from all open trades hits $300 all orders willbe closed. This works great if you only have trades from 1 ea running.

If you have several eas running and want to close only the Zoogle trades then you can mangage the trades by trade comment. So you would tick off Manage by Trade Comment at the top, then enter the specific trade comment in the next box e.g. Zoogle (or whatever). Again you could enter a profit target in $ or % under Global Order Closure. When allofthe Zoogle trades as a grouphit the profit target only they will be closed.

If you select the second method be sure to make sure that "Manage All Trades" is not also ticked. This option over rides allothers.

There is a whole section on managing basket trades but I found the above methods fast and easy. Steve's mptm is the best trade managerout there imo.

Sandy
  • #6,678
  • Feb 24, 2010 6:45am Feb 24, 2010 6:45am
Quoting dryclean
Steve,
I was looking through some past post and came across this from ad2008

[color=purple]GBP/JPY can move "by nature" without warning 400-800pips almost every 3-6 Months each years.(3 Years manual trading on GJ).

Just reviewing BOJ Range-bound Strategy we are using now, BOJ OS/OB intervention everydays strategy had reached its limit------ "BOJ intervention Range limit"-----, means BOJ will only intervence the Yen if BOJ can beat the Market (Volume), if not BOJ will let the GJ drop 400-800pips in a week time.(Reuters had reported 2 days...
I did nothing about it because I did not understand it. Still don't. Sorry.

  • #6,679
  • Feb 24, 2010 7:38am Feb 24, 2010 7:38am
Quoting nubchai
sundog,

If you want to manage all open trades as a group there are a couple of ways to do it with MPTM....
Sandy
Thanks for that, yeah I have tried the trade comment route, the trouble being is that Zoogles comments have a different suffix. May hap I'll have to open another demo purely for his EA. Trouble being is Im running out of computing power. Again, thanks, I'll persevere.
  • #6,680
  • Feb 24, 2010 8:03am Feb 24, 2010 8:03am
what i don't like with rsi is that is too nervous. As trades are taken and closed by OB/OS levels, it's like playing with a random ball.
So, watching price action and rsi, i've added on chart LaguerreRsi with its 0.15 & 0.75 levels, and concluded that these 2 indics might be linked before sending orders.

Translation:
valid open buy && close sell: both rsi <= OS && Lrsi <= 0.15
valid open sell && close buy: both rsi >= OB && Lrsi >= 0.75
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