How about the extreme ea in the meantime? Any results?
Best regards!
Best regards!
scooby-doo BOJ JPY pairs trading robot
- #6,703
- Feb 24, 2010 1:24pm Feb 24, 2010 1:24pm
- | Joined Apr 2008 | Status: Trader | 1,114 Posts
Just to clarify a note per the other thread. I do have mine running on m1, as I was unable to locate info about this bot and for what timeframe it's meant to be placed on. I assumed it didn't really matter, as it uses rsi for higher timeframes, but not positive. At least it's running and taking trades, that's all that concerned me at this stage of testing 
- #6,710
- Feb 24, 2010 4:23pm Feb 24, 2010 4:23pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
To me the one that seems most broker-dependent from my own testing right from when this thread started and also observing and comparing others' results, is the Original BOJ. For some people it is working very well live. For others it seems to work well on demo, but not on live. And for others it does not seem to work well on either. Personally, this has led me to be cautious about using this one myself live - even though the underlying method and coding are probably the most rigorous of all the bots in this thread.
And yet, others report success with their live ibfx accounts.
Strange.
to Scoobs and Steve and all the others!- #6,712
- Feb 24, 2010 4:39pm Feb 24, 2010 4:39pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
3, High Impact.
Version 2.3 will simply close all trades - eventual winners as well as losers after a settable time delay - which may not be profitable longer term ... IMHO Attached is record so far ...
But judging by the mixed bag of results with different Brokers, it could be like pi**ing in the wind! We'll see.
Thanks Macman. Yes I know how 2.3 works with the Trade Expiry settings. After 2 months of demo testing (not a long time I know) I am going to try an expiry time of 5 hours and see how that works.
But judging by the mixed bag of results with different Brokers, it could be like pi**ing in the wind! We'll see.
My concern is that by using a cut off time some of the past winners would have ended up as losers, so turning all the past results into nonsense ...
Not a great starting point from which to go live IMHO - and you did say you were going live
- #6,718
- Feb 24, 2010 5:27pm Feb 24, 2010 5:27pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
No worries and thanks for your advice. It's true, some winners but not many. From my results, if using a 5 hour cut-off time, from a total of 79 trades, 4 winners would have been missed, but more importantly (as a losing trades pip amount far outweighs a winning trades pip amount) 4 losers would have been cut short for a substantially smaller loss.
Also, just because the trades are closed after X number of hours, that doesn't mean they are going to necessarily close in a negative. The trades could close in positive territory, partly on the way to...
For sure, he is still nagging privately about adding differential expiry times for buy and sell baskets.
Was that you, Nick? Are you still using time limits on the trades?
- #6,720
- Feb 24, 2010 6:22pm Feb 24, 2010 6:22pm
Playng from memory, I am fairly sure it was getdown who first posted about using mptm to cut trades short after a certain period, and saying that this had cut the number of big losers down a lot, or something like that. This is why there is the trade expiry time feature in 2.3.
For sure, he is still nagging privately about adding differential expiry times for buy and sell baskets.
Was that you, Nick? Are you still using time limits on the trades?
Yes, I'm using trade exit time limits. 5 hours as well.
Does anyone have stats on buys and sells for BOJ since the beginning. From this we can data mine what are the optimal buy expiry and sell expiry times.
My gut feel/observations is "buys" happen a lot quicker, so therefore the expiry time is shorter.
My suggestions for timers;
Buy = 150 minutes
Sell = 300 minutes