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scooby-doo BOJ JPY pairs trading robot

  • #7,041
  • Mar 3, 2010 3:50am Mar 3, 2010 3:50am
Quoting tazmaan
Steve,
Is the latest account history ea you have posted on this thread the most recent?
I dropped it on my eglobal demo running grail 1.6 and now invisible's bot, but the pip count is way off. Can you verify on yours that the pipcount shown actually matches the pips made? Or maybe the one attached to this thread isn't the latest working one?
Thanks
The coding logic was up the pole.

This one appears to work properly; it also leaves expired pendings out of the calculations.

Attached File(s)
File Type: mq4 History analysis.mq4   11 KB | 375 downloads
  • #7,042
  • Mar 3, 2010 4:12am Mar 3, 2010 4:12am
Thanks steve, all good now.
  • #7,043
  • Mar 3, 2010 4:32am Mar 3, 2010 4:32am
There is a very good article in March 2010 edition of Investment Times.

It asks the question, could we see UK tax rates rise back to the level in 1975 where any income of over £20,000 was taxed at 98%, I kid you not.

Back in 1975 the national debt was 46 Billion or 43.8% of GDP. Today it is around 1,000 Billion or 71.9% of GDP.

Whoever wins the next general election in the UK is going to have to raise NI and Tax too staggering levels.

Dont think I will be returning back to the UK for the next 100 years or so.

Scoobs.
  • #7,044
  • Mar 3, 2010 4:45am Mar 3, 2010 4:45am
I have added stop and reverse trading to the ADR_OB_OS robot. Details in post 1.

This was much more complicated to code that I imagined it would be. I have spent recent days in a permanent logic fuzz. There will be bugs.

  • #7,045
  • Mar 3, 2010 5:40am Mar 3, 2010 5:40am
Hi Steve,

Thanks for the voucher.

All those alerts on my demo account were driving me mad, so I have applied the "ShowAlerts" functionality from one of your previous robots (can't remember which, must have been one of the few you have dropped recently).

Hope someone finds it useful.
Attached File(s)
File Type: zip scooby-doo trading robots with ShowAlerts.zip   46 KB | 365 downloads
  • #7,046
  • Mar 3, 2010 6:38am Mar 3, 2010 6:38am
Thanks for the insights, guys. I am going to revisit the results as it seems that there may be pairs that are not pulling their weight. On the other hand, some trades run quite a decent amount so it may work out for pairs like EURCHF after all. Thus far no complaints. Not quite at 20% yet, but still not at 1 week.....
  • #7,047
  • Edited 7:16am Mar 3, 2010 7:04am | Edited 7:16am
Quoting scooby-doo
There is a very good article in March 2010 edition of Investment Times.

It asks the question, could we see UK tax rates rise back to the level in 1975 where any income of over £20,000 was taxed at 98%, I kid you not.

Back in 1975 the national debt was 46 Billion or 43.8% of GDP. Today it is around 1,000 Billion or 71.9% of GDP.

Whoever wins the next general election in the UK is going to have to raise NI and Tax too staggering levels.

Dont think I will be returning back to the UK for the next 100 years or so.

Scoobs.
I recently heard the UK economy likened to a giant Ponzi scheme based on ever increasing property values .... hmmm
  • #7,048
  • Mar 3, 2010 7:52am Mar 3, 2010 7:52am
Quoting charvo
Do you trade those eurchf, euraud, audnzd ... and so on in your live trading?
or do you think they are worthy to trade?
All pairs are worthy to trade under the right conditions.

In the EA I've been working on (similiar to what Scooby and Steve are doing), I mostly use the JPY and USD pairs. Occasionally, some others like GBPCHF, EURGBP. It depends on the spread and the volatility.

AUDNZD - The spread is really bad and the ADR is quite low. Only long-term trading of this pair for me.

EURCHF - Good spread, very low ADR. Under the right conditions, this can be very much worth it.

I try to keep tight SL and strive for a 1:2 or 1:2.5 Risk/Reward ratio. So, the lower the spread/commissions, the better.
  • #7,049
  • Mar 3, 2010 9:20am Mar 3, 2010 9:20am
Quoting Invisible
Thanks for the insights, guys. I am going to revisit the results as it seems that there may be pairs that are not pulling their weight. On the other hand, some trades run quite a decent amount so it may work out for pairs like EURCHF after all. Thus far no complaints. Not quite at 20% yet, but still not at 1 week.....
That's fantastic Invisible. Every credit to you. Keep on keeping on!
  • #7,050
  • Mar 3, 2010 9:30am Mar 3, 2010 9:30am
I have had a look at the results so far. I will not post all the details here, but all of the 12 pairs were in overall profit. EURCHF was at the lower end, but on the other hand it beat GBPUSD, which you would think with its lower spread would have done better.

So, my conclusion at the present time is that there is no good evidence to pull a particular pair: All are profitable, and on the other hand the period of testing is way too short to draw any meaningful conclusions about any particular pair's suitability.

On a different note, the average profit trade figure is almost exactly the same as the average loss trade figure. On the other hand, the winning percentage is still stable around the 85% level. So these are very encouraging figures if they can be maintained.

Finally, the two variants I have been testing are not producing the benefits I thought that they would. However, I now have a different idea for an additional variant which I will put together and start running today. So currently the original mod of the Scooby bot is the winner.

EDIT:

Remember this is Scooby's bot with my slight modifications. Perhaps I have stumbled across a really good combination of criteria, but please remember that Scooby put the code together and little ol' me has just hacked it around a bit with surprisingly positive results.
  • #7,051
  • Mar 3, 2010 10:21am Mar 3, 2010 10:21am
Quoting scooby-doo
Doing really well, I will post the results on Friday.

No losing trades thus far.

Scoobs.

Hey.. will you be able to post the ea at some stage too so we can have a look?
  • #7,052
  • Mar 3, 2010 10:24am Mar 3, 2010 10:24am
Quoting Viv108
Hey.. will you be able to post the ea at some stage too so we can have a look?
NO.

You can buy it on ebay for £0.99

Scoobs.
  • #7,053
  • Mar 3, 2010 10:37am Mar 3, 2010 10:37am
Just a quick report, in less than 1 day's trading using the bot as-is (without MPTM or Charvo's mod) I have not had a losing trade with an overall gain of 3.01%, after factoring out the multiple trades because I had the EA on multiple charts.

I also forgot to include the "economic news" indy in the MT4 platform. So these trades occurred without the news filter. Although I did not get any errors in the journal or expert tabs indicating a failed call to the indy.
  • #7,054
  • Edited 11:04am Mar 3, 2010 11:03am | Edited 11:04am
Quoting octomanoak
Just a quick report, in less than 1 day's trading using the bot as-is (without MPTM or Charvo's mod) I have not had a losing trade with an overall gain of 3.01%, after factoring out the multiple trades because I had the EA on multiple charts.

I also forgot to include the "economic news" indy in the MT4 platform. So these trades occurred without the news filter. Although I did not get any errors in the journal or expert tabs indicating a failed call to the indy.
My results for the Invisible EA so far are:

Ea without mptm 2.2% gain since starting the demo yesterday afternoon. No losing trades

Ea with mptm 2.9% gain since yesterday afternoon. No losing trades.

I have the economic news indicator loaded.


Sandy

P.S. This one is a keeper
  • #7,055
  • Edited 11:24am Mar 3, 2010 11:13am | Edited 11:24am
The issue with the original/invisible/my/ version of scooby.mq4 seems obvious:

it exits on Period_1H timeframe, that is, on 1Hour timeframe, if rsi(3) reach 30 or 70, the EA will exit the short or long positions. fundamentally, this is sound; however, the real world exiting may be far more finetuned, because it seems to often exit premature (profit could've been larger).

As a result, when you win, you win x% for a few days or even within 1 day. but suddenly 1 trade's loss may wipe all profit. this DAY is not that often seen, maybe once per month. that's bad enough.

A very simple measure may be used to deal with this issue is add a price action routine. e.g. if previous 15min bar is a bullish bar, then we DO NOT exit this long position now. I guess this will be helpful, but I have not tried on Scoob's EA yet.

Anyway, we know that scooby.mq4 is Scooby's early effort and may not be well-refined as his late Holy Grail series. my thoughts only give me sth to exercise my coding.

similar issue also exist for entry mechanism (if previous 5m or 15m bar is bearish, then we DO NOT enter long, wait for next bar), but not that serious as exiting.

BTW, this week's first 3 days so far has been ranging mostly, which suits the EA's appetite well. watch this Friday's non-farm news, maybe turn off the EA for that? and if next week the EA still outperforms, then we can be more sure of its potential, because i believe that next week might very likely be a crazy week.

Quoting octomanoak
Just a quick report, in less than 1 day's trading using the bot as-is (without MPTM or Charvo's mod) I have not had a losing trade with an overall gain of 3.01%, after factoring out the multiple trades because I had the EA on multiple charts.

I also forgot to include the "economic news" indy in the MT4 platform. So these trades occurred without the news filter. Although I did not get any errors in the journal or expert tabs indicating a failed call to the indy.
  • #7,056
  • Mar 3, 2010 11:15am Mar 3, 2010 11:15am
I am concerned that it seems like the news indicator may not be being called correctly on the Invisible Mod EA.... Can a real coder (ie not me hee hee!) take a look at the news code and see if it is OK or not?

BTW, I fully intend to drive the EA right through the NFP to try to make it crash. This is a great chance to do a stress test on this puppy.... on a demo account.
  • #7,057
  • Mar 3, 2010 11:22am Mar 3, 2010 11:22am
Quoting Invisible
I am concerned that it seems like the news indicator may not be being called correctly on the Invisible Mod EA.... Can a real coder (ie not me hee hee!) take a look at the news code and see if it is OK or not?

BTW, I fully intend to drive the EA right through the NFP to try to make it crash. This is a great chance to do a stress test on this puppy.... on a demo account.
The Scooby-Invisibles-Mod.mq4 EA does not use the news filter.
  • #7,058
  • Mar 3, 2010 11:23am Mar 3, 2010 11:23am
Quoting Invisible
I am concerned that it seems like the news indicator may not be being called correctly on the Invisible Mod EA.... Can a real coder (ie not me hee hee!) take a look at the news code and see if it is OK or not?

BTW, I fully intend to drive the EA right through the NFP to try to make it crash. This is a great chance to do a stress test on this puppy.... on a demo account.
Invisible, can you check your expert tab in the terminal to see if you're getting a message that the economic news is being read? Since I have no errors, I wonder if NOT having the indicator in my platform leads the compiler to toss out the code for the news indy when the EA is first compiled by MT4.
  • #7,059
  • Mar 3, 2010 11:24am Mar 3, 2010 11:24am
Quoting zznbrm
The Scooby-Invisibles-Mod.mq4 EA does not use the news filter.
Was it supposed to? There is some code pertaining to news. What is that code for?
  • #7,060
  • Mar 3, 2010 11:29am Mar 3, 2010 11:29am
Quoting octomanoak
Was it supposed to? There is some code pertaining to news. What is that code for?
Don't know, I did not write it. There is a function for the news check, but it is never called.

charvo noticed this when he added his news modification as he added code to actually call the news filter function.
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