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scooby-doo BOJ JPY pairs trading robot

  • #7,061
  • Mar 3, 2010 11:32am Mar 3, 2010 11:32am
Hope some of you guys have followed TDI signals with EU H1, nice day
  • #7,062
  • Mar 3, 2010 11:41am Mar 3, 2010 11:41am
Quoting zznbrm
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.
Well that explains why I see no error for the news indy. Thanks zzbrm.
  • #7,063
  • Mar 3, 2010 11:42am Mar 3, 2010 11:42am
@ZZ

Would you be so good as to include a functioning news filter and also an input so we can toggle it off for testing?

@ Charvo

I am not as concerned about the exit as you are. My reasoning is that if the price has retraced against the trend and yet the 21EMA 34EMA and 100SMA are still in the right order for that trend at the time that 80 overbought or 20 oversold are hit on both H1 and M15, then although it may well go further overbought or oversold for a little way (causing some floating DD as we have seen), but it is still not likely to keep up at that move for a large distance, and will likely come back to either a small loss (when it closes at 70 or 30), or most often to head back into profit.

As you say, what we need are some crazy days to really put this thing through its paces, which is why I will be leaving it on during the NFP even if I end up with some open trades over the weekend. (Who cares -its a demo!) Personally, I have noticed that the periods of moderate ranging have resulted in the best profits, but at the same time trending periods have also been profitable, and the sudden large moves we have seen so far have also been ridden out quite well. So overall I have a positive feeling for this EA.
  • #7,064
  • Mar 3, 2010 11:47am Mar 3, 2010 11:47am
if one wants to run this EA or any EA 24x5 like a autobot, or he only occasionally manually close some positions, but overall let it run itself, then the EA SHOULD NOT call newsexist(). this is only my humble opinion.

the logic is simple:
1. many news are not really influential;
2. many real news are not reflected by the FF news page, but push market like there is no tomorrow, the EA has to have a limit on the flying price instead of relying on newsexist().

however, as Scooby's original intention, he mentioned (and I believe so), this EA is only partially reduce a trader's job, the trader still needs supervise on-going positions. my impression so far is this EA has to be supervised/intervened.

Quoting zznbrm
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.
  • #7,065
  • Mar 3, 2010 11:51am Mar 3, 2010 11:51am
Quoting Invisible
@ZZ

Would you be so good as to include a functioning news filter and also an input so we can toggle it off for testing?

Mine has that already. please check my post maybe in last 2 page.http://www.forexfactory.com/showpost...postcount=7037

@ Charvo

As you say, what we need are some crazy days to really put this thing through its paces, which is why I will be leaving it on during the NFP even if I end up with some open trades over the weekend. (Who cares -its a demo!) Personally, I have noticed that the periods of moderate ranging...
me positive too, but we must remain questioning, hoho
  • #7,066
  • Mar 3, 2010 11:59am Mar 3, 2010 11:59am
@ Charvo

Thanks, mate.

Since we reference the trend as well as M15 and H1 OBOS levels, my feeling is that unless the news is absolutely earth-shattering, the normal spikes will not cause issues. On the other hand, as you say the FF news is not 100% reliable, and we may well be keeping ourselves out of the market unnecessarily with the knock-on adverse effects on profit.

Perhaps Scooby can arrange to trigger some crazy market movement through his trading floor
  • #7,067
  • Mar 3, 2010 12:05pm Mar 3, 2010 12:05pm
Quote

Would you be so good as to include a functioning news filter and also an input so we can toggle it off for testing?

I believe charvo added the necessary code.

Quote
I am not as concerned about the exit as you are. My reasoning is that if the price has retraced against the trend and yet the 21EMA 34EMA and 100SMA are still in the right order for that trend at the time that 80 overbought or 20 oversold are hit on both H1 and M15, then although it may well go further overbought or oversold for a little way (causing some floating DD as we have seen), but it is still not likely to keep up at that move for a large distance, and will likely come back to either a small loss (when it closes at 70 or 30),...

During my backtesting of your modified version of scooby's EA (yes, backtesting can be done), the day that really stood out to be was Feb 3rd/4th. Depending on your news filter settings, the drawdown on the JPY pairs was huge.

NZDJPY Entry @ 2/3 16:30 ET DD -350 pips
CHFJPY Entry @ 2/4 02:30 ET DD -300 pips
EURJPY Entry @ 2/4 02:45 ET DD -500 pips
GBPJPY Entry @ 2/4 03:15 ET DD -500 pips
CADJPY Entry @ 2/4 03:45 ET DD -300 pips
USDJPY Entry @ 2/4 03:45 ET DD -200 pips

AUDJPY did not see the same results as the trend had already changed.

These days do happen. News filter and/or some type of SL (other than H1 RS(3) moving to the other side) is mandatory to avoid all or some of these huge loss events.
  • #7,068
  • Mar 3, 2010 12:22pm Mar 3, 2010 12:22pm
There's another consideration for the News filter. I think someone else pointed out that when you're approaching high impact news the call to ffcal which is what I think economic new uses can freeze up.

Scooby (I think) put another version out there using a text file. I never got that one to work because it kept logging "file not found". But the intention of that news filter was to avoid locking up during high impact news.

Sandy
  • #7,069
  • Mar 3, 2010 12:22pm Mar 3, 2010 12:22pm
A little bird has told me that Thursday (Tomorrow) will be a potentially crazy day with EUR pairs.

If you happen to be on the wrong side then your SL's will be taken in record time. Likewise so will your TP's if you are on the correct side.

Technical Indicators are not going to help one bit.

So, be very careful if trading live.

Scoobs.
  • #7,070
  • Mar 3, 2010 12:26pm Mar 3, 2010 12:26pm
Thanks a lot! Scoobs

So we'll watch forexpro website? hoho.

however, if so, we tomorrow just place one short and one long, but both with narrow SL and wide TP. that'll be a likely winner then... i'm kidding...

Quoting scooby-doo
A little bird has told me that Thursday (Tomorrow) will be a potentially crazy day with EUR pairs.

If you happen to be on the wrong side then your SL's will be taken in record time. Likewise so will your TP's if you are on the correct side.

Technical Indicators are not going to help one bit.

So, be very careful if trading live.

Scoobs.
  • #7,071
  • Mar 3, 2010 12:29pm Mar 3, 2010 12:29pm
Quoting scooby-doo
A little bird has told me that Thursday (Tomorrow) will be a potentially crazy day with EUR pairs.

If you happen to be on the wrong side then your SL's will be taken in record time. Likewise so will your TP's if you are on the correct side.

Technical Indicators are not going to help one bit.

So, be very careful if trading live.

Scoobs.
Thank you for the heads up Scooby.
  • #7,072
  • Mar 3, 2010 12:30pm Mar 3, 2010 12:30pm
Quoting scooby-doo
A little bird has told me that Thursday (Tomorrow) will be a potentially crazy day with EUR pairs.

If you happen to be on the wrong side then your SL's will be taken in record time. Likewise so will your TP's if you are on the correct side.

Technical Indicators are not going to help one bit.

So, be very careful if trading live.

Scoobs.
Thanks for the heads up Scooby!
  • #7,073
  • Mar 3, 2010 12:41pm Mar 3, 2010 12:41pm
Quoting scooby-doo
NO.

You can buy it on ebay for £0.99

Scoobs.
boooo!
  • #7,074
  • Mar 3, 2010 1:01pm Mar 3, 2010 1:01pm
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.

Scoobs.
Let me tell you how it will be
That's one for you fourty nine for me,
cause i'm the tax man, yeah I'm the taxman

should two percent appear too small
spanish geeks will filch it all

if you talk your book, i'll tax the shop
if you carry trade, i'll tax your stop
if you marry rich, i'll tax the knot
if you lose a yard, i'll tax your snot
  • #7,075
  • Mar 3, 2010 1:25pm Mar 3, 2010 1:25pm
EURO FX - CHICAGO MERCANTILE EXCHANGE Code-099741
FUTURES ONLY POSITIONS AS OF 02/23/10 |
--------------------------------------------------------------| NONREPORTABLE
NON-COMMERCIAL | COMMERCIAL | TOTAL | POSITIONS
--------------------------|-----------------|-----------------|-----------------
LONG | SHORT |SPREADS | LONG | SHORT | LONG | SHORT | LONG | SHORT
--------------------------------------------------------------------------------
(CONTRACTS OF EUR 125,000) OPEN INTEREST: 208,474
COMMITMENTS
32,728 104,351 1,723 135,199 56,953 169,650 163,027 38,824 45,447

CHANGES FROM 02/16/10 (CHANGE IN OPEN INTEREST: 12,432)
-1,731 10,470 927 15,963 1,223 15,159 12,620 -2,727 -188

PERCENT OF OPEN INTEREST FOR EACH CATEGORY OF TRADERS
15.7 50.1 0.8 64.9 27.3 81.4 78.2 18.6 21.8

NUMBER OF TRADERS IN EACH CATEGORY (TOTAL TRADERS: 146)
36 57 15 33 34 77 98
  • #7,076
  • Edited 1:56pm Mar 3, 2010 1:37pm | Edited 1:56pm
Quote
NZDJPY Entry @ 2/3 16:30 ET DD -350 pips
CHFJPY Entry @ 2/4 02:30 ET DD -300 pips
EURJPY Entry @ 2/4 02:45 ET DD -500 pips
GBPJPY Entry @ 2/4 03:15 ET DD -500 pips
CADJPY Entry @ 2/4 03:45 ET DD -300 pips
USDJPY Entry @ 2/4 03:45 ET DD -200 pips
Thanks for testing, ZZ.

I am a little confused as the mod I put out does not trade CADJPY or NZDJPY. I deleted those from the original Scooby.mq4. Call me a chicken if you like.

I see what you mean, though. That is why I have a modified version that uses the MA for the exit also. So if the 21 and 34 turn over, then it will kill the trade. However, what I have found with this one is that although it keeps the floating DD (and the risk of big trend changes) low, it also kills off quite a few trades that in the regular version that does not have this MA exit go on to decent profit.

What I have observed by looking at the charts at the times you mention is that a better point to exit these danger trades would be if price crosses the 100SMA. Since the market is often quite flat (market makers are waiting) prior to a big move like these, the price hits the 100SMA before the 21 and 34 have turned over. On the other hand, for the majority of normal trading times, the price does not cross the 100SMA, so trading can continue as normal without potentially good trades being cut unnecessarily short.

I will try to get this ready in time for Scooby's promised rollercoaster tomorrow.

EDIT:

Since normal open DD runs around 4% max, another safety measure would be to use Steve's MPTM to close trades at say 8% or 10% total equity loss. It sounds like a lot, but for this bot recovering that would just take a few days in normal conditions.
  • #7,077
  • Mar 3, 2010 2:10pm Mar 3, 2010 2:10pm
@ zznbrm

I have sent some code to you via PM. Can you have a look? Cheers mate.
  • #7,078
  • Mar 3, 2010 2:15pm Mar 3, 2010 2:15pm
Quoting mbkennel
Let me tell you how it will be
That's one for you fourty nine for me,
cause i'm the tax man, yeah I'm the taxman

should two percent appear too small
spanish geeks will filch it all

if you talk your book, i'll tax the shop
if you carry trade, i'll tax your stop
if you marry rich, i'll tax the knot
if you lose a yard, i'll tax your snot
This is the new tax report for 2010 (and following years):

Line1 : Tell us how much you earn.
Line2 : Send it !
  • #7,079
  • Mar 3, 2010 2:19pm Mar 3, 2010 2:19pm
Quoting scooby-doo
A little bird has told me that Thursday (Tomorrow) will be a potentially crazy day with EUR pairs.

If you happen to be on the wrong side then your SL's will be taken in record time. Likewise so will your TP's if you are on the correct side.

Technical Indicators are not going to help one bit.

So, be very careful if trading live.

Scoobs.
Little bird didn't said on witch side we should be ???
  • #7,080
  • Mar 3, 2010 2:24pm Mar 3, 2010 2:24pm
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.
Mine has done 11% since sunday 23.00 GMT, 39 trades, 30 win, 9 loss, no loss bigger than 0,5%, biggest win 1,2%. No MPTM. No open trades now (20:20 GMT)

Elovv
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