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scooby-doo BOJ JPY pairs trading robot

  • #7,281
  • Mar 8, 2010 10:22am Mar 8, 2010 10:22am
Quoting Elovv
But 3 good ones
Yes,

1 x GBPJPY
1 x GBPUSD
1 x USDJPY

All by TP

Scoobs
  • #7,282
  • Mar 8, 2010 10:24am Mar 8, 2010 10:24am
@ Scooby

Are you running two demos - one Holy Grail latest version with news filter on, and the other without? It would be interesting to compare them running on the same server with the same broker to see which trades were missed when using the news filter and whether it made any difference whether they were missed or not.
  • #7,283
  • Mar 8, 2010 10:32am Mar 8, 2010 10:32am
Quoting Invisible
@ Scooby

Are you running two demos - one Holy Grail latest version with news filter on, and the other without? It would be interesting to compare them running on the same server with the same broker to see which trades were missed when using the news filter and whether it made any difference whether they were missed or not.
No,

I have decided to ignore all news for the time being.

To some extent markets already factor in potential news +/- so I want to see if the EA can handle this based on its EMA's.

If all 3 EMA's are pointing in the same direction then it is going to take some special news to knock the trades ofcourse hitting the ADR SL.

Obviously i wouldnt run it during NF etc as that is just a coin toss.

Scoobs.
  • #7,284
  • Mar 8, 2010 11:03am Mar 8, 2010 11:03am
Quoting scooby-doo
If all 3 EMA's are pointing in the same direction then it is going to take some special news to knock the trades ofcourse hitting the ADR SL.
Are you really using the ADR (Average Daily Range) for the SL? That would certainly give it lots of room - about 200 (or so) pips on GBPJPY. Is R:R still 1:1?
  • #7,285
  • Mar 8, 2010 11:13am Mar 8, 2010 11:13am
Quoting zznbrm
Are you really using the ADR (Average Daily Range) for the SL? That would certainly give it lots of room - about 200 (or so) pips on GBPJPY. Is R:R still 1:1?
Sorry

I am using ATR on H4 for TP and SL.

Scoobs.
  • #7,286
  • Mar 8, 2010 11:24am Mar 8, 2010 11:24am
Quoting scooby-doo
I am using ATR on H4 for TP and SL.
OK, that's what you said previously...I thought the ADR reference might have been erroneous. Thanks...continued success with your EA.
  • #7,287
  • Mar 8, 2010 11:24am Mar 8, 2010 11:24am
Quoting scooby-doo
The markets have been very slow today after the antics of Friday.

My new version only placed 3 trades so far today for 1.84% ROI.

Scoobs.
You didn't post any new versions from many weeks (1.6). And you promised to post the last one last sunday. Can we still believe to have any update, or your THG is so good that we have to forget it (from my 10 years experience in Forex, generally speaking any EA in development disepear when it starts to produce some good returns).

From my side, and I am very happy to share without restrictions, this the version 525C.
Use it only in mode1, so attach only to UsdChf M5. In demo from 3/3/2010, 7% ROI, very Low DD.
Please fell free to test it, demo it, share it, modify it. And Enjoy !!!

Max.

PSs, this is the equity curve only for friday and today
Attached Image
Attached File(s)
File Type: mq4 Basket_525c.mq4   124 KB | 388 downloads
  • #7,288
  • Mar 8, 2010 11:34am Mar 8, 2010 11:34am
Quoting maxou888
You didn't post any new versions from many weeks (1.6). And you promised to post the last one last sunday. Can we still believe to have any update, or your THG is so good that we have to forget it (from my 10 years experience in Forex, generally speaking any EA in development disepear when it starts to produce some good returns).

From my side, and I am very happy to share without restrictions, this the version 525C.
Use it only in mode1, so attach only to UsdChf M5. In demo from 3/3/2010, 7% ROI, very Low DD.
Please fell free to...
I am not even going to reply to your comments.
  • #7,289
  • Mar 8, 2010 11:36am Mar 8, 2010 11:36am
Quoting tazmaan
original bot took two losses for me last night, both with hedging. Hedging doesn't seem to be helping much at all, in both cases it just added more loss to the basket.

That has been my experience with the bot also. Trade expiration has not solved the problem either since a trade can be close to the basket stoploss when trade expiry occurs.

I also tried settings that reduced the basket stoploss, but that does not give the trades enough room to breathe and increases the stoploss frequency.
  • #7,290
  • Mar 8, 2010 11:44am Mar 8, 2010 11:44am
Quoting scooby-doo
No,

I have decided to ignore all news for the time being.

To some extent markets already factor in potential news +/- so I want to see if the EA can handle this based on its EMA's.

If all 3 EMA's are pointing in the same direction then it is going to take some special news to knock the trades ofcourse hitting the ADR SL.

Obviously i wouldnt run it during NF etc as that is just a coin toss.

Scoobs.
Scooby,

Most of my study of technical analysis has indicated as you say that much of the news is already factored into price. I like your approach of identifying those relatively few news events that occur rather than trying to rely on an imperfect or unreliable indicator to filter trades for news.

JR
  • #7,291
  • Mar 8, 2010 11:51am Mar 8, 2010 11:51am
Quoting maxou888
You didn't post any new versions from many weeks (1.6). And you promised to post the last one last sunday.
We appreciate your contribution, but please be patient for scoobs to test out his latest creation at his own schedule. Ultimately, it's his idea and hard work, so we shouldn't be so demanding. He will release it/or not, whenever he's ready (or feels like it).. IMHO

Jason
  • #7,292
  • Mar 8, 2010 11:52am Mar 8, 2010 11:52am
Quoting octomanoak
That has been my experience with the bot also. Trade expiration has not solved the problem either since a trade can be close to the basket stoploss when trade expiry occurs.

I also tried settings that reduced the basket stoploss, but that does not give the trades enough room to breathe and increases the stoploss frequency.
Sadly, have to agree - IMHO this bot does not look profitable long term in its present form.
Attached Image (click to enlarge)
Click to Enlarge Name: BoJ_Original.png Size: 21 KB
  • #7,293
  • Mar 8, 2010 11:53am Mar 8, 2010 11:53am
Quoting scooby-doo
Originally Posted by maxou888 http://cdn.forexfactory.com/images/buttons/viewpost.gif
You didn't post any new versions from many weeks (1.6)...
Please fell free to...
I am not even going to reply to your comments..
Dear MAXOU888 and Others

The understood rule here is people are free to share what they want. Nothing more and nothing less. We do not demand and are most grateful for what is given.

You have been kind and sharing and speaking from personal experience SCOOBS has been more than kind and sharing. Personally I have made a nice tidy sum of profit from his occasional tips on buying and selling certain currencies at certain times. HE DID NOT NEED TO SHARE THE INFORMATION BUT HE DID and we made good profit.

If YOU, SCOOBS and anyone else for that matter decide for whatever reason at any point NOT to share we have to respect that and it is OK. We have no right to demand. I hope this has clarified this once and for all.

Kind Regards
  • #7,294
  • Mar 8, 2010 12:25pm Mar 8, 2010 12:25pm
i'm gonna demand..! His EA's are bloody awesome.

Demand demand demand demand.

  • #7,295
  • Mar 8, 2010 12:51pm Mar 8, 2010 12:51pm
Quoting macman
Sadly, have to agree - IMHO this bot does not look profitable long term in its present form.
I still think the strategy of this EA is brilliant (thank you Scooby and Steve). Question is: can we think of a way to either filter opening trades based on some observed pattern of a likely failure or come up with a clever way to cut losing trades short so that it can be profitable long term. I wish I was smarter and could suggest how, but then there are many brilliant minds participating in this thread who might have some insight into the problem/solution.
  • #7,296
  • Mar 8, 2010 1:11pm Mar 8, 2010 1:11pm
Quoting octomanoak
I still think the strategy of this EA is brilliant (thank you Scooby and Steve). Question is: can we think of a way to either filter opening trades based on some observed pattern of a likely failure or come up with a clever way to cut losing trades short so that it can be profitable long term. I wish I was smarter and could suggest how, but then there are many brilliant minds participating in this thread who might have some insight into the problem/solution.
I have thought about this - the problem is BoJ intervention is like someone throwing a switch, so AFAIK no form of indicator is going to help.

Only thing I can think is to reduce lot size in steps the further negative a trade goes. That way we limit the damage done by a trade which hits SL.

Conversely we might want to increase lot size as a trade goes into profit to compensate.

Love to hear other ideas ....
  • #7,297
  • Mar 8, 2010 1:26pm Mar 8, 2010 1:26pm
In the 24 bot Original there was an option for SMA 200

One thing I noticed is of all my losing plays have been the sell
(I've only had 4 losing trades in a month and 2 were from the timer)
  • #7,298
  • Edited 1:28pm Mar 8, 2010 1:28pm | Edited 1:28pm
Quoting scooby-doo
The markets have been very slow today after the antics of Friday.

My new version only placed 3 trades so far today for 1.84% ROI.

Scoobs.
Thanks Scooby. I did get two 1.6 trades later that closed in profit.

Invisible's 3 timeframe EA is also working well today

Sandy
  • #7,299
  • Mar 8, 2010 1:59pm Mar 8, 2010 1:59pm
Quote
You didn't post any new versions from many weeks (1.6)

I hope the positive atmosphere in this thread is not going to deteriorate. It is positively swarming with EAs, ideas and useful feedback which surely benefits all of us in the end. And let's not forget the laughs we have had along the way, too .
  • #7,300
  • Mar 8, 2010 2:08pm Mar 8, 2010 2:08pm
Hi, Scoobs:

could you please enlighten us how you experiment with LaguerreRSI?

using 2 Lagueerre may be too complex, so I guess that we should use one Laguerre for entry?

It seems to me default 0.7 ~ 0.4 are all acceptable values.

thanks a lot!

Quoting scooby-doo
This week was....

I used standard MT4 RSI(2) for OB and OS but LagueereRSI for the entry on M5.

Scoobs
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