scooby-doo BOJ JPY pairs trading robot | Page 367 | Forex Factory

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scooby-doo BOJ JPY pairs trading robot

  • #7,321
  • Mar 8, 2010 6:57pm Mar 8, 2010 6:57pm
what if you win? will equity be increased by 2%?

say, if a win can give 1% and a loss take back 5%, then i guess the SL needs to be reduced for this BOJ system. Ultimately, if BOJ intervene is such a sure thing, then SL should not be set very wide to accommodate the noise.

Quoting camvcvoo
My buy basket was closed due to trade expiry. about 5% loss. Looks like wave 2 trading kills....

Anyway, looking forward to next session, with wave 2 trading disable
  • #7,322
  • Mar 8, 2010 7:11pm Mar 8, 2010 7:11pm
Quoting charvo
what if you win? will equity be increased by 2%?

say, if a win can give 1% and a loss take back 5%, then i guess the SL needs to be reduced for this BOJ system. Ultimately, if BOJ intervene is such a sure thing, then SL should not be set very wide to accommodate the noise.
From my observation, since there is no exact time of BOJ intervention- after the OBOS levels are met and the trade is under way, the market can trade in a somewhat wide range before finally returning to the intended direction. Therefore, having a tighter SL would likely result in more losses.

Perhaps doubling the lot size after a loss (I know how much we hate martingale!) could be one way to keep the equity curve going up. Its certainly risky, but the win/loss ratio seems to favor the method. We shall see...
  • #7,323
  • Mar 8, 2010 7:16pm Mar 8, 2010 7:16pm
Original hits SL down 10% SUCKS!

Don't understand why the buy trade if it would have been the sell like it should, all would have fine

3 bad days in a row after being up over 20% now up only 6.8 today is one month live FXDD (6.8 still not bad for a month but hurts to give back profits)
  • #7,324
  • Mar 8, 2010 7:29pm Mar 8, 2010 7:29pm
This article is informative.

http://www.bloomberg.com/apps/news?p...C_oSfkG8&pos=2

So be careful of JPY pairs this month. It might not behave normally - BOJ selling causes JPY to go lower, and corporate buying causes it to go higher (note: cross pair rates are reverse).

BTW, thanks Steve for the vouch.
  • #7,325
  • Mar 8, 2010 7:59pm Mar 8, 2010 7:59pm
Has anybody tried trading live with FXCBS? They claim to be ECN/STP and charge commission / trade, but you should see the spreads. Really good. But since they have liquidity providing banks they trade minimum 0.1 lot.
  • #7,326
  • Mar 8, 2010 8:03pm Mar 8, 2010 8:03pm
Quoting dryclean
Original hits SL down 10% SUCKS!
3 bad days in a row after being up over 20% now up only 6.8 today is one month live FXDD (6.8 still not bad for a month but hurts to give back profits)
in fact, statistically/mathmatically, up 20% then drop to 6.8% is very bad for a month trading.

not being judgemental or smart ass, i only want to encourage improvement of this EA.

let's put it this way, up 200%, then drop to 20% for a month trading, is it good? To some extent, it is even worse.

we want to turn this EA into a 1% for one month, in a way like:

1st week, up 0.3% maybe, 2nd week, up 0.7% maybe, 3rd week, 0.6% maybe, 4th week, reach 1% maybe.

when you see a curve NOT stably rising, it is not really dependable.
  • #7,327
  • Mar 9, 2010 12:55am Mar 9, 2010 12:55am
I forgot to add a take profit to the buy stop code for ADR OB_OS. This is fixed in post 1.

If you know how, you can simply add this line of code to the OP_BUYSTOP code and recompile, to save the faff of downloading:
tp = NormalizeDouble(price + (TpPips * point), digits);

  • #7,328
  • Mar 9, 2010 12:59am Mar 9, 2010 12:59am
Quoting dryclean
Original hits SL down 10% SUCKS!

Don't understand why the buy trade if it would have been the sell like it should, all would have fine

3 bad days in a row after being up over 20% now up only 6.8 today is one month live FXDD (6.8 still not bad for a month but hurts to give back profits)
You are free to reduce the SL %, as I mentioned to you in an earlier post, my SL% is less than 5 (4.5 actually), so far I haven't been stopped out prematurely.
  • #7,329
  • Mar 9, 2010 1:15am Mar 9, 2010 1:15am
Dont forget that in many instances you will be trading against the daily trend.

So, if the BOJ dont intervene you will get killed.

Scoobs.
  • #7,330
  • Mar 9, 2010 1:23am Mar 9, 2010 1:23am
hehe that's the new game: catch me if you can
  • #7,331
  • Mar 9, 2010 1:56am Mar 9, 2010 1:56am
Quoting scooby-doo
Dont forget that in many instances you will be trading against the daily trend.

So, if the BOJ dont intervene you will get killed.

Scoobs.
---------
Hi Scoobs,

In other word, we should code BOJ original with 2 SL in accordance with the Daily Trend ?

1. If againts daily trend, then set SL 1 - 3 % ?

2. If within daily trend, then set SL 5 - 10% ?



Cheers,
  • #7,332
  • Mar 9, 2010 2:06am Mar 9, 2010 2:06am
All this gave me an idea.

I have added a couple of inputs to BOJ Original 2.4 to allow users to control whether they want the robot to take buy and sell trades:

 

  1. LongTradesAllowed
  2. ShortTradesAllowed

If you do not want to trade against a trend in case BOJ does not intervene, simply turn off the direction you do not want. This applies to both wave 2 & 3 trades but not separately; for example turning off sells will stop the bot trading wave 3 short at Tokyo open and wave 2 pre close.

  • #7,333
  • Mar 9, 2010 2:08am Mar 9, 2010 2:08am
Quoting scooby-doo
Dont forget that in many instances you will be trading against the daily trend.

So, if the BOJ dont intervene you will get killed.

Scoobs.
Well, this is a fact that many newbies may have not understood. Now the point is clearly make.

Quoting Steve:"THESE ROBOTS WILL KILL YOUR ACCOUNT QUICKER THAN YOU CAN BLINK IF YOU DO NOT KNOW WHAT YOU ARE DOING. GO AWAY NOW, AND DO NOT RETURN IF YOU ARE NOT PREPARED FOR A LOT OF PATIENT HARD WORK."

Now, to complement this BOJ EA, patiently awaiting the release the Holy Grail!
福 子 Victor V
  • #7,334
  • Mar 9, 2010 4:01am Mar 9, 2010 4:01am
Not a trade with Charvos Ea on my Ibfx mini live account. Anyone have trades with this Ea?

Elovv
  • #7,335
  • Mar 9, 2010 4:02am Mar 9, 2010 4:02am
525c performs well today again.
Attached Image (click to enlarge)
Click to Enlarge Name: 525c.jpg Size: 203 KB
  • #7,336
  • Mar 9, 2010 4:04am Mar 9, 2010 4:04am
Quoting maxou888
525c performs well today again.
Yes, my forward test also looks promising ... time will tell -
  • #7,337
  • Mar 9, 2010 4:17am Mar 9, 2010 4:17am
Quoting Elovv
Not a trade with Charvos Ea on my Ibfx mini live account. Anyone have trades with this Ea?

Elovv
None here, but also nothing on THG1.6 either..
  • #7,338
  • Mar 9, 2010 4:25am Mar 9, 2010 4:25am
[quote=SteveHopwood;3534001]All this gave me an idea.

I have added a couple of inputs to BOJ Original 2.4 to allow users to control whether they want the robot to take buy and sell trades:

 

  1. LongTradesAllowed
  2. ShortTradesAllowed

Steve,
Just so I'm clear
Normaly I'd look for a short early so short alowed true . . . long false

then after that . . long allowed true . . . and short false

  • #7,339
  • Mar 9, 2010 4:42am Mar 9, 2010 4:42am
[quote=dryclean;3534352]
Quoting SteveHopwood
All this gave me an idea.

I have added a couple of inputs to BOJ Original 2.4 to allow users to control whether they want the robot to take buy and sell trades:

 

  1. LongTradesAllowed
  2. ShortTradesAllowed

Steve,
Just so I'm clear
Normaly I'd look for a short early so short alowed true . . . long false

then after that . . long allowed true . . . and short false

Yep, if you want to be that detailed.

  • #7,340
  • Mar 9, 2010 5:00am Mar 9, 2010 5:00am
Quoting Elovv
Not a trade with Charvos Ea on my Ibfx mini live account. Anyone have trades with this Ea?

Elovv
Same here, let it run on Alpari UK but no trades so far.
Best regards!
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