scooby-doo BOJ JPY pairs trading robot | Page 372 | Forex Factory

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scooby-doo BOJ JPY pairs trading robot

  • #7,421
  • Mar 11, 2010 7:57am Mar 11, 2010 7:57am
Just FYI - There was no basket opened last evening (Sell) or this morning (Buy). The last basket opened hit StopLoss yesterday morning (Buy).

Trading small live account with Forex.com

Anyone experience anything different?
  • #7,422
  • Mar 11, 2010 8:12am Mar 11, 2010 8:12am
Quoting doc816
Just FYI - There was no basket opened last evening (Sell) or this morning (Buy). The last basket opened hit StopLoss yesterday morning (Buy).

Trading small live account with Forex.com

Anyone experience anything different?
Two wins yesterday, just trading pure BoJ intervention principle the bot is based on. No wave two trading so no trades today. I think after the SL that most guys got trading wave two earlier most have switched it off.
Punter
  • #7,423
  • Mar 11, 2010 8:29am Mar 11, 2010 8:29am
Quoting doc816
Just FYI - There was no basket opened last evening (Sell) or this morning (Buy). The last basket opened hit StopLoss yesterday morning (Buy).

Trading small live account with Forex.com

Anyone experience anything different?
I have exactly same as you Doc.
What do you have the News Filter set at?
I have News Filter set at 2 and there were quite a few 'medium' news events over past couple of days, involving JPY, EUR and GBP that stopped the EA trading for me.
(Wave trading switched off BTW)
  • #7,424
  • Mar 11, 2010 8:38am Mar 11, 2010 8:38am
Quoting Punter
Two wins yesterday, just trading pure BoJ intervention principle the bot is based on. No wave two trading so no trades today. I think after the SL that most guys got trading wave two earlier most have switched it off.
Punter
Previously, while wave 2 trading was able to hit tp, i thought it was ok. However, everytime wave 2 trading was activated, i watched the action with tension. But since it hit tp. I just leave it as it is. After few SL in a row, i sure turn that damn thing off! Thanks to Steve for enable such function in the input tab.

Looking forward to more quality trades. Although less trades is expected, but should feel more relaxed.
福 子 Victor V
  • #7,425
  • Mar 11, 2010 8:43am Mar 11, 2010 8:43am
Quoting Jezza
I have exactly same as you Doc.
What do you have the News Filter set at?
I have News Filter set at 2 and there were quite a few 'medium' news events over past couple of days, involving JPY, EUR and GBP that stopped the EA trading for me.
(Wave trading switched off BTW)
The news filter is ON, and set to Impact of 3. I'm thinking of turning it off as per the discussion about it here a few days ago. Maybe this is what caused no trades for the last two sessions.
  • #7,426
  • Mar 11, 2010 8:43am Mar 11, 2010 8:43am
Quoting scooby-doo
Those levels were based on where the price (cyrstal ball) would be if RSI(2) hit 80, 85, 90 and 95 levels.

Scoobs.
.2 and .4 hit TP, .1 and .8 Hit SL.
  • #7,427
  • Mar 11, 2010 8:49am Mar 11, 2010 8:49am
Quoting camvcvoo
Previously, while wave 2 trading was able to hit tp, i thought it was ok. However, everytime wave 2 trading was activated, i watched the action with tension. But since it hit tp. I just leave it as it is. After few SL in a row, i sure turn that damn thing off! Thanks to Steve for enable such function in the input tab.

Looking forward to more quality trades. Although less trades is expected, but should feel more relaxed.
I agree. I also turned off wave 2 last week - it was hurting the account.
  • #7,428
  • Mar 11, 2010 9:03am Mar 11, 2010 9:03am
Quoting camvcvoo
Previously, while wave 2 trading was able to hit tp, i thought it was ok. However, everytime wave 2 trading was activated, i watched the action with tension. But since it hit tp. I just leave it as it is. After few SL in a row, i sure turn that damn thing off! Thanks to Steve for enable such function in the input tab.

Looking forward to more quality trades. Although less trades is expected, but should feel more relaxed.
I totally agree. Wave 2 trading left a bad taste but its gone for good now. Only 4 quality setups per week on large account are good enough IMHO.
Looking fwd to Scoobs results for Holy Grail in its latest avatar.
Punter
  • #7,429
  • Mar 11, 2010 9:05am Mar 11, 2010 9:05am
Quoting Punter
Two wins yesterday, just trading pure BoJ intervention principle the bot is based on.
Punter
The BOJ intervention trading principle itself is flawless. However, I think it's almost impossible for a robot to trade it correctly every single time. I'm thinking about manually monitoring and trading some sessions to see how that works out.
  • #7,430
  • Mar 11, 2010 9:08am Mar 11, 2010 9:08am
Quoting Punter
Looking fwd to Scoobs results for Holy Grail in its latest avatar.
Punter
I second that. Starting to itch for this one.
  • #7,431
  • Mar 11, 2010 10:07am Mar 11, 2010 10:07am
Quoting doc816
The BOJ intervention trading principle itself is flawless. However, I think it's almost impossible for a robot to trade it correctly every single time. I'm thinking about manually monitoring and trading some sessions to see how that works out.
"Flawless" is a strong word. Are you saying the BOJ intervention trading principle, when applied correctly, is perfect?

So, where is the robot deficient?

What parts of the BOJ intervention trading principle can you trade manually that a robot can't?
  • #7,432
  • Mar 11, 2010 10:29am Mar 11, 2010 10:29am
Quoting zznbrm
"Flawless" is a strong word. Are you saying the BOJ intervention trading principle, when applied correctly, is perfect?

So, where is the robot deficient?

What parts of the BOJ intervention trading principle can you trade manually that a robot can't?
Wrong choice of word, I agree. And, no I'm not saying the trading principle is perfect, but I think it's good enough to be traded with higher accuracy if a trader uses the robot along with his/her experience to take into account other factors that may be influencing the price around the same time. I haven't traded it this way yet, so I'm open to ideas from other members.
  • #7,433
  • Mar 11, 2010 10:44am Mar 11, 2010 10:44am
Quoting doc816
Wrong choice of word, I agree. And, no I'm not saying the trading principle is perfect, but I think it's good enough to be traded with higher accuracy if a trader uses the robot along with his/her experience to take into account other factors that may be influencing the price around the same time. I haven't traded it this way yet, so I'm open to ideas from other members.
Identifying the "other factors that may be influencing the price" is the constant challenge facing all of us.
  • #7,434
  • Mar 11, 2010 11:24am Mar 11, 2010 11:24am
Quoting doc816
Wrong choice of word, I agree. And, no I'm not saying the trading principle is perfect, but I think it's good enough to be traded with higher accuracy if a trader uses the robot along with his/her experience to take into account other factors that may be influencing the price around the same time. I haven't traded it this way yet, so I'm open to ideas from other members.
Hmmmm ... considering the limitations of the information available to retail traders, as discussed by Scooby recently, trying to outguess BoJ based on 'other factors that may be influencing the price around the same time' looks a risky idea to me.
  • #7,435
  • Mar 11, 2010 11:57am Mar 11, 2010 11:57am
Quoting macman
Hmmmm ... considering the limitations of the information available to retail traders, as discussed by Scooby recently, trying to outguess BoJ based on 'other factors that may be influencing the price around the same time' looks a risky idea to me.
It is like a coin toss. Sometimes I look at a trade which is -ve and think are they going to or not, shall I close before 10% SL or not. Unless we have a friend in Tokyo it is impossible. Might just as well toss a coin or use a crystal ball, animal intestines, bones, etc, etc.
  • #7,436
  • Mar 11, 2010 5:43pm Mar 11, 2010 5:43pm
I'm thinking the BOJ needs to intervene!
  • #7,437
  • Mar 11, 2010 5:59pm Mar 11, 2010 5:59pm
Quoting macman
Hmmmm ... considering the limitations of the information available to retail traders, as discussed by Scooby recently, trying to outguess BoJ based on 'other factors that may be influencing the price around the same time' looks a risky idea to me.
Yep, and pointless as well.

Take Tokyo opening. BOJ will only intervene if it feels the Yen is too weak.

If the Yen is really weak, then the other pairs will be really strong against it. If it is weak enough for BOJ to intervene, then it will. If not, it will not.

Unless I am missing something major here, I am not sure which indicator/trader experience/magical mystical thingy will make any difference.

Eee, macman, but there are some strange ideas floating around, are there not? Scoobs has probably bruised his head again.

  • #7,438
  • Mar 11, 2010 6:44pm Mar 11, 2010 6:44pm
Strategy is proven and is what it is..I am loving it and it has put another 1.25% into the account. That is 5th trade based on intervention principle this week without wave 2. Not sure why these strange ideas are floating. Pointless to me. I, for one, am a happy bunny trading this strategy. Enough said.
Punter
  • #7,439
  • Mar 11, 2010 6:58pm Mar 11, 2010 6:58pm
Tp fxdd live on original sell basket I like the fact that I can controll the buy / sell Thanks Steve
slowly gaining back Sundy night loss
  • #7,440
  • Mar 11, 2010 7:05pm Mar 11, 2010 7:05pm
Quoting dryclean
Tp fxdd live on original sell basket I like the fact that I can controll the buy / sell Thanks Steve
slowly gaining back Sundy night loss
The losses hurt but they are inevitable. They are far outweighed by the winners and it is not hard to work out why.

Glad you are making up the losses.

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