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scooby-doo BOJ JPY pairs trading robot

  • #7,461
  • Mar 13, 2010 11:01pm Mar 13, 2010 11:01pm
Since we may forget to change the BOJ bot's input to skip the next Japanese holiday, I have created a simple indicator to give hourly alert once it is within 24 hours to the next holiday. This only works until year 2012. You can simplely drop this indicator to the BOJ bot chart and it will not show anything but will alert you once it is within the 24 hour window. I hope it helps.
Attached File(s)
File Type: mq4 Japanese Holiday Alert.mq4   3 KB | 353 downloads
  • #7,462
  • Mar 13, 2010 11:21pm Mar 13, 2010 11:21pm
Quoting SteveHopwood
I have come across this term before - 'fades the move' and hoped its meaning would become clear with context. It has not. What does it mean?
Market is moving up into OB zone, if you want to fade the move, you short it.

Quoting SteveHopwood
Doesn't need it. The bot spots the start of a new candle automatically.


Possibly, but too complicated to code given my limited understanding of mql4 time coding. This is that the Sunday candle is lumped in with Friday. I could well be wrong here, but don't really care as there is only so much optimizing that is possible before the efforts begin to heavily outweigh the results of the optimizing.

Don't worry about it if it is too complicated to code.
  • #7,463
  • Mar 14, 2010 4:43am Mar 14, 2010 4:43am
If I have slippage = 3, do I need to multiple by 10 making it 30 for 5 digit broker ?

I noticed that allot of trades were not being taken when the price moves fast and my EA gets stuck in a loop.

Scoobs.
  • #7,464
  • Mar 14, 2010 5:44am Mar 14, 2010 5:44am
Quoting scooby-doo
If I have slippage = 3, do I need to multiple by 10 making it 30 for 5 digit broker ?

I noticed that allot of trades were not being taken when the price moves fast and my EA gets stuck in a loop.

Scoobs.
Yes.

  • #7,465
  • Mar 14, 2010 5:50am Mar 14, 2010 5:50am
Quoting bojia88
Since we may forget to change the BOJ bot's input to skip the next Japanese holiday, I have created a simple indicator to give hourly alert once it is within 24 hours to the next holiday. This only works until year 2012. You can simplely drop this indicator to the BOJ bot chart and it will not show anything but will alert you once it is within the 24 hour window. I hope it helps.
Thanks for the definition of 'fade the move'.

Thanks for the indi. The robot nudges with a reminder when the date has passed the date in the NextPublicHoliday input but people will still find a use for the indi. Cheers.

  • #7,466
  • Mar 14, 2010 8:57am Mar 14, 2010 8:57am
scooby.. have you released your v2.3 yet? I recall last week you said you would. Just wondering

Thanks
  • #7,467
  • Mar 14, 2010 9:08am Mar 14, 2010 9:08am
Quoting Viv108
scooby.. have you released your v2.3 yet? I recall last week you said you would. Just wondering

Thanks
He released it on the "secret" forum. Didn't you get the memo?
  • #7,468
  • Mar 14, 2010 9:15am Mar 14, 2010 9:15am
Quoting scooby-doo
The latest version is totally different on determining the current Trend and Entry conditions.

I will test it for another week and then release it with some documentation.

Scoobs.
We are waiting wishfully, Maestro! Thank you very much again for your efforts/hard work and for sharing your stuff!
Best regards!
  • #7,469
  • Mar 14, 2010 9:51am Mar 14, 2010 9:51am
Quoting zznbrm
He released it on the "secret" forum. Didn't you get the memo?
nope..

I feel so left out. You all have been conspiring behind my back and creating profitable EAs without my permission..

Booooo hooooo

Seriously... what secret forum and memo?
  • #7,470
  • Edited 10:09am Mar 14, 2010 9:57am | Edited 10:09am
Quoting scooby-doo
If I have slippage = 3, do I need to multiple by 10 making it 30 for 5 digit broker ?

I noticed that allot of trades were not being taken when the price moves fast and my EA gets stuck in a loop.

Scoobs.
Yes, you need, very good question. i also didn't realise this issue. gee, 5 digits are annoying indeed.

I also noticed that the EA (general EA with pairs[]={eurusd, gbpjpy, and ......}) handles a loop of pairs very quickly, but between loops, not on a stable speed.

for example, pairs[] has 10 pair strings.

from 01:00:07 ~ 01:00:09, EA processed from pairs[1] to pairs[10] instantly,
theoretically, from 01:00:10~01:00:12 (another immediate 3 seconds), a 2nd loop of pairs[] should be processed by the EA. but it is actually NOT done.
occasionally, the interval may be a couple of minutes. well, this may be also my internet/router/computer problem, but long term impression is that a EA is often NOT working on every seconds, sometimes, it slows down.

therefore, to catch fast moves, i notice that especially for Holy Grail, the speed of EA needs to be optimized, since i see IBFX keeps placing more trades than FXDD (but FXDD also place different trandes than IBFX). maybe ultimately, after determining which pairs are really worthy, a EA needs to be break down to the way of 1 EA handling 1 pair.
  • #7,471
  • Mar 14, 2010 10:54am Mar 14, 2010 10:54am
If I were Scooby I would release his ea only to people who never ask him when he is going to release his ea

j/k....sort of
  • #7,472
  • Mar 14, 2010 11:54am Mar 14, 2010 11:54am
hahaha.. good one!
  • #7,473
  • Edited 1:37pm Mar 14, 2010 1:09pm | Edited 1:37pm
As US started summer hour this weekend, the local time in US is 1 hour earlier than last week. Therefore the BOJ bot trading time needs to advance for 1 hour to compensate since Japan does not use summer hour. e.g. If your current setting for SellHourStarts = 18, now you should change it to 19. The same thing should happen on the last Sunday of March for people in Europe.

Steve,
if you don't mind, I can modify the bot to normalize the trading hours (Tokyo open/close) to GMT. Then there is no need of external inputs for trading hours for the bot. No need to worry about summer hours. Hence eliminate any future questions regarding the time settings.
  • #7,474
  • Edited 1:36pm Mar 14, 2010 1:20pm | Edited 1:36pm
Quoting nubchai
If I were Scooby I would release his ea only to people who never ask him when he is going to release his ea
People don't realize that even it is a holy grail, and Scoobs kindly give it to you.

you will still doom, if you don't understand it or know the correct pattern/algorithm.

we'd better humbly/modestly ask Scoobs to kindly enlighten us on HOW instead of WHEN.

On second thought, you'll just doom, hohoho.
  • #7,475
  • Mar 14, 2010 1:36pm Mar 14, 2010 1:36pm
Quoting charvo
People don't realize that even it is a holy grail, and Scoobs kindly give it to you.

you will still doom, if you don't understand it or know the correct pattern/algorithm.

we'd better humbly/modestly ask Scoobs to kindly enlighten us on HOW instead of WHEN.

On second thought, you'll just doom, hoho.
Trend=25,50,100,200 on D1
OB=Above 80 on M15, H1, H4
OS=Below 20 on M15, H1, H4
RSI=3
Entry=LagRSI(0.5) on M05
TP=2xATR(H1)
SL=1xATR(H1)
News=Ignore

Scoobs
  • #7,476
  • Mar 14, 2010 1:47pm Mar 14, 2010 1:47pm
Quoting scooby-doo
Trend=25,50,100,200 on D1
OB=Above 80 on M15, H1, H4
OS=Below 20 on M15, H1, H4
RSI=3
Entry=LagRSI(0.5) on M05
TP=2xATR(H1)
SL=1xATR(H1)
News=Ignore

Scoobs
Is it safe to assume OB/OS on LagRSI is 0.9/0.1 and trend for buy is 25 > 50 > 100 > 200?

On a side note, how do you psychologically handle large losses like the 60k situation you described earlier? Take a break? (when I do this I of course miss the best occasions since a new trend forms and takes off, usually in the direction of my original trade), or is it not as drastic since it's not actually your ducats getting siphoned from your account?
  • #7,477
  • Mar 14, 2010 1:50pm Mar 14, 2010 1:50pm
Quoting scooby-doo
Trend=25,50,100,200 on D1
OB=Above 80 on M15, H1, H4
OS=Below 20 on M15, H1, H4
RSI=3
Entry=LagRSI(0.5) on M05
TP=2xATR(H1)
SL=1xATR(H1)
News=Ignore

Scoobs
Many many thanks! Scoobs, I've been following the thread 7x24 only in order to pick up your comments here and there! Like a gold-miner wading through a creek, or a boy digging on the beach for pearls.

Thanks again for being here leading our search!
  • #7,478
  • Mar 14, 2010 1:56pm Mar 14, 2010 1:56pm
Quoting scooby-doo

Trend=25,50,100,200 on D1
OB=Above 80 on M15, H1, H4
OS=Below 20 on M15, H1, H4
RSI=3
Entry=LagRSI(0.5) on M05
TP=2xATR(H1)
SL=1xATR(H1)
News=Ignore

Scoobs
Scoobs, could you please solve one of my confused part above?

as to LagRSI(0.5):

one way will be like: if LagRSI(0.5) > 20, buy; if LagRSI(0.5) < 80, sell;

or a more complicated way ?:

LagRSI(0.5) of bar(0) > 20 > LagRSI(0.5) of bar(1) ----- Buy
LagRSI(0.5) of bar(0) < 80 < LagRSI(0.5) of bar(1) ----- Sell

As this latter conservative way might better identify the price is coming out of OB/OS zones.

i am trying the latter for now as a conservative start, but last week from Thur~Fri got only 2 entries. i don't know how you think about this, i guess you are using the former way?

Many thanks!
  • #7,479
  • Mar 14, 2010 1:59pm Mar 14, 2010 1:59pm
Quoting zoogle
Is it safe to assume OB/OS on LagRSI is 0.9/0.1 and trend for buy is 25 > 50 > 100 > 200?

On a side note, how do you psychologically handle large losses like the 60k situation you described earlier? Take a break? (when I do this I of course miss the best occasions since a new trend forms and takes off, usually in the direction of my original trade), or is it not as drastic since it's not actually your ducats getting siphoned from your account?
I lost 60K working for a bank, nothing todo with EA's etc.

My judgement was that the dollar would fall and it didnt. The bank's system said not to trade and I overruled its decision.

On this occasion it was right and I was wrong. It happens.

Winning or losing doesnt bother me. Its just a zero sum game. Having said that obviously its not my money as such but it does ofcourse affect my bonuses.

Anyway, 60K is easy to make back. I was already 400K up so far for the month before executing that trade.

The biggest hurdle to overcome in FOREX is to understand that you WILL lose trades along the way whatever you do.

Scoobs.
  • #7,480
  • Mar 14, 2010 2:08pm Mar 14, 2010 2:08pm
Quoting charvo
Yes, you need, very good question. i also didn't realise this issue....
There might be several reasons why each loop takes different amount of time. One reason is that the EA needs a tick to get into Start() function. If there is no tick coming in from the broker server, then EA will not enter into the loop. If you have ticker program running at the background, then it should be better. Another is that based on different conditions, program goes through different routine. e.g. the code
if(TimeDayOfWeek(TimeLocal()) == 5 && TimeHour(TimeLocal()) >= 12)
{
break;
}
will breakout the loop and return. No further checking is needed. Therefore, it will finish the loop very quickly. However, if it has to place a trade, then it might take much longer time to complete the loop because of the extra stuff that EA needs to do and also some brokers will purposely delay the executions to bank more profit for them. Thus the loop will take longer to complete.
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