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scooby-doo BOJ JPY pairs trading robot

  • #7,881
  • Mar 29, 2010 6:15pm Mar 29, 2010 6:15pm
I have these observations about closing Monica trades:

 

  1. if lots of rsi values turn against the trade before it reaches breakeven, then it will hit stop loss as the market moves against it, probably long before all the ris values reverse.
  2. if lots of rsi values turn against the trade after half-close/break even, then the trade will hit its stop long before the robot closes the trade through adverse rsi values.

I am not trying to discourage you guys from experimenting with the code, just pointing out that it may be irrelevant.

  • #7,882
  • Mar 29, 2010 6:21pm Mar 29, 2010 6:21pm
Quoting SteveHopwood
No need to dig through the code. Just read octomanoak's fantastic user guide - everything is explained. The sell during the buying hour is all to do with wave trading and is explained in the doc.

Cheers Luke. Sing out if you stil don't understand after reading the guide.


I feel like a complete idiot. You can ban me now! I must have missed the wave 2 setting on the EA. Thanks for the guidance.
  • #7,883
  • Mar 29, 2010 6:24pm Mar 29, 2010 6:24pm
Great insights!

I almost instantly and simultaneously realised this.

Maxou's basket_5xx.mq4 has no stoploss, so that exit rules may work.

for your Monica, with hard StopLoss, this exit strategy will be meaningless 90%, hohoho, i'm not gonna go for it then.

let's try demo and finetune Monica first, since she's already so charming.

Quoting SteveHopwood
I have these observations about closing Monica trades:

I am not trying to discourage you guys from experimenting with the code, just pointing out that it may be irrelevant.

  • #7,884
  • Mar 29, 2010 6:25pm Mar 29, 2010 6:25pm
Quoting camvcvoo
Murphyman has a SELL on Wave 2 whereby you only allow BUY in Wave 2. That's how i understand you previous post about your settings.
Didn't catch that
Thanks
  • #7,885
  • Mar 29, 2010 6:25pm Mar 29, 2010 6:25pm
Quoting hndymann
I feel like a complete idiot. You can ban me now! I must have missed the wave 2 setting on the EA. Thanks for the guidance.
Hehe. I will have seriously lost the plot the day I ban you.

To those saying, "Eh, what, erm?" Luke has forgotten more about programming than I have learned. He was helping me with coding when I was still trying to work out how to send trades via a script.
  • #7,886
  • Mar 29, 2010 6:29pm Mar 29, 2010 6:29pm
Quoting charvo
let's try demo and finetune Monica first, since she's already so charming.
You are merely falling for those legs.

Would the originator of this robot care to step forward for a round of applause? I have deleted the pm that led to me coding it, and so have no idea who it is.

  • #7,887
  • Mar 29, 2010 6:32pm Mar 29, 2010 6:32pm
Could it have been Monica Lewinsky? Steve a bill clinton fan?, lol

Quoting SteveHopwood
You are merely falling for those legs.

Would the originator of this robot care to step forward for a round of applause? I have deleted the pm that led to me coding it, and so have no idea who it is.

  • #7,888
  • Mar 29, 2010 6:39pm Mar 29, 2010 6:39pm
Quoting charvo
Great insights!

I almost instantly and simultaneously realised this.

Maxou's basket_5xx.mq4 has no stoploss, so that exit rules may work.

for your Monica, with hard StopLoss, this exit strategy will be meaningless 90%, hohoho, i'm not gonna go for it then.

let's try demo and finetune Monica first, since she's already so charming.
Appreciate what you are saying here Charvo but I've just finished the amendments to Monica so I thought I'll give it a whirl anyway.

The 'Monica's Twin' EA has entered the fray and I'll report back findings ASAP. I'm running them both side-by-side (different magic numbers) so it should be interesting to compare. I've added a whole bunch of RSI's on which to close (currently set to fewer than those chosen to enter the trade).

Steve: If you think on, make a note of any subsequent changes you do to Monica so that we don't lose them should her twin be more desirable! I download the last posted version.

Cheers,
Nick.
  • #7,889
  • Mar 29, 2010 6:50pm Mar 29, 2010 6:50pm
Quoting SteveHopwood
I consider Monica to be the most promising of the unproven strategy-trading robots here, so I have responded to this immediately.

Uploaded to post 1 is a version with a new input - AllowHalfClose. Set this to false to disable half-closing of a successful trade. This leaves the trade vulnerable to reverse right up to tp, so I recommend lowering the Atr_TP_Multiplication_Factor input if you choose this option.

Readers might like to visit Boris Schlosberg's site at http://www.bkforexadvisors.com/boris...-pips-per-day/. In...
Thanks for this steve. So just so I am clear, if halfclose is set to false, it's either 1xatr stop out, or tpmultiplactionfactor for target.
Sounds like a good starting point, whereas we can either choose to lower the multiplication factor, or manage the trades with mptm.
I also look forward to monica's sister, who would be a little more choosy as to when to end the date (her slutty sister either goes home after the first drink, or doesn't go home until breakfast is served in bed the next morning
  • #7,890
  • Mar 29, 2010 6:50pm Mar 29, 2010 6:50pm
Quoting swnke2
Steve: If you think on, make a note of any subsequent changes you do to Monica so that we don't lose them should her twin be more desirable! I download the last posted version.

Cheers,
Nick.
Will do. I don't think this will happen as I do not plan any changes to Her Ladyship, but will if I do. If you haven't lost the will to live and still see what I mean.

Shroshtung shchutff, wisheksyesgh.

  • #7,891
  • Mar 29, 2010 6:58pm Mar 29, 2010 6:58pm
Quoting tazmaan
Thanks for this steve. So just so I am clear, if halfclose is set to false, it's either 1xatr stop out, or tpmultiplactionfactor for target.
Sounds like a good starting point, whereas we can either choose to lower the multiplication factor, or manage the trades with mptm.
Yersh. Hic.

Quote
I also look forward to monica's sister, who would be a little more choosy as to when to end the date (her slutty sister either goes home after the first drink, or doesn't go home until breakfast is served in bed the next morning
And I asked the originator of this strategy to step forward to take a bow? Poor Monica is probably hiding under the table right now hoping that nobody notices she is called Monica.

Do step forward won't you, Monica? You have started something big, after all.

Of course, I have only a signature in a pm that tells me the originator is Monica. Maybe the originator is actually a 9 feet tall wrestler called 'Crusher' but does not want to admit to this?

Some people would still admire the legs, though.
  • #7,892
  • Mar 29, 2010 7:07pm Mar 29, 2010 7:07pm
Looking at my ibfx crim account, I have 5 Monica trades open (max = 6). 4 are well into profit, 3 have their stop moved into be + BEP and the entire basket would add a fraction under 1% to the balance if I closed it now.

Nice to have a +upl for a change.

  • #7,893
  • Mar 29, 2010 7:09pm Mar 29, 2010 7:09pm
Yeah, I've been trying to take notice of mine whenever it has trades open, and I am tracking the max floating DD. Past few days isn't enough of an indication of course, but it's been rare that the account isn't floating positive most of the time. Profit is there, just a matter of how to take it
  • #7,894
  • Mar 29, 2010 7:16pm Mar 29, 2010 7:16pm
Quoting tazmaan
Yeah, I've been trying to take notice of mine whenever it has trades open, and I am tracking the max floating DD. Past few days isn't enough of an indication of course, but it's been rare that the account isn't floating positive most of the time. Profit is there, just a matter of how to take it
Yes. My instinct is to take it once the basket reaches 1% of balance. Ok, so 1% of $500 is bugger all, but 1% of $50,000 would be more than I earn from teaching the piano for a couple of months.

I am happy to see how things go for now and leave the trades alone to pan out as they will.

  • #7,895
  • Mar 29, 2010 7:23pm Mar 29, 2010 7:23pm
Quoting SteveHopwood
Hehe. I will have seriously lost the plot the day I ban you.

To those saying, "Eh, what, erm?" Luke has forgotten more about programming than I have learned. He was helping me with coding when I was still trying to work out how to send trades via a script.
Haha, you give me too much credit! I'm happy you think this way about me but you have 1000 times more patients and understanding about the programing of MLQ than most of us.

Thanks for all that you have done and thanks to Scoob and the rest of this thread who have made it an enjoyable read.

There are so many new ideas coming from such a wonderful method of trading and I cant wait to see what else the minds out there have to offer.

Steve, when are you going to take a vacation? Summer is approaching in the states.. maybe a good time to visit.
  • #7,896
  • Mar 29, 2010 7:30pm Mar 29, 2010 7:30pm
firstly, Steve, i'm dumb, but don't ban me for this question since i cannot be sure and see it not mentioned.

you use ibfx 5-digit? i thought it has only 4-digit. so Monica's parameters related with "%pips%" should be divided by 10, if using a 4-digit criminal? just making sure, since i use ibfx live mini too, it is 4-digit.

Quoting SteveHopwood
Looking at my ibfx crim account, I have 5 Monica trades open (max = 6). 4 are well into profit, 3 have their stop moved into be + BEP and the entire basket would add a fraction under 1% to the balance if I closed it now.
  • #7,897
  • Mar 29, 2010 7:36pm Mar 29, 2010 7:36pm
Quoting hndymann
Haha, you give me too much credit! Steve, when are you going to take a vacation? Summer is approaching in the states.. maybe a good time to visit.
All of us who can do something have people in our background who either taught us something of helped us learn something.

I have learned from others; others will learn from me. Unless they are idiots of course, in which case nothing can be done for them.

See, I have not gone all that soft and mushy, despite the whishkeyish.

As to the vac thingy, I took a week at xmas, have a weekend coming up over Easter and will take a week in August. Why would I need more? I spend my professional life teaching beautiful kids to play the piano. Stressful, this is not. Wonderful, it definitely is and I hate every moment I spend not doing it.

Trading forex is about making money. Music is about life.

  • #7,898
  • Mar 29, 2010 7:47pm Mar 29, 2010 7:47pm
Quoting charvo
firstly, Steve, i'm dumb, but don't ban me for this question since i cannot be sure and see it not mentioned.

you use ibfx 5-digit? i thought it has only 4-digit. so Monica's parameters related with "%pips%" should be divided by 10, if using a 4-digit criminal? just making sure, since i use ibfx live mini too, it is 4-digit.
Not quite sure what you mean.

Unless I have ballsed something up, again, then enter anything pip-related in 5 digit-wally-plonker-criminal settings and the robot will automatically adjust for 4 digit etc

Unless it doesn't, in which case it won't, then you need to yell for help here.

Confused? You damn well should be.

By the by, ibfx claim to be 5 digit wally plonker crims (ok, so they don't quite put it like that) but still quote live in 4 digits. On my account at least. Who knows why? Or cares?

  • #7,899
  • Mar 29, 2010 9:05pm Mar 29, 2010 9:05pm
I set up a second test with monica, half close false and mptm global set at 2%, we'll see how it compares. Will let you know how it goes this week.

On another note, the bug with the display pairs duplicating is not only caused by changing timeframes while the ea is on the chart. also just changing any input after it's been on has the same affect.
Just figured i'd let you know. Not a real big deal to just redrop it on the chart once u've saved your set file the way u want it, but it's a bug nonetheless so figured u outta know
  • #7,900
  • Mar 30, 2010 3:04am Mar 30, 2010 3:04am
Quoting SteveHopwood
Looking at my ibfx crim account, I have 5 Monica trades open (max = 6). 4 are well into profit, 3 have their stop moved into be + BEP and the entire basket would add a fraction under 1% to the balance if I closed it now.

Nice to have a +upl for a change.

I must test Monica, it seems to be fantastic. Do You have all the default pairs left on Your Ibfx Monica? (I think You have removed CADCHF, I donīt think Ibfx has this pair)

Best wishes
Elovv
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