scooby-doo BOJ JPY pairs trading robot
- #7,982
- Apr 2, 2010 8:49am Apr 2, 2010 8:49am
- | Joined Nov 2006 | Status: Trader | 1,143 Posts
This is really interesting.
The attached update has the ATR values on display. This shows how far the market has to move on the higher ATR time frame settings.
Maybe you guys with a better 'feel' for the markets than me could think about the ranges displayed and which UsexxxATRrt setting to use as a trade trigger. For now, the robot defaults to the H1.
Popping it on an Alpari UK demo 1H chart, there has been a retrace from a down trend. Using the 15M ATR trade trigger, the bot sent the appropriate sell stop and so appears to be working as originally...
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
- #7,986
- Apr 2, 2010 5:22pm Apr 2, 2010 5:22pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Steve,
As a general rule of thumb, if the price retraces by 25% of its daily ATR then you are good to place a pending order in the overall direction of the original trend.
Scoobs.
Talking about a buy for convenience, TGL waits for a retrace below the 20 period 15M ema of x% to trigger a buy stop.
So, a retrace of 25% of the Daily ATR is reasonable to trigger a buy stop.
Ball-park figure: how much of this 25% of the Daily ATR will be taken up by retracing to the 20 period 15m ema in the first place?
Cheers
- #7,987
- Apr 2, 2010 5:36pm Apr 2, 2010 5:36pm
- Joined Jul 2009 | Status: Trader | 2,158 Posts
Scoobs, I want to pick your brain again.
Talking about a buy for convenience, TGL waits for a retrace below the 20 period 15M ema of x% to trigger a buy stop.
So, a retrace of 25% of the Daily ATR is reasonable to trigger a buy stop.
Ball-park figure: how much of this 25% of the Daily ATR will be taken up by retracing to the 20 period 15m ema in the first place?
Cheers
This is actually tricky to work out based on how the EA currently works.
Let me have a think about it and I will come back ASAP.
Scoobs.
PS. You shouldnt be working at Easter. Take a break. You deserve it.
- #7,988
- Apr 2, 2010 5:48pm Apr 2, 2010 5:48pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
I knew someone was going to ask this.
This is actually tricky to work out based on how the EA currently works.
Let me have a think about it and I will come back ASAP.
Scoobs.
PS. You shouldnt be working at Easter. Take a break. You deserve it.
- all ema's on all time frames (your trend filter, so you know what I am talking about, unless you have done a Steve and forgotten what the code does) are pointing upwards, so there is an up trend.
- the market retraces to x% below the smallest ema - currently the 20 period 15M ema. At some point, this triggers a pending buy.
Hehe. Given that the previous incarnation of the bot was ridiculously profitable when it simply, if erroneously, bought into a long trend, then measuring any kind of retrace is a positive.
All I am doing is trying to make the retrace measurement more accurate. Less inaccurate will be good as well.
I will receive anything you come up with appreciatively.
So, no rush scoobs. I have some serious loblacking to do this weekend as well.
loblacking? The active thingy (doing word - adverb?) of loblac. Lying On Back Looking At Ceiling.
- #7,989
- Apr 2, 2010 6:10pm Apr 2, 2010 6:10pm
- Joined Jul 2009 | Status: Trader | 2,158 Posts
The ea works thus, taking a buy as an example:
- all ema's on all time frames (your trend filter, so you know what I am talking about, unless you have done a Steve and forgotten what the code does) are pointing upwards, so there is an up trend.
- the market retraces to x% below the smallest ema - currently the 20 period 15M ema. At some point, this triggers a pending buy.
Hehe. Given that the previous incarnation of the bot was ridiculously profitable when it simply, if erroneously, bought into a long trend, then measuring any...
Ok, until I come up with something more scientific... Yes, we can live in hope.
Example:
- GBPUSD is in an up trend based on EMA's.
- Use the smallest EMA being 20 day M15 = 1.52018.
- If price moves below 0.25% of 1.52018 = 1.51637 or less.
- Place pending buy order back @ 1.52018 hoping to catch the trend reformation.
Scoobs
- #7,990
- Apr 2, 2010 6:46pm Apr 2, 2010 6:46pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Ok, until I come up with something more scientific... Yes, we can live in hope.
Example:
- GBPUSD is in an up trend based on EMA's.
- Use the smallest EMA being 20 day M15 = 1.52018.
- If price moves below 0.25% of 1.52018 = 1.51637 or less.
- Place pending buy order back @ 1.52018 hoping to catch the trend reformation.
Scoobs
Cheers scoobs. Sounds like a plan to me.
- #7,991
- Apr 2, 2010 6:58pm Apr 2, 2010 6:58pm
- Joined Jul 2009 | Status: Trader | 2,158 Posts
*drags up from the sofa because computer is making its insistent 'scoobs has added a reply' noise that is hard-programmed to increase in intensity until I attend to it*
Cheers scoobs. Sounds like a plan to me.
So, 4H should be ok too but I dont know what will happen with the smaller TF's due to noise etc.
Basically 3 things could happen...
1. The trend reforms.
2. The trend reverses.
3. The trend reforms and then reverses again. This is what will cause the problem. But I will have a think about it.
Scoobs.
- #7,992
- Apr 2, 2010 7:04pm Apr 2, 2010 7:04pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Hmmmmm. So your commercial trading activities depend on me being dragged from my sofa because you have posted on FF?
Better not tell your bosses.
Better not tell your bosses.
- #7,993
- Apr 2, 2010 7:07pm Apr 2, 2010 7:07pm
Ok, until I come up with something more scientific... Yes, we can live in hope.
Example:
- GBPUSD is in an up trend based on EMA's.
- Use the smallest EMA being 20 day M15 = 1.52018.
- If price moves below 0.25% of 1.52018 = 1.51637 or less.
- Place pending buy order back @ 1.52018 hoping to catch the trend reformation.
Scoobs
I think Steve was proposing a deviation of, e.g., 25% of Daily ATR
- #7,994
- Apr 3, 2010 2:06am Apr 3, 2010 2:06am
- | Joined Dec 2005 | Status: It's only money | 1,413 Posts
Ok, until I come up with something more scientific... Yes, we can live in hope.
Example:
- GBPUSD is in an up trend based on EMA's.
- Use the smallest EMA being 20 day M15 = 1.52018.
- If price moves below 0.25% of 1.52018 = 1.51637 or less.
- Place pending buy order back @ 1.52018 hoping to catch the trend reformation.
Scoobs
TRADE FOR SWAP
- #7,995
- Apr 3, 2010 10:28am Apr 3, 2010 10:28am
- | Commercial User | Joined Apr 2007 | 8,331 Posts
In case anybody is getting withdrawal symptoms and wants to do a bit of chart-gazing to try to work out the best defaults, I have added some more columns to the display: market price; the price at which a pending trade will be triggered: its opening price: take profit; stop loss; spread.
I have also added some more pairs. The spread display will help you decide which pairs to take out.
Changing time frames causes odd things to happen to the display.
Merely editing inputs in the inputs window does not work properly. When changing inputs whilst the robot is already running:
I have also added some more pairs. The spread display will help you decide which pairs to take out.
Changing time frames causes odd things to happen to the display.
Merely editing inputs in the inputs window does not work properly. When changing inputs whilst the robot is already running:
- call up the inputs window and save your set file.
- make the edits and save the set file again
- cancel the edit window.
- remove the robot from the chart.
- re-load the robot, calling up your set file.
If you want to play whilst the criminals are shut, use mt4 ticker to generate ticks and force the robot to display its info.
Any pair that has zero values in its ATR display is not traded by your criminal and should be removed.
- #7,996
- Apr 3, 2010 12:59pm Apr 3, 2010 12:59pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
I have just had a pm from p777m, sending me a fix for the display problem when time frames change. Cheers p777m, this will make it much easier for people trying to work out which of the various ATR settings to use.
Some time over the weekend, I will add this to all the robots. In the meantime, this version of TBL allows tf changes without mucking up the display.
Some time over the weekend, I will add this to all the robots. In the meantime, this version of TBL allows tf changes without mucking up the display.
- #7,998
- Apr 3, 2010 1:58pm Apr 3, 2010 1:58pm
- Joined Jul 2009 | Status: Trader | 2,158 Posts
I have just had a pm from p777m, sending me a fix for the display problem when time frames change. Cheers p777m, this will make it much easier for people trying to work out which of the various ATR settings to use.
Some time over the weekend, I will add this to all the robots. In the meantime, this version of TBL allows tf changes without mucking up the display.
Are you going to implement the changes about % retracement ?
Scoobs.