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scooby-doo BOJ JPY pairs trading robot

  • #8,141
  • Apr 13, 2010 2:24pm Apr 13, 2010 2:24pm
you are not meaning that i didn't read it, are you?

i read it, and i think it is possible, that's why i feel strange and asked "why IMPOSSIBLE"? of coz, U.S criminals theoretically doesn't allow (but operatively sort of allowing) it. but this is talking about overall trading, so no need to put emphasis on U.S traders (i'm one though).

sorry for misunderstanding.

and this system is a little similar to one of mine long ago. for opening entry, it might not reasonable to use 15 pips. how about " min( 1/2(previous 6 hours range), iATR(10 on H1) ) ". just like how you define TP.

Quoting SteveHopwood

Will people please read stuff I tell them is available in post 1. Otherwise I will stop posting.
  • #8,142
  • Apr 13, 2010 2:39pm Apr 13, 2010 2:39pm
Quoting charvo
you are not meaning that i didn't read it, are you?

i read it, and i think it is possible, that's why i feel strange and asked "why IMPOSSIBLE"?...
Sorry charvo. Looks like a language misunderstanding. My apologies.

  • #8,143
  • Edited 4:55pm Apr 13, 2010 3:04pm | Edited 4:55pm
Quoting zznbrm
They are probably spending all their time trying to debug your code.
Thanks pal. Anybody wants me to stop coding these robots? Anybody else wants to take over managing this thread?
  • #8,144
  • Apr 13, 2010 7:05pm Apr 13, 2010 7:05pm
Me thinks we need to cut Steve some slack.

This guy gives so much to this community/threads and then has endure smart arse comments like above....

Come on people, give the brother some respect.
  • #8,145
  • Apr 13, 2010 7:48pm Apr 13, 2010 7:48pm
Quote
"You ever tried this example in retail forex.

1-Daily open price 210.00
2-Buy stop & sell stop at 210.00
3-Prices goes up 30pips @ 210.30 (cut-off signal)
4-exit off the sell trade at 210.30 and shift the stop loss on the buy trade at close of sell trade @ 210.30

Scoobs"
I read this. I must be dense, because I don't understand the economic difference between the above, and a buy-stop at 210.30 (with a certain stop loss). From 210 to 210.29, the buy& sell cancel.
  • #8,146
  • Apr 13, 2010 7:50pm Apr 13, 2010 7:50pm
Quoting getdown71
Me thinks we need to cut Steve some slack.

This guy gives so much to this community/threads and then has endure smart arse comments like above....

Come on people, give the brother some respect.
I agree!
  • #8,147
  • Apr 13, 2010 9:02pm Apr 13, 2010 9:02pm
Quoting getdown71
Me thinks we need to cut Steve some slack.

This guy gives so much to this community/threads and then has endure smart arse comments like above....

Come on people, give the brother some respect.
ahmen
  • #8,148
  • Apr 14, 2010 4:25am Apr 14, 2010 4:25am
Quoting winsteadglenn
Amazing, Steve. Since it is so safe, I am using 10 lots on a 100k demo. Working perfectly. After the first hedge stop drops off, I presume the SL of the remaining one is engaged, but not visible? Thanks for this one, Steve.
It is looking good, though I say so myself.

What is supposed to happen is that the hedge limits the overall loss on the two trades to 30 pips.

 

  1. trade 1 fills, then market retraces 30 pips to fill the hedge.
  2. Eventually, one of them will reach + 30, so the hedge will be -60.
  3. At this point, both trades should close. If one is being left open, then this is a bug.

The rationale is this:

 

  1. individual pending trades with a 30 pip stop loss sent 30 pips apart could easily fall prey to a double whammy of both being filled and then retracing to hit their stops - -60 pips.
  2. this method restricts the loss to a maximum of 30 and gives the first trade to open the chance of carrying on to hit to, as has happened a lot.


It might be worthwhile considering a half-close and move to BE at + 30, followed by an extension of the tp. Sometimes the BE stop will be hit, doubling the overall loss on a hedged pair to -60; it could be that this extension will allow the robot to catch more of the move.

Perhaps some of you could do a bit of chart watching to see if such an amendment to the system would be helpful?

  • #8,149
  • Apr 14, 2010 5:34am Apr 14, 2010 5:34am
Everybody should read this: http://forexmoments.com/forums/fx-sc....html#post7323

  • #8,150
  • Apr 14, 2010 5:43am Apr 14, 2010 5:43am
Stats so far:

Closed:

16 Trades = 16 wins / 0 Losses
214 pips, $45.82 profit

Open:

9 Trades = 1 winning / 8 Losing
-977 pips, -$208 loss

Not looking too good
  • #8,151
  • Apr 14, 2010 5:50am Apr 14, 2010 5:50am
Quoting doc816
Stats so far:

Closed:

16 Trades = 16 wins / 0 Losses
214 pips, $45.82 profit

Open:

9 Trades = 1 winning / 8 Losing
-977 pips, -$208 loss

Not looking too good
Sorry if I´m missing something here, but if the maximum floating DD per pair is 60 pips, how can you have almost -1000 pips with just 8 open trades?
  • #8,152
  • Apr 14, 2010 6:03am Apr 14, 2010 6:03am
There must be a bug that's not letting it function as it should. None of these 8 open trades have corresponding hedges open.
  • #8,153
  • Apr 14, 2010 6:08am Apr 14, 2010 6:08am
Quoting doc816
There must be a bug that's not letting it function as it should. None of these 8 open trades have corresponding hedges open.
Then also your stops must be way too far from entry price, much farther than the 60 pips they should be at.
  • #8,154
  • Apr 14, 2010 6:13am Apr 14, 2010 6:13am
There are no stops as they are not necessary. Neither should there be any orphan losing trades, so I need to add some code to mop these up.

  • #8,155
  • Apr 14, 2010 6:14am Apr 14, 2010 6:14am
I don't think it uses stops - since the point is to use hedging to manage the downside risk. But apparently its broken because it's neither hedging nor using stops to close trades that are in deep waters.
  • #8,156
  • Apr 14, 2010 6:20am Apr 14, 2010 6:20am
Quoting doc816
I don't think it uses stops - since the point is to use hedging to manage the downside risk. But apparently its broken because it's neither hedging nor using stops to close trades that are in deep waters.
Got it, my mistake. Orphan trades seem to be the problem then...

Question to Steve: Any problem filling a hedging trade (due to connection downtime, busy context, timeouts, etc) will lead to the same problem. So why not use stops as a secondary safety?

Edited:

Answer: Use MPTM
  • #8,157
  • Apr 14, 2010 6:29am Apr 14, 2010 6:29am
I coded this in a hurry because I have to go out. I have not got any orphan trades. Would someone like to try it out and see if it closes any that they have?

Attached File(s)
File Type: mq4 Scooby-doo Hedge The Crap Out of the Bastards.mq4   32 KB | 258 downloads
  • #8,158
  • Apr 14, 2010 6:43am Apr 14, 2010 6:43am
Quoting SteveHopwood
I coded this in a hurry because I have to go out. I have not got any orphan trades. Would someone like to try it out and see if it closes any that they have?

I just reloaded it.. Getting error "Invalid lots number for orderclose function"
  • #8,159
  • Apr 14, 2010 9:09am Apr 14, 2010 9:09am
Quoting doc816
I just reloaded it.. Getting error "Invalid lots number for orderclose function"
That is nothing to do with the orphan-closing code; this has no error reporting.

Make sure your re-download is using appropriate lot sizes.

  • #8,160
  • Apr 14, 2010 9:45am Apr 14, 2010 9:45am
Quoting SteveHopwood
That is nothing to do with the orphan-closing code; this has no error reporting.

Make sure your re-download is using appropriate lot sizes.

It is using all default settings, including lot size (0.02) None of the orphan trades have closed either.

Attached is the screenshot of the error (in Experts tab)
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 18 KB
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