When I got back, I looked at the orphan-closing code and it was not correct.
It is working in this version.
It is working in this version.
scooby-doo BOJ JPY pairs trading robot
- #8,163
- Apr 14, 2010 3:18pm Apr 14, 2010 3:18pm
When I got back, I looked at the orphan-closing code and it was not correct.
It is working in this version.
Just reloaded it, and it mopped up the orphan trades as originally intended. I changed the the magic number to give it a fresh start for tracking purpose.
Looking forward to seeing some action. :-D
- #8,164
- Apr 14, 2010 3:52pm Apr 14, 2010 3:52pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
The robot is being successful so far because it is sending hedged pending trades at times when the markets are most likely to move dramatically. Using ATR to calculate the take profit means that a trade that runs through to tp is doing much better than those trade pairs that close at -30 overall.
Now, this is no different from a system that trades thus:
Now, this is no different from a system that trades thus:
- send two pending trades as does HTCB.
- if a filled trade hits stop loss, cut the crap and merely close the opposite direction pending trade. Anyone who has used the latest version of the robot to close orphan trades will see that this has the same effect.
So, what I am thinking is this:
- if a first trade hits tp, then this is a decent sort of a move
- if a first trade retraces and the second pending is filled, then this is a decent sort of a move
- from a position where both trades are open, then a move to breakeven on either trades is a decent sort of a move
A 'decent sort of a move' is figuring prominently here. Maybe, once both pendings are filled and the successful one reaches +30, then it should be allowed to follow the move a bit further. For sure this will cut the automatic loss of 30 pips when both trades fill when it works, but will expose the account to a bit more loss when it does not.
So, here is what I am thinking:
- both pendings have filled. Both have a tp based on ATR
- when one of them closes at -60 (which means the winner is +30), move the stop on the winner to breakeven (plus a few?) and hope it continues to the ATR-calculated tp. If you need me to explain the associated risk, then shoot yourself.
Any thoughts, anyone? Especially anyone with more experience of market moves following through to ATR-calculated tp's.
- #8,165
- Apr 14, 2010 3:56pm Apr 14, 2010 3:56pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
One more thought. If anyone has a favourite trading basket that they like to watch following the New York opening, sing out. It only takes a bit of copy/pasting to accommodate this.
- #8,166
- Apr 14, 2010 4:53pm Apr 14, 2010 4:53pm
- | Joined Nov 2009 | Status: Trader | 4,980 Posts
One more thought. If anyone has a favourite trading basket that they like to watch following the New York opening, sing out. It only takes a bit of copy/pasting to accommodate this.
Since none of the other guys want to have a go at this, I will.....First 4 pairs high risk + high adr....last 3 lower risk and a little less adr....
whip
- #8,167
- Apr 14, 2010 5:04pm Apr 14, 2010 5:04pm
- Joined Jul 2009 | Status: Trader | 2,158 Posts
One more thought. If anyone has a favourite trading basket that they like to watch following the New York opening, sing out. It only takes a bit of copy/pasting to accommodate this.
EUR pairs at European open
GBP pairs at London open
USD pairs at New York open.
Scoobs.
- #8,168
- Apr 14, 2010 5:08pm Apr 14, 2010 5:08pm
- Joined Jul 2009 | Status: Trader | 2,158 Posts
The robot is being successful so far because it is sending hedged pending trades at times when the markets are most likely to move dramatically. Using ATR to calculate the take profit means that a trade that runs through to tp is doing much better than those trade pairs that close at -30 overall.
Now, this is no different from a system that trades thus:
[list][*]send two pending trades as does HTCB.[*]if a filled trade hits stop loss, cut the crap and merely close the opposite direction pending trade. Anyone who has used the latest version of...
This because allot of the big daily players will BUY/SELL at opening and take profits towards close.
Scoobs.
- #8,169
- Apr 14, 2010 5:10pm Apr 14, 2010 5:10pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Hi Steve,
Since none of the other guys want to have a go at this, I will.....First 4 pairs high risk + high adr....last 3 lower risk and a little less adr....
whip
It probably isn't all that difficult; I am just not going to try to do this for now.
In the meantime, I am as sure as I can be that the robot will ignore an empty PairsToTrade2 input.
This means that you can have separate instances of the robot running on different charts with umpteen pair/trading times, so long as each robot has a different magic number.
So, including two lots of pair inputs in the robot was actually overkill. All it needed was one pair input. This is what come of thinking purely of myself when coding a robot. Makes life easier, mind.
So, after thinking aloud as I was typing, here is what is on offer: a third basic input for pairs to trade; forget the differential atr stuff 'cos you can simulate this if you want to.
Let me know what you want.
Cheers
- #8,171
- Apr 14, 2010 5:19pm Apr 14, 2010 5:19pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
JPY pairs at Tokyo open
EUR pairs at European open
GBP pairs at London open
USD pairs at New York open.
Scoobs.
OK guys, until I get around to editing the robot to allow for 4 trading periods, read mark and inwardly digest the above.
In terms of HTCB, this means we need two instances of the robot running with different magic numbers. One handles the JPY and EUR pairs; the second handles the GBP and USD pairs.
Tomorrow, I will code the robot with defaults for all four start times and their pairs. In the meantime, use two instances of the robot.
Or should I? One question scoobs. Any reason not to run Europe and London into the same session?
- #8,172
- Apr 14, 2010 5:21pm Apr 14, 2010 5:21pm
- Joined Jul 2009 | Status: Trader | 2,158 Posts
Cheers scoobs.
OK guys, until I get around to editing the robot to allow for 4 trading periods, read mark and inwardly digest the above.
In terms of HTCB, this means we need two instances of the robot running with different magic numbers. One handles the JPY and EUR pairs; the second handles the GBP and USD pairs.
Tomorrow, I will code the robot with defaults for all four start times and their pairs. In the meantime, use two instances of the robot.
Is there any reason why I would get invalid TP or SL on this Robot ?
Scoobs.
- #8,174
- Apr 14, 2010 5:25pm Apr 14, 2010 5:25pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Steve,
Is there any reason why I would get invalid TP or SL on this Robot ?
Scoobs.
Sorry. Couldn't resist. Did you get either on the robot? The robot does not send a stop, so a problem with tp needs addressing.
Our last two posts passed in the ether. From the end of my edited reply, in case you miss it:
One question scoobs. Any reason not to run Europe and London into the same session?
- #8,175
- Apr 14, 2010 5:29pm Apr 14, 2010 5:29pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Here is another thought for those of us able to monitor our accounts regularly.
Once the trades have made a few decent profits and there are a few hedged pairs open, but the upl is positive (has happened to me today because a couple of trades have been well into profit) then close the entire position and bank the profits?
Once the trades have made a few decent profits and there are a few hedged pairs open, but the upl is positive (has happened to me today because a couple of trades have been well into profit) then close the entire position and bank the profits?
- #8,178
- Apr 14, 2010 5:45pm Apr 14, 2010 5:45pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Just checking in with some results from TCF v3 on demo.
Looks promising ... thanks Steve
I do have a reservation, and it is this.
I put the robot on one of my tiny I-don't-care-if-I-lose-every-penny live eglobal accounts. It was a loser.
Maybe all I needed to do was to leave it on longer - even your demo graph has a significant blip that turned out to be just a blip. Trouble is, there is only one of me, I have bugger-all money and lots of robots to test.
That being said, the robot trades a very good system, (scoobs again) so please keep us in touch with your success. I will be the first to reload the robot if yours continues to be successful.
- #8,179
- Apr 14, 2010 5:48pm Apr 14, 2010 5:48pm
- | Commercial User | Joined Apr 2007 | 8,331 Posts
Now its only sending 1 pair ?????????????
I shall look into a possible bug.
- #8,180
- Apr 14, 2010 5:51pm Apr 14, 2010 5:51pm
- Joined Jul 2009 | Status: Trader | 2,158 Posts
It must be tired. ROBOTS ARE PEOPLE TOO, YOU KNOW.
I shall look into a possible bug.
Scoobs.