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scooby-doo BOJ JPY pairs trading robot

  • #8,281
  • Apr 23, 2010 8:07am Apr 23, 2010 8:07am
On demo it is up 47% after two months, divided into 40% the first month and only 7% in the second month. DD may be an issue here, though, having reached up to 10-12% (on balance. havenīt tracked it on equity).
Remember it works only with GJ and UJ and that it has MPTMīs placing a plain 40-pip SL on every trade.
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  • #8,282
  • Apr 23, 2010 10:34am Apr 23, 2010 10:34am
Quoting macman
BE set to +15
BE profit +2
JS = +17,5
JS profit enabled
1/2 position closed at BE

Broker is Alpari UK
Hi. With you have something that good, can you post the exact source code of the EA you are using along with .set files?

(there were multiple versions of "1.6").
  • #8,283
  • Apr 23, 2010 11:27am Apr 23, 2010 11:27am
Quoting mbkennel
Hi. With you have something that good, can you post the exact source code of the EA you are using along with .set files?

(there were multiple versions of "1.6").
Attached is the version I use. It is the last version by Scooby. The only change I have made to the code is to add an input called LotDivisor which is default set to 37500. The value you input here calculates the lot size using the formula AccountBalance/LotDivisor. You also need to understand how to use Steve's MPTM with the settings posted earlier.

That's it - best of luck
Attached File(s)
File Type: mq4 The Holy Grail v1.6.mq4   11 KB | 642 downloads
  • #8,284
  • Apr 23, 2010 11:47am Apr 23, 2010 11:47am
Hello all and hope everyone has a nice weekend. Thanks for the update Steve. Also thanks Macman for your post looks great. If you have a second Macman, I was trying to figure out your mptm settings, and I am not sure about the one that says JS = +17,5. Your be profit is showing 2 and if you have JS enable with Jump after breakeven only wouldn't it be JS=+17,2? Not sure where the 5 in JS=+17,5 is coming from?
Thanks
Vince
  • #8,285
  • Apr 23, 2010 12:33pm Apr 23, 2010 12:33pm
Quoting letizia
Hello all and hope everyone has a nice weekend. Thanks for the update Steve. Also thanks Macman for your post looks great. If you have a second Macman, I was trying to figure out your mptm settings, and I am not sure about the one that says JS = +17,5. Your be profit is showing 2 and if you have JS enable with Jump after breakeven only wouldn't it be JS=+17,2? Not sure where the 5 in JS=+17,5 is coming from?
Thanks
Vince
JS = Jumping Stop
17,5 = 17 1/2 pips ( I am with a 5 digit borker)
  • #8,286
  • Apr 23, 2010 12:40pm Apr 23, 2010 12:40pm
Hello Macman and thank you. Yes I knew JS=Jump Stop, but wasn't sure what the 5 was. Now I know, it was you are using a 5 digit broker.
Thanks again and have a nice day!
Vince
  • #8,287
  • Apr 23, 2010 3:49pm Apr 23, 2010 3:49pm
Quoting SteveHopwood
Swing Momentum Trader has made a nice start. I have been using mptm to keep an eye on the global upl and close all trades at +5%; this has happened twice. All the other profitable trades mean the account is up just shy of 10% without any worrying drawdown.

SMT's much more sophisticated elder sister is already up and running - waits for, say, a swing high on the D1 and 4H, then buys after a swing low on the 1H. Trade closure is on a swing high on the H1 or hitting Atr take profit. I will let people have this one when I have ironed out the wrinkles...
Yes, my demo has made a nice start also. It initially lost about 5%, but when I awoke today it was up to over 7% profit. I have not been using MPTM though. I look forward to next week and SMT's older sister.
  • #8,288
  • Apr 23, 2010 4:35pm Apr 23, 2010 4:35pm
Quoting octomanoak
Yes, my demo has made a nice start also. It initially lost about 5%, but when I awoke today it was up to over 7% profit. I have not been using MPTM though. I look forward to next week and SMT's older sister.
Once the problem with using a contrary swing to close the trade became obvious, I immediately started to look at ways of alleviating the problem.

The first, and so far only, thing I tried was treating the trades as a basket and using mptm to close them as I described earlier. Since my last post, the results have been astonishing

Two more 'baskets' closed since my last post, at +1% each of balance; the account up 17.5% in two days.

Frankly, I am surprised by this. I have described the simple trading methodology earlier - doesn't get much more simple than this one.

I am looking forward to next week.

  • #8,289
  • Apr 23, 2010 4:36pm Apr 23, 2010 4:36pm
Quoting macman
Attached is the version I use. It is the last version by Scooby. The only change I have made to the code is to add an input called LotDivisor which is default set to 37500. The value you input here calculates the lot size using the formula AccountBalance/LotDivisor. You also need to understand how to use Steve's MPTM with the settings posted earlier.

That's it - best of luck
This is the key point:

Here is from the code you posted:

Inserted Code
    int take = 3 * iATR(symbol,M15,14,0)/MarketInfo(symbol,MODE_POINT); 
    int stop = 4 * iATR(symbol,M15,14,0)/MarketInfo(symbol,MODE_POINT);
Most of Scooby's had 2 for take multiplier not 3. Are you SURE you didn't modify it?

Or is this a really fortuitious change with MPTM.
  • #8,290
  • Apr 23, 2010 6:50pm Apr 23, 2010 6:50pm
Quoting SteveHopwood
Once the problem with using a contrary swing to close the trade became obvious, I immediately started to look at ways of alleviating the problem.

The first, and so far only, thing I tried was treating the trades as a basket and using mptm to close them as I described earlier. Since my last post, the results have been astonishing

Two more 'baskets' closed since my last post, at +1% each of balance; the account up 17.5% in two days.

Frankly, I am surprised by this. I have described the simple trading methodology earlier - doesn't get much more...
Yes, it is a little surprising, especially since I had never used the "market flow" as a trading strategy, only as a tool to aid in confirmation of direction.

It may be that when there is momentum in the markets this trading approach works well. It will be interesting to see how it continues to perform.

Steve, in your earlier post you indicated you were using global closure at 5%. Have you since changed it to 1%?

Also, exposing my lack of full understanding of MPTM, how is global closure different from using the basket closure if setting a dollar amount or percent of balance to close all trades and/or the basket?
  • #8,291
  • Apr 24, 2010 4:48am Apr 24, 2010 4:48am
Quoting mbkennel
This is the key point:

Here is from the code you posted:

Inserted Code
    int take = 3 * iATR(symbol,M15,14,0)/MarketInfo(symbol,MODE_POINT); 
    int stop = 4 * iATR(symbol,M15,14,0)/MarketInfo(symbol,MODE_POINT);
Most of Scooby's had 2 for take multiplier not 3. Are you SURE you didn't modify it?

Or is this a really fortuitous change with MPTM.
Hmmm ... good question.

Now you mention it, I believe I did alter the TP & SL when I first started using MPTM to control exits. I usually add a note into the code but seem to have missed doing that.

If you can improve performance any further, please post
  • #8,292
  • Apr 24, 2010 4:57am Apr 24, 2010 4:57am
Quoting octomanoak

Steve, in your earlier post you indicated you were using global closure at 5%. Have you since changed it to 1%?
That was a miss-type. I meant 1%.

Quote
Also, exposing my lack of full understanding of MPTM, how is global closure different from using the basket closure if setting a dollar amount or percent of balance to close all trades and/or the basket?
None if there is only one type of trading method/ea being used on the account. If, say, you are demoing two ea's on the same account, global closure will work with the entire upl, whilst basket functions can be targeted at members of a particular basket.

  • #8,293
  • Apr 24, 2010 9:17am Apr 24, 2010 9:17am
I have started a new thread about swing trading. I ask those of you interested in this to post about my latest robots there, to avoid confusion amongst those who come here for the first time

http://www.forexfactory.com/showthre...94#post3667894

  • #8,294
  • Apr 27, 2010 1:36am Apr 27, 2010 1:36am
It just closed two batches this week hit tp. I am using tpMultiplicationFactor=800 and risk =80000 with some success for the 2nd week now. At least I am pulling myself out of the hole but still a bit more to go. This ratio is about 1:2 will see how it continue to develop.
  • #8,295
  • Apr 27, 2010 6:23am Apr 27, 2010 6:23am
tpmultiplyer 800 wow that is 4 times the default

Don;t understand the 8000.... were is that

What s your basketstoploss percent?.... 10 is default

glad to hear you maling up some losses
  • #8,296
  • Apr 27, 2010 8:43am Apr 27, 2010 8:43am
Quoting dryclean
tpmultiplyer 800 wow that is 4 times the default

Don;t understand the 8000.... were is that

What s your basketstoploss percent?.... 10 is default

glad to hear you maling up some losses

My Basketstoploss = 10. Yes, I increased tpmultiplier to achieve better risk reward ratio. I noticed too much profit was left on the table. Now for risk, I adjusted the code below from 20000 to 80000. My arguement is if I lost, I would lose only 2% instead of 8% of my account. This would allow me to stay in the game longer and can withstand more loses without running out of capital and hopefully with the higher tpmultiplier, I would recover from my loses 4x as fast. It seemed working so far. http://cdn.forexfactory.com/images/icons/icon7.gif

// if (OnlyTradingThisSystem) BaseLot = NormalizeDouble(AccountBalance() / 20000, decimals);

to

if (OnlyTradingThisSystem) BaseLot = NormalizeDouble(AccountBalance() / 80000, decimals);
  • #8,297
  • Apr 27, 2010 10:59am Apr 27, 2010 10:59am
Thanks for the info

How long have you been at it with the 800 - 8000. I don't want to give up on the BOJ. Hopefuly this will help it.
  • #8,298
  • Apr 27, 2010 12:20pm Apr 27, 2010 12:20pm
Quoting dryclean
Thanks for the info

How long have you been at it with the 800 - 8000. I don't want to give up on the BOJ. Hopefuly this will help it.
Actually I started on 4/21 so tomorrow will be the 2nd week. Wow! It closed another batch and you know what, I couldn't believe it climbed out of the hole and now sitting at BE. This is incredible good! http://cdn.forexfactory.com/images/icons/icon10.gif
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  • #8,299
  • Apr 27, 2010 1:02pm Apr 27, 2010 1:02pm
Are you running the recomend times. If it just closed now it's been running since about 3am EST. Hell of a run
  • #8,300
  • Apr 27, 2010 1:03pm Apr 27, 2010 1:03pm
S&P have cut Greece credit rating to JUNK STATUS.

http://www.marketwatch.com/story/sp-...tus-2010-04-27

If I were a betting man then I think UK will not be too far behind.

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