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scooby-doo BOJ JPY pairs trading robot

  • #8,381
  • Jun 29, 2010 4:58am Jun 29, 2010 4:58am
Quoting scooby-doo
Fixed problem with Trailing function.

Please re-download.

Scoobs.
Hey Mark,

Well done with this beasty - I have changed settings to;
LTF = 30
MTF = 240
HTF = 1440

These are similar TF's to what I use for my SSS EA with great success http://www.forexfactory.com/showthread.php?t=217950

Thanks champ!

getdown71
  • #8,382
  • Edited 6:15am Jun 29, 2010 6:12am | Edited 6:15am
Quoting vinesh
Scoobs,
Could you please let us choose the pairs for this scalper. My broker has fixed spread of 1 pip for main 6 (Eu, Gu, Au, Uj, Uchf and ucad) for the rest they r horrible. The 1st trade this robot took was Eur/Aud which has 15 pips spread. Not a scalper's delight exactly.
But it can be on the pairs I mentioned.
Vinesh

hi Vinesh,

here is a "user-specified-pairs" version of MTF scalper .
I also find it useful to select pairs by myself...
(based on latest by Scoobs in post 8380 above).

If you want to run it only on the current chart pair (=non multi-pair mode), simply empty the "PairsToTrade" input, or put any non-alphabetic character in front of the list (like "---EURUSD,etc...")

SQ
Attached File(s)
File Type: mq4 MTF Scalper - UserPairs.mq4   11 KB | 583 downloads
  • #8,383
  • Jun 29, 2010 8:24am Jun 29, 2010 8:24am
i launched MTF Scalper last night with ema100/ema110/rsi50/trailing500 settings, on all default pairs that it trades.
That's not exactly "scalping" anymore , all right...

Here are the results as of now: (0.1 lot per trade, that's roughly $1/pip)

closed profit = 94.50 USD
upl = 297.64 USD and growing...

Not bad for just a few hours. http://cdn.forexfactory.com/images/s.../yim/happy.gif

I manually closed the GBPJPY trade at -70, as the bot wasn't kicking its "close" condition and price was heading north rapidly.

We may have to work out the "trailingstop" function, which only kicks in when the trade is at BE+trailing.
With SL and TP set to the previous daily low/high, that would lead to big losses when price turns around...
As it did on GJ this morning.

I'm using much longer EMAs, though, which is probably why the "close" did not trigger.


SQ

Attached Image (click to enlarge)
Click to Enlarge Name: MTF Scalper 100-110-50 2010-06-29.gif Size: 11 KB
  • #8,384
  • Jun 29, 2010 9:36am Jun 29, 2010 9:36am
Quoting squalou
hi Vinesh,

here is a "user-specified-pairs" version of MTF scalper .
I also find it useful to select pairs by myself...
(based on latest by Scoobs in post 8380 above).

If you want to run it only on the current chart pair (=non multi-pair mode), simply empty the "PairsToTrade" input, or put any non-alphabetic character in front of the list (like "---EURUSD,etc...")

SQ
Ty very much Sq. Much appreciated.
  • #8,385
  • Jun 29, 2010 10:01am Jun 29, 2010 10:01am
Quoting squalou
i launched MTF Scalper last night with ema100/ema110/rsi50/trailing500 settings, on all default pairs that it trades.
That's not exactly "scalping" anymore , all right...

Here are the results as of now: (0.1 lot per trade, that's roughly $1/pip)

closed profit = 94.50 USD
upl = 297.64 USD and growing...

Not bad for just a few hours. http://cdn.forexfactory.com/images/s.../yim/happy.gif

I manually closed the GBPJPY trade at -70, as the bot wasn't kicking its "close" condition and price was heading north...
RSI 50?
  • #8,386
  • Jun 29, 2010 10:08am Jun 29, 2010 10:08am
Quoting vinesh
RSI 50?

that's right: RSIPeriod=50

TF M15,

FastEMA=100
SlowEMA=110
Trailing=500

on default pairs.

SQ
  • #8,387
  • Jun 29, 2010 10:34am Jun 29, 2010 10:34am
Quoting squalou
that's right: RSIPeriod=50

TF M15,

FastEMA=100
SlowEMA=110
Trailing=500

on default pairs.

SQ
I think TF doesn't matter it looks at 15M, 1H and 4H only.
  • #8,388
  • Jun 29, 2010 11:14am Jun 29, 2010 11:14am
Hey Sqalou,
Any chance you might make the tweak for ecn brokers for me? Want to play with it but its pointless to me to play with it on a bucketshop.
Thanks for the consideration
  • #8,389
  • Jun 29, 2010 11:29am Jun 29, 2010 11:29am
Thanks for the corrected update, Scooby.

I was playing with it on backtest yesterday and getting some lovely smooth runs only for them to be wiped out with absolutely huge losses that seemed way bigger than they should have been. I am assuming this was due to the problems with closure.

Cheers

Invisible
  • #8,390
  • Jun 29, 2010 12:06pm Jun 29, 2010 12:06pm
Quoting tazmaan
Hey Sqalou,
Any chance you might make the tweak for ecn brokers for me? Want to play with it but its pointless to me to play with it on a bucketshop.
Thanks for the consideration

here you are Tazmaan...

"brokerIsECN" input added (set it to "true" for ECN)

cheers
SQ
Attached File(s)
File Type: mq4 MTF Scalper - UserPairs ECN.mq4   11 KB | 667 downloads
  • #8,391
  • Jun 29, 2010 12:27pm Jun 29, 2010 12:27pm
Quoting squalou
here you are Tazmaan...

"brokerIsECN" input added (set it to "true" for ECN)

cheers
SQ
Your mods are highly appreciated....
  • #8,392
  • Jun 29, 2010 12:41pm Jun 29, 2010 12:41pm
Quoting tommyd
Your mods are highly appreciated....
you're welcome buddy!

SQ
  • #8,393
  • Jun 29, 2010 1:34pm Jun 29, 2010 1:34pm
Yes thank you very much sq!!
  • #8,394
  • Jul 1, 2010 3:14am Jul 1, 2010 3:14am
Thanks Scooby for the generous sharing of your MTF Scalper Robot and thanks Squal for the mods.

Just a couple of suggestions:

Is it possible to have an external Stoploss input instead of using just the calculated ATR SL? I know how to code it on single currency bots but I still haven't got my head round how the multi currency bots work with the YEN pairs (stupid I know).

I have tried to include a Fractal entry filter into the bot (a la the geoff simple EA) to sharpen the entry a bit, but i'm not sure if I have put the code in the right place (again due to it being a multi currency MTF bot). If I posted the code could someone just have a scan over it?

The hope is that with a more refined entry, the SL could be fixed (say 50 pips) to minimize the big losses.

I have had the MTF Scalper running on a demo account since Tuesday and it is doing well. I will post the results at the end of the week.

Cheers guys
Noodles
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #8,395
  • Jul 2, 2010 5:52am Jul 2, 2010 5:52am
Quoting squalou
that's right: RSIPeriod=50

TF M15,

FastEMA=100
SlowEMA=110
Trailing=500

on default pairs.

SQ
How are your settings doing, squalou?

Like Jimmy said: A fixed SL would be good to minimize the big losses (maybe a manual option).

Best regards and thank you very much for sharing your stuff, Scoobs!
  • #8,396
  • Jul 2, 2010 6:16am Jul 2, 2010 6:16am
Quoting Meister81
How are your settings doing, squalou?

Like Jimmy said: A fixed SL would be good to minimize the big losses (maybe a manual option).

Best regards and thank you very much for sharing your stuff, Scoobs!
You need to be careful when using fixed SL with the XXXJPY pairs, by there nature they are high ranging FX instruments and you need to give them space to breath unlike EURUSD etc. Having tight SL will end up with more blown trades than successful ones.

This is why most traders including commercial ones avoid them like the plague.

I on the other hand have balls of steel. And besides its not my money I am trading them with.

Scoobs.
  • #8,397
  • Jul 3, 2010 3:08am Jul 3, 2010 3:08am
Quoting scooby-doo
You need to be careful when using fixed SL with the XXXJPY pairs, by there nature they are high ranging FX instruments and you need to give them space to breath unlike EURUSD etc. Having tight SL will end up with more blown trades than successful ones.

This is why most traders including commercial ones avoid them like the plague.

I on the other hand have balls of steel. And besides its not my money I am trading them with.

Scoobs.
Fair point - but if the fixed stop loss was an option then couldn't it just be implemented on the non-JPY (or less volatile) pairs?

I was having good results with MTF Scalper until a couple of huge losses took the demo account back to a little below BE.

Just two pence worth.

Noodles
The best trade I ever made was my SIN for Jesus' RIGHTEOUSNESS.
  • #8,398
  • Jul 3, 2010 1:35pm Jul 3, 2010 1:35pm
My demo of the newest scoobs bot is running at more or less BE as well.
Great overall strategy, I wonder how we might optimize the SL/TP to get consistent on profits.

Thanks to Scoobs for posting it.

Odysseus
forexfusiondotcom
  • #8,399
  • Jul 7, 2010 9:27am Jul 7, 2010 9:27am
Hi,

Could it be possible to implement a time lapse for it watch the market for entry conditions, taking into consideration the pair to trade. This suggestion comes from a post that Scooby made regarding open/close of base currency market sessions. Zoogle made it into one of his bots but I cannot port it to MTF Scalper (just beginning to touch mql).

Many pips to all,
Best regards

Quoting scooby-doo
The reverse is also true.

Example GBPJPY has been making new lows overnight before London open.
There will be a retrace UP when or just before London opens. ...
  • #8,400
  • Jul 7, 2010 9:46am Jul 7, 2010 9:46am
Hello,

I keep having excellent success with scoob´s mtf scalper bot.... closing logic aside.... Have been closing trades manually when in plus. Most positions that cause an initial draw down come eventually around and end up in plus as well.

FxPro demo account opened with $50.000 is up to $67.580 since first release of bot.

Genius set up idea here ;-)
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