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scooby-doo BOJ JPY pairs trading robot

  • #8,401
  • Jul 7, 2010 9:58am Jul 7, 2010 9:58am
Quoting Arcturius4
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 ;-)
Nice results, Arcturius4!

Do you use default settings? Or did you change anything?

Best regards!
  • #8,402
  • Jul 7, 2010 10:17am Jul 7, 2010 10:17am
Using default settings.
  • #8,403
  • Jul 16, 2010 4:54am Jul 16, 2010 4:54am
Hi folks,

how is Mtf scalper doing? Any updates?

Best regards!
  • #8,404
  • Jul 18, 2010 12:49pm Jul 18, 2010 12:49pm
I´ve been running it for the last 2 weeks, now around BE. There is a very different performance when you look at each pair separately, meaning that some pairs are doing great, while others are doing poorly. I´ll let it run for another couple of weeks before taking any conclusions on which pairs have potential, times of day, etc.
  • #8,405
  • Jul 22, 2010 5:50am Jul 22, 2010 5:50am
I have stopped my test on MTF Scalper which was running on the 6 pairs I trade manually - default settings.

I may pick it up again later with different settings.
Attached Image (click to enlarge)
Click to Enlarge Name: Scooby_MTF_result.png Size: 17 KB
  • #8,406
  • Jul 22, 2010 6:00am Jul 22, 2010 6:00am
Also retired the reversed version of Big Lewinsky recently -
Attached Image (click to enlarge)
Click to Enlarge Name: Big L reversed DetailedStatement.gif Size: 6 KB
  • #8,407
  • Jul 23, 2010 10:34am Jul 23, 2010 10:34am
Hi Guys,

I love this BOJ bot so I kept on testing it. This time with new idea from Odysseus post a few weeks ago mixed in and reversed the signal. This is what I have. For July, the reverse did tremendrously well got all win except 1 loss but the others kept on losing. I have attached here for anyone who is interested in checking it out. Cheers!
Attached Image (click to enlarge)
Click to Enlarge Name: Boj Reversed.jpg Size: 492 KB
Attached File(s)
File Type: zip boj reverved.zip   15 KB | 465 downloads
  • #8,408
  • Jul 23, 2010 2:44pm Jul 23, 2010 2:44pm
I am running a new EA I built.

Its early days as it only started running today. If it shows any promise then I will realise it here on FF.

http://www.myfxbook.com/members/leno...x-master/41651

Scoobs
  • #8,409
  • Jul 23, 2010 5:43pm Jul 23, 2010 5:43pm
Thanks, Scoobs. I love the name, too. No point having a good bot without a good name . Enjoy the w/e all.
  • #8,410
  • Jul 24, 2010 6:01am Jul 24, 2010 6:01am
I´ve been running the MTF Scalper for 3 weeks, 24/5. Results are not encouraging. I ran three instances of the bot:
A. Trailing stop = 10 and default settings.
B. TS = 20 and default settings.
C. TS = 10, default settings, but SL set at ATR/2 (hard coded) instead of ATR.

The three instances lost money overall. The only pair that showed some legs was gbpusd running in A. All other pairs/instances rendered losses.

gbpusd (A) had 35 winners and just 1 loser, for an overall +230 pips. Average profit was $0.66, and the losing trade was -$15.10 (lotsize 0.01), meaning that we need here a 96% accuracy to break even. I´m leaving it here.
  • #8,411
  • Jul 24, 2010 5:15pm Jul 24, 2010 5:15pm
Someone PMd me and asked what professional/commerciall traders do with the Yen-Carry-Trading.

Example:

A trader borrows 1,000 Japanese yen from a Japanese bank, converts the funds into U.S. dollars and buys a bond for the equivalent amount. Let's assume that the bond pays 4.5% and the Japanese interest rate is set at 0%. The trader stands to make a profit of 4.5% as long as the exchange rate between the countries does not change. Many professional traders use this trade because the gains can become very large when leverage is taken into consideration.

Below is the amount of profit the trader would make based on their leverage.

1:1 = 4.5%
10:1 = 45%
100:1 = 450%

Ofcourse the reverse is true if there is an interest rate change. i.e. YOU WILL BE ESCORTED FROM THE BUILDING BEFORE YOU MAKE IT TO THE TOILET.

Scoobs.
  • #8,412
  • Jul 24, 2010 5:20pm Jul 24, 2010 5:20pm
Yuk.
  • #8,413
  • Jul 24, 2010 5:28pm Jul 24, 2010 5:28pm
Quoting SteveHopwood
Yuk.
Now, forget the 1,000 Yen and imagine a trader borrowed 1,000,000 Yen (we do) using this concept and BOJ raised interest rates overnight by 2% with no prior warning as happend in Ocotober 2001.

Would you phone a friend ?

Scoobs.
  • #8,414
  • Jul 24, 2010 5:43pm Jul 24, 2010 5:43pm
Pah. My pockets are far too deep to worry about such trifles.
  • #8,415
  • Jul 24, 2010 5:45pm Jul 24, 2010 5:45pm
Quoting SteveHopwood
Pah. My pockets are far too deep to worry about such trifles.


can I borrow $5 then ?
  • #8,416
  • Jul 24, 2010 5:52pm Jul 24, 2010 5:52pm
Quoting scooby-doo


can I borrow $5 then ?
I am a UK Bank, so my door is always open so long as you can fulfil the following criteria:

 

  1. you can put down as collateral the equivalent to that you wish to borrow.
  2. the loan is also backed up by HMG.
  3. you are filthy stinking rich.
  4. you belong to my club

  • #8,417
  • Jul 24, 2010 7:58pm Jul 24, 2010 7:58pm
Quoting SteveHopwood
I am a UK Bank, so my door is always open so long as you can fulfil the following criteria:

 

  1. you can put down as collateral the equivalent to that you wish to borrow.
  2. the loan is also backed up by HMG.
  3. you are filthy stinking rich.
  4. you belong to my club

Here, Here,

" A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain" MARK TWAIN

We all love banks and bankers in particular.

Kind regards
  • #8,418
  • Jul 24, 2010 8:08pm Jul 24, 2010 8:08pm
Quoting astral77
Here, Here,

" A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain" MARK TWAIN

We all love banks and bankers in particular.

Kind regards
People should not have a go at bankers.

Everyone forgets the good times when they are making tons of money for their companies, governments, economies etc.

If you look back in history then overall they get it right 99.9% of the time.

When they fail 0.1% every 5-10 years or so they then become the most hated people on the planet.

Most people dont even know what a comercial banker is or what their function is. Most people think its the main man at their local high street bank.

I work in the industry as a trader and yes some people dont like my profession as we take excessive risks.

People should remember the good times for most of the time and keep their knives in the cupboard when things go wrong 0.1% of the time.

I am not defending bankers but they do and always have had a very big role to play in one's countries economics.

Scoobs.
  • #8,419
  • Jul 24, 2010 8:37pm Jul 24, 2010 8:37pm
Quoting scooby-doo
People should not have a go at bankers.
Everyone forgets the good times when they are making tons of money for their companies, governments, economies etc...
Scoobs.
I suppose it is a love hate relationship. Speaking personally I would be unemployed if it was not for the banks. I manage a small company which provides services to some of merchant banks in the city. Ever since the crisis started (lehman going under) our turnover has halved (our bread and butter is IPOs)! What you say regarding the economy is very much true. That is why in the UK with the demise of manufacturing and more reliance on the financial sector the recession in US, Europe and Japan has had such -ve effect on the economy. In short every time they sneeze, UK gets a fever.

On another personal note, my tracker mortgage of base +1% came to an end few months ago, the bank kindly put me on their variable which is base +4.9%. When I called them and asked what deal they could give me they said the best they could do was base +3.5%. The best deal I could get was base+2.4% (never been in arrears, more than 60% equity). The base rate is at all time lows to help the borrowers and not the lenders, but the banks have different ideas.

I think Steve speaks from experience, it has happened to most of us (when you have large bank balance bank, offers of loans at very good rates keep flooding in and as soon as you hit hard times and ask for a loan then you are bad risk)!

Kind regards,
P.s. we all have the highest regard for YOU since you have used your banking experience in order to enlighten, educate and guide us. But some of your colleagues....?
  • #8,420
  • Jul 25, 2010 3:50am Jul 25, 2010 3:50am
Quoting astral77
I suppose it is a love hate relationship. Speaking personally I would be unemployed if it was not for the banks. I manage a small company which provides services to some of merchant banks in the city. Ever since the crisis started (lehman going under) our turnover has halved (our bread and butter is IPOs)! What you say regarding the economy is very much true. That is why in the UK with the demise of manufacturing and more reliance on the financial sector the recession in US, Europe and Japan has had such -ve effect on the economy. In short every...
The majority of traders have only one goal. By any means neccessary to make money for their employers and in turn themselves. They would stab their fellow traders in the back if it meant them becoming trader of the month etc.

Sometimes it can be a horrible profession/environment to work in.

Scoobs.
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