Personally a system that appears to lose too infrequently would make me very suspicious, either it is equivalent of selling options all the time (lots of submarined risk) or is unrealistic or faked.

scooby-doo BOJ JPY pairs trading robot

Does this mean "a whole bunch were long yen and now they're puking because <xxx>" and what is <xxx>

scooby-doo BOJ JPY pairs trading robot

I think this means, for longs, MathMax( breakeven, EMA(20) - 15*pointvalue) and for shorts, everything reversed, i.e. MathMin(breakeven, EMA(20) + 15*pointvalue).

Steve Hopwood's Boris Schlossberg-inspired trading robots

I think this is getting overblown. It's not a matter of "right" or "wrong" (both formulas compute something as they are supposed to) it's a matter of "which is most useful for the purpose at hand". That purpose is, "checking whether the currencies ...

scooby-doo BOJ JPY pairs trading robot

physics, actually, but work I do now is more applied math & statistics. -Quote: “It's more important to be right than to be consistent” stop right there. The underlying scientific question is "what is the meaning of 'x(i)'". Scooby is intentionally ...

scooby-doo BOJ JPY pairs trading robot

What do you mean "false"? Contrary to what a conventional computation is, sure, but why is a conventional computation "right" for trading? The function symboldif() is a highpass filter and therefore the purpose of the test is to look for short term ...

scooby-doo BOJ JPY pairs trading robot

Well, there could be one, but like the heisenberg uncertainty principle, you have no idea which one it is until it's too late. So I agree. More metaish, I remember a guy mentioning (what I later figured out to be) Renaissance with a certain awe ...

scooby-doo BOJ JPY pairs trading robot

statistical note on forward testing — I think that the scoobs stuff is great, but let's remember something on forward testing. a) Stop is 100pts, take profit is 25. This means you need 4x as many winners as losers to break even, in the absence ...

scooby-doo BOJ JPY pairs trading robot

I think I reverse engineered how it works. In fact any indicator can be "futurized", but the value of the results is pretty low to zero. What I believe it does is to project the most recent bar into the future, i.e. just pretend the future is an ...

scooby-doo BOJ JPY pairs trading robot

I don't think it's just the mathematical relation... after all, mathematically USDJPY = AUDJPY/ AUDUSD toobut it's less likely that USDJPY traders need to look at AUD news (or CAD news). Wouldn't it be more that GBPJPY is pro-risk/pro-carry, just ...

scooby-doo BOJ JPY pairs trading robot

i no how it works i no how it works i r smrt i figgered it myself tricksy hobbits and yes it's 100% orc shite

scooby-doo BOJ JPY pairs trading robot

Even worse, Steve's EA doesn't use the server time, it uses the local computer time. So when you run the backtester, it will not "time warp" for those local time calls to "what they were", those will remain the local physical time.

scooby-doo BOJ JPY pairs trading robot

OK, I'll believe you, you want a consensus. Does this mean "USDJPY is OB or OS, plus N others" is the best criteria. Another question---there's a big difference in using RSI(2) if you consider the 'real-time' RSI vs the "previous time period" RSI. ...

scooby-doo BOJ JPY pairs trading robot

good idea. However, if you do the restriction like that (3 out of 4) then the average level of OB/OS will of course typically be less, it's like taking the limit to 15/85 or so. What about average level, plus an upper bound on standard deviation?

scooby-doo BOJ JPY pairs trading robot

I was waiting to get a private message to the great Mr Hopwood, but as I'm still a junior member I am not able to do so. Attached is something I worked on a few years ago. I am offering it up as my humble sacrifice to the market witches, His ...

scooby-doo BOJ JPY pairs trading robot

The issue of counterparty comes up in bankruptcy, fraud or trade disputes. When FX company, say ForexScumDealer takes your order and then offsets it in the "interbank market", they then owe say JP Morgan on their trades or vice versa. JPM allows ...

Question regarding "counterparty" brokers

The actual problem is not economic equivalence (there is little difference), but it is a huge deal in programming EA's. Often you have multiple trades open which may have multiple purposes and strategies. An EA can put them on with different magic ...

NEW MT5 Seriously Stuffed For Traders Platform

risk free rate — Risk free rate is usually the base interest rate for your accounting currency. E.g. for USD based accounts it would be interest rate on money market or short term treasury bills. At present it is virtually zero. The idea is ...

Sharpe's ratio for pairs trading

Using self-bar for channel — I noticed that the instructions and the EA uses a "0" for the shift to get the SMA of the 4H bars. This means that at the beginning of each 4H bar, the high & low equals the current price of course, and the channel ...

SteveHopwood's scooby-doo Shag'emAll trading robot

What fundamentals move currencies? — More seriously, everybody knows the kind of news events which move currencies: interest rates. Global banks buy & sell based on interest rates. Why is there so little discussion here? Re a "secret" which is ...

What is that one forex secret you are holding back from the public???