Trade what you see - Not what you think 
- #782
- Sep 21, 2006 6:08pm Sep 21, 2006 6:08pm
- Joined Sep 2005 | Status: J16 Senior Member | 13,635 Posts
Indicators show the past. Price Action "Indicates" the future.
- #793
- Sep 22, 2006 7:01am Sep 22, 2006 7:01am
- | Commercial User | Joined Oct 2005 | 2,899 Posts
Hello! Have you had a look at the daily gbp chart? Is this one of your prime set-ups on a trade with Bago method? A few posts ago you were explaining how to get in an hour to 4h earlier.
If it does, let see if we can make 200-300 pips on this one in the next few days. ...
It’s that simple…
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- #794
- Sep 22, 2006 7:34am Sep 22, 2006 7:34am
Nice call- As soon I look the chart this morining- I remembered your post from yesterday. You nailed it!! Congrats! Hopefully you covered up 50 or so early morning.
My limit sell (short) order was triggered (post # 772) got filled at 1.9055 during my sleep. Let's now see if Bago signals shows up, in the next few hours.
If it does, let see if we can make 200-300 pips on this one in the next few days. ...
It’s that simple…
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Trade what you see - Not what you think
Hi guys,
I don't know if I should call this an EA for Bago system because it 's a mechanical system with no human discretionary in it. But it's rooted from the original bago rules, with added filters. It takes no advantage of fibo or TL (it would be nice to have those but I still haven't found an easy way to program it), so the test result is much worst than what I saw in this thread.
But by adding filters based on vegas tunnel and market hours, it become pretty profitable in 4 pairs (GBPUSD, EURUSD, USDCHF, AUDUSD, others are disasters). The tick to tick backtesting on these 4 pairs in 2006 shows about from 100% to 400% account growth on each pair. I only started the forward testing in this week and till now the account equity has increased about 25% (3 lots per trade is probably at little too high for a 5000 demo account and it may blow the account off next week
).
This is not a fully tested system and its performance is far worse than if you use human discretionary. But it seems to have a lot of potential(I programmed original sidus and knife system too, but can't make them profitable mechanically). I throw it out there for the spirit of this thread and this forum, hopefully someone smarter than me can pick something up from it and make something better. And till then, send me a copy of your EA please,
Don't trade real money with this EA! And it is for 1 hour chart.
I don't know if I should call this an EA for Bago system because it 's a mechanical system with no human discretionary in it. But it's rooted from the original bago rules, with added filters. It takes no advantage of fibo or TL (it would be nice to have those but I still haven't found an easy way to program it), so the test result is much worst than what I saw in this thread.
But by adding filters based on vegas tunnel and market hours, it become pretty profitable in 4 pairs (GBPUSD, EURUSD, USDCHF, AUDUSD, others are disasters). The tick to tick backtesting on these 4 pairs in 2006 shows about from 100% to 400% account growth on each pair. I only started the forward testing in this week and till now the account equity has increased about 25% (3 lots per trade is probably at little too high for a 5000 demo account and it may blow the account off next week
).This is not a fully tested system and its performance is far worse than if you use human discretionary. But it seems to have a lot of potential(I programmed original sidus and knife system too, but can't make them profitable mechanically). I throw it out there for the spirit of this thread and this forum, hopefully someone smarter than me can pick something up from it and make something better. And till then, send me a copy of your EA please,
Don't trade real money with this EA! And it is for 1 hour chart.
Target: Trading naked. 