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Bagovino Method

  • #1,081
  • Oct 14, 2006 10:50am Oct 14, 2006 10:50am
Actually I dont always wait for the close of the bar if its a strong bar at the end of the Fib spectrum on the Vegas 1hr template.

I'm working on a couple of other methods to confirm a trade as well as a whole different trading system all together!

I will keep you all posted!

This new system will blow you away with its ease and great results.

Bagovino
"Skills pay the bill's!"
  • #1,082
  • Oct 14, 2006 10:58am Oct 14, 2006 10:58am
Bago,

Am waiting impatiently.. hehe.
The future depends on what we do in the present.
  • #1,083
  • Oct 14, 2006 11:06am Oct 14, 2006 11:06am
Thanks bagovino. I know that some of the close at the end of the bar rules can take a lot of pips away but if the signal looks strong enough to get in while the bar is forming then...jump in. I'm just fishing around for an alert that will sound or send an email while I'm at work or wake me up, or just let me know when something is setting up. Ya know, it all comes back to the same old rule about trading...the simpler the better. This fits that rule. I'm also going through Fozzy's thread, just as simple but based on a daily close. Thanks for all of the work you have put into this...so far.


Good Trades To All
  • #1,084
  • Oct 14, 2006 12:07pm Oct 14, 2006 12:07pm
I use this service - is excellent

http://www.ipipi.com/
  • #1,085
  • Oct 14, 2006 12:10pm Oct 14, 2006 12:10pm
Quoting Palmer
Thanks....next question. Is there an alert indicator floating around here somewhere that will play a custom .wav file when the RSI crosses above or below 50???
ere you go

look back over thread everything is here but it involves a little effort on your part
Attached File(s)
File Type: mq4 AX512EMACROSSwRSI.mq4   4 KB | 551 downloads
  • #1,086
  • Edited 2:08pm Oct 14, 2006 1:49pm | Edited 2:08pm
Hi,

I have been playing with this system for a while and have started to use another way of entry and exit. This is a way I have seen used in another system based on EMS relations, so it's no invention of mine:

I go long the first bullish candle above the line after the 5/12 crosses up and go short at the first bearish candle below the line when the 5/12 crosses down. Not much of a change, but it seems to keep me out of some messed up trades. The RSI rule remains the same.
//C
  • #1,087
  • Oct 14, 2006 4:48pm Oct 14, 2006 4:48pm
Quoting cdysthe
Hi,

I have been playing with this system for a while and have started to use another way of entry and exit. This is a way I have seen used in another system based on EMS relations, so it's no invention of mine:

I go long the first bullish candle above the line after the 5/12 crosses up and go short at the first bearish candle below the line when the 5/12 crosses down. Not much of a change, but it seems to keep me out of some messed up trades. The RSI rule remains the same.
Do you use the Bagavino method as described in the first post and just added the candle formation ruke along with that?
Stan
  • #1,088
  • Oct 14, 2006 5:59pm Oct 14, 2006 5:59pm
Quoting cdysthe
Hi,

I have been playing with this system for a while and have started to use another way of entry and exit. This is a way I have seen used in another system based on EMS relations, so it's no invention of mine:

I go long the first bullish candle above the line after the 5/12 crosses up and go short at the first bearish candle below the line when the 5/12 crosses down. Not much of a change, but it seems to keep me out of some messed up trades. The RSI rule remains the same.
What you are doing sounds interesting, particularly since I am always looking to avoid bad trades even if it means missing a few good ones also. I would like some clarification however. When you are referring to the first bearish candle below the line after the 5/12 cross, are you waiting for the first candle to open below the line or do you wait until the candle closes? Thank you for the clarificaton.
  • #1,089
  • Oct 14, 2006 6:02pm Oct 14, 2006 6:02pm
Quoting moonchild
What you are doing sounds interesting, particularly since I am always looking to avoid bad trades even if it means missing a few good ones also. I would like some clarification however. When you are referring to the first bearish candle below the line after the 5/12 cross, are you waiting for the first candle to open below the line or do you wait until the candle closes? Thank you for the clarificaton.
I am waiting for it to open. Sorry for not beaing clear on that point. I look at this as an extra "insurance" against bad trades.
//C
  • #1,090
  • Oct 14, 2006 6:10pm Oct 14, 2006 6:10pm
Quoting Stan
Do you use the Bagavino method as described in the first post and just added the candle formation ruke along with that?
Stan
I am trading bagovino with the added 18/28 EMAs. I started doing the candle formation thing along the way and feel that I am avoiding som bad ones I would have taken.
//C
  • #1,091
  • Oct 16, 2006 7:40am Oct 16, 2006 7:40am
Hey everyone... great thread!

Tell me if I understand this right. If you wait for the close of the candle to take a trade, which I believe is the true method, then if you check the charts every new hour, you should be able to find entries. There is really no reason to look at them in between. Do I have this correct? Thanks in advance.
  • #1,092
  • Oct 16, 2006 7:58am Oct 16, 2006 7:58am
Quoting brick911
Hey everyone... great thread!

Tell me if I understand this right. If you wait for the close of the candle to take a trade, which I believe is the true method, then if you check the charts every new hour, you should be able to find entries. There is really no reason to look at them in between. Do I have this correct? Thanks in advance.
I'm not totally convinced I understand your question, but the deal is that you only look at the candles right after the 5/12 has crossed either up or down. This method does not do anything but slightly correct the entry signals for both going short and long.
//C
  • #1,093
  • Oct 16, 2006 8:02am Oct 16, 2006 8:02am
Let if fall....maybe
Attached Image
  • #1,094
  • Oct 16, 2006 8:08am Oct 16, 2006 8:08am
Quoting cdysthe
I'm not totally convinced I understand your question, but the deal is that you only look at the candles right after the 5/12 has crossed either up or down. This method does not do anything but slightly correct the entry signals for both going short and long.
Yeah, what I meant was I've seen a few instances (very new to this method) where the cross has happenned, but the candle hasn't closed yet. I took a trade, and it is going the other way on me. Of course, it may just be breathing, but could be a bad signal. Should I have waited till the candle closed to confirm that the 5/12 cross was for real. Thanks again!
  • #1,095
  • Oct 16, 2006 8:17am Oct 16, 2006 8:17am
Quoting brick911
Yeah, what I meant was I've seen a few instances (very new to this method) where the cross has happenned, but the candle hasn't closed yet. I took a trade, and it is going the other way on me. Of course, it may just be breathing, but could be a bad signal. Should I have waited till the candle closed to confirm that the 5/12 cross was for real. Thanks again!
Ah ok! Yes, I wait until the candle is closed before I take the trade. You may miss out on some good ones, but that's the premium you will have to pay for this kind of "insurance"
//C
  • #1,096
  • Oct 16, 2006 8:20am Oct 16, 2006 8:20am
Thanks cd!
  • #1,097
  • Oct 16, 2006 8:24am Oct 16, 2006 8:24am
and another one...
This will probably be my last post on this thread as things really got busy with our private fx club and other groups. I may look here again when Bago updates his method after completing his tests....
cheers and happy trading,
Attached Image
  • #1,098
  • Oct 17, 2006 8:05pm Oct 17, 2006 8:05pm
Raczek...

Is that white line a moving average? If so, what value is it... Also, where is that trendline coming from?

B.
"Skills pay the bill's!"
  • #1,099
  • Oct 18, 2006 7:17am Oct 18, 2006 7:17am
Anyone take the short cable signal ?
  • #1,100
  • Oct 18, 2006 8:00pm Oct 18, 2006 8:00pm
guys:

im starting a 19 pair test on the the 1 hour bago starting tonight on ibfx....i'd like to let it run for a month to get a real idea of what pairs are the best to trade. i dont think backtests are accurate so this forward test for a month should give me a good idea of which pairs to keep and which to discard.

if anyone has already done this legwork....appreciate any input...

thanks,

joules360
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