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Bagovino Method

  • #1,101
  • Oct 19, 2006 1:17am Oct 19, 2006 1:17am
Joules,

Thank you for bringing this up. I think it's a brilliant idea!!!
Your work will not go unrewarded.... If you conduct this test I will give you my new EA that seems to be amazing so far!!!

It is not available to the public and may never be...

Check it out here: http://www.forexfactory.com/forexfor...191#post118191

Thanks,

Bagovino
"Skills pay the bill's!"
  • #1,102
  • Edited 1:23am Oct 19, 2006 1:22am | Edited 1:23am
I use a modified Bagovino method so will be anticipating yours results from testing.Mind you the market has been flat this week how is that going to affect testing.

Regards,

trader777
  • #1,103
  • Oct 19, 2006 7:03pm Oct 19, 2006 7:03pm
You maybe should analyze the trading hours too. I've been picking my trading times to eliminate faulty signals. I'm trading only 1am EST to 2pm or 3pm. I avoid the late afternoon thru evening times here concentrating on the London and NY openings as others have mentioned here too. I've missed a few good ops but avoided more whipsaws. Also I like the alert EAs that wake me up overnight. I rather trade than sleep...don't you?? <grin>

HEY BAGO!!! Anything I can do for you to earn a copy of your other EA??? Please!!! I'll wash your car, windows, walk the dog, baby sit...name it? I need something to retire on buddy.



Quoting Joules360
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
"Though this be madness, yet there is method in it." -Hamlet Act II
  • #1,104
  • Oct 19, 2006 7:19pm Oct 19, 2006 7:19pm
do we have a page with all the EA's for this method?

just wondering...
  • #1,105
  • Oct 19, 2006 9:39pm Oct 19, 2006 9:39pm
Gee Seven,

Pretty funny man!!!!

Anyway, I may turn the EA into just an indicator as I'm not a fan of EA's nor do I believe they will ever work consistantly!

This is looking to become one hell of an indicator though!!!

I'll keep you all updated!

Bago
"Skills pay the bill's!"
  • #1,106
  • Oct 19, 2006 10:15pm Oct 19, 2006 10:15pm
Thanks heaps Bago for all the hardwork and contribution...Looking forward to this new indicator...Hopefully it will be released here... *blush*...
  • #1,107
  • Oct 19, 2006 10:27pm Oct 19, 2006 10:27pm
Quoting bagovino
Gee Seven,

Pretty funny man!!!!

Anyway, I may turn the EA into just an indicator as I'm not a fan of EA's nor do I believe they will ever work consistantly!

This is looking to become one hell of an indicator though!!!

I'll keep you all updated!

Bago
Glad to hear that Bagovino, as I am not really sold on the EA due to too many external variables which cannot be programed.
The human intuition/reasoning, along with the proper indicator(s) is the way to go if you ask me.
To be honest with you, I thouroughly enjoy the "hunt" "wait" "plan" "prepare" and a host of other adjectives in my trading.
IT IS FUN!
Thanks for all your input and effort to this forex community.
Stan
  • #1,108
  • Oct 20, 2006 3:37pm Oct 20, 2006 3:37pm
I may be releasing it soon.... Stay tuned!

B.
"Skills pay the bill's!"
  • #1,109
  • Oct 20, 2006 8:50pm Oct 20, 2006 8:50pm
Can alerts be added to most indicators? I'd like to learn how to make an alarm go off from MA crossovers, etc. Is it hard to tweak an indicator with the MT4 editor to add a wave alarm?


Quoting Stan
Glad to hear that Bagovino, as I am not really sold on the EA due to too many external variables which cannot be programed.
The human intuition/reasoning, along with the proper indicator(s) is the way to go if you ask me.
To be honest with you, I thouroughly enjoy the "hunt" "wait" "plan" "prepare" and a host of other adjectives in my trading.
IT IS FUN!
Thanks for all your input and effort to this forex community.
Stan
"Though this be madness, yet there is method in it." -Hamlet Act II
  • #1,110
  • Oct 21, 2006 5:09pm Oct 21, 2006 5:09pm
Gee Seven, attached are two MT4 indicators that do exactly what you want. The first will send an e-mail message and the second will sound an alert. Noting that both are already part of an existing indicator so you will need to disect them. further I am not an MT4 programmer so I wont be able to help you with any question regarding the structure of the code.

Cheers,
Hiachiever.



Quoting Gee Seven
Can alerts be added to most indicators? I'd like to learn how to make an alarm go off from MA crossovers, etc. Is it hard to tweak an indicator with the MT4 editor to add a wave alarm?
Attached File(s)
File Type: zip indicators.zip   4 KB | 688 downloads
  • #1,111
  • Oct 21, 2006 6:29pm Oct 21, 2006 6:29pm
Thanks Hiachiever, I'll see what I can do with them.
"Though this be madness, yet there is method in it." -Hamlet Act II
  • #1,112
  • Oct 21, 2006 6:51pm Oct 21, 2006 6:51pm
Quoting Stan
Glad to hear that Bagovino, as I am not really sold on the EA due to too many external variables which cannot be programed.
The human intuition/reasoning, along with the proper indicator(s) is the way to go if you ask me.
To be honest with you, I thouroughly enjoy the "hunt" "wait" "plan" "prepare" and a host of other adjectives in my trading.
IT IS FUN!
Thanks for all your input and effort to this forex community.
Stan
I also enjoy the hunting down of a pip or two, but it is the waiting "Patience" that has me tied up at times. I am looking forward to Bagovino's results - I appreciate the information I am reading on this thread.
Thanks Bago!
  • #1,113
  • Oct 23, 2006 5:51pm Oct 23, 2006 5:51pm
The Bagovino Method with the 5 and 12 ema's and the RSI 21 has certainly been profitable for me on 1 hour charts.Using Fibonacci levels has been great.
I bought a commercial system in 2003 and it has a 5ema crossing the 13ema on a 1 hour chart.It was profitable but only had 54 to 60% winning trades.I stopped trading it because there were too many losing trades.

The 5/13 cross worked very well on a 5minute chart because there was very little lag on the entry signals.There was quite a lot of whipsaw.On a 15minute chart , the lag increased so I did not trade the 5/13 crossover.The 15min chart is used by some millionaire traders not using any indicators because they can use a small stop loss above or below the last swing high or low.

On October 23, I sold the GBPUSD at 1.8777 with the one hour Bagovino Method at 1.8777 and made 67 pips.I wish I could use a 30minute chart instead because a 30 minute entry came at 1.8803.That gave an extra 26 pips profit because I didn't have to wait so long for the RSI 21 to cross 50.
However no-one on this forum seems to use the Bagovino Method on a 30minute chart.
  • #1,114
  • Oct 23, 2006 6:51pm Oct 23, 2006 6:51pm
Flyer373

"The 5/13 cross...."

You meant the 5/12 aye???
  • #1,115
  • Oct 23, 2006 6:55pm Oct 23, 2006 6:55pm
For what it's worth...

This is a script that will sound an audible alarm when the RSI is BETWEEN 49 and 51. The alarm is a .wav file that I have called sirenhilo. If you want to change the .wav file, RSI zone, or RSI period you need to change it in the code and recompile it.
Attached File(s)
File Type: mq4 RSIAlert.mq4   < 1 KB | 584 downloads
  • #1,116
  • Oct 23, 2006 7:28pm Oct 23, 2006 7:28pm
Flyer373,

If you check-out Post#298 (7-27-06) on the "New Profitable System - - Sidus", you'll see that Bagovino made mention that he was trying the 30M which would lead into the 1Hr, etc.

You may find this thread interesting.

Regards.
  • #1,117
  • Oct 23, 2006 9:29pm Oct 23, 2006 9:29pm
Quoting Palmer
Flyer373

"The 5/13 cross...."

You meant the 5/12 aye???
No, I use the 5/12 crossover now but I was just writing about the 5/13 because the 13 ema is very close to the 12ema and I have studied the 13ema in great detail.
  • #1,118
  • Edited 4:43pm Oct 24, 2006 3:09pm | Edited 4:43pm
Take note also that if you wish to look at a 30m chart but have the same settings mathmaticaly as are being used on the 1hr chart simply chart a 10/24 cross and an RSI 42...haven't tested it, but the MA's will be within a pip of each other when comparing charts. But this may or may not get you into the trade any sooner. Though at times it is nice to see the price interacting off the MAs (multiple tags, etc). Just an idea.

Just had a post script thought. I think i should qualify my "i haven't tested it" statement. What i have not done is test this particular cross 10/24 on a 30m chart. What i have tested, and use, are multiple time-frame moving averages on my charts. In other words, this morning i got into a breakout trade utilizing the 15m chart and a 96ma with a TDTL break on the EurUsd pair. In at 1.2547 out at 1.2467 for 20 pip move. Why a 96 on a 15m? Cuz i like the simplicity of a 24 on an hourly with my TDTLs. Then i go down to a 15m if price nears the 24 for possible entry. This is one way i trade simple breakouts. I only post this as an example of what one can do with MAs to match them up on different time frame charts.
  • #1,119
  • Oct 24, 2006 8:17pm Oct 24, 2006 8:17pm
Quoting accrete
Take note also that if you wish to look at a 30m chart but have the same settings mathmaticaly as are being used on the 1hr chart simply chart a 10/24 cross and an RSI 42...haven't tested it, but the MA's will be within a pip of each other when comparing charts. But this may or may not get you into the trade any sooner,
Yes, accrete that is right.To stick to the original 1hr Bagovino Method,one should use a 10/24 cross and an RSI 42 on a 30minute chart.The entry point will be similar to the 5/12ema cross and RSI 21 on the 60minute chart.

I tried the 10/24 and RSI 21 on 30minute charts and found that the extra pips I Iused to make by switching from a 60minute to a 30minute chart disappeared.Maybe I will throw out the RSI and use a CCI to reduce lag..

I know one forex mentor who uses his set of ema's on every time frame because he believes that they show support and resistance.He also uses one setting for MACD, RSI and Stochastics on every time frame.
  • #1,120
  • Oct 26, 2006 12:41am Oct 26, 2006 12:41am
Guys,

I FOUND THE HOLY GRAIL!!!!!!!

Please take this from experience and save yourselves time and money!

I have searched the internet hours on end, looked at all the Forums, studied, paid for signals, ebooks, systems etc. for years....
And I found 1 thing. The secret of the Holy Grail...

Here it is:

Find one and only one system that works for you more times than not. Remember NOTHING IS 100%! Make sure it is something you are comfortable with and know like the back of your hand. Know exactly when to get in and out, how much money to risk etc... THEN STICK WITH IT AND "F***" EVERYTHING ELSE!!!!!!!

You will be successful. There is no way you can't. The reason people fail is they always think they will find a better, more accurate, profitable system. So they drop their current one, waste time and money looking through 100's more until they find one that works better than the 100 pieces of garbage they just wasted their time learning. They get effecient with the new system, get tired of it and look for a system even more accurate and profitable. Then repeat this cycle over and over again. Blowing out account after account.

The reason why I write this is one, it's something I've done myself, and two, I see it all over this Forum!!! People jumping from system to system. I see the names on one thread... "Oh, this is the most fantastic method ever!!!" Then next week I see the same names on another thread... "This system is incredible... I made 2,479 pips this week!!!!" Then the week after that they are on the bandwagon of another thread's system... STOP THE MADNESS!!!!!!

I posted this to help, not bash, so please do not take it the wrong way. However, take it in and think about it. Is this you? I'm sure it's 95% of you! I know it's 95% of you because it's the one thing the 5% of successful traders do not do!

I hope this helps!

Thanks for listening!

Bagovino
"Skills pay the bill's!"
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