Bagovino Method | Page 128 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Bag-it: A successful EA based on the Bagovino Method 554 replies

Fully Customizable Bagovino Method EA 43 replies

Newbie question about the Bagovino Method! 11 replies

"Bagovino Method" VS "Cornflower Hourly System" 16 replies

Mouteki-Bagovino-Vegas-Firebird Movie 9 replies

Attachments: Bagovino Method
Exit Attachments

Bagovino Method

  • #2,541
  • Jun 24, 2007 10:54am Jun 24, 2007 10:54am
Quoting MarcoW
Hi Rorieu..

Let me take a stab at your questions here..

Trades as follows..6/18 B 1.3398 4:10a.m. (est)
All EUR/USD S 1.3412 7:11 a.m.
14 pips


6/19 S 1.3413 3:10 a.m.
B 1.3386 5:20 a. m.
27 pips

B 1.3408 10:20 a.m.
S 1.3420 12:20 a.m.
12 pips

6/20 B 1.3425 3:50a.m.
S 1.3420 4:20 a.m.
5 pips

S 1.3421 4:40 a.m.
B 1.3431 6:00 a.m.
-10 pips

6/21 B 1.3388 4:10 a.m.
S 1.3374 7:20 a.m.
-14 pips

B 1.3380 7:50 a.m.
S 1.3401 8:30 a.m.
21 pips

6/22 B 1.3396 1:40 a.m.
S 1.3423 2:25 a.m.
27 pips

B 1.3446 2:00 p.m.
S 1.3467 2:54 p.m.
21 pips

Most of these were 5/8 crosses with exits taken after certain number of pips were on the table, or when the StepRSI moved above or below 50. I used Strada's 10 minute chart.

As far as MACD's, those particular ones were given to me by a very successful trader in both stocks and forex. What I mean by "how I use them", is simply to confirm the histogram bars moving through the signal lines in the direction of the crossover at the time of the crossover as opposed to signal line needing to be above or below 0, etc.

I have a separate chart for the Vegas tunnel and simply use the 1 hour Vegas template which has the fibs already calculated in line form. When price is approaching one of the bands, I am very careful to look for retracements and profit taking possibilities.

I have used the 62ema in the past, but now use the 55ema and 200ema as targets for support and resistance as well as profit taking depending upon the situation.

Yes.. I use daily pivots.. wouldn't trade without them.

I use the same format I posted earlier for trading with the exception that I added the StepRSI for confirmation and weeding out whipsaws once I'm in a trade. Also, Strada's 10 minute scenario works fine..better than the 15 min I previously used.

Hope this answered your questions.

Marco
Marco,

Would you mind posting the settings on your MACD? I'd like to give it a shot!

Bags
"Skills pay the bill's!"
  • #2,542
  • Jun 24, 2007 10:57am Jun 24, 2007 10:57am


Quoting TEB63
hi Bago

just got time to go over your site
is this your new set up? ( post 2495?)
what are all the MA?

you are still doing - day, 4 hour & 30 mins as well?

how is it going

TEB
Hey Teb,

Good to see ya!

The last screen shot I posted is my current set up. I'm still tweaking it.

I don't trade the Day/4hr/30min with Stochs anymore, but I do glance at those time frames to see the dominant trend.

Any updates on your trading methods?

B.
"Skills pay the bill's!"
  • #2,543
  • Jun 24, 2007 11:11am Jun 24, 2007 11:11am
Hey Bags,you said you use the 10 min t/f for entry of trades what about the t/f to set up the entry,exit.
  • #2,544
  • Jun 24, 2007 11:29am Jun 24, 2007 11:29am
Quoting monikroc
Hey Bags,you said you use the 10 min t/f for entry of trades what about the t/f to set up the entry,exit.
I like to trade into momentum. So I look for the prevailing trend first... Bullish or bearish?

I'm not going to go into how to identify this as I trust most already know how to do it...

I look at the Weekly first, up or down? Then the Daily, up or down? Then the 4hr, up or down?
By now I have a good feel for the general direction of the currency. I double check that with my HAS indicator charts to see if they agree. The HAS is that multi time frame indicator with the blue and red dots I posted a while back. Again, please find that post for an explanation.

I then crank down to the 1hr/30min charts. There I use similar indicators to the 10 min chart. I see if they are trending up or down. This is where I really make my decision to look for longs or shorts from the 10 min chart. If 1hr and 30 are up I look for longs on the 10min and vice versa for shorts.

That is generally it. I do have a trick or two using the HAS for entries. That is how I took the last long on GBP/JPY I posted with confidence. That will be a lesson later on!

Hope this helps.

B.
"Skills pay the bill's!"
  • #2,545
  • Jun 24, 2007 11:31am Jun 24, 2007 11:31am
Oh yeah... I forgot, I use pivot points as well for almost all exits and entries.


B.
"Skills pay the bill's!"
  • #2,546
  • Jun 24, 2007 1:35pm Jun 24, 2007 1:35pm
Thanking U Lawrence
Quoting lawrh
The Period Converter indicator can be found here on Driftwoods post 1800, page 120.

Lawrence
  • #2,547
  • Jun 24, 2007 10:42pm Jun 24, 2007 10:42pm
Quoting bagovino
Marco,

Would you mind posting the settings on your MACD? I'd like to give it a shot!

Bags
Bags..

10, 30, 10

and

3, 10, 16
"I know how hard it is for you to put food on your family." George W. Bush
  • #2,548
  • Jun 24, 2007 11:57pm Jun 24, 2007 11:57pm
Quoting MarcoW
Bags..

10, 30, 10

and

3, 10, 16
I'm not sure how to use this better than a regular MACD.

B.
"Skills pay the bill's!"
  • #2,549
  • Jun 25, 2007 12:43am Jun 25, 2007 12:43am
Quoting oshioyi
Hi Bago,

I created this chatroom, see if it works well.

http://www.chatzy.com/366349051167

Oshioyi

Anyone going here?

I'm here now!!!

B.
"Skills pay the bill's!"
  • #2,550
  • Jun 25, 2007 9:32am Jun 25, 2007 9:32am
Quoting MarcoW
Bags..

10, 30, 10

and

3, 10, 16

Marco,

Would you be able to post a sceen shot of these MACD settings in action VS. a regular MACD just so I can see the difference and what you look at?

Thanks a ton,
B.
"Skills pay the bill's!"
  • #2,551
  • Jun 25, 2007 10:38am Jun 25, 2007 10:38am
Quoting katokadang
Dear Bago,

How do you over RSI 21 & RSI 5 in same windows (MT4)??


Thanks.
Regards

Hi, it seems to me that you are not using '8SMA overlayed 5 RSI' anymore but 5 & 21 RSI, is true. I got loss some 15 - 20 threads ago.

possibly, can you show your chart pls?
  • #2,552
  • Jun 25, 2007 10:59am Jun 25, 2007 10:59am
The EA thought I had fed it horseradish/tabasco/garlic.
I tried the fifteen mn. window with tight stops on 12 pairs.
It started having seizures, and I called for an ambulance.
It did not like the fifteen min. window, nor the tight stops on the Jpy pairs.
The 75/25 was digested poorly.

I am back on the 30 min. window; RSI Five 70/30; wide stops.
I note with interest that the robot is actually closing on the RS Five 50% line, rather than the advertised 8/5 cross. Peculiar.

Glenn in Montana. Ride a grizzly in Montana : $ 5.00/ hr. Medical expenses not included.
  • #2,553
  • Jun 25, 2007 1:26pm Jun 25, 2007 1:26pm
Quoting watchout4me
Hi, it seems to me that you are not using '8SMA overlayed 5 RSI' anymore but 5 & 21 RSI, is true. I got loss some 15 - 20 threads ago.

possibly, can you show your chart pls?
You got it!!!

B.
"Skills pay the bill's!"
  • #2,554
  • Jun 25, 2007 4:28pm Jun 25, 2007 4:28pm
Maybe it's because I haven't traded this method a lot yet but so far I've found the RSI 5/21 cross when it's in line with the emas a more dependable entry than waiting for RSI 5 to enter the 30/70 area which has twice whipsawed on me when short on G/U.
  • #2,555
  • Jun 25, 2007 7:36pm Jun 25, 2007 7:36pm
Hello again guys...

I have a few questions here..

1) When you say "I enter long position with 3 lots"

What do you mean exactly?

Do you mean that you enter 3 positions of 10,000 at the same time? I don't understand.. (You are triplicating the losses chances)


2) Is anyone trading this method on a daily basis? (at least for a few months)

I ask this because I have read the first 50 pages of this thread and messaged some of the guys to ask them questions, but they said they are no longer trading it anymore. I just want to keep in touch with those who are testing or trading this method, to share ideas, results, etc...

Like I said in my previous posts, I have been testing the ORIGINAL method of 1H for 1 month and most of the signals were accurate. Of course 1 month means nothing, but considering this thread has been opened for almost 1 year, it means it has worked for all this time. So here comes another question:

3) If the 1H method is still working, why did you change to the 10 minute time frame?


Thanks for the help.
Greetings.
Why do we fall? "So we can learn to pick ourselves up."
  • #2,556
  • Jun 26, 2007 2:10am Jun 26, 2007 2:10am
Quoting ForexDude
Hello again guys...

I have a few questions here..

1) When you say "I enter long position with 3 lots"

What do you mean exactly?

Do you mean that you enter 3 positions of 10,000 at the same time? I don't understand.. (You are triplicating the losses chances)


2) Is anyone trading this method on a daily basis? (at least for a few months)

I ask this because I have read the first 50 pages of this thread and messaged some of the guys to ask them questions, but they said they are no longer trading it anymore. I just want to keep in touch with those who are testing or trading this method, to share ideas, results, etc...

Like I said in my previous posts, I have been testing the ORIGINAL method of 1H for 1 month and most of the signals were accurate. Of course 1 month means nothing, but considering this thread has been opened for almost 1 year, it means it has worked for all this time. So here comes another question:

3) If the 1H method is still working, why did you change to the 10 minute time frame?


Thanks for the help.
Greetings.
3 lots means 3 positions... Mini's or whatever you trade.

You sent messages to people who were only in the first 50 pages and they are no longer trading this system... However, you traded it for 1 month with positive results...

HMMM...
Ask those people from the first 50 pages how many other systems they traded since.. Also ask if they have ever been successful with any of them. I doubt it!

Here's "THE SECRET"... Find a system that works more times than it doesn't. Stick with it and use proper money management. You will be a successful trader!

B.
"Skills pay the bill's!"
  • #2,557
  • Jun 26, 2007 2:15am Jun 26, 2007 2:15am
I love pivots on the 10 min. chart. I got in and out at the perfect times! Took the short and got out at the 1.9963 pivot for about 7pips.

The accuracy is amazing!


B.
Attached Image
"Skills pay the bill's!"
  • #2,558
  • Jun 26, 2007 3:44am Jun 26, 2007 3:44am
Ok, but why would someone enter 3 positions?

Is it not safer to enter 1 position? why 3? I really don't understand.

And you switched to the 10 minute time frame, because it's more accurate?

Thanks for the help.
Why do we fall? "So we can learn to pick ourselves up."
  • #2,559
  • Jun 26, 2007 8:02am Jun 26, 2007 8:02am
Quoting bundubill
Maybe it's because I haven't traded this method a lot yet but so far I've found the RSI 5/21 cross when it's in line with the emas are more dependable entry than waiting for RSI 5 to enter the 30/70 area which has twice whipsawed on me when short on G/U.

Bago, can you comment on this?

I also notice, it seems 5rsi go to overbought, few bars later it rises vice versa for oversold,

can you check? can it be reliable?
  • #2,560
  • Jun 26, 2007 9:28am Jun 26, 2007 9:28am
this system has gone through a lot of modifications, deviations from original strategy. there's no problem about this.

but can someone update the forum, the BASIC indicators and MA's the strategy is using now?

personally, i start to get confused some 5 pages ago.

thanks
2 traders viewing now