"Bagovino Method" VS "Cornflower Hourly System" | Forex Factory

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"Bagovino Method" VS "Cornflower Hourly System"

  • Poll

  • Bagovino Method vs Cornflower Hourly System
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  • #1
  • First Post: Edited 7:53am Jun 26, 2007 1:54am | Edited 7:53am
Dear Friends,

Both "Bagovino Method" and "Cornflower Hourly System" are using almost the same time frame (hourly), which seems to be suitable for me to trade .......

In your opinion, which one is better and why?

Bagovino Method: http://www.forexfactory.com/showthread.php?t=7603
Cornflower Hourly: http://www.forexfactory.com/showthread.php?t=26205

Thanks in advance.
Living needs faith!
  • #2
  • Jun 26, 2007 6:46am Jun 26, 2007 6:46am
Both started off as simple systems, but it seems like the Bagovino method kept picking up more indicators (more MAs, another RSI, MACD, ADX, etc.) to "filter out" and "confirm" trades. I tend to be wary of systems that change often or pick up more indicators as time goes on.

Cornflower has been consistent, and lever70 insists on using no more indicators than the original set of MAs. The only thing that has changed with Cornflower is using different time frames. I'd go with Cornflower.
  • #3
  • Jun 28, 2007 11:14am Jun 28, 2007 11:14am
Quoting bluebuddha
Both started off as simple systems, but it seems like the Bagovino method kept picking up more indicators (more MAs, another RSI, MACD, ADX, etc.) to "filter out" and "confirm" trades. I tend to be wary of systems that change often or pick up more indicators as time goes on.

Cornflower has been consistent, and lever70 insists on using no more indicators than the original set of MAs. The only thing that has changed with Cornflower is using different time frames. I'd go with Cornflower.

bluebuddha,

Thanks you for your opinion.
Living needs faith!
  • #4
  • Jul 3, 2007 7:22am Jul 3, 2007 7:22am
Up to now, from the poll options, around 70% members vote Cornflower Hourly System and only 30% vote for Bagovino method.

Thanks all for your voting.
Living needs faith!
  • #5
  • Edited 8:22pm Jul 3, 2007 10:50am | Edited 8:22pm
I`ll probably get slammed for this but it is true none the less.
The corn flower and the Bagavino are the same system only on different timeframes,if you follow the trends.
When you see the price touch the 24 ema and bounce back in the direction of the initial trend with the 1 hr cornflower you also have a 5/12 bagavino doublecross on the 15 min chart where the price is returning back in the trend direction .
Also When you see the price touch the 24 ema and bounce back in the direction of the initial trend with the 4 hr cornflower you also have a 5/12 bagavino doublecross on the 1 hr chart returning in the trend direction
I favor the actual doublecross of the 5/13 on the quicker timeframe using the 62 ema for a safety net,It works well as long as you are following the trend.
Using the 5/13 cross has been around since the beginning of charting.
I have to say I prefer Bagavinos system because I find the actual crosses more comforting as confirmation than a simple price touch of an ema.
  • #6
  • Jul 3, 2007 9:46pm Jul 3, 2007 9:46pm
Quoting randomlight
I`ll probably get slammed for this but it is true none the less.
The corn flower and the Bagavino are the same system only on different timeframes,if you follow the trends.
When you see the price touch the 24 ema and bounce back in the direction of the initial trend with the 1 hr cornflower you also have a 5/12 bagavino doublecross on the 15 min chart where the price is returning back in the trend direction .
Also When you see the price touch the 24 ema and bounce back in the direction of the initial trend with the 4 hr cornflower you also have a 5/12 bagavino doublecross on the 1 hr chart returning in the trend direction
I favor the actual doublecross of the 5/13 on the quicker timeframe using the 62 ema for a safety net,It works well as long as you are following the trend.
Using the 5/13 cross has been around since the beginning of charting.
I have to say I prefer Bagavinos system because I find the actual crosses more comforting as confirmation than a simple price touch of an ema.

Dear randomlight,

Thanks you for your opinion.

I understand many people using 5/13 crossing, but can you tell me more why you employ 62 EMA intead of 50 or 55 EMA?

62 EMA is less common, but I think you have your reason, but WHY?

Thanks for your reply in advance.

Faith
Living needs faith!
  • #7
  • Jul 3, 2007 11:07pm Jul 3, 2007 11:07pm

Sounds like the headline for tonight's boxing card.

I don't trade either, BUT.....I am willing to say that I have noticed Cornflower has stuck to it's guns. AND....it seems to work.

Besides, I like the pretty colors.

My girlfriend is starting to demo trade, and I suggested Cornflower to her, since she doesn't have a ton of time to sit in front of this stupid thing like I do.

Just my 2 pips.

  • #8
  • Jul 4, 2007 12:55am Jul 4, 2007 12:55am
Lever70 brought cornflour system on not asking for help to improve it. It is a stand alone system works great just like it is. Lever70 has kept the thread very clean.

Bagavino came on asking for help to improve the bagavino method. it gets more then a little confusing reading thru the thread.

I agree with bluebudda, and would vote for cornflour.

both are trend following methods but they are very different.
  • #9
  • Jul 4, 2007 1:22am Jul 4, 2007 1:22am
I feel like I am on Big Brother.


I give two points to evict Bagavino because I backtested the Bagovino method and discovered it was a failure despite the author's opening comments on that thread. When I presented my results, as bluebuddha points out below, apparently:

  1. I was not overlaying enough indicators
  2. there was a secret "X" factor which selected only +A setups
  3. some aeroplanes shouldn't be flying...but they are (I know, I know)

Cornflower, however, has at least been consistent and there are no secret "X" factors.
HINT: I have yet to get around to backtesting Cornflower, but the credibility of any system is always improved by posting account statements and live trades.

  • #10
  • Jul 7, 2007 7:23pm Jul 7, 2007 7:23pm
I've followed Bago,Sido,Fozzy and now Cornflower. I trade Fozzy above the others cuz it works for me. Albeit I trade it mostly on the 1 hr frame because my account is not large enough for the draw down that is required to trade it on daily charts as the Fozzy system in foundationally made for. I do trade the Fozzy daily method in demo mode as it really shines there. If permitted I'd like this discussion to include Fozzy as well. Many Sido-Bago (Bagovino broke off from Sido but is essentially the same system) followers also follow and post on Fozzy. I admit I've only started looking at Cornflower. It is purely a MA crossover system that honors S/R lines. I like the Fozzy cross better as it seems to enter earlier and gains sufficient pips on the trade. Reversal candle setups coupled with a cross is my favorite most dependable trade entry signals.
"Though this be madness, yet there is method in it." -Hamlet Act II
  • #11
  • Jul 8, 2007 12:28am Jul 8, 2007 12:28am
Faith, I use the 62 because it is part of an old ema cross system using 5 13 and 62.
55 or 50 are pretty much the same thing as a 62 ema.
If you lay all three on a chart there isn't much difference.
5 13 cross is as old as the hills. With all due respect all Bagavino brought to the party was a 21 rsi filter.
The 5 13 cross works very well but one needs stringent rules.
For what it is worth I use a double cross system rather than a single cross.
When you have a decent trend going there are many ways to trade the peaks and valleys.This is just one of them.
If you lay a 5 and 13 ema on your chart you will notice that most times when a trend retraces and turns back you have 2 cosses. The first against the trend and then a second when the trend resumes.
I only enter on the second cross.So I am always moving with the trend.
The 62 ema is my trend confirmation ema.
I will not enter untill a new trend has established at least 1 "higher high/higher/low" or vice versa.
I never enter a trade unless the 62 ema is at my back.
This is not the only system I use but I like it for the short term time frames.
  • #12
  • Jul 16, 2007 3:07am Jul 16, 2007 3:07am
Quoting randomlight
.......If you lay a 5 and 13 ema on your chart you will notice that most times when a trend retraces and turns back you have 2 cosses. The first against the trend and then a second when the trend resumes.
I only enter on the second cross.So I am always moving with the trend.
The 62 ema is my trend confirmation ema.
I will not enter untill a new trend has established at least 1 "higher high/higher/low" or vice versa.
I never enter a trade unless the 62 ema is at my back.
This is not the only system I use but I like it for the short term time frames.
Dear randomlight,

Thank for your words and i am now studying them seriously.

And, I would like to confirm the meaning of "2 crosses" in your words.
Is the 1st cross mean 5 cross 13 and 2nd cross mean 13 cross 62?

Also, you said you only enter the second cross.
Is it mean that you only enter at 13 cross 62?

Thanks
Living needs faith!
  • #13
  • Jul 16, 2007 3:23am Jul 16, 2007 3:23am
Quoting Gee Seven
I've followed Bago,Sido,Fozzy and now Cornflower. I trade Fozzy above the others cuz it works for me. Albeit I trade it mostly on the 1 hr frame because my account is not large enough for the draw down that is required to trade it on daily charts as the Fozzy system in foundationally made for. I do trade the Fozzy daily method in demo mode as it really shines there. If permitted I'd like this discussion to include Fozzy as well. Many Sido-Bago (Bagovino broke off from Sido but is essentially the same system) followers also follow and post on Fozzy. I admit I've only started looking at Cornflower. It is purely a MA crossover system that honors S/R lines. I like the Fozzy cross better as it seems to enter earlier and gains sufficient pips on the trade. Reversal candle setups coupled with a cross is my favorite most dependable trade entry signals.
Dear Gee Seven,

please go ahead to share your favor system, as a sense of truth always appear after comparison and discussion.

Thanks.
Living needs faith!
  • #14
  • Aug 15, 2007 10:05pm Aug 15, 2007 10:05pm
I have tried both systems. I prefer the Cornflower system. I watch 6 currency pairs when I trade. I use the 1H, 30M, 15M, and the 5M charts. I use MACD (for divergence only) on the 1H and the 15M charts along with pivot points. Cornflower dovetails nicely with my style of trading. I find the pullbacks to the ema's seems to work for my eyes.

There's my opinion,...for what it's worth.
  • #15
  • Aug 16, 2007 6:27am Aug 16, 2007 6:27am
Quoting Clansman
I have tried both systems. I prefer the Cornflower system. I watch 6 currency pairs when I trade. I use the 1H, 30M, 15M, and the 5M charts. I use MACD (for divergence only) on the 1H and the 15M charts along with pivot points. Cornflower dovetails nicely with my style of trading. I find the pullbacks to the ema's seems to work for my eyes.

There's my opinion,...for what it's worth.

Hi Clansman,

Thanks you for your opinion. Adding one more indicator, like MACD, is a good way for comfirmation.

Faith
Living needs faith!
  • #16
  • Aug 17, 2007 1:18am Aug 17, 2007 1:18am
Quoting Faith
Hi Clansman,

Thanks you for your opinion. Adding one more indicator, like MACD, is a good way for comfirmation.

Faith
Hello Faith,

I just want to emphasize I use the MACD for convergence only. It is a lagging indicator in the forex market, and as such should really only be used to determine if price may be reversing in the immediate future (I use it to predict possible Cornflower pull backs.)

Trade well...Live well.
  • #17
  • Last Post: Oct 6, 2007 4:16am Oct 6, 2007 4:16am
both system are great, AND I WOULD NOT COMPARE THEM.... Both of them are common for me!
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