Barcode has posted the robot on page 165 / post # 2475.
Persistent uncertainties are: best currency pairs; best times to trade;
RSI Five levels 70/30 or 80/20, etc.
I dropped the money management, and am applying the same lot size to each pair. My current setup is 70/30 and trading all sessions. I take some hits during the Asian Market, but there is usually a compensating winner. I tried to add the Parabolic SAR as a filter, but it failed. Actually, I did not fail, I just tried ten thousand things that did not work (Edison).
Regards, Glenn
I'm still using the system and testing it on demo. Rather looking for an absolute indicator, look at pivot points and fibbs based on previous day high and low and then chart formation. If these click together, look at other indicators mentioned on this forum and then use money management and you will have more succesfull trades. I'm constantly looking at each pair thru 5min, 10min and then 30/60min.... try combining it with other succesfull methods here on the forum....
I suggest to consider as the filter for data of indicator Stohastic (5/3/3)-Stohastic (8/5/5) + RSI5 or 4 (depending on pair. Replacement 12/5 ÌÀ on 18/28.TF for the analysis to use from Ì5 to 4Í and only then to make the decision.
Barcode has posted the robot on page 165 / post # 2475.
Persistent uncertainties are: best currency pairs; best times to trade;
RSI Five levels 70/30 or 80/20, etc.
I dropped the money management, and am applying the same lot size to each pair. My current setup is 70/30 and trading all sessions. I take some hits during the Asian Market, but there is usually a compensating winner. I tried to add the Parabolic SAR as a filter, but it failed. Actually, I did not fail, I just tried ten thousand things that did not work (Edison).
Regards, Glenn
Ignored
Glenn, first i want you and others (Mikhail,Bago.....) to know that i really appreciate what you are doing here so thank you.
i know that the EA is still on a test (the cake is not ready yet...) but from your experience until now, i wonder what are the best settings for it
for now my settings are : 30 min TF , RSI 72/28 , SL:25 , TS:25 , Reverse Entry Condition = false , Stop and reverse = false , Risk = 10% , MM = true
can you be more specific regarding your settings?
again, thank you and others very much!
Erez.
Erez: At the moment, my guess is that 75/25 is going to be ideal.
I think TS of about 20 is going to work. Since I am running so many pairs, I disabled the MM % in favor of fixed lots.
The European market seems best. The N.Y. market is good, but news announcements can be dangerous. My current favorite is the 30 min. window.
25 SL seems reasonable, but might be tight for the volatile yen pairs.
Now, for the good news: some guy has been working on this same concept for months. Same idea, except that he has optimized each pair for RSI period. Some are 4, 2, 3, 6, etc. He uses a 200 SMA filter to determine the dominant trend direction. He also uses adjustable parabolic SAR for an exit trigger. Apparently it works best on the daily chart. His bot looks back three days to see what is happening. A smart trader in Jakarta reports that it is killer-grande-mucho-buncho-excellente, quite possibly the best robot ever made. A monthly doubling is indeed possible, maybe likely. His program is free, but he is very touchy about spreading it around. He calls it Super RSI. I started running it a few hours ago. Since I wanted to be a hero, I hate that he is smarter than I, but such is life. Check with links on FxFisherman.com.
Regards, Glenn
Erez: At the moment, my guess is that 75/25 is going to be ideal.
I think TS of about 20 is going to work. Since I am running so many pairs, I disabled the MM % in favor of fixed lots.
The European market seems best. The N.Y. market is good, but news announcements can be dangerous. My current favorite is the 30 min. window.
25 SL seems reasonable, but might be tight for the volatile yen pairs.
Now, for the good news: some guy has been working on this same concept for months. Same idea, except that he has optimized each pair for RSI period. Some are 4, 2, 3, 6, etc. He uses a 200 SMA filter to determine the dominant trend direction. He also uses adjustable parabolic SAR for an exit trigger. Apparently it works best on the daily chart. His bot looks back three days to see what is happening. A smart trader in Jakarta reports that it is killer-grande-mucho-buncho-excellente, quite possibly the best robot ever made. A monthly doubling is indeed possible, maybe likely. His program is free, but he is very touchy about spreading it around. He calls it Super RSI. I started running it a few hours ago. Since I wanted to be a hero, I hate that he is smarter than I, but such is life. Check with links on FxFisherman.com.
Regards, Glenn
Ignored
hey!
first, thank you for sharing this with me
when i try to d/l his bot from fxfisherman it redirect me to a place where i can find many versions of his bot (rsi r2 multi pair.mq4 , super rsi ver 1.8.ex4 etc...)
can you please tell me what exactly the name of the file that you are using?
Join the yahoo group : http://finance.groups.yahoo.com/grou...nd_Indicators/
Find the RSI thread
Look for posts by members.
Ask someone to send it to you.
I was also unable to find it, so that is what I did. Remember to avoid posting the robot anywhere. As you saw on FxFisherman, he takes it as a personal attack. There will likely be a new version by this weekend, with new features. It is only worth, say, a hundred million dollars, give or take.
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Joined Mar 2007
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Status: Market Profile + Order Flow = Edge.
|92 Posts
Greetings,
This is my first time posting on this forum. I have followed the Bagovino Method from inception, reading all the postings, observing all the improvements over the months, and I have personally benefited significantly from the method..the original EMA 5/12 and RSI 21 on the 1 hour chart. After reviewing most of the methods on FF, and trying almost everything on demo accounts, in my opinion, no other method compares. The profts are phenomenal. It seems to me that this forum has slowed down and I wish to encourage all to keep on posting. Many of us are better traders due to Bagovino and we all need to encourage him to continue doing his excellent work. The five star rating is long overdue.
I trade this method manually as my trading platform OANDA does not offer the facility for EA's. I trade three days a week, 3 hours per day on average. Lets keep it going and I wish for all happy, productive trading days. God Bless.
Join the yahoo group : http://finance.groups.yahoo.com/grou...nd_Indicators/
Find the RSI thread
Look for posts by members.
Ask someone to send it to you.
I was also unable to find it, so that is what I did. Remember to avoid posting the robot anywhere. As you saw on FxFisherman, he takes it as a personal attack. There will likely be a new version by this weekend, with new features. It is only worth, say, a hundred million dollars, give or take.
Hi guys.
I checked your EA - the result is horrible.
How come you make money with "that"?
Or do you trade original rules? (tried to apply that and got good result for 2007 but same drawdown during the rest of period from 2004)
Its easy to see you've never met...ME xD
I write them to exactly follow your rules. So if the system doesn't work, the EA won't work. If the system works, the EA will work.
Under "work" I understand profit-making
Please tell me how strictly you follow your system?
I totally agree with Bag, you cannot write an EA for any system like this, there is always discretion involved in any trading decision, you cannot write this into an EA.
Its like flying an Airbus 420, there are set procedures for landing for instance but the pilot still has to make minute changes and quick decisions due to current conditions, no computer program can do this.
