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

Quoting dswk
Hi, i've just put the EA on MT4.

But it do not trade because :
2006.12.01 13:11:08 Bag-it v 1.1 GBPUSD,H1: NFP => Trading disabled

Could you help ?
If NFP is Non-Farm Payroll, then I would think it is an error in the EA, because this month NFP comes out the second Friday of December. Something about the first Friday is also the first of the month, and they wouldn't have time to prepare a report in time. Or so I read in the News Room here at FF.

Rusty
Quoting dswk
Hi, i've just put the EA on MT4.

But it do not trade because :
2006.12.01 13:11:08 Bag-it v 1.1 GBPUSD,H1: NFP => Trading disabled

Could you help ?

Hmmm, bad. Official definition of the date of the NFP is "every first friday of the month for the prior month. That this friday could be a 1st is not unprecedented, but I think Bernake was on holiday :-/.

So I wiill update the algorythm for the recogniition of NFP. Hard coded days, for the dates I know (13+ months) and after that my algo.
Quoting Eureka
Can this EA be traded on a mini account with IBFX?
Thanks.
Sure, please read the section regarding Lots and ExtMaximumRisk. If you are not sure, a quick Backtest for maybe just a few days, with a certains set of parameters gives you and idea what effect these parameters have.
Quoting Dan S
Hi,

thank you for sharing your EA.
I noticed that it doesnt wait for the candle to close to confirm the crosses.
Is that by purpose or do you want it like that?

Regards,
A very good question. In my personal opinion, a system which reacts on two different indicators (MA-Cross and RSI) does not need to wait for the completion of the candle.
Quoting bagovino
Fukin,
The RSI should be 21... Do you find better results with 14?
B.
I admit, that I have not documented my decision to go down to 14 well enough to now say all convinced, that that is the solution of all your worries. But so much I can say. In my opinion, a signal gets strontger with a longer period, but at the same time, the signal gets "watered down".

With a RSI(21) > 50, you have a much clearer Buy Signal, but at the same time, you refer to events which lay back 21 candles and which might no longer be important for the actual trend.

But in my oponion two other things have a stronger impact on my results. That is the exclusion of "overbought" and "oversold" RSIs (<30 and >70) and the special SL/TP. Once I have more time, I will try other MA-Cross Systems with that SL/TP mechanism, just to see how striong the impact of this treatment is.
F.


What do you mean the exclusion of overbought and oversold? Would you mind sharing your SL/TP method?

Thanks,

Bagovino
"Skills pay the bill's!"
Fukinagashi,

Please see the following screen shot... The EA sold instead of bought. Why whould it do exactly opposite of the system rules?

Thanks,

Bago
Attached Image
"Skills pay the bill's!"
  • Post #28
  • Quote
  • Edited 3:43am Dec 2, 2006 12:54am | Edited 3:43am
Quoting bagovino
Fukinagashi,

Please see the following screen shot... The EA sold instead of bought. Why whould it do exactly opposite of the system rules?

Thanks,

Bago
It sold because it doesnt wait for the crosses to confirm.
Thats why I asked it earlier.
I watched it live and the MAs touched within the candle and I think RSI14 touched the 50.
Quoting fukinagashi
Hmmm, bad. Official definition of the date of the NFP is "every first friday of the month for the prior month. That this friday could be a 1st is not unprecedented, but I think Bernake was on holiday :-/.

So I wiill update the algorythm for the recogniition of NFP. Hard coded days, for the dates I know (13+ months) and after that my algo.
Ok Thanks for that.
I guess there's something to be said about waiting for the cross of the EMA's and RSI Huh? -160 pip loser.


B.
"Skills pay the bill's!"
  • Post #31
  • Quote
  • Edited Dec 3, 2006 9:32am Dec 2, 2006 11:34am | Edited Dec 3, 2006 9:32am
Agreed. Also, wouldn't backtest results be completely meaningless since the EA generates signals intra-bar in real world deployment? Backtests would only show genuine crosses (based on end-of-bar data) but that in no way reflects what could have happened intra-bar.

Fuki: Thanks for making this available. Any chance of providing a version with an option to only take trades end-of-bar? Also, an option to use RSI(21) rather than RSI(14) would be appreciated for those who would like to stick with the Bago method as stipulated.

Thanks!

Bill

Quoting bagovino
I guess there's something to be said about waiting for the cross of the EMA's and RSI Huh? -160 pip loser.


B.
with this system, you HAVE to have it written for trade is activated when the candle CLOSES after the cross. You WILL lose all your cash if you do not. It WILL NOT WORK! There are too many times where it will touch but not cross and bounce back up. it won't work. GLTA
Quoting bagovino
Fukinagashi,

Please see the following screen shot... The EA sold instead of bought. Why whould it do exactly opposite of the system rules?

Thanks,

Bago

Hi Bagovino,

As I see it, Fukinagashi uses a 14 RSI without waiting for the close. I think the tickdata just slipped below 50 RSI(14) and triggered a sell.
Any MA cross systems should profit in Nov. The question is still, when to use it?
Looking at the statement provided by Fuki, the drawdown is 48%. Is that kind of drawdown to be expected with the Bagovino method?

I just found out, that I cannot edit the original post on this board. Get me right I do not want to edit anything in there, but I would have liked to keep the most actual stuff in the first post, so no one needs to check the whole thread for that. Pity. So I decided to refer here rather to my webpage. Here you find all updates to bag-it.

As too all critics/suggestion: I don't mind suggestions, but don't you think that in the 2000+ existing EAs someone allready catered for your cookie cutter issues? Again I have spent so much time researching with standard philiospies, that I gave up on it. There are now two ways:



 

  1. We willl never have a successfull EA
  2. We didn't look at the right spot for it (aka our actual theories are great, but wrong)

I had an eye opener at my participation of the starter thread. This guy intentionally/(accidently) kicked at least two standard rules away, and suggested a method, which gained me last year some 3 TUSD (real money).

The most hillarious about his method is, that he interpretes the CCI exactly opposite to the classical way. And it works. I still run a variant of the starter method on my real money, and while it is admitedly not consistent, I am - over all - still in the plus with this method. Now how many of your off-the-shelf/consistent-to-your-theoriy systems are giving you positive pips? That would have been acually my mql4 championship Ea if I idiot would not have missed the registration time.


Another example: Zonker the actual A1 of the MQL4 Championship. This guy is a major rule breaker. After I have read the source code of his EA I immediatly fell in love with him. He probably has a Mohican and supports Greenpeace events. Just read his source:



PHP Code
    if(sma > Ask) //Euros going cheap! BUY!
      BuyEuros = true;
   
   if(sma < Ask) //Momentum in our favour! BUY!!
      BuyEuros = true;
      
   if(sma == Ask) //BuY EUROS NOW!!!, BUY MORE!!!
      BuyEuros = true; 

And? He made 45 TUSD out of 10 USD in just two month. Actually that is wrong. He first lost 70% of the 10 TUSD. And then, out of 3 TUSD he gained 45 TUSD in 7 weeks. And on a related note: His EA poops on closed candles .

What do we learn of this? Break rules, is not a "bad thing". I know you guys would be happier to have my EA gain 50% in 2 weeks AND trade on closed candles (me too), but this is not going to happen. I know - like you - why signals of closed candles are "a good thing", but if forex trading would be that easy, there would be more successfull traders out there. As in any kind of investment revenues are linked to risk.

Realize: An automized systems, has the disadvantage of emulating the most stupid trader ever. This most stupid trader will be the money-cow for all traders with a IQ of 50+, while it is predictable. It has no chance ... not the slightest chance .... to win, until he becomes ... unpredictable, while remaining consistent.

Again. There is a reason why I stop publishing source code. If you want to castrate an EA, don't do it with mine. As far as I know, all attempts to automize the Bagovino method have not been remotely as successfull as my EA.

If you don't like how it trades, just ignore this thread. Move on. Here is nothing to see. Only a sad, stupid, silly guy, who thinks he has found the way to beat the market on the long term. Not interesting for you, especially since you guys are already on the sunny side of life with your workings EAs ... or are you not?

I assume I will double the money before End of January 2007. Just check my webpage. You will have the publisher statement there, automatically updated all 5 minutes.



And if I instead loose it: Wow, you were right! It is that easy.

Quoting GP2X
Any MA cross systems should profit in Nov. The question is still, when to use it?
I am too happy to hear that you got a millionair last month, I mean if november is the month for MA cross systems, you probably grasped the opportunity and put all your money 400:1 on one of any MA cross system ...
congrats to GP2X!!!

I unfortunatly do not have your skill & experience, I am still searching for the fool-proof system.

But maybe you would teach me, what kind of system should profit in December? Or January?
Quoting fukinagashi
I am too happy to hear that you got a millionair last month, I mean if november is the month for MA cross systems, you probably grasped the opportunity and put all your money 400:1 on one of any MA cross system ...
congrats to GP2X!!!

I unfortunatly do not have your skill & experience, I am still searching for the fool-proof system.

But maybe you would teach me, what kind of system should profit in December? Or January?
maybe we can buy at bottom and sell at the top...?
Simplicity your Life
fukinagashi.

I tried downloading version 11B from your website, it tells me its corrupted when I tried to unzip it.
Quoting fukinagashi

I just found out, that I cannot edit the original post on this board. Get me right I do not want to edit anything in there, but I would have liked to keep the most actual stuff in the first post, so no one needs to check the whole thread for that. Pity. So I decided to refer here rather to my webpage. Here you find all updates to bag-it.

I recall someone making the suggestion to allow the thread starter to modify the first post. The response was it would take a lot of tweaking with the forum software. So while that is in the works, the fix is to ask a moderator to change the first post. Maybe a mod could add your website link to the first post.
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