Hey finally im able to post, been soaking up info on here for quite a while now and never had an activated account, but now I do and am ready to provide feedback, opinions, and much more... thanks Merlin for the activations help..
Anyway, I tried out Bagovino's new daily filter and found that it does actually cut out a large majority of bad trades, although it also provides less signals so I wasnt sure about it. I then tried it with the 4hr chart instead of the daily and found that it works amazing! I began testing it on the GBPUSD and found that, with my entry & exit strategy, I could average 600 pips a month or more from the GBPUSD alone! So needless to say I was ecstatic. I then tested it on the less volatile pairs (eurusd, usdchf, etc.) and found it to be successful but not as much as I'd liked. EURUSD provided around 100-150 pips a month, USDCHF provided around 200-300 a month. I wasnt satisfied with that so I figured I'd test it with some other pairs that have around the same volatility as the GBPUSD. So last night I tried it on GBPJPY & GBPCHF. GBPJPY provided around 400+ a month, with the exception of two months which only provided 75 and change each (at least its not negative pips!) GBPCHF has averaged around the same amount so far, and im not even done testing it yet!
So I must say I am extremely pleased with the results I am getting from these three pairs alone, and as soon as im done tweaking it and getting all the results I will post exactly how I do everything, but until then just sit tight. I am also in the process of finding a good filter for the less volatile pairs.
ANyway, I just wanna thank Bagovino and everyone who is involved in this thread as it has been very useful to me and many others im sure.
Oh and cant wait to see what bagovino himself is coming up with!
EDIT: by the way when I say I tested it, I mean I manually backtested it with my own semi-discretionary entry & exit system. And the results were only from Jan 1 ,2006 til present.
Anyway, I tried out Bagovino's new daily filter and found that it does actually cut out a large majority of bad trades, although it also provides less signals so I wasnt sure about it. I then tried it with the 4hr chart instead of the daily and found that it works amazing! I began testing it on the GBPUSD and found that, with my entry & exit strategy, I could average 600 pips a month or more from the GBPUSD alone! So needless to say I was ecstatic. I then tested it on the less volatile pairs (eurusd, usdchf, etc.) and found it to be successful but not as much as I'd liked. EURUSD provided around 100-150 pips a month, USDCHF provided around 200-300 a month. I wasnt satisfied with that so I figured I'd test it with some other pairs that have around the same volatility as the GBPUSD. So last night I tried it on GBPJPY & GBPCHF. GBPJPY provided around 400+ a month, with the exception of two months which only provided 75 and change each (at least its not negative pips!) GBPCHF has averaged around the same amount so far, and im not even done testing it yet!
So I must say I am extremely pleased with the results I am getting from these three pairs alone, and as soon as im done tweaking it and getting all the results I will post exactly how I do everything, but until then just sit tight. I am also in the process of finding a good filter for the less volatile pairs.
ANyway, I just wanna thank Bagovino and everyone who is involved in this thread as it has been very useful to me and many others im sure.
Oh and cant wait to see what bagovino himself is coming up with!
EDIT: by the way when I say I tested it, I mean I manually backtested it with my own semi-discretionary entry & exit system. And the results were only from Jan 1 ,2006 til present.
