I attached it here, click on the link.
Bago-Method_Mikhail-EA-V2.mq4 39 KB | 502 downloads
Fully Customizable Bagovino Method EA 43 replies
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DislikedWas there a particular reason you modified the code versus just setting the:
---------- Break Even After Pips
DislikedCould someone tell me where to enter the buy and sell conditions of rsi 75/25?
It is alluding me at the moment.Ignored
DislikedHere's what you can do:
(1) Pull up the EA using "modify".
(2) Perform a search (find) on the string "BuyCondition" or the string "SellCondition" or even "RSI".
(3) When you find it, it should read 80 for the buy and 20 for the sell.
(4) Change it as you wish or leave it alone.
(5) Experiment with 77/23 or just use the recommended 75/25.
(6) If you change it, remember to compile.
This approach makes you do a little something.
Nothing personal, I just don't like being "spoonfed" and don't like "spoonfeeding" traders, because it diminishes the student's learning experience.Ignored
I'm doing great thanks. Too busy to spend time posting but I manage to drop in reading through this great forex resource known as the Factory. The EA is named Bago-Mikhail. Please see my settings below. Keep rolling wit' da skills Bags!!
BE 15 (tweaked code to move SL to BE+10)
Exit on Cross True
RSI Period 5
RSI Buy Condition 75
RSI Sell Condition 25 (Glenn's recommendation 75-25)
Today (Aug 1 2007) results (thanks to the Yen):Ignored
DislikedIs there particular time frame this EA has to be run? like 1 hour or 30min? Or it doesn't matter?
DislikedCould you please show today results ?
set up for gbpjpn is the same? SL 60 is enough?
DislikedMoney: What market times do you trade?
Can one add a trailing stop to your breakeven + 10 strategy, to stop a
very early reversal at a reasonable loss, or will that confuse the system?
Best regards, GlennIgnored
Currently I don't use TS in this methodology.
If you believe in deep SL, then TS gets you "reasonable loss" (whatever that is!) but won't mitigate against an early reversal. On the other hand, +10 intercedes and saves profit. I like the latter option.
I think it works as follows:
Let's say you get a steep reversal en route to TP of 40 after an initial 20 pip move with TS of 10 (or 20), SL of 60, and BE of 15. The +10 locks in profit (assuming BE of 15) but the TS only moves SL by the designated number as prices move. So in this example, your SL is still far away (resulting in a "reasonable loss"). But +10 saves that profit and intercedes by preventing prices from reaching SL.
No matter how you vary the SL, TS, BE, etc., I think +10 is efficient and always stands in the gap protecting your profit. I could be wrong but the last time I thought so I was mistaken!
Let me know what you think.Ignored
DislikedThanks, Money. Will the +10 feature "go active" before the price reaches the BE 15?
I just LOVE the concept of locking in these pips and controlling losses. GlennIgnored
DislikedWhat I like about it is as your BE +10 is hit, it opens another trade in the same direction (as long as the conditions are still met). So, this morning on the Usd/Jpy, 3 times a position was opened to short, and all three times it closed with 10 pips in profit (BE +10). As volatile as it was, I don't think I would have had the same sucess with a TS.
My 2 cents.
DislikedI moved the 75/25 up to Money's suggestion of 77/23. I will try it for a few days....
MoneyMaster's mods are so wonderful, I have been running around the neighborhood screaming happiness. It may well be that backing up a notch will give us ten fat pips on almost every trigger. I may try a tight stop loss to filter those occasional hit and run events, that do not make it to BE +10. Hoping. GlennIgnored