Fully Customizable Bagovino Method EA | Forex Factory

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Attachments: Fully Customizable Bagovino Method EA
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Fully Customizable Bagovino Method EA

  • #1
  • First Post: Nov 30, 2006 1:25pm Nov 30, 2006 1:25pm
Hello all,<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o></o>

<o></o>

I’m fairly new here in this forum and i would first like to say thank you everyone for sharing such valuable information.<o></o>

<o></o>

Let me introduce myself my name is Mikhail im a programmer but I’m still familiarizing myself with the MQ4 language. I noticed that many people are using the Bagovino method is profiting from the system. I tried to read through the whole thread but there are so many styles of how people implement the Bago Method, so I decided to make a BAGO EA that would be easily customized according to the traders liking.<o></o>

<o></o>

This is my first version of the BAGO EA so be as critical as you can be! your ideas, questions, suggestion are very welcome, so we can develop this EA, add more features to it and make it truly profitable.<o></o>

<o></o>

Also almost all the settings are already fully customizable so if you discover setting that work great please don’t hesitate to post it here .<o></o>

<o></o>

And to Bagovino thanks for sharing your method . Also if the code looks familiar it is because most of it was barrowed from Firdaves "UniversalMA" I merely modified it to better fit the Bago Method.<o></o>

<o></o>

OK see you guys around! hope we could together develop a truly robust money making machine!<o></o>

<o></o>

Best of luck and a firm handshake,<o></o>

Mikhail<o></o>

<o></o>
Attached File(s)
File Type: mq4 Bago-Method_Mikhail-EA-V1.mq4   34 KB | 3,260 downloads
  • #2
  • Nov 30, 2006 2:43pm Nov 30, 2006 2:43pm
I will look at it and let you know....
  • #3
  • Nov 30, 2006 2:55pm Nov 30, 2006 2:55pm
Will have a look at it, what TFs are you using?
  • #4
  • Nov 30, 2006 4:07pm Nov 30, 2006 4:07pm
Hmmm..I was not able to get any decent results
I wonder what kind of settings would work with this EA....

I've tested with about 10 different combinations of S/L , TP, stop and reverse...etc.

mike
  • #5
  • Nov 30, 2006 4:33pm Nov 30, 2006 4:33pm
I wrote and tested an EA for this as well and the long term results were not profitable. There were some good trades but an additional filter is needed for this as well. As a stand alone take every trade when the RSI crosses above 50 and the 5/12's cross it will lose money. But, there are some trades that do very well. Finding a filter or set-up that only takes those trades would/will be very difficult to come up with. I've thrown a few curveballs into it as well but nothing has really made a difference. During those flat periods when the RSI is 'sitting on 50' for a while and the MA's are flat as well is where some of the bad signals happen. Please note, I'm not criticizing anyone's method, what works for some folks may not work for others. I am working on this method to improve it also. One thing that I did notice is that the maximum drawdown during the backtest was low, or acceptable I should say. This is VERY important for your preservation of capital which = staying power. So, I'm not giving up on this for that reason alone even though the EA resuts were profit negative. The key here is to find those trades that do work, or find enough of them to make the EA profitable, not EVERY 50 and 5/12 cross, just the good ones. I've been working at this for a while (weeks) so I'll keep at it...
  • #6
  • Nov 30, 2006 4:58pm Nov 30, 2006 4:58pm
Mikhail,

I wrote a bunch of EAs and indicators before (mostly for test purposes) but I never once considered using String Parameters to separate the Variables into their respective groups.

I hope everyone starts writing EAs like this. It makes it much easier to read.
  • #7
  • Nov 30, 2006 7:58pm Nov 30, 2006 7:58pm
Thank you very much for giving the EA a try. Remeber you can set the "3rd and 4th MA Filter" true, and changed its values for additional filter. Bago will only BUY when the 3rd MA is above the 4th MA and SELL when the opposite is true.

It can help to filter out false signals but during a sideways market the EA loses so much money. I will add an additional filter EMA_ANGLE. which could somehow indicate if the market is trending or not. I Attached the EMA_ANGLE indicator below, I will also Attach the newer BAGOEA version later today that would contain this filter.

I believe we could make this thing profitable we just need to find the right combination. any suggestion for additional filter would be very welcome.

together we could conquer this market!

with a firm handshake,
mikhail

Quoting Palmer
I wrote and tested an EA for this as well and the long term results were not profitable. There were some good trades but an additional filter is needed for this as well. As a stand alone take every trade when the RSI crosses above 50 and the 5/12's cross it will lose money. But, there are some trades that do very well. Finding a filter or set-up that only takes those trades would/will be very difficult to come up with. I've thrown a few curveballs into it as well but nothing has really made a difference. During those flat periods when the RSI is 'sitting on 50' for a while and the MA's are flat as well is where some of the bad signals happen. Please note, I'm not criticizing anyone's method, what works for some folks may not work for others. I am working on this method to improve it also. One thing that I did notice is that the maximum drawdown during the backtest was low, or acceptable I should say. This is VERY important for your preservation of capital which = staying power. So, I'm not giving up on this for that reason alone even though the EA resuts were profit negative. The key here is to find those trades that do work, or find enough of them to make the EA profitable, not EVERY 50 and 5/12 cross, just the good ones. I've been working at this for a while (weeks) so I'll keep at it...
Attached File(s)
File Type: mq4 EMA_Angle.mq4   5 KB | 1,838 downloads
  • #8
  • Nov 30, 2006 11:47pm Nov 30, 2006 11:47pm
Hi all,

I just want to thank you all for believing and working on my method!
I found a thread on here that made an EA of my methos with some AMAZING results!

Check it out: http://www.forexfactory.com/forexfor...607#post150607

Try it out!

Bagovino
"Skills pay the bill's!"
  • #9
  • Dec 3, 2006 8:16pm Dec 3, 2006 8:16pm
Quoting bagovino
Hi all,

I just want to thank you all for believing and working on my method!
I found a thread on here that made an EA of my methos with some AMAZING results!

Check it out: http://www.forexfactory.com/forexfor...607#post150607

Try it out!

Bagovino
Bago,

I read that thread, just I do not know if it means he will change it to conform to your rules, just confusing.
  • #10
  • Dec 4, 2006 4:31am Dec 4, 2006 4:31am
Hello attached Below is a new version of the bagovio method costomizable, I added Decrease Factor, which will decrease the numer of lots when the system suffers consecutive losses, and the EMA Angle. EMA Angle determines the Slope of the EMA.

Sorry for not posting this earlier like I said but ive been having difficulty trying to make this profitable long term, tried different filters and different entry exit rules but still couldnt achieve that perfect upward slope. i found ways to make it profitable but it suffers too much drawdowns during ranging periods which i could not accept.

Bago thanks for posting in this tread, Maybe you have some suggestions to make this EA profitable?

But the good thing about the EA is that we could change the almost all values externaly, so If someone finds the best combination please dont hesitate to post here. Also If you have other filters/indicators that you use for the BAgo method please post here so we can add it in the Program.

Anyways here is the new version with added features.

ENJOY!!

kind regards and a firm handshake,
Mikhail
Attached File(s)
File Type: mq4 Bago-Method_Mikhail-EA-V2.mq4   39 KB | 2,764 downloads
  • #11
  • Dec 4, 2006 2:34pm Dec 4, 2006 2:34pm
Quoting mikhaildgreat
Hello attached Below is a new version of the bagovio method costomizable, I added Decrease Factor, which will decrease the numer of lots when the system suffers consecutive losses, and the EMA Angle. EMA Angle determines the Slope of the EMA.

Sorry for not posting this earlier like I said but ive been having difficulty trying to make this profitable long term, tried different filters and different entry exit rules but still couldnt achieve that perfect upward slope. i found ways to make it profitable but it suffers too much drawdowns during ranging periods which i could not accept.

Bago thanks for posting in this tread, Maybe you have some suggestions to make this EA profitable?

But the good thing about the EA is that we could change the almost all values externaly, so If someone finds the best combination please dont hesitate to post here. Also If you have other filters/indicators that you use for the BAgo method please post here so we can add it in the Program.

Anyways here is the new version with added features.

ENJOY!!

kind regards and a firm handshake,
Mikhail
Have you tried using this on a lower timeframe? I find that 30M is better than the longer TF. Does the EA in any way try to determine if the market is trending or ranging other than using EMA Angle. I know that when I use EMA Angle, its very rare that I can get a trade in. Maybe should use some more EMAs as filter than what is suggested, but I think that should come from Bago so as to not deviate from his strategies. Any thoughts in this Bago?
  • #12
  • Dec 5, 2006 3:29am Dec 5, 2006 3:29am
Quoting et_phonehome_2
Have you tried using this on a lower timeframe? I find that 30M is better than the longer TF. Does the EA in any way try to determine if the market is trending or ranging other than using EMA Angle. I know that when I use EMA Angle, its very rare that I can get a trade in. Maybe should use some more EMAs as filter than what is suggested, but I think that should come from Bago so as to not deviate from his strategies. Any thoughts in this Bago?
Yes I agree, I am currently looking for an indicator that could somehow determine if the market is ranging or trending so if you know of any please post it here, The EMA Angle is actually very usefull, It enables earlier entry and exit of positions but as it turns out it is not really very effective in determining wether the market is trending or ranging.

If we find an indicator to do this then this system could become really profitable, when market is ranging it would automatically be set to "reverse condition" where it will buy low and sell high, and when its trending, it will fallow the trend as it should. I already tried this with EMAAngle it was quite effective but during the transition between ranging period and tranding is when it suffers losses, and sacrifices early entry into the long trend to maximize profit. Im sure we can find solution for this... Just need One more indicator!

OK Kind Regards,
Mikhail
  • #13
  • Dec 17, 2006 4:22pm Dec 17, 2006 4:22pm
How about something along the lines of ADX(14) crossed above 20 and slope is positive... market is trending as long as slope of ADX stays positive....
  • #14
  • Dec 17, 2006 6:17pm Dec 17, 2006 6:17pm
Is there a manual or explaination to the settings? Lot's of stuff here...
Smile... Darwin loves you.
  • #15
  • Dec 18, 2006 2:51pm Dec 18, 2006 2:51pm
Mikhaildgreat: I am thinking of blending these two systems by altering the MAs and adding the shi-silvertrend dot as the exit point. I like your angle mod and MM mod. Your universal EA platform seems ideal for this. Our good friend Wackena has almost completed his excellent EA for Tlatomi. I would be interested in seeing your EA with shi added. Can do?
Glenn
  • #16
  • Dec 18, 2006 11:25pm Dec 18, 2006 11:25pm
Ok, let me first start by saying I'm new to forex. With that out of the way, does forex have volume asscoicated with it? The reason I asks is that by adding On Balance Volume (OBV) to the chart and applying a MA over it, you could use the OBV/MA cross as a sign of a trend starting. Might be a good filter to avoid the chop. I've posted volume on my chart and I'm getting zip! But I'm using TradeStation (not MetaQuote) that does not fully support forex.

DFoster
  • #17
  • Dec 29, 2006 2:19am Dec 29, 2006 2:19am
Mikhail: Is 2.0 the optimum angle threshold, and is it measuring the angle of the 5 EMA? I am also curious, is there a way to copy and paste the code for the Snipes CCI trigger or other inidicators, like the Shi-silvertrend, into this EA? It would be very flexible and convenient for the non-programmer.
Glenn
  • #18
  • Dec 29, 2006 5:42am Dec 29, 2006 5:42am
Quoting winsteadglenn
Mikhail: Is 2.0 the optimum angle threshold, and is it measuring the angle of the 5 EMA? I am also curious, is there a way to copy and paste the code for the Snipes CCI trigger or other inidicators, like the Shi-silvertrend, into this EA? It would be very flexible and convenient for the non-programmer.
Glenn
Hello, That is not the optimal angle treshhold, You can change that as you see fit. I only used that when I was trying to emulate NonLagMA becasue they work in a very similar way. I placed the EMA Angle indicator somewhere in this thread take a look at it and play around with the values to get better visual understanding of how those values work.

As for those other indicators you can surely give it a shot and place it in the code. But to be honest what i found when making this EA is that the more filters I place the more washed down the signals become...

Kind Regards,
Mikhail
  • #19
  • Dec 29, 2006 7:09am Dec 29, 2006 7:09am
As for those other indicators you can surely give it a shot and place it in the code. But to be honest what i found when making this EA is that the more filters I place the more washed down the signals become...


Mikhail,
Thanks for your efforts and putting forth good ideas. I just wonder however that a method such as Bagovino can only best be traded manually. There is so much trader discretion that goes in to Bago that I don't know how you could successfully program an EA for it.

Thanks,
  • #20
  • Dec 29, 2006 9:38am Dec 29, 2006 9:38am
I Agree Completely.

Quoting KudzuFX
As for those other indicators you can surely give it a shot and place it in the code. But to be honest what i found when making this EA is that the more filters I place the more washed down the signals become...


Mikhail,
Thanks for your efforts and putting forth good ideas. I just wonder however that a method such as Bagovino can only best be traded manually. There is so much trader discretion that goes in to Bago that I don't know how you could successfully program an EA for it.

Thanks,
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