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Bagovino Method

  • #1,281
  • Dec 5, 2006 4:43am Dec 5, 2006 4:43am
Quoting sertio
My suggestion is do not use EA, discretion is needed at times.
Quoting sertio

The indicators are 5 EMA, 12 EMA and RSI 21 with level 50
Perfectly
  • #1,282
  • Dec 5, 2006 6:18am Dec 5, 2006 6:18am
Hi..Bagovino,

iam trying to use your method. iam trading gbp, and i hope your method will be able to improve my performance.
Thanks, GBU.

regards,
wahyu samodra.





Quoting bagovino
Hi All,

I just wanted to start a thread sharing the most successful Forex trading method to date!

I have caused alot of shake ups on other threads due to the domination of my method on their posts so I chose to start my own.

Here it goes... It's quite simple. On a 1 Hr chart, plot 5/12 EMA's. Plot RSI set at 21. When the 5/12 crosses up and the 21 RSI crosses above 50 you go long. When the 5/12 crosses down and the 21 RSI goes below 50 you short.

This method is proven to be at least 85% accurate!

I leave this thread open to any and all improvements. I thank you for your time and I hope this helps you all become more successful traders!!!

Bagovino
  • #1,283
  • Dec 5, 2006 7:49am Dec 5, 2006 7:49am
For auditt05, sometimes you will take hits, but more often than not youll do alright. As for getting stopped out on the jpy pairs, there was some type of an interest rate decision or something that was most likely the cause for you getting stopped out. Better luck today.
I dream, therefore I become.
  • #1,284
  • Dec 5, 2006 8:34am Dec 5, 2006 8:34am
Hello,

I switched to demoing now... Today i got hit out at Cable also when i longed!!! it was around exactly after the 12:30 GMT time that i was in, the crossover was there and the RSI was above 50 and i got in with a s/l of 30 pips and yet, the candle went up like 15 pips then TOTALLY reveresed back downwards..
the question now is;
1) Should i wait for the closure of the candle?
2) If 1 is yes, this is very safe yet i will be missing out the big moves!!!!!

Waiting for Experts replis
Baz
  • #1,285
  • Dec 5, 2006 8:37am Dec 5, 2006 8:37am
I have my MT on GMT and did not see any cross on 5-12 EMA, unless of course you are using other time and other settings of EMA's.


Regards.
  • #1,286
  • Dec 5, 2006 8:44am Dec 5, 2006 8:44am
As i said,
It can cross then get back below it in the same candle, when time passes on, you just dont see the cross!!! you understand what i mean?
thanks anyway for your help.
Baz
  • #1,287
  • Dec 5, 2006 9:25am Dec 5, 2006 9:25am
I uderstood that this was hapening at that moment. Can not say how it is done in this method but as for me i consider it a cross only when it really happens. Or I am getting something wrong here?
  • #1,288
  • Dec 5, 2006 2:06pm Dec 5, 2006 2:06pm
just to be clear.

when the MAs cross up and the RSI is already over 50, you do not trade, right?
  • #1,289
  • Dec 5, 2006 2:23pm Dec 5, 2006 2:23pm
since you wait for the candle to close, wont a back test be accurate?
Quoting Joules360
guys:

im starting a 19 pair test on the the 1 hour bago starting tonight on ibfx....i'd like to let it run for a month to get a real idea of what pairs are the best to trade. i dont think backtests are accurate so this forward test for a month should give me a good idea of which pairs to keep and which to discard.

if anyone has already done this legwork....appreciate any input...

thanks,

joules360
  • #1,290
  • Dec 6, 2006 7:00am Dec 6, 2006 7:00am
Quoting clam61
since you wait for the candle to close, wont a back test be accurate?
Simply try to analyze different ТF.
  • #1,291
  • Dec 6, 2006 2:48pm Dec 6, 2006 2:48pm
Hi!
For the fun of it, today i did a new indicator base on this method...
http://www.robotforex.com/forexfactory/bogavino.gif

Look like macd :-)
Green -> Daily filter, RSI >= 50, Period(14)
Red -> Daily filter, RSI < 50,Period(14)
white line -> Rsi is over 50 when its above the zero line, Period(21)
white line -> Rsi is below 50 when its below the zero line,Period(21)
Histogram -> >0, 5 cross 12 go long
Histogram -> <0, 5 cross 12 go short

So when white line and historigram go over zero(Cross MA) and daily filter go green... Go Long....

If there is modification to be done, please let me know...
Its a test, so tell me if you like it or not...
Attached File(s)
File Type: zip iBogavino.zip   3 KB | 694 downloads
Sorry for my bad english translation
  • #1,292
  • Dec 6, 2006 2:57pm Dec 6, 2006 2:57pm
what does that have to do with it?
Quoting maihua
Simply try to analyze different ТF.
  • #1,293
  • Dec 6, 2006 3:00pm Dec 6, 2006 3:00pm
Zeuzere....

What time frame is your chart?
Don Life is expensive, but includes a free trip around the sun.
  • #1,294
  • Dec 6, 2006 3:01pm Dec 6, 2006 3:01pm
hi zeuzere

great

maybe you could make the indicator so that it does not show all the green and white lines (we dont need it), but simply puts an up arrow or down arrow on the chart when all of these things happen together?

Quoting Zeuzere
Hi!
For the fun of it, today i did a new indicator base on this method...
http://www.robotforex.com/forexfactory/bogavino.gif

Look like macd :-)
Green -> Daily filter, RSI >= 50, Period(14)
Red -> Daily filter, RSI < 50,Period(14)
white line -> Rsi is over 50 when its above the zero line, Period(21)
white line -> Rsi is below 50 when its below the zero line,Period(21)
Histogram -> >0, 5 cross 12 go long
Histogram -> <0, 5 cross 12 go short

So when white line and historigram go over zero(Cross MA) and daily filter go green... Go Long....

If there is modification to be done, please let me know...
Its a test, so tell me if you like it or not...
  • #1,295
  • Dec 6, 2006 3:34pm Dec 6, 2006 3:34pm
First, i'm sure thats already done(Arrow).
Second, the goal its to remove all the indicator(2xma,rsi) from the chart and use only this custom indicator and also put the Daily RSI (Use 1 chart instead of 2)...

It is not a indicator that tell you when to buy ...
I like to choose the entry my self...
We are the best filter ;-)

If you zoom out you have a better view for the setup ( Cross are easier to see)

Quoting clam61
hi zeuzere

great

maybe you could make the indicator so that it does not show all the green and white lines (we dont need it), but simply puts an up arrow or down arrow on the chart when all of these things happen together?

It will use the time frame you put your indicator in it, but the green and red will always be the daily filter rsi.
The image is the hourly chart...

Quoting traderone
Zeuzere....

What time frame is your chart?
Sorry for my bad english translation
  • #1,296
  • Dec 7, 2006 4:24pm Dec 7, 2006 4:24pm
Zeuzere,

I like it!!!! Instead of the daily RSI 14 over and under 50, we should use the 4HR RSI 14. The 4 hour gives more trades.
Can you make the adjustment? Thanks!

Great work!

Bagovino
"Skills pay the bill's!"
  • #1,297
  • Dec 7, 2006 4:37pm Dec 7, 2006 4:37pm
is the reliability the same?

Quoting bagovino
Zeuzere,

I like it!!!! Instead of the daily RSI 14 over and under 50, we should use the 4HR RSI 14. The 4 hour gives more trades.
Can you make the adjustment? Thanks!

Great work!

Bagovino
  • #1,298
  • Dec 7, 2006 5:58pm Dec 7, 2006 5:58pm
Really glad you like it!

Quoting bagovino
Zeuzere,

I like it!!!! Instead of the daily RSI 14 over and under 50, we should use the 4HR RSI 14. The 4 hour gives more trades.
Can you make the adjustment? Thanks!

Great work!

Bagovino
Attached File(s)
File Type: zip iBagovino_4HFilter.zip   3 KB | 693 downloads
Sorry for my bad english translation
  • #1,299
  • Dec 7, 2006 6:01pm Dec 7, 2006 6:01pm
Apply 5 and 12 EMA and rsi 21 on 1h chart and 14 on daily/4h chart...
Compare and you will see by your self...
Your comment about reliability is welcome.

Quoting clam61
is the reliability the same?
Sorry for my bad english translation
  • #1,300
  • Dec 7, 2006 6:18pm Dec 7, 2006 6:18pm
Do you use a 5 and a 12 ema with the 4 hr chart
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