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Bagovino Method

  • #1,301
  • Dec 7, 2006 7:00pm Dec 7, 2006 7:00pm
I'll be testing it out and tell you all what I think...

Looks promising!

Bago
"Skills pay the bill's!"
  • #1,302
  • Dec 7, 2006 7:41pm Dec 7, 2006 7:41pm
A simpler filter would be to trade only in the direction of 100ema.

If you take a look at the daily chart, you would realise that 4ema or 5ema tracks the daily movements pretty closely. These would translate into 96ema and 120ema respectively on the hourly chart.


Regards,
Matsu
  • #1,303
  • Dec 7, 2006 11:41pm Dec 7, 2006 11:41pm
Matsu,


If you use the Vegas 1hr Indicator with fibs, you dont need the 96/120 EMA. Is is virtually the same as the mid line!

Bago
"Skills pay the bill's!"
  • #1,304
  • Dec 8, 2006 1:02am Dec 8, 2006 1:02am
Quoting bagovino
Matsu,


If you use the Vegas 1hr Indicator with fibs, you dont need the 96/120 EMA. Is is virtually the same as the mid line!

Bago

Thanks Bago. I once had the Vegas tunnel on all my charts. But there were too many lines on my charts and coincide with higher timeframe emas that I used. I do not use the tunnel anymore.


Regards,

Matsu
  • #1,305
  • Dec 8, 2006 1:06am Dec 8, 2006 1:06am
where do you guys set stops and how do you control money management?
  • #1,306
  • Dec 8, 2006 3:40am Dec 8, 2006 3:40am
I like very much your indicator Thanks a lot



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...
  • #1,307
  • Dec 8, 2006 12:21pm Dec 8, 2006 12:21pm
Zeuzere,

I think you misunderstood me. I want to keep the indicator on the 1hr chart, but instead of daily RSI 14, I wanted it to be based on the 4hr RSI 14.

I have an idea.... Can we combine all 3? That would give us max momentum. For example: It's red when both daily and 4 hr RSI 14 are under 50, yellow when just the 4 hr is over/under and green when both are over the 50.

Thanks,

Bago
"Skills pay the bill's!"
  • #1,308
  • Edited 3:06pm Dec 8, 2006 12:35pm | Edited 3:06pm
I think not, did you try it?

Crosses and rsi use current chart and the rsi filter use the 4h...

But anyway, i have modify the indicators so that you can put the period and timeframe you like...

exemple: Put the indicators on 15 minutes charts and use the indicator as if it were place on the 1hour chart(With same cross,color etc..).

Its already done, i'm writing a post on my journal with this indicator and others(comming soon)...

Quoting bagovino
I think you misunderstood me. I want to keep the indicator on the 1hr chart, but instead of daily RSI 14, I wanted it to be based on the 4hr RSI 14.
Sorry for my bad english translation
  • #1,309
  • Edited 3:05pm Dec 8, 2006 2:06pm | Edited 3:05pm
New version :

 

  1. Able to use the indicator on any timeframe

    1. Use the Bagovino method on any timeframe(not just 1H)

  2. Able to set value for higher time frame

     

    1. ex.: Use 1Hour setup on 15M chart

Go get it: iBagovino_V2

Sorry for my bad english translation
  • #1,310
  • Dec 8, 2006 3:21pm Dec 8, 2006 3:21pm
Yes we can, almost anything can be done...

Out off 8 possible colors(buffer), the indicator is now using 5 of thoses.
So Red for Negative and positive and same for Green = total of 4 colors
+ 1 white line for Current Rsi = total of 5 colors
+ New Yellow Negative and Positive = total of 7 colors

Quoting bagovino
Zeuzere,

Can we combine all 3? That would give us max momentum. For example: It's red when both daily and 4 hr RSI 14 are under 50, yellow when just the 4 hr is over/under and green when both are over the 50.
Sorry for my bad english translation
  • #1,311
  • Dec 8, 2006 5:21pm Dec 8, 2006 5:21pm
I'm looking to put together a small forex trading team, 2-3 people max. I would like to communicate on a daily basis through a free service such as skype. Free phone, free text communication for everyone involved, cant beat that. I'm online everyday trading and would like to continue trading with a team like environment bouncing trade ideas off each other and having various conversations about forex and making money!

I trade the GBP\USD only, London and NY open. I want to try to master one currency pair with a few different systems, including the Bagovino method. This is my basic style and want to keep it simple. I use a mid\long 4hr EMA system, the Bago on a 15-30 and lead into the 60 minute and a few other things I could add to the team. I want to keep it simple and smart. I'd like to create a plan that everybody on the team uses and we all try to master it. If your interested in trading this style and becoming friends and new trading partners, let me know. Nothing is set in stone, so I'm open for suggestions and help with a the trading plan.

Thanks

TI
  • #1,312
  • Dec 8, 2006 5:35pm Dec 8, 2006 5:35pm
Quoting Todd_Ianuzzi
I'm looking to put together a small forex trading team, 2-3 people max. I would like to communicate on a daily basis through a free service such as skype. Free phone, free text communication for everyone involved, cant beat that. I'm online everyday trading and would like to continue trading with a team like environment bouncing trade ideas off each other and having various conversations about forex and making money!
I would love to be part of that, but I have a day job, and only would be available from 16:00 on (EST)
Let me know....
Steve
  • #1,313
  • Edited Dec 9, 2006 12:28pm Dec 8, 2006 7:21pm | Edited Dec 9, 2006 12:28pm
Wow!....... I'm shock... true good to be true....

I did look at your idea and add some problem with the yellow line!

So i haded your 2 filter but how can we say if its negative or positive, if its the same color?
- Green Over 50 -> Green, 4h filter + daily filter
- Red Bellow 50 -> Red, 4h filter + daily filter
- Yellow ? over and below!!! Nah.... Maybe Yellow and orange
Since histogram is base on cross how can we says if yellow is negative or positive?
We short when the trigger is below and the histogram is yellow, no! We dont know if histogram is positive or negative with only have one color! Maybe you though on taking only position when both filter is positive or negative(Red or Green)!
I'm sure thats why you ask for yellow....

But at the same time ( I was trying hard to find a solution to this problem )
And i found the answer....

Before i explain, theres 3 filters (Base on basic Bagovino method)


 

  1. Current RSI(21)
  2. 4H RSI(14)
  3. Daily RSI(14)

ps.: F for Filter
When F1 > 50 and F2 > 50 and F3 > 50 then the bar is Green
When F1 > 50 and F2 > 50 and F3 < 50 then the bar is Yellow
when F1 > 50 and F2 < 50 and F3 < 50 then the bar is Red

Resume: Red= just 1 filter, yellow = 2 filter, green 3 filter.

By the way, we can modify the indicators the way we want!

  1. We can change the MA Period and timeframe
  2. We can change the Period and timeframe for every filter
  3. We can put the indicator on any timeframe

So i will send the file to Bagovino as soon as possible for him to test...
If everything work well then we will keep you in touch...

Also, if we release the indicator, i'm going to put restriction on it(Time delay,1 or 2 currency only, etc. Will see later )...

LOL, Hope i made a error, its to good to be true...
Stay tune....

Ps.: When you put the indicators on the 15minutes charts, with the Standard Setting(1HourRsi, and 4R/Daily RSI(14) ) you get faster result)... ;-)


Quoting bagovino
Zeuzere,

I have an idea.... Can we combine all 3? That would give us max momentum. For example: It's red when both daily and 4 hr RSI 14 are under 50, yellow when just the 4 hr is over/under and green when both are over the 50.

Thanks,

Bago
Sorry for my bad english translation
  • #1,314
  • Dec 9, 2006 6:18pm Dec 9, 2006 6:18pm
Zeuzere,

I'm not sure what you mean.... Sounds like you found something great when you were creating this indicator!
Let me know.

Thanks,

Bagovino
"Skills pay the bill's!"
  • #1,315
  • Dec 9, 2006 6:34pm Dec 9, 2006 6:34pm
wat does time delay mean, that the signal comes in late?

and why the restriction, i dont' care, just wondering.

regards
  • #1,316
  • Dec 9, 2006 7:13pm Dec 9, 2006 7:13pm
Hahaha!... I'm just happy how the indicator turns out (Its not the holy grail ;-) )...
At the begin, it was just a simple indicator that a created for the fun of it...
I dont even trade this method...

The version 3 that i 'm in right now use red for only 1 filter,yellow 2 and green 3 filter base on Rsi (First:1H RSI(21), 4HRSI(14), Daily(14)) Over zero go long, below go short. I'm thinking at removing the trigger line because its not useful anymore (Because of the way the histogram is implemented)...When its red, it mean that RSI(21) is up or down, but not the other filter, so having the line is repetitive.

Bagovino use 2 out off 3 type of indicator (Momemtum(RSI),Trend(MA)).
So i'm thinking of adding volume to it...
It will add more strength to the signal...

I'm working on it...


Quoting Westie
wat does time delay mean, that the signal comes in late?
and why the restriction, i dont' care, just wondering.
Right now, there will be only EURUSD available for trading...
The other currency will have some delay(First 25 bars will not show:No signal in real time, if you prefer).But you can see past result.

Until is tested by Bagovino and I, it will stay that way...Will see later...
It is not a super indicator... But just a good Bagovino method indicator for now... If its good enough will see for signal indicator instead, EA etc...

p.s: As i'm writing i'm looking at the chart and when i combine my system with bagovino, it confirm every trade i choose(It confirm what i see before taking a position).
Thats why i said: "I'm shock... true good to be true...."...
I did remove the text that say "few trade was a looser..." because i was refering to my system and bagovino together... I did not want anybody to get confused(For those that read the text before it was remove)...
Sorry for my bad english translation
  • #1,317
  • Dec 10, 2006 2:15pm Dec 10, 2006 2:15pm
Zeuzere,

I just got your indicator and will download it tonight to try out. I think we should add a volume indicator with it as well. It will filter many bad signals. Trades should only be taken once all signals line up and the volume indicator is at a certain level!
You mentioned it works best on the 15 min charts? Do you have any screen shots you can post here to demonstrate how it works?

Thanks,

Bagovino
"Skills pay the bill's!"
  • #1,318
  • Dec 10, 2006 3:19pm Dec 10, 2006 3:19pm
Here we go... little teaser :-)
iBagovino <- 66k 3826x897
Huge image ratio but you can see a lot more.

By the way, it does not work better on the 15 minutes, you see the same result as the 1 hour but you get you entry sooner ( 4bars of 15minutes vs 1 bar hourly)

I did draw a few support(blue) and resistance(red) to show my method with bogavino method. White circle is where i would have take position not all but a few of them...Also you can see divergence on the MoneyFlow Index(Yellow)...

enjoy!

Quoting bagovino
Zeuzere,

I just got your indicator and will download it tonight to try out. I think we should add a volume indicator with it as well. It will filter many bad signals. Trades should only be taken once all signals line up and the volume indicator is at a certain level!
You mentioned it works best on the 15 min charts? Do you have any screen shots you can post here to demonstrate how it works?

Thanks,

Bagovino
Sorry for my bad english translation
  • #1,319
  • Dec 11, 2006 10:27am Dec 11, 2006 10:27am
Z,


This is what I was talking about. Check it out!

B.
"Skills pay the bill's!"
  • #1,320
  • Dec 11, 2006 10:30am Dec 11, 2006 10:30am
Sorry... I cant get it to upload.

I'll try later... gotta go.

B
"Skills pay the bill's!"
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