Bag-it: A successful EA based on the Bagovino Method

Quoting fukinagashi

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I am too happy to hear that you got a millionair last month, I mean if november is the month for MA cross systems, you probably grasped the opportunity and put all your money 400:1 on one of any MA cross system ...
congrats to GP2X!!!

I unfortunatly do not have your skill & experience, I am still searching for the fool-proof system.

But maybe you would teach me, what kind of system should profit in December? Or January?

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Quoting aha

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Chill man, what GP2X was saying is that this Nov is a huge trending market. Any MA cross system would profit in this kind of condition. He didn't say that all Nov is trading market. Bago said the same thing in a few post before.

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Quoting stevenali

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maybe we can buy at bottom and sell at the top...?

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Quoting fukinagashi

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I just found out, that I cannot edit the original post on this board. Get me right I do not want to edit anything in there, but I would have liked to keep the most actual stuff in the first post, so no one needs to check the whole thread for that. Pity. So I decided to refer here rather to my webpage. Here you find all updates to bag-it.

As too all critics/suggestion: I don't mind suggestions, but don't you think that in the 2000+ existing EAs someone allready catered for your cookie cutter issues? Again I have spent so much time researching with standard philiospies, that I gave up on it. There are now two ways:

 

1. We willl never have a successfull EA
2. We didn't look at the right spot for it (aka our actual theories are great, but wrong)

I had an eye opener at my participation of the starter thread. This guy intentionally/(accidently) kicked at least two standard rules away, and suggested a method, which gained me last year some 3 TUSD (real money).

The most hillarious about his method is, that he interpretes the CCI exactly opposite to the classical way. And it works. I still run a variant of the starter method on my real money, and while it is admitedly not consistent, I am - over all - still in the plus with this method. Now how many of your off-the-shelf/consistent-to-your-theoriy systems are giving you positive pips? That would have been acually my mql4 championship Ea if I idiot would not have missed the registration time.


Another example: Zonker the actual A1 of the MQL4 Championship. This guy is a major rule breaker. After I have read the source code of his EA I immediatly fell in love with him. He probably has a Mohican and supports Greenpeace events. Just read his source:

PHP Code

 if(sma > Ask) //Euros going cheap! BUY!
      BuyEuros = true;
   
   if(sma < Ask) //Momentum in our favour! BUY!!
      BuyEuros = true;
      
   if(sma == Ask) //BuY EUROS NOW!!!, BUY MORE!!!
      BuyEuros = true; 

And? He made 45 TUSD out of 10 USD in just two month. Actually that is wrong. He first lost 70% of the 10 TUSD. And then, out of 3 TUSD he gained 45 TUSD in 7 weeks. And on a related note: His EA poops on closed candles .

What do we learn of this? Break rules, is not a "bad thing". I know you guys would be happier to have my EA gain 50% in 2 weeks AND trade on closed candles (me too), but this is not going to happen. I know - like you - why signals of closed candles are "a good thing", but if forex trading would be that easy, there would be more successfull traders out there. As in any kind of investment revenues are linked to risk.

Realize: An automized systems, has the disadvantage of emulating the most stupid trader ever. This most stupid trader will be the money-cow for all traders with a IQ of 50+, while it is predictable. It has no chance ... not the slightest chance .... to win, until he becomes ... unpredictable, while remaining consistent.

Again. There is a reason why I stop publishing source code. If you want to castrate an EA, don't do it with mine. As far as I know, all attempts to automize the Bagovino method have not been remotely as successfull as my EA.

If you don't like how it trades, just ignore this thread. Move on. Here is nothing to see. Only a sad, stupid, silly guy, who thinks he has found the way to beat the market on the long term. Not interesting for you, especially since you guys are already on the sunny side of life with your workings EAs ... or are you not?

I assume I will double the money before End of January 2007. Just check my webpage. You will have the publisher statement there, automatically updated all 5 minutes.



And if I instead loose it: Wow, you were right! It is that easy.

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Quoting clam61

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fuki

im confused. looking at zonker's code, it seems like you are saying that EAs can be worhtless?

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Quoting MNFX

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Thank you for sharing your EA with board. After reviewing your history I would be concerned with your 50% drawdown. You went from $5000 to $10000 very quickly, which is good, but then you went right back to $5000 even quicker.

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Quoting fukinagashi on 12-03-06, 21:55

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I assume I will double the money before End of January 2007. Just check my webpage. You will have the publisher statement there, automatically updated all 5 minutes.

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Quoting fukinagashi

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Hi community,

I read the Bagovino Thread the first time in September 2006. Normally I do not believe in MA-Crossing systems, so I cannot even say, what made me develop an EA based on it.

The backward tests were not bad, but who relies on these .

So I forward-tested. In the time between begin of October to begin of November the demo account of 5 TUSD was doubled. I was still skeptical so I deleted the account and forward-tested again, again with encouraging results (> +50% in about 2 weeks see please Detailed Statement).

So I decided to give you access to this EA (see attachment).

1. Why do you publish it only as .ex4? I need the sources!

I have spent literally hundreds of hours programming indicators and experts, sharing them with the community, only to have other people pick up my source code, remove my names and publish it with a few changes as their ea, in some cases even asking money for that.

In other cases people messed my codes up completely, but still published them as proper, new versions of indicators, what caused in return other people turn on me about the "garbage" I programmed.

So I had my share. I still like to contribute, but I want to control what happens with my projects. This EA is actually even timelimited until Febuary 2006. Until now people only come back to me with errors, problems or other things they are unhappy about. Now I would like to meet the people who are actually happy about what I make (if there are any :-/ )

2. Ah, you made the statement up!

No, send me a PM. I will give you the audit password for the account. It is still running (as long as Alpari lets me have it) and you can see that it is correct.

3. So how are the setups?

I use GBP/USD, USD/CHF, EUR/USD, USD/JPY H1

Other pairs and crosses should be as well possible.

4. How do I use the Parameters "ExtMaximumRisk" and "<st1lace w:st="on">Lot</st1lace>"?

If "ExtMaximumRisk" is 0, the value "<st1lace w:st="on">Lot</st1lace>" is used for your LotSize. If it is not 0 the following formula applies:

AccountBalance*ExtMaximumRisk/AccountLeverage/10

The algorithm checks nevertheless existing Min/Max Lotsize and applies these information accordingly. So even if you use a very conservative ExtMaximumRisk, but your MinLotsize is 1 (as for many demo accounts), the system will trade with 1 <st1lace w:st="on">Lot</st1lace>.

5. Wow, what garbage, you trade without Stoploss / Takeprofit.

Wow, no, it is just invisible and intelligent.

Ok here is the deal:

I have lost in real trading so many trades to "oddities" which involve the SL/TP, that I have become very skeptical. My best trades were crippled by sudden peaks which threw a position into the Stoploss (and only on my server!!!) or even in non-news-times TPs were ignored for up to 15 minutes and up to 10 pips over TP and still the trades had the occasion to go all the way down to be killed somewhere in the deficit (and the SLs were actually hit :-<).

/rant on
As to my "suspicion": In theory brokers do not gain or loose if we do so. But this theory assumes that the broker actually puts our trades onto the market and there was a counterpart.

Big suprise: In retail banking that does not happen. In best case they compound, that means they check from time to time how many trades are short and how many are long, and if there is a big discrepancy then they actually deal the difference. That is the real reasons why they don't like people who trade big lotsize and why people who win alot of money find themselves quickly on manual execution. Not to punish them, but to actually do the trades to avoid the risk.

So for the dirty rest of us, which has in theory a 50% successrate, it does not hurt to keep us from winning. Not because they are mean, no: Only because if we win, they actually need to give us something. Something they do not necessarily gained themselves somewhere.

I think their servers are "optimized"? An algorithm which has a certain "magnetism" for SLs and a certain avoidance of TPs will actually minimze eventual losses of a broker.

And I am not just paranoid. I gathered tick data between different brokers and compared them. It was a very interesting result.
/rant off

So I have had it and implemented in my EAs "invisible" SL/TP. This changed the success rate of my trade definitely to the better.

While experimenting I had the idea to make an intelligent set of SL/TP, that means stops which are not a fix value, but a factor which stands in relation to the actual range of pips (ATR). That means, during times of low volatility the Stops are much more sensitive and close, then during times of high volatility.

It seems to work.

6. Why didn't you give us much more parameters to optimize, fine-tune, improve the EA?

Because you will cheat yourselves with Over-Optimization. Face it; we all do it, when we have the opportunity. If this EA looses money for you, delete it and ignore me. If it wins, don't get greedy and try to earn more/faster.

7. Do you propose I can trade life with it?

Yessss, and how about driving car with a blindfold, if I would ask you?

Demo-test it until you are tired and during that time, form an opinion and decide for yourself.

I will not respond to any questions which have to do with topics like:
- What is the bagovino method
- How do I set this EA up
- What is metatrader
- Why does my backtest does not show the same results as your front-test
- Modellquality
- etc. etc.

There have been too many threads here and on other boards dealing with these questions. Google for them...

Sorry, if anything here sounds rude. I prefer straighforwardness. It is more effective.

------ edit 01.12.2006 -------------
ZIPs are now compatible

------ edit 01.12.2006 -------------
I forgot to mention the NFP feature: The EA calculates NFP days and will close positions before the NFP and will not trade during the hours of the NFP and directly following.
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Quoting fukinagashi

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I just wanted quickly to mention that my EA actually doubled the account as of yesterday. Please see the online statement. (MT4-Publisher generated)

It is now 30 days since the begin of the account and about 2 weeks after the big drawdown. The experiment does not stop here. Lets see when the account is doubled again. I theory this should be before end of january.

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Quoting GreatYves

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Hi FUKI, i am develloping an EA too, i have been using bago method for a little while and found out it was really good at making pipe in a trend AND really good at loosing them in a consolidation period.

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Quoting Dpip

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Are you useing the 4H filter?

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Quoting GreatYves

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Sorry! No! I missed this one??? What is it?

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