Bag-it: A successful EA based on the Bagovino Method | Page 4 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Bagovino Method 3,834 replies

Fully Customizable Bagovino Method EA 43 replies

Newbie question about the Bagovino Method! 11 replies

"Bagovino Method" VS "Cornflower Hourly System" 16 replies

Mouteki-Bagovino-Vegas-Firebird Movie 9 replies

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

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

  • #61
  • Dec 18, 2006 6:13pm Dec 18, 2006 6:13pm
Ok, I know the author of this EA would be pissed at me for asking this question, so maybe someone else can answer it: Do I just place this file in my experts folder to use it? That doesn't seem to work...nor does compiling it....
Binary Options Trader
  • #62
  • Dec 18, 2006 6:37pm Dec 18, 2006 6:37pm
Quoting Yoda_Glenn
Ok, I know the author of this EA would be pissed at me for asking this question, so maybe someone else can answer it: Do I just place this file in my experts folder to use it? That doesn't seem to work...nor does compiling it....
Extract or copy the file to the experts folder and re-start MT4. You do not need to compile it because it is already compiled. It will show up as gray in the navigator because we don't have the the source - *.mq4 version. Just attach it to a chart in the normal manner.
  • #63
  • Dec 19, 2006 1:53pm Dec 19, 2006 1:53pm
Quoting Dpip
I'll do it in the Bagovino method thread, so not to hijack this away from the EA.
Hehe Yves,

all you contributions are to the point and correct, I do not mind them at all, but I agree that this discussion should rather be done in the Bagovino thread.


Quoting Dpip
On the EA, the 4H filter would be a big help.
I will check the impact of it. I actually like the volatile trading of the EA (thanks to trading on open candles , see the trades it made today. I cashed in a 130 pip move on the GBPUSD, but the USDJPY caused only minor damage (32 pips in three trades).

Actual balance: 11.463.54 $ out of 5 TUSD initial investment. Admitedly rackless moneymanagement (1 Lot each time), but I will offer once in a while a consideration of the pip values, which I find much more telling.
  • #64
  • Dec 28, 2006 12:47am Dec 28, 2006 12:47am
fukinagashi thanks for this system.

i have tested this since december 20. nice results untill now.

excellent job.
Attached Image
  • #65
  • Dec 28, 2006 12:38pm Dec 28, 2006 12:38pm
Fuki,

If I can make a suggestion.... As a Dpip stated, the 4 hr filter should greatly help your system. In theory anyway. You never know with these EA's. Anyway, it should work well with your EA not waiting for the bar close. All it is, is use an RSI 14 on the 4 hr, but still take the trades on the 1 hr with the RSI 21. When the 4hr RSI 14 is above the 50 line you only take long signals from your 1hr chart. When the 4hr RSI 14 is below the 50 line you only take short trades.

If you would be so kind as to test this we'd all greatly appreciate it!

Thanks,

Bagovino
"Skills pay the bill's!"
  • #66
  • Dec 29, 2006 4:06am Dec 29, 2006 4:06am
Hi Fuki,

thank for your work, your online statement is really really good!

However I have a problem with opening position, so I wanna ask help to the people who are using IBFX too.

According to Bagovino rules (EMA 5 crosses below EMA 12 and RSI(14) crosses below 50 level) a short position should be opened on cable....and so is on Fuki statement, but on my account nothing happens!!!

Maybe in the code there is something about the symbol name and on IBFX I have GBPUSDm instead of GBPUSD....

Anyone else has this problem too??

Thanks
FxManiac
  • #67
  • Dec 29, 2006 9:48am Dec 29, 2006 9:48am
Quoting FxManiac
Hi Fuki,

thank for your work, your online statement is really really good!

However I have a problem with opening position, so I wanna ask help to the people who are using IBFX too.

According to Bagovino rules (EMA 5 crosses below EMA 12 and RSI(14) crosses below 50 level) a short position should be opened on cable....and so is on Fuki statement, but on my account nothing happens!!!

Maybe in the code there is something about the symbol name and on IBFX I have GBPUSDm instead of GBPUSD....

Anyone else has this problem too??

Thanks
This EA hasn't opened any trades for me either on IBFX.
Binary Options Trader
  • #68
  • Dec 29, 2006 10:18am Dec 29, 2006 10:18am
If the EA has hardcoded symbols in it, such as GBPUSD, and you are on a mini at IBFX it won't open orders because they code there mini feed with an 'm' at the end. I don't know how this EA is coded, so only the OP can answer that.
-i trade currencies at the airport-
  • #69
  • Dec 29, 2006 11:00am Dec 29, 2006 11:00am
Quoting bagovino
Fuki,

If I can make a suggestion.... As a Dpip stated, the 4 hr filter should greatly help your system. In theory anyway. You never know with these EA's. Anyway, it should work well with your EA not waiting for the bar close. All it is, is use an RSI 14 on the 4 hr, but still take the trades on the 1 hr with the RSI 21. When the 4hr RSI 14 is above the 50 line you only take long signals from your 1hr chart. When the 4hr RSI 14 is below the 50 line you only take short trades.

If you would be so kind as to test this we'd all greatly appreciate it!

Thanks,

Bagovino
I'll look into it. It sound promising. By all means thank you for explaining that filter to me. I am a bit short on spare time atm, so I appreciate that.
  • #70
  • Dec 29, 2006 11:01am Dec 29, 2006 11:01am
Quoting rideblitz
If the EA has hardcoded symbols in it, such as GBPUSD, and you are on a mini at IBFX it won't open orders because they code there mini feed with an 'm' at the end. I don't know how this EA is coded, so only the OP can answer that.
No it has not. It adapts to the exact symbol your system uses. You could actually even trade CFDs or futures with it.
  • #71
  • Dec 29, 2006 11:14am Dec 29, 2006 11:14am
Quoting FxManiac
However I have a problem with opening position, so I wanna ask help to the people who are using IBFX too.

According to Bagovino rules (EMA 5 crosses below EMA 12 and RSI(14) crosses below 50 level) a short position should be opened on cable....and so is on Fuki statement, but on my account nothing happens!!!
Quoting Yoda_Glenn
This EA hasn't opened any trades for me either on IBFX.
Odd and maybe not odd. The EA has some undisclosed features which are not completly according to the "True Bagovino Method (R)", but to find out could you please

 

  1. Check in the "Experts" and the "Journal" Tab of this moment where you expect a buy/sell, if you have any error messages? Since you might have - since then - closed your Metatrader instance, you can still find this in the files

    1. \logs\...
    2. \experts\log\...



      of the regarding day. If not you do not find any errors, it is very likely that the signals did not qualify a trade.

  2. Now to resolve that issue it would be best to post me a screencapture of the regarding period. Please put up the regarding MAs and RSIs (14) and show please at least 10 candles to the left of the moment, where you expected a signal.

One of the undisclosed features has to do with the behaviour of the signals before the acual buy/sell signal. Why the EA is willing to trade before a candle is closed, it is not stupid: The signal must have a history. When I see your screencapture I can tell you if there is a bug (perfectly possible) or if that is intended.

But please check your error logs first.

  • #72
  • Dec 30, 2006 8:05am Dec 30, 2006 8:05am
Quoting Yoda_Glenn
This EA hasn't opened any trades for me either on IBFX.
Same here since starting on 12-26-06. No errors reported in the Experts or Journal tabs.
  • #73
  • Dec 30, 2006 8:14am Dec 30, 2006 8:14am
Quoting bugy
fukinagashi thanks for this system.

i have tested this since december 20. nice results untill now.

excellent job.
What broker are you using? I've been running since 12-26-06 demo testing at FXDD, FBFX and IBFX. No trades so far at IBFX. Two trades at FXDD, see attached statement. One trade so far (still open) at FBFX on a EURUSD short at 12/28 22:00 GMT at 1.3147 which is currently down 53 pips.

The entries/exits are far off from the results posted here by you and by Fuki's statements. I'm trying to figure out why. I set GMTDiff to 2 for FXDD and 0 for the other two brokers. Changed lots to .50. Applied to the 4 majors at H1. All other settings are defaults.

I'd love to be able to corroborate results posted by others. But, so far, I'm far from it. Any clues on what to look for to align my results with those of Fuki's?

<table border="0" cellpadding="3" cellspacing="1"><tbody><tr align="left"><td colspan="14">Closed Transactions:</td></tr> <tr align="center" bgcolor="#c0c0c0"> <td>Ticket</td><td nowrap="nowrap">Open Time</td><td>Type</td><td>Lots</td><td>Item</td> <td>Price</td><td>S / L</td><td>T / P</td><td nowrap="nowrap">Close Time</td> <td>Price</td><td>Commission</td><td>Taxes</td><td>Swap</td><td>Profit</td></tr> <tr align="right"><td title="Deposit">5478236</td><td class="msdate" nowrap="nowrap">2006.12.26 21:26</td><td>balance</td><td colspan="10" align="left">Deposit</td><td style="">5 000.00</td></tr> <tr align="right" bgcolor="#e0e0e0"><td title="#666 Bag-it v 1.1b[sl]">5484625</td><td class="msdate" nowrap="nowrap">2006.12.27 05:01</td><td>buy</td><td style="">0.50</td><td>gbpusd</td><td style="">1.9585</td><td style="">1.9598</td><td style="">0.0000</td><td class="msdate" nowrap="nowrap">2006.12.27 15:16</td><td style="">1.9598</td><td style="">0.00</td><td style="">0.00</td><td style="">0.00</td><td style="">65.00</td></tr> <tr align="right"><td title="#666 Bag-it v 1.1b">5484635</td><td class="msdate" nowrap="nowrap">2006.12.27 05:02</td><td>sell</td><td style="">0.50</td><td>usdchf</td><td style="">1.2201</td><td style="">0.0000</td><td style="">0.0000</td><td class="msdate" nowrap="nowrap">2006.12.28 05:00</td><td style="">1.2266</td><td style="">0.00</td><td style="">0.00</td><td style="">-14.15</td><td style="">-264.96</td></tr> <tr align="right"> <td colspan="10"> </td> <td style="">0.00</td> <td style="">0.00</td> <td style="">-14.15</td> <td style="">-199.96</td> </tr> <tr align="right"> <td colspan="12" align="right">Closed P/L:</td> <td colspan="2" title="Commission + Swap + Profit + Taxes" style="" align="right">-214.11</td></tr></tbody></table>
  • #74
  • Dec 30, 2006 1:29pm Dec 30, 2006 1:29pm
Well your CHF was a valid trade. It went 41 to the down so there were pips to be made. I dont know what the lock profit or trail or take profit or stoploss is in this EA but a move that much in your favor should not end in a loss. It could very well be 40 and with the spread, it just missed. I have had that happen to me many times, just missing my lock and ending up a looser. There was a valid buy long before the close of this trade happend on 2006.12.27 15:00

I doubt this EA is a hard stoploss number. Looks like it may be based on ADR. Given this pairs ADR of around 80-85 and when it sold it had moved about 20 would leave the 65 pip SL that it hit. I dont see it that way myself though. It moved 20 down so that leaves 65 to go down, but 85 to go up. The possible reward is 65, a R to R ratio of only 2:1 would mean a SL of 33 (half of 65) A better SL of 3:1 is 22. In any case this trade should have been shut down long before that kind of loss. Either a smaller SL or the valid cross, A trail, something. There isnt anyone here that would look at that chart in that timeframe and let it run that long with a manual trade. I see the developers philosophy of "room to breathe" but IMHO that was just to much oxygen.

It is a good EA, dont get me wrong. I did backtest on a couple pairs a while back and it did make money. It is making money forward testing as well. By analyzing just this trade it does not fit my MM profile.
  • #75
  • Dec 30, 2006 1:40pm Dec 30, 2006 1:40pm
I see just above fukinagashi mentiones 10 candles. It is probable that it didnt take the buy signal and close the sell trade because there was the sell cross within 10 candles previous. Sounds like a good idea to stay out of ranging markets if that is the case. It just didnt work in this particular trade. Its all about odds. If you get it right 51% of the time, you will make money. 2 trades isnt enough to evaluate this billworld. Again, it doesnt fit my MM profile just by looking at this one trade, so thats all I need to know. I am sure my MM is completely different from fukinagashi.
  • #76
  • Dec 30, 2006 1:46pm Dec 30, 2006 1:46pm
Hmm, kinda stuck my foot in my mouth. I see bugys statement for the same trades with a win. Maybe it does fit my MM after all. Billworld, are you staying connected? If there is a trail or anything other than a simple stoploss you have to be connected at all times to work.
  • #77
  • Edited 11:08am Dec 31, 2006 10:29am | Edited 11:08am
This is My Statement.....
Attached Image
  • #78
  • Dec 31, 2006 1:53pm Dec 31, 2006 1:53pm
Quoting C.E.O.
Hmm, kinda stuck my foot in my mouth. I see bugys statement for the same trades with a win. Maybe it does fit my MM after all. Billworld, are you staying connected? If there is a trail or anything other than a simple stoploss you have to be connected at all times to work.
I was running this from one of my Virtual Private Server accounts located at a 24/7 data center. It ran continuously.
  • #79
  • Edited 10:07am Jan 2, 2007 2:48am | Edited 10:07am
bago EA is expired now, can you post a new version?
  • #80
  • Jan 2, 2007 9:10am Jan 2, 2007 9:10am
my bago EA expired also. is it going to be a new version for the ones that have tried the first? at least that's what fukinagashi said ...
4 traders viewing now