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Bagovino Method

  • #1,381
  • Dec 30, 2006 3:01pm Dec 30, 2006 3:01pm
Hey bago. I dont know what you are working on for the 15 minute but I was playing around with another indicator I have and hacked it a little for RSI. As you see in the attached image it displays 4 bars for RSI from different timeframes. Red <50, blue>50. I am not good enough a hack to do what exactally you want because i can only put in one RSI period. This one is on the 21. IE cant make the 4hr 14 and the rest 21. Anyway I thought it may be a start or idea to expand upon. A little about it....

To change the RSI period, look for this code and change the 21 to your desired period...

Inserted Code
double rsi = iRSI(NULL, prd, 21,PRICE_CLOSE, yy);
 double dUp = EMPTY_VALUE; //   iCustom(NULL, prd, "SuperTrend", false, 1, yy);
 double dDn = EMPTY_VALUE; //iCustom(NULL, prd, "SuperTrend", false, 0, yy);

Also you may set the variable AUTODISPLAY to TRUE and it will change the bars according to these timeframes listed for your currently selected timeframe......

Inserted Code
if (AutoDisplay)
   {
  switch (Period())
  {
 case PERIOD_M1  :  SetValues(PERIOD_M1,  PERIOD_M5, PERIOD_M15,PERIOD_M30); break;
 case PERIOD_M5  :  SetValues(PERIOD_M5,  PERIOD_M15,PERIOD_M30,PERIOD_H1); break;
 case PERIOD_M15 :  SetValues(PERIOD_M5,  PERIOD_M15,PERIOD_M30,PERIOD_H1); break;
 case PERIOD_M30 :  SetValues(PERIOD_M5, PERIOD_M15,PERIOD_M30, PERIOD_H1); break;
 case PERIOD_H1  :  SetValues(PERIOD_M15, PERIOD_M30,PERIOD_H1, PERIOD_H4);  break;
 case PERIOD_H4  :  SetValues(PERIOD_M30, PERIOD_H1, PERIOD_H4, PERIOD_D1);  break;
 case PERIOD_D1  :  SetValues(PERIOD_H1,  PERIOD_H4, PERIOD_D1, PERIOD_W1); break;
 case PERIOD_W1  :  SetValues(PERIOD_H4,  PERIOD_D1, PERIOD_W1,PERIOD_MN1); break;
 case PERIOD_MN1 :  SetValues(PERIOD_H4,  PERIOD_D1, PERIOD_W1,PERIOD_MN1);  break;
  }
Change the periods to your liking

Again, I DID NOT code this, full credit goest to the author listed in the indicator.
http://img174.imageshack.us/img174/3...4835pm0.th.jpg
Attached File(s)
File Type: mq4 BagavinoBar.mq4   8 KB | 1,034 downloads
  • #1,382
  • Jan 1, 2007 4:34pm Jan 1, 2007 4:34pm
Hey guys I have a few quick questions. I honestly have had no issues with a really basic version of the bogo system. I mean it is the basic bogo with no 4hr indicator or the vegas. I just follow the 5 and 12 ema's and the rsi 21 and take my gains when things start to turn. I do alot of high volume trading so I make substantial gains. I honestly have yet to have any real losses with the system. I am trying to figure out anything else that will really help with this sysem that people have experienced. I tried the 96/120 emas didnt really seem to be beneficial. I do not use the vegas due to the fact I use oanda to trade, and I really like I said have not found it useful. Are there any other RSI or EMA combos or any other great indicators to estimate safe movements? I have tried additional ema's but they don't seem to be beneficial... I thought about possibly some stochatic but haven't tried to much with them... Well guys let me know.
  • #1,383
  • Jan 1, 2007 5:20pm Jan 1, 2007 5:20pm
CEO,

How exactly are you trading this indicator?

Sabotai,

Glad to hear your having great success with the method. Can I ask what hours you generally place your trades?
The 4hr RSI (14) filter should help you place more successfull trades. Also, can you share how you trade my method to the others. You may be doing something that others are not and it may help them.

Thanks,

B.
"Skills pay the bill's!"
  • #1,384
  • Jan 1, 2007 5:58pm Jan 1, 2007 5:58pm
Hey Bago,
That indicator simply shows wether the rsi from different timeframes is greaterthan or lessthan 50. Red<50, blue >50

I personally dont use it. You can accomplish the same thing with the MTF RSI'S. This is just a quick look, all red and your goin down, SELL MORE LOTS!!!!
LOL
  • #1,385
  • Jan 1, 2007 6:19pm Jan 1, 2007 6:19pm
Quoting sabotai
Hey guys I have a few quick questions. I honestly have had no issues with a really basic version of the bogo system. I mean it is the basic bogo with no 4hr indicator or the vegas. I just follow the 5 and 12 ema's and the rsi 21 and take my gains when things start to turn. I do alot of high volume trading so I make substantial gains. I honestly have yet to have any real losses with the system. I am trying to figure out anything else that will really help with this sysem that people have experienced. I tried the 96/120 emas didnt really seem to be beneficial. I do not use the vegas due to the fact I use oanda to trade, and I really like I said have not found it useful. Are there any other RSI or EMA combos or any other great indicators to estimate safe movements? I have tried additional ema's but they don't seem to be beneficial... I thought about possibly some stochatic but haven't tried to much with them... Well guys let me know.
I find the original method to work just find also. What I am doing is looking at the 15min during the asian-euro session transition. I add more to my position once I get another confirmation from 30min TF. I believe this is when Sabotai is trading also because I caught one of his post about a signal that I also picked up.

The only time I get "whipsaw" out of a trade is during the US session and you can't help it when news releases changes things in a second. After a big run up, the market always retraces and that might give out a false bago signal ... with enough experience ... people should learn to stay out of those.
  • #1,386
  • Jan 2, 2007 6:10am Jan 2, 2007 6:10am
Quoting nitman
After a big run up, the market always retraces and that might give out a false bago signal ... with enough experience ... people should learn to stay out of those.
Would You tell me, what is "big run up" for You for example on GBP/USD?
THX, NL
  • #1,387
  • Jan 2, 2007 6:26am Jan 2, 2007 6:26am
Hello nitman and sabotai,

I have been following this thread (only for about 2 weeks) and have trialled it on a mini account and i have been getting some good trades & some bad ones. the bad ones are the ones which seem to be that it gives a buy signal (ie rsi > 50 and 5 crosses up through 12) but then very soon (one or two candles on the 1 hr chart) it gives a sell signal as the change in trend was not strong enough.

also i live in australia, so am only able to trade asia session through to euro session, and whenever i turn on my pc the next morning i see a great trade that has occured, but i've been asleep !

but it seems that this system does produce nice profits, however i am struggling just a little.

it seems that you are using these same indicators but on a smaller TF (15 mins or 30mins) ? is this how you would recommend using this method ?

for the bagovino method i have also added an extra 18 ema, so i have a 5, 12 and 18 ema. attached is a screen shot of my chart, but it might look a bit messy.

i am also trialling a scalping method using lots of emas (5 through to 110 in 5 increments) which is quite interesting for short term trades.

cheers ,
anthony
Attached Image
  • #1,388
  • Jan 2, 2007 7:25am Jan 2, 2007 7:25am
Quoting anthonyrae
Hello nitman and sabotai,

I have been following this thread (only for about 2 weeks) and have trialled it on a mini account and i have been getting some good trades & some bad ones. the bad ones are the ones which seem to be that it gives a buy signal (ie rsi > 50 and 5 crosses up through 12) but then very soon (one or two candles on the 1 hr chart) it gives a sell signal as the change in trend was not strong enough.

also i live in australia, so am only able to trade asia session through to euro session, and whenever i turn on my pc the next morning i see a great trade that has occured, but i've been asleep !

but it seems that this system does produce nice profits, however i am struggling just a little.

it seems that you are using these same indicators but on a smaller TF (15 mins or 30mins) ? is this how you would recommend using this method ?

for the bagovino method i have also added an extra 18 ema, so i have a 5, 12 and 18 ema. attached is a screen shot of my chart, but it might look a bit messy.

i am also trialling a scalping method using lots of emas (5 through to 110 in 5 increments) which is quite interesting for short term trades.

cheers ,
anthony
You should turn on your EA for this method when you go to bed if you can't stay up long enough to see the nice moves that happen almost every night.

A big run up is when we have a big change in price in one direction...that's what I meant by it.
  • #1,389
  • Jan 2, 2007 7:37am Jan 2, 2007 7:37am
Quoting nitman
A big run up is when we have a big change in price in one direction...that's what I meant by it.
Sorry, I asked it on a wrong way...
I try again.
On GBP/USD, using Bago meth, how many pips move need in one direction, to that, You can call it BIG ?
THX, again NL
  • #1,390
  • Jan 2, 2007 8:11am Jan 2, 2007 8:11am
Quoting anthonyrae
Hello nitman and sabotai,

I have been following this thread (only for about 2 weeks) and have trialled it on a mini account and i have been getting some good trades & some bad ones. the bad ones are the ones which seem to be that it gives a buy signal (ie rsi > 50 and 5 crosses up through 12) but then very soon (one or two candles on the 1 hr chart) it gives a sell signal as the change in trend was not strong enough.

also i live in australia, so am only able to trade asia session through to euro session, and whenever i turn on my pc the next morning i see a great trade that has occured, but i've been asleep !

but it seems that this system does produce nice profits, however i am struggling just a little.

it seems that you are using these same indicators but on a smaller TF (15 mins or 30mins) ? is this how you would recommend using this method ?

for the bagovino method i have also added an extra 18 ema, so i have a 5, 12 and 18 ema. attached is a screen shot of my chart, but it might look a bit messy.

i am also trialling a scalping method using lots of emas (5 through to 110 in 5 increments) which is quite interesting for short term trades.

cheers ,
anthony
Have you also tried using this with the 4hr filter? Use an RSI 14 on a 4 hr chart as a filter and then only take the trades when this indicator complies with the signals being given on the 1 hour chart.

Hopefully this will keep you out of some of those nasty trades that turn around as soon as you have got into them.
  • #1,391
  • Jan 2, 2007 9:20pm Jan 2, 2007 9:20pm
Ceo,

I used your indicator on a 5 min scalp system I'm working on. It seemed to work pretty well! So far so good... I'll test it some more this week.
Check it out on a 5 min chart. I think you'll like what you see.

I will share the new scalp method with you all as soon as I finish testing.

B.
"Skills pay the bill's!"
  • #1,392
  • Jan 3, 2007 1:45am Jan 3, 2007 1:45am
hi....


Well I cant resist....I have to say a thread that has the 5min method and 44 posts has the same rating as this thread with about 1391 post....whats the world comming to....hahahhhaha
  • #1,393
  • Jan 3, 2007 7:12am Jan 3, 2007 7:12am
Hi

Thanks for the replies and hints about checking the 4 hour chart.
nitman.. is there an EA available in this thread or another, or do you use one ?

Cheers,
  • #1,394
  • Jan 3, 2007 9:35am Jan 3, 2007 9:35am
Hey all, Im sure someone has already asked this, but reading through those 1000+ posts does take a while, so I was wondering if someone could answer this for me real quick:

I am using the bago method with the vegas 1hr indicator, I was just wondering do I begin to sell my lots at the first fib line and sell more the farther the fib line or wait until the market hits the third fib line and then start selling from there?

Thanks,
Jon
  • #1,395
  • Jan 3, 2007 11:19am Jan 3, 2007 11:19am
Quoting Jon Reed
Hey all, Im sure someone has already asked this, but reading through those 1000+ posts does take a while, so I was wondering if someone could answer this for me real quick:

I am using the bago method with the vegas 1hr indicator, I was just wondering do I begin to sell my lots at the first fib line and sell more the farther the fib line or wait until the market hits the third fib line and then start selling from there?

Thanks,
Jon
Jon, I believe the vegas 1hr indicator is used for T/P levelsl. Whenever you get the signal to open a trade, open three lots or partial lots.When you get to the first fib, take partial profits and let the rest ride. Do the same untill you get to the 3rd fib, closing out your trade or just letting the last lot ride until stopped.

Anyone else care to elaborate?

Dave
  • #1,396
  • Jan 3, 2007 11:32am Jan 3, 2007 11:32am
Quoting powermediaone
Jon, I believe the vegas 1hr indicator is used for T/P levelsl. Whenever you get the signal to open a trade, open three lots or partial lots.When you get to the first fib, take partial profits and let the rest ride. Do the same untill you get to the 3rd fib, closing out your trade or just letting the last lot ride until stopped.

Anyone else care to elaborate?

Dave
Thanks Dave, you answered my question perfectly, I kinda figured to take partial profits at the first fib for minimal risk, but a few other posts started to get me confused, thanks for clearing that up

Jon
  • #1,397
  • Jan 3, 2007 9:16pm Jan 3, 2007 9:16pm
I like to use the 5-3-3 Stochastic. It's particularly good when it rolls over at extremes. Also look for a divergence as they will provide the strongest probability trades.

Quoting sabotai
... I thought about possibly some stochatic but haven't
tried to much with them... Well guys let me know.
"Though this be madness, yet there is method in it." -Hamlet Act II
  • #1,398
  • Jan 4, 2007 11:46am Jan 4, 2007 11:46am
Has anyone made an expert advisor for this particular trade system yet? I've read some posts about throughout this thread either asking for one or saying they will begin to work on one, but so far no final product has been made?

Jon
  • #1,399
  • Jan 4, 2007 9:10pm Jan 4, 2007 9:10pm
I try to trade us and asian sessions. I usually end up just doing the Asain though since I work during the day. I feel even with this bogo system you have to really feel the trades and feel how the market is going. I am not sure how else to put that.. If i see a really hectic market doing alot of spikes you know sooner or later it is going to normalize then I tend to jump on that trend. It is like using some good Indicators which is all these things are then using your instinct and ability to determine real possible trends... You have to spot the things that just look like false signals. I usually jump down to 30 min and 15 mins for indicators of where things could be heading. I try to trade the SAFEST signals I can. If a signal to me doesnt feel right I will not trade it. I usually trade at the rate of around 500 a pip so wins are big but so are losses. I have had up to 5 $500 a pip trades going at a time. I honestly do not shoot to make alot of pips just safe ones. 30 pips to me is 15k in a month and I am happy with that.
  • #1,400
  • Jan 5, 2007 8:09am Jan 5, 2007 8:09am
Jon: Look for the separate thread with that name. Glenn
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