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Bagovino Method

  • #3,061
  • Dec 29, 2007 5:08am Dec 29, 2007 5:08am
Bagovino,

You reckon it would be good to start a new & clean thread for "Bagovino Method II" ?

This was one of the top threads of 2007 before it became extinct.

Cheers.


Quoting bagovino
First I want to say great job to Henryloc for quadrupling an account! Please post some insight as to how you take your trades as everyone does things a bit different.

Next I'd like to say this thread went DOWN when you guys tried to make it an EA. As I have stated a billion times over... EA's DO NOT AND WILL NEVER WORK!!!!
Manual trading is the only way to go. I lost all interest in my own tread when it was taken to an EA.

I'd like to make this thread active again on a manual trading basis only. So please... Whoever would like to get this going again please reply here and lets trade. I'd like Henry to get active!

Thanks and Merry Christmas!

Bagovino
  • #3,062
  • Dec 29, 2007 5:40am Dec 29, 2007 5:40am
Hi ya Rorieu,

Sorry to be a pain but I like the clean set up you have above for your trade on the £/$ and was wondering if it was possible for you to put the template for that on here so I could try it out??

If you could do that it would be much appreciated

BIG thank you in advance..

Adrian
  • #3,063
  • Dec 29, 2007 6:29am Dec 29, 2007 6:29am
Hi folks.

I'm glad to see such great interest in this thread & the re-start.

Thanks Bagovino.

Question: What is RMI, and what are it's components?

I have Interbank MT4 as well as FX Accu Chart.
Neither has this indicator.
I wonder, if I knew what it's make-up, I might cobble something together which approaches what this little item does.

Thanks.
  • #3,064
  • Edited 9:11am Dec 29, 2007 7:00am | Edited 9:11am
For anyone wanting to convert their MT4 platform to show a 10 min time frame, have look at post 1800, page 120 on this thread, Driftwood posted instructions on how to do this and the Period Converter indicator.
  • #3,065
  • Dec 29, 2007 3:49pm Dec 29, 2007 3:49pm
RMI Indicator :

"The RMI is a variation of the RSI indicator. The RMI counts up and|
down days from the close relative to the close x-days ago (where x|
is not limited to 1 as is required by the RSI) instead of counting|
up and down days from close to close as the RSI does. |

Note that an RMI with parameters of C, 14, 1 is equivalent to a 14|
period RSI of the Close price. This is because the momentum |
parameter is calculating only a 1-day price change (which the RSI |
does by (default). |
As the momentum periods are increased the RMI fluctuations become |
smoother. |
Since the RMI is an oscillator it exhibits the same strengths and |
weaknesses of other overbought / oversold indicators. |
During strong trending markets it is likely that the RMI will |
remain at overbought or oversold levels for an extended period of |
time. |
However, during non-trending markets the RMI tends to oscillate more
predictably between an overbought level of 70 to 90 and an oversold|
level of 10 to 30. "
Attached File(s)
File Type: mq4 RMI.mq4   4 KB | 639 downloads
File Type: ex4 RMI.ex4   3 KB | 527 downloads
  • #3,066
  • Dec 30, 2007 11:30am Dec 30, 2007 11:30am
Quoting bagovino
EMA's on close.... Entry on the 5/12 cross with the 21 RSI above (Long) or below (Short) for entry. Exits on Fibs.... I draw the fibs on the charts, but Renasdad had a 1hr Vegas tunnel indicator which I hopes he posts for you all to use as entries and exits on trades.

B.
Hello Bagovino,
Can you please tell me where and how to draw fib.retracement on the chart? Where to get a free chart to put all your settings on? Thank you.

Moni
  • #3,067
  • Dec 30, 2007 4:29pm Dec 30, 2007 4:29pm
Quoting rorieu
It's fantastic to see the thread's been wakened up thanks again to Bago. I'm not surprised that everyone dropped out during the 'EA period' (yawn), I completely lost interest too.

MARCO
Glad you're back here Marco, your results are very impressive. GU I agree with but not sure how you can make anything off EU, I much prefer EUR/JPY with GU.
Are you still using the same indicators as # 2035 & #2043 on 10 minute?
Please post a few trades with pics so we can see your methods in detail. Or just list a few with the reasons??

I've attached my current chart... generally as per Bago-Strada. I've used RMI instead of RSI to smooth off the sharp bits. The 17ma +5ma+ RMI parallel spacing is good reassurance for an ongoing trend. The trend finish is clearly verified by the cross of the RMI & 5ma which I've found to be a very good exit indicator.

Thoughts, comments, improvements anyone?

R

Rorieu..

I have to head out to attend to a family matter so I'll make this rather short..

The only indicators I use now and have after several months and many trades are the Stoch set at 10,3,3, and 75% and 25% overbought and oversold, RSI set at 9 with a 50% line and MACD with a 12/26/9 setting and Histogram.

That's it. It works consistently for me and I've made a living with it for months now.

I don't take more than a 25 pip loss..ever.

I gather pips almost every day and have learned to take money off the table when it's available and not get greedy.

I found that simplicity is the key for signals, and money management for proper account control.

I have about a 68% winning average which is quite sufficient for profitability.

Also.. I switched back to 15 min chart from 10 minutes.. works better for me.

I'm out every day.. do not stay in overnight and am out before news events.

There will be losses.. but kept to a minimum with proper stops, there is money readily available to be made with this system.

I've seen some pretty crazy negative remarks made about ma crossover systems made in Forexfactory posts.. some even saying you give it all back.

Nonsense.

Control the greed factor and take money off the table when it's available and stay with your stops.. this isn't rocket science.,



Take care.

Marco
"I know how hard it is for you to put food on your family." George W. Bush
  • #3,068
  • Dec 30, 2007 5:20pm Dec 30, 2007 5:20pm
I am very interested in the RMI indicator as seen in a screenshot in post 3503. Please share if you have it.

Someone was so generous to share one with us and I did post it, however its not the same as the one I have seen in this thread.

Many thanks in advance.
  • #3,069
  • Dec 30, 2007 5:43pm Dec 30, 2007 5:43pm
aarangio, Noel, henyloc

I'm running MT4 on 10 minutes as explained in #3065 by FXpip. M5 runs in the background.

RMI is not essential. RSI works perfectly well, the 50 crosses on both are virtually identical, it's just that it usually produces a smoother chart.
It's also more flexible, you can set it from 14-1 (equivalent to RSI 14 ), to 14-x, 21-y whatever - your choice, experiment - I do. (too much)

RSI 21 was used originally and again gives similar crossovers but the RMI (and RSI) at 14 or 8 can show a bit earlier with clearer crosses.

The numbered circles on the chart are news events: see on this thread # 2579 & 2584 (widely ignored when I posted?). It's brilliant.
http://www.forexfactory.com/showthre...t=16364&page=7

The red/green arrows are a modification of < AX512EMACROSSwRSI.mq4 > with the RSI symbols removed and the alarm set(to loud!) on both the M5 and M10 charts. The reason being the MA crossover alarm generally sounds earlier (first) on the M5 chart.

The parallel white lines are a 'gauge' to check the slope (& price momentum?) of the ma lines.

Check out Strada's posts (~# 1434 on) for more information. He started the whole M10 thing and the simple limited-indicator approach on this thread and it's really his version of Bago I'm using.

BTW the results on Thur 27 for this method were 'perfect' including the early alams on the M5. This does not happen every day. Mind you Friday was good too!

Comments, improvements and (brief) questions always welcome.

rorieu
  • #3,070
  • Edited Dec 31, 2007 7:59am Dec 30, 2007 6:02pm | Edited Dec 31, 2007 7:59am
Quoting FxPip
I am very interested in the RMI indicator as seen in a screenshot in post 3503. Please share if you have it.

Someone was so generous to share one with us and I did post it, however its not the same as the one I have seen in this thread.

Many thanks in advance.
I'm not sure the one posted is correct either. Here's the one I use

ADDITION: I first read of RMI in post 1173.

rorieu
Attached File(s)
File Type: mq4 RMI 1202a.mq4   3 KB | 689 downloads
  • #3,071
  • Dec 30, 2007 9:40pm Dec 30, 2007 9:40pm
Anyone get in on the A/U I referenced earlier? Just curious.

Heny
  • #3,072
  • Dec 31, 2007 7:03am Dec 31, 2007 7:03am
HAPPY NEW YEAR everybody.


May 2008 be the year you find confidence & capital to trade full time.


Regards,


BabeFX.
  • #3,073
  • Dec 31, 2007 9:57am Dec 31, 2007 9:57am
Marco

Thanks for the reply.

This seems very similar to what I'm doing now.

I don't use them so, how exactly are you using the Stoch and MACD?
Have you stayed with 5 & 12 EMAs?

" have learned to take money off the table when it's available and not get greedy." ...the difficult bit.

A successful 2008 to you and everyone

rorieu
  • #3,074
  • Dec 31, 2007 10:25am Dec 31, 2007 10:25am
Quoting rorieu
Marco

Thanks for the reply.

This seems very similar to what I'm doing now.

I don't use them so, how exactly are you using the Stoch and MACD?
Have you stayed with 5 & 12 EMAs?

" have learned to take money off the table when it's available and not get greedy." ...the difficult bit.

A successful 2008 to you and everyone

rorieu
Rorieu..

Yes, I use the 5 and 12 emas.

I take the trade after the 5/12 cross only if the Stoch has crossed in the same direction and is not in the overbought and oversold areas, and the bar on the MACD Histogram indicates it has headed in the same direction.

Today, I just finished with 138 pip profit on the GBP/USD.

Best wishes for a great trading 2008!

Marco
"I know how hard it is for you to put food on your family." George W. Bush
  • #3,075
  • Jan 1, 2008 1:25pm Jan 1, 2008 1:25pm
Quoting MarcoW
Rorieu..



Today, I just finished with 138 pip profit on the GBP/USD.

Best wishes for a great trading 2008! You too.

Marco
Marco

Apologies for my persitant questions just one more -honest!

Your 138 pips on GU. Was this from the ~180 pip drop from 14:45 to 16:20 GMT?
Rounding the numbers, my conservative 3 lots worked out as (10+20+180)/3 = 70 pips
Similarly the earlier 70 pip rise at 09:30 was (10+20+70)/3 = 33 pips

How did you manage 138?


Thanks and please keeep posting, it's very encouraging


rorieu
Attached Image
  • #3,076
  • Jan 1, 2008 2:27pm Jan 1, 2008 2:27pm
Quoting rorieu
Marco

Apologies for my persitant questions just one more -honest!

Your 138 pips on GU. Was this from the ~180 pip drop from 14:45 to 16:20 GMT?
Rounding the numbers, my conservative 3 lots worked out as (10+20+180)/3 = 70 pips
Similarly the earlier 70 pip rise at 09:30 was (10+20+70)/3 = 33 pips

How did you manage 138?


Thanks and please keeep posting, it's very encouraging


rorieu
Rorieu..

No problem.. I entered at 15:00, if I remember correctly, @ 2.0029 and stayed in until it hit 1.9889 and then cashed out.

Marco
"I know how hard it is for you to put food on your family." George W. Bush
  • #3,077
  • Jan 5, 2008 8:23pm Jan 5, 2008 8:23pm
Hey Bagovino

Just wanted to say thank you for sharing your system with us all.

As a newbie regarding Forex, I need something as simple as this to build up my confidence to go live trading.

I will certainly try it to see if it is for me.

Thanks again

Ozzibob
  • #3,078
  • Jan 9, 2008 9:28am Jan 9, 2008 9:28am
Hi fellow Bago's.

I would love to have an e-mail sent when we have a bago cross (5/12 RSI 21)

I have the attached indicator, would it be possible for anyone to add an e-mail alert function? Or if anyone has another with e-mail alert?

Thank's a million,

PC

PS : I didn't make indicator my self, credit to some other FF guy
Attached File(s)
File Type: ex4 Bago_Indicator__Visual_and_Audible_Alert_.ex4   5 KB | 1,135 downloads
File Type: mq4 Bago_Indicator__Visual_and_Audible_Alert_.mq4   4 KB | 1,438 downloads
Less is more...
  • #3,079
  • Jan 12, 2008 8:41pm Jan 12, 2008 8:41pm
Can't believe I just found this great thread. And from my brief reading it seems to be going away. Hope not. Looks like a great system; hope to be able to contribute after reading the last 200+ messages!

Pellican
  • #3,080
  • Jan 22, 2008 3:27am Jan 22, 2008 3:27am
Quoting bagovino
Here is my template for the HAS indicator. Put it on the 5min time frame. I called it Naked Top Dog... Nevermind!



B.
Is there anyone having problems with HAS indicators along with MT4? My MT4 freezes over when I add the indicator (or Naked top dog template). I had to kill the terminal process to overcome the situation and remove indicators from /experts/indicators folder.

nchosen
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