could someone please post the thread # with the details for speed bag.
Thanks
Thanks
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Dislikedcould someone please post the thread # with the details for speed bag.
ThanksIgnored
DislikedHello are there any ea or automated trading opportunity for this trading systemIgnored
DislikedHi ya Everyone,
Could someone please answer these questions??
When all of the moving averages cross do you wait for the Candle stick bar to pull back to the the 5/12 EMA's before you buy in??..
In cases where it just shoots straight for the stars do you just leave it and wait for it to finally come back to the EMA's to wait for a another set up and bounce of the EMA's before you buy in??..
Any help please..
BIG thanx,
AdrianIgnored
Dislikedcould some please advise how to get a 8 SMA overlayed in the same window as the RSI(5)Ignored
DislikedHi aarangio
In response to your Q about timing your entry I think you would be at a disadvantage using bago like this. Given a signal the only time I would hesitate to enter is if price immediately reverses or if price is up against a strong S/R or round number. If price does reverse against the signal but then returns to level the signal price then as soon as it exceeds the signal price I would enter.
There are pros and cons with this. If the signal is the start of a decent move and you haven't entered you will kick yourself. If you entered and price goes against you and it is a losing trade then you kick bago. As we all know losing trades are par for the course in successful trading, we just have to accept them, don't dwell on them because you will almost certainly miss the next opportunity which might be the trade of the day. In the past if I missed a signal and tried to join the party late I'd be joining when everyone was leaving, a bit like taking ages to pluck up the courage to ask for that dance and then the music stops. So now I take the signals unless there is a very obvious reason not to. Even with the losses you will still be in profit.
Hope this helps, strada.Ignored
DislikedI think the problem with this thread is that it got bogged down by a group of individuals that insisted that this method could be traded successfully with an EA.Ignored
Disliked
This group, or should I say one individual was very reluctant to share his EA (even to people that admitted they didn't have the knowledge base to program or understand how EA work).Ignored
DislikedI decided to go back and start reading the thread again, back to page one, no skipping, and review every chart. I was amazed what I found that I missed the first time. The light bulb went off and I all of a sudden realized what I was doing wrong (or what I wasn't doing right).Ignored
DislikedStrada
Still posting after a year. Looks like you have been using Bagovino for a long time.
Can I ask some questions pls?
Is it your main method?
Yes. Have looked at various other things, OzFx, Dibbs, Hard1Head1 and whilst they all have their merits and I'm sure they are profitable but not sufficiently so to persuade me away from bago.
Are you still using a 10minute TF. That is a bit awkward with metatrader so willl it work on 5m and 15m too? Do you use Multiple TFs?
If you want use 10min go to page 120/post 1800 by driftwood. I use different tf's depending on time available. You mentioned the 5min, I use that a lot and it works well. I've been using it this morning on cable and it has performed well, one small loss and two profitable trades (one still running). Take a look at the chart, you'll pick them up no problem. If I only have limited time I sometimes use 1 or 2 min tf. The 1min I really like because it keeps you busy and keeps you on your toes, lots of trades (and yes lots of losses but overall profitable). The thing with the shorter TF's is you quickly recognise when you're in congestion and so you taker a break and eventually the breakout will be quite obvious and although you might get caught out by a false BO you can be pretty sure that the reverse breakout will be the real thing, you just have to make sure you're on it. With regard to multiple TF's I tend not to, I decide at the start of the day the TF I'm going to use and tend to stick to it besides using lower TF's I'm not interested in longer term TL's. The exception to that is if I miss a signal on one TF I might consider entry on the next higher TF.
What indicators do you use. Many have been suggested in the posts have you added others for confirmation?
5/12 EMA & RSI 21. I don't use anything else these have worked for me for too long now that I have no need to distrust them.
How about S/R lines pivots fibs or anything??
I regularly update my S/R lines on my charts (use the Hourly) and if price is approaching these (or round numbers) on a signal then I'm more cautious but they won't necessarily stop me from entering a trade. My attitude tends to be that the small loss from a bounce isn't as painful as sitting on my hands while price breaks through and soars away.
Your methods were very straightforward are they still the same?
Yes.
What are your favorite pairs how many pips are you making?
GU, EU, EJ, UJ in that order. If I'm using short TF i only trade one of them. I also trade the FTSE only on the 1 min and that has been good fun today (ie it's been profitable).
Sorry for so many questions so thanks.
Take a good look at it, give it a fair try-out, would strongly recommend looking at only one pair (max 2) to start with and don't look over the fence at what the other pairs are doing, especially if you've just had a losing trade because you will almost certainly find winning trades on other pairs then you will think you were on the wrong horse, disillusion sets in, game over. Bago works, but you need to see this for yourself, don't take my word for it. All the best, strada.
Nu2fxIgnored