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

  • #201
  • Feb 8, 2007 8:16am Feb 8, 2007 8:16am
tell me please, what time this EA will expire?
  • #202
  • Feb 8, 2007 8:54am Feb 8, 2007 8:54am
New long EURUSD just opened.
Do not focus on making money; focus on protecting what you have.
  • #203
  • Feb 8, 2007 8:55am Feb 8, 2007 8:55am
Why Oh Why

can you please explain me how Sl and TP works ?
  • #204
  • Feb 8, 2007 9:08am Feb 8, 2007 9:08am
If that's a general question you need to be here. If it's specific to this EA say that and the author will reply in due course.
Do not focus on making money; focus on protecting what you have.
  • #205
  • Feb 8, 2007 9:37am Feb 8, 2007 9:37am
The EA is braver than me! I wouldn't fancy going long at the moment! Best I can hope for is a break even on this trade IMO. EURUSD is too range bound for the next few weeks. Currently at break even. It needs to move 24 pips north to get 12 - I've amended the TS to 12 just until this trade closes.

Will that work Mr F?
Do not focus on making money; focus on protecting what you have.
  • #206
  • Feb 8, 2007 9:47am Feb 8, 2007 9:47am
Looking good for a quick profit.
Do not focus on making money; focus on protecting what you have.
  • #207
  • Feb 8, 2007 10:08am Feb 8, 2007 10:08am
WHAT DOES IT STAND FOR? WHAT IS IT? THANXS.
  • #208
  • Feb 8, 2007 10:20am Feb 8, 2007 10:20am
Quoting Why Oh Why
Looking good for a quick profit.
WHAT IS AN "EA" THANXS
  • #209
  • Feb 8, 2007 10:47am Feb 8, 2007 10:47am
Quoting noname666
tell me please, what time this EA will expire?
?
  • #210
  • Feb 8, 2007 10:51am Feb 8, 2007 10:51am
Quoting fukinagashi
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.
So this was a volatile time - UK interest rate. Any idea how far the TS would have gone back to? The TS was set to 27. Does that setting matter. Please, what impact does it have?
Do not focus on making money; focus on protecting what you have.
  • #211
  • Feb 8, 2007 11:22am Feb 8, 2007 11:22am
The current open EURUSD trade status can be seen here together with closed profit on GBPUSD today and all Bag trades to date. Thanks Miss Bag and Daddy Mr. F.
Do not focus on making money; focus on protecting what you have.
  • #212
  • Feb 8, 2007 11:31am Feb 8, 2007 11:31am
EUR/USD lost me $36 today
Settings;
Debug=0
ExtMaximumRisk=0.00000000
Lot=0.10000000
GMTDiff=2
MaxSignal=1
MAPeriod1=5
MAPeriod2=12
RSIPeriod=14
Timeout=3540
TakeProfitFactor=1.00000000
StopLossFactor=6.00000000
trailingStop=10

What do these do?
TakeProfitFactor=1.00000000
StopLossFactor=6.00000000
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #213
  • Feb 8, 2007 12:21pm Feb 8, 2007 12:21pm
RSI 60 currently. Cross divergence remains. 3036 high for last month. Currently 3030 for 8 pips. I'm assuming TS12 has moved to break even. Not sure. I may exit manually soon if it goes much in to loss.

Any pips are a bonus IMO on this one when near the high of such a tight range.
Do not focus on making money; focus on protecting what you have.
  • #214
  • Feb 8, 2007 3:55pm Feb 8, 2007 3:55pm
Quoting katiya
Why Oh Why
can you please explain me how Sl and TP works ?
Quoting matrixebiz
What do these do?
TakeProfitFactor=1.00000000
StopLossFactor=6.00000000
See post #1 Par. 5
  • #215
  • Feb 8, 2007 4:01pm Feb 8, 2007 4:01pm
A 12 pip range for the last 6 hours on EURUSD. Currently 18 pips open profit at 3040. Mr F, "...during times of low volatility the Stops are much more sensitive and close."

Please can you give me a best guess TS at this point. I've set it to 12. Sorry about all the questions today, I'm just trying to get a better understanding after my earlier confusion.
Do not focus on making money; focus on protecting what you have.
  • #216
  • Feb 8, 2007 4:03pm Feb 8, 2007 4:03pm
Quoting matrixebiz
Settings;
...
trailingStop=10
I personally find a trailingstop of 10 very short, independent which system you will use. I know it feels good when the SL is at BE, but I assure you you will blank out toooooo many good trades this way.

And then only the bad trades will make all you performance.
  • #217
  • Feb 8, 2007 4:12pm Feb 8, 2007 4:12pm
Quoting Why Oh Why
The EA is braver than me! I wouldn't fancy going long at the moment! Best I can hope for is a break even on this trade IMO. EURUSD is too range bound for the next few weeks. Currently at break even. It needs to move 24 pips north to get 12 - I've amended the TS to 12 just until this trade closes.

Will that work Mr F?
I know the trade fits the method but the reasons are above. But I'm letting it run and I want Miss Bag to exit just on this trade ASAP.

But will it exit or vary the TS as it did earlier? Any ideas?

Miss Bag opened short nine hours ago at 9686 and low on the hour was 9575 +111 pips. TS 27 for GBPUSD - should Miss Bag have moved the TS to 9605? 3 x 27. 30 pips away from the low? Enough for the TS of 27 to move in. Or am I missing a variable here? It retraced to a profit of 79 pips but didn't close. I then closed it manually at 9597 for a profit of 89 pips.

What would the TS have been at? Any ideas please?
Do not focus on making money; focus on protecting what you have.
  • #218
  • Feb 8, 2007 4:17pm Feb 8, 2007 4:17pm
Quoting Why Oh Why
So this was a volatile time - UK interest rate. Any idea how far the TS would have gone back to? The TS was set to 27. Does that setting matter. Please, what impact does it have?
Relevant to query above.
Do not focus on making money; focus on protecting what you have.
  • #219
  • Feb 8, 2007 4:28pm Feb 8, 2007 4:28pm
Quoting Why Oh Why
A 12 pip range for the last 6 hours on EURUSD. Currently 18 pips open profit at 3040. Mr F, "...during times of low volatility the Stops are much more sensitive and close."

Please can you give me a best guess TS at this point. I've set it to 12. Sorry about all the questions today, I'm just trying to get a better understanding after my earlier confusion.
Hehe you are my favorite customer ... so don't worry. Even if you scare me with your real money trades .

TS of 12 is very low.Mind you the TS is the good old standard TS in pips.

This is completly illogic, until you make your own experience trading. At the beginning you think TS is the best thing ever until you see how many good trades get destroyed during their retracements,

Best guess in my personal experience is to leave TS at 0. Sorry.

The SL/TP is a different Story. ATM we have an ATR(14) H1 of 0.0014. If you use the default, you have a SLFactor of 6. That means at this very moment the SL is 84 pips away from the price at which the order was entered. During later night the ATR goes further down to 8 and even 5, so you'll end up to with a very tight SL of 48/30 pips. During the day, the SL increases again. Through a mad dash day, it might get 100/150 pips wide. It sounds scary and yes it CAN get bad, but my testing and my experience showed me, that this is the best possible SL.
  • #220
  • Feb 8, 2007 4:33pm Feb 8, 2007 4:33pm
Quoting fukinagashi
See post #1 Par. 5
And now see post #219
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