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Bagovino Method

  • #1,521
  • Feb 23, 2007 11:22am Feb 23, 2007 11:22am
Here is a template for the "Bagovino 30 Min. Trader".

Enjoy!


B.
Attached File(s)
File Type: tpl bagovino 30 min trader.tpl   3 KB | 2,143 downloads
"Skills pay the bill's!"
  • #1,522
  • Feb 23, 2007 11:29am Feb 23, 2007 11:29am
Quoting bagovino
Look at this easy 60 pipper this morning on the GBP... Too easy!


Mikhail.... You can enter with multiple lots. Close the first one when all the indicators converge / run out of steam. You can then move your stop loss to break even or +5 pips to lock in profit and let it run taking profits at will.


B
HI, Bagovino good to see you post again do you think this systerm would work well as Stop and reverse.

With Many thanks

David-T
  • #1,523
  • Feb 23, 2007 11:51am Feb 23, 2007 11:51am
Bagovino,

Thanks for the new system. If this surpasses the success of your original, man, we're in for a swinging year. You're most generous. I remember reading somewhere that you were originally from NY also. Mille grazie!

Rialto
  • #1,524
  • Feb 23, 2007 11:58am Feb 23, 2007 11:58am
Thank you for the updated system took a look at it,looks fantastic!!! I use forex.com as my broker and they do not have the cci indicator as one of theirs how do I get it? thanxs.
  • #1,525
  • Feb 23, 2007 12:06pm Feb 23, 2007 12:06pm
Quoting monikroc
Thank you for the updated system took a look at it,looks fantastic!!! I use forex.com as my broker and they do not have the cci indicator as one of theirs how do I get it? thanxs.
What CCI? maybe you mean RSI? Just download Metatrader and use them for analysis but trade from forex.com terminal.
  • #1,526
  • Feb 23, 2007 12:27pm Feb 23, 2007 12:27pm
First, The chart I posted was incorrect. It should be the 30 min chart. You'd get an earlier and clearer entry. Although it does work on the 1 hr as well.

David... I use this as a trigger to my analysis. I first look at trendlines, then fibs for support and resistance levels. I also check the "Sexy Back" system for the momentum. When I get a feel for where the market may be heading I use this for a trigger on the 30 min. chart.

Even without the analysis, you can just take these signals straight and do very well. Lets put it this way... Out of about 15 trades I only had 2 losers. One of which was my fault because I was bored and traded during the Asain session, which I NEVER do or recommend. The losses were very small. Once the signal reversed I got out.

Monikroc, Download MT4 and load my template.

Rialto, Yes, I'm originally from N.Y. Bay Ridge, Brooklyn. How about yourself?

OK GUYS... This system I gave you replaces the old Bago 1hr system. This one is much more accurate, easier to use, and has a much better winning trade ratio. I have been testing this for months now with amazing results.
I was considering selling this system online, but figured since I learned so much here on Forex Factory that this is my gift back to everyone.

Remember, lets post our trades and keep this thread going.

Thanks,

Bagovino


"Skills pay the bill's!"
  • #1,527
  • Feb 23, 2007 12:57pm Feb 23, 2007 12:57pm
Hi Bago,

I got a couple of questions I hope you dont mind. On your last example there was no MA cross but you took the trade anyway... So do you enter once all 4 indicators agree? so MA cross is not really necessary, as long as the MAs agree with all the other indicators?

Lastly I'm thinking of converting this into an EA but I need a definite exit strategy... Which of the 4 indicators do you think could dictate the best exit?

Thanks,
Mikhail
  • #1,528
  • Feb 23, 2007 1:17pm Feb 23, 2007 1:17pm
Appreciate the new ideas...thanks bag man..
  • #1,529
  • Feb 23, 2007 1:28pm Feb 23, 2007 1:28pm
Quoting Tenax
1. open RSI 8
2. drag MA and drop it on RSI window, in parametrs tab
set apply to: first indicator's data.
i did the same as your mentioned,but my 8EMA was still not appear in my RSI windows
  • #1,530
  • Edited 1:52pm Feb 23, 2007 1:30pm | Edited 1:52pm
Quoting mikhaildgreat
Hi Bago,

I got a couple of questions I hope you dont mind. On your last example there was no MA cross but you took the trade anyway... So do you enter once all 4 indicators agree? so MA cross is not really necessary, as long as the MAs agree with all the other indicators?

Lastly I'm thinking of converting this into an EA but I need a definite exit strategy... Which of the 4 indicators do you think could dictate the best exit?

Thanks,
Mikhail
switch your chart into 30M instead of 1H.you will see 4 indicators are agreed to entry.correct me if i am wrong.
  • #1,531
  • Feb 23, 2007 1:46pm Feb 23, 2007 1:46pm
Quoting Tenax
What CCI? maybe you mean RSI? Just download Metatrader and use them for analysis but trade from forex.com terminal.
Thanxs Tenax
  • #1,532
  • Feb 23, 2007 2:56pm Feb 23, 2007 2:56pm
Mikhail,

If you look to the left of that chart I posted, the one I labeled "60 pipper" was actually a continuation of the first signal which is at the left of the chart. I should have labeled that first. To answer your question yes, when ever all 4 agree you can enter the trade. I actually would have entered at the first signal (If I was awake) and exited when the markets quieted then re-entered when all 4 indicators agreed again.
As far as exits for an EA????? I dont know. I'm not a fan of EA's. I exit by feel and market analysis.

I enter heavy with say 5 lots. When there is a signal during volitile trading hours it is good for a minimum of 10 pips almost everytime. I'll exit 3 lots at 10 pips, maybe more if it's rocketing up... Seal a quick $300 profit. I trade to win and take my money off the table. Then move my SL up to break even or very close to it and let the other 2 lots ride.

Trade it on demo until you get a feel for it and some confidence in it. You will be very pleased... and richer!

Bagovino
"Skills pay the bill's!"
  • #1,533
  • Feb 23, 2007 3:11pm Feb 23, 2007 3:11pm
Quote
Here are 2 perfect examples of how to take a trade when all things line up.

"ONLY trade when all 3 indicators are in agreement with each other and there is a cross."

By the way. I revise the setting of my Stochastics. Make it 14,7,3.

What I have told you are secrets MANY traders use and keep to themselves. ENJOY!

PLEASE POST ALL FEEDBACK.

Thanks,

Bagovino.

Thanks a lot, bagovino!

Can anybody help me a little, just a couple words about enters and exits: we enter the trade when there is the cross with 50 level on Stochastic and RSI and 0 level with FX Snippers? We exit when indicators are oversold/overbought and they cross these over-levels back? Thanks for help!
  • #1,534
  • Feb 23, 2007 3:14pm Feb 23, 2007 3:14pm
For 1 hour trading I added the Vegas 1 Hr to help with exit points. This method provides nice early entry indications prior to a tunnel cross as well.

I adjusted the FX-Sniper's CCI indicator to 4,8,5,4. This helps get some of the jitters out of this indicator.
  • #1,535
  • Feb 23, 2007 3:16pm Feb 23, 2007 3:16pm
Quoting TiKin
Bago comes here last week bragging about marvelous new indicators for his system and we don't ear from him ??????? I guess our knees are not bleeding yet.......LOL
Tikin,

There's a difference between CONFIDENCE and BRAGGING.

Anyway, I hope what I exposed to you met your expectations...

I will be more active with this thread again. I was just deep in studying, developing, testing and trading to perfect this system and I think it's just about there! There is however one variable I have left out as I am still testing it. I am not sure if it needs to be added to the system or not yet. I will be testing it's validity the next couple of weeks. If it proves beneficial, I will add it to the thread.

Until then, PLEASE post screen shots of your trades. Good and bad. This way you all can learn and ask questions to master this system.

Bagovino
"Skills pay the bill's!"
  • #1,536
  • Feb 23, 2007 3:35pm Feb 23, 2007 3:35pm
Bagovino, you monitor market all day? If not, how you know is cross occured? Do you have a signal system?
  • #1,537
  • Feb 23, 2007 3:59pm Feb 23, 2007 3:59pm
Tenax,

I do not monitor all day. In fact I dont look at it most of the day. I only trade the first couple hours of the London session, and the first couple hours of the US session. Thats it. I peek at the charts at the end of the Asian session to analyze the currencies for the upcoming London open.

No need to trade any other time.

B.
"Skills pay the bill's!"
  • #1,538
  • Feb 23, 2007 4:47pm Feb 23, 2007 4:47pm
Quoting bagovino
Ok Guys,

Long time no talk.... Lets get stright to it because it's late (early) here and I'm ready for bed. We can trade this method on the 30 min as well... Whichever suits your style. As a matter of fact, it can be done on any time frame you can stomach!
New indicators..... It you add these, it will GREATLY increase your winners and keep you out of MANY losers@

1. Stochastics set to 8,3,3. Only trade it the direction they are in.

2. FX Snipers Ergodic CCI & Trigger. Again... Only trade in the direction it's
in.
3. Put an RSI set to 8 on your chart, and add an 8EMA in the same window on top of it... Amazing indicator. Again, trade in it's direction.

When all 3 of these indicators are going in the same direction and you have a 5/12 EMA cross, you will see the closest thing to the holy grail!!!

I hope this helps. Please post pictures of your trades when all 3 line up so we can all enjoy your winning trades!

Thanks,

Bagovino
First post in this thread claims 85% proven accuracy.Now, new indicators will"GREATLY increase your winners" So , what is the new % accuracy? Also, if you don't mind, how did you determine the new % accuracy?
  • #1,539
  • Feb 23, 2007 4:56pm Feb 23, 2007 4:56pm
Quoting bagovino
Tenax,

I do not monitor all day. In fact I dont look at it most of the day. I only trade the first couple hours of the London session, and the first couple hours of the US session. Thats it. I peek at the charts at the end of the Asian session to analyze the currencies for the upcoming London open.

No need to trade any other time.

B.
In the 6 months since starting this thread, what has happened to your account, has it grown, stayed about the same, or reduced in size. Your honesty will be greatly appreciated br everyone I'm sure.
  • #1,540
  • Feb 24, 2007 12:04am Feb 24, 2007 12:04am
hi Bogo,what is the setting for FX Sniper?
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