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

Bag-it 1.3:

http://www.migawka.eu/bagit_13/statement.htm

Bag-it 1.4:

http://www.migawka.eu/bagit_14/statement.htm


Bag-it 1.4b with SL 47

http://www.migawka.eu/bagit_14b_sl47/statement.htm

Updated every 1H, All pairs

Hi,

Here are my statement since I started to test Bag-it.
I run it on 4 majors and I choose to let it completely free even if sometimes I have the temptation to close order manually when I think market is about to reverse.
So, I had orders up by 60-70 pips closed by the EA in the red. Sometimes I believe it closes on SMA cross, sometimes on RSI cross and sometimes ... I don't know.
Maybe exit could be optimized with the use of indicators such as Std Deviation. I love this indicator because I think it's really good in detecting the trend is dying. Exit could be when Std Deviation is declining and reach a certain value (to be set by testing)
Of course sometimes we would miss some pips when trend has a second breath but most of the time we would pocket more pips before the trend reversal and I guess never in the red after being far in the green !!!!

I don't have much time to backtest but I really think it's worth it to implement that in Bag-it to forward testing.

Thanks

Thierry

As I had quite different results on demo account and on my real account with Bag-it, I noticed that I have significant difference on the RSI value.
Right now, RSI value on demo account is 35,7228 and on real account 53,0913 for UsdJpy, 27,6966 on demo and 31,9202 for UsdChf ....

Of course both are 14 period on close and Ask&Bid are EXACTLY the same.

I ask the reason to Interbk but they said they aren't responsible for indicators they didn't write and have no explanation.
So if someone have one ....

Thanks

Thierry

Statement for Bag-it v1.4b. I am running 10 pairs on IBFX demo. Using default settings except maxRisk is set at 1.0. I let Miss Bag run the show. I did not intervene with the EA.

does this EA take encounter the new values of the bag system? he added some other requirements. I think it would help greatly if it would conform to that.

I'm still on Miss Bag with real $ but I had to remove my signature live statement link because it got polluted with advertising. More here. If anybody can assist I'd appreciate it.

Bag TV got mucked up because my static IP went missing - ISP issues will be resolved shortly.

So, in the meantime, Miss Bag currently has 2 trades open USDJPY and EURUSD. Both short and Miss Bag exited 1 EURUSD long today for 25 pips. Open trades +29 and -8 respectively. USDJPY from Friday.

Have a great week everyone.

A couple of trades opened by Miss Bag here.

Mr. Fukinagashi

First of all thanks for this EA .

Please see detailed report for latest version of EA Bag 14b .
I started test with default setting and change SL setting for 60 for major pairs and 70pips for jpy crosses .

1)my question is if I change EA setting for MA1 from 5 to 13 and MA2 from 12 to 62 and keep RSI default 14 EA will open order accordingly?

2)Also could you please let me know whats logic to close trades for this EA ?

3) let me know if you have same result as my atach file .

Once again thanks for this EA .

katiya

does this EA have the new rules of the Bag system? if not, can you incorp. them in?

http://wildmonkey.org/fxdd/statementsummary1.jpg
http://wildmonkey.org/fxdd/statementclosed1.jpg

Here my result for latest version gor bag 14b default , with sl setiing .
I started this test from 20/feb, so only 10days around 600pips , very good result so far .

New short GBPUSD. Bag TV live now.

Now in to profit for 20 pips.

I'll let the GBPUSD roll - back to +2 pips open there. Both short.

Thank you Fukinagashi for this EA. Thanks all for posting these encouraging statements. I will join those who are testing this EA.

$230 real profit since the February 1st. IMO very respectable for tiny lots. Bag TV should now be working all the time. Good luck everyone next week.

I ran Bag-it v1.4b on all 10 pairs with IBFX demo. Using default settings except MaxRisk is set to 1.0. No intervention was done with EA.

I'm real money only on 3 pairs martypatty. Good for you yours is a demo! What are the pairs that have been profitable for you please?

I did close the last 2 trades to help her but I wish I hadn't now or there'd be an extra 100 pips open on the table. From memory that's the 3rd manual exit for me. I only exit at 30 pips plus if there are good reasons to do so but I never exit on a loss.

Here is my statement for Bag-it since Feb 09th. Not bad !
Fuki could you explain how you close orders. Most of the time it's in accordance with Bagovino method as orders are closed on RSI cross of 50 but sometimes not. Is it an error in the EA or is it normal ?

Thanks a lot

Thierry

$2723 - a nice profit for the lot size. It looks like you're on the same as me plus USDCHF. Looking at it simply and taking in to account martypatty's poor results on 10 those crosses look like the 3 or 4 to stick with.