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Bagovino Method

  • #1,661
  • Mar 6, 2007 12:20am Mar 6, 2007 12:20am
Hi baqovino,

I've been using your method lately and I'm very please so far. I would just like to ask you this:

In the picture below, the EMAs have not crossed and the other indicators show short. If the EMAs do not finally cross to give a short signal, would a change in the rest from short to long constitute a re-entry point?
Attached Image
  • #1,662
  • Mar 6, 2007 12:28am Mar 6, 2007 12:28am
Quoting bagovino
Anything new or did everyone jump ship to the latest and greatest Forex trading system last posted?
Still reading Big Bag.
Do not focus on making money; focus on protecting what you have.
  • #1,663
  • Mar 6, 2007 12:40am Mar 6, 2007 12:40am
Quoting bagovino
Anything new or did everyone jump ship to the latest and greatest Forex trading system last posted?


B.
Heck no, I love MAs. Even though there is a large crowd that don't think they work?
The market is my nation. Traders, my family. Hello, brothers and sisters!
  • #1,664
  • Mar 6, 2007 5:23am Mar 6, 2007 5:23am
Quoting bagovino
Anything new or did everyone jump ship to the latest and greatest Forex trading system last posted?


B.
I've been running the new Bago method alongside the old one (at M30) to compare - they correspond closely.
So far I don't see much difference between the old and new.
There's no doubt that the MA cross is an excellent trigger. The thing is, all the added indicators (new and old) just seem to say the same thing; they all line up with the MA cross whether the move turns out good or bad. Adding yet more indicators just gives other ways of saying the same thing?
Hardly surprising I suppose as the indicators are all derived from the same (6 or 7) pieces of data - different maths on the same numbers... there is only so much you can learn.
The same applies to Waddah Attar and ADX?

I suppose the point of this post is to ask about people's preferences and ask Bago to post more chart examples, good and bad, including the use of Fibs, Trendlines and whatever else helps please?

What are your current favourite indicators?

The chart attached: 1 turns out well 2 reverses, both have the same signals from the indicators - in fact 2 looks stronger! Thoughts?

R
Attached Image
  • #1,665
  • Mar 6, 2007 7:01am Mar 6, 2007 7:01am
Quoting rorieu
I've been running the new Bago method alongside the old one (at M30) to compare - they correspond closely.
So far I don't see much difference between the old and new.
There's no doubt that the MA cross is an excellent trigger. The thing is, all the added indicators (new and old) just seem to say the same thing; they all line up with the MA cross whether the move turns out good or bad. Adding yet more indicators just gives other ways of saying the same thing?
Hardly surprising I suppose as the indicators are all derived from the same (6 or 7) pieces of data - different maths on the same numbers... there is only so much you can learn.
The same applies to Waddah Attar and ADX?

I suppose the point of this post is to ask about people's preferences and ask Bago to post more chart examples, good and bad, including the use of Fibs, Trendlines and whatever else helps please?

What are your current favourite indicators?

The chart attached: 1 turns out well 2 reverses, both have the same signals from the indicators - in fact 2 looks stronger! Thoughts?

R
Hi Rorieu, I pretty much agree with you on the additional indicators and have gone back to the 5/12 cross and RSI only as they seem to work well and as you say the others all seemed to follow the same pattern as the RSI. In trying to keep things as simple as possible I decided to remove the others.

In your graph your 2nd signal was at the end of the 13.00 bar (ie 13.30) which was on a fairly major $ affecting news release. Do you trade these signals, would be interested to know how you tackle them. At present I normally stay out at such times but it means missing some great moves sometimes.
  • #1,666
  • Mar 6, 2007 3:49pm Mar 6, 2007 3:49pm
Quoting Why Oh Why
Still reading Big Bag.
Why Oh Why

Just visited your website and will continue to watch your Bag-It EA in action - awesome -

Bago - we are still reading.....really enjoying and learning from the thread.

Have been demoing your system for some time and Pouria Method of late.

Decided I will be trading your system on live account by next month - just working out the best MM for my trading then will be finally ready.

Angie
  • #1,667
  • Mar 7, 2007 3:35am Mar 7, 2007 3:35am
You guys have opened my eyes... I agree that indicators are redundant! That is why I offer the method up for discussion...

So how can we make this more simple and accurate? Any and all replies are welcome!

Bago
"Skills pay the bill's!"
  • #1,668
  • Mar 7, 2007 6:04am Mar 7, 2007 6:04am
Quoting bagovino
You guys have opened my eyes... I agree that indicators are redundant! That is why I offer the method up for discussion...

So how can we make this more simple and accurate? Any and all replies are welcome!

Bago
Hi Bago, your original method with the 5/12 cross and RSI 21 cross @ 50 works really well and thoughout your thread from the start there were many many people on here who traded your method and praised it, obviously they were making pips, that'a what counts. Mega compliments to you.

It ain't broke so no need to fix it.

The entry signals are quite clear, I've noticed various people using different timeframes and it still seems to work with these differing TF's. Perhaps we should look at this aspect to see if there is an optimum TF for the method.

Exit strategy, although not so much to do with your method, is also very important and again there are many variations on this. I know from some of your previous posts you like using FIBS so perhaps you'd like to expand on that for us and obviously it would be interesting to hear others views on this too.

You asked the Q - 'So how can we make this more simple and accurate?'. Your method is as simple as it gets, as for accuracy it's been very good for me (and that's on 10 min TF) but let's take a look at the main aspects of the method, ie MA's; RSI's; timeframes. Anyone using non-Bago-standard on any of these let's hear about it and how you're going with it.

strada.
  • #1,669
  • Mar 7, 2007 4:02pm Mar 7, 2007 4:02pm
strada

Your question: At news times I stay clear until after the announcement. I didn't see any big news on 28/2 at 13:00 (GMT)?

I agree that 'old' Bago - 5/12 cross + RSI cross looks as good as any and at also on other timeframes. Right now I'm trying 5/12 with RSI 8 + MA(8) (as per new Bago) at M15.

I'll try and post results.

R
  • #1,670
  • Mar 9, 2007 12:22pm Mar 9, 2007 12:22pm
So lets take a vote... Which of modifications are most having success with?

Thanks,

B.
"Skills pay the bill's!"
  • #1,671
  • Mar 9, 2007 2:22pm Mar 9, 2007 2:22pm
i find it ironic that the first post of this thread begins claiming that 'this is the most succesful forex system'. Then it moves to 'it needs to be improved...'
  • #1,672
  • Edited 9:47pm Mar 10, 2007 4:06am | Edited 9:47pm
Hi ya Bagovino,

I have been following your system for the last week with great success with a demo account, brilliant system!!....

I just had a quick, maybe stupid question .... I've been using your indicators and I thought I'd download the MT4 as you mentioned in your past posts and I downloaded your template but I don't know how to add the FX Sniper onto the chart or save properly....sorry...I've worked it out finally..

Keep up the great work Bagovino!!

Thank you,
Adrian
  • #1,673
  • Mar 11, 2007 5:46am Mar 11, 2007 5:46am
Quoting angiegiles00
Why Oh Why. Just visited your website and will continue to watch your Bag-It EA in action - awesome.Angie
Great to see you, streaming sorted and Bag TV has now been broadcasting non stop without a hitch for 200 hours. Say hi soon.
Do not focus on making money; focus on protecting what you have.
  • #1,674
  • Mar 11, 2007 8:55am Mar 11, 2007 8:55am
Quoting hilmy83
i find it ironic that the first post of this thread begins claiming that 'this is the most succesful forex system'. Then it moves to 'it needs to be improved...'
Obviously you have missed the point of why FF exists. The idea is to collaborate in a positive manner to refine systems and optimize systems. Every system, even successful ones can be improved or need to be put through a grinder to see if they can be improved. At the very least, collaborating with hundreds of people can certainly help define a system.

Maybe this is the most successful forex system out there and maybe it can be improved, or maybe this is as good as it gets. However you look at it, putting a system up here at FF is one sure way to find out.
  • #1,675
  • Mar 11, 2007 1:13pm Mar 11, 2007 1:13pm
Quoting bagovino
By the way...


You obviously didnt read the thread because you enter not only at the cross but af certain fib levels where your trade is most likely to move. You also take profits at fib levels, NOT when the signal crosses the other way. I guess reading comprehension was not one of your strong suits.....

Best of luck!

Bago
Up to this point, I have seen no rules or guidance about entering on certain fib levels. There has been no instruction about how to do this. Only info on taking profit at fib levels. Would you mind sharing your guidance for using fib levels for entry?
  • #1,676
  • Mar 11, 2007 6:03pm Mar 11, 2007 6:03pm
hi all,first post.

i've read this thread from page one and I didn't find an answer to my question:
is the RSI smoothed or unsmoothed ? i'm asking because i work with saxobank and it gives me the option. the unmoothed one moves a bit faster and might be giving wrong signals.

great system bago
The quality of your life is brought about by the quality of your thinking.
  • #1,677
  • Mar 11, 2007 6:13pm Mar 11, 2007 6:13pm
Spud... Some people dont get the idea of F.F. Can't hammer it into their heads I guess!

Ftraderx, You may need to brush up on Fibonacci somewhere else and come back when you understand how to use fib levels. I'm not trying to sound like an ass, but this isn't Fib class. I Rhymed!!!

Hornet, Thats a good question. I dont know what it is... Whatever the default is on MT4 is what I use.

B.
"Skills pay the bill's!"
  • #1,678
  • Mar 11, 2007 6:15pm Mar 11, 2007 6:15pm
So nobody has shared how they are trading the system. I'd like to hear how those having success are using it.

Thanks,

B.
"Skills pay the bill's!"
  • #1,679
  • Mar 12, 2007 1:43am Mar 12, 2007 1:43am
Alright, I've been a lurker long enough.

This is a great thread and an excellent trading method for me. Thanks Bago.

I have been trading using the original bago method (1 hour tf, 5/12 cross, rsi21) for some time now and have been closely watching the 30 minute chart revised method for the last few weeks.

I guess I like the first method simply because I have more experience with it. Its not uncommon to grab 20-50 pips at a time.

So everyone keeps asking about exits. For exits it really depends where you enter and where the price action is at.

If I enter close to a pivot point I just let it ride and keep moving my stop up. I've kicked myself a few times because it would retreat and just hit my stop and then turn around to go in the right direction for another 30-40 pips but more often than not I get pretty close to the run for the day if I just keep adjusting my stop. (btw I adjust it up 15 every 15 points it goes up.)

If I enter pretty far away from the pivot then I'll just take the first 15 and be happy.

Actually I really like this entry exit plan. Its easy to follow and seems to keep making pips.

Thanks Bago!
  • #1,680
  • Mar 12, 2007 6:46am Mar 12, 2007 6:46am
The easiest exit is to enter multiple positions and book profits as price action slows down... ie. 5/12 EMA's come close together. Then you let the last position ride until the 21 RSI crosses the 50 line against your position!

Bagovino
"Skills pay the bill's!"
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