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

  • #481
  • Mar 22, 2007 12:36pm Mar 22, 2007 12:36pm
Are there any explanation what those different settings mean? The ema's I understand. But stop loss factor, profit factor?

Especially on EUR/JPY and GBP/JPY there was a opposite cross, and it should reverse position and it si still pushing it towards the stop loss, even conditions for trade reversal were present. Isn't this indicator stricktly for majors only?
"All good things come to those who wait..."
  • #482
  • Edited 5:10pm Mar 22, 2007 4:57pm | Edited 5:10pm
Quoting lostfx
Are there any optimal settings for this EA that should be entered? THX.
Apart from lot size. I set that to 0.1. Anyone got closed profit this week?
Do not focus on making money; focus on protecting what you have.
  • #483
  • Mar 22, 2007 5:15pm Mar 22, 2007 5:15pm
Quoting Why Oh Why
Personally, I'm getting ready for a big drawdown because I cannot remember having a losing week. It will turn against Miss Bag soon but for the moment I'm enjoying the profits. Overall, IMO, this could turn out to be the first profitable EA long term with sufficient profits possible to cover the hits.
C'est la vie. But my opinion remains unchanged. And I'm still well in profit even with such a grim week.
Do not focus on making money; focus on protecting what you have.
  • #484
  • Mar 23, 2007 8:26am Mar 23, 2007 8:26am
Can you paste here your EA settings?

THX
"All good things come to those who wait..."
  • #485
  • Mar 25, 2007 4:34pm Mar 25, 2007 4:34pm
Just saw this thread today and I am interested to start testing this EA from monday onwards.

Only one setting I still have doubt about is takeprofitfactor.

At this post:

http://www.forexfactory.com/showpost...&postcount=219

Fukinagashi explain about the stoploss features and settings but nothing about the takeprofitfactor variable.

Should I leave to default=0 ?

Anyone been playing with this variable?

Thank you in advance

Sada


PS: Fukinagashi glad to be part of one of your projects again. Remember the Starter EA thread? hehe the little engine that could have.....
  • #486
  • Mar 26, 2007 9:12am Mar 26, 2007 9:12am
Hi, Fukinagashi

First, sorry for my english, it isn’t very good.
Lately I backtest your EA in GBP/USD – H1 - 2006 year (with Money Management ). Result was very good, but there ara some loss trade and some painful drawdown.

I analyze some loss trade, and see it, if additional indicator/filter/s (for example H4 Stochastic Oscillator or H4 RSI) would be used, then some loss trades maybe are filtered.

Can you analyze it too ? I attache multitimeframe stochastic and RSI for use.

THX,

Viatoris
Attached File(s)
File Type: mq4 #MTF_RSI.mq4   4 KB | 394 downloads
File Type: mq4 #MTF_Stochastic.mq4   4 KB | 359 downloads
File Type: mq4 #MTF_MovingAverage.mq4   4 KB | 330 downloads
  • #487
  • Mar 29, 2007 8:12am Mar 29, 2007 8:12am
I don't know what I setup wrong. I'm using IBFX and so far Bagovino method produces constant losses.

If any body could share his settings, I would really appreciate that.
"All good things come to those who wait..."
  • #488
  • Mar 29, 2007 11:04am Mar 29, 2007 11:04am
This thread has been a little quiet lately so I thought I'd report my forward testing from 3-12-07 to 3-29-07 (today). I am using v1.4c with default settings on demo at FXDD only on one pair - GBP/JPY. 13 trades - 7 winning for +1217 pips and 6 losing for -312 pips for a total of +905 PIPS.
Thanks Fukinagashi for this great EA.
  • #489
  • Mar 29, 2007 11:26am Mar 29, 2007 11:26am
Very nice results. Thanks for sharing.
  • #490
  • Mar 29, 2007 1:35pm Mar 29, 2007 1:35pm
Quoting sovard
This thread has been a little quiet lately so I thought I'd report my forward testing from 3-12-07 to 3-29-07 (today). I am using v1.4c with default settings on demo at FXDD only on one pair - GBP/JPY. 13 trades - 7 winning for +1217 pips and 6 losing for -312 pips for a total of +905 PIPS.
Thanks Fukinagashi for this great EA.
Miss Bag is a bit lonely on her own at the moment but is still knocking in profitable trades for me while I'm travelling elsewhere in Europe. The signature statement is still being updated every 5 minutes automatically but Bag TV is offline until I return in a few weeks. Real money on 3 pairs only. Have a great weekend everyone - mine starts now.
Do not focus on making money; focus on protecting what you have.
  • #491
  • Mar 30, 2007 1:50pm Mar 30, 2007 1:50pm
I'm using the v14c with deafult settings. The only thing I changed is the GMT shift to 0, since it is on IBFX and risk percentage to 0.03. Everything else is at the default values. It is run on 4 majors and so far only losses. The graphs are set for 1H.
"All good things come to those who wait..."
  • #492
  • Mar 30, 2007 1:59pm Mar 30, 2007 1:59pm
Stick with it. It ain't been good for me recently either but overall the profit is still there. Bag TV back online now - take a look next week and compare entries and exits.
Do not focus on making money; focus on protecting what you have.
  • #493
  • Edited 3:43pm Mar 30, 2007 3:37pm | Edited 3:43pm
I think the wheels fell off this EA's wagon recently. The attached PDF shows how one of my demos lost more than 50% in two weeks. It would have been more with margin calls. Up until then the account had slowly gained. I did not do near this bad on my live baby accounts. Proper money management and a limited pair selection helps. But I still lost money. I hope we can return to profits next week.

Edit: I was going to say we all lost the last 10 days but after reading post #488 I deleted that comment. Congratulations Sovard.
Attached File(s)
File Type: pdf Bago 0318-0330.pdf   103 KB | 673 downloads
  • #494
  • Mar 30, 2007 11:21pm Mar 30, 2007 11:21pm
Quoting nvwine
I think the wheels fell off this EA's wagon recently. Up until then the account had slowly gained. I did not do near this bad on my live baby accounts. Proper money management and a limited pair selection helps. But I still lost money. I hope we can return to profits next week.
But not nearly as bad as Robin Hood. And some have paid for it! Miss Bag will get sorted soon.
Do not focus on making money; focus on protecting what you have.
  • #495
  • Mar 31, 2007 7:17am Mar 31, 2007 7:17am
Quoting Why Oh Why
But not nearly as bad as Robin Hood. And some have paid for it! Miss Bag will get sorted soon.
Wow, the only person who made money out of this EA was Glenn Bacon the EA system seller! This EA, which was sold for just under $1000, was promoted on the back of no losses during the MQL CHampionship that happen in the last quarter of 2006. These results have thus been proved to have been pure luck.

I don't know about the actual strategy, but I do know that the money management is pure folly: you are risking 130-140 Pips just to make 6 pips. The risk/reward ratio is needs to be improved.

I hope Glenn can work on improvements that will truely indeed benefit the buyers of this EA.
Attached File(s)
File Type: zip FXDDML2007R.zip   4 KB | 583 downloads
  • #496
  • Apr 1, 2007 11:35am Apr 1, 2007 11:35am
Quoting treberk
I hope Glenn can work on improvements that will truly indeed benefit the buyers of this EA.
He seems like a genuine guy so I'm sure he will.

Bag TV online now ready for the week and a fresh site. Miss Bag approves.
Do not focus on making money; focus on protecting what you have.
  • #497
  • Apr 1, 2007 11:49am Apr 1, 2007 11:49am
Quoting Why Oh Why
Bag TV online now ready for the week and a fresh site. Miss Bag approves.
Nice to see somebody from Whitefield, UK drop by.
Do not focus on making money; focus on protecting what you have.
  • #498
  • Apr 3, 2007 4:51am Apr 3, 2007 4:51am
Quoting Why Oh Why
Bag TV online now ready for the week and a fresh site. Miss Bag approves.
It's back and now better than ever. Access through my signature below. Drop by and say hi.
Do not focus on making money; focus on protecting what you have.
  • #499
  • Edited 2:43pm Apr 3, 2007 2:39pm | Edited 2:43pm
Shame Miss Bag didn't keep the USDJPY long open from yesterday but I can see why she exited.
Do not focus on making money; focus on protecting what you have.
  • #500
  • Apr 8, 2007 1:05am Apr 8, 2007 1:05am
Been running for about 2 weeks.

Tough week for bag-it. loosing the profit made a week ago.

Sada
Attached Image
Attached File(s)
File Type: zip Statement Bagit1.4c - 6 april.htm.zip   4 KB | 344 downloads
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