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

  • #501
  • Edited Apr 10, 2007 6:43am Apr 9, 2007 10:15pm | Edited Apr 10, 2007 6:43am
Hello,
Just wanted to say thanks to Mr F for this marvelous EA....and to all else who've been testing & making suggestions for improvements. I've been following this thread and running the EA on & off, for some time now-live and with real $$. I don't have any hard & fast numbers to show you today...but thats not what this post is for. Just a post to share a story. I've been trading forex with reasonable success(trading on the same initial investment) for the past 3+ years. From time to time I've taken some pretty good losses (I know... it comes with the territory) and at times have honestly gotten a little disillusioned with the whole Forex thing. This last cpl of weeks have been one of those times. Anyway, to cut a long story short...I loaded v1.4b..it ran a string 5 winners in a row. Oh happy day! The timing couldn't have been better. It was just what I needed.... Thanks again, all.

Dion
  • #502
  • Apr 10, 2007 5:10am Apr 10, 2007 5:10am
Quoting Gforcejunke
Just wanted to say thanks to Mr F for this marvelous EA....and to all else who've been testing. I loaded v1.4b..it ran a string 5 winners in a row. Oh happy day! The timing couldn't have been better. It was just what I needed.... Thanks again, all.
And Dion. A bit better than me lately. But I'm still live with Miss Bag. Real money.
Do not focus on making money; focus on protecting what you have.
  • #503
  • Apr 10, 2007 5:43am Apr 10, 2007 5:43am
When using an EA try to analys the behaviour . Such as how many max . Conc. loss / profit.

I do this to my EA, for example my EA have :

opp. win/loss 3 : 1,
max. conc. win loss 8 :4

so when my EA start the first day loss, I stop, the running, and run it only in the back test for the next day.
Until I find 4 times loss or my Balance chart have a good up trend, then I start my EA again.

Wow, my english is good today
  • #504
  • Apr 10, 2007 6:11am Apr 10, 2007 6:11am
well...that migh work in theory, please tell us if it really works

Quoting Musanto
When using an EA try to analys the behaviour . Such as how many max . Conc. loss / profit.

I do this to my EA, for example my EA have :

opp. win/loss 3 : 1,
max. conc. win loss 8 :4

so when my EA start the first day loss, I stop, the running, and run it only in the back test for the next day.
Until I find 4 times loss or my Balance chart have a good up trend, then I start my EA again.

Wow, my english is good today
  • #505
  • Apr 10, 2007 6:36am Apr 10, 2007 6:36am
Quoting tradeigel
well...that migh work in theory, please tell us if it really works
Yup, only theory for you.

I can't prove on your EA, or Miss.Bag,
I don't know the behaviour of this EA

But let me explain how I work, ( hope this is usefull to you)
I make an indicator ( I name this indi. a Balancer). This indicator is simulating my trading in every minutes run , so I don't need to run back test all the time. (Look at the chart) By this way you can analys your balance chart and make a good timing when to run EA or not. Or you can try to optimizing your EA even better

This you see, it's not just theory, I use it right now
Attached Image
  • #506
  • Apr 10, 2007 9:58pm Apr 10, 2007 9:58pm
Hi everyone,

1.4c has just opened 2 trades sell EUR/USD 1.3415 and sell AUD/USD 0.8237 the cross was valid but RSI is still above 50 in both pairs...any idea why? anybody else got these trades?
thanks
  • #507
  • Apr 11, 2007 12:11am Apr 11, 2007 12:11am
Quoting toti1972
1.4c has just opened 2 trades sell EUR/USD 1.3415 and sell AUD/USD 0.8237 the cross was valid but RSI is still above 50 in both pairs...any idea why? anybody else got these trades?
thanks
Is the RSI 14? I've dropped EURUSD as it has rarely been a winner over the last 2 months. But I've never had 2 trades open same cross. You sure she did both? AndAUDUSD I have no knowledge of. Sorry, over my night for the first time in weeks, Windows decided to do a reboot. Looking at the broadcast logs Miss Bag was out of play from 01.00 to around 04.00 GMT. The USDJPY remains open at 05.11 GMT - the time of this post.
Do not focus on making money; focus on protecting what you have.
  • #508
  • Apr 11, 2007 12:47pm Apr 11, 2007 12:47pm
Quoting Why Oh Why
The USDJPY remains open at 05.11 GMT - the time of this post.
And edging up slowly.
Do not focus on making money; focus on protecting what you have.
  • #509
  • Apr 11, 2007 2:26pm Apr 11, 2007 2:26pm
Quoting Why Oh Why
And edging up slowly.
But a nice trade to go to bed on as I'm bullish with a pivot of 119.10 and if we can break through 119.52 it'll open the way to 119.94 and beyond. And all this within 8 hours please forex Gods. Currently at 119.30.
Do not focus on making money; focus on protecting what you have.
  • #510
  • Apr 11, 2007 6:17pm Apr 11, 2007 6:17pm
Quoting Why Oh Why
Is the RSI 14? I've dropped EURUSD as it has rarely been a winner over the last 2 months. But I've never had 2 trades open same cross. You sure she did both? AndAUDUSD I have no knowledge of. Sorry, over my night for the first time in weeks, Windows decided to do a reboot. Looking at the broadcast logs Miss Bag was out of play from 01.00 to around 04.00 GMT. The USDJPY remains open at 05.11 GMT - the time of this post.
No, maybe I forgot to place a "comma" after I write "2 trades, one EUR/USD and one AUD/USD...

about RSI...should be 14? i thought it was 21...

thanks
  • #511
  • Apr 11, 2007 7:24pm Apr 11, 2007 7:24pm
Quoting toti1972
about RSI...should be 14? i thought it was 21...
thanks
You may have overlooked a few posts when you read the thread. Take a second look at post #25 which was a reply to a post by Bago who asked a similar question.
  • #512
  • Apr 12, 2007 12:14am Apr 12, 2007 12:14am
Quoting Why Oh Why
But a nice trade to go to bed on as I'm bullish with a pivot of 119.10 and if we can break through 119.52 it'll open the way to 119.94 and beyond. And all this within 8 hours please forex Gods. Currently at 119.30.
And exited for 5 pips 4 hours ago on the dip. Now 119.44. Shame. She wouldn't have if the trade was fresher. C'est la vie. Now GU short. Have a piptastic day everyone.
Do not focus on making money; focus on protecting what you have.
  • #513
  • Apr 12, 2007 1:00pm Apr 12, 2007 1:00pm
Hi,

Here are my result since February on Demo account and REAL account.
I let demo run alone but it happens I close trades manually on my real account if technical analysis tells me it's going to reverse.
It's a real good Ea but able to take all profit back in a few hours if not manually controlled.

Hope this help

Thierry
Attached File(s)
File Type: zip Bag-it_12avril07Demo.zip   13 KB | 789 downloads
File Type: zip Bag-it12AvrilRealStatement.zip   12 KB | 830 downloads
  • #514
  • Apr 12, 2007 2:04pm Apr 12, 2007 2:04pm
Quoting thierrybl
Here are my result since February on Demo account and REAL account. I let demo run alone but it happens I close trades manually on my real account if technical analysis tells me it's going to reverse.It's a real good Ea but able to take all profit back in a few hours if not manually controlled.
Thanks. 241.87 on a mix of 0.1 and 0.5 (real money) and 3667.29 on a mini would suggest, on 4 pairs, if the trades are the same it would be better to leave Miss Bag alone? Your thoughts thierrybl please. I haven't crunched the numbers but if you'd traded at the same mix on the demo it would still be more profitable to not exit manually by my first take on the numbers. Am I wrong?
Do not focus on making money; focus on protecting what you have.
  • #515
  • Apr 13, 2007 6:44am Apr 13, 2007 6:44am
Anyone using them? I've looked in the thread but I can't seem to find the GMTDiff for Alpari. I know it's different to FXDD which is 2 and I seem to remember for Alpari it was 1. But that's relying on memory which is not what it was. Assistance anyone please?

On another note there was a margin call caused by a short GBPUSD from yesterday and Miss Bag tried to go short on USDJPY several hours ago but insufficient funds due to the open loss. Interestingly, she would have exited by now at a loss on GBPUSD and the profitable short USDJPY would still be open.
Do not focus on making money; focus on protecting what you have.
  • #516
  • Apr 13, 2007 1:26pm Apr 13, 2007 1:26pm
Quoting Why Oh Why
Thanks. 241.87 on a mix of 0.1 and 0.5 (real money) and 3667.29 on a mini would suggest, on 4 pairs, if the trades are the same it would be better to leave Miss Bag alone? Your thoughts thierrybl please. I haven't crunched the numbers but if you'd traded at the same mix on the demo it would still be more profitable to not exit manually by my first take on the numbers. Am I wrong?
hi,

My feeling when I see accounts fluctuate is that results are better when manually controled.
However, Lots should be brought to the same proportion to be compared (i.e. every 0.5 lots profit/loss on real account has to be divided by 5). I don't know if will have time to do that this week-end.
Results on real account is biaised as I only close order manually when profit is high but never when in loss, letting SL do it's job, even if it's obvious we are on the wrong side. I think SL controlled with ATR is good but 6 is maybe too much.
I think a filter should be added ; I don't know exactly which one but waiting for bar to close could help.
I can't open more platforms (not enough memory) and if some of you could test some other settings, I beleive StoplossFactor at 4 and TS at 50 may be interesting.

Hope this help

Thierry
  • #517
  • Apr 13, 2007 5:28pm Apr 13, 2007 5:28pm
Quoting thierrybl
I don't know if will have time to do that this week-end.
It'll be interesting when or if you have the time.
Do not focus on making money; focus on protecting what you have.
  • #518
  • Apr 16, 2007 9:48pm Apr 16, 2007 9:48pm
What page is the latest version on for testing? What settings, currencies and timeframe?
Thanks
24 hours in a day – 24 bottles of beer in a case – Coincidence? I think not
  • #519
  • Apr 17, 2007 12:22am Apr 17, 2007 12:22am
Miss Bag is busy.
Do not focus on making money; focus on protecting what you have.
  • #520
  • Apr 17, 2007 5:45am Apr 17, 2007 5:45am
Hello,

I am very sorry that I am so rarely present here. I am very busy job & familywise.

Since I do not want to slow down the development of this method I have decided to publish the source code. The expiry is already removed, so everyone can use it right away and unlimited.

Please feel free to modify the code, publish it etc. Please nevertheless respect that this is supposed to be free software. Thank you in advance.
Attached File(s)
File Type: mq4 Bag-itv15 free version.mq4   9 KB | 1,918 downloads
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