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BunnyGirl Cross system

  • #21
  • May 23, 2006 1:07pm May 23, 2006 1:07pm
Quoting diallist
A pleasure to meet you then! That is a very well researched and written document. Thanks for the effort you put into it.

Dial
Thanks. I appreciate that.
  • #22
  • Jun 2, 2006 6:44am Jun 2, 2006 6:44am
I have split off the McGrew MACD stuff into it's own thread, because it was diluting this thread...

here it is http://www.forexfactory.com/forexfor...ead.php?t=5642
  • #23
  • Jun 2, 2006 10:40am Jun 2, 2006 10:40am
Quoting smjones
I have split off the McGrew MACD stuff into it's own thread, because it was diluting this thread...
Thank you smjones coz it was losing the focus...
Iīve just started to study the BGX system, havenīt traded yet but I have good fellings.
So I think we could keep with the discussion about BGX as it was started by great dane and rongshihong.
Hope other people join to the discussion.

Gracias
  • #24
  • Jun 3, 2006 7:21am Jun 3, 2006 7:21am
I'm not sure if ForexFactory will be adding the new BGX document or not, and I'm getting a lot of PM's on it. So, here's a temporary link for the document: http://mysite.verizon.net/stockwet/BGX.pdf.
  • #25
  • Jun 3, 2006 8:03am Jun 3, 2006 8:03am
Hi Stockwet,

Thanks you for sharing your document... It is great when people share the fruits of their labor and I can see you have put alot into this... So here is a big thumbs up ... Scott


Quoting stockwet
I'm not sure if ForexFactory will be adding the new BGX document or not, and I'm getting a lot of PM's on it. So, here's a temporary link for the document: http://mysite.verizon.net/stockwet/BGX.pdf.
  • #26
  • Jun 3, 2006 8:15am Jun 3, 2006 8:15am
Quoting smjones
Hi Stockwet,

Thanks you for sharing your document... It is great when people share the fruits of their labor and I can see you have put alot into this... So here is a big thumbs up ... Scott

Thanks. I actually learned a ton of stuff while I was doing it, so, I gained a lot from it. I'm glad when people find it useful.
  • #27
  • Jun 3, 2006 10:13am Jun 3, 2006 10:13am
I found it usefull too I am going to share it with my trading team (forexfantasy) and everybody else who will listen.
Nolite dormiens pungere ursum. -- Latan Proverb.
  • #28
  • Jun 3, 2006 2:29pm Jun 3, 2006 2:29pm
Quoting stockwet
If anyone is interested, I do have an updated version of the BGX document. I never posted this one (I'm the original author) for various reasons. I wouldn't mind posting it here, but, it's a bigger file and I don't think I have permissions to post it (I think it's about 2 MB).
Thank you very much for sending me the updated version.It is an excellent work.
Thumbs up.
  • #29
  • Jun 4, 2006 3:05am Jun 4, 2006 3:05am
Thanks Stockwet for the effort you have put into the BGX pdf's. I have the original one, which was fantastic and detailed, and I have downloaded your updated version and expect it to be even better.

Just to let everyone know, I have been looking at the BGX system for a couple of weeks now, and I have done a few trades on my demo account with it, all were succesful.

So, I look forward to reading the updated version of your pdf, and forward testing the system to see what happens.

Katie
  • #30
  • Jun 13, 2006 1:05pm Jun 13, 2006 1:05pm
Hello Everyone!

I've been using BGX in a demo account like for a week ago. Haven't traded so much cause I use to miss the European session. Anyway results till now have been mixed.

I want to ask you guys any advice or something in this trade I took today.

Cross @ 1.2580 downwards 10:30 EST.
This candle hit entry price but i didn't enter cos it was in the last 5 mins of the candle. The price had left behind wma 100 and daily open and i had bull sentiment for dollar. So I waited till next one and enter the trade 11:03 @ 1.2560, S/L 1.2580, TP 1.2535.
The price didnīt go down and my S/L was hit 12:14.
After that price went down and reached the levels where my TP was.

The question is, I did something wrong? or was it just a normal reaction of the market!

I aprecciate any answer to this guys!!!
  • #31
  • Edited 2:04pm Jun 13, 2006 1:59pm | Edited 2:04pm
you just caught a bad break ... I often keep my SL at 30pips if the trade don't go my way. You have to find another system to trade if you wake up in the morning and the cross had already happened overnight. But if you just stick with it and trade it during the US open everyday... you'll do fine over time.
  • #32
  • Jun 14, 2006 7:02am Jun 14, 2006 7:02am
Quoting Melinni
Hello Everyone!

I've been using BGX in a demo account like for a week ago. Haven't traded so much cause I use to miss the European session. Anyway results till now have been mixed.

I want to ask you guys any advice or something in this trade I took today.

Cross @ 1.2580 downwards 10:30 EST.
This candle hit entry price but i didn't enter cos it was in the last 5 mins of the candle. The price had left behind wma 100 and daily open and i had bull sentiment for dollar. So I waited till next one and enter the trade 11:03 @ 1.2560, S/L 1.2580, TP 1.2535.
The price didnīt go down and my S/L was hit 12:14.
After that price went down and reached the levels where my TP was.

The question is, I did something wrong? or was it just a normal reaction of the market!

I aprecciate any answer to this guys!!!

The only problem I see with your trade is your SL.
Though we have a rule to set the initial SL at the crossing point, we sometimes have to take some market condition into consideration.

There will be times when the market will go back to test the 100wma before going further to the direction you expected and this was what happened in this trade. So usually if I notice that the initial SL point is close to the 100wma, I would prefer to set the SL beyond the 100wma(in this case 1.2590-1.2595) to avoid possible wicks.

Happy Trading.
  • #33
  • Jun 21, 2006 4:22pm Jun 21, 2006 4:22pm
Hi guys,

First of all, Stockwet, thanks a lot for the great pdf's, they were really helpfull to me!!!

I'm using BGX for about a month now at a demo account. I've won 3 out of 4 trades.
Now, Ive got two questions:

1) How many trades do you win using bgx (... out of ...)
2) What is your risk/reward ratio?

Thanks a lot for your answers, I just ask this because I'm developping a money management system for BGX and I need a bit more results than my own.
  • #34
  • Jun 21, 2006 10:37pm Jun 21, 2006 10:37pm
Quoting Sidus
Hi guys,

First of all, Stockwet, thanks a lot for the great pdf's, they were really helpfull to me!!!

I'm using BGX for about a month now at a demo account. I've won 3 out of 4 trades.
Now, Ive got two questions:

1) How many trades do you win using bgx (... out of ...)
2) What is your risk/reward ratio?

Thanks a lot for your answers, I just ask this because I'm developping a money management system for BGX and I need a bit more results than my own.
You're welcome.

1. I don't know the answer to this. I don't trade the BGX system live. Backtesting is nearly impossible, too, because of the 5 minute rule. It would skew results of even manual backtesting.
2. I typically keep my max loss around 2-3%. You'd need to do a hearty test of the BGX system to know what kind of risk/reward ratio you're looking at.

On a related note, the newest document of mine (the one with the bunny on the top) includes a section on money management. BunnyGirl takes a very different approach to money management than others. It's kind of an interesting approach, so, you may want to read up on it. The hardest part is figuring out where you want to start, from a risk/reward level. From there, you don't use those ratios any longer.

Regards,

stockwet
  • #35
  • Jun 21, 2006 11:02pm Jun 21, 2006 11:02pm
Quoting Sidus
Hi guys,

First of all, Stockwet, thanks a lot for the great pdf's, they were really helpfull to me!!!

I'm using BGX for about a month now at a demo account. I've won 3 out of 4 trades.
Now, Ive got two questions:

1) How many trades do you win using bgx (... out of ...)
2) What is your risk/reward ratio?

Thanks a lot for your answers, I just ask this because I'm developping a money management system for BGX and I need a bit more results than my own.
You will be disappointed with my response... After initial excitement, I had a strike of (demo) losses, and just couldn't get a single good trade out of this system anymore. So I basically gave it up and went back to looking for something more compatible with my personality. I guess BGX just isn't my type of setup.

To answer your question I had 3-4 good trades in the beginning (about every other trade was successful) and then there was 20 or so loosing ones. After that I stopped trying. Did I give up to early? Perhaps, but trading this method just didn't feel good to me.

Still, in my opinion Stockwet's files are really helpful, thank you!

If you can get 3 out of 4 trades right, that's great! Add some good money management plan and you are all set.

Dane
  • #36
  • Jun 22, 2006 5:23am Jun 22, 2006 5:23am
Quoting great*dane
You will be disappointed with my response... After initial excitement, I had a strike of (demo) losses, and just couldn't get a single good trade out of this system anymore. So I basically gave it up and went back to looking for something more compatible with my personality. I guess BGX just isn't my type of setup.

To answer your question I had 3-4 good trades in the beginning (about every other trade was successful) and then there was 20 or so loosing ones. After that I stopped trying. Did I give up to early? Perhaps, but trading this method just didn't feel good to me.

Still, in my opinion Stockwet's files are really helpful, thank you!

If you can get 3 out of 4 trades right, that's great! Add some good money management plan and you are all set.

Dane

The market has been really bad to such methods as the VWB and BGX in the past week. In my opinion, it has been a very short term trader's market. It is extraordinary how in two to three days one is able to lose the money he or she worked so hard to earn in the past month.

Also, such methods work for some pairs better, or in a more predicable way, than other pairs. 20 losing streaks is a little bit excessive ... bad luck. What do you trade?
  • #37
  • Jun 22, 2006 6:47am Jun 22, 2006 6:47am
Quoting dunningduke
The market has been really bad to such methods as the VWB and BGX in the past week. In my opinion, it has been a very short term trader's market. It is extraordinary how in two to three days one is able to lose the money he or she worked so hard to earn in the past month.

Also, such methods work for some pairs better, or in a more predicable way, than other pairs. 20 losing streaks is a little bit excessive ... bad luck. What do you trade?
I think that BGX is a good method, It just depends on your choice for the timeframe. I use 30min and no filter. But I only entry when the cross is very strong. I win 3out of 4 trades.
I use a 15pips trailing stop. I also use BGX for scalping with the 5min graph, but then I try to predict the crosses and then I close my trade with a 5pip gain or a breakeven.
So this is very effective for me
  • #38
  • Last Post: Jul 4, 2006 11:33pm Jul 4, 2006 11:33pm
Hello everyone. As a newbie to the FF as well as the FX market, I'm feeling a bit overwhelmed by all the information I've been taking in. There is so much information here and I'm learning so much as I read and review all the information. I would like to say that I am excited to be in the company of so many experienced traders and look forward to continuing my education and growth as a trader. I've read time and time again about the importance of developing a system, testing it, believing in it, and executing it. It certainly helps to keep emotions in check when you have a system you can believe in. I think I've found a home for a while with the BGX system and look forward to interacting with the members of this Forum as I study it.

Best Regards,
Hemico
Hemico If you're not having any fun, you're doing it all wrong!
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