Hi community,
I read the Bagovino Thread the first time in September 2006. Normally I do not believe in MA-Crossing systems, so I cannot even say, what made me develop an EA based on it.
The backward tests were not bad, but who relies on these .
So I forward-tested. In the time between begin of October to begin of November the demo account of 5 TUSD was doubled. I was still skeptical so I deleted the account and forward-tested again, again with encouraging results (> +50% in about 2 weeks see please Detailed Statement).
So I decided to give you access to this EA (see attachment).
1. Why do you publish it only as .ex4? I need the sources!
I have spent literally hundreds of hours programming indicators and experts, sharing them with the community, only to have other people pick up my source code, remove my names and publish it with a few changes as their ea, in some cases even asking money for that.
In other cases people messed my codes up completely, but still published them as proper, new versions of indicators, what caused in return other people turn on me about the "garbage" I programmed.
So I had my share. I still like to contribute, but I want to control what happens with my projects. This EA is actually even timelimited until Febuary 2006. Until now people only come back to me with errors, problems or other things they are unhappy about. Now I would like to meet the people who are actually happy about what I make (if there are any :-/ )
2. Ah, you made the statement up!
No, send me a PM. I will give you the audit password for the account. It is still running (as long as Alpari lets me have it) and you can see that it is correct.
3. So how are the setups?
I use GBP/USD, USD/CHF, EUR/USD, USD/JPY H1
Other pairs and crosses should be as well possible.
4. How do I use the Parameters "ExtMaximumRisk" and "<st1lace w:st="on">Lot</st1lace>"?
If "ExtMaximumRisk" is 0, the value "<st1lace w:st="on">Lot</st1lace>" is used for your LotSize. If it is not 0 the following formula applies:
AccountBalance*ExtMaximumRisk/AccountLeverage/10
The algorithm checks nevertheless existing Min/Max Lotsize and applies these information accordingly. So even if you use a very conservative ExtMaximumRisk, but your MinLotsize is 1 (as for many demo accounts), the system will trade with 1 <st1lace w:st="on">Lot</st1lace>.
5. Wow, what garbage, you trade without Stoploss / Takeprofit.
Wow, no, it is just invisible and intelligent.
Ok here is the deal:
I have lost in real trading so many trades to "oddities" which involve the SL/TP, that I have become very skeptical. My best trades were crippled by sudden peaks which threw a position into the Stoploss (and only on my server!!!) or even in non-news-times TPs were ignored for up to 15 minutes and up to 10 pips over TP and still the trades had the occasion to go all the way down to be killed somewhere in the deficit (and the SLs were actually hit :-<).
/rant on
As to my "suspicion": In theory brokers do not gain or loose if we do so. But this theory assumes that the broker actually puts our trades onto the market and there was a counterpart.
Big suprise: In retail banking that does not happen. In best case they compound, that means they check from time to time how many trades are short and how many are long, and if there is a big discrepancy then they actually deal the difference. That is the real reasons why they don't like people who trade big lotsize and why people who win alot of money find themselves quickly on manual execution. Not to punish them, but to actually do the trades to avoid the risk.
So for the dirty rest of us, which has in theory a 50% successrate, it does not hurt to keep us from winning. Not because they are mean, no: Only because if we win, they actually need to give us something. Something they do not necessarily gained themselves somewhere.
I think their servers are "optimized"? An algorithm which has a certain "magnetism" for SLs and a certain avoidance of TPs will actually minimze eventual losses of a broker.
And I am not just paranoid. I gathered tick data between different brokers and compared them. It was a very interesting result.
/rant off
So I have had it and implemented in my EAs "invisible" SL/TP. This changed the success rate of my trade definitely to the better.
While experimenting I had the idea to make an intelligent set of SL/TP, that means stops which are not a fix value, but a factor which stands in relation to the actual range of pips (ATR). That means, during times of low volatility the Stops are much more sensitive and close, then during times of high volatility.
It seems to work.
6. Why didn't you give us much more parameters to optimize, fine-tune, improve the EA?
Because you will cheat yourselves with Over-Optimization. Face it; we all do it, when we have the opportunity. If this EA looses money for you, delete it and ignore me. If it wins, don't get greedy and try to earn more/faster.
7. Do you propose I can trade life with it?
Yessss, and how about driving car with a blindfold, if I would ask you?
Demo-test it until you are tired and during that time, form an opinion and decide for yourself.
I will not respond to any questions which have to do with topics like:
- What is the bagovino method
- How do I set this EA up
- What is metatrader
- Why does my backtest does not show the same results as your front-test
- Modellquality
- etc. etc.
There have been too many threads here and on other boards dealing with these questions. Google for them...
Sorry, if anything here sounds rude. I prefer straighforwardness. It is more effective.
------ edit 01.12.2006 -------------
ZIPs are now compatible
------ edit 01.12.2006 -------------
I forgot to mention the NFP feature: The EA calculates NFP days and will close positions before the NFP and will not trade during the hours of the NFP and directly following.
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I read the Bagovino Thread the first time in September 2006. Normally I do not believe in MA-Crossing systems, so I cannot even say, what made me develop an EA based on it.
The backward tests were not bad, but who relies on these .
So I forward-tested. In the time between begin of October to begin of November the demo account of 5 TUSD was doubled. I was still skeptical so I deleted the account and forward-tested again, again with encouraging results (> +50% in about 2 weeks see please Detailed Statement).
So I decided to give you access to this EA (see attachment).
1. Why do you publish it only as .ex4? I need the sources!
I have spent literally hundreds of hours programming indicators and experts, sharing them with the community, only to have other people pick up my source code, remove my names and publish it with a few changes as their ea, in some cases even asking money for that.
In other cases people messed my codes up completely, but still published them as proper, new versions of indicators, what caused in return other people turn on me about the "garbage" I programmed.
So I had my share. I still like to contribute, but I want to control what happens with my projects. This EA is actually even timelimited until Febuary 2006. Until now people only come back to me with errors, problems or other things they are unhappy about. Now I would like to meet the people who are actually happy about what I make (if there are any :-/ )
2. Ah, you made the statement up!
No, send me a PM. I will give you the audit password for the account. It is still running (as long as Alpari lets me have it) and you can see that it is correct.
3. So how are the setups?
I use GBP/USD, USD/CHF, EUR/USD, USD/JPY H1
Other pairs and crosses should be as well possible.
4. How do I use the Parameters "ExtMaximumRisk" and "<st1lace w:st="on">Lot</st1lace>"?
If "ExtMaximumRisk" is 0, the value "<st1lace w:st="on">Lot</st1lace>" is used for your LotSize. If it is not 0 the following formula applies:
AccountBalance*ExtMaximumRisk/AccountLeverage/10
The algorithm checks nevertheless existing Min/Max Lotsize and applies these information accordingly. So even if you use a very conservative ExtMaximumRisk, but your MinLotsize is 1 (as for many demo accounts), the system will trade with 1 <st1lace w:st="on">Lot</st1lace>.
5. Wow, what garbage, you trade without Stoploss / Takeprofit.
Wow, no, it is just invisible and intelligent.
Ok here is the deal:
I have lost in real trading so many trades to "oddities" which involve the SL/TP, that I have become very skeptical. My best trades were crippled by sudden peaks which threw a position into the Stoploss (and only on my server!!!) or even in non-news-times TPs were ignored for up to 15 minutes and up to 10 pips over TP and still the trades had the occasion to go all the way down to be killed somewhere in the deficit (and the SLs were actually hit :-<).
/rant on
As to my "suspicion": In theory brokers do not gain or loose if we do so. But this theory assumes that the broker actually puts our trades onto the market and there was a counterpart.
Big suprise: In retail banking that does not happen. In best case they compound, that means they check from time to time how many trades are short and how many are long, and if there is a big discrepancy then they actually deal the difference. That is the real reasons why they don't like people who trade big lotsize and why people who win alot of money find themselves quickly on manual execution. Not to punish them, but to actually do the trades to avoid the risk.
So for the dirty rest of us, which has in theory a 50% successrate, it does not hurt to keep us from winning. Not because they are mean, no: Only because if we win, they actually need to give us something. Something they do not necessarily gained themselves somewhere.
I think their servers are "optimized"? An algorithm which has a certain "magnetism" for SLs and a certain avoidance of TPs will actually minimze eventual losses of a broker.
And I am not just paranoid. I gathered tick data between different brokers and compared them. It was a very interesting result.
/rant off
So I have had it and implemented in my EAs "invisible" SL/TP. This changed the success rate of my trade definitely to the better.
While experimenting I had the idea to make an intelligent set of SL/TP, that means stops which are not a fix value, but a factor which stands in relation to the actual range of pips (ATR). That means, during times of low volatility the Stops are much more sensitive and close, then during times of high volatility.
It seems to work.
6. Why didn't you give us much more parameters to optimize, fine-tune, improve the EA?
Because you will cheat yourselves with Over-Optimization. Face it; we all do it, when we have the opportunity. If this EA looses money for you, delete it and ignore me. If it wins, don't get greedy and try to earn more/faster.
7. Do you propose I can trade life with it?
Yessss, and how about driving car with a blindfold, if I would ask you?
Demo-test it until you are tired and during that time, form an opinion and decide for yourself.
I will not respond to any questions which have to do with topics like:
- What is the bagovino method
- How do I set this EA up
- What is metatrader
- Why does my backtest does not show the same results as your front-test
- Modellquality
- etc. etc.
There have been too many threads here and on other boards dealing with these questions. Google for them...
Sorry, if anything here sounds rude. I prefer straighforwardness. It is more effective.
------ edit 01.12.2006 -------------
ZIPs are now compatible
------ edit 01.12.2006 -------------
I forgot to mention the NFP feature: The EA calculates NFP days and will close positions before the NFP and will not trade during the hours of the NFP and directly following.
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Attached File(s)
Detailed Statement.zip
10 KB
|
5,467 downloads
Bag-it v 1.1.zip
23 KB
|
6,036 downloads