Bago EA - MetaTrader 5 Expert | MT5 EA Download - MetaTrader 5 Resources

Idea comes from: screenwriter

Code mq5: Barabashkakon

The EA uses the indicators iMA (Moving Average, MA) and iRSI (Relative Strength Index, RSI).

Original description:

The Bago system can be classified as a trend following system based on the crossover of EMA 5 and EMA 12. If used correctly on the hourly chart, it can capture daily 100+ pip swings.

Using a small number of emas allows the Bago system to generate early signals after 10-20 minute scale waves, but can also generate large numbers of false signals that can quickly drain a trader's account. So the filter is extremely important for the Bago system.

Although the Bago system is largely an arbitrary system, the integration of two excellent filters may make it possible to use a computer program to generate signals with extremely high success rates. This program was written to investigate this possibility.

The mechanism that generates the original Bago signal is simple: EMA 5 crosses EMA 12 in the same direction as RSI 21 crosses the 50 level. In order to abstract the real signal, we need to pay attention to the context: where the price is, and when the crossover occurs.

The greatest significance of integrating the Vegas tunnel into the Bago system is that the tunnel and its Fibonacci lines transform the original flat two-dimensional space into a twisted two-dimensional space. The distorted price trend now has coordinates. With this coordinate system, we can see the entrances and exits more accurately.

Therefore, the program will first build simple rules based on which raw signals are generated, and then add rules to filter these signals. These new rules are quantized as parameters so they can be easily changed and optimized based on the output.

Without further ado, let’s get to the point.

The image below shows the values ​​of all indicators on bars #2 and #1 for opening a buy position:

Figure 1. Indicator value on bar No. 2

Figure 2. Indicator values ​​on bar #1

The following are the test results of EURUSD H1:

First, I tested BUY and SELL separately and then jointly.

Figure 3. Sell only test

Figure 4. Sell only test

Figure 5. Testing with "Buy" and "Sell" enabled

Attachment download

📎 bago_ea.mq5 (91.32 KB)

Source: MQL5 #22870