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Originally Posted by davidke20
Its a cost averaging EA. When connection is down, no new order will be place; no blow up will happen.
Cost averaging EA can never place stop loss, just like the way it is. It uses the optimist behaviour as I can never loss forever on 1 side trading. So as this new fifthelement belssing. And it has 2 side of cost averaging, forever buying and forever selling in the system. When cost averaged, it will close off everything.
Main concern of drawdown should be the grid size(interval between double down positions). When market is violant, we should have higher interval between the previous and current positions.
Regards
David
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Thank you for your comment david , glad to see you here :-)
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When connection is back, new order with bigger lot size will be fireaway to cope up with the market again
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in blessing if you lose connection , you will lose some levels , which sometimes is not bad
it doesn't open bigger lots because of losing some levels.
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When market is in tight range, the EA should know when to close off the profitable trade, so it wont lose too much swap during ranging markets.
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I would suggest to use swap free accounts for blessing and similar EAs.