Quote:
|
Originally Posted by timbobo
This Blessing System does not work. And it never will. Look for EA I had done for this system.
More than 8 times by 20 pips in one direction without retrace? Easily! Use EA and you'll find it. Starting with 0.1 lot to keep going you'll need to open upto 204.8 lots!!!
But there is an enemy even worse than a long trend. You forget about spread - spread will kill you. In your paper-testing you always count +20 and -20 but in real life it will be something like +18 and -22 or +17 and -23 or +13 and -27. When you open order with big lot your spread will be big too, it will be bigger than all your profits from many orders.
|
Timbobo, IMHO your EA is not replaying the exact strategy here. I try it on strategy tester and each time a TP is hit the EA closes both open and short position. This is not the case of Blessing system because if you start and the market go down 20 pips you only will close the short side, keep the long open and open a new long of x2 lot size. This makes you save in spread.
In my excel file i am representing real situations with real spred of 3 pips. I know that 2 days of testing is useless but i will forward test from now on and post the updated excel once in a while.
Daniel.