Actually, my concern is the same no matter what type of variation or where you take profits. Even if were to take your money out after you make 5%, you would still run into problems.

Example:

You start with $10k. You have withdrawn 5% 10 times in a row, so now have $5k in profits. Now the EA blows out and you lose 90% of the account or $9k, so you now have $6k. In order to gain an edge, you need to be able to get at least a 5% increase in equity more than 20 times in a row before blowing the account out. I think it's very unlikley in the long run.

I am using IBFX mini account. Which means that .01 lots is 1 cent, Or $0.01. To trade at this level you would need at least $500.

Now here's the trick to the major money management of this.. at $600 the compounding will increase to 0.02 or $0.02. My Plan is to remove 50% of all equtiy that is gained in the account every two weeks.

So if I made let's say $100 in two weeks, I would remove $50 from the account and just put in a Savings account. This way after a couple of weeks you will have the money you initially invested in this strategy and you will no longer need to be too worried about a margin call becuase you're trading with money you have taken from the market.

note: this is an extremely conservative money management strategy to an extremely aggressive trading strategy. The hedging is great and really pads the account, but the martingaleing like many have said before me will destroy your account. It's not an IF it's a when..

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Metatrader 4 - EA Live and Demo Hosting Solutions http://www.omegasupreme.com

Here is my version of blessing EA. ENJOY !

removed due ask of author of thread

Oops, this is the wrong forum for this post. I think you wanted the other thread that was started specifically for the Blessing EA.

so what is this post for ?????

The V1andV2 EA only.

ok , no problem , I deleted mine I personally dont like editing other programmers EAs , every programmer has his own way of coding.
I always prefer to code from scratch , good luck

I cannot get either the V1 and V2 or the V1 and V2 mini to take any trades on backtest. What could be the problem?

Kevin

I have the same problem.

I can get trades on strategybuilder but not on fxdd or alpari. I can't find the problem. Any ideas?