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If you are having a problem with Money Management, the set files I have attached have a low risk level set. It is set at 3 or 3.2 on some set files. This will only take out a lot of .02 or greater. If your account dips below about 5000K, Blessing will try to take .01 lots or less. It does not like this!
If you are running a micro account, say $500, you will need to change the risk to 30 or 32 to get the lots up to .1 or so. EAs have a tough time taking out lots less than .01!
Only you know what your account type is. If your account is micro and you are using $500 or so, your pip is work a penny and .02 lots is two cents and so on. Remember, your risk regarding your margin remains the same as your margin out relative to your balance is the same as a larger acount balance.
Finally, setting MM to 0 will allow manual lots, just like the original!! I am running money management on a $50K demo. Blessing gets me around $900/day alone....num said..
v/r
__________________
Jeff J Talon Associates Investment Management
As promised, I have updated Blessing. Attached is the new Blessing. As I am not the developer, I have left his trademark on it but I have updated the version number. Here is a cut and paste from inside the MQ4 describing the changes:
// Added Equity Protection
// Fixed Micro lot trading down to .01 lot
// Added Auto Grid Adjustment
// Added Auto Grid Fine Tune Adjustment
// Added and Fixed Money Management
// Added Hard Account Protection
// Added Broker Decimal identification
// Removed LotInc Function - too dangerous
// Added Trade Comment Feature for monitoring in MT4 Platform
// Fixed Math Error on Micro lots of .01
// Added Menu Selection Identification for Parameter setting and Backtesting
// Default Parameters from Initial Blessing Internalized (except lot)
// Default Equity Protection set to on and 50%. Blessing needs large P/L to work.
// Change Default BELevel to 12. Blessing rarely gets past this without huge P/L problems.
I've attached a set file used with this new version. Those who couldn't get microlots down to .01 with MM turned on will now be pleased. You still have the same control from the original Blessing. You have several protection features added.
I have found USDJPY to be the best/safest pair to run Blessing on. Backtesting requires a lot of time and effort so anyone wants to continue the process on other pairs they are using, feel free to let us all know!
v/r
__________________
Jeff J Talon Associates Investment Management
Adding the additional features is much appreciated. Blessing2 was
already a very good EA, but now it is evolving into a great EA,
thanks to your efforts.
could someone explain the paramters better on new ea,it would be appreciated thanx in advance
If you look in the .mq4 file with MetaEditor, Jeff has done a great job of documenting every thing inside the EA. I think you will understand after you see the comments in the EA.
If you look in the .mq4 file with MetaEditor, Jeff has done a great job of documenting every thing inside the EA. I think you will understand after you see the comments in the EA.
new ea
will do
Linear Mode
