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My exact thoughts, 250$ per 0.01 mini's (or 0.01c per pip) really is the way to go. And for added safety or periods of serious volatility go up to 300$ per 0.01 or 400$.
My exact thoughts, 250$ per 0.01 mini's (or 0.01c per pip) really is the way to go. And for added safety or periods of serious volatility go up to 300$ per 0.01 or 400$.
Great work, love what you're doing with the EA
Agree 100%. I really liked the original Blessing 2, but the latest
from Iron are much safer.
Regarding balance and lot size, I would recommend going with an even
larger account, say $2K-$5K, which will offer more "breathing room" for
those tough times like we just experienced.
Nice statement. The set files have you starting out at .04 lots? That
doesn't sound too conservative to me, unless I'm missing something.
Rob
Out of a 10K account, first order is 4 nanolots. It goes like this:
1 Standard Lot
1 Mini Lot
1 Micro Lot
1 Nano Lot
I hope this helps see that using this risk factor, it would be safe to trade 6K or above if you want to only trade the 4 pairs that I am trading. If you want to trade one pair, you can do so with $1600 minimum.
__________________
Don't Let The Love of Money Send you to Hell™
10 000$ account
0.01 Lots loaded into blessing Per 250$, agressively I figure once you're trading on a really large account like 100 000$ you'd really lower your risk and switch to 1000$ per 0.01 lots for safetys sake, which would mean 0.40 (40c per pip)
Then divide that across each pair. So if you're trading four different pairs you'd split that 0.40 across them at 0.10 per pair (0.10c per pip)
10 000$ account
0.01 Lots loaded into blessing Per 250$, agressively I figure once you're trading on a really large account like 100 000$ you'd really lower your risk and switch to 1000$ per 0.01 lots for safetys sake, which would mean 0.40 (40c per pip)
Then divide that across each pair. So if you're trading four different pairs you'd split that 0.40 across them at 0.10 per pair (0.10c per pip)
Thanks, George. It's nice to see Blessing 2 advocates, here, since it really
is a great EA. Right now, it's the only one I trust. Yes, $1000 per .01s
should be sufficient.
I've run probably 25 separate demos with the original Blessing and Blessing 2.
The one that really caught my eye was a $5K demo, running four pairs at
.1 lots. Definitely too aggressive for my style of trading, but that combo
banked money like there was no tomorrow. I've actually had two $5K
demos running two pairs at .01 lots survive the recent EA-killing, 1000-pip
moves, so there's hope. Best pair, for me, has been eurusd - YMMV.
Thanks, George. It's nice to see Blessing 2 advocates, here, since it really
is a great EA. Right now, it's the only one I trust. Yes, $1000 per .01s
should be sufficient.
I've run probably 25 separate demos with the original Blessing and Blessing 2.
The one that really caught my eye was a $5K demo, running four pairs at
.1 lots. Definitely too aggressive for my style of trading, but that combo
banked money like there was no tomorrow. I've actually had two $5K
demos running two pairs at .01 lots survive the recent EA-killing, 1000-pip
moves, so there's hope. Best pair, for me, has been eurusd - YMMV.
Rob
Rob,
I am with you. I love this EA too. Can you post your SET file for the EURUSD that survived? I guess what I want to do is test those that survived and leave the others in the dust.
In my opinion, you need $2000 per pair to really trade safely with this system, but that is just me because I have been burned so many times.
Sticking with the pairs that are rangy seems the best approach.
__________________
Don't Let The Love of Money Send you to Hell™
Linear Mode
