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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
Another reccomendation i have is to take the BElevel down from 12, which is a level you'd be screwed to get to and will've wanted to break even long before, to something around 5-7 Just give it a backtest or two to see how it affects the results
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.
I run the EA at defaults without MM, either .01 or .02 lots on $3K-$5K
IBFX mini demo.
I'm glad to see folks are enjoying this EA. I'm personally taking it live on 2 pairs this week. On demos it has done nothing but make money. When it didn't, I changed it completely to concentrate on account protection vs. quicker and more aggressive trading.
I hope the advanced features are working for all. I see a lot of starting accounts floating around so I won't offer my opinion on that matter again. My advanced features paper discusses it in long (and sometimes boring) detail.
Believe it or not, I have found what would potentially be an order closing error. It was reported to me by a member that on at least one occasion; Blessing only closed 4 out of 7 open trades. He wasn't too concerned but I was. When Blessing kicks in it's close logic, every trade needs to close for a profit!
The closing error is not caused by Blessing itself. It's caused by the broker not closing at the requested price. In other words, this member's broker "requoted" his close request. This fix is very simple. I worked all weekend fixing a similar error in Piplite. Piplite also received an even safer trading feature you should check out but this forum is not for discussing Piplite. Go here to see the new feature...
If you have set files, please attached them to the forum so other may benefit from your backtesting. For those who don't have the latest and the greatest, click these:
I encourage all who use Blessing to try Money Management. There is no risk to set! Unless you are using a higher base lot value (not recommended), money management tweaks your profit in ways that you can't through automation. Money Management features really work best and fast at higher account values ($5000 or greater per pair). It's conservative yet it takes advantage of your profits better than you can! I'll be posting a new version of Blessing with this fix within a week.
Happy Trading!
v/r
__________________
Jeff J Talon Associates Investment Management
Many thanks for all the work you have done on this ea and the other ea you mentioned.
Regards,
Jeff
Quote:
Originally Posted by lron
All,
I'm glad to see folks are enjoying this EA. I'm personally taking it live on 2 pairs this week. On demos it has done nothing but make money. When it didn't, I changed it completely to concentrate on account protection vs. quicker and more aggressive trading.
I hope the advanced features are working for all. I see a lot of starting accounts floating around so I won't offer my opinion on that matter again. My advanced features paper discusses it in long (and sometimes boring) detail.
Believe it or not, I have found what would potentially be an order closing error. It was reported to me by a member that on at least one occasion; Blessing only closed 4 out of 7 open trades. He wasn't too concerned but I was. When Blessing kicks in it's close logic, every trade needs to close for a profit!
The closing error is not caused by Blessing itself. It's caused by the broker not closing at the requested price. In other words, this member's broker "requoted" his close request. This fix is very simple. I worked all weekend fixing a similar error in Piplite. Piplite also received an even safer trading feature you should check out but this forum is not for discussing Piplite. Go here to see the new feature...
If you have set files, please attached them to the forum so other may benefit from your backtesting. For those who don't have the latest and the greatest, click these:
I encourage all who use Blessing to try Money Management. There is no risk to set! Unless you are using a higher base lot value (not recommended), money management tweaks your profit in ways that you can't through automation. Money Management features really work best and fast at higher account values ($5000 or greater per pair). It's conservative yet it takes advantage of your profits better than you can! I'll be posting a new version of Blessing with this fix within a week.
It'd have to be an RSI on a higher time frame, jamming this EA wouldn't necessarily change it's results so much seeing as it only calls on its indictor (MA) when its cycle of trades has finished.
The closing error is not caused by Blessing itself. It's caused by the broker not closing at the requested price. In other words, this member's broker "requoted" his close request. This fix is very simple.
A new version of Blessing is attached. This will help fix the problem with brokers that requote upon close by adding a slippage function to the menu set items. How this performs is truly up to your broker, not Blessing. As we all know EAs perform differently on different brokers. Blessing enters the trade with buy/sell stops/limits....no slippage required here! Closing out the trades is where slippage becomes an issue and you can now set your tolerance for requotes/slippage. You need to make sure you properly set the broker decimal function appropriately!
As promised, I'm attaching a new set file for the EURUSD that made it through the problems of last week. All I did was reduce the multiplier from 1.4 down to 1.38 and squished the autogrid down to 90% (.9). The backtest results are also attached. The drawdown may look high but that's due to equity protection helping out in two separate occasions while allowing continued trading. Protections work and you can see the results.
Happy Trading
v/r
__________________
Jeff J Talon Associates Investment Management
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