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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
Iron,
Thank you for all the great work on this EA. This and Piplite are the only two EA's I trust currently to make money consistently through most all market conditions. I think with the protection in place, we should all be fine and make some good money.
__________________
Don't Let The Love of Money Send you to Hell™
first of all, Iron thank you for this great ea! i've been testing it on demo account for last two months and results were far beyond my expectations (20-30% per week).
now, when i started to trade for real money, ea doesnt work. i trade on liteforex on cent account. everything is ok, ea does first trade but then doesnt do anything more. no S/L, no second trade, just T/P limit.
first of all, Iron thank you for this great ea! i've been testing it on demo account for last two months and results were far beyond my expectations (20-30% per week).
now, when i started to trade for real money, ea doesnt work. i trade on liteforex on cent account. everything is ok, ea does first trade but then doesnt do anything more. no S/L, no second trade, just T/P limit.
So, can anyone help me to find the problem? Thx
Forwarding testing on demos is how most everyone checks to see if EAs work as advertised. As for live, if it doesn't work as expected on a live account, that's the broker. Apparently, your broker uses different settings on their demo server as compared to their live server. This type of activity continues to be a problem. My humble suggestion is to switch brokers. IBFX, FXDD or Tradeview have all demonstrated that their demo servers and live servers have similar settings. Also, watch your journel tab in the terminal area. It will show the activity of the EA and whether or not the server took or even processed the request.
If anyone else can chime in with possible suggestions, please do. As I stated above, it comes down to the broker as to how the orders are processed, opened, traded and closed...good luck!
v/r
__________________
Jeff J Talon Associates Investment Management
I am forward testing v4.3 on EUR/USD H4 without MM using 0.01 with a 1K IBFX mini account without any incidence. I have been testing from the day v4.3 was released.
I will report anything that I can discover when I go live.
I might add a big Thank You to Iron.
ES
Quote:
Originally Posted by lron
Forwarding testing on demos is how most everyone checks to see if EAs work as advertised. As for live, if it doesn't work as expected on a live account, that's the broker. Apparently, your broker uses different settings on their demo server as compared to their live server. This type of activity continues to be a problem. My humble suggestion is to switch brokers. IBFX, FXDD or Tradeview have all demonstrated that their demo servers and live servers have similar settings. Also, watch your journel tab in the terminal area. It will show the activity of the EA and whether or not the server took or even processed the request.
If anyone else can chime in with possible suggestions, please do. As I stated above, it comes down to the broker as to how the orders are processed, opened, traded and closed...good luck!
v/r
Last edited by ElectricSavant; 11-18-2008 at 03:50 PM.
thanks iron, i cant see no other reason for not working. it would be just great to use cent account for such ea.
You can use this EA on a micro account (cent). You need a broker that will trade down to the microlot level (.01). That means you need to have a broker that uses 1 Lot to control 10,000 of base currency so that 1 lot is worth $1/pip, .1 lots is worth 10c/pip and .01 lots is worth 1c/pip.
I've been writing code and using hundreds of EA over the last year. I've been coding for a while now and I have 4 commercial EAs that I believe work great. I am going live for the first time after 2 years of study and demoing with FXDD. I'm opening a mini account for $2500 and trading down to the micro level. If everyone has followed my suggestions, this amount could easily trade 10 instances of Blessing or Piplite ($250 minimum for a micro), however, I will be trading 2 pairs of Blessing, 2 pairs of Piplite and my four other EAs to round out 8 pairs on my $2500.
This "style" of trading hedges on 3 levels. First is the micro level, second is numbers of pairs and third are the types of EAs. I will not have an account blowout as my other EAs use combinations of Stop Losses or Equity Protection. This forum has given me the confidence to now put these protected EAs to the real test. Keep tweaking the suggestions!
Happy Trading
v/r
__________________
Jeff J Talon Associates Investment Management
hi, i just started your EA with the settings you provided and while USDJPY daily and USDCAD daily work withour problems is get "zerodivider for MathMod fuction" on EURUSD h4 and AUDCAD h4.
For those of you considering IBFX...You need to understand that they offer two kinds of accounts, meaning that 0.01 means two different values according to which account you have.
Standard IBFX Account
0.01= micro's 1000 units (10 cents a pip)
0.10= mini's 10,000 units ($1 buck per pip)
1.00= standard 100,000 units (10 bucks a pip)
Mini IBFX Account
0.01 = nano's 100 units (1 cent per pip)
0.10= micro's 1000 units (10 cents per pip)
1.00 = mini's 10,000 units (1 buck per pip)
ES
Last edited by ElectricSavant; 11-18-2008 at 07:51 PM.
first thanx for getting the blessing2 thread live again and for taking all the trouble in order to deliver us such a great ea for free, i wish you all the best...
Linear Mode
