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Here is the forward testing since June, 2008 on GBPJPY daily chart on Alpari UK.
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"All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope. That is why the numerical formations and patterns recur on a constant basis." - Jesse Lauriston Livermore
i have notice a problem with the V4.6 i am not sure if it's my setting, the ea been doing good, but then the market truns around, but ea didn't change direction and still going atthe same direction that it started, at the end , my account lost 60%, all this are on live micro account from alpari-us, i don't run any ea on demo and never back test because they are waste of time, the result are only true when run on live account. and that is what we all want right? the real money. anyway, anyone know how to fix the problem? or the ea is programed to run that way, and have to stop it and restart to get it going the right direction every time?
this ea is supposed to be liked that...you need to decide which direction you trade and enter it rather than using its moving average 100. at the end of the trend, the mkt reverse if it does not hit moving average yet..disaster will come !!! i did use it in my ibfx live mini account and i lost 50% of my capital. take care..
I believe you all are risking too much. I am demo testing an account since November 4th and the Max Draw Down of the account the entire time was 7%. Currently, the profit is only up 30% but that is not bad in 2.5 months. Please lower risk to trade live. I mean, 10% profit monthly is very good and this is relatively safe settings too.
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Don't Let The Love of Money Send you to Hell™
this ea is supposed to be liked that...you need to decide which direction you trade and enter it rather than using its moving average 100. at the end of the trend, the mkt reverse if it does not hit moving average yet..disaster will come !!! i did use it in my ibfx live mini account and i lost 50% of my capital. take care..
so is the UnequalHedge ea be better? anyone running the UnequalHedge ea on live account?
YES safe sex is better than without it!!! so i guess it is the same in the trading life lol.
I have been trading blessing 4.6 live (started June 5th). and I have seen the biggest draw down was like 10% of my account with floting positions around 10-11 trades but I didn't worry about that because it was moving to my direction even it was 200pips to reach the TP. I used the default settings eventhough recommended settings was 10 for mini account and 1 for mini account. Mine is mini account which the setting is supposed to be 10 but I have traded 1 without knowing the recommended setting.(IBFX 0.01 lots) 9 times lower than the original recommended setting. But even with this setting few days earlier I had like 10-11 open positions and DD equity was around 110-120$ floating (-10% of initial equity). If I had traded the original recomended settings I don't know how much I would lose or get stressed because of the DD. So I guess it's better to be 9 times safer than the original recommended setting. So it is almost 15 days live trading and rough estimation it will generate around 30-50$ per month withough hassle on 1000$ mini account IBFX. I haven't calculated exact numbers but with this settings and I feel more safe. If one calculates the statistics on IBFX I will appriciate ones work. The system itself is great if you had like 100k and it will generate some nice $ for your pocket.
P.S. I'm live trading on live account mini IBFX 0.01 lot = 1c per pip move(1m chart) Eventhough it's sounds safe I had around 10% DD floating couple days ago. Do you consider this safe???????
I have a question for Iron or anyone who has run blessing live.
I noticed that sometimes, Blessing will open and delete sell limits at a very frequent pace. Infact, depending on the movement of the price, it may open a sell limit and then delete and then open and then delete and so on and so forth like in almost every 2-3 seconds.
In cases like this, would this frustrate the broker like hell in live trading? I know in demo it is fine, but what about live?
I have a question for Iron or anyone who has run blessing live.
I noticed that sometimes, Blessing will open and delete sell limits at a very frequent pace. Infact, depending on the movement of the price, it may open a sell limit and then delete and then open and then delete and so on and so forth like in almost every 2-3 seconds.
In cases like this, would this frustrate the broker like hell in live trading? I know in demo it is fine, but what about live?
Linear Mode
