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Referring to my previous post. Blessing had 8 open trades on the eurusd 4hr time frame. It closed all trades at a $2.40 loss. Is this normal?? It also left one pending order open.
I had 7 trades open and it closed for a profit of $2.10
I'm new to Blessing so don't know if this is normal, but it sure is frustrating as the drawdown was around $100
Last edited by pudseybear; 03-31-2009 at 07:57 PM.
Reason: incomplete post
Referring to my previous post. Blessing had 8 open trades on the eurusd 4hr time frame. It closed all trades at a $2.40 loss. Is this normal?? It also left one pending order open.
Has anyone else experienced the same?
On my live account I had one basket close for a small
loss. Don't know why, as it should always close for a
profit. I don't think it's the EA - more than likely, it's
some kind of glitch with the feed.
I had 7 trades open and it closed for a profit of $2.10
I'm new to Blessing so don't know if this is normal, but it sure is frustrating as the drawdown was around $100
Blessing works best with some draw down. If the pair
has a decent amount of chop, it will often see 2-6
progressions. The key is chop, not trend. You want
pairs that basically trade within a channel, but with
good price movement. Make sure your account has
plenty of room for neg float and don't use a multiplier higher than 1.4.
I've been running live for a while now. And so far I've had no issues with opening or closing trades. I'm using an IBFX Standard account. All open trades were closed at the take profit level.
One thing I did was to use a wired connection to my router rather than a wireless. Provides a more reliable internet connection.
Quote:
Originally Posted by ChicagoRob
Blessing works best with some draw down. If the pair
has a decent amount of chop, it will often see 2-6
progressions. The key is chop, not trend. You want
pairs that basically trade within a channel, but with
good price movement. Make sure your account has
plenty of room for neg float and don't use a multiplier higher than 1.4.
Hi,
I'm testing Blessing V5 since yesterday on different time frames, just to see how it behaves and to understand the logic. Meaning that the time frame is not according to the suggested settings, but that is not important in this case.
The strange thing is that the TP (for a long signal, buy) is sometimes lower than the entry price, which results in a loss, please see the attached image of the Account History.
Any idea how this can happen? As you see from the report it happened with 3 pairs.
Please see the attached statement and the GridSet for USDJPY.
Hi,
I still have the problem with the strange TP.
As you can see from the attached image, first row I had a sell entry for GBPUSD at 1.43050 and a TP at 1.43510 which are 46 pips above the entry price. How is it possible that the system is going short and places a TP above the entry price?
Obviously I don't understand something.
Does the EA change the TP with increasing level?
Hopefully someone can enlighten me how it works. I would like to understand the logic.
Heeelp please.
The strange thing is that the TP (for a long signal, buy) is sometimes lower than the entry price, which results in a loss, please see the attached image of the Account History.
Where did you come up with those grid values? They don't look right
to me. Are they from a custom set file?
first row I had a sell entry for GBPUSD at 1.43050 and a TP at 1.43510 which are 46 pips above the entry price. How is it possible that the system is going short and places a TP above the entry price?
Looks good antomi (except grid that you probably chosed on your own)
SL are modified everytime a new trade opens, the SL is the same for all the open trades of the pair. When all trades will close (hit TP) some will be winners some losers. But the global equity of the trades of this pair will be a profit because the winners have higher lots than the losers.
Re read the instructions in pdf file so you get more familiar with this ea.
Looks working good so far
Looks good antomi (except grid that you probably chosed on your own)
SL are modified everytime a new trade opens, the SL is the same for all the open trades of the pair. When all trades will close (hit TP) some will be winners some losers. But the global equity of the trades of this pair will be a profit because the winners have higher lots than the losers.
Re read the instructions in pdf file so you get more familiar with this ea.
Looks working good so far
Thanks for the help. First I thought it is a buck, but than I realized I did not very well understand what is going on. Again thanks for the explanation.
Yes the grid was changed by me. Reason: first I wanted to use the AutoCal and tried that with one demo account and got strange settings. The actual ATR and the grid range (getting the range from iATR) differed a factor 4. Actual ATR (1 month) was about 20 and the grid range about 80.
So I decided to place the actual ATR instead of the standard or AutoCal.
This raises the question how the AutoCal calculates the grid. Does someone has or know the algorithem? Right now I don't trust the AutoCal.
Linear Mode
