Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
Thank you for your information. That was realy helpful.
Monday I will call Alpari to change my demo account.
But nevertheless I have the same problem with IBFX and that irritates me.
Rob,
no I didn't try the data from Metaquotes, since everybody is praising the Alpari data.
Ok Antomi
thanks for the long explanation
I understand your thoughs now
Backtests are always a problem because of the lack of real data
Most of the bars we find in historical data are etrapolated data...because of insufficient real data.
THat's a problem all traders know, that's why i most of the time rely mainly on my forward tests rather than on backtests. But in the other hand the problem of forwardtest is that you never have long enough tests
What would you propose to improve this wonderfull ea, without the MA filter idea that i don't like because it would obviously change the ea logic and reliability, i'm sure of that.
Any idea would be interesting indeed.
My personal idea of improvment is : bigger balance per pair, nothing else really...
Quote:
Originally Posted by Antomi
Hi Alex,
I guess 1 day has 24 h.
If you backtest 1 week on daily basis you only have 5 bars, but if you do that on a 1 h base you have 120 bars (5x24=120).
Going to 5 min TF you have already 1440 bars.
I'm not sure whether I can explain what I mean (english is not my native language, sorry).
You can look from different perspectives, the makro and micro one.
If we assume that the Forex market is random than a price action trading system should work similar in every TF.
The smaller the TF the more data available and the more reliable results.
Every system developer has the intension to check his/her system over the most possible time period.
If I test Blessing on a daily basis over a 2 year period I have only about 520 bars (for the sake of order that is not 100% correct but helps to get the picture).
Who tells me that this is sufficiant? Actually that is nothing.
But If I check Blessing over the same 2 years with a TF of 1h I have 12,480 bars. And even going down to 5 min TF I have 149,760 bars.
If I can find the parameters for Blessing to survive these bars I'm on a very safe side an would throw all my money in it (maybe not all ).
If the statement is true that Blessing can only survive on a 4h/1d TF (and that is according to my information only based on 2 years backtests, or 520 bars) this would mean to me, that the time will come when the account crashes.
Or in other words, up to now (mainly) Iron proofed that with his settings Blessing had survived about 2 years backtests on 4h/1d TF but at the same time that means also that it didn't survive on more data (because a smaller TF is nothing else than more data, from the micro perspective).
I'm pretty sure if we would backtest Blessing with the given settings on 1d TF for 48 years (48 years backtest with 1d TF equals 2 years backtest with 1h TF) it would not survive.
Because if you hit a worst-case scenario in your 2 years 1h TF test you will have it also in your 48 years backtest with 1d TF.
Oh, you migh say 48 years is a long time and than I will be already retired.
The bad thing is only, that statistically the worst thing can happen every day, even every bar.
What I'm trying to say is, that 520 bars successfull tests are just not enough for me and that I urge us to make the system as much as possible bullet proof.
But these are just some basic thoughts, much more other factors have to be taken into account.
By the way - and I said that before - Blessing is the best EA I've seen so far and therefore thank you FiFtHeLeMeNt for coming up with it and Iron to make it even better.
You both
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.
Rob
Hi Rob
I've been looking through my trading account and noticed that Blessing has been closing in profit upto level 5 (0.02, 0.03, 0.04, 0.06, 0.08) . Once it gets above level 5 it closes at a loss because its setting the TP at entry 2 levels back. I'm not sure if this is what its supposed to do, but it doesn't look right. Maybe other people can check this as well.
This question on 5 decimals has been asked a couple of times now but no one has answered it. If I am using a set file called "eurusd m240 4 decimal.set", this suggests it is set up for 4 decimal brokers and there is a 5 decimal file somehere. I would appreciate if someone could answer this.
This is the best EA I have ever used. 10k to 26K in 4 months on the eurusd only. Big thanks to all.
This question on 5 decimals has been asked a couple of times now but no one has answered it. If I am using a set file called "eurusd m240 4 decimal.set", this suggests it is set up for 4 decimal brokers and there is a 5 decimal file somehere. I would appreciate if someone could answer this.
This is the best EA I have ever used. 10k to 26K in 4 months on the eurusd only. Big thanks to all.
This is the best EA I have ever used. 10k to 26K in 4 months on the eurusd only. Big thanks to all.
Sounds like you are very aggressive with this EA,
either with lot size and/or multiplier. Typical return
for Blessing with standard, conservative settings is
around 10-14%/month.
Indeed it sometimes close with a loss. I guess this only happens due to timegrid option that is set default 2400. If we have strong moves then the next level could be opened far from your first levels (because it wont open any new trade before 2400 seconds after previous one) then when hitting TP it won't be sufficient enough to recover all the trades. Anyway the loss we sometime have in this special conditions are quickly recovered by the next trades. In 2 months of live trading it happened only once on my account and get recovered by the next trade. Not really a problem indeed
in fact it' has nothing to do with level 5 or any other, depends on market trend strenght
Quote:
Originally Posted by pudseybear
Hi Rob
I've been looking through my trading account and noticed that Blessing has been closing in profit upto level 5 (0.02, 0.03, 0.04, 0.06, 0.08) . Once it gets above level 5 it closes at a loss because its setting the TP at entry 2 levels back. I'm not sure if this is what its supposed to do, but it doesn't look right. Maybe other people can check this as well.
i think too
Sounds agressive settings to get such profits
be carefull..
Quote:
Originally Posted by ChicagoRob
Sounds like you are very aggressive with this EA,
either with lot size and/or multiplier. Typical return
for Blessing with standard, conservative settings is
around 10-14%/month.
In 2 months of live trading it happened only once on my account and get recovered by the next trade. Not really a problem indeed
in fact it' has nothing to do with level 5 or any other, depends on market trend strenght
Same, here. It has only happened once, and it was
for a very small loss.
).
Linear Mode
