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hey togu
What was the balance you were using on usd-jpy when it happened ?
hi Alex,
The portion balance was 420USD with 50% equity protection and the thing what I did was increasing the risk 0.02, that's when DD striked me (level 8). My first biggest loss closing the first 2 orders around 70$. I should have come up with the idea decreasing the portion size before the ea closed some of my orders.
Iron thanks for clearing up confusion about 5 decimals. However do you think it would be wise to close out any open positions on April 17 when IBFX changes over. I'm thinking there might be disruptions to the price feed. These things seldom go smoothly.
I´m new to this forum, but have few years experience in trading. This blessing thread got my attention - decided to try the EA. Mostly everything looks OK, I just have one big problem, maybe someone can explain it to me.
Thing is, Blessing EA somehow manages to set take profit BELOW entry price in LONG position. And then "take profit" with a loss. How the h*** is that possible ????????? And why ?
Example one:
Bought USD/JPY at 100.78, take profit was set to 100.22 !!!!!! And it WENT there, took the "profit" -56 pips of loss.
Example two:
Right now I have one live trade amongst others, where EA has set TP BELOW BUY price. Bought USD/JPY at 100.31, Target price is set to 100.03 !!!!
I am using Blessing v5.0 on my demo account. Maybe just a demo problem ?
I've never seen this issue, demo or live. I've been live with Blessing for a while with nothing but profits. However, I have seen brokers do strange things and this is one of the things that was reported once before that is simply "strange".
You might want to try a different broker. If you open a demo, make sure you call that broker on the phone and ask them to enable micro lots on your demo account.
v/r
Quote:
Originally Posted by NormalRange
Hello everyone!
I´m new to this forum, but have few years experience in trading. This blessing thread got my attention - decided to try the EA. Mostly everything looks OK, I just have one big problem, maybe someone can explain it to me.
Thing is, Blessing EA somehow manages to set take profit BELOW entry price in LONG position. And then "take profit" with a loss. How the h*** is that possible ????????? And why ?
Example one:
Bought USD/JPY at 100.78, take profit was set to 100.22 !!!!!! And it WENT there, took the "profit" -56 pips of loss.
Example two:
Right now I have one live trade amongst others, where EA has set TP BELOW BUY price. Bought USD/JPY at 100.31, Target price is set to 100.03 !!!!
I am using Blessing v5.0 on my demo account. Maybe just a demo problem ?
Does someone have similar problems ?
Regards,
Sven.
__________________
Jeff J Talon Associates Investment Management
if i use blessing 2 with another EA in the same acc and in the same MT4, then the another EA get big DD, will blessing 2 will close the trades (by blessing 2) or blessing 2 still maintain the trades as each EA has own magic number?
I've never seen this issue, demo or live. I've been live with Blessing for a while with nothing but profits. However, I have seen brokers do strange things and this is one of the things that was reported once before that is simply "strange".
You might want to try a different broker. If you open a demo, make sure you call that broker on the phone and ask them to enable micro lots on your demo account.
v/r
Thanks, Iron!
I like this system and I am also in profit, its just that the profit could be even higher without this very strange placing of take profit orders. Placing take profit in long position below entry price is not possible manually. Maybe you are right and the broker is screwing me ?
I will try another broker, if there is no other solution.
Linear Mode
