Thread: Blessing 2

longtime ago I wrote an expert based on a strategy named Blessing , it was discussed a long time on forex-tsd , but unfortunately its thread was deleted by mistake. now I am glad to announce a new version of Blessing is available.
I named it Blessing 2. it has many more features compared to first version of blessing and it works by stop and limit orders rather than spot orders.
For the people who are not familiar with Blessing idea , it is an EA which works based on grid and martingale theories.
it enters the market in one direction ( which you may specify ) , and if didnt hit the profit , after specific amount of loss , it opens a double lot trade in the same direction of first trade , hoping it will retrace and hit the TP and close all open trades.

I believe blessing 2 is a great tool to trade forex markets.

I would be glad to hear your ideas and feedback regarding this expert. I would suggest you to run it in backtester visually to see how it works in action.

EDIT : one of forum members named Iron (Jeff Talon) has continued development of this EA after version 3.3

Change Log :
v4.7 :
Power Out Stop Loss added
Menu streamlined
Overlay changed to include POSL

v4.8 :
POSL Synchronizer added

Here are the changes for v5.0:

1. AutoCal fix for 5 decimal brokers
2. Low account balance alert now message box
3. Autodecimal selection now in init section
4. POSL update for auto pipvalue selection
5. Grid Adjustment Factor out of Auto Grid Selection and now available for
any grid numbers.
6. Normalized all grid numbers, auto or manual

Here are the changes for v5.1:

1. Updated Equity Protection Closing Logic
2. Updated mq4 readability
3. Risk disclaimer added to header

v 5.2 :

Added adjustable time frame and period to the autocal feature

To Share results with other members , open an account on mt4live.com and send me your statement link by pm to put it here on first post. if your account is live , all of your private data will be removed from your statement.

PLEASE NOTE ALWAYS THE LATEST VERSION OF EA WILL BE POSTED ON THIS POST.

Reserved.
Reserved.
Reserved.

Here is the live report from my account for the past 30 days.

Hi

Had a look at your statement and noticed no Stoploss. Do u have some sort of SL built into the EA to take care of losing trades? Will try it out starting Monday..

Best rgds

Ticket Open Time Type Lots Item Price S / L T / P Close Time Price Pips Profit Balance Dd


3521811 2008/05/15 14:29 buy 0.20 gbpusd. 1.9425 0.0000 1.9490 2008/05/15 17:48 1.9458 33 66.00 100066.00



3520966 2008/05/15 03:06 buy 0.10 gbpusd. 1.9450 0.0000 1.9490 2008/05/15 17:49 1.9458 8 8.00 100074.00



3536193 2008/05/15 18:49 sell 0.30 gbpusd. 1.9490 0.0000 1.9410 2008/05/15 19:02 1.9476 14 42.00 100116.00



3536933 2008/05/16 10:04 sell 0.30 gbpusd. 1.9515 0.0000 1.9460 2008/05/16 10:37 1.9497 18 54.00 100170.00



3535541 2008/05/15 17:57 sell 0.10 gbpusd. 1.9465 0.0000 1.9460 2008/05/16 15:39 1.9460 5 5.00 100175.00



3535719 2008/05/15 18:22 sell 0.20 gbpusd. 1.9490 0.0000 1.9460 2008/05/16 15:39 1.9460 30 60.00 100235.00



3551191 2008/05/16 16:07 buy 0.10 gbpusd. 1.9460 0.0000 1.9495 2008/05/16 17:02 1.9495 35 35.00 100270.00



3554938 2008/05/16 18:16 sell 0.20 gbpusd. 1.9555 0.0000 1.9530 2008/05/19 15:20 1.9530 25 50.00 100320.00



3555909 2008/05/16 18:34 sell 0.30 gbpusd. 1.9580 0.0000 1.9530 2008/05/19 15:20 1.9530 50 150.00 100470.00



3556395 2008/05/19 11:26 sell 0.50 gbpusd. 1.9605 0.0000 1.9530 2008/05/19 15:20 1.9530 75 375.00 100845.00



3554607 2008/05/16 17:56 sell 0.10 gbpusd. 1.9530 0.0000 1.9530 2008/05/19 15:20 1.9530 0 0.00 100845.00



3568961 2008/05/19 16:25 sell 0.10 gbpusd. 1.9535 0.0000 1.9485 2008/05/19 17:14 1.9485 50 50.00 100895.00



3591866 2008/05/22 13:01 sell 1.80 gbpusd. 1.9795 0.0000 1.9610 2008/06/02 11:19 1.9621 174 3132.00 104027.00



3586949 2008/05/20 15:37 sell 1.20 gbpusd. 1.9670 0.0000 1.9610 2008/06/02 11:19 1.9620 50 600.00 104627.00



3580810 2008/05/20 12:21 sell 0.80 gbpusd. 1.9590 0.0000 1.9610 2008/06/02 11:19 1.9621 -31 -248.00 104379.00 *


3577576 2008/05/20 08:38 sell 0.50 gbpusd. 1.9540 0.0000 1.9610 2008/06/02 11:20 1.9625 -85 -425.00 103954.00 *


3575843 2008/05/20 03:57 sell 0.30 gbpusd. 1.9515 0.0000 1.9610 2008/06/02 11:20 1.9625 -110 -330.00 103624.00 *


3572718 2008/05/19 23:51 sell 0.20 gbpusd. 1.9490 0.0000 1.9610 2008/06/02 11:20 1.9625 -135 -270.00 103354.00 *


3571317 2008/05/19 17:31 sell 0.10 gbpusd. 1.9465 0.0000 1.9610 2008/06/02 11:20 1.9623 -158 -158.00 103196.00 *

3757293 2008/06/02 18:38 sell 0.50 gbpusd. 1.9670 0.0000 1.9605 2008/06/03 10:04 1.9629 41 205.00 103401.00

If you notice the TP on your losses, the TP for the SHORT IS ABOVE YOUR ENTRY PRICE - IT SHOULD BE BELOW!!

Notice the last line has a TP below the SHORT ENTRY.

Hope this helps.

Originally Posted by fxwealth

Hi

Had a look at your statement and noticed no Stoploss. Do u have some sort of SL built into the EA to take care of losing trades? Will try it out starting Monday..

Best rgds

this is the concept of averaging EAs to not to have a SL. thats why we start to trade with a very small lot , like 0.1 lot on 100K account. by SL it wont work.

If you notice the TP on your losses, the TP for the SHORT IS ABOVE YOUR ENTRY PRICE - IT SHOULD BE BELOW!!

thats not necessarily true , TP has been modified later into loss. the TP is right.

Originally Posted by FiFtHeLeMeNt

thats not necessarily true , TP has been modified later into loss. the TP is right.

Ok.

It just looked funny on the statement. Thought it could be a bug since your system seems profitable.

What's the reason it's not loaded into the STOP LOSS?

What's the reason it's not loaded into the STOP LOSS?

if you mean why it doesnt have SL , thats the concept of this EA.

Thanks a lot for the expert and will put it to test