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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
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.
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..
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.
Linear Mode
