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.

Important Settings :
lot : starting lot
Micro : using micro lots (0.01 lots)
MC : Market Condition , 0=uptrend (only opens buy orders), 1=downtrend (only opens sell orders) , 2=range (opens both buy and sell orders)
MCbyMA : defines market condition by EMA , if price is above EMA , it will take it as an uptrend and goes only long , vice versa for below the EMA.
MA_Period : Period of EMA
LotInc : Lot Increment on each level
TimeGrid : Time Grid in seconds , to avoid opening of lots of levels in fast market
GridSet1 : Set 1 Grid Size
TP_Set1 : Set 1 Take Profit
GridSet2 : level 2 Grid Size
TP_Set2 : level 2 Take Profit
GridSet3 : level 3 Grid Size
TP_Set3 : level 3 Take Profit
d : used to offset entry to round numbers , for example if you set g=50 and d=5 , it will places its sell order on 1.5795 instead of 1.5780
Set1Count : level 1 max levels
Set2Count : level 2 max levels
MaxLevel : level 2 max levels ( stops placing orders when reaches maxlvl2 )
BELevel : Close All level , when reaches this level doesnt wait for TP to be hit , if overall profit >= 0 , closes all orders

PLEASE NOTE ALWAYS THE LATEST VERSION OF EA WILL BE POSTED ON THIS POST.
I would recommend to attach this EA ( Version 3.3 ) to H4 or daily chart and fine tune MA_Period.

Attached Files

Blessing_2_MQLCoder_3.3.mq4 (13.0 KB, 864 views)

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

Attached Files

bless2.zip (15.9 KB, 1209 views)

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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.

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.

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

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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?

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

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

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