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Another alternative is to use Weekly Charts. See Below, use the consecutive HIGH-LOW pair. Can you identify which pattern that give consistent less progression?
It is about the calculating of risk and reward based on the leverage and margin. I think it can also help to determine what is the better strategy to use, scalping or longer period trading.
But it is incomplete, feel free to correct and improve it.
Kindly repost the corrected and improved version.
I think it is useful to us newbies as it clearly state the risk and objectives and
avoid over leveraging.
If you really look at the code of Blessing2, it has parameters that if you set correctly, will prevent account blowup. Read and understand the "Portion" and "Float Percent" variable and how those can help you manage your account.
IMHO, if you set those parameters correctly, you should be able to prevent blowup.
-RJ1-
Quote:
Originally Posted by georgecotton
Well the best performing IMO is blessing_2 however... Serious risk of account blowup.
Much better off going with a hedge EA like pipmaker v15
Perhaps it is best if you could open the Blessing2 thread and read. I am not a fan of Martingale systems BUT, this thread starter was asking "What are the best Martingale's expert advisor??", so I give my sincere answer based on information I know, that is Blessing2. No point of arguing here if you don't want to read the whole setup of Blessing2.
Martingale based systems are dangerous, but at least, to my knowledge and opinion, Blessing2 is the safest among the dangerous martingales.
p/s: And yes, Blessing2 has Risk Management too.
Cheers!
-RJ1-
Quote:
Originally Posted by auto
A martingale strategy which just adds position against the trend will ALWAYS blowup - matter of time.. just waiting for a good spike.
It does not matter what settings you use.
Risk management concepts have to be incorporated in a strategy to make it stable.
Risk management
Linear Mode
