Rifo, how were your trades for today ?

They´re not interested because martingales do not work.

They trade with real money as I do, and not in demo games.

If you (generally speaking) believe in martingales you don´t have any idea about markets behaviour.

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peter: i've got 15% today.. But i don't test the early EA. I still trade in manual. Could be on Monday.. where the market should be in side ways.

Before i post this method.. believe me i don't know about martingel.. i used this method for a years. I thought long before martingel.

Usually, i used another system (my another system) and combine it. I just want to share it one by one when you got the idea of blessing. We can forward to the next level of blessing. So we can get the fully understand of blessing method.

Now i'm trying to make the PDF with fine English. in order to make all of you understand my 2nd level of blessing.

I'm sorry if i didn't participate the thread oftenly, because my another job. But Don't Worry i always watch the discussion of this thread. Thanks for every one . Especially to timbobo... u are the man.. and we still have another things to do to make EA works for everyone.

I will wait for part2

I just hope this attached chart can help a little.
I don't know if I can attach the chart, if not then
someone tell me how do it.

Thanks to all,
Rene

I was not able to attach the chart,
I try to attach my template just might help a little
and please this this is only my little understanding,
I could misunderstood the Idea.
I stand to be corrected. Did the tpl attached, Don't know yet.

Thanks

Attached Files

blessing buy+sell chart.tpl (12.6 KB, 382 views)

Sorry for being new to forex.

Atleast here is what i understand about Rifo's Idea

And this might help a little.

Thanks

Rene

Attached Files

Buy and Sell Limit Chart.zip (66.3 KB, 525 views)

Remember you are doing the same thing at the same time for both Buy/Sell

Hi, Timbobo

I'm a newbie, Please correct me if my understanding is wrong.

Does the ea reset from the beginning whenever a profit is taken ?
It seems to me that the spread, in my broker its 10pips, and commission is killing me on this system.

This is what I do on demo, please comment on this:

1. Manually I open 2 sell limit orders and 2 buy limit orders at the same time which are level 1 and 2, 30pipsaway from the current price and 30pips gaps or btw 2 orders.

2. When the sell limit level 1 is hit, I close the 2 buy limit orders. And place a take profit of 50 pips on the newly open sell (level 1).

3.It's more favorable if after the sell level 1 is hit and the price retrace back.

4. When the sell limit level 2 is hit, I place take profit of 30 pips on the newly open sell (level 2), And modify the take profit of the first opened sell (level 1) to breakeven (to the level 1). Both TP are on the same level 1.

5. When the price retraced back to level 1 then I got 30pips less $70 commission. I guess the spread is self added or deducted.

6. And then I start all over again.

7. Whenever a new highest level is hit, I modify all take profit and set them to the previous highest level.

Thank you for testing my EA.
That was problem with stoploss - fixed.

The second problem - a thread for trading was occupied. Working with so many orders is a big deal. It works fine on testing but on real trade it takes 5-10-20 seconds for each order. So, I added check if thread occupied or not and 5 sec time delay for the next check. It will fix the problem in general. I did not have a chance to test it in real-time as I fixed it on weekend, I hope it should be allright.

But on very quick market, when price goes up or down on more than 20 pips in 5 seconds the EA may not be able to put 1st level pending order - just because it's impossible to take several orders in one second, it takes time, and the price can be so close to your 1st level that broker would not allow you to put pending there. Try to use bigger TP to avoid this problem.

v5 uses the exactly the same lot orders - check results list.
0.1 to open market order and after that some pending orders with lots: 0.1, 0.2, 0.4, 0.8, 1.6, 3.2, 6.4

Attached Files

Blessing Martingale_v5.mq4 (4.4 KB, 711 views)