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Why don't you open a demo and test the setting you want ??
I will tell you what I am doing now, I have kept only 10$ in an account and I am running live test, to see what will be happen when the market goes all the way against me ( I know what will happen marigin call and the first order with the biggest loss in pips will be closed, I just need to see ) and take notes, I am running the standrad pair for this EA, and last week there was a good move, to burn the account but it didn't happen and I end up with more pips, I will try this week.
Try things yourself DAN its the best way to learn
I thought higher leveage led You to more lots.
So rifo, when are you going to tell us your method?
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God Bless Everyone, and their trading logic.
Hello:
If I understand correctly-there are three main EA versions based off of the blessing system that was originally posted by Rifo Fiko...
1. V1 v2 5% by gbolla
2. Blessfifthelement by fifth element
3. Blessing system v7 by tytian
I notice they all back test dramatically different...can someone comment on the differences in the three? and which one matches the original system the closest.
I have forward tested #1 and #2 above with success for about 7 days. Fifth element seems safer but v1 v2 seems more profitable. That is my current take
Friends don’t waste your time on backtesting this system for the following reasons
1- demo and backtest the orders are always filled, while in a live account the orders are filled if there is a demand and lots of times we got a reqoute from the broker mainly during the news.
2- During the news we have wider spreads, backtest may not simulate that.
3- Server problems, freeze of the charts when the broker is making love during the news can’t be simulated in demo or backtests.
4- Those EAs are time dependants which means you will have different results if run two identical setups with small time difference between them, demo can’t simulate that
The only reason to backtest those EAs is to check the volatility of each pair, and for that you don’t need to test this EA.
live of demo testing is the only way, and its quite clear if you don't a margin you will have a margin call, so find a ranging pair like EU/US to test
Hello:
If I understand correctly-there are three main EA versions based off of the blessing system that was originally posted by Rifo Fiko...
1. V1 v2 5% by gbolla
2. Blessfifthelement by fifth element
3. Blessing system v7 by tytian
I notice they all back test dramatically different...can someone comment on the differences in the three? and which one matches the original system the closest.
I have forward tested #1 and #2 above with success for about 7 days. Fifth element seems safer but v1 v2 seems more profitable. That is my current take
my question is when 1 lot i.e. buy 0.1 lot 120 usd/jpy tp 120.2 .
the usd/jpy fall.
the EA open another 1 lot buy 0.2 119.8 tp 120
when the target tp 120 is reached the another lot 0.1 continues when the tp 120.2!!
not is necesary modify takeprofit 120 ????? (close both or all buy previusly opened)
So rifo, when are you going to tell us your method?
yes your right the higher the leverage the more lots you can trade, however margin call at higher leverage is double than lower leverage. So you can trade more lots but it would be faster to get a margin call