I was about to dump this EA last week before it finally made some $$ again. I realize that I have it set for large moves only and I am happy with that. I am thinking like blessings to move my first couple of levels to small reentries of 200 pips or less, then on greater than 3 moving them to 240+ pips dependent upon currency.

I think it is unrealistic that I will get 10% per month as projected on this EA, however, my drawdown has been really low (around 3% or so most of the time).

I will have to spend more time figuring out which currencies and where to scale up. So far GBPUSD is the big winner, so I will probably scale that currency first, then EURUSD, and other non-movers (ex-EURJPY/GBPJPY).

I am also evaluating the NB 5.0 system using bollinger bands, stochastics and MACD's.

--another note, I made a big mistake a few times playing with the EA as when I manually exit it closes all my trades. I have been able to on occasion turn the EA off and close a higher level trade, then turn it back on. Unfortunately, 3 out of 5 times it has backfired and closed out all trades. I still have some makeup on EURJPY and USDCHF because of this. :) It has cost me about 200.00 which is sizeable considering the small account I am trading. :)

Just for information Gil: http://www.euromoneyfix.com/images//628/76821/Complaint_GainCapitalGroupLLCGlennStevens_2010_0630.pdf

Here is a response to a message I got from someone asking me to send them the EA's with settings. My advice is to research your own and find what fits your personality. I do not feel the interest in being responsible for your demise if that does happen by using these strategies. In addition, I use my own judgement on when to turn on/off as well, so that takes some experience.

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Hi,

Yes, you can download them yourself with your own settings. I wouldn't feel right in supplying someone with a losing strategy if that occurred. Sorry.

forex-tsd.com search for 'blessings 3' on google

forexfactory.com search for NanningBob 60x90 EA. I use my own modified version and manually change trades so you could probably not replicate.

These EA's could blow up because they use Martingale and only experienced users should let themselves play with them.

Gil

I don't know if I responded to you or not. :)

Yes, it is martingale, on a very large timeframe, so to me it is safer than blessings 3. I just had an account with 25% drawdown with 5 currencies open all to the 3rd and 4th levels. Thank goodness it retraced as I don't like that high of drawdown on any account! :) From my extensive analysis, a 220 - 320 pip reentry will get you through ever major move. Size of reentry is determined by currency of course.

There are lots of recommended settings on FF. I suggest you try his new NB 5.0 system thread as I do believe it is probably better, but they did have quite a bit of drawdown on that account as well on this last run. It is a work in progress, but I believe it will do well.

I also manually trade this so much that I wouldn't consider it really an EA set-n-forget any longer. I like to use price action and fibs in in/out moves.

Gil

If you are looking for EA, then I suggest you check out the NB 60x90 thread and play around with it. I am probably 50% manual if not more at this point with this EA. I really just point it in a direction and turn it on. I will attach the 2 I am using currently, but if you look at the code, you can see it has been morphed into something it was not originally intended to become.

I am really focusing on my little big forex man EA, but I can't seem to get it through a couple of hurdles with my limited programming skills. Know anyone? ;)

Use these EA's at your own risk... Again, I have morphed them. I really like NB's 5.0 thread on FF as I believe that is a great technique, but right now I prefer price action for returns and his 5.0 system still has some clarity to overcome. :)

Gil<a href='http://www.myfxbook.com/files/bluemele/Short.mq4' target='_blank'>Short.mq4</a><a href='http://www.myfxbook.com/files/bluemele/Long.mq4