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Blessing v3.8 (By Gerald )

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Blessing v3.8 Discussion

SANS (knowforex)
Oct 13 2010 at 11:24
9 posts
Hi Gerald,

I got a question about EU setting that you have.. Are you using hedge option ON in your setting?

Regards,
KF

Bring in the best out of market
Gerald (gerald325i)
Oct 13 2010 at 12:09
159 posts
No, hedging in Blessing does not work. I use two EURUSD, one is 3.8 set to FMC=3 and one is 3.7-6 set to FMC=1 :)

So in a way hedging with two EAs :)

The problem is when 3.8 goes into selling mode...I guess I'll just turn one off because it will increase my risk having two on the same trend. I'll deal with it then :)

Take your profits while you can or the market will take them from you
SANS (knowforex)
Oct 13 2010 at 13:29
9 posts
That cool Mate.. Thank you for your explanation.. :)

Bring in the best out of market
Rob Trader (r2d2trader)
Oct 14 2010 at 10:36
6 posts
if you use 3.8.2 you can use the shutdown feature for that. After the Trades of the current 'cycle' are closed it stopps trading. So you won't get doubled with one direction after your Hedge.

:-)

"Aller Anfang ist leicht, und die letzten Stufen werden am schwersten und seltensten erstiegen." Johann Wolfgang von Goethe
Siitari
Oct 14 2010 at 10:42
111 posts

gerald325i posted:
    No, hedging in Blessing does not work.


I wouldn't say that.

It's not easy to find a balance there but it can definitely work(thought not with default settings since they have been just thrown there and have not been tested/studied/whatever enough) to keep the DD from skyrocketing. It's a challenge in itself to make it work in any reasonable way.


Less effort, better results.
Gerald (gerald325i)
Oct 14 2010 at 12:18
159 posts
Rob Trader, yes, well aware of it. That is one, the other one is forcing FMC so that the next basket starts in the direction I want it to go, like USDCAD right now where I'm forcing it to buy.

Siitari: I've been using and perfecting B3 for a while. Hedging does not work in a profitable way because it increases DD while not doing much to decrease it. There are programming black holes in the hedging code such as inability to trade within a grid that has been previously hedged. In other words, if the price action stays within a range of zig-zags without increasing or decreasing, the hedging feature does nothing to build you equity. Been there, got the t-shirt dirty.

Show me a single set file that would work with hedge better than without and I'll change my opinion. better yet, give me ONE user who uses it live consistently and profitably. Man, I have experimented and devoted countless hours to the hedging function. In fact, D4v3 will tell you that it was me who pointed out that the BE and TP lines where being painted wrong when hedging, this was one of the fixes of 3.8.2.

But, hey, If you still think I am wrong, good luck with it! :)

Take your profits while you can or the market will take them from you
Siitari
Oct 14 2010 at 13:41
111 posts

gerald325i posted:
There are programming black holes in the hedging code such as inability to trade within a grid that has been previously hedged. In other words, if the price action stays within a range of zig-zags without increasing or decreasing, the hedging feature does nothing to build you equity.


I suppose it isn't supposed to build up your equity, rather to preserve it at some level. And I never said you're wrong, more like maybe you haven't found the correct balance there. I feel that I've been close to it but have to admit haven't quite been there yet. I think it this way: that it doesn't seem to work, by someone, doesn't mean that it really doesn't work. It proves that it didn't work with tested settings.

I can't speak for the code since I'm not a programmer so what do you mean with 'There are programming black holes in the hedging code such as inability to trade within a grid that has been previously hedged'?

Less effort, better results.
Gerald (gerald325i)
Oct 14 2010 at 14:08
159 posts
To explain it you have to look at it in visual mode. If a segment of the trend is hedged let's say from 1.20 to 1.22 there will not be another hedge started in the same gap even if the trend fluctuates indefinitely between those ranges...and it should!

I shared your thinking at one point, but after you spend 3 weeks trying to get a successful hedge and you get so close to find out that the setting is only half as good as it is without...then you just give up. And there are MANY like me in the main B3 forum that will tell you the same story.

But hey, maybe I was pissing outside the can and there really is a sweet spot somewhere.

Happy pipping bro, I get your point.

Take your profits while you can or the market will take them from you
Gerald (gerald325i)
Oct 15 2010 at 18:52
159 posts
OK, I was able to find out why my MT4 was crashing on ForexVPS...my fault entirely for not logging in as ID 0 or Admin...an error that happens when the link/icon is not created right. Fixed it today, we'll see...

Take your profits while you can or the market will take them from you
Vin Sempurai (sempuraifxx)
Oct 18 2010 at 10:08
67 posts
so how is ur VPS? Okay?😀

The best things that could happen could also be the worst thing to happen
Gerald (gerald325i)
Oct 18 2010 at 10:22
159 posts
ForexVPS is working as advertised, very stable so far after my redoing the logon icon on my computer at home...very simple fix.

Take your profits while you can or the market will take them from you
Vin Sempurai (sempuraifxx)
Oct 22 2010 at 01:19
67 posts
Hi Gerald,
ur EURCHF set file,is this is microgridt set file? and do u set FMC=3?

VS

The best things that could happen could also be the worst thing to happen
Gerald (gerald325i)
Oct 22 2010 at 06:59
159 posts
Read the comment on each trade to see what file it is and how it is set up.

Take your profits while you can or the market will take them from you
DazzaFX
Oct 25 2010 at 16:56
2 posts
Hi Gerald,

I have been following your progress since the start. Just wanted to say congrats on the progress. Every time I check in your reaching new highs.
Lets hope it keeps up.

Dazz

Gerald (gerald325i)
Oct 26 2010 at 07:01
159 posts
Indeed, let's hope it keeps going!, thank you for cheering me on. I survived a 12 trade basket yesterday with USDCAD but it uncovered the potential risk of so many pairs when they all get stuck in the same direction, so I lowered the lots for now.

Take your profits while you can or the market will take them from you
Siitari
Oct 26 2010 at 07:11
111 posts
I've been following your B3 account too. I myself started a 10 pair demo account but soon noticed that I couldn't make any decent backtests(bad data) to create sets and had to drop some pairs and add some and then I downloaded latest set-files from the new J Talon forum. Why try to invent the wheel, eh... ?

Interestingly I(without knowing it) chose the same pairs that you seem to have or had on your account.

I try to update the sets on a weekly basis if there are changes to the best set-files in the forum. I'm also thinking of opening L-Plate account(micro) with GoMarkets to test these live.

Less effort, better results.
Gerald (gerald325i)
Oct 26 2010 at 09:38
159 posts
Well, let me know if you plan to open that GoMarkets account so that I can earn you some good cash back, open the account from here and not directly to get the extra cash, and that should pay for your VPS!


Take your profits while you can or the market will take them from you
Gerald (gerald325i)
Oct 28 2010 at 07:49
159 posts
Well, Megadroid did it, it finally lost me some money! :(

Take your profits while you can or the market will take them from you
Mia Galaxia (MiaGalaxia)
Oct 28 2010 at 12:42
1 posts
This fellow didn't suffer any drawback with B3. Instead he kept gaining
https://www.myfxbook.com/members/beorn/blessing-38-instaforex/50912

Gerald (gerald325i)
Oct 28 2010 at 15:39
159 posts
I didn't have any drawbacks either with B3...actually he did, he had many EP hits where I didn't. And just you watch, Megadroid will make up for the loses :)

Take your profits while you can or the market will take them from you
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