Blessings V3_7-6 Diskusia

hi, r u using default set files from blessing site for each pair?

Thanks

Yes and no.

Started with files, made minor modifications for dd% and share %.

Will start w/ 23 pairs this week or next. May remove GBPJPY and EURJPY as they seem to be the most trouble and get into more 10+ levels.

:)

Here is the author of that EA stats.

[Link removed]

nickster posted:
    Here is the author of that EA stats.

[Link removed]

Yah, don't know him, but the stats are pretty screwed up. Seems like he is mixing several versions together under one account and siphons by magic number.

I have been testing it live on 2 different accounts for about 2 months. You have to give it a lot of money and let's say you have 20K that you can lose.

I would put it to work on 8K or so, and use the rest to get you out of trouble. So, even if you are getting 30% returns per month, you are actually getting 10% returns or thereabouts. I have done extensive back testing as well as forward testing and this EA is about as good as I think someone could create using this concept.

It blows up on forex.com for some reason a lot and just closes my trades, so I moved it to ibfx. :)

I am trading w/ 22 pairs about 11K on penny.

thanks for the information, i will start demo testing. ... i am currently demoing an old version of fxpromaker which is straight martingale which opens position in both direction ... i have TP set to 100 / steps set to 100 also, on backtest shows little drawdown ... will see if blessing have options to modify number of pips for each step.

Thanks again.

junglist00 posted:
    thanks for the information, i will start demo testing. ... i am currently demoing an old version of fxpromaker which is straight martingale which opens position in both direction ... i have TP set to 100 / steps set to 100 also, on backtest shows little drawdown ... will see if blessing have options to modify number of pips for each step.

Thanks again.

It does...

I did something like the fxpromaker EA which was powerSM on forex factory. It doesn't work.... :) It isn't really similar. It doesn't pick up the trend using RSI and only enter upon so many seconds as well as an MA crossover, BB/Stoch, or CCI signal. It is a blind EA and you could get eaten up as I tested it for 2 months and it always ended up losing on big moves. :) Good luck though. If you run it on 200-300 pip movements each level and trade off 4HR, then I could see it working, but you need the entries to be buy/sell stops that follow the price. That way on big moves you won't get sucked in too early. EURJPY moved once like 3100 pips without 38% retracement! :)

Well, I put GBPNZD on my list of pairs to be traded and thus far, I am finding it to be a bit 'hairy'. (To be removed upon close)

I was warned not to use it, but thought I would give it a try as the backtests worked out OK. However, due to large spreads, it missed closing out several lower level trades and I think I am at Level 11 now. Much higher and sooner than I expected. All other pairs are working perfectly. I have another 20K I can wire into this account immediately if I get close to issue with DD. So far only at 6% DD or so. :)

Thanks again for info. , am currently testing blessings on eur/usd ... still trying to understand how it makes trades

junglist00 posted:
    Thanks again for info. , am currently testing blessings on eur/usd ... still trying to understand how it makes trades

Best pair to use it on in my opinion is gbpusd. It has the most up/down movement and if you look at my summary is the most profitable with the least drawdown. Worst is GBPNZD or GBPCAD/GBPAUD. Anything that trends heavy with the market.

It is quite simple in a way.

It figures out the trend using SMA/RSI. Default when a certain MA cross occurs it reenters if the drawdown is greater than X pips. X pips is decided upon the 'matrix' you have specified. By default 25,25,25,25,50,50,50,50,100,100,100,100,200,200,200 I believe (15 levels). It is funny, GBPNZD just missed TP which are double the entry at 50,50,50,50,100,100,100,100, etc. by just a couple pips each time until level 7 where has been nowhere close to recovery.

If you are going to go live, you have to make a decision of cutting certain pairs off at a certain amount of loss, or riding it out to 15 levels or forever. :) For now, since I am investing just 11K into the account and have 9 more times that in reserves to jump in if there is an issue, I will just hang back and see if it makes 15 levels. I hope not! :)

gil

Dumped GBPNZD as it is just too perfect to destroy this EA. It moves quickly, stops (for an entry), moves quickly stops, etc...

I was at 12 levels and only 900 pips and it could easily move 2,000, so I decided to bail after a 38% retracement on the last pivot. :) I have also been exiting and doing some manual manipulation on some currencies. :)

Ok, it took me a week to recover from the GBPNZD removal (-200+ dollars). It then went on to make a huge move and I would have made a nice profit. I am happy to have removed it though and I have now removed its cousin, EURNZD. They just move too smooth and too much without proper retrace.

I have realized now with my trend following technique that the Currencies I will focus on are GBPNZD, GBPCAD, GBPAUD, EURNZD, GBPJPY, NZDJPY, etc...

Hi Gil

Have you ever tried to use CCI and BBS with any pairs? If yes, how were the results? I think you use only MA and others are set to zero. Then the whole trade rely on only MA. Is it safe? On the other hand I tried to use either CCI or BBS or both of them together but no trade happened for days. Ithink you do not use those filters for this reason. Have you ever used hedging?

Thanks,

Cuneyt

If you use them together, you will not get trades.

Yes, I have tested BB. I had one that worked, (I don't recall which one), however, it was never as profitable and it took forever to get into trades. Plus, on some currencies it blew up quite a few times.

CCI doesn't work in my opinion.

Safe... If you are looking for a 'safe' EA, this isn't it. :)

The way I am using this EA is more about money management then entries. MA is good because you usually only get entered if it is changing direction for a bit. Yes, it will be wrong quite a bit, but that is how you make your money.

I have an 10K account. I trade 20 currencies, which gives each of them 500.00. Actually though I am letting each currency use the whole pile of cash to get 'right'.

For example, I backtested and some currencies (EURJPY and GBPJPY) had drawdowns of 10%+ on a 10K account using the entire thing each. However, during that time, many of my other currencies didn't have a drawdown. They were like 3% etc...

How everyone is using blessings is through equity protection on about 500.00 each per currency. You will get knocked out a lot like that.

I let it run 15 trades, be after 12 and the drawdown can be up to a very high number per currency. If they all share the pile of cash, they will all use the drawdown usually at different times. However, on a big move, several of them will use it all at once. So, I backtested and came up with a safe amount for all of them to use at any given time + another 40%. That was 500.00 per currency.

So, you see it is more about money management in my opinion. :)

So far so good except gbpnzd! That pair is just plain scary! haha...

gil

The amazing thing is that EURNZD (runs almost identical to gbpnzd) didn't have any drawdown and made money the entire way down on the latest moves, while GBPNZD was in/in/in/in etc..

So, the benefit of doing more currencies with more cash but using penny per pip is that the chances of you getting into a bad trade that wipes you out is lessened.

Gil

Hi Gil,

Thank you for your detailed explanations.

Cuneyt

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.

--------------------------
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

Having a bit of a drawdown on EURAUD. It was on my fringe list of whether I will use it or not along with EURCAD. I have discovered that EURCAD is a bit safer and EURAUD can move! I knew that, and I will wait to see how the latest goes with this run down, but so far, quite a move with no retrace.

Seems like all the AUD pairs are very good trending pairs (lately) with little retrace!

Gil

Something I realized finally about the EURAUD in that it is the perfect trending pair.

GBPNZD is quite good, but it will not stay within an ATR as tight as the EURAUD. When you trade euraud, it is the best of both the eur (which trends very very well) and aud which trends great as well!

However, what happens is that the EUR/USD seems to tie into the market conditions (S&P/DOW) and it will highly correlate with the Australian pairs as AUD pairs always correlate with stock/futures market. However, when they diverge, the EUR/USD works almost opposite of the market and when it does and the AUD correlates with market, then you have a fantastic divergence and an amazing trending pair.

So, if you believe that the EURUSD will correlate with market (which I do in the mid-term, if EUR is to go up anymore), and you believe the market is headed North some, then the EURAUD should range some until the EURUSD and the stock market change their minds.

So, Blessings has taught me while playing with cross pairs that EURAUD is probably the single best pair that I have discovered that would trend the best within a certain ATR (average true range). So, for blessings, that means I should stay far away from it!

Hi,

EURCHF also is good😄

cuneyt