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Blessing EA

Started by peterc005, Jun 21, 2010, 09:49 am

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forexforever

hi richdad,

the only problem i have with the set files is they cant survive a 10 year backtest. actually they might but since there is a limit of 10 trades in the sequence at one point it goes into DD and stays there for 3 years. all my tests have been to find a practial solution for 10 years with 15 trades that dont stay in DD for more than a few months. i have got usd/jpy and gbp/usd done so far, struggling with eur/usd.

i will start a demo with my settings on those 2 pairs and add the other if and when i find dettings i like.


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    richdad711


    hi richdad,

    the only problem i have with the set files is they cant survive a 10 year backtest. actually they might but since there is a limit of 10 trades in the sequence at one point it goes into DD and stays there for 3 years. all my tests have been to find a practial solution for 10 years with 15 trades that dont stay in DD for more than a few months. i have got usd/jpy and gbp/usd done so far, struggling with eur/usd.

    i will start a demo with my settings on those 2 pairs and add the other if and when i find dettings i like.


    since you are running on demo, do include EURUSD. for the last 2 weeks, i have a total of 15 trades of which 3 got stopped out (dynamic SL)


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      forexforever

      richdad hows your blessing EA treating you? i have got a few more pairs on my demo now, its a slower earner for me, but i hope i have the slow but steady and safe account growth. in a week its made 448 and its at its biggest DD with -1200. i designed this to trade on a 40,000 account iming for around 50% growth per year. So far its on track with 450 per week x 52 = 23,400. lets see if its continues and doesnt DD to much.


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        richdad711

        currently, i have a DD of just 74 on 1000 account and was stopped out recently on AUDNZD

        here's my stats, http://www.mt4i.com/users/richdadb3v376/stats

        it's been a month and seems like a green light to me to go live with b3.


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          saboteur

          If you are running on a fairly small account even with small lot sizes it seems to completely tank after a while?  I guess this is Martingale probability biting back?


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            Leviathan

            That's my experience. The martingale makes this EA a ticking timebomb. I want so desperately to love the EA, but every time I run it, the account blows up within just a couple of months. Without a huge captial amount (think 5 - 10k per pair) and very low risk/reward, it's just too scary. Plus the long DD periods it gets into..I dunno. I just can't bring myself to use it live.


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              saboteur

              Same thinking as me.  It's such a shame because the thing makes so much coin so quickly, but you would wake up one morning to find your account has been absolutely slashed! :-[

              If you knew you would get 100% return before it bombed you could then take out your initial equity and let it run wild, but it's just way too risky.


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                Hansen

                well...just replying to an old post here - not really much more risky than many commercial systems that use martingale. ::)

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                  MOVED: looks good--lets discuss friends--Blessing 3

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                  by fmonera
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