I would like share my experience with Blessing 3.9.6.09
This is an EA developed by JTAToday.
It is one of the stable EA around. most difficult thing with this EA is set files.
I have developed few set files for EURUSD, GBPUSD, XAUUSD.
All of them perform well. Good stable returns for anyone who is looking for such.
Caution: Use it according to your own risk appetite. Test it well. Also maintain proper Account Balance. Do not use it on small account balances.
You can use ex4 version. mq4 is uploaded, for anyone who wants to modify. Not sure why one would want to do that.
I have tested on from 01-04-2016 to 30-06-2018
these set files are for these time frames as stated below.
XAUUSD - M5 --- updated v3 reduced spread to 4, and BE to 5.
added - XAUUSD- M5 0.01 lot size set files- just reduced lot size to right size to keep drawdown in control.
Minimum Balance required to trade these pairs is $3000 If you keep it at $5000 even better.
In a year there will be appx about 3-4 times, big drawdowns of about $1000 - $1400 while trading. So be aware of the risks of martingale trade. Withdraw your profits from time to time, once you keep maintaining your minimum balance.
There is equity protection at 50% level. So if you balance is $3000, it would close all trades, if Equity falls below $1500 and EA will stop trading.
If you are able to use the EA, use it. If you have improvements you can suggest. and we can all benefit from it.
Am sharing my experience. So keep it clean on this thread.
I have learned a lot from this Forex Factory with community. Very good community the likes of @rodolfolm, @Stefdek, @mavilakandy, @kashifnawaz, @voldermar227 and many others, who have contributed selflessly to support others in their trade journey.
And am doing the same inspired by those good people.
EJ Set file created by @maikeru
instructions of how to use this EA -- this is pretty simple normal nothing fancy. but for some novice users.
Blessing 3 v3.9.6.09.ex4
Blessing 3 v3.9.6.09.mq4
Test results for 2 yrs.
01-04-2016 through to 01-07-2018
EURUSD- H1 - 01-04-2016 through to 01-07-2018
GBPUSD- H1- 01-04-2016 through to 01-07-2018
XAUUSD - M5 - 01-04-2016 through to 01-07-2018
I am FX newbie who like to test the EA. So far, I tested several given EA without any successful.
The latest one i have tested 7 weeks before it cleaned up the whole port.
Thank you sharing the EA.
I would like to test your EA and give you feed back if you don't mind.
Are the set files in the first post the same as the zip set files in the second post?
i've been trading Blessing for years, it's a great EA. cdsaa can you share any forward testing results, whether live or demo?
Data used is Tick Data Suite.
Am not advocating Blessing. I have shared my work.
Am using all 3 set files in my Live account. Live results, they are in line with my back test results.
Results i have shared are from Tick Data Suite data. variable spread used. Dukascopy data.
Can this EA be used on real account
though plenty of settings are on play..
i usually go with 4 options for entry and see which of the combination of entries worked for the pair.
then array lists for sizing.
these are the main variables i have tried and played with. Once there is life, i tried to improve on the result slowly by changing others.
Blessing set files is a slow process.
I got so tired, that i didnt look at other pairs as yet. am just happy with these 3 pairs.
But, you have to test those set files and take your informed decision whether you want to trade or not.
There are no restrictions on the Blessing, No expiry, no limitations.
It is not an EA, i developed. It is famous EA developed by JTAToday.
Yes but it is closed automatically even on strategy tester.Didnt you conclude this
Quite an interesting EA, thank you very much for sharing
But seeing the backtests, the EURUSD max drawdown was 22.48% and the GBPUSD max drawdown was 59.00%. Those numbers are very high so please advice to not use this EA on small accounts as it will blow them. No less than $1k, preferably more.
thanks for taking time to go through back test files. may be test on your end as well.
on GBPUSD- that is one single instance where it went that high DD on that setting. may be one of the big news event. i tried different settings, but couldnt avoid that instance. So have to monitor such events and close EA on big evens such as brexit. instead of taking chances.
Thank you very much! I'm going to test it! I'll let you know.
If someone can improve GBPUSD, i would love to look at it.
GBPUSD Jan 18th 2017 move of 600 pips is where the drawdown is. and then April 1st week 2017 move of 600+pips movement made that big drawdown.
lets see if someone can make it better. or manually identify such trades, we have to maintain and close them manually.
I once saw a futures trader who created a strategy for himself. He did not share it but he said he created the strategy to kick in after a certain drawdown because it would revert back to the mean. Not sure how well it works over time just thought I would share.
for now option is to have bigger account balance to look at high draw downs.
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