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Most Famous Blessing 3.9.6 EA and Setfiles

  • #281
  • Aug 7, 2018 12:16pm Aug 7, 2018 12:16pm
i installed and run on 5 pairs but position opened only on eurusd and after going in profit 10 pips it added more 5 positions in 12 hours........... you must be upload an video on youtube for newbies like me how to setup or load
  • #282
  • Aug 7, 2018 1:44pm Aug 7, 2018 1:44pm
Quoting wicky3666
i installed and run on 5 pairs but position opened only on eurusd and after going in profit 10 pips it added more 5 positions in 12 hours........... you must be upload an video on youtube for newbies like me how to setup or load
Did you read through all the posts here and understand them? The answers are all in here.
  • #283
  • Aug 7, 2018 2:15pm Aug 7, 2018 2:15pm
Quoting cdsaa
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...
hi cdsaa. why do you recommend for no to use in a small account balances? doesn't it have trailing stop? a good EA must have the trailing stop, doesn't it.
Profit growth tells you the trader ability.
  • #284
  • Aug 7, 2018 2:28pm Aug 7, 2018 2:28pm
Quoting voketexpert
{quote} hi cdsaa. why do you recommend for no to use in a small account balances? doesn't it have trailing stop? a good EA must have the trailing stop, doesn't it.
This is gridding - not for the faint of heart. It can wipe out your account in one day if you are not careful.
  • #285
  • Aug 7, 2018 6:04pm Aug 7, 2018 6:04pm
Hi Maikeru,

Are you by any chance selling yur EA? Is the lots in parameter? with that low drawdown can be scaled up easily with more margin.
  • #286
  • Aug 8, 2018 6:54am Aug 8, 2018 6:54am
Quoting voketexpert
{quote} hi cdsaa. why do you recommend for no to use in a small account balances? doesn't it have trailing stop? a good EA must have the trailing stop, doesn't it.
This EA uses Martingale with Multipliers.

It does have trailing stop, if you want to use.

But the set file, I posted, gives good returns over a period and consistent, lot size (money management) is good.

So the thumb rule is atleast $3000 is needed to trade on the given pairs. You can use that to trade on all pairs, it is ok, but be watchful on big event days - try and switch the EA off.

On Small balances, the grid, doesnt survive after level 6 or 7, which is usually the case. - 100 pip movements. On bigger accounts, it sails through almost 300 pips.
  • #287
  • Aug 8, 2018 8:11am Aug 8, 2018 8:11am
Quoting cdsaa
{quote} This EA uses Martingale with Multipliers. It does have trailing stop, if you want to use. But the set file, I posted, gives good returns over a period and consistent, lot size (money management) is good. So the thumb rule is atleast $3000 is needed to trade on the given pairs. You can use that to trade on all pairs, it is ok, but be watchful on big event days - try and switch the EA off. On Small balances, the grid, doesnt survive after level 6 or 7, which is usually the case. - 100 pip movements. On bigger accounts, it sails through almost...
the profit it promised sounds good. But yeah its still risky with a pretty huge amount of money. after all, i believe its worth to try. thank you.
Profit growth tells you the trader ability.
  • #288
  • Aug 8, 2018 9:49am Aug 8, 2018 9:49am
Quoting voketexpert
{quote} the profit it promised sounds good. But yeah its still risky with a pretty huge amount of money. after all, i believe its worth to try. thank you.
This has been one the promising EA used by few, Setfiles were never shared before.

Now here in open forum, these set files show promise. lets see..
  • #289
  • Aug 8, 2018 10:35am Aug 8, 2018 10:35am
Bro how to use set files and where to copy set files can you guide or upload a video for us to setup all things in a proper way. We must appreciate your work..


best regards for your kind.............
  • #290
  • Aug 8, 2018 11:39am Aug 8, 2018 11:39am
Hi All,

Is this a Martingale system?

Thanks in advance
  • #291
  • Aug 9, 2018 12:21am Aug 9, 2018 12:21am
Quoting Bobby9978
Hi All, Is this a Martingale system? Thanks in advance
yes its grid martingale...
and if you want to make consistent profit in this market then you must learn this scary beast martingale...
cdsaa done well job and spend his time on complex blessing ea to trying helps people without any greed...
well done and thumbs up for cdsaa
  • #292
  • Aug 9, 2018 10:25pm Aug 9, 2018 10:25pm
I have reworked on XU and tamed the drawdown. It is on 2 aspects - making the spread 4 from initial 5. and BE set to 5.

BE 5 means, after level 5, it would look for BE. While breakeven as well i have added 20pips to BE. so it wont be pure BE, we will still make money.grid level i made 12. It does have now low drawdown.

as usual all my testing is on Dukascopy Tick data with variable spread, commission and swaps considered. time period- M5, test period- March 2016 to 6th August 2018.
Attached Image (click to enlarge)
Click to Enlarge Name: xum5_sp4_be5_gh.PNG Size: 41 KB



Attached Image (click to enlarge)
Click to Enlarge Name: xum5_sp4_be5.PNG Size: 46 KB


This i have done after using it on live.
Attached File(s)
File Type: txt B3.9.6.XU_M5_sp4_be5_v3_0.01lot.set.txt   12 KB | 2,054 downloads
  • #293
  • Aug 9, 2018 10:38pm Aug 9, 2018 10:38pm
Though there are too many places to read about how to run EA & set files, few members keep asking this question, For them let me answer.

My request to them - please put some more effort. hard work always pays reward.

Instructions to run the EA & Set files.

1. Copy the EA to data folder - "MQL4\Experts" (if do not know mq4 dont worry jus copy ex4 file).
2. copy set files with extention, .txt to data folder - "MQL4\Presets"
3. rename the set files and remove the extension . txt, if you feel like. it wont make much difference though. (i cant explain how to remove .txt file extension here.)

when you load the EA on demo account or live account.

4. attach EA. it would open settings.
5. click "load" and it would open browse window, and you can browse to the folder and go to presets and open the file you see there. you can load even from txt file.

you are ready to go.

important aspects to remember while running this EA-

Spreads of your brokers. this is done for tight spreads, ECN account and using VPS. this is not for scalping. it doesnt take trades every hour.

PS: if you ask me where to find data folder - this EA is not for you. you need to learn a bit more basics of forex trading and how MT4 platform works. please do your homework and then come back.
  • #294
  • Aug 10, 2018 2:28am Aug 10, 2018 2:28am
When doing back testing.

Results will depend on what data you are using. This EA is not suitable for Fixed Spread testing.

What data are you using. Normal data is unreliable. Please try for 99.9% data. so that you improve on your historical data. Fixed spread is not a solution.

Martingale positions are not opened in volatile market. if you used fixed then, it opens on high volatile market, and quickly you are on bad draw down. even on spikes of 2000 points (200pips), when it moves against you, it doesnt open as spread will be high. but if you use fixed spread, it will open almost 9 levels, and you will have huge draw down, ready for kill.

This works only on variable spread based testing. Fixed spread, this EA is not suited for.

Better run it on demo and see it working for 1 month to get your confidence.

Regards
  • #295
  • Aug 13, 2018 10:49pm Aug 13, 2018 10:49pm
Hi All,

First of all, thank you cdsaa for the setfiles. I am running blessing ea with 3 of your setfiles starting this month on cent account ($30 = 3,000 unit). Unfortunately i cannot link my fbs cent account to fxfactory monitoring system. It doesn't trade often for EU and GU and it doesn't trade at all for XU (all 3 paris have spread lower than 5 pips in live cent account). anyway, at the moment its too soon to give any meaningful feed back, but i will keep updating the forward testing result.



Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 41 KB
  • #296
  • Aug 14, 2018 1:30pm Aug 14, 2018 1:30pm
Quoting Todsakan
Hi All, First of all, thank you cdsaa for the setfiles. I am running blessing ea with 3 of your setfiles starting this month on cent account ($30 = 3,000 unit). Unfortunately i cannot link my fbs cent account to fxfactory monitoring system. It doesn't trade often for EU and GU and it doesn't trade at all for XU (all 3 paris have spread lower than 5 pips in live cent account). anyway, at the moment its too soon to give any meaningful feed back, but i will keep updating the forward testing result. {image}
Check your average spread and make Maxspread setting on ea on xu, it will open trades.
  • #297
  • Aug 16, 2018 10:25pm Aug 16, 2018 10:25pm
How is everyone trade going on Live.

Mine is good. Aftr that NFP/London rate increase, all recovered and good.

Please post your feedback.

Common questions people asking-

XAUUSD- no trades taking- please adjust your MaxSpread- check your average spread and use that as your max spread.

on EU & GU it is about 0.5% to 1 % per month. Not too high but very good trades, it is picking.

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 40 KB


Slowly people using it on Demo & Live are increasing. 46% to non users 49% not bad.
  • #298
  • Aug 17, 2018 12:44am Aug 17, 2018 12:44am
Hi,
Please see attached forward test report for one month.
It has survived severe fluctuations last month and gained very attractive profit.
For my $3000 account, even after considering the floating loss, the net profit is $ 400 for one month (160% annualized).
Also note that $3000 account is sufficient enough for 12 pairs that I am using now.
Attached File(s)
File Type: pdf Statement of one month.pdf   274 KB | 2,679 downloads
  • #299
  • Aug 17, 2018 12:46am Aug 17, 2018 12:46am
Quoting mavilakandy
Hi, Please see attached forward test report for one month. It has survived severe fluctuations last month and gained very attractive profit. For my $3000 account, even after considering the floating loss, the net profit is $ 400 for one month (160% annualized). Also note that $3000 account is sufficient enough for 12 pairs that I am using now. {image}
beautiful. it looks very nice mavilakandy.
  • #300
  • Aug 17, 2018 2:19am Aug 17, 2018 2:19am
Quoting mavilakandy
Hi, Please see attached forward test report for one month. It has survived severe fluctuations last month and gained very attractive profit. For my $3000 account, even after considering the floating loss, the net profit is $ 400 for one month (160% annualized). Also note that $3000 account is sufficient enough for 12 pairs that I am using now. {image}

Good! is it the 5mins set file you are using?
i have tried to start trades with a trend, now i prefer to follow the trend
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