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Most Famous Blessing 3.9.6 EA and Setfiles

  • #541
  • Jan 6, 2019 7:54pm Jan 6, 2019 7:54pm
Quoting cescof
{quote} Thanks for answer but for backtest I'm using tick data suite that are not broker related.. I Wil try some optimization .. Regards
I suggest you stop using tick data. Especially tick data from external sources. It's unnecessary and wrong. I consider it a scam.
Every broker has different data. So how can third-party tick data work at all? Makes no sense.

This also means that posted set files are no good. Don't use them unless you're sure they came from the same broker you are using!
They may work for the poster, but not nearly as well for you.

Tune your EAs to your broker's data or give your money away.

Read your broker's fine print. They reserve the right to modify the data ... and they do. Big time. It's one of the ways they make money.

Also, use EAs that trade on Open Prices Only. Back testing goes much faster when you don't need tick data! And the results are better.

I can optimize Blessing in five to thirty minutes on the 1-hour time frame with Open Prices Only data. With tick data it takes all day.

And OPO data is more reliable, less noisy. It just plain works better and much faster. Tick data sucks.

Stay away from tick data! And EAs that require it. You'll be very glad you did.

Blue skies!
  • #542
  • Edited 12:53am Jan 7, 2019 12:42am | Edited 12:53am
Quoting richard96816
{quote} I suggest you stop using tick data. Especially tick data from external sources. It's unnecessary and wrong. I consider it a scam. Every broker has different data. So how can third-party tick data work at all? Makes no sense. This also means that posted set files are no good. Don't use them unless you're sure they came from the same broker you are using! They may work for the poster, but not nearly as well for you. Tune your EAs to your broker's data or give your money away. Read your broker's fine print. They reserve the right to modify...
Thanks for your kindly suggests i will try with AUDCAD
Regards
  • #543
  • Jan 7, 2019 2:53am Jan 7, 2019 2:53am
If you need more tips on optimizing Blessing let me know. I've done it a few hundred times so far, I think.

I don't understand all the inner workings yet, but optimizing is fairly easy. At least enough to make great profits.

It's an incredibly powerful, flexible system. Use good money management and I think it will treat you well.

I'm thinking about making a video on optimizing just to get more people to stop trying to download set files.

Blue skies!
  • #544
  • Jan 7, 2019 3:09am Jan 7, 2019 3:09am
Quoting richard96816
If you need more tips on optimizing Blessing let me know. I've done it a few hundred times so far, I think. I don't understand all the inner workings yet, but optimizing is fairly easy. At least enough to make great profits. It's an incredibly powerful, flexible system. Use good money management and I think it will treat you well. I'm thinking about making a video on optimizing just to get more people to stop trying to download set files. Blue skies!
Thanks i've started optimitazion using your set file, but with data suite with open price only with AUDCAD 2018 that's quite a good year to test (we had a very extreme situation for this pair this year so i hope cuold be a good time filter to use)
I'll let you know. In the mean time if you find something interisting to test please tell me...
Best regards
And thanks again for effort
  • #545
  • Jan 7, 2019 4:11am Jan 7, 2019 4:11am
I did a quick 2-minute optimization on AUDCAD for fun. One pass using the Blessing-Opt.set file I posted earlier.
It's already tradeable.

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This was on the one hour time-frame. It's quick enough in the higher time-frames to try a few and see which one works best.
Don't expect your optimization to look like mine. As I said earlier, all brokers are different.
This one was at 200:1 leverage. US rules traders won't do quite as well.

Here's one on a US broker that took 1.5 minutes to run. Not enough trades. But I'll put it on Demo and see what happens.

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  • #546
  • Jan 7, 2019 4:51am Jan 7, 2019 4:51am
Quoting richard96816
I did a quick 2-minute optimization on AUDCAD for fun. One pass using the Blessing-Opt.set file I posted earlier. It's already tradeable. {image} {image} This was on the one hour time-frame. It's quick enough in the higher time-frames to try a few and see which one works best. Don't expect your optimization to look like mine. As I said earlier, all brokers are different. This one was at 200:1 leverage. US rules traders won't do quite as well. Here's one on a US broker that took 1.5 minutes to run. Not enough trades. But I'll put it on Demo and see...
Hi. I'm using IC Markets and try to run and optimize with your EA with open price, but when I look results, it doesn't trade whole period, just some days, even I've downloaded history data. And it's like this for all pairs. and I can't optimize if EA can't trade whole period in strategy tester.
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  • #547
  • Jan 7, 2019 5:51am Jan 7, 2019 5:51am
Quoting majamivice
{quote} Hi. I'm using IC Markets and try to run and optimize with your EA with open price, but when I look results, it doesn't trade whole period, just some days, even I've downloaded history data. And it's like this for all pairs. and I can't optimize if EA can't trade whole period in strategy tester. {image} {image}
Try setting your spread to 30. That's 3-pips to MT4.
You won't get many trades at 0.2 pips spread.

Good luck.
  • #548
  • Edited 8:46am Jan 7, 2019 8:35am | Edited 8:46am
Quoting richard96816
I did a quick 2-minute optimization on AUDCAD for fun. One pass using the Blessing-Opt.set file I posted earlier. It's already tradeable. {image} {image} This was on the one hour time-frame. It's quick enough in the higher time-frames to try a few and see which one works best. Don't expect your optimization to look like mine. As I said earlier, all brokers are different. This one was at 200:1 leverage. US rules traders won't do quite as well. Here's one on a US broker that took 1.5 minutes to run. Not enough trades. But I'll put it on Demo and see...
Yes seems many interesting optimization result... Now i've to filter the best one for DD min and try for a long perio 2010-2018...
Regards
And one question.. is there any setting to restart Ea when it stopped for equity sl reached?
Thanks
  • #549
  • Edited 10:55am Jan 7, 2019 10:18am | Edited 10:55am
Quoting richard96816
{quote} Try setting your spread to 30. That's 3-pips to MT4. You won't get many trades at 0.2 pips spread. Good luck.
Hi. It's the same with spread 30. And when I finished optimizing I get from $200 to $1000 but it's just from period 01.10.2018- 19.10.2018 due to stop loss.
  • #550
  • Jan 7, 2019 3:49pm Jan 7, 2019 3:49pm
Quoting majamivice
{quote} Hi. I'm using IC Markets and try to run and optimize with your EA with open price, but when I look results, it doesn't trade whole period, just some days, even I've downloaded history data. And it's like this for all pairs. and I can't optimize if EA can't trade whole period in strategy tester. {image} {image}
I just read your message again. I went to fast last time, I'm sorry.

Don't download data with the MT4 History Center. That's not your brokers data. That data comes from MetaQuotes.

I dug up an old Youtube video you need to watch:

Inserted Video


This guy does lots and lots of videos and he seems to really know what he's talking about. He's often selling his EAs and other products but he provides more valuable information that you can use than anyone else I've seen. Watch his videos! No need to buy his products since we have Blessing. But you might want to buy some anyway to thank him for a great education. He seems like a great guy.

If you go far enough back in his videos you'll see they used to use external tick data. Until they learned that it was a waste of time and simply not as good as your broker's data.

Education yourself. Lots of good videos on Youtube. Search for the answers you need and watch several.

Good luck!
  • #551
  • Jan 7, 2019 4:03pm Jan 7, 2019 4:03pm
Quoting richard96816
{quote} I just read your message again. I went to fast last time, I'm sorry. Don't download data with the MT4 History Center. That's not your brokers data. That data comes from MetaQuotes. I dug up an old Youtube video you need to watch: https://www.youtube.com/watch?v=PyRL4bbck7Q This guy does lots and lots of videos and he seems to really know what he's talking about. He's often selling his EAs and other products but he provides more valuable information that you can use than anyone else I've seen. Watch his videos! No need to buy his...
Yes I realized that it's not my broker's data, that's why I installed new terminal and started to optimize sets. I have 5 of them and should put them on one demo account with PortionPC 20 on each of sets. All of this about not to use MetaQuotes data is new for me, but I will try. Thanks for sugestions.
  • #552
  • Jan 7, 2019 4:11pm Jan 7, 2019 4:11pm
compiling i get an error
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  • #553
  • Jan 7, 2019 4:23pm Jan 7, 2019 4:23pm
Quoting cescof
{quote} Yes seems many interesting optimization result... Now i've to filter the best one for DD min and try for a long perio 2010-2018... Regards And one question.. is there any setting to restart Ea when it stopped for equity sl reached? Thanks
Many interesting points in your message. And here I'm going to give away many 'secrets'.

You can optimize Blessing for best Draw Down. And it's possible to get much better numbers than the default 50%. Much depends on the particular currency and how much money you want to make. Do the best you can, but don't begrudge Blessing it's 50%. I have set files that work great with 20% or less. But not always. Blessing often works best at 40 to 50%. Just don't trade your whole account with it!

Money Management! If you don't know much about it then educate yourself! Go to Youtube and watch videos about 'Forex Money Management'. There are lots of them -- many done by smart people.

Which is better? A slow earning setup that only has a 10% draw down glistening in your eye ... or four different setups (preferably on different currencies) with 40% draw down and much higher earning potential running together each set to use 25% of your account? Check out Blessing's PortionPC parameter. Why do you think it's there? Duh! Do you want to be a trader or a gambler? If you're trading one instance of Blessing with PortionPC set to 100 then you're probably a gambler. Try being a trader instead!

Optimizing over a long period: 2010 to 2018. Why? Yes, Blessing will do an admirable if not amazing job at that. And your EA might run for far longer before it finally fails. Great. But you'll make far less money. Try optimizing ten or twenty currencies over one, two or three months and put the results on Demo for forward-testing and see what you get! The farther you go back in time the more likely the data will be different from today and tomorrow. Less valid. Good to have enough trades in your optimization to be 'statistically significant'.

People are all over the map on the best number for how many trades is enough. Find out for yourself. Backtest then forward test on Demo.

Smaller history, say 3 months, takes much less time to optimize too. So you can do a lot of them instead.

On your last question, just re-optimize or start over. Try a different time-frame. The Opt setfile I posted gets you started. If it doesn't look good after that then try a different time-frame or a different currency.

Finally, I'm not an expert. Take my suggestions with a grain of salt. Learn. Educate yourself. Test a lot! Become your own expert. But find all the time-saving shortcuts you can. There are lots of people doing dumb and wrong things out there. Be a skeptic. Hold on to what works.

Blue skies!
  • #554
  • Jan 7, 2019 4:28pm Jan 7, 2019 4:28pm
Quoting fabio.g
compiling i get an error {image}
Yes, MT4 keeps getting more and more strict.

Change the -1 to 0. You just want to signify failure. A 'bool' only has two acceptable states, 0 and 1. Not -1.

Or change the definition of the function from 'bool' to 'int'.

I'm not an expert at the inner workings of Blessing. Zero works for me.

Good luck!
  • #555
  • Jan 7, 2019 5:04pm Jan 7, 2019 5:04pm
Quoting richard96816
{quote} Many interesting points in your message. And here I'm going to give away many 'secrets'. You can optimize Blessing for best Draw Down. And it's possible to get much better numbers than the default 50%. Much depends on the particular currency and how much money you want to make. Do the best you can, but don't begrudge Blessing it's 50%. I have set files that work great with 20% or less. But not always. Blessing often works best at 40 to 50%. Just don't trade your whole account with it! Money Management! If you don't know much about it then...
Thanks for your precious suggests. I'm always afraid to use Ea and maybe is for this reason i'm looking for something that's is "always" good. I know that's utopia...but i go find best setting able to win in many different market condition. For ex in AUDCAD there are many good setting.. but problem is lways the same with this kind of Ea... avoid entry when price is reasonably near to is max or min... And testing my best setting in demo mode... everything is ok for 2015-2018 but not if i start it in 2013 where one buy entry trade at 1.02 near max value for many years for this pair ...makes Ea failed... So maybe we have to use it always is semi auto mode... but in that case backtest is quite useless...
What you think?
Thanks again
Best regards
  • #556
  • Edited 8:33pm Jan 7, 2019 5:39pm | Edited 8:33pm
Quoting cescof
{quote} Thanks for your precious suggests. I'm always afraid to use Ea and maybe is for this reason i'm looking for something that's is "always" good. I know that's utopia...but i go find best setting able to win in many different market condition. For ex in AUDCAD there are many good setting.. but problem is lways the same with this kind of Ea... avoid entry when price is reasonably near to is max or min... And testing my best setting in demo mode... everything is ok for 2015-2018 but not if i start it in 2013 where one buy entry trade at 1.02...
Be the casino owner. Not the gambler. You'll have some losses. And large gains too if you're methodical.

Don't watch. Trades take days. Look at the results occasionally. Make changes when necessary, but not in the middle of a trade.

Blessing knows much better what it's doing than you do. Let it do it's work. If one instance fails then replace it with another.

Forward testing your good optimizations on Demo is key. Do lots of them. Try everything. It's free. When one shines put it on your live account.
Preferably using a smaller portion of the account.

Blessing seems to work fine with small money. Optimize at $1000, then test with $100 or so. Don't optimize with less than $1000 -- Blessing doesn't do well there. But trading it all the way down to $30 afterwards often works. Test it. Test everything.

Become comfortable with losing in order to win. Expect to lose, knowing the final result will probably be winning over time.

This is risky business. Embrace the risk. Life is too short to do otherwise.

Only trade what you can afford to lose, of course. Don't be reckless. (Yet.)
  • #557
  • Jan 8, 2019 1:28am Jan 8, 2019 1:28am
Quoting richard96816
{quote} Be the casino owner. Not the gambler. You'll have some losses. And large gains too if you're methodical. Don't watch. Trades take days. Look at the results occasionally. Make changes when necessary, but not in the middle of a trade. Blessing knows much better what it's doing than you do. Let it do it's work. If one instance fails then replace it with another. Forward testing your good optimizations on Demo is key. Do lots of them. Try everything. It's free. When one shines put it on your live account. Preferably using a smaller portion of...
Thanks again for your precious suggests.. And a new question... If i want use many different pairs and , as you suggest, use just smal capital per pair, can i use portionPc or what? Thanks
Regards
  • #558
  • Jan 8, 2019 2:08am Jan 8, 2019 2:08am
Quoting richard96816
{quote} Yes, MT4 keeps getting more and more strict. Change the -1 to 0. You just want to signify failure. A 'bool' only has two acceptable states, 0 and 1. Not -1. Or change the definition of the function from 'bool' to 'int'. I'm not an expert at the inner workings of Blessing. Zero works for me. Good luck!
thanks, so i thought but i wanted to check
  • #559
  • Jan 8, 2019 3:13am Jan 8, 2019 3:13am
Quoting cescof
{quote} Thanks again for your precious suggests.. And a new question... If i want use many different pairs and , as you suggest, use just smal capital per pair, can i use portionPc or what? Thanks Regards
Yes, that's what it's there for. PortionPC is set to 100 percent for testing, but I don't think they intended it to be traded that way
unless you have a small account or maybe many accounts.

People reporting trading just one currency with Blessing and making good money until it has a big draw down a couple months later
really don't seem to have a clue. If you have four or more running and one dies every few months you can still end up making
good profits. Doubling your account in a month is not hard with Blessing.

Good luck!
  • #560
  • Jan 8, 2019 4:54am Jan 8, 2019 4:54am
Hey folks,
I'm using Blessings conservatively on USDJPY 1H for past 6 months or so and to be true, I've a hope looking at the past results.
So, thought to put this question...
- What are your top 4 pairs that you trade with Blessings and get good returns?
- Also the timeframe..

Thanks.
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