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'Blessing' EA Modification Wanted 3 replies

Forward testing results of my ea modified from Blessing 3.9.6 18 replies

Blessing EA by ananthhh 12 replies

Are there any famous and successful news traders? 2 replies

Attachments: Most Famous Blessing 3.9.6 EA and Setfiles
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Most Famous Blessing 3.9.6 EA and Setfiles

Quoting inet100
Quoting Jumpher {quote} Can you tell me if the orders that were opened manually are counted in EA Max DD? {quote} If to open new trades with same EA number Blessing will include this trade into basket. That's for Knight Fire is used.

when you use scripts like the one by KnightFire to place orders with the same magic number already opened by Blessing3.9.6,
sometimes the trade management can go wrong. This has to do with the global variables. Some users delete the global variable file thinking that B3 will rewrite the data file but it can lead to disaster, not all the time but often enough that you lose control when trading multiple pairs in same account.

If you want to inject additional orders and let B3 manage them, it would be better to open the additional trade orders in a separate charts with different magic number.
Can get messy if too many pairs are traded.

Blessing3.9.6 has its own internal generation of the magic number using JenkinsHash and is random. You can change this easily to work like in the previous version Blessing2.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • Post #962
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  • Edited Apr 12, 2019 3:22pm Apr 11, 2019 7:38pm | Edited Apr 12, 2019 3:22pm
Quoting emmanuel7788
{quote} when you use scripts like the one by KnightFire to place orders with the same magic number already opened by Blessing3.9.6, sometimes the trade management can go wrong. This has to do with the global variables. Some users delete the global variable file thinking that B3 will rewrite the data file but it can lead to disaster, not all the time but often enough that you lose control when trading multiple pairs in same account. If you want to inject additional orders and let B3 manage them, it would be better to open the additional trade orders...
A possible workaround is to reset Blessing after opening an external trade. When Blessing restarts it checks for all existing trades with it's magic number.

You can reset Blessing by opening Properties and then clicking Okay.

I haven't tried this, but it seems reasonable.

Edit: Also, if you start Blessing with your own magic number setting it will honor that number and use it in all the trades, except perhaps Hedges.

Edit: According to the code Blessing will use your magic number if it's greater than 99. Otherwise it will make one up for you.
Quoting richard96816
{quote} I've always liked shorter timeframes because you get more trades. You get results sooner. Higher timeframes seem like they might hold a pattern longer, but I'm not convinced of that. Higher timeframes do test quicker, which is nice. Regarding low MaxDD numbers, I suggest you don't change them without backtesting. I'm finding that when I tune for say 8% MaxDD that 7% and 9% and even 50% do very poorly.
MaxDD 2% was and is a horrible experience :-)... I've tested 5% and 10% both were ok for some pairs but some pairs don't do well so i wont go live yet... I"m live with XAUUSD, and GBP pairs.

However, the funny part is XAUUSD does fantastic job wth 10%, 5% and 2%

I can't stop myself trading XAUUSD, because its quick earning and XAUUSD always moves in CS pattern but doesn't follow any trend line technical support. it does sometimes may be some part of the world Techincal traders moves XAUUSD with techincal trend line. but mostly XAUSUD doesn't follow any trend line or trend indicator including BB... I'm trading BB manually as well, so usually i get rid of bad trades by setting up BE grid/martingale trades. and start fresh XAUSUD setup.
I got a message
cannot load Expert Blessing

please help...
Quoting SengMangan
I got a message cannot load Expert Blessing please help...
try load another expert advisor and see if you have this same error.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
I just found out that there is a trading blessing. thank you
Quoting SengMangan
I got a message cannot load Expert Blessing please help...
MT4 occasionally loses (deletes) .ex4 files. Try copying a fresh copy in place. That should fix it.
Quoting fareed51
{quote} MaxDD 2% was and is a horrible experience :-)... I've tested 5% and 10% both were ok for some pairs but some pairs don't do well so i wont go live yet... I"m live with XAUUSD, and GBP pairs. However, the funny part is XAUUSD does fantastic job wth 10%, 5% and 2% I can't stop myself trading XAUUSD, because its quick earning and XAUUSD always moves in CS pattern but doesn't follow any trend line technical support. it does sometimes may be some part of the world Techincal traders moves XAUUSD with...
I've had no luck with XAUUSD at all. Must be doing something wrong.

My experience with MaxDDPercent settings below about 10% is they often make Blessing more finicky. Below 5% things get a bit more tricky. Often changing to 4% or 6% after optimizing for 5% will cause mostly losses. Best to check these after optimizing.

Many parameters within Blessing can cause problems if changed without testing.
Quoting richard96816
{quote} I've had no luck with XAUUSD at all. Must be doing something wrong. My experience with MaxDDPercent settings below about 10% is they often make Blessing more finicky. Below 5% things get a bit more tricky. Often changing to 4% or 6% after optimizing for 5% will cause mostly losses. Best to check these after optimizing. Many parameters within Blessing can cause problems if changed without testing.

trading metals XAU and XAG , need a different approach with the grid levels setting.
use dynamic grid levels based on the metal volatility and price.

B3 not able to average up is a slight disadvantage and traders need to think about how to trade average up when the market starts to trend in favour of their trade plan. use the buy sell direction in its parameter as manual input.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
Is there really logic to optimise and test Blessing with set MaxxDD% ?
Let's say testing period 2019/01/01 - current day.
Starting balance 1000.
Test passes with setting MaxDD=10% And max DD 140usd occured at 2019/03/01 when Balance was up to 1500.
Now just by changing testing period start day to 2019/02/01 test with MaxDD=10% will fail because at this time balance will be smaller and 140usd DD will stop EA.
So it's clear sign that strategy is not robust. Just by pure luck backtest passed once but in real life eventually will fail.
Quoting inet100
Is there really logic to optimise and test Blessing with set MaxxDD% ? Let's say testing period 2019/01/01 - current day. Starting balance 1000. Test passes with setting MaxDD=10% And max DD 140usd occured at 2019/03/01 when Balance was up to 1500. Now just by changing testing period start day to 2019/02/01 test with MaxDD=10% will fail because at this time balance will be smaller and 140usd DD will stop EA. So it's clear sign that strategy is not robust. Just by pure luck backtest passed once but in real life eventually will fail.
Good point. That's part of why forward testing is so important.

At least you have smaller losses when MaxDD is minimized.

If losses are small enough you can keep running the same setup into greener trades. Weathering the market disruptions with a better profit profile. Occasional re-optimization can be helpful too, of course.

Like most things in trading it's a trade-off that you adjust to maximum profit over time. As Fareed has pointed out MaxDD is Blessing's overall stop-loss. Blessing achieves its high win ratio by having large stops. Unfortunately, large stops means large losing trades occasionally. We are just trying to wring out a little more profit and minimize the losses -- at a time when the market seems to be a bit more unsettled and harder to predict.

Larger MaxDD means fewer losing trades, but bigger when they happen. Smaller MaxDD means smaller losing trades and the possibility of enduring more of them while still making a profit.
Quoting richard96816
{quote} That's part of why forward testing is so important.
Like I understood you do forward testing by live (demo) trading, right?
Why not simply run in sample/out off sample tests?
Quoting inet100
{quote} Like I understood you do forward testing by live (demo) trading, right? Why not simply run in sample/out off sample tests?
I do sometimes. But demo trading is different. More accurate. More 'real'. The Strategy Tester is not perfect. It's an approximation. It glosses over some things, like spreads. That's why I do a lot of testing and expect only a few winning setups.
Quoting richard96816
{quote} If losses are small enough you can keep running the same setup into greener trades.
Did you get any successful set with multiple MaxDD hits and recovery over longer testing period? All equity curves was posted before are 45 degree steady increase of balance. If it's with set MaxxDD limit, it's just because of over optimisation on in sample data. And it's unrealistic in real trading.
So like you wrote good set should handle losses and recover back to profit.
Any Equity curves of that type?
My example below.
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Quoting richard96816
{quote} I do sometimes. But demo trading is different. More accurate. More 'real'. The Strategy Tester is not perfect. It's an approximation. It glosses over some things, like spreads. That's why I do a lot of testing and expect only a few winning setups.
Sure real trading always will be different. Especially when you compare tests on close price with real trading by tics.
But it takes time. A lot more...
Ah, time.

Yes, it takes time. And things change over time. I don't expect setups to last forever. Some folks like to optimize over years of history. And that does have some validity. You find longer-lasting patterns in the market. But smaller.

I prefer to chase larger, fresher patterns.

Both approaches seem to have large groups of followers.

It might take a lifetime to find out which is actually most profitable. And then everything could change.

You pick one and you use it ...
On the other hand, trading ticks is easily provably a waste of time.

Unless you're doing very, very short term trading.
Quoting richard96816
On the other hand, trading ticks is easily provably a waste of time. Unless you're doing very, very short term trading.
Do you mean you trading demo/real on close price?? When bar can be tens of pips and it can be successful basket close or missed it and DD limit hit.
Quoting inet100
{quote} Do you mean you trading demo/real on close price?? When bar can be tens of pips and it can be successful basket close or missed it and DD limit hit.
Actually on open price. But they are almost the same.

If you add a switch to your EA to only look at the open price of each bar and compare performance with it on and off you will see the difference is usually less than 1%. Test/trading ticks is a total waste of time and money.

Easily proven.

My copy of Blessing has that switch built in. It makes a huge, enormous difference in the amount of time needed for testing.

Tick data often costs money and isn't the same as your brokers data. Old idea. Not a very good idea. Waste of time.

I've tested it again and again and again. It may not be completely intuitive, but it's reality.

MT4 has supported it for a long time ...

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Quoting richard96816
{quote} Actually on open price.{image}
I'm talking about trading real time, not backtesting. Model selection when trading have no impact.
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