Most Famous Blessing 3.9.6 EA and Setfiles | Page 70 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

EUR/USD, GBP/USD, Gold/USD

Similar Threads

Can anyone convert the Blessing 3 v3.9.6.09 into MT5? 10 replies

Blessing Multipair EA 453 replies

Blessing EA by ananthhh 13 replies

'Blessing' EA Modification Wanted 3 replies

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

Attachments: Most Famous Blessing 3.9.6 EA and Setfiles
Exit Attachments

Most Famous Blessing 3.9.6 EA and Setfiles

  • #1,381
  • Nov 22, 2019 2:35am Nov 22, 2019 2:35am
Quoting xstock
Thank you @ Richard96816 for your dedication to BL. I would like to ask: Blessing.x.x.11 version and Blessing.x.x.12 version differ only in MinMarginPercent feature, right? I uploaded Blessing.x.x.11 and Blessing.x.x.12 versions to my VPS but it is not working. But Blessing.x.x.10 version still works normally. I use Mt4. Can you help me with this problem? Thank you very much!
If all I'm given is 'it is not working' then I can't help.
  • #1,382
  • Nov 22, 2019 2:42am Nov 22, 2019 2:42am
Quoting richard96816
{quote} If all I'm given is 'it is not working' then I can't help.
Thanks for your effort i'm trying many of your setting but no any seems good bi my side...
I 'll check again
Best regards
  • #1,383
  • Nov 22, 2019 3:05pm Nov 22, 2019 3:05pm
Hint: If you want to know how Blessing works ... test it.

Put in various numbers and see how things change.

Strategy Tester is your friend. Use it.
  • #1,384
  • Nov 22, 2019 4:13pm Nov 22, 2019 4:13pm
Here's an article that talks about the differences in price between brokers ...

http://https://vantagepointtrading.c...t-performance/

It suggests that differences of 20% are likely to show up on lower time frames. I find that lower time-frames tend to be the most profitable!

So: Don't use third party data.
  • #1,385
  • Nov 22, 2019 6:46pm Nov 22, 2019 6:46pm
Reading article:

MARTINGALE AS THE BASIS FOR A LONG-TERM TRADING STRATEGY

https://www.mql5.com/en/articles/5269

Learn it, know it and apply it when you want to trade with Blessing 3. You as the trader has to be the one who has to take control and not the expert advisor. Important thing is to decide the amount of money you want to risk trading one pair and when you would cut-losses short.

*Blessing 3 does averaging down but it does not double the position size along the grid.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,386
  • Nov 22, 2019 7:02pm Nov 22, 2019 7:02pm
Quoting emmanuel7788
Reading article: MARTINGALE AS THE BASIS FOR A LONG-TERM TRADING STRATEGY https://www.mql5.com/en/articles/5269 Learn it, know it and apply it when you want to trade with Blessing 3. You as the trader has to be the one who has to take control and not the expert advisor. Important thing is to decide the amount of money you want to risk trading one pair and when you would cut-losses short. *Blessing 3 does averaging down but it does not double the position size along the grid.
Many folks, including the manual suggest that Blessing employs the Martingale strategy. IT DOES NOT!

Martingale is a much discredited betting strategy from the 1800's that dictates doubling your bet on each loss. Which of course will swallow the largest account in short order.

Blessing NEVER DOES THAT. You can't even adjust it to do that.

It's an idiotic strategy, and Blessing does not and never did that.

https://en.wikipedia.org/wiki/Martin...ability_theory)
  • #1,387
  • Nov 22, 2019 7:09pm Nov 22, 2019 7:09pm
Quoting richard96816
{quote} Many folks, including the manual suggest that Blessing employs the Martingale strategy. IT DOES NOT! Martingale is a much discredited betting strategy from the 1800's that dictates doubling your bet on each loss. Which of course will swallow the largest account in short order. Blessing NEVER DOES THAT. You can't even adjust it to do that. It's an idiotic strategy, and Blessing does not and never did that. https://en.wikipedia.org/wiki/Martin...ability_theory)

yes, Richard is correct.

Blessing 3 does not do the classical Martingale which is doubling the next trade after one loss.

<quote>
Basics of the classical martingale strategy
According to the classical martingale system, the next deal volume should be doubled if the previous ones was closed with a loss. In this case, the profit of the double-volume deal can cover the previous loss. The system is based on the idea that you should finally get lucky. Even if the market does not reverse to take the desired direction, you can benefit from a correction. From this point of view, this should work according to the theory of probability.

In this form, martingale can be combined with any trading system. For example, in level based trading you can open a double-volume deal after having a losing trade. Moreover, since Take Profit in level trading is normally three or more times larger than Stop Loss, you don't have to increase the deal volume after each loss. This can be done after two or three losses, or the deal volume can be multiplied by 1.1 or any preferred value rather than doubling it. The main idea is that the resulting profit should fully cover the preceding losing chain.
The martingale can also be used for increasing position volume in parts. First, we open a small volume position. If the price goes in the opposite direction, we open one or several more positions with the remaining volume and thus we get a lower average price.
As for position holding, martingale provides additional opening of a position with the same or increased volume in the same direction, if the market moves opposite to your initial position. This type of martingale will be discussed in this article.
For example, if you open a long position and the market starts falling, then you do not close this position, but open another long one - this time the position is opened at a better price. If the market continues falling, another long position can be opened at a new better price. Continue opening positions until the price turns in the right direction or until you reach a certain maximum number of positions.
According to the classical martingale technique, each new position should be opened with a double volume. But this is not necessary. If you use double volume, you can achieve the total profit of all positions faster, provided that the price started moving in the favorable direction. In this case, you do not have to wait until the price reaches your first open position in order to have the profit. So, losses on all positions can be covered even if there is price correction, without the full reversal.
Also, you can keep the previously opened position open or close it. However, if you decide to close it, the new position must necessarily have an increased volume.
<>
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,388
  • Nov 22, 2019 8:03pm Nov 22, 2019 8:03pm
mine is not XAUUSD...it says GOLD#..does this matter?will this EA settings work with mine?its dashboard cannot show broker time..does it mean it was not able to connect?
  • #1,389
  • Nov 23, 2019 3:31pm Nov 23, 2019 3:31pm
Quoting po1yap
mine is not XAUUSD...it says GOLD#..does this matter?will this EA settings work with mine?its dashboard cannot show broker time..does it mean it was not able to connect?
MT4 shows connection status at the bottom right of the main window.

If there's trouble then check the Journal tab to see if there are error reports. Most times the solution is right there.

Checking the Journal tab periodically is good practice.
  • #1,390
  • Nov 23, 2019 4:53pm Nov 23, 2019 4:53pm
Quoting richard96816
{quote} MT4 shows connection status at the bottom right of the main window. If there's trouble then check the Journal tab to see if there are error reports. Most times the solution is right there. Checking the Journal tab periodically is good practice.
Thanks richard..ill take a look at it.
  • #1,391
  • Nov 23, 2019 10:26pm Nov 23, 2019 10:26pm
For the rare person that is actually optimizing Blessing I thought I'd mention that I do most of my optimizations with the balance set to $1000. If you're target account is smaller than that you might get a nasty surprise if you set the Strategy Tester balance too low.

I suggest testing with $1000 and using PotionPC from 1 to 100 and see how clean your results are at various levels. Blessing is a little quirky in some ways. When I've set balance to $300 or $500 and gotten what appeared to be a good optimization it didn't always pan out at higher balances.

When I changed the balance to say $10,000 and checked the results the equity curve crashed and burned.

I haven't seen a problem starting at $1K, but it couldn't hurt to run a pass to see how things look with a larger balance. This may be less of a problem than it seems, since it's probably best to re-optimize ever few months, and an account isn't likely to grow quite that quickly. Probably better to be safe though and check ...

Perhaps that's the advantage to optimizing over years of history. :-) (There surely must be one somewhere. Maybe?)

Good luck!
  • #1,392
  • Nov 24, 2019 2:42am Nov 24, 2019 2:42am
Quoting richard96816
For the rare person that is actually optimizing Blessing I thought I'd mention that I do most of my optimizations with the balance set to $1000. If you're target account is smaller than that you might get a nasty surprise if you set the Strategy Tester balance too low. I suggest testing with $1000 and using PotionPC from 1 to 100 and see how clean your results are at various levels. Blessing is a little quirky in some ways. When I've set balance to $300 or $500 and gotten what appeared to be a good optimization it didn't always pan out at higher...
Ok but why???
look at my screenshot ....same backtest one with balance set to 3000 and same with balnce set to 1.000
Attached Image (click to enlarge)
Click to Enlarge Name: TesterGraph.gif Size: 13 KB

Attached Image (click to enlarge)
Click to Enlarge Name: TesterGraph1.gif Size: 13 KB


Non sense.... how to believe in backtest if we have this huge differences?
I've the set posted that seems ok for 2014-2019, but if change start balance gives so different result it's difficult think to go live...
What do you think about it? What's wrong?
Thanks
Regards
  • #1,393
  • Nov 24, 2019 2:52am Nov 24, 2019 2:52am
Quoting richard96816
Here's an article that talks about the differences in price between brokers ... http:// https://vantagepointtrading....t-performance/ It suggests that differences of 20% are likely to show up on lower time frames. I find that lower time-frames tend to be the most profitable! So: Don't use third party data.
link doesn't work
  • #1,394
  • Nov 24, 2019 11:14am Nov 24, 2019 11:14am
Hello,
after testing the version 3.9.6.12 - i found 2 bugs :
1. the holidays function did not work correctly - the date is showing wrong and the EA did not stop during the holidays.
2. the trend indication ( the last line with bigger letters ) dont show the correct trend.

with the version 3.9.6.10 and 3.9.6.11 its the same.

perhaps its possible to fix it.

So far the EA works great for me - much thx
  • #1,395
  • Nov 24, 2019 11:59am Nov 24, 2019 11:59am
Quoting fabio.g
{quote} link doesn't work
Sorry, that one had an extra http in front for some reason ...

https://vantagepointtrading.com/diff...t-performance/
  • #1,396
  • Nov 24, 2019 12:43pm Nov 24, 2019 12:43pm
Quoting cescof
{quote} Ok but why??? look at my screenshot ....same backtest one with balance set to 3000 and same with balnce set to 1.000 {image} {image} Non sense.... how to believe in backtest if we have this huge differences? I've the set posted that seems ok for 2014-2019, but if change start balance gives so different result it's difficult think to go live... What do you think about it? What's wrong? Thanks Regards
It's a quirk of Blessing's money management, I think. I may look into fixing it at some point, if I can figure it out.

For now I'm just using it to make money ... with care.

Money management routines on grid trading systems are somewhat tricky, I guess.


Edit: Changing to smaller balances after optimizing is bound to be problematic.
  • #1,397
  • Nov 24, 2019 1:14pm Nov 24, 2019 1:14pm
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 is this EA still good to use...
  • #1,398
  • Nov 24, 2019 5:45pm Nov 24, 2019 5:45pm
Quoting tyremalik
{quote} Hi is this EA still good to use...
I think it is. But the newer ones have distinct advantages.

The EnableOncePerBar feature is hugely important in my opinion. It speeds up and cleans up optimization immensely. It allows you to use Strategy Tester's Open prices only option and forget about slow, slow Every tick mode. (I added that option after building quite a few of my own EAs and learning how important it is. Watch for newer EAs being sold and see how many work explicitly with Open prices only.)

I've been using Blessing_3_v3.9.6.11 and 12 a lot lately. And I'm trading them almost exclusively right now. I've done hundreds of Blessing back tests and keep learning more about what works. Being able to back test more quickly has made a whole lot of difference.

I've also been looking at some amazing EAs that trade lots of pairs simultaneously. Very impressive. But they don't work with back testing at all so far. They're built on the knowledge of a number of experienced manual traders, which is good. But I think back testing can do better.

I'm hoping to make multiple Blessing instances on different pairs work better as a concerted team, increasing profits and reducing risks.

If you don't mind learning how to back test then I would suggest giving Blessing_3_v3.9.6.12 a try. I will try to write a better description of how to back test it soon. If you're not interested in doing your own back testing then Blessing may not be the best choice for you. Posted set files from brokers different from yours aren't likely to perform very well.

I've learned that the M1, M5 and M15 timeframes are usually the most profitable (at least in back testing.) And those are the least able to produce set files that work well between brokers.

Good luck!
  • #1,399
  • Nov 24, 2019 7:22pm Nov 24, 2019 7:22pm
Quoting cescof
{quote} Ok but why??? look at my screenshot ....same backtest one with balance set to 3000 and same with balnce set to 1.000 {image} {image} Non sense.... how to believe in backtest if we have this huge differences? I've the set posted that seems ok for 2014-2019, but if change start balance gives so different result it's difficult think to go live... What do you think about it? What's wrong? Thanks Regards

what is the LAF Lot Adjustment Factor used in both cases?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #1,400
  • Nov 25, 2019 12:16am Nov 25, 2019 12:16am
Quoting richard96816
{quote} Blessing_3_v3.9.6.12...Good luck!

Could you post the EA-version of Blessing_3_v3.9.6.12?
3 traders viewing now