Most Famous Blessing 3.9.6 EA and Setfiles | Page 91 | 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

  • #1,801
  • May 31, 2020 10:36pm May 31, 2020 10:36pm
Quoting peretz777
@richard96816 do you mind if I ask what monthly percentage gains and DD you're seeing on different pairs after optimisation?
Way too many setups and pairs to mention. And way too many wild market swings.

When the pandemic hit I was going great for a while, actually better than ever. Then as things progressed results really slowed down. Not a good time to measure performance.

I still don't know enough to select one pair over another, other than recent upheavals and volatility measures. The data you optimize for is not the data you will be trading. Diversify, try and try again ...

People tend to forget that the market is random. EAs like Blessing are not adaptive enough to do well in all situations. I've not seen any that are. When your broker says that 75% of traders lose, that applies to just about all EAs too. Yes, a big chunk of the remaining 25% are using the same EAs. But they tend to be luckier, smarter, more careful or a combination of those attributes. (Careful is the easiest to emulate.)

Anything can happen in the market, the recent past is a solid reminder.

Blessing itself is fairly complex and adjustable to a wide range of conditions and trader preferences. Asking for performance figures without knowing risk preferences and trading style won't provide you with much useful information.

I've traded without stops and had very impressive results. During Covid the tables are turned and stops are much more necessary, and gains are lessened.

Strategy Tester is probably a better source of answers. Optimize over one chunk of history and see how it fairs over another. Repeat.
  • #1,802
  • Jun 1, 2020 6:26am Jun 1, 2020 6:26am
Quote
People tend to forget that the market is random. EAs like Blessing are not adaptive enough to do well in all situations. I've not seen any that are.

Exactly.
Forex market is random most of the time and other times 'on stress' due to news or a certain sudden event. Many people think of it as 'trend'.
In all cases, Forex trading usually seems like a gamble. I know no one here will admit it. Probably now a lot of reactions come for all kinds of reasons that it is not so and that I do not understand it at all and things like that ...

I have read dozens of scientific studies on all kinds of strategies in Forex, developed EA for each of them and even let some run on demo for a while. I have developed over forty EA's for trend following, counter trend, support and resistant, candle stick patterns, Grid, averaging and martingale and even developed some mix of those. I even tested some in live for a while. Ultimately all eventually without persistent success. An EA that yields an average of 3 percent per year is fairly easy to make. If you want more, you start gambling more. Depending on how lucky you are, sooner or later you will lose it to the Forex market.

Anyway, I think any strategy based on 'entry' won't last long in Forex. A strategy mainly based on on money management would probably have more chance of survive this Forex madness. Assume the next moment after you placed an order, the market goes the other way. Start from there. And forget high percentage of profit per month. You might get that for a few months, but then you give everything back.

As far as I can see, this Blessing is actually a grid system with entries based on one or more indicators. In my opinion these are two contradictory concepts and a mix of them has an adverse effect.
  • #1,803
  • Jun 1, 2020 7:55am Jun 1, 2020 7:55am
Quoting richard96816
{quote} Way too many setups and pairs to mention. And way too many wild market swings....
Thanks for your reply. I understand the market volatility and difference styles, etc. However from reading this thread it seems that you could likely have the most experience with it, I see you have even contributed to its evolution. I am wondering what it is capable of in the hands of someone who knows it so well and you seemed the right person to ask. I'm planning to give it a closer look and do my own testing, but it never hurts to ask what the experienced users are getting first.

The current season of increased volatility has only been a couple of months. How long have you been using it for? Surely you have at least decent average monthly returns else you wouldn't still be using it?
  • #1,804
  • Jun 1, 2020 1:53pm Jun 1, 2020 1:53pm
Quoting cyberdude3
Exactly. Forex market is random most of the time and other times 'on stress' due to news or a certain sudden event. Many people think of it as 'trend'. In all cases, Forex trading usually seems like a gamble. I know no one here will admit it. Probably now a lot of reactions come for all kinds of reasons that it is not so and that I do not understand it at all and things like that ...
The best comment in this forum I read until now.
As I stated in another thread: if there was a formula (or EA to be programmed) that really works stand-alone forever, then thousands of Russian, Indian, Israeli mathematic cracks would have found that holy grail...
  • #1,805
  • Jun 1, 2020 1:55pm Jun 1, 2020 1:55pm
Quoting cyberdude3
{quote} Exactly. Forex market is random most of the time and other times 'on stress' due to news or a certain sudden event. Many people think of it as 'trend'. In all cases, Forex trading usually seems like a gamble. I know no one here will admit it. Probably now a lot of reactions come for all kinds of reasons that it is not so and that I do not understand it at all and things like that ... I have read dozens of scientific studies on all kinds of strategies in Forex, developed EA for each of them and even let some run on demo for a while. I have...
Hi cyberdude3! Thanks for sharing your opinion, but in the end, I got lost.
If indicator based entries are not compatible with grid systems, then on what basis would the EA make the entry?
If the grid system is to recover when the market moves against you, then it doesn't matter how you make the entry, as the grid system would work as it should. In fact, as it says in the manual, the 1st entry is a flip of a coin. You can configure Blessing to place a buy order if the price is above the SMA50 or sell if it is below, simple as that
  • #1,806
  • Jun 1, 2020 1:58pm Jun 1, 2020 1:58pm
Quoting ursinho4711
{quote} The best comment in this forum I read until now. As I stated in another thread: if there was a formula (or EA to be programmed) that really works stand-alone forever, then thousands of Russian, Indian, Israeli mathematic cracks would have found that holy grail...
Hi ursinho4711

Mathematically speaking, Forex's spread is like zero in a casino's roulette, it always gives the house an edge!
  • #1,807
  • Jun 1, 2020 2:09pm Jun 1, 2020 2:09pm
I will hire a service to convert Blessing 3 v3.9.6.09 to MQL5. Any ideas on that?
Who is interested in participating?
I'm not going to sell anything, obviously! Blessing is ours, but if I pay to convert it, it is fair to share the expense...
Whether you want to help or not, the ex5 will always be shared here, free of any obstacles to its use. What do you think of the idea?
Thank you.
  • #1,808
  • Jun 1, 2020 3:46pm Jun 1, 2020 3:46pm
I am interested in participating.
  • #1,809
  • Jun 1, 2020 4:03pm Jun 1, 2020 4:03pm
Quoting euphorbia
I am interested in participating.
Hi euphorbia!
Thank you for your interest
We will wait to see the opinion of more members. After that, I still have to follow the work and test. After that, if all goes well, I will post an ex5 copy here, as promised, for testing and giving feedback. If everything is ok, we split the cost of the conversion.
  • #1,810
  • Jun 1, 2020 8:06pm Jun 1, 2020 8:06pm
Quoting Gonzalez74
I will hire a service to convert Blessing 3 v3.9.6.09 to MQL5. Any ideas on that? Who is interested in participating? I'm not going to sell anything, obviously! Blessing is ours, but if I pay to convert it, it is fair to share the expense... Whether you want to help or not, the ex5 will always be shared here, free of any obstacles to its use. What do you think of the idea? Thank you.
If you are willing to use .15 instead of .09 then I am very interested.

.09 is old and buggy, and missing a number of hugely important upgrades.

I've spent some hours playing with the MQL5 migration once again over the last couple days. It's very messy. If you find someone with a good understanding of both platforms that could be very helpful. They are similar platforms, yet very different in key and hidden ways.
  • #1,811
  • Jun 1, 2020 8:37pm Jun 1, 2020 8:37pm
Quoting richard96816
{quote} If you are willing to use .15 instead of .09 then I am very interested. .09 is old and buggy, and missing a number of hugely important upgrades. I've spent some hours playing with the MQL5 migration once again over the last couple days. It's very messy. If you find someone with a good understanding of both platforms that could be very helpful. They are similar platforms, yet very different in key and hidden ways.
I would be interested, will make optimization faster. have you considered MQL Freelance https://www.mql5.com/de/job
  • #1,812
  • Edited Jun 2, 2020 12:04am Jun 1, 2020 8:45pm | Edited Jun 2, 2020 12:04am
I've written quite a few EAs of various sorts myself.

The magic of grid systems still amazes me. Blessing is a wonderful, though messy EA that will let you construct all kinds of systems just by changing parameters.

It's common for folks to try Blessing and fail. It's configurable in so many ways. And it can optimize to great profits while making ever riskier systems. It will even trade single lots effectively for those that have been made afraid of grids.

Blessing can be finicky. Small changes can bring greater risks quickly. I prefer to turn off Money Management, for instance, since small changes there can make things less profitable. By the time your account grows enough for money management to help you're probably better off re-optimizing again anyway.

People talk about an EA's performance over a years time. Unfortunately that suggests you might set it up at the beginning of the year and stand back and watch. If you're okay with 3% returns that's possible. If you prefer 25% or 50% returns you have to re-optimize regularly. Especially when the whole world shuts down for a pandemic!

When you learn how to trade manually and start getting better you learn how to add to your trades. You start with a smaller trade, once it's sufficiently profitable you use that accrued profit to place another along the way, and perhaps another after that. Each trade provides some security and protection for opening subsequent trades.

That's what grid trading can be! A safe, effective and automated way of maximizing profits.

For starters set Mutiplier to 1 and MaxTrades to 4 or 5 and optimize around that. You can get a succession of trades: 0.01, 0.02, 0.03, etc. The second and subsequent level trades each larger than the previous. For US traders this is especially important because it means you can turn off UseFIFO! Grid trading and FIFO don't always mix. Hell, trading and FIFO don't mix well either.

The upper level trades are only taken when the market allows.

A well tuned grid system is nothing to fear. It can be better and safer than the alternatives. And you can compare them on Blessing just by setting MaxTrades to 1, to disable grid trading.

Oh, and don't forget to set UseStopLoss to true and tune for it. There is more potential profit with it off, but the risk is much greater.

Blessing has taken a collection of standard tools and thrown them together in a very powerful way. But you really need to learn to optimize it if you are serious about using it.

Also, please disregard folks referring to Blessing as a Martingale system, even the manual says that. Blessing is NOT Martingale. Martingale is nonsense. A completely disproven betting system from the 1800's. Martingale is garbage. Blessing is not Martingale. I think some of the fear over grid systems is a connection with Martingale, which is definitely something to fear.
  • #1,813
  • Jun 2, 2020 12:18am Jun 2, 2020 12:18am
Quoting jado911
{quote} I would be interested, will make optimization faster. have you considered MQL Freelance https://www.mql5.com/de/job
Yes it should speed up optimization some, and make it better in various ways. Possibly a lot better.

Of course, as I've shown many times in this list .15 is way faster than .09. That was the first upgrade. That's what made it usable in my opinion. .09 is so slow it's painful.

MT4 only uses one of your computer's processors for optimization. MT5 will use them all, or more. My machine has 12 processors and is much faster with MT5. But its better handling of spreads and other issues could improve profitability.

I have considered freelance. Just not sure what might result or how expensive that might be. MT5 seems to be designed to be difficult, with a zillion odd and unnecessary differences. Since I don't think MetaQuotes ever provided a library for conversion I get the distinct impression they did all this on purpose. Why I don't know.
  • #1,814
  • Jun 2, 2020 2:04am Jun 2, 2020 2:04am
Quoting richard96816
I've written quite a few EAs of various sorts myself. The magic of grid systems still amazes me. Blessing is a wonderful, though messy EA that will let you construct all kinds of systems just by changing parameters. It's common for folks to try Blessing and fail. It's configurable in so many ways. And it can optimize to great profits while making ever riskier systems. It will even trade single lots effectively for those that have been made afraid of grids. Blessing can be finicky. Small changes can bring greater risks quickly. I prefer to turn off...
Hi Richard ! Which Tool or Indicator should we use for Trend , Because without trend, blessing starts hedging until account blow out. Maybe you experiencing that, a fruitful advice will be appreciated.. Also can you share Blessing set files which enabled stop loss and give good result?
Thanks,
  • #1,815
  • Jun 2, 2020 6:11am Jun 2, 2020 6:11am
Quoting richard96816
{quote} Yes it should speed up optimization some, and make it better in various ways. Possibly a lot better. Of course, as I've shown many times in this list .15 is way faster than .09. That was the first upgrade. That's what made it usable in my opinion. .09 is so slow it's painful. MT4 only uses one of your computer's processors for optimization. MT5 will use them all, or more. My machine has 12 processors and is much faster with MT5. But its better handling of spreads and other issues could improve profitability. I have considered freelance....
Hi!

I already talked to the developer today to convert version 3.9.6.15, instead of .09
Yes, it is a little expensive! (For now, it is 200.00 euros). But I think I'm going to take that risk... As soon as he has a Demo, the developer says that he makes an *.ex5 available for use, for us to try.
As soon as I have news I'll let you know.
Thank you.
  • #1,816
  • Jun 2, 2020 6:56am Jun 2, 2020 6:56am
Quick Update:

They are going to convert 3.9.6.15 version and fix the overlay lines
  • #1,817
  • Jun 2, 2020 10:02am Jun 2, 2020 10:02am
Quoting richard96816
{quote}...They are similar platforms, yet very different in key and hidden ways.
Yes, the developer reported that at least the part of the orders will have to be redone, as the MQL5 code is slightly different in this part.
Let's see how it goes. Thank you.
  • #1,818
  • Jun 2, 2020 10:12pm Jun 2, 2020 10:12pm
Quoting Gonzalez74
{quote} Hi! I already talked to the developer today to convert version 3.9.6.15, instead of .09 Yes, it is a little expensive! (For now, it is 200.00 euros). But I think I'm going to take that risk... As soon as he has a Demo, the developer says that he makes an *.ex5 available for use, for us to try. As soon as I have news I'll let you know. Thank you.
Hopefully the final product will be an .mq5.

Source code is necessary. As a long-time Systems Analyst I've always required it of my contractors.

No black boxes. No libraries without source either, if possible.

Testing will be a big job.
  • #1,819
  • Jun 2, 2020 11:57pm Jun 2, 2020 11:57pm
Here's a recent setup that's working quite nicely so far.

Attached File(s)
File Type: txt 200530-euraud-m5-CL.set.txt   12 KB | 408 downloads

Attached File(s)
File Type: pdf 200530-euraud-m5-CL.pdf   378 KB | 447 downloads


I put it on my Oanda account by mistake and it's working well there. That's a surprise. Especially for the 5-minute timeframe.
  • #1,820
  • Jun 3, 2020 3:53am Jun 3, 2020 3:53am
Quoting Gonzalez74
{quote} Hi! I already talked to the developer today to convert version 3.9.6.15, instead of .09 Yes, it is a little expensive! (For now, it is 200.00 euros). But I think I'm going to take that risk... As soon as he has a Demo, the developer says that he makes an *.ex5 available for use, for us to try. As soon as I have news I'll let you know. Thank you.
Great idea, count me in to contribute! Euros 200 is not too shocking considering all the features Blessing has, hope we can get a first set of optimized setfiles too as I am just beginning to learn that bit.

Now for the introduction, I have 'played around' with Blessing 3 in the past, , picked it up again during the lock down and quickly realized it is nothing without optimized setfiles, hence a big thank you to @richard96816 for them (which I am testing now with delightful results), @cdsaa for reviving the project, @ursinho4711 for the Multipair effort and other contributors I may have missed.
I note @fxtrue has made a 'gamma' MT5 version of the Multipair EA, would be great to have someone onboard with experience of the conversion.

May I add that although Blessing 3 was made free and lot of setfiles were shared freely in the forum, JTA Today did charge for the commercial ones where I would think more professional effort and resources had gone in.

Long live the Blessing project, God Bless!
3 traders viewing now