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Most Famous Blessing 3.9.6 EA and Setfiles

  • #2,401
  • Dec 7, 2020 9:02pm Dec 7, 2020 9:02pm
Quoting fabio.g
{quote} Hi thank you very much for time and effort in explain the settings. in the picture i show my settings, if you need i will add the set file to confirm those, and as far as i understand the overlay should show UDR, which i guess it is trend up, trend down or ranging. B3 will only open when both indi conditions are satisfied simultaneously, within a 10pips range, is that correct_ {image} {image}
Hi fabio

I know from my early days trading with Blessing3, it use a 100EMA, Close price to determince the market trend. 100EMA was for H1 and 400EMA for H4. This is in the version notes.
But I have not use this for a long time. I look at Daily and Weekly.

If you place a 100period EMA,Close price on your chart you will see the price action - above or below 100EMA,Close.
In your trade example, if your price is within that 10pips around the 100EMA, then B3 treats that as Ranging.

In my chart example below (remote screen), the price action is above the 100EMA and BS will treat this as bullish trend and place limit & stop order becasue of B3T traditional=true. I have MA=1 and BBS=1 to simulate your setting.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD H1 Blessing3 8-12-2020 10-58-57 am.png Size: 24 KB

after the initial trade basket initiated, then the trade management is using smarty grid and time delay will send a market order on the RSI MA cross after minimum time delay (2400 default). My smart grid is based on 5-min RSI10 cross MA8....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,402
  • Edited 10:27pm Dec 7, 2020 10:07pm | Edited 10:27pm
Quoting emmanuel7788
{quote} Hi fabio I know from my early days trading with Blessing3, it use a 100EMA, Close price to determince the market trend. 100EMA was for H1 and 400EMA for H4. This is in the version notes. But I have not use this for a long time. I look at Daily and Weekly. If you place a 100period EMA,Close price on your chart you will see the price action - above or below 100EMA,Close. In your trade example, if your price is within that 10pips around the 100EMA, then B3 treats that as Ranging. In my chart example below (remote screen), the price action is...

Update:

Buy Stop triggered

now Blessing will start timer for the Smart Grid and will place the next buy if/when the price retraces to the next grid level which is 25pips.

note the H1 and the 100EMA red line.
I have my Daily candles for better view of the Daily on H1..
Caution here is the Daily looks exhausted and can reverse but we have time to react on the Daily.
Check this once a day minimum.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Dec 08 buy triggered 8-12-2020 12-01-02 pm.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,403
  • Dec 7, 2020 10:53pm Dec 7, 2020 10:53pm
Quoting emmanuel7788
{quote} Update: Buy Stop triggered now Blessing will start timer for the Smart Grid and will place the next buy if/when the price retraces to the next grid level which is 25pips. note the H1 and the 100EMA red line. I have my Daily candles for better view of the Daily on H1.. Caution here is the Daily looks exhausted and can reverse but we have time to react on the Daily. Check this once a day minimum. {image}

Update:

Price retraces further and past the first grid level ,

B# waits for the RSI/MA cross to place the next order.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Dec 08 buy update1 8-12-2020 12-50-03 pm.png Size: 40 KB


use this script to help you place the grid levels on your chart..

input your initial Base Price of your first order after you drop that script on your chart
Attached File(s)
File Type: mq4 B3_Grid.mq4   8 KB | 868 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,404
  • Dec 8, 2020 12:59am Dec 8, 2020 12:59am
Quoting emmanuel7788
{quote} Update: Price retraces further and past the first grid level , B# waits for the RSI/MA cross to place the next order. {image} use this script to help you place the grid levels on your chart.. input your initial Base Price of your first order after you drop that script on your chart {file}

Update:

B3 placed a second order using smart grid and now the open positions are in profit.
The average entry price of open positions Blue line

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Dec 08 average entry line8-12-2020 2-55-37 pm.png Size: 37 KB


How B3 uses RSI / MA to place add-on positions.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Dec 08 smart grid entry 8-12-2020 2-48-06 pm.png Size: 54 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,405
  • Dec 8, 2020 6:21am Dec 8, 2020 6:21am
Quoting emmanuel7788
{quote} Update: B3 placed a second order using smart grid and now the open positions are in profit. The average entry price of open positions Blue line {image} How B3 uses RSI / MA to place add-on positions. {image}

Update ...

With two positions in profits, you can close both and let B3 re-open the next new buy basket and ... start all over again


Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD dec 08 update3 8-12-2020 8-18-44 pm.png Size: 36 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,406
  • Dec 8, 2020 6:51am Dec 8, 2020 6:51am
Quoting emmanuel7788
{quote} Update ... With two positions in profits, you can close both and let B3 re-open the next new buy basket and ... start all over again {image}

Update:

After closing two profitable positions, I use the script and re-open a new first position and start a new basket.

Remember when you do this, you need to use the B3 Grid script in Post#2403 draw the new grid levels.


Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Dec 08 position closed re-open 8-12-2020 8-48-49 pm.png Size: 41 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,407
  • Dec 8, 2020 7:51am Dec 8, 2020 7:51am
amazing i made the notes,let me read the therad and get accustomed to it.
  • #2,408
  • Dec 8, 2020 8:01am Dec 8, 2020 8:01am
Quoting fabio.g
{quote} Hi thank you very much for time and effort in explain the settings. in the picture i show my settings, if you need i will add the set file to confirm those, and as far as i understand the overlay should show UDR, which i guess it is trend up, trend down or ranging. B3 will only open when both indi conditions are satisfied simultaneously, within a 10pips range, is that correct_ {image} {image}
have u solved the problem of average down ?
  • #2,409
  • Dec 8, 2020 11:46am Dec 8, 2020 11:46am
Quoting emmanuel7788
{quote} Update: Price retraces further and past the first grid level , B# waits for the RSI/MA cross to place the next order. {image} use this script to help you place the grid levels on your chart.. input your initial Base Price of your first order after you drop that script on your chart {file}
Can not add this script to the chart, anyone has the same problem?
On my way!
  • #2,410
  • Dec 8, 2020 2:52pm Dec 8, 2020 2:52pm
Quoting emmanuel7788
{quote} Update: After closing two profitable positions, I use the script and re-open a new first position and start a new basket. Remember when you do this, you need to use the B3 Grid script in Post#2403 draw the new grid levels. {image}
nice...
I have a question - do you mean to say without the B3 Grid script lines, the B3 will not do the average down when UseSmartGrid=true?

If you don't mind, could you please share your set file for the averaging down when manual order is triggered?
Thanks for your time and support
  • #2,411
  • Dec 8, 2020 5:02pm Dec 8, 2020 5:02pm
Quoting Vivi-l
{quote} nice... I have a question - do you mean to say without the B3 Grid script lines, the B3 will not do the average down when UseSmartGrid=true? If you don't mind, could you please share your set file for the averaging down when manual order is triggered? Thanks for your time and support

No. Blessing3 does not need you to draw any grid lines on your chart. Blessing3 trade using its internal calculations where the grid levels are.

The concept of Blessing3 grid trading is explained in the manuals written over many years of development an enhancements. Please study the manuals and you will learn faster.

I learned by forward testing in realtime live market and it took me 18 months to get a very good grip of the internal working of Blessing3.
Back-testing is also good to learn the many variations and combination of the indicators and features. But once you have enough experience which you build your confidence to run it live and trade with real money.

Keep on working hard at it. This is just one of many EA which will make some money but you need to be " smart and tame this monster ".
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,412
  • Dec 8, 2020 5:03pm Dec 8, 2020 5:03pm
Quoting CoolBuddy
{quote} Can not add this script to the chart, anyone has the same problem?

Just drag and drop the script from your Scripts folder on to the chart and input the Base Price which is the first entry.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,413
  • Dec 8, 2020 6:40pm Dec 8, 2020 6:40pm
Quoting emmanuel7788
{quote} Update: After closing two profitable positions, I use the script and re-open a new first position and start a new basket. Remember when you do this, you need to use the B3 Grid script in Post#2403 draw the new grid levels. {image}

Update Dec 10:

I check my charts when Tokyo Open

Blessing3 added two average down positions yesterday using its smart grid.

Pay attention to the Daily candles in background of the H1, consecutive days bearish spinning top candles.
Anything can happen in the market. This can break to the UPside or to the DOWNside, I know when and where I will cut-losses when I trade with Blessing3.
As the trader, you must be the one to be in control.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Dec 10 update 9-12-2020 8-34-43 am.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,414
  • Dec 9, 2020 6:24pm Dec 9, 2020 6:24pm
Quoting emmanuel7788
{quote} Update Dec 10: I check my charts when Tokyo Open Blessing3 added two average down positions yesterday using its smart grid. Pay attention to the Daily candles in background of the H1, consecutive days bearish spinning top candles. Anything can happen in the market. This can break to the UPside or to the DOWNside, I know when and where I will cut-losses when I trade with Blessing3. As the trader, you must be the one to be in control. {image}
Update Dec 10:

yesterday retracement went deep and 3 positions were added.
This morning I closed the 3 'youngest' positions with some profit. Kept the 2 ' oldest' positions in floating loss.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Dec10 B3 update10-12-2020 8-19-10 am.png Size: 34 KB


Trade Report

Attached Image (click to enlarge)
Click to Enlarge Name: B3 Trade Report.png Size: 20 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,415
  • Dec 9, 2020 6:54pm Dec 9, 2020 6:54pm
Quoting emmanuel7788
{quote} Update Dec 10: yesterday retracement went deep and 3 positions were added. This morning I closed the 3 'youngest' positions with some profit. Kept the 2 ' oldest' positions in floating loss. {image} Trade Report {image}

Common question asked:
When to cut-loss in case when the market retrace deeper?

How deep is deep?

I loot at the big picture.
Look at the current Week and the previous 2 weeks.

In this EURNZD example, if the retracement went deeper to below near 70% of last week high-low, I prepare to cut positions to minimise the floating losses.

Worst Case cut-loss is when price fall to previous 2 weeks low, that's the final end game ... Cut Losses Short.

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD week candle view 10-12-2020 8-26-10 am.png Size: 38 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,416
  • Dec 10, 2020 2:23am Dec 10, 2020 2:23am
Quoting T4Trade
{quote} have u solved the problem of average down ?
i have no issue with that, just i was trying to understand when B3 opens trades in relation with the use of the indi
  • #2,417
  • Dec 11, 2020 6:07am Dec 11, 2020 6:07am
Quoting emmanuel7788
{quote} Update Dec 10: yesterday retracement went deep and 3 positions were added. This morning I closed the 3 'youngest' positions with some profit. Kept the 2 ' oldest' positions in floating loss. {image} Trade Report {image}

Update Dec 11:

sorry I did not provide update when Tokyo open today.

Now we at near the NY open and the number of open positions has not change much.

The basket is in floating loss and the breakeven blue line 1.71417 and the take profit yellow line 1.72040. If market hit the take profit 1.72040 the $$$$ is very good 1.5R profit. provided no further rectracement now.
Blessing3 has option to take profit between the blue and yellow lines. The default is 70%.
But if you look at the market this week, an early CloseALL with 10% to 20% is safe to get out.
DO you want to be greedy for 100%?

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Dec 11 update LO4 11-12-2020 7-39-24 pm.png Size: 41 KB


If you check the Weekly , it is highly this week will close a smaller candle and we have a Weekly Control Candle WCC PASR .
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,418
  • Dec 11, 2020 1:35pm Dec 11, 2020 1:35pm
Hello all , i'm really enjoying the test of Blessing but now i have a strange experience (in photo) , i think that the calculation of the TP is based on the last trade because the trades of GBPAUD are close in loss.
i'm i missing something on the setting ?
thank's.
Attached Image (click to enlarge)
Click to Enlarge Name: fa15c7df82ccdbf3e55e08ecf2891ab3.png Size: 276 KB
  • #2,419
  • Dec 12, 2020 5:16pm Dec 12, 2020 5:16pm
Hi all

Has anyone discussed or thought about why the SL in Blessing is selected by pips? It would seem to me SL should be calibrated to the grid ATR (SL should be a multiple of GAF). Also there should be an option of stop trading if SL hit so a new automated basket is not generated on a big reversal while the trader is not micro managing.
This question is not about whether using a SL for blessing is a good or bad strategy. But I would say that if SL was a factor of GAF a strategy incorporating SL may be much more effective.
  • #2,420
  • Dec 13, 2020 8:22pm Dec 13, 2020 8:22pm
Quoting emmanuel7788
{quote} ok. I have not traded with Blessing 10 or any version 10. I trade live with the version v3.9.6.09 . It is the same version posted by the OP , see Post#1. This is my base version for my current live trading and also this is the last official version I got from jta. There were many versions prior to this, mostly were resolving programming bugs, etc. It is a very stable running version. Moving forward, I will reply using this as base version. You can run Blessing3 in manual trading mode with FMC=2 and without any of the indicators.
This is an interesting idea.
A semi automatic trading, managed by Blessing3.

As I understand, each EA is identifying their OPs by matching their Magic Number.
The question is, how you create an OP, with particular magic number?
I don't see option of entering magic number in the "New Order" menu.
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