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Most Famous Blessing 3.9.6 EA and Setfiles

  • #2,461
  • Jan 10, 2021 5:48am Jan 10, 2021 5:48am
hello,
i am very happy with Segen 3.9.6 EA and mainly use it for XU_5Min and have already made good profits in my live account.
I'm not a programmer and i don't understand so much about indicators.
But i try a lot and look at the result, why i write here is maybe someone can test my BTCUSD.Set file over a longer period of time?
my broker does NOT give me enough data in the 5 min chart to do this for a long time (only 21.12.20 - 08.01.21)

my first results
Attached Image (click to enlarge)
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Attached File(s)
File Type: txt B3.9.6.BTCUSD_M5_0.01lot_UseEarlyExit.set.txt   12 KB | 655 downloads
  • #2,462
  • Jan 11, 2021 8:34pm Jan 11, 2021 8:34pm
Quoting emmanuel7788
{quote} Do you know when trading with Blessing3, you can have nett losing pips and still make $$$profit? Yesterday, closed one basket when EZ pulled back. After this week close, I review and decide if I need to change my FMC setting. {image}

EURNZD Jan 12

- closed last buy position
- changed FMC to 1 ... SELL only
- we shall wait and see how deep the retracement will go

Attached Image (click to enlarge)
Click to Enlarge Name: EURNZD Jan 12 FMC1 sell 12-1-2021 10-31-10 am.png Size: 28 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,463
  • Jan 12, 2021 1:57am Jan 12, 2021 1:57am
Quoting richard96816
{quote} It's all in the thread. All your questions are answered in the thread. If you don't have the time to read it then use the search function. Making the thread even longer with unnecessary posts isn't helpful. Happy New Year!
Post 1 writes: "Minimum Balance required to trade these pairs is $3000 If you keep it at $5000 even better". 1:30 leverage is allowed in the European Union. Will the size of the account be enough?
Please excuse the bad English via Google Translate.
  • #2,464
  • Jan 17, 2021 6:49am Jan 17, 2021 6:49am
Hi, a quick question...why would we want to put StochEntry setting to 2? Going long when it is overbought and going short when it is oversold? Makes no sense... or is there any other reason for doing it? I saw a few set files posted here having it at 2.
7Terius
  • #2,465
  • Jan 17, 2021 12:55pm Jan 17, 2021 12:55pm
blessing error deleting file: b3_1529930001.dat 4051 invalid function parameter value
  • #2,466
  • Jan 17, 2021 3:32pm Jan 17, 2021 3:32pm
Hi guys im new to this thread. i would like to say hi to all im a blessing fan as well i love the way you people keeping this amazing EA Alive. But i always had one question is there a way to use blessing as one shot one kill ea with good profit?
Unique but not perfect, yet free from mental slavery.
  • #2,467
  • Jan 19, 2021 11:14pm Jan 19, 2021 11:14pm
Quoting richard96816
{quote} It's all in the thread. All your questions are answered in the thread. If you don't have the time to read it then use the search function. Making the thread even longer with unnecessary posts isn't helpful. Happy New Year!
How can you deal with this problem, ver .18 is nice because easier to tune and backtest, faster and on point, i manage to have the same result using CSAA version and yourS but...
When MT4 is restarted or computer is shutting down, EA not perform correctly, can you check this please
Thank you R.
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On my way!
  • #2,468
  • Jan 20, 2021 3:58pm Jan 20, 2021 3:58pm
hello gents,

i am using version 18, with great satisfaction, but i believe there is a small bug, the profit potential line does not show anything, as shown in the picture
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  • #2,469
  • Jan 25, 2021 5:59pm Jan 25, 2021 5:59pm
Folks,

I get a few PMs and ask about martingale and Lot size multiplier

First, Blessing3 EA does not use Martingale.

richard96816 I consider one with the most experienced here has explained this several times already.

https://www.forexfactory.com/thread/...9#post12570209

https://www.forexfactory.com/thread/...1#post12630261

https://www.forexfactory.com/thread/...7#post12976547

Lot Multiplier

- default setting is 1.4

but you can input your own preference.

if you set the Multiplier = 1.0, the lot increment would be linear for e.g 0.1, 0.2, 0.3, 0.4, 0.5 ...

if you set the Multiplier = 0.9, the lot increment would be 0.1, 0.1, 0.1, 0.1, 0.1, ... constant no change.

If you set the Multiplier = 1.618, the lot increment would be Fibonacci* 0.1, 0.1, 0.2, 0.3, 0.5, 0.8, 1.3, ... (*quick way to blow an account)
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,470
  • Jan 25, 2021 8:27pm Jan 25, 2021 8:27pm
Quoting emmanuel7788
...
Lot Multiplier - default setting is 1.4 but you can input your own preference. if you set the Multiplier = 1.0, the lot increment would be linear for e.g 0.1, 0.2, 0.3, 0.4, 0.5 ... if you set the Multiplier = 0.9, the lot increment would be 0.1, 0.1, 0.1, 0.1, 0.1, ... constant no change. If you set the Multiplier = 1.618, the lot increment would be Fibonacci* 0.1, 0.1, 0.2, 0.3, 0.5, 0.8, 1.3, ... (*quick way to blow an account)
How does the Lot Multiplier being calculated?
What is the best B3 version should be used?
The man behind the gun
  • #2,471
  • Jan 26, 2021 6:57pm Jan 26, 2021 6:57pm
Quoting fx1079
{quote} How does the Lot Multiplier being calculated? What is the best B3 version should be used?
that is explained in the Manual ,

https://www.forexfactory.com/thread/...1#post13056021

I run the version in Post#1

Other traders run different versions.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,472
  • Jan 26, 2021 7:21pm Jan 26, 2021 7:21pm
Quoting emmanuel7788
{quote} that is explained in the Manual , https://www.forexfactory.com/thread/...1#post13056021
Thank you for the manual.

Quoting emmanuel7788
I run the version in Post#1 Other traders run different versions.
Did you also use it on live account? If yes, since when? How is the performance? Profitable? DD?
The man behind the gun
  • #2,473
  • Jan 27, 2021 2:02am Jan 27, 2021 2:02am
Quoting emmanuel7788
Folks, I get a few PMs and ask about martingale and Lot size multiplier First, Blessing3 EA does not use Martingale. richard96816 I consider one with the most experienced here has explained this several times already. https://www.forexfactory.com/thread/...9#post12570209 https://www.forexfactory.com/thread/...1#post12630261 https://www.forexfactory.com/thread/...7#post12976547 Lot Multiplier - default setting is 1.4 but you can input...
Can you please comment on my post: "Post 1 writes: "Minimum Balance required to trade these pairs is $3000 If you keep it at $5000 even better". 1:30 leverage is allowed in the European Union. Will the size of the account be enough?"
Please excuse the bad English via Google Translate.
  • #2,474
  • Jan 28, 2021 6:43pm Jan 28, 2021 6:43pm
Hello,

I have asked before to look into the Profit Potential display, which in v18 dose not get displayed. apart from this, you can see on the pic that at one point i had 239$ profit but the current profit is 50% of that, how can i get such a variation and how can i close let say in 20% of the max profit?
Attached Image
  • #2,475
  • Jan 30, 2021 5:26pm Jan 30, 2021 5:26pm
Quoting fabio.g
Hello, I have asked before to look into the Profit Potential display, which in v18 dose not get displayed. apart from this, you can see on the pic that at one point i had 239$ profit but the current profit is 50% of that, how can i get such a variation and how can i close let say in 20% of the max profit? {image}
Hi fabio.g

I don't use that v18 so I cannot help you. I think that is richard96816.

I run live with the version from the OP' Post#1
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,476
  • Jan 30, 2021 5:32pm Jan 30, 2021 5:32pm
Quoting dokopy
{quote} Can you please comment on my post: "Post 1 writes: "Minimum Balance required to trade these pairs is $3000 If you keep it at $5000 even better". 1:30 leverage is allowed in the European Union. Will the size of the account be enough?"
Hi dokopy

with that 1:30 leverage, it will be very tough to trade Blessing3 in its original setting format.

until 5 years ago, I was trading with leverage 1:200 and $3,000 was good for each pair. $10,000 would allow me to trade 5 pairs in one account.

But today, my broker only offer 1:50 and I trade with maximum 5-levels maximum. This means I need $25k to trade 5 pairs in one account.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,477
  • Jan 30, 2021 5:40pm Jan 30, 2021 5:40pm
Quoting fx1079
{quote} Thank you for the manual. {quote} Did you also use it on live account? If yes, since when? How is the performance? Profitable? DD?

Hi fx1079

Yes. I am running live since more than 10 years.

You need to have a system strategy and use Blessing as your trade manager. I only run semi-auto mode, meaning I decide when to start trade and when I stop trading.
The average R is between 3Rs and 5Rs per trade basket. I keep my drawdown to between 10% and 15%, manually I cut-loss. This can happen 3 times in a year. But with overall system R above 2.5R, you make good money and you spend only 10~15 minutes per currency pair/each.
Today is weekend, it is time to spend 15 minutes for every pair you want to trade.
Look for 5 pairs to trade next week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #2,478
  • Jan 31, 2021 4:04am Jan 31, 2021 4:04am
Quoting emmanuel7788
{quote} Hi fx1079 Yes. I am running live since more than 10 years. You need to have a system strategy and use Blessing as your trade manager. I only run semi-auto mode, meaning I decide when to start trade and when I stop trading. The average R is between 3Rs and 5Rs per trade basket. I keep my drawdown to between 10% and 15%, manually I cut-loss. This can happen 3 times in a year. But with overall system R above 2.5R, you make good money and you spend only 10~15 minutes per currency pair/each. Today is weekend, it is time to spend 15 minutes for...
Wow its been a long time, of course it profitable I think.
What exactly the reason you don't let Blessing EA run and exit all transaction itself?
Why you didn't use the latest version of Blessing EA, what are your consideration still using the official Blessing EA v3.9.6.09?
Thank you
The man behind the gun
  • #2,479
  • Feb 2, 2021 4:20pm Feb 2, 2021 4:20pm
Dear Fellow Members,

I've been reading this thread for a couple of days. I am looking for an averaging EA to manage my trades in the direction i decide to trade and Blessing could be very helpful for that. I have been playing with the latest MT5 versions(.20 and .21) on strategy tester as MT5 is much better for backtesting than MT4. I have also tested on Mt4 using the version from post 1. If I do use it in my trading it will likely be on MT4 but Mt5 is better and faster backtesting so I am learning the ins and outs of the EA that way.

however, i have found there is something wrong with the MT5 version when it comes to "Smart Grid"... If i set the smart grid to "TRUE" it does not open more than one position per "basket", even though my max number of trades is set to 8-10. even with Generic Optimization i cannot find any settings on the Rsi/MA that will make it open more than one trade per basket... If I turn Smart Grid off then it indeed opens multiple positions as one would expect.

Is that a bug on the MT5 version? Anybody else experiencing it or is there any trick to make it work? on MT4 it seems to work just fine.

Appreciate any help. Tks
  • #2,480
  • Feb 2, 2021 6:52pm Feb 2, 2021 6:52pm
Quoting fx1079
{quote} Wow its been a long time, of course it profitable I think. What exactly the reason you don't let Blessing EA run and exit all transaction itself? Why you didn't use the latest version of Blessing EA, what are your consideration still using the official Blessing EA v3.9.6.09? Thank you

Hi fx1079

Good questions.

It takes time to learn how to trade with EAs and I have been with and learned from the jta developers for many years. I get to know them and trust them. Blessing3 is just one of several other EAs I have from jta.

I diversify my trading capital and use Blessing3 as a trading tool in my system strategy which I trade a pool of currency pairs. Ypu need to be very disciplined when you run EAs. Cut-Losses Short, Let Profit Run is the belief which you can make happen.

Blessing3 is a little monster EA and you have to learn it , know its trading habits and tame this little monster and control this monster. This is reason why I do not run Blessing in its full auto-mode. It will lose money and it will be too late. Always trade with risk management and have full control. Cutting losses is common and you must allow for that cut-loss during a 3 year trading cycle. Every time you cut loss, you lose only 1R per pair traded and when you make profits, it is in multiple of Rs... can be 3Rs, 5Rs and 15Rs when you run averaging up.

I run Blessing EA v3.9.6.09 in MT4 brokers and that is the last version I got form jta and it is very stable for many years. It has all the features I need and I have no need for more changes.

Good luck and Trade Safe always.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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