I've got Blessing 2 running on a live $500 account for my daughter, but I'm thinking of setting up a micro account for - Trading Systems

ChicagoRob 2009.02.10 19:00 #491

I've got Blessing 2 running on a live $500 account for my daughter

and it is performing exactly as expected. It's banking, on average,

about$5/day, which is an annual return of 250%. Not too shabby.

Rob

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Hbalint1 2009.02.10 21:21 #492

ChicagoRob:
I've got Blessing 2 running on a live $500 account for my daughter

and it is performing exactly as expected. It's banking, on average,

about$5/day, which is an annual return of 250%. Not too shabby.

Rob

my experience is that in the begening the less money you have the risk is bigger. Start with 0,01 lot is the begening. EUR/CHF and USD/JPY I think the perfect pairs to start on M1. (according to my tests)

Ideal would be 20k account for 5-6 pairs with 0,01 lot. Neverending profit I think.

An example:

50k became 90k under 10 days. But huge risk. starting lot was 0,22 and runing 6-9 pairs. Too much I mean the starting lot size.

If a pair would say move apprx 1200 pip without correction the account has blown. But reduce the starting lot 0,03 at 50k account is ok. 0,07 starting lot for 90k is ok.

It is only patience. The system works.

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bnkelectric 2009.02.10 22:51 #493

Congradulations Chicago Rob!!

Thats Great Chicago Rob,,

Iam thinking about setting up something similar for my grandson..

Would you mind sharing your settings?

Thanks in advance!!!

ChicagoRob 2009.02.11 00:41 #494

bnkelectric:
Thats Great Chicago Rob,,

Iam thinking about setting up something similar for my grandson..

Would you mind sharing your settings?

Thanks in advance!!!

I am trading this account very conservatively. Iron says you need

a minimum of $250/pair to safely trade Blessing on a micro account.

I doubled it to $500, to add some additional breathing room.

I'm trading just one pair, which is USDJPY, on a daily chart, with

Iron's set file for this pair. I have Equity Protection set at 40%,

and starting lot size at .01, which is adjusted manually. I also reset

the hard balance input each day.

Rob

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gregart 2009.02.11 13:51 #495

blessing 2

Hi guys, sorry for that, but i have ever the problem "math mode error" when "autocalculate" is "true" any body have an issue for that ?

thanks,

Greg

alex84 2009.02.11 16:54 #496

ChicagoRob:
I am trading this account very conservatively. Iron says you need

a minimum of $250/pair to safely trade Blessing on a micro account.

I doubled it to $500, to add some additional breathing room.

I'm trading just one pair, which is USDJPY, on a daily chart, with

Iron's set file for this pair. I have Equity Protection set at 40%,

and starting lot size at .01, which is adjusted manually. I also reset

the hard balance input each day.

Rob

conservatively is the key

i use 8000 balance on a standard with only the usd jpy daily settings

Need to be patient thats all, Even if i could run 2 pairs with such balance ...

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[Deleted] 2009.02.12 06:54 #497

Hello ,

A new version has been released by Iron and first post is updated.

Change Log:

V 4.7

Power Out Stop Loss added

Menu streamlined

Overlay changed to include POSL

Regards

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Hbalint1 2009.02.12 11:49 #498

FiFtHeLeMeNt:
Hello ,

A new version has been released by Iron and first post is updated.

Change Log:

V 4.7

Power Out Stop Loss added

Menu streamlined

Overlay changed to include POSL

Regards

Power Out Stop Loss added If it is on. what does it mean?

Has any other key changes which are useful? I mean all are useful but regarding the result or the using of this ea.

Thanks

Balint

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[Deleted] 2009.02.12 12:49 #499

Here is the explanation Iron sent for me :

That's a Power Outage Stop Loss. When set to false, the is no SL. When set to true, all orders are transmitted with a 600 set as a stop loss (buy stop, buy limit, sell stop, sell limit). As the buys and sells start, the POSL is modified based on Equity Protection, Tick value, total lots out and portion balance. This new POSL is sent each time the modify order kicks in. As more orders are opened, the POSL gets tighter and tighter. If anyone every loses their internet connection, they should feel safe knowing their trades have a POSL guarding them. Again, it's a new protection feature that anyone can turn on or off.

so no key changes

[Deleted] 2009.02.12 12:54 #500

holyguy7:
The problem is with IBFX demo server. It resets Deposit/Withdrawal after so many trades are closed. So even though I started with 10K, it resets every so often. They have opted to do that then to force the reset of many demos running on their server. The MaxDD of 7.24% happened a couple weeks into it so it does not show up. Plus, I am using my own programmed script to track MaxDD which is WAY more accurate then what Metatrader tells you.

I have noticed that even with LIVE account it resets deposit/withrawal. In live statement ibfx made my initial deposit as a profit. Now I can't see my first pages of my statement which is sucks.

I want to thank holiguy for the demo! I do check it regularly along my live account. And it's been almost 4 months since u have opened this demo and it clearly shows that it can be traded safely. your demo account looks like a magic tree that grows bucks.

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