Blessing 2 v5.2 with Stochastic Indicator - page 28
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Hi all... This is my 2nd post, I'm totally a beginner. Anyway I've passed the last days reading *** ALL *** of classic and Stoch Blessing threads. What I don't understand is why using these EAs with several pairs should be a risk, if I set portion setting according the proper number of pairs. I mean, I've been testing these EAs for a week (both in classic and Stochatstic version) in demo mode with 9 pairs, portion set to 9, 0.01 starting lots. I started with $3000, now "my" balance is $3600. Where is the problem? Shouldn't the splitting of my money into several portions be safer than trading only one pair? If one of them blows its own portion of money, all the others should be still alive... Or not? Thanx in advance for your kind help...
Please list out the pairs you are using...
Hi all... What I don't understand is why using these EAs with several pairs should be a risk, if I set portion setting according the proper number of pairs. Thanx in advance for your kind help...
First, let's get the minimum balance squared away.
From my own experience trading Blessing live, and from
several friends doing the same, you need a minimum of
$5K/pair. To be honest, $7K-$10K will provide more safety,
when Blessing runs into a big trend.
Don't think for a minute that running several pairs will
allow you to run less than the per-pair minimum required
balance. If you run 10 pairs on $3k, with portion=10, you
are allocating $300 per pair. An EP of 50% only gives you
$150 in float. Are you catching on, here? How long do you
think $150 would last, when Blessing hits a trend and you
are trading 10-cent pips? In a situation such as this, you
are actually adding MORE risk by running several pairs,
as opposed to just trading one pair.
I've seen, in many cases, where several pairs can go into
big DD at the same time. Many pairs are virtual mirrors of
each other and will move together, in lock-step. Once
three or four pairs go into countertrend, you better hope
you have a plenty of room for float, unless you don't mind
taking multiple EP hits.
Bottom line: If you want to trade 11 pairs properly, you
will need a $55K balance. If you want to trade one pair
properly, you will need a $5K balance. And, remember,
these are MINIMUM numbers.
Rob
First, let's get the minimum balance squared away.
From my own experience trading Blessing live, and from
several friends doing the same, you need a minimum of
$5K/pair. To be honest, $7K-$10K will provide more safety,
when Blessing runs into a big trend.
Don't think for a minute that running several pairs will
allow you to run less than the per-pair minimum required
balance. If you run 10 pairs on $3k, with portion=10, you
are allocating $300 per pair. An EP of 50% only gives you
$150 in float. Are you catching on, here? How long do you
think $150 would last, when Blessing hits a trend and you
are trading 10-cent pips? In a situation such as this, you
are actually adding MORE risk by running several pairs,
as opposed to just trading one pair.
I've seen, in many cases, where several pairs can go into
big DD at the same time. Many pairs are virtual mirrors of
each other and will move together, in lock-step. Once
three or four pairs go into countertrend, you better hope
you have a plenty of room for float, unless you don't mind
taking multiple EP hits.
Bottom line: If you want to trade 11 pairs properly, you
will need a $55K balance. If you want to trade one pair
properly, you will need a $5K balance. And, remember,
these are MINIMUM numbers.
RobRob,
That's a very good explanation. Thank you for your insights.
rptrader
can you post a set file for that particular test. i dont believe backtests anymore but i havent seen 8000 profit for 6 months with any settings .. if its 0.01 starting lot. if its not thats another story ;D
I agree, backtest gives us ONLY a place to START...
Below is the graph and report for the 5 min backtest. I am now running it live (Demo) and it seems to be doing well. Still hasn't closed a position yet but in the positive around $50. Lot size .01, multiplier of 1.1 and trading only 1 pair
EUR/CHF.
I also changed the stochastic setting IN THE CODE (not on the first page but way in back). There are TWO settings of "20" & "80" one I believe is for when it is crossed upward and one for when it is crossed downward. I changed only the LAST SETTING of each, not the first 20 or 80, but the last 20 and 80.
I changed them to 30 & 70.
This should reduce "head fakes" as I am in a quicker chart, although this might help 1 hr chart settings also.
Did anyone do any more research into looking for a TREND device like what ganapati wanted??? I think if we could have a ADJUSTABLE trend follower it might be very good, so we can "season to taste" intead of a all or nothing type setting. --just my .02 cents ~
Any questions/comments always welcomed ~
Happy trading.
Chart
I posted a little more of the code then what I tweaked just in case you don't get the same results, then maybe I missed one of the changes...
Chart ~
I posted a little more of the code then what I tweaked just in case you don't get the same results, then maybe I missed one of the changes... Chart ~
Chartwalker,
Thanks for posting your parameters!
rptrader
Chartwalker,
Thanks for posting your parameters!
rptraderYou're very welcome rptrader ~
I believe many heads are better then one
Please remember nothing has been forward tested (very long).
Chart
Chart
Can you explain why you didn't change both settings for stoch.
And looking at the code you have changed to 30 & 60
I also changed the stochastic setting IN THE CODE (not on the first page but way in back). There are TWO settings of "20" & "80" one I believe is for when it is crossed upward and one for when it is crossed downward. I changed only the LAST SETTING of each, not the first 20 or 80, but the last 20 and 80.
I changed them to 30 & 70.
Chart