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Current Live robot Reviews Current forward tests of MetaTrader Forex robots (Expert Advisors)
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Old 2011-05-09, 11:39 AM   #1 (permalink)
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Posts: 1,993
My Trading Journal


Trading Live with:
Forex Hacked(Copier), Forex Strategy CAD1(manual)
Default Blessing 3 USDCAD

This review is about the Blessing 3 EA which I obtained from here. I have no affiliation with anyone in conjunction with this review. This is a completely free EA in the public domain. Blessing 3 started at Forex-TSD in this thread. It's a whopping 367 pages long as of this writing. Later on, the EA was moved to the J Talon site.

Blessing 3 is a grid trader with Martingale style money management . This EA has the most input parameters of any EA I have ever seen so it's important to get a well tested set file. Because of the myriad of input parameters, Blessing 3 can be traded in so many different ways.

This review concentrates on trading the USDCAD pair on an M5 chart in (according to the EA's forum) a perfect "hedge" configuration. In this configuration, there are actually two charts. When one chart opens a buy trade, the other chart opens a sell. The trade setup is the price moving outside of the very top (or bottom) Bollinger Band. The TP seems to be 12 pips.

This strategy maintains a very low DD according to the EA forum (reference post #32 of the USDCAD set file thread).
Link: http://www.myfxbook.com/members/rsmereka/blessing-3-usdcad/109957


Rick
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Old 2011-08-08, 08:39 AM   #2 (permalink)
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Posts: 1,993
My Trading Journal


Trading Live with:
Forex Hacked(Copier), Forex Strategy CAD1(manual)
Default Demo Trading Terminated

After three full months, this trading system has managed only a small 5% total return. I have closed this trading system down.

Final MyFXBook screen shot is attached.

Rick
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Blessing 3 USDCAD-b3-usdcad.png  
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