|Introduction (Blessing Pro!)|
|From JTAWiki, a project by J Talon LLC|
Blessing Pro! is an Expert Advisor which is an improved version of our free EA, Blessing 3. It has all the same trading entry and exit methods, but many of them have been improved, and many more functions have been introduced.
Blessing Pro! uses the Entry Method(s) of your choice to place either a pending BUY/SELL LIMIT/STOP order or an instant market order depending on the value of PendingFirstTrade. The volume of the first trade is based on the Lot Size Calculation. If the price goes against the initial trade, further trades will be placed based on a Grid System with increasing Lot Sizes, until the price retraces enough to hit the Take Profit point. In addition to closing the basket at TP, there are several Other Exit Strategies, including Stop Loss and Trailing Stops, Maximize Profit, Close Oldest, Early Exit, and Emergency Close All.
Blessing Pro! can run on any chart and timeframe, and uses Trade Tracking with a unique Magic Number and Trade Comment to identify trades with your broker. The portion of the Account Balance used by each chart to trade Blessing Pro! can be set using Portion Control. To help you keep track of all the charts running Blessing Pro!, and the open trades on those charts, another EA is provided, called JTA Dashboard.
But Blessing Pro! is not only about making profits, it is also about protecting your account balance when things do not go according to plan, by using Equity Protection. This is achieved by using Portion Control, Maximum Drawdown Limits and power out stop losses.
|Disclaimer||Copyright © 1995-2016 J Talon LLC, All rights reserved|