Magic 100

Hello afdx, I hope you are well and thanks for sharing your trades. I have a question. Before you finally entered the trade, I noticed that there were 3 red candles that were immediately followed by green candles. Is there a reason why you never entered those trades?

Thank you for questions. Its a valid setup. But sometimes ı cant follow market for my business. If ı were front of computer ı could enter, loss 1R. After enter my trade gain 2R or 3R

I showed my trades generally succesfull. I want show today's trade from EurUsd. I made mistake with fear of stoploss. I opened trade after go down 1R ı moved stoploss to BE, then my trade to be stoploss. If ı use rule and dont move stoploss BE ı could take 3R.

Today open buy trade at EurNzd with uptrend and take profit 2R.

Today ı open two trades at GbpNzd with uptrend. First trade stop losed 1R. Then second trade take profit 2R. One loss one succesful trade but gain 1R.

I opened trade at EurUsd with uptrend. Some markets close today, forex market slowly so i take profit 2R.

Hello

Does this EA still perform well ?

GitHub - xmess7/Magi100

Thank you.

Hi. I didn't try it before.

Thanks for your replay.
Is there anyone using this EA ?

After having made EA's for many years, I think the secret is: Find a very trending pair, which you would trade anyway. Start the EA and let it do the work for you. When the trend is over, move the EA to a better pair trending right now.

Thanks for your replay.

Today trade GbpAud with nice uptrend. Take profit at 3R.

GbpAud again. Take profit 2R.

Thanks Minotawr for this thread!
Although I have been reading this thread since 2020. But only now have I tested your system!
The system is very simple and uncomplicated as far as I ever thought!
I have been operating for a week, everything seems to be in control of the trade, win and lose like control SL!
One more time thank you very much!

Anhthu0491d
Is there any chance of getting your template and indicators for the above post?

rcbarlow,
Honesty is the best Policy.
cpfleger

NzdUsd with nice uptrend. Good trade with 3R.

I've been using my own version of 100 magic for many years. (2005)
I call it buy red sell green. I use a 50SL and 100TP
I use a more aggressive gamblers approach to my lot sizing that many would not have the appetite for but that's my choice.

There is a certain amount of exp needed to trade it. Knowing where S/R zones are, knowing when a trend is going sideways, and a general feel for the momentum.
I don't use anything less than D1. If there are no trades for weeks on end its ok. (I have a scalping system I play with as well).

A buy red signal on the daily Pound chart will move 100 pips easy. GJ as well but if trading GJ, EJ I recommend opening the stop and TP up to handle the daily range of the candle, as always move to BE at 50% of the move + 10pip. I found that you will hit BE from time to time and that's frustrating when price hits target after BE but that's trading. Better to BE than SL.

I started using this when I was using Ninja trader and trading ES and Russel on h1 charts, so this super easy system works on everything even daily cattle charts if that's your thing.

I'm surprised more people are not using Swingmans boat signals indy. It's a good visual tool, but I understand these signals are so easy a child could see them, and clean charts are the best.
The way he (SM)has implemented ATR is interesting, but with moving to BE at 50% I have few losers. However I like how you could use the indy to get a more guaranteed TP vs my 100TP or BE.

short usdjpy

add more, short again