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Magic 100

  • #2,521
  • Jan 11, 2024 2:12am Jan 11, 2024 2:12am
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  • #2,522
  • Jan 15, 2024 3:05pm Jan 15, 2024 3:05pm
Found an entry today, but only achieved 1-2, is enough for today. It's also a holiday in the USA
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  • #2,523
  • Jan 15, 2024 3:20pm Jan 15, 2024 3:20pm
It was too early for me to get started
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  • #2,524
  • Jan 16, 2024 9:18am Jan 16, 2024 9:18am
Magic 100
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  • #2,525
  • Jan 19, 2024 9:21am Jan 19, 2024 9:21am
NZDCAD H1
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  • #2,526
  • Jan 19, 2024 12:55pm Jan 19, 2024 12:55pm
TP 3 achieved
  • #2,527
  • Jan 19, 2024 1:17pm Jan 19, 2024 1:17pm
I'm out of the trade
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  • #2,528
  • Jan 20, 2024 6:30am Jan 20, 2024 6:30am
thanks for the good trading system, i am a newbie improving my knowledge on the way....
  • #2,529
  • Jan 21, 2024 3:06am Jan 21, 2024 3:06am
The strategy seems simple enough, anyone wanna test on demo account? I’m attaching my expert advisor. You can set risk/reward in settings (“takeProfitFactor”). Press 'B' for a Buy order, or 'S' for a Sell order

Here you’re buying the previous candle:
Attached Image


But here you’re selling the previous candle:
Attached Image


(White line is entry, Red line is SL, Blue line is TP)
Attached File(s)
File Type: ex4 Magic 100.ex4   9 KB | 417 downloads
File Type: mq4 Magic 100.mq4   3 KB | 541 downloads
  • #2,530
  • Jan 23, 2024 9:45am Jan 23, 2024 9:45am
Quoting Zennie
A stratégia elég egyszerűnek tűnik, szeretne valaki tesztelni demószámlán? Csatolom szakértő tanácsadómat. A kockázat/jutalom beállítását a beállításokban („takeProfitFactor”) állíthatja be. Nyomja meg a "B" billentyűt vételi megbízáshoz, vagy az "S" billentyűt eladási rendeléshez Itt vásárolja meg az előző gyertyát: {image} Itt viszont az előző gyertyát adja el: {image} (a fehér vonal a bejegyzés, a piros vonal SL, kék vonal TP) {file} {file}
.

Sorry. You are wrong. Look at the first picture on the first page.
  • #2,531
  • Jan 26, 2024 7:06am Jan 26, 2024 7:06am
This strategy works very well. The simpler the better.
  • #2,532
  • Jan 29, 2024 9:22am Jan 29, 2024 9:22am
Eu almost reached R3
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  • #2,533
  • Jan 31, 2024 9:25am Jan 31, 2024 9:25am
Good morning. Do you trade with this strategy on a day like today with big announcements please? THANKS
  • #2,534
  • Jan 31, 2024 12:00pm Jan 31, 2024 12:00pm
Quoting BixLeVert
Good morning. Do you trade with this strategy on a day like today with big announcements please? THANKS
No holy grail in forex my opinion is stay away from the market when there is a big announcement
  • #2,535
  • Jan 31, 2024 12:16pm Jan 31, 2024 12:16pm
Quoting mmahiva
{quote} No holy grail in forex my opinion is stay away from the market when there is a big announcement
Thanks sir
  • #2,536
  • Feb 6, 2024 7:59am Feb 6, 2024 7:59am
Quoting Minotawr
Hello Folks, let me introduce very quick my trading system...easy and profitable ....and yes, there is nothing magical about this one Time Frame H1 , but it works also in the higher timeframes as well! All you need is a strong trend, a 100EMA and common sense. We only take trades in the direction of the trend! Buy : Price is above the 100EMA, you place a buy stop order above the red candle. Stop is is under the candle. TP is 2R (R:R is about 1:2 or 1:3) See Picture {image} Sell: Price is under the 100EMA, you place a sell order...

Hello Minotawr, I've rea only 12 pages now and restarted with page 1 again. So far I'm very enthousiastic about your simple approach but for dummies like me it seems not simple enough, haha.
So, if I may I would like to ask about the EMA. When trading from H1, it is cristal clear, but trading from M30 of H4 do you use teh same EMA100? Or is it better to change when in M30 into an EMA 200, or in H4 an EMA 25. If that is the case I would suggest using a MTF Moving Average 100 set into the H1; everytime one changes to a different TF the EMA will change accordingly.....

Thanks,
Ben
  • #2,537
  • Feb 6, 2024 8:53am Feb 6, 2024 8:53am
Quoting campco
{quote} Hello Minotawr, I've rea only 12 pages now and restarted with page 1 again. So far I'm very enthousiastic about your simple approach but for dummies like me it seems not simple enough, haha. So, if I may I would like to ask about the EMA. When trading from H1, it is cristal clear, but trading from M30 of H4 do you use teh same EMA100? Or is it better to change when in M30 into an EMA 200, or in H4 an EMA 25. If that is the case I would suggest using a MTF Moving Average 100 set into the H1; everytime one changes to a different TF the EMA...
OP has not been on FF since summer 2020.
MetaTrader 4 - so many advantages.
  • #2,538
  • Feb 6, 2024 10:00am Feb 6, 2024 10:00am
Hi RiskFighter,

Thanks for your answer. I hope the OP is fine, though.
Would you be able to answer my question; in a nutshell, I'm asking whether the EMA100 used in H1 has to be changed when trading from a different TF?

Thanks,

Ben
  • #2,539
  • Feb 6, 2024 10:11am Feb 6, 2024 10:11am
Quoting campco
I'm asking whether the EMA100 used in H1 has to be changed when trading from a different TF?
No, it doesn’t.

It’s up to you - what matters are the underlying principle and the risk management, not the details of the MA used to define the trend.

It doesn’t have to be 100. You can use 75, or 125, or a combination of two faster MA’s (I have seen both 40/90 and 35/85 used).

I strongly advise you to use a smaller R and aim for a higher win-rate than Minotawr originally suggested.
  • #2,540
  • Feb 7, 2024 8:45am Feb 7, 2024 8:45am
Thanks Quikly

Smaller R = 1:2 (instead of 1:4) I guess...
And higher winrate is say trading with 0.05 instead of 0.01 Lot .... ?



Regards,
Ben
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