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Magic 100

  • #1,901
  • Jan 12, 2021 5:27am Jan 12, 2021 5:27am
Quoting edge540
{quote} Unfortunately "havenoidea" actually has no idea at all,I've asked the same question of this clown and he won't give a straight answer...typical of the forex dreamers.
i wish i have no idea, i wish i never never get into this business it is a hassle
  • #1,902
  • Jan 12, 2021 6:52am Jan 12, 2021 6:52am
Hello, there would have been my entry, a nice reset
Attached Image
  • #1,903
  • Jan 12, 2021 10:21am Jan 12, 2021 10:21am
GbpNzd's looking good for longing, add it to watchlist yall
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  • #1,904
  • Jan 12, 2021 10:36am Jan 12, 2021 10:36am
Quoting Claus
Thanks Hevenoidea, can see that more entry points keep happening after yours. Have you placed SL for this trade?
you can set sl 10-15 pips for h30'' charts
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  • #1,905
  • Jan 12, 2021 1:05pm Jan 12, 2021 1:05pm
that was my entry, unfortunately I followed the sl too early. sometimes I'm not sure
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  • #1,906
  • Jan 12, 2021 8:47pm Jan 12, 2021 8:47pm
Quoting ingo3344
that was my entry, unfortunately I followed the sl too early. sometimes I'm not sure {image}
nice catch, how you got out by sl, it wasnot pullback to the highest point
  • #1,907
  • Jan 12, 2021 9:26pm Jan 12, 2021 9:26pm
it is time to long GbpNzd
yall can wait for the candle closed above the yellow line, if yall wanna follow the rule. For me i enter at this point
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  • #1,908
  • Edited 2:37am Jan 13, 2021 2:24am | Edited 2:37am
Quoting havenoidea
it is time to long GbpNzd yall can wait for the candle closed above the yellow line, if yall wanna follow the rule. For me i enter at this point {image}
update trade 37+pip already, still good for entry
lol, while i post the trade here, it went up ..., i decide to add more again
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  • #1,909
  • Jan 13, 2021 3:38am Jan 13, 2021 3:38am
whoever follow the GbpChf trend, at this point, the trend it is done its job, it is over, it can go up higher, but who know what next, i have no idea anyway kaka
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  • #1,910
  • Edited 4:52am Jan 13, 2021 4:37am | Edited 4:52am
Quoting havenoidea
whoever follow the GbpChf trend, at this point, the trend it is done its job, it is over, it can go up higher, but who know what next, i have no idea anyway kaka {image}
GBP does not go higher than this and it is time to reversal. so dont trade on this.
But GBPCHF correlates with 2 currency pairs ( GBPUSD & USDCHF ) and we have to see how they behave.
Money goes to the one who understands, not the one who rushes
  • #1,911
  • Jan 13, 2021 8:18am Jan 13, 2021 8:18am
I love this system 'cause it is simple, effective, and profitable.

Just a minor opinion from me: I wait for the current candle to close (i) and breakout from the previous retracement candle (ii) then enter.

It because the pending orders could be activated and unfortunately, the retracement continues then stopped out.
[You're never wrong when you're doing the right things]
  • #1,912
  • Jan 13, 2021 11:14am Jan 13, 2021 11:14am
Respect to OP for the thread, i know what it takes. If I may add a couple things. Knowing where to put SL and TP needs info knowledge as does knowing entry. Please see my attached chart GBPJPY. Note the Blue horizontal lines. These are stop loss clusters of our fellow retail traders. If you are to put a SL place it away from the clusters. also if you are expecting a move toward the MA, you can see how far it will go as the stop loss clusters will be a target for MM's. Note also the order book. note what happens , but note on a lower TF. I also attach a VMA which will also keep you out of whipsawing action. No more from me here as I don't want to impose on OP's thread. I don't mind pm's after you study whaT i laid out. Set the VMA to whatever period want.
Attached File(s)
File Type: ex4 ADXVMA6_16bar.ex4   5 KB | 339 downloads
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  • #1,913
  • Jan 13, 2021 4:12pm Jan 13, 2021 4:12pm
Gbpnzd got another long signal again
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  • #1,914
  • Jan 13, 2021 8:14pm Jan 13, 2021 8:14pm
Long Cadjpy
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  • #1,915
  • Jan 14, 2021 10:09am Jan 14, 2021 10:09am
long Audchf
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  • #1,916
  • Jan 15, 2021 8:21am Jan 15, 2021 8:21am
what do you guys think about this trade?
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  • #1,917
  • Jan 15, 2021 1:22pm Jan 15, 2021 1:22pm
Quoting jandelichte
what do you guys think about this trade? {image}
Nice catch, tp @ 1.5375 is good enough. After that point, the market is unknow
  • #1,918
  • Jan 20, 2021 3:49am Jan 20, 2021 3:49am
Quoting xmess7
EA UPDATE: Version 16 (PLEASE PM me with EA issues, if you cannot PM, then place a SHOUT on my profile) Download is ready at: https://github.com/xmess7/Magi100 Sorry, I forgot to add the new comments to the order. New input to add comments is ready: tradeComment. An update on the detection of Indices, Gold/Silver was also added. For those of you trying to trade these instruments, let me know how it goes. Jess PS: Latest EA version, info, and video sources can be found at https://github.com/xmess7/Magi100
Hi @xmess, would you mind sharing the mq4 of your EA? I'm trying to learn how to code EA's ,and it would be very great if you can share it. If not, at least teach me some things like how you did the Pairs To Trade input parameter, or the MAxTradesPerDay, etc.
  • #1,919
  • Jan 20, 2021 5:19am Jan 20, 2021 5:19am
Quoting jandelichte
what do you guys think about this trade? {image}
this is a very good one Jan
Pressure shapes Legends
  • #1,920
  • Jan 20, 2021 5:23am Jan 20, 2021 5:23am
Has anybody tried the magic100 system on daily? Since Mino had advised to put it on the higher timeframes as well...My short visual back test looks very promising. Due to my regular job i am doesn“t able to trade H1.

I will give it a go, but more infos from other traders may help.
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Pressure shapes Legends
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