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Magic 100

  • #481
  • May 29, 2020 8:17am May 29, 2020 8:17am
Hello, in the dax I just took 10 points short
  • #482
  • May 29, 2020 9:40am May 29, 2020 9:40am
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  • #483
  • May 29, 2020 10:05am May 29, 2020 10:05am
eurgbp
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  • #484
  • May 29, 2020 12:03pm May 29, 2020 12:03pm
Quoting Minotawr
NZD/USD is it simple? Yes! Is it easy? No! Not many had the patience and discipline to follow strikt rules. You decide... {image}
Hi Minotawr,
took the same trades but didn't arrived to TP. What about to move SL to breakeven to avoid loosing trades, when it will be in profit X pips when X is some ratio of SL or use some trailing? Any suggestion or other idea?
Thanks.
Tea
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  • #485
  • May 29, 2020 2:42pm May 29, 2020 2:42pm
Quoting teapeak
{quote} Hi Minotawr, took the same trades but didn't arrived to TP. What about to move SL to breakeven to avoid loosing trades, when it will be in profit X pips when X is some ratio of SL or use some trailing? Any suggestion or other idea? Thanks. Tea {image}
Itīs up to you, mate. Every trader is different. I rarely going to BE. Figured out that i am more successfull in the long run. You have to find something that suits you
  • #486
  • May 30, 2020 2:34am May 30, 2020 2:34am
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Hi there Thanks for simplest system ever i seen, as i'm new to trading and willing to learn from your system so far just reading yours and all members posts from all pages and trying to mark charts for back testing and its very interesting system i must say but i'm having some issue's if you can clarify " Minotawr " i will highly appreciate it. I attached one of your chart and marked 2 candles. So the market is in uptrend in the picture so are we looking for just red candle or the colour doesn't matter? as you can see the first red candle i marked and if i move my entry to next green then next green then next green then on 4rth red candle buy stop triggered and price went to another direction and in that case stop loss got triggered. i get it not all the trades always winner but confusion is are we marking red candles only and ignoring the green one's or we will move our buy stop to the next candle wether its green or red ? or in down trend vise versa?

I will appreciate it if you can please answer i know might you answered it before but i didn't see in previous pages.
Thankyou again
  • #487
  • May 30, 2020 4:29am May 30, 2020 4:29am
After I view from page one to all pages and some lectures from admin, i think I get the point..

Can you share the fibo point you made for entry
  • #488
  • May 30, 2020 8:55am May 30, 2020 8:55am
First of all, thank Minotawr for sharing your trading system. It's so simple and elegant that I think everyone can make profit with it.

I tried to do 100 backtest using bar replay on Tradingview. However I just manage to do 50 trades and the results is amazing

I tested on GOLD/USD on daily chart and R:R is 2:1.

With all respect, I add ADX and DI into your system to clarify the trend and determine when to stay out of the market.
If price is closed to 100EMA or ADX line go under 20, don't trade.

It help me win 32/50 trades. 64% win rate and made 250% equity only after 50 trades.

Here is the excel file I use to do backtest and picture of several backtest on tradingview. Everyone feels free to use my file to backtesting. If you do, Im really happy if you share your work with us.
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Attached File(s)
File Type: xlsx 50 trades playback GOLD.xlsx   15 KB | 354 downloads
  • #489
  • May 30, 2020 10:48am May 30, 2020 10:48am
Quoting MaxNNQ
First of all, thank Minotawr for sharing your trading system. It's so simple and elegant that I think everyone can make profit with it. I tried to do 100 backtest using bar replay on Tradingview. However I just manage to do 50 trades and the results is amazing I tested on GOLD/USD on daily chart and R:R is 2:1. With all respect, I add ADX and DI into your system to clarify the trend and determine when to stay out of the market. If price is closed to 100EMA or ADX line go under 20, don't trade. It help me win 32/50 trades. 64% win rate and...

Wonder what the optimal RR would be?
One would think the RR could be much higher than 2:1 with the 'Magic' "system".


Perhaps try 4: 1 RR or higher

but now on to more important stuff

Query: What is the difference between Magic and Magick?
  • #490
  • May 30, 2020 2:02pm May 30, 2020 2:02pm
Hello, when are the bsten entered with the adx, MaxNNQ.
Magic is when good people share simple profitable strategies for free
  • #491
  • May 30, 2020 6:02pm May 30, 2020 6:02pm
It's been some time since posting. I trade a different strategy. However, I still incorporate this and was thinking. Adding a 21EMA might help (thin green not thick).

See chart: in uptrend when price gets close to 21EMA you can set pending trades on the pin bars closest to the EMA in the trend direction.

I also personally use 30M for my entry. 21 EMA works best for me. I marked my entries in yellow with arrow as direction..

Thats my style though. Using the pin bars as you know there is strong resistance or support depending on trend direction.

Any questions... just ask.

Note: thick green line is 50EMA. Works well as extra support/resistance to see if trend reversal is coming. Thats for my system.

There were other pin bars to use but I just marked up mine rough so you get the idea.

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Quoting MaxNNQ
First of all, thank Minotawr for sharing your trading system. It's so simple and elegant that I think everyone can make profit with it. I tried to do 100 backtest using bar replay on Tradingview. However I just manage to do 50 trades and the results is amazing I tested on GOLD/USD on daily chart and R:R is 2:1. With all respect, I add ADX and DI into your system to clarify the trend and determine when to stay out of the market. If price is closed to 100EMA or ADX line go under 20, don't trade. It help me win 32/50 trades. 64% win rate and made 250%...
Try adding 21EMA and backtest with the pin bar entries on 30M. See which is better. I've not tested the percentage but works amazingly for me.
You can lead a horse to water, but you can't make it drink
  • #492
  • May 30, 2020 10:35pm May 30, 2020 10:35pm
Minotawr, I really like your system as it has huge potential
Working right know on some variation of money managment thar can be used in your system.

Menawhile is there any chance you can share the template.
I really like how your chart looks ( color, backgorund and everything)

Thank you.
  • #493
  • May 31, 2020 3:41am May 31, 2020 3:41am
Hello Miniotwar.

in your live experience and back testing, which currency pairs are best to trade with your strategy.

Thank you.
  • #494
  • May 31, 2020 5:19am May 31, 2020 5:19am
Quoting ingo3344
Hello, when are the bsten entered with the adx, MaxNNQ. Magic is when good people share simple profitable strategies for free
I put ADX into the system not to find the entry point but rather to know when we should look for something else or stay out and chill.
I find it best to keep the strategy simple and pending order on every candle. However, when the market go side way this strategy will not work. Therefore, I can increase the win rate by stop trading lol.
  • #495
  • Edited 6:48am May 31, 2020 6:24am | Edited 6:48am
Quoting xkwisit2001
It's been some time since posting. I trade a different strategy. However, I still incorporate this and was thinking. Adding a 21EMA might help (thin green not thick). See chart: in uptrend when price gets close to 21EMA you can set pending trades on the pin bars closest to the EMA in the trend direction. I also personally use 30M for my entry. 21 EMA works best for me. I marked my entries in yellow with arrow as direction.. Thats my style though. Using the pin bars as you know there is strong resistance or support depending on trend direction. Any...
Pin bar as a signal of reversal to enter the market is definitely help to improve the win rate.
However adding more line would create more noise, I think the key of this Magic 100 is simple. It's already tell us when and where to enter the market. I don't need to find the entry point here, I simply add ADX to give me the signal NOT TO TRADE.

Also how can you tell which is the closest candle to the 21EMA? On the history chart, it's easy to tell but as present how could you sure it is the one?
  • #496
  • May 31, 2020 6:59am May 31, 2020 6:59am
Quoting dagoods
{quote} Wonder what the optimal RR would be? One would think the RR could be much higher than 2:1 with the 'Magic' "system". Perhaps try 4: 1 RR or higher but now on to more important stuff Query: What is the difference between Magic and Magick?
Hello, I didn't get the question here.

2:1 is just the first quick test. I'll do the 3:1 later.

And MAGIC is as Ingo 3344 said:"Magic is when good people share simple profitable strategies for free "
  • #497
  • May 31, 2020 7:52am May 31, 2020 7:52am
Quoting Minotawr
ok guys, one more chart for education. This is H4 chart of EUR/AUD: Since a strong down movement accured (yellow line) and price under 100EMA, i`ve started to look for retracements. --> green candle 1 was formed. I put my pending sell stop order under the candle 1, SL above candle1 --> green candle 2 was formed. My pending order from candle 1 was not activated. I cancel pending order1. Now i put my pending order under the green candle2, SL above --> green candle 3 was formed. My pending order from candle 2 was not activated. I cancel pending order2....
Great example, very simple, will look at it how effective it is.
Anything above the line is an uptrend, below the line is a downtrend.
  • #498
  • May 31, 2020 1:39pm May 31, 2020 1:39pm
MaxNNQ, you can show again with a picture what you mean by the adx
  • #499
  • May 31, 2020 2:00pm May 31, 2020 2:00pm
@minotavr how was performance for month of May for you? April looked good.
  • #500
  • May 31, 2020 7:18pm May 31, 2020 7:18pm
Quoting MaxNNQ
{quote} Pin bar as a signal of reversal to enter the market is definitely help to improve the win rate. However adding more line would create more noise, I think the key of this Magic 100 is simple. It's already tell us when and where to enter the market. I don't need to find the entry point here, I simply add ADX to give me the signal NOT TO TRADE. Also how can you tell which is the closest candle to the 21EMA? On the history chart, it's easy to tell but as present how could you sure it is the one?
If you see pin bars and it's near 21EMA and direction is up then you set pending order on the pin bar. It's not hard to see if it's close to the moving average.

Even if other candles get closer it doesn't matter because it's a pending buy order.

I never told you to trade what I use, it's a mere suggestion in case it helps as its working great for me. If you go back to first post you'll see my quoted post. I know how to trade it perfectly.

Last 2 months completely green for me.

Trade safe.
You can lead a horse to water, but you can't make it drink
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