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Magic 100

  • #641
  • Jun 9, 2020 3:08pm Jun 9, 2020 3:08pm
Quoting Minotawr
Guys, don`t be excited about an EA. Believe me, an EA could never work on this system. Remeber post 1? I said it before, you just cannot take any setup blindly. You still need your "common sense". The ability to decide between a bad setup and good setup could not be replaced by such an EA. You have to take responsibility for your actions!
EXACTLY. The EA is just a tool. The TRADER must still use their ability to detect trend DIRECTION and then instruct the EA which way to trade.

The EA when working fine(no bugs LOL), well place trades for you then you as the trade can monitor them at your leisure.

At the least you will:
1. Not miss trades you have interest in
2. Have MM set solidly
3. Not be tempted to change your mind or change MM
4. Have entries that are consistent with this approach.
5. AND MOST IMPORTANT, SLEEP more cause you do not need to be up at certain times (especially here in the PST time zone) LOL

All of you know, the most important aspect of YOU as a professional trader is that you EXECUTE your plan with out deviation. I know of no extremely successful professional trader that does abide by this simple rule.

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #642
  • Jun 9, 2020 3:31pm Jun 9, 2020 3:31pm
Quoting xmess7
Version 2 is UP and OPERATIONAL. (thank you degolep for the logs but didn't need them, the fix was REAL simple ) DownLoad: https://github.com/xmess7/Magi100 I made Video2, and on it I show the EA running and some additional things I added to it. https://youtu.be/y8Pc0MCyl2I Video1 is also on github and contains the basic info of the inputs. The EA only performs the operations as indicated by the originator on pg1. Nothing extra other than solid MM has been added to it. So use it as a tool, first determine the trend...
Have you make a backtest?
  • #643
  • Edited 11:25pm Jun 9, 2020 3:49pm | Edited 11:25pm
EA UPDATE: Version 3 (FOLKS from now on please PM me with EA issue) EDIT: version 4 is now available

DownLoad:
https://github.com/xmess7/Magi100

I forgot to add the condition of 1 trade per symbol attempt LOL. I state this in the video but in reality the EA actually has the condition of only trading one trade attempt period...

So version 3 can now concentrate on the pair that has an open trade and apply the limit only to that pair.

PEACE
Jess
Attached File(s)
File Type: txt POST_MAG100EA_UPLOAD.txt   < 1 KB | 250 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #644
  • Jun 9, 2020 3:51pm Jun 9, 2020 3:51pm
Quoting Degolep
{quote} I've setup the EA, and I don't know why this two orders have been made? None of them is correct, maybe the USDJPY if it adds the spread on the previous bullish candle. But EURUSD is off, because the bullish candle hasnt closed yet and we are in a downtrend. {image} {image}

First of all WHERE IS THE EA lol. I don't see it on the chart.
Second please show the expert log. That will show exactly when the orders were placed and at what levels.

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #645
  • Jun 9, 2020 3:54pm Jun 9, 2020 3:54pm
Quoting Morris89
{quote} Hi Xmess7 Just ran your EA while i was away from the computer for a few hours and unless i am wrong i believe the setups are wrong, as on USDJPY for instance the entry and SL should be where my arrows/lines are and not where they have been triggered. if i am wrong please do tell me Regards {image}

I forgot to ask where is the EA. You can have it on the chart ... and just click on the buttons... to get that USDJPY.

I Ask you this just as I did with Degolep. U see if the EA is not on the screen then that tells me that it froze. Is that correct?
Did the EA freeze and unload itself???

Thnx
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #646
  • Jun 9, 2020 3:57pm Jun 9, 2020 3:57pm
I had it on don't worry and it didn't freeze. I just wanted to show you the pending orders thats all.
Anything above the line is an uptrend, below the line is a downtrend.
  • #647
  • Jun 9, 2020 4:19pm Jun 9, 2020 4:19pm
Quoting schoe
{quote} Thanks for this system Minotawr I am learning it and it suits my trading style. I took my first trade today in USOIL Short and made 3R. How do you set out your screen(s) (?) do you have lots of charts on display or scan through the different time frames etc one at a time? Just trying to understand how you structure your trading day , your routines to find the charts you decide to trade etc. Thanks again. Schoe.
Hey my friend, welcome! For your question: I just scan trough the pairs once an hour. I only trading H1 timeframe on my daily routine. Sometimes if i am busy i am trading on the Daily TF. Not necessary to hang the whole day before the screen . I set my orders and go away and enjoy life.

Stay safe!
  • #648
  • Jun 9, 2020 4:20pm Jun 9, 2020 4:20pm
Quoting xmess7
{quote} I forgot to ask where is the EA. You can have it on the chart ... and just click on the buttons... to get that USDJPY. I Ask you this just as I did with Degolep. U see if the EA is not on the screen then that tells me that it froze. Is that correct? Did the EA freeze and unload itself??? Thnx Jess
Xmess77
I will post log tomorrow for you (uk time) if i know how, i have the ea set on its on tab i sent a clearer pic of the setup so you can see what i was trying to say.
Thnx
  • #649
  • Jun 9, 2020 4:21pm Jun 9, 2020 4:21pm
Quoting Wellington
{quote} Hi Minotawr - really enjoying your thread, I caught the EURUSD - got long at 1.1271 but I didn't have the nerve to hold it all the way and sold out towards the top of the recent hourly highs at 1.1309. Still a nice profit, nearly 39 pips but there was evidently a lot more on the table
Hey mate, thank you. Just have patience, believe me, the rewards are higher! You need small losses and big wins to be profitable in the long run.
  • #650
  • Jun 9, 2020 4:23pm Jun 9, 2020 4:23pm
@Minotawr Do you have any preferred pairs that you trade? With which pairs do you have most success? Also low ADR vs high ADR pairs which would be easier or harder to trade using this strategy?
  • #651
  • Edited 4:42pm Jun 9, 2020 4:24pm | Edited 4:42pm
Quoting ingo3344
eurusd would have been too insecure for me, because he ran sideways and ran on the ema. why are you clean?
You do it right my friend. If you have a bad feeling about a setup, just don`t trade.

For me the trend has not lost its strength, and this bearish pinbar convinced me
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 35 KB
  • #652
  • Jun 9, 2020 4:28pm Jun 9, 2020 4:28pm
Quoting Morris89
{quote} Hi Minotawr hope you are well, just seen this on EURAUD would you have taken the potential trade with the upcoming level to the left or would you have waited for an entry after? Thanks {image}
Hey Morris, no i wouldn`t trade this one. Just be carefull on such setups. Wait for the trend to be stable, first cut of the EMA doesn`t mean the trend direction is changing yet necessarily.
  • #653
  • Jun 9, 2020 4:31pm Jun 9, 2020 4:31pm
Quoting fx11trade
@Minotawr Do you have any preferred pairs that you trade? With which pairs do you have most success? Also low ADR vs high ADR pairs which would be easier or harder to trade using this strategy?
Hey mate, sorry. Just look on the thread. The question was answered several times
  • #654
  • Jun 9, 2020 6:27pm Jun 9, 2020 6:27pm
Quoting davemiata
{quote} Have you make a backtest?
Sorry no backtesting for this. You will have to Forward test to determine your profitability
Our AWESOME IMAGINATION is the true holy grail!
  • #655
  • Jun 9, 2020 6:29pm Jun 9, 2020 6:29pm
Quoting Morris89
{quote} Xmess77 I will post log tomorrow for you (uk time) if i know how, i have the ea set on its on tab i sent a clearer pic of the setup so you can see what i was trying to say. Thnx
Morris89, thank you.

FOLKS from now on please PM me with EA issue. That we we keep the thread clean and on subject.

Oh and if u need to post or send me something I will give ya my email to do so in the PM.

Thank you.
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #656
  • Jun 9, 2020 7:20pm Jun 9, 2020 7:20pm
Quoting Minotawr
{quote} You do it right my friend. If you have a bad feeling about a setup, just don`t trade. For me the trend has not lost its strength, and this bearish pinbar convinced me {image}
Hi Minotawr, first I want to say thank you for your system, first time I become consistent.
But, my loss is very close to the wins.

That's why I have several question.

I've read all the posts, and I know your possible answer, "look at the trend and follow the common sense" but, have you some suggestion for select your trades?

For example in your last post you don't enter in several possible setups why?. I know why you enter in the last one (bearish pinbar) but why dont enter to the another ones.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 45 KB


Also i want to share my happiness.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDNZDH1.png Size: 123 KB


Regards,
  • #657
  • Jun 9, 2020 9:37pm Jun 9, 2020 9:37pm
Hi Minotawr,

Do you take
1) EVERY trades (1 trade per day per pairs) that meet the rules +"common sense"
https://www.forexfactory.com/showthr...7#post12846057

or

2) Pick some trades that meet item (1) above and skip some other trades which also meet item (1) above.

I ask because some traders claim that we should take EVERY trades that meet the rules that OP listed in order for equity grow or achieve what OP claimed. If we skip some trades and take some trades, which may result skip out profitable trades but take the losser trades, and the equity grow may affected and cannot achieve what OP claimed.

Thanks
  • #658
  • Edited 11:24pm Jun 9, 2020 10:12pm | Edited 11:24pm
EA UPDATE: Version 4 (FOLKS from now on please PM me with EA issue)

DownLoad:
https://github.com/xmess7/Magi100

Further confirmation on EA operation was tested and I found I needed to make some code adjustments.
EA is able to move pending order if it is not filled.. before it was just placing new pending orders... STACKING them backward LOL.
Confirmed operation, and it is working.

I also added a new input.
minStopLossRange. Like minBarSize, it allows you to tell the EA how big of a stopLoss range is allowed for a pending order to be opened.
Both of these additional inputs (minStopLossRange and minBarSize) allow u filter those pending orders where the signal candle is smaller than you want it to be and smaller stop loss ranges. Explanation in video:
Inserted Video


PEACE
Jess

PS: I am kinda surprise that you are getting the bugs you are getting. The reason is that I have done this before (multiple pairs on one chart bots).
The LondonClose EA (https://www.forexfactory.com/showthr...5#post12929485) is an great working example. That EA has been in operation for many months now and it does Fibs per pair you select, which is a little more complex than this approach, just a little LOL. No issues with that one...
I was expecting other types of bugs. But OH well it is what it is.
Attached File(s)
File Type: txt POST_MAG100EA_UPLOAD.txt   < 1 KB | 264 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #659
  • Jun 9, 2020 10:39pm Jun 9, 2020 10:39pm
off topic,

Every EA or Indicator should have William Roeder's download history code
https://www.mql5.com/en/forum/188001#comment_4762736
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 30 KB
  • #660
  • Jun 9, 2020 10:58pm Jun 9, 2020 10:58pm
Quoting Hercs
{quote} xmess, Will this work on US30 and DAX? I downloaded the first version and it did not work, so I guessed it has something to do with my 5 digit chart on US30. Thanks Degolep for your contribution too. My "need" for this is the late US entries when I am off-line to fill my coffers. Looking forward to hearing from you. Continued success to you. Hercs. PS. what does this mean? 2020.06.09 09:55:40.887 xm7_Magic100_EA_v2 US30,H1: zero divide in 'profitCalculations.mqh' (34,51) Thx for replying.

Hercs:
No it doesn't but now that you mention it I will provide an update that will allow it to work on indices.

Oh and the divide by zero more than likely has to do with US30 not being a forex instrument.

Please from now on PM me about any questions. I will be posting updates here but I want to EA conversation via PM..

Thnx
Jess
Our AWESOME IMAGINATION is the true holy grail!
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