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Magic 100

  • #661
  • Edited 11:21pm Jun 9, 2020 11:04pm | Edited 11:21pm
Quoting founaud
{quote} Hi Xmess7, Thanks a lot for your effort! I have already downloaded the EA and I´m running it demo. Some few questions/clarifications: - Should I upload and run the EA in one chart, or should I do it in all 5 different pairs? I assume one is enough. - Have you run any backtest of the EA? What is the performance you got with the default parameters? - I can see that backtesting feature is disabled in the EA. It would be very useful, almost necessary, to run a backtest for optimizing the parameters of the EA. Would it be possible to enable in...

founaud: PLEASE look at the videos. In it I explain what it you can and cannot do..

1. LOAD the EA only on ONE CHART.
2. You cannot run back tests with this EA. You have to FORWARD TEST

Back testing is not needed at all. Forward testing will give u a much better realistic approach for your MM and etc.

I will be using this EA and the approach soon and provide stats.

Minotawr has an AWESOME approach in my view. It is up to the trader to determine how profitable they want to be.

Running the EA with all of the indicators in the input will more than likely not yield the results you expect.

I recommend to all,, pick 3-4 pairs. That is more than enough. Pick the trending ones (many of them right now)... and when the market changes,... tighten your tps...

Anyhow.... Please folks PM me about any EA questions....
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #662
  • Jun 9, 2020 11:20pm Jun 9, 2020 11:20pm
Quoting Ah-Ong
off topic, Every EA or Indicator should have William Roeder's download history code https://www.mql5.com/en/forum/188001#comment_4762736 {image}

Hi Ah-Ong: (next time pls send me a PM )

Wow thnx, I think I can use that function. But I use the CopyRates() function to populate a structure array(_bars[])

Inserted Code
CopyRates(_symbol,PERIOD_CURRENT,Time[0],2,_bars);

As you can see I only get the last 2 bars for the _symbol I am looping thru. that is _bar[0] and _bar[1]

then I check that the current candle _bar[0].high and net candle _bar[1].low are above/below ema100.
Once that is true, the I look to see that _bar[0].close>_bar[1].open(green candle1) or _bar[1].close<_bar[1].open(red candle1) is
what we are looking for, namely
- grean candle1 is below ema100 or
- red candle1 above ema100

if all that is true then HEC we got ourselves a signal and we proceed to open the pending order with the SL and the TP etc

OH yea before we open the pending order the EA checks to see if there is an existing pending order and closed it..

EAZY PEAZY....

Jess

PS: Make sure that you have the CORRECT price data when you are asking the MT4/MT5 server for it. In their documentation they TELL YOU that many times the servers WILL SEND YOU THE WRONG DATA. I took me a while to figure it out but the solution is you have to keep requesting until you confirm that the data is CORRECT.
Our AWESOME IMAGINATION is the true holy grail!
  • #663
  • Jun 10, 2020 12:28am Jun 10, 2020 12:28am
off topic,

When using copyrates, remember the 1st array data is the last candle data !!!

eg,
You copyrates 4 candles data, then
array[0] = candle[3]
array[1] = candle[2]
array[2] = candle[1]
array[3] = candle[0]
  • #664
  • Jun 10, 2020 1:05am Jun 10, 2020 1:05am
I should have wait for it to TP.
But not to manually close it.
Attached Image
  • #665
  • Jun 10, 2020 1:09am Jun 10, 2020 1:09am
checklist:
--trend HH/HL LH/LL
--EMA
--ADR
--S/R (look left)
--scheduled news
Attached Image (click to enlarge)
Click to Enlarge Name: 10.06.2020_16.04.58_REC.png Size: 16 KB
  • #666
  • Jun 10, 2020 2:24am Jun 10, 2020 2:24am
Quoting Ah-Ong
off topic, When using copyrates, remember the 1st array data is the last candle data !!! eg, You copyrates 4 candles data, then array[0] = candle[3] array[1] = candle[2] array[2] = candle[1] array[3] = candle[0]
Of course, the 1st array item or bar[0] is the current candle or the right most candle on the chart.
So then going form right to left we have bar[1], which is all i need.. only 2 bars... that makes for a faster data recovery.
I only need 2 so no need for any more

and you HAVE TO DOUBLE CHECK EACH TIME you get the data back from the MT4 server. Otherwise you can end up with last weeks bar[0] and bar[1] data... I saw this happen alot when I was building the LondonClose EA.... . So I GOT IT FIXED lol..

PEACE
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #667
  • Jun 10, 2020 3:06am Jun 10, 2020 3:06am
Quoting Minotawr
{quote} 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!
Thanks for the reply Minotawr.
Do you have any pairs on your watchlist for today?
Any orders pending ?
Thanks.
  • #668
  • Jun 10, 2020 3:11am Jun 10, 2020 3:11am
Quoting xmess7
{quote} 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
Consider it done, Jess.
Thanks.
Hercs.
Hercs
  • #669
  • Jun 10, 2020 3:27am Jun 10, 2020 3:27am
One more question.
How do you work out the amount to put on per point (I spread bet)
I am currently using the same amount but some pairs move a lot more than others so the loss is greater on some than others
So one losing position in a higher volatility pair could outweigh the win of another pair.
Anybody any suggestions to work out a suitable position size?
  • #670
  • Jun 10, 2020 3:40am Jun 10, 2020 3:40am
Quoting schoe
One more question. How do you work out the amount to put on per point (I spread bet) I am currently using the same amount but some pairs move a lot more than others so the loss is greater on some than others So one losing position in a higher volatility pair could outweigh the win of another pair. Anybody any suggestions to work out a suitable position size?
Use fix %risk

OP use 1% per trade
https://www.forexfactory.com/showthr...3#post12867833

Use attached indicator to calculate lot size.
credit to https://www.forexfactory.com/showthr...3#post12981053
1) measure SL in pips from the chart.
2) enter into LotCalculator.
3) The indicator will show u the lot size to meet %risk

Take note, this indicator did not work with DAX/DE30
Attached File(s)
File Type: mq4 LotCalculator.mq4   7 KB | 434 downloads
  • #671
  • Jun 10, 2020 3:49am Jun 10, 2020 3:49am
Quoting Ah-Ong
{quote} Use fix %risk OP use 1% per trade https://www.forexfactory.com/showthr...3#post12867833 Use attached indicator to calculate lot size. credit to https://www.forexfactory.com/showthr...3#post12981053 1) measure SL in pips from the chart. 2) enter into LotCalculator. 3) The indicator will show u the lot size to meet %risk Take note, this indicator did not work with DAX/DE30 {file}
Appreciated. Thanks for that.
  • #672
  • Jun 10, 2020 8:43am Jun 10, 2020 8:43am
Maybe it helps if you look at current trades, I'm in the usdjyp short, because he's come down a lot I'm not sure.
  • #673
  • Jun 10, 2020 9:02am Jun 10, 2020 9:02am
Quoting Ah-Ong
{quote} Use fix %risk OP use 1% per trade https://www.forexfactory.com/showthr...3#post12867833 Use attached indicator to calculate lot size. credit to https://www.forexfactory.com/showthr...3#post12981053 1) measure SL in pips from the chart. 2) enter into LotCalculator. 3) The indicator will show u the lot size to meet %risk Take note, this indicator did not work with DAX/DE30 {file}
This is a good position size indicator as well. just move the lines and it shows you how many lots.

Put it on the expert advisors.
Attached File(s)
File Type: mq4 Visual Position Size Calculator.mq4   9 KB | 439 downloads
  • #674
  • Jun 10, 2020 9:25am Jun 10, 2020 9:25am
I paid a guy to code me the alerts when the setup is ready. All alerts have been correct till now so I can share it with you with Minotawrs permission.

You need to attach it to each pair chart that you would want the alerts(desktop, push, email). You have also an option on/off to show past alerts(but don't focus that much on it).

It should greatly improve trading with whoever trades this strategy. And don't blindly take each alert you get.

All questions about the indicator should be send to my PM. No talking about it on forum, I will ignore all. Good luck to all.
Attached File(s)
File Type: ex4 Magic100.ex4   22 KB | 790 downloads

Indicator has no time expiry.
Anything above the line is an uptrend, below the line is a downtrend.
  • #675
  • Jun 10, 2020 9:39am Jun 10, 2020 9:39am
Quoting Degolep
I paid a guy to code me the alerts when the setup is ready. All alerts have been correct till now so I can share it with you with Minotawrs permission. You need to attach it to each pair chart that you would want the alerts(desktop, push, email). You have also an option on/off to show past alerts(but don't focus that much on it). It should greatly improve trading with whoever trades this strategy. And don't blindly take each alert you get. All questions about the indicator should be send to my PM. No talking about it on forum, I will ignore all....
That's very generous of you to share.
Will definitely help find set-ups.
Thank-you!
PS. I took 2R today on CADCHF short at 0.70853
  • #676
  • Jun 10, 2020 10:37am Jun 10, 2020 10:37am
Quoting Ah-Ong
{quote} Use fix %risk OP use 1% ............. this indicator did not work with DAX/DE30 {file}
Folk:

Just FYI, thrdthe EA providestprovides aaa LotsPerRisk option and works with any symbol. You can also use a lot per balance option as well.

I am in the process of adding the indices so the EA will trade them, so yup those will be covered too

Please
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #677
  • Jun 10, 2020 11:15am Jun 10, 2020 11:15am
Quoting ingo3344
Maybe it helps if you look at current trades, I'm in the usdjyp short, because he's come down a lot I'm not sure.
For sure Ingo.... I entered here yesterday just for demo purpose, although sl was bigger because running all night and I did not feel comfortable to put sl exactly like Mino describe, again, just for practice purpose. Tnx Mino for the system,
Attached Image
Make your own rules and stick to it.
  • #678
  • Jun 10, 2020 11:33am Jun 10, 2020 11:33am
nice win, but said today at lunchtime
  • #679
  • Jun 10, 2020 3:08pm Jun 10, 2020 3:08pm
EA UPDATE: Version 5 (FOLKS from now on please PM me with EA issue)

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

Now these are the types of bugs I was expecting! LOL. How do you move something that is not there? You can't cause it is not there LOL
For those of u that saw "error cannot move button".... version 5 has the fix and several other little things.

Last nite I had my testers (fellow traders that have helped me for years now) run the EA.
They had no issues.. and in fact some ended up with a 5% gain... just in one nite. Now I know they used alot more RISK than I do LOL. I recommend 0.5% risk of balance with a 1:2 ratio. Also just pick a couple of pairs you do not need 240 gazilion pairs LOL.

Remember this is a tool. Use it wizely and use your intuition with it. Like I said before.. you will SLEEP better LOL

Peace
JESS

PS: Almost done,, Just need to check a couple of things and this project is finished.
Attached File(s)
File Type: txt POST_MAG100EA_UPLOAD.txt   < 1 KB | 274 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #680
  • Jun 10, 2020 3:18pm Jun 10, 2020 3:18pm
good spotting ingo and charli.....this is the type of pattern I am looking for

short opportunities at arrows using Minotawr's entry rules

.....putting charts up in real time for discussion will be beneficial
Attached Image (click to enlarge)
Click to Enlarge Name: 11.06.2020_06.14.40_REC.png Size: 23 KB
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