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Magic 100

  • #721
  • Jun 11, 2020 2:57pm Jun 11, 2020 2:57pm
Quoting ingo3344
goes even without indis {image}
100ma is just a quick visual to keep you on the right side of the market
but in fact market structure tells all, no indicators required!
  • #722
  • Jun 11, 2020 2:59pm Jun 11, 2020 2:59pm
Quoting Minotawr
{quote} Hey Morris, when i take my profit, i try to relax and enjoy a glas (or two) of wine. Next day i am looking for another setups
great attitude
  • #723
  • Jun 11, 2020 2:59pm Jun 11, 2020 2:59pm
Quoting Degolep
{quote} Didnt know germans drink wine, lol
HAHAHA, After a crate of beer, we can also tolerate a wine. Thanks mate
  • #724
  • Jun 11, 2020 3:04pm Jun 11, 2020 3:04pm
Quoting Minotawr
Self discipline is the center of all material of success... Everyone wants to be the best in the market but no one knows the real efforts, sacrification and hustle that is required to reach that level. Attached is my account balance since my holidays. The result is not exactly what you hear from the gurus, heh? Not another doubled account, nor a millionaire over night. How many are capable to stand the drawdowns? I just believe in my system and my skills. And the reward is the constantly growing. I don't want to sell you anything, just appeal to...
drawdown....what!!??

to be honest, the markets are being very friendly at the moment, they are not usually like this

it will get harder, there will be drawdowns and doubts for the beginners,....skills are honed during such times
  • #725
  • Jun 11, 2020 3:18pm Jun 11, 2020 3:18pm
First trade on my live account and i bottled it after seeing the two candles spike a little, but i am happy with tp2 onwards and upwards

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  • #726
  • Jun 11, 2020 3:35pm Jun 11, 2020 3:35pm
Quoting Morris89
First trade on my live account and i bottled it after seeing the two candles spike a little, but i am happy with tp2 onwards and upwards {image}
Nice my friend!

Now add a 1:3 RR TP to it and i will call you Magus
  • #727
  • Jun 11, 2020 3:38pm Jun 11, 2020 3:38pm
Quoting Minotawr
{quote} Nice my friend! Now add a 1:3 RR TP to it and i will call you Magus
well i currently have 4 other trades going but all hovering around the 1:1 atm but holding a trade is my next step.

Do you hold trades overnight or do you close them before you go to bed?

Thanks for your help
  • #728
  • Jun 11, 2020 3:48pm Jun 11, 2020 3:48pm
Minotawr how or where did you come to the idea of the EMA100 as a "trend direction"? Why not 200EMA or 100SMA? or 50 etc...? And why H1 and not M30 or H4 etc...?
Anything above the line is an uptrend, below the line is a downtrend.
  • #729
  • Jun 11, 2020 3:49pm Jun 11, 2020 3:49pm
Look on the S&P500... 3 clear 1:3 profit trades. You just need one instrument that you will mastered after all
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  • #730
  • Jun 11, 2020 4:20pm Jun 11, 2020 4:20pm
Watchlist: NZDUSD, GBPUSD
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  • #731
  • Jun 11, 2020 4:48pm Jun 11, 2020 4:48pm
Quoting PeterE
Watchlist: NZDUSD, GBPUSD {image}
Nice very nice... elegant and simple...
J
Our AWESOME IMAGINATION is the true holy grail!
  • #732
  • Jun 11, 2020 5:15pm Jun 11, 2020 5:15pm
Some trades I took today.
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  • #733
  • Edited 6:21pm Jun 11, 2020 5:54pm | Edited 6:21pm
Quoting PeterE
Watchlist: NZDUSD, GBPUSD {image}
waiting for a better retrace

edit: which means I may miss out
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  • #734
  • Jun 11, 2020 10:05pm Jun 11, 2020 10:05pm
Hi Minotawr, I love this strategy, I am manual trading and the results so far are brilliant
I am combining it with the Trend Magic indicator, it's a shame the indicator doesn"t have
and audio alert, I also use the 20, 50, and 100 moving average on both 1hr and 4 hr
to determine the trend, works well thank you
  • #735
  • Jun 11, 2020 10:38pm Jun 11, 2020 10:38pm
Quoting joneepom
Hi Minotawr, I love this strategy, I am manual trading and the results so far are brilliant I am combining it with the Trend Magic indicator, it's a shame the indicator doesn"t have and audio alert, I also use the 20, 50, and 100 moving average on both 1hr and 4 hr to determine the trend, works well thank you
Hi Joneepom! I use TrendMagic in a couple strategies. Can you share how you are using it with Magic 100? Can you also share details on your results? Thanks!
Believe and Achieve!
  • #736
  • Jun 11, 2020 10:59pm Jun 11, 2020 10:59pm
Hi sirwolf, sorry it's not trend magic I use it"s Magic100 sorry if I misled you, I wait for the magic arrow to appear then
check with the moving averages on 1hr and 4 hr if they are both trending the same way and in the direction of the Magic 100
arrow and if it"s not coming up to support or resistance I take the trade, I hope this helps
  • #737
  • Jun 11, 2020 11:35pm Jun 11, 2020 11:35pm
Quoting Minotawr
How many are capable to stand the drawdowns?
I know this will vary from person to person but I am interested to know what your win loss ratio is.....5:5??
  • #738
  • Jun 12, 2020 1:46am Jun 12, 2020 1:46am
Quoting Minotawr
Look on the S&P500... 3 clear 1:3 profit trades. You just need one instrument that you will mastered after all {image}

Hi Minotawr,

Thanks for this great strategy. Can you kindly share your TP levels?
  • #739
  • Jun 12, 2020 3:24am Jun 12, 2020 3:24am
Quoting GPipz
{quote} Hi Minotawr, Thanks for this great strategy. Can you kindly share your TP levels?
1:2 or 1:3, see post 1
  • #740
  • Jun 12, 2020 3:37am Jun 12, 2020 3:37am
Quoting oalalexlex
Hi Hercs yea im using V5, so when i try to load the ea first time it was okay. Then when i click on the pair to change the chart (on the ea dashboard), suddenly the EA was gone the dashboard went blank as well, and when u right clicked on the chart there were no "expert advisor" so i tried few things including try to open new chart, delete and readd the files, changing magic number, restart app, so far no luck. from fresh blank chart, whenever i try to load the EA it keep saying the EA alreadh running and unloading EA. But there's no EA loaded....
Thanks for replying so quickly, oalalexlex.
I have the same problems and have written to Jess.
Continued success to you.
Hercs.
Hercs
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