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Magic 100

  • #741
  • Jun 12, 2020 3:50am Jun 12, 2020 3:50am
Hi all

What do people do when it comes to leaving trades overnight, do you close them or let them run and protect your profits?

Thanks
  • #742
  • Jun 12, 2020 4:08am Jun 12, 2020 4:08am
Quoting Morris89
Hi all What do people do when it comes to leaving trades overnight, do you close them or let them run and protect your profits? Thanks

yes I leave overnight, when scheduled news is not in the way
and i never carry over weekends
  • #743
  • Jun 12, 2020 5:45am Jun 12, 2020 5:45am
Quoting Morris89
{quote} 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
Hey Morris,

same here, i let the trades run overnight but never over the weekend.
  • #744
  • Jun 12, 2020 5:54am Jun 12, 2020 5:54am
Quoting Degolep
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...?
Hi Degolep, i figured this after countless hours of chart screening out. I`ve always wanted a simple and clean approach to trading. Thats why i develop the Magic100. But like i said before, the EMA 100 is just a visual tool for a quick review. And my backtesting had shown the EMA100 with best results. H1 Timeframe suits me and my style of living very much. I just wasn“t made for the smaller tf`s. But i think you will also be profitable with ohter timeframes as well.
  • #745
  • Jun 12, 2020 8:07am Jun 12, 2020 8:07am
Quoting Minotawr
{quote} Hey Morris, same here, i let the trades run overnight but never over the weekend.
Ok Thats brilliant also thanks PeterE for your reply.

Minotawr would you ever trade the wrong side of the ema so against the trend if the S/R supported it.

sorry for all the questions
Thanks
  • #746
  • Jun 12, 2020 10:49am Jun 12, 2020 10:49am
GBP/USD, GBP/JPY, AUD/JPY, DAX30,

I am sure you guys caught this beauties
  • #747
  • Jun 12, 2020 11:10am Jun 12, 2020 11:10am
Quoting Minotawr
GBP/USD, GBP/JPY, AUD/JPY, DAX30, I am sure you guys caught this beauties
Yes, let's not be only cheerleading positives, there are also negatives...negative for the day
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  • #748
  • Jun 12, 2020 11:17am Jun 12, 2020 11:17am
Quoting driven18
{quote} Yes, let's not be only cheerleading positives, there are also negatives...negative for the day {image}
I don’t want to throw too much into the mix here, as I know a system needs white and black rules, but what if you didn’t trade this until London.

That second trade was a loss and not really avoidable. But the first trade was clearly during little volume.

I would think that any signal should be “saying” the market is moving for a reason (with trend), but I also feel that if you’re trading where there is no volume, that the price isn’t saying near as much.
  • #749
  • Jun 12, 2020 11:18am Jun 12, 2020 11:18am
Quoting Minotawr
GBP/USD, GBP/JPY, AUD/JPY, DAX30, I am sure you guys caught this beauties
Manage to get on GU
Attached Image
  • #750
  • Jun 12, 2020 11:28am Jun 12, 2020 11:28am
Quoting driven18
{quote} Yes, let's not be only cheerleading positives, there are also negatives...negative for the day {image}
Positive for the day.
Some pairs should closed at 2R eg EURCHF
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  • #751
  • Jun 12, 2020 11:29am Jun 12, 2020 11:29am
Trades still running....happy face
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  • #752
  • Jun 12, 2020 12:10pm Jun 12, 2020 12:10pm
Quoting driven18
Trades still running....happy face {image}
Awesome Pro trading bro...
Our AWESOME IMAGINATION is the true holy grail!
  • #753
  • Jun 12, 2020 12:23pm Jun 12, 2020 12:23pm
Quoting xmess7
{quote} Awesome Pro trading bro...
The question is: Will it or will it Not hit TP before the cold beer in the afternoon? BE + 5 pips already in play. Will start trailing each bar high now.
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  • #754
  • Edited 1:05pm Jun 12, 2020 12:32pm | Edited 1:05pm
EA UPDATE: Version 6 (FOLKS from now on please PM me with EA issue)

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

Some of you are having issues with the "EA ALREADY ON CHART". This version fixes this (actually trying a different appraoch LOL).
Before loading EA PRESS F3 and remove the"xm7_magic_id" or "xm7_ea_chartid" globals.

ADDED EA support for DAX, US30, US500, gold,silver, brent crude, western texas crude (WTI) .
Now since I didn't get but a couple of responses i took my best guess on these symbols using brokers I have and some info. So the symbols might be different... for some on your brokers. Let me know. Plus this has not been tested on am MT4 platform, I have other bots that trade stocks/options and their symbols are well defined but this will be the first attempt at trading an indice on MT4... so beware!

Made adjustments to the BreakEven and Trailing functions. There were in the single pair mode and that is probably why many of you that tried to use them and had issues.

Took off the trade_direction input for the moment as this was only applicable to the all of the symbols.
Plan to possible add check marks or something on the chart for each pair and that way you can select the direction per pair on the chart.

Keep up the good work... i'll be updating this EA as I get time.... and until IT IS PERRRRFFFEECCTT lol

Peace
JESS

PS: New Input added "add xtra pips to TP". Yup just as it says... adds extra pips to the TP level...
Attached File(s)
File Type: txt POST_MAG100EA_UPLOAD.txt   < 1 KB | 300 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #755
  • Edited 12:52pm Jun 12, 2020 12:38pm | Edited 12:52pm
Thanks to Minotawr for Magic strategy, and Thanks to xmess7 for EA. seems the EA is expert enough so far ...
Attached Image (click to enlarge)
Click to Enlarge Name: MAgic 100 EA by xmess 7.jpg Size: 465 KB
If you don't build your DREAM, Someone will hire to help build theirs ...
  • #756
  • Jun 12, 2020 12:38pm Jun 12, 2020 12:38pm
Quoting driven18
{quote} The question is: Will it or will it Not hit TP before the cold beer in the afternoon? BE + 5 pips already in play. Will start trailing each bar high now. {image}
Don't know about the beer thing but based on my SUPER SECRET INDICATOR (my eyes LOL). I see this going no lower than 133.35. IF it gets that low then perhaps well see it start to range or it could take a bounce.... So yea trail the sucker.. or pick your profit and set the Stop at that level and LET IT RIDE. I did this once with my mom-in-laws account and in a couple of months it was swinging at about 1200 pipsIt was a EURUSD long). You just never know .....

J
Our AWESOME IMAGINATION is the true holy grail!
  • #757
  • Jun 12, 2020 12:42pm Jun 12, 2020 12:42pm
Quoting xmess7
{quote} Don't know about the beer thing but based on my SUPER SECRET INDICATOR (my eyes LOL). I see this going no lower than 133.35. IF it gets that low then perhaps well see it start to range or it could take a bounce.... So yea trail the sucker.. or pick your profit and set the Stop at that level and LET IT RIDE. I did this once with my mom-in-laws account and in a couple of months it was swinging at about 1200 pipsIt was a EURUSD long). You just never know ..... J
Xmess ..and "add pips to entry" ?


Admitted, you just forgot about your mom-in-law account... to the benefits of all
  • #758
  • Jun 12, 2020 1:00pm Jun 12, 2020 1:00pm
Quoting driven18
{quote} Xmess ..and "add pips to entry" ? Admitted, you just forgot about your mom-in-law account... to the benefits of all
Damn! I forgot let me do that right now!

EDIT: DONE! go download v6... you will see the new input "add xtra pips to TP".
Our AWESOME IMAGINATION is the true holy grail!
  • #759
  • Jun 12, 2020 1:02pm Jun 12, 2020 1:02pm
Inserted Video


Another useless post! lol

A good song to listen to with your beer!

"How far can you take it
Before you realize
There's Magic in your eyes!"
-The Cars
  • #760
  • Jun 12, 2020 1:09pm Jun 12, 2020 1:09pm
Quoting xmess7
{quote} Damn! I forgot let me do that right now! EDIT: DONE! go download v6... you will see the new input "add xtra pips to TP".
Thank you.
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