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Magic 100

  • #761
  • Jun 12, 2020 1:10pm Jun 12, 2020 1:10pm
Quoting dagoods
https://www.youtube.com/watch?v=5viG...&start_radio=1 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
Ahhh..The Cars - good one!
  • #762
  • Jun 12, 2020 1:11pm Jun 12, 2020 1:11pm
Quoting drsa1970
Thanks to Minotawr for Magic strategy, and Thanks to xmess7 for EA. seems the EA is expert enough so far ... {image}
drsa1970:
Check your PMs please.

Thnx Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #763
  • Jun 12, 2020 1:15pm Jun 12, 2020 1:15pm
Quoting xmess7
{quote} drsa1970: Check your PMs please. Thnx Jess

Nooooo ..you been drinking beer already? Not to TP, to entry not to get filled on high ask

"add xtra pips to Entry"
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  • #764
  • Jun 12, 2020 1:35pm Jun 12, 2020 1:35pm
So everyone collecting pips before the weekend , he?

Awesome trading days so far this month. Take your profits and enjoy, like Peter said it doesn't goes like this forever. But with Magic 100 you are prepared for the hard times as well .

I am happy for you all. You doing a good job here.

Relax and we see each other on monday
  • #765
  • Jun 12, 2020 1:43pm Jun 12, 2020 1:43pm
Quoting Minotawr
So everyone collecting pips before the weekend , he? Awesome trading days so far this month. Take your profits and enjoy, like Peter said it doesn't goes like this forever. But with Magic 100 you are prepared for the hard times as well . I am happy for you all. You doing a good job here. Relax and we see each other on monday
Minotawr, when you say hard times, you mean we will get punished in the Range Markets, right?

I know it is impossible to predict or to avoid it ...how do you plan to at least minimize the damage if we are trading specifically via ea?
  • #766
  • Jun 12, 2020 1:53pm Jun 12, 2020 1:53pm
Quoting driven18
{quote} Minotawr, when you say hard times, you mean we will get punished in the Range Markets, right? I know it is impossible to predict or to avoid it ...how do you plan to at least minimize the damage if we are trading specifically via ea?
Easy. Lower your risk and lower your TP. Use less pairs and when you see PROFIT CLOSE IT.
Then just follow your rules and SOYH! lol

Seriously.. this is the adjustment I will make. What we are seeing now has been experienced by many of us. I remember in 05 -08 doing like 300-2000 pips a pop.
Then when the markets stopped moving... I was giving BACK what I had gained and more cause I did not adjust properly.

So take advantage of the volatility but be ready to change yer style of trading.

Simple..
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #767
  • Jun 12, 2020 1:57pm Jun 12, 2020 1:57pm
EA UPDATE version 7 coming soon.

Folks:
Turns out that there is a bug that is caused by the data that the MT4 server provides. The EA will query the MT4 server for ohlc candle data for each time it checks on a pair. Well, even though I have it checking and making repeat requests the MT4 servers from time to time will deliver INCORRECT data. Hence why some of you are seeing WRONG entries... for example the EA asks for the candle data of this moment... the server delivers but for a candle data of 6 bars ago... or worse last week.

The MT4/5 documentation does warn about this. So I did add a fix and I have a couple of folks testing it to make sure it works.
Version 7 coming up soon.

Now if you are not experiencing this issue you should be ok, it seems that the issue is with certain brokers... just be vigilant.

Stay tuned...

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #768
  • Jun 12, 2020 1:59pm Jun 12, 2020 1:59pm
Quoting driven18
{quote} Nooooo ..you been drinking beer already? Not to TP, to entry not to get filled on high ask "add xtra pips to Entry" {image}
dang it... I drank the beer ... ok let me fix it NOW LOL

EDIT: DONE! go get version 6... version 7 will also have this when it is released
Our AWESOME IMAGINATION is the true holy grail!
  • #769
  • Jun 12, 2020 2:02pm Jun 12, 2020 2:02pm
Quoting driven18
{quote} Minotawr, when you say hard times, you mean we will get punished in the Range Markets, right? I know it is impossible to predict or to avoid it ...how do you plan to at least minimize the damage if we are trading specifically via ea?
Odds are this could very well be true. I have used since 2016 a profitable method, especially for ranging market. When trend is too strong and lasts days on end like it has in past few weeks it becomes a chess game. Hence, why I was interested in this trend following system. If I could get an edge on trend trading then I could be well rounded.

So my opinion is that in order to avoid those ranging days punishment then one should have a profitable ranging market system to help. Not suggesting mixing both, both are good as is, but if one refuses to not trade once it is clear the market is not trending, then next best thing is to be able to trade in range also. Although, there will always be a pair trending in any given week.

Remember, trading is probabilities. Trade might or might not work out, that is not the issue. If one sticks to the rules of a profitable system and not deviate from it, in the longer term it will reward you nicely. Great job by all those here, see didn't even need me around. I do not give signals nor am one to post at all times. But as a retired counselor with a PhD I do like to speak on the psychological side of things. Plus I do push people to their limits, most often they get annoyed by me, but it's in my nature to truly want to help others and see their best come to life.

Wishing you all the best.

PS. You will be rewarded beyond belief for all you have done Minotawr.
Invest in Life
  • #770
  • Jun 12, 2020 2:20pm Jun 12, 2020 2:20pm
I get the feeling that people on this thread are confusing the reason for having this EA. It's NOT to have it trade for you 100% without intervention, like what most people want an EA to do for you. THIS EA is more of a trade assistant. Once Xmess7 has the EA totally finished with the ability to "choose" direction on the chart, it will be 100% up to the trader to decide which pair to trade. The EA will place the trades exactly how they are supposed to be placed and manage the trades quicker and more precise then we can do manually. This EA will make your "job" trading this strategy MUCH MUCH easier, but it will ultimately still be up to the trader to make the most important decision of all.......which pairs to trade and what risk % and rr you want to use for each trade.
  • #771
  • Jun 12, 2020 2:28pm Jun 12, 2020 2:28pm
Quoting bojack34
I get the feeling that people on this thread are confusing the reason for having this EA. It's NOT to have it trade for you 100% without intervention, like what most people want an EA to do for you. THIS EA is more of a trade assistant. Once Xmess7 has the EA totally finished with the ability to "choose" direction on the chart, it will be 100% up to the trader to decide which pair to trade. The EA will place the trades exactly how they are supposed to be placed and manage the trades quicker and more precise then we can do manually. This EA will...
I disagree for the only one reason. We never know when the trend begins or ends. Keep ea running. Seat on your hands. It will be good, it will be bad. The only thing to adjust in EA is position size, if losses begin to mount.
  • #772
  • Jun 12, 2020 3:13pm Jun 12, 2020 3:13pm
Quoting xmess7
deliver INCORRECT data.
.
happen when, history ohlc are incomplete.
loop verify the chart history (all timeframe) at Oninit() function.
that should solve your problem.
  • #773
  • Jun 12, 2020 3:37pm Jun 12, 2020 3:37pm
Quoting Minotawr
GBP/USD, GBP/JPY, AUD/JPY, DAX30, I am sure you guys caught this beauties
Something like this?
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  • #774
  • Jun 12, 2020 3:38pm Jun 12, 2020 3:38pm
i really want to thank @https://cdn-assets.faireconomy.media...ar783921_3.gif Minotawr for this great system. my 1st time of trading with this system, it was only one pair and it hit my TP.. today i took six trades and one hit SL and 3 pairs hit TP 1:1.5 and 1:2.. here are the screenshot of the trade
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  • #775
  • Edited Jun 13, 2020 7:07am Jun 12, 2020 4:47pm | Edited Jun 13, 2020 7:07am
Quoting xmess7
{quote} Easy. Lower your risk and lower your TP. Use less pairs and when you see PROFIT CLOSE IT. Then just follow your rules and SOYH! lol Seriously.. this is the adjustment I will make. What we are seeing now has been experienced by many of us. I remember in 05 -08 doing like 300-2000 pips a pop. Then when the markets stopped moving... I was giving BACK what I had gained and more cause I did not adjust properly. So take advantage of the volatility but be ready...

good points Jess.

the market is being very kind at present, thanks to an increased ADR due to the pandemic
these gains can easily be lost and worse as you say when the market "normalizes"....ie ADR's settle down

when ADR's begin declining you'll know the party is over.
  • #776
  • Jun 12, 2020 5:20pm Jun 12, 2020 5:20pm
Quoting bojack34
I get the feeling that people on this thread are confusing the reason for having this EA. It's NOT to have it trade for you 100% without intervention, like what most people want an EA to do for you. THIS EA is more of a trade assistant. Once Xmess7 has the EA totally finished with the ability to "choose" direction on the chart, it will be 100% up to the trader to decide which pair to trade. The EA will place the trades exactly how they are supposed to be placed and manage the trades quicker and more precise then we...
good point bojack.....this EA is an order manager not a trading robot

that said, once I've decided market XYZ is good to trade, I still want to manually peruse individual bars before making the final decision
  • #777
  • Jun 12, 2020 5:23pm Jun 12, 2020 5:23pm
Quoting PeterE
{quote} good point bojack.....this EA is an order manager not a trading robot that said, once I've decided market XYZ is good to trade, I still want to manually peruse individual bars before making the final decision
exactly. and once the final decision has been made you turn it over to the EA. Finding the best trending pairs is the most important part to this strategy, which is done by the eye. Not by the 100MA. You really don't need any indicators at all. It's basically ALL PA.......all while paying attention to time of day, high impact news, etc...
  • #778
  • Jun 12, 2020 7:24pm Jun 12, 2020 7:24pm
Quoting youngjosh
i really want to thank @{image} Minotawr for this great system. my 1st time of trading with this system, it was only one pair and it hit my TP.. today i took six trades and one hit SL and 3 pairs hit TP 1:1.5 and 1:2.. here are the screenshot of the trade{image}{image}{image}{image}{image}{image}{image}
Hi Youngjosh, could you supply the support/resistance indicator file. It looks good.
Thank you so much.
  • #779
  • Edited 11:04pm Jun 12, 2020 10:36pm | Edited 11:04pm
Quoting Minotawr
Attached is my account balance since my holidays.
can that DD be reduced?.....a simple check of the next higher TF's price action might be the answer

the current WL of 4:6 @1:2RR becomes 6:4 @1:2RR

.
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  • #780
  • Jun 12, 2020 11:16pm Jun 12, 2020 11:16pm
Quoting Hairi
{quote}. happen when, history ohlc are incomplete. loop verify the chart history (all timeframe) at Oninit() function. that should solve your problem.
Thnx Hair. Yup i already do a loop for that each time a new pair is analyzed

The other thing that saw happening was this. The code I am using is from another EA(LondonClose approach) I had developed. In that case I only verify the current day's date. That fix is working perfectly now for more than 7 months. So for this EA when I saw one of the debug logs I noticed that the candle date was still within the correct date but not the time.

So, in addition to bumping up the number of request, I am now looking to also verify the datet and time of the returned candle match that if the w currently candle of symbol.. I am confident that this will fix the issue.

So all is gooood
Jess
Our AWESOME IMAGINATION is the true holy grail!
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