Magic 100 | Page 40 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Magic numbers question 12 replies

Ever seen this magic number bug? 4 replies

magic is back! 11 replies

Magic Numbers for Mutiple EA 9 replies

Attachments: Magic 100
Exit Attachments

Magic 100

  • #781
  • Jun 12, 2020 11:34pm Jun 12, 2020 11:34pm
Quoting PeterE
{quote} 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 . {image}
I don't think the drawdown problem is related to trend determination. Although you may not even need EMA100 to find the trend, it does the job fine. The problem, IMO, is the messy retracements, especially when price is far away from EMA100.

Regards,
Blackeagle
  • #782
  • Jun 12, 2020 11:49pm Jun 12, 2020 11:49pm
Quoting Blackeagle
{quote} I don't think the drawdown problem is related to trend determination. Although you may not even need EMA100 to find the trend, it does the job fine. The problem, IMO, is the messy retracements, especially when price is far away from EMA100. Regards, Blackeagle
if it is "messy" retracements as you say then not much can be done,
but not convinced at this point
  • #783
  • Edited 12:44am Jun 13, 2020 12:30am | Edited 12:44am
Quoting PeterE
{quote} if it is "messy" retracements as you say then not much can be done, but not convinced at this point
Like this one. I don't think next higher TF price action would help. The solution to reduce the noise and drawdown would be to wait for deeper retracements or location, location, location.

Regards,
Blackeagle
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 98 KB
  • #784
  • Jun 13, 2020 12:43am Jun 13, 2020 12:43am
So, instead of taking trades anywhere above/below EMA100, how about focusing on shaded rectangles and using the entry rule? Location, location, location!!!

Regards,
Blackeagle
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 103 KB
  • #785
  • Jun 13, 2020 1:43am Jun 13, 2020 1:43am
Quoting carmelina
{quote} Hi Youngjosh, could you supply the support/resistance indicator file. It looks good. Thank you so much.
Attached File(s)
File Type: ex4 SS_SupportResistance_v04c original mod.ex4   18 KB | 550 downloads
  • #786
  • Jun 13, 2020 3:33am Jun 13, 2020 3:33am
Quoting Blackeagle
So, instead of taking trades anywhere above/below EMA100, how about focusing on shaded rectangles and using the entry rule? Location, location, location!!! Regards, Blackeagle {image}

No doubt better “locations” as you refer to it, will improve results.
My personal preference is to have H4 on my side also.
  • #787
  • Jun 13, 2020 4:56am Jun 13, 2020 4:56am
Quoting Blackeagle
So, instead of taking trades anywhere above/below EMA100, how about focusing on shaded rectangles and using the entry rule? Location, location, location!!! Regards, Blackeagle {image}
How do we follow the entry rule here and what direction (buy or sell).
  • #788
  • Jun 13, 2020 6:33am Jun 13, 2020 6:33am
I have been following this thread from the start and started to trade it on a live account for the past 2 weeks.

I made a few minor modifications and so far its working really well with hardly any losses.

1. I use 200 SMA as the baseline
2. I also use the red line of the alligator indicator as an additional baseline
3. Only enter (buy) if above both baselines.
4. I take two trades (1% each) I close one at 1:1 and trail the other one (using ATR on the timeframe I am trading on)
5. If a candle closes behind the green of the alligator I do not trade until it crosses back and closes above the green line.
6. In addition I try to trade only when above the 200SMA on higher timeframes

Don't trade when the price is repeatedly crossing the alligator indicator or when it is all tangled up ( This is a great visual cure when to stay away)
The alligator also helps to show a strong trend when the three lines fan out and are clearly separated.

about 70-80% winners so far.

Biggest problem is moving the Pending orders every hour..I wish the EA would allow you to specify 2 baselines! and trail by ATR multiple.
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 126 KB
  • #789
  • Jun 13, 2020 7:57am Jun 13, 2020 7:57am
Hi money, in the horizontal channel you draw, whay dont you take a buy order after the second red candle? it is above 200 sma and red alligator
  • #790
  • Jun 13, 2020 8:24am Jun 13, 2020 8:24am
Quoting ogboriefor
{quote} How do we follow the entry rule here and what direction (buy or sell).
Post #1
  • #791
  • Jun 13, 2020 8:39am Jun 13, 2020 8:39am
@beren Yes that was a valid trade. I just gave one example.
  • #792
  • Jun 13, 2020 9:03am Jun 13, 2020 9:03am
Quoting money123456
I have been following this thread from the start and started to trade it on a live account for the past 2 weeks. I made a few minor modifications and so far its working really well with hardly any losses. 1. I use 200 SMA as the baseline 2. I also use the red line of the alligator indicator as an additional baseline 3. Only enter (buy) if above both baselines. 4. I take two trades (1% each) I close one at 1:1 and trail the other one (using ATR on the timeframe I am trading on) 5. If a candle closes behind the green of the alligator I do not trade...
You can hire a coder for cheap on https://www.fiverr.com/ and somebody can code you an ea.
Anything above the line is an uptrend, below the line is a downtrend.
  • #793
  • Jun 14, 2020 1:14am Jun 14, 2020 1:14am
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
I like your style Minotawr!
Hope you don't mind me asking but I'm interested in the subject of Morri's question and I don't think it's been covered (much) before... Do you finish up for the day after taking profit just for the sake of you lifestyle, life/work balance and sanity or is there also technical reasons? I.e it's more productive, more profitable, less risky?
Anyway cheers!
  • #794
  • Jun 14, 2020 10:19am Jun 14, 2020 10:19am
NEED A BUY AND SELL STOP EA

Please can anyone direct me to where I can get a buy stop and sell stop EA.
  • #795
  • Jun 14, 2020 10:30am Jun 14, 2020 10:30am
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....
Fixed the message alert there was a typo. Just overwrite the old file whoever is using it.
Attached File(s)
File Type: ex4 Magic100.ex4   23 KB | 736 downloads
Anything above the line is an uptrend, below the line is a downtrend.
  • #796
  • Jun 14, 2020 11:26am Jun 14, 2020 11:26am
Quoting ogboriefor
NEED A BUY AND SELL STOP EA Please can anyone direct me to where I can get a buy stop and sell stop EA.
I use these scripts which someone previously uploaded, works great.

Attached File(s)
File Type: ex4 ForestraliaBuy Daily!!!!.ex4   28 KB | 482 downloads
Attached File(s)
File Type: ex4 ForestraliaSell Daily!!!!.ex4   27 KB | 428 downloads
Trade Without Fear
  • #797
  • Jun 14, 2020 12:23pm Jun 14, 2020 12:23pm
Quoting Rubernet
{quote} I use these scripts which someone previously uploaded, works great. {file}{file}
Thanks for your kindness. I deeply appreciate this.
  • #798
  • Jun 14, 2020 3:05pm Jun 14, 2020 3:05pm
EA UPDATE: Version 7 (FOLKS from now on please PM me with EA issue)

DownLoad is ready at:
https://github.com/xmess7/Magi100

This update was started last week and I had some traders help with the debug (thank you). But I decided to release it, cause I had some time this weekend and was able to pinpoint the bugs and fix them, also was able to TEST and see that they worked properly. The following has been updated and tested to work.

1. BreakEven/Trail stop per Pair. EA will default to set BE first before using the trail stop (if you have chosen to use both)
2. Price Data from MT4 server issues. This one turned out really well. Not only did I figure out a way to get the correct data, but now only 11 lines of code are used. where as in previous version it used over 30 lines of code. I can go even lower LOL but I decide to leave the 'redundancy' check. 11 lines of code means faster execution and less prone to ERRORS.

There are still some minor bugs that I need to deal with but those do not affect operations.
I did not test all scenarios, just the basic one to SEE these two items in action, so I leave that to you, remember PM me on any issues.

ENJOY
Jess

IMPORTANT: Please use this version, the other versions are not complete in that the data they gather can be in error and or the logic in the EA will make it stop looking for new signals after the first one is found
Attached File(s)
File Type: txt POST_MAG100EA_UPLOAD.txt   < 1 KB | 334 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #799
  • Jun 14, 2020 6:55pm Jun 14, 2020 6:55pm
Quoting xmess7
EA UPDATE: Version 7 (FOLKS from now on please PM me with EA issue) DownLoad is ready at: https://github.com/xmess7/Magi100 This update was started last week and I had some traders help with the debug (thank you). But I decided to release it, cause I had some time this weekend and was able to pinpoint the bugs and fix them, also was able to TEST and see that they worked properly. The following has been updated and tested to work. 1. BreakEven/Trail stop per Pair. EA will default to set BE first before using the trail stop (if you have...
Is this normal? Why does it use Buy limits and Sell limits?
Attached Image
  • #800
  • Jun 14, 2020 7:03pm Jun 14, 2020 7:03pm
Quoting xmess7
EA UPDATE: Version 7 (FOLKS from now on please PM me with EA issue) DownLoad is ready at: https://github.com/xmess7/Magi100 This update was started last week and I had some traders help with the debug (thank you). But I decided to release it, cause I had some time this weekend and was able to pinpoint the bugs and fix them, also was able to TEST and see that they worked properly. The following has been updated and tested to work. 1. BreakEven/Trail stop per Pair. EA will default to set BE first before using the trail stop (if you have...
Hey Jess - link downloads file: xm7_ChaosMM_EA_v7.ex4 ?
Cheers
maahome
0 traders viewing now