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Magic 100

  • #821
  • Jun 15, 2020 3:08pm Jun 15, 2020 3:08pm
Quoting Garry119
https://prnt.sc/t0ao8i patterns and MA 100 {file}

Hi Gary
Can you please explain what that indicator is showing, thank you in advance.
  • #822
  • Jun 15, 2020 6:45pm Jun 15, 2020 6:45pm
Quoting c0ng7u
{quote} Thanks xmess7 for your hard work on the EA. I just have a couple questions (sorry I can't PM due to "Private Messages Restricted Per Member Status" in my profile). About the TradeHours, are we using Local / Broker / or GMT Time ? Also, do you think we need a option (like close all or pause the EA) regarding Big News coming within a certain hours/mins ? for the stoploss, can we have an option of choosing 1x ATR (if the current signal candle is small or less than 1 ATR) and an option of ignoring the long candles (like 2 ATR or above) to avoid...

You can place a SHOUT in the mean time...

- Trade Hours are local. If it were GMT I would have included that in the input label
- It is up to the trader when to activate or close the EA.
- no ATR option.
To remedy your concerned with stoploss hits, I recommend you select the LotsPerRisk and set the Risk to 0.5%. Then set your TP ratio to 1:2. That will allow you to stay in the game and in the long run be profitable.

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #823
  • Jun 15, 2020 6:58pm Jun 15, 2020 6:58pm
Quoting Skyside68
Hey, thanks xmess7. I downloaded your EA and placed in the "experts" file, and I "think" it's working or do i have to click on "play auto trading" at the top for it to work ? So far no trades have happened. I agree with c0ng7u, we need to be able to pause the the EA, that is crucial. Can we have simpler mechanism for BE,TP,SL...i am confused by it tbh...how to properly set BE etc. Thanks,
Hi Skyside68.
Yes, make sure the AutoTrading button is activated so the EA can trade, otherwise nothing will happen.
Also make sure that you have placed the EA in the correct folder. MT4 select FILE==>OPEN DATA FOLDER
Then navigate to MQL4/Experts. If you don't see the EA there then please copy it to that location.

I will make a brief video on how to setup the BE/Trail-stop features.
but briefly here are the things you want to do. I will use pips but you can also use % move. % move is the % moved from openPrice to TP.

Example 1. You want a BE after profit has traveled 30 pips
Settings:
usePipsOrPercent=pips
"Set BE (pips or %)"=30
"Set StepDelta (pips or %)" = 0
"Set TrailStop (pips or %)" =0

Example 2 You want a 40pip trail for every 25 pip move of profit..
Settings:
usePipsOrPercent=pips
"Set BE (pips or %)"=0
"Set StepDelta (pips or %)" = 20 <== if you leave this at 0 the EA will default to no trailstop
"Set TrailStop (pips or %)" = 40

Example 3 You want to set break even when profit has reach 30 pips and then after that you want a 50 pip trail for every 25 pip move up to profit.
Settings:
usePipsOrPercent=pips
"Set BE (pips or %)"=30
"Set StepDelta (pips or %)" = 25 <== if you leave this at 0 the EA will default to no trailstop
"Set TrailStop (pips or %)" = 50

NOTE: EA if you have that last scenario (Example 3) where both BE and TRAIL are set, the EA will first set up BE before attempting the trail.

Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #824
  • Jun 15, 2020 8:13pm Jun 15, 2020 8:13pm
Too bad once again EA's become the the main topic. Shame it was a good thread. Enough for me. All the best Minotawr.
  • #825
  • Jun 15, 2020 9:21pm Jun 15, 2020 9:21pm
Hi' Xmess7, thanks for your hardwork.
I try to download your ea but sadly it can't be backtested.
  • #826
  • Jun 15, 2020 9:50pm Jun 15, 2020 9:50pm
Quoting jason1968
{quote} Hi Gary Can you please explain what that indicator is showing, thank you in advance.
EAs discussion has taken over the thread. What happens to a strategy without an EA?
  • #827
  • Jun 15, 2020 9:54pm Jun 15, 2020 9:54pm
Quoting ogboriefor
{quote} EAs discussion has taken over the thread. What happens to a strategy without an EA?
Guys/Gals ogboriefor has spoken! PM me with EA related questions. If you cannot PM.. leave me a Shout.

Thnx
Jess
Our AWESOME IMAGINATION is the true holy grail!
  • #828
  • Jun 16, 2020 12:39am Jun 16, 2020 12:39am
Hello everyone, what pairs are on your watchlist today to follow Magic100?
  • #829
  • Jun 16, 2020 3:34am Jun 16, 2020 3:34am
Hi Guys,

The EA does not even load into MT4 do you have the MQL format.

Thanks
  • #830
  • Jun 16, 2020 4:47am Jun 16, 2020 4:47am
???
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  • #831
  • Jun 16, 2020 5:07am Jun 16, 2020 5:07am
???
Attached Image (click to enlarge)
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  • #832
  • Jun 16, 2020 5:13am Jun 16, 2020 5:13am
Quoting machiyara
Hello everyone, what pairs are on your watchlist today to follow Magic100?
Good idea Machiyara. Seems most of the pairs are retracing at the moment.
I am not seeing lots of clear trend direction.

Possibly buy AUDNZD if it retraces a bit more (Image 1).

CADJPY in the higher time frames are bearish, but on the lower time frames are making HH and HL, so not comfortable taking a short even though the candles are below the 100EMA (Image 2).

Buy GBPCAD - 100EMA is trending up. However would need to retrace for entry (Image 3)

Anyone else with thoughts on today on the Magic 100?
Attached Image(s) (click to enlarge)
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  • #833
  • Jun 16, 2020 6:02am Jun 16, 2020 6:02am
Quoting BrentJB
{quote} Good idea Machiyara. Seems most of the pairs are retracing at the moment. I am not seeing lots of clear trend direction. Possibly buy AUDNZD if it retraces a bit more (Image 1). CADJPY in the higher time frames are bearish, but on the lower time frames are making HH and HL, so not comfortable taking a short even though the candles are below the 100EMA (Image 2). Buy GBPCAD - 100EMA is trending up. However would need to retrace for entry (Image 3) Anyone else with thoughts on today on the Magic 100? {image} {image} {image}
CADJPY I sold on the 4hr Chart - moved stop to b/e when 20 pips in profit and stop got hit
am currently long GBPUSD, AUDUSD & AUDSGD with pending orders to buy AUDCHF and AUDNZD
- bit of an Aussie overload!!

Still working out best exit strategy - whether to move stop to b/e at some point or lock in profits or just let it run to target...

Trading real money (not demo) but small lots until I get a better handle on the strategy.

Cheers
  • #834
  • Jun 16, 2020 7:20am Jun 16, 2020 7:20am
[quote=xmess7;13005698]{quote} You can place a SHOUT in the mean time... how do i place a shout ?


There's an issue with USDJPY where it did a stop limit but the SL = price ..weird eh ?
  • #835
  • Jun 16, 2020 7:39am Jun 16, 2020 7:39am
EURGBP also on the watchlist
Attached Image (click to enlarge)
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  • #836
  • Jun 16, 2020 7:42am Jun 16, 2020 7:42am
Quoting PeterE
??? {image}
EURAUD TP +2R
  • #837
  • Jun 16, 2020 8:05am Jun 16, 2020 8:05am
missed this one, but if it comes back and the conditions are still favorable, will buy.....for a mere 1:1RR
Attached Image (click to enlarge)
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  • #838
  • Jun 16, 2020 8:12am Jun 16, 2020 8:12am
Quoting PeterE
missed this one, but if it comes back and the conditions are still favorable, will buy.....for a mere 1:1RR {image}
Hey peter. do u have indic for zones ?
  • #839
  • Jun 16, 2020 8:21am Jun 16, 2020 8:21am
Quoting xmess7
EA UPDATE: Version 7.1 (FOLKS from now on please PM me with EA issue) DownLoad is ready at: https://github.com/xmess7/Magi100 Found one error, this may be affecting the StopLosses. Maybe. Anyhow adjusted the error and uploaded an update. Also made adjustments to the "Market is Closed" message. Extended the time it should show and also added extra info so you can tell when it happened. This version is 7.1..... BTW version 8 is on its way. So Stay tuned. After we get this working (including version 8). I plan to activate(EA already has...

Hi Jess - Thanks for the EA, working well so far.

Can we add the condition to take the trade on Bid price for long and Ask price for short.
  • #840
  • Edited 8:49am Jun 16, 2020 8:23am | Edited 8:49am
Hi
I'm eyeing a trade on AUDUSD long, waiting for this retrace to play out.

It would make life easier if we could get the price levels to show at our TP's and SL. I used to know how to do that but can't remember how, anybody here know?
I mean on the fib
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