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Magic 100

  • #881
  • Jun 17, 2020 5:32pm Jun 17, 2020 5:32pm
Quoting Heknoid
{quote} @xmess7 Hi thanks for sharing this with me I really appreciate the setup instructions. Do have recommended setup for the EA Magic 100 set file that works well for you that you could share with me. Just like to thank you you in advance. Thanks
Not yet, but once I get a chance to run it, I will share my settings..
Our AWESOME IMAGINATION is the true holy grail!
  • #882
  • Jun 17, 2020 6:47pm Jun 17, 2020 6:47pm
trades today
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  • #883
  • Jun 17, 2020 7:02pm Jun 17, 2020 7:02pm
Quoting Heknoid
{quote} @xmess7 Hi thanks for sharing this with me I really appreciate the setup instructions. Do have recommended setup for the EA Magic 100 set file that works well for you that you could share with me. Just like to thank you you in advance. Thanks
@xmess7
Hi I followed your instructions to the T still not showing in MT4 after I get back into terminal.

I have other Multiple EA 's running on different brokers without an issue could you please send me the set.file as a (PM) so I can try this again.

It could be the formatting on the .ex4 file causing the issue.

Thanks again for all your help m8
  • #884
  • Jun 17, 2020 8:26pm Jun 17, 2020 8:26pm
Quoting mmurat
trades today {image}
minotawr and xmess, I appreciate all your work... xmess, this is what I have been telling you privately...this technique will kill the account during a week like this and there are more of these weeks then previous weeks....it just the way the cookie crumble...
  • #885
  • Jun 17, 2020 8:44pm Jun 17, 2020 8:44pm
Quoting driven18
{quote} minotawr and xmess, I appreciate all your work... xmess, this is what I have been telling you privately...this technique will kill the account during a week like this and there are more of these weeks then previous weeks....it just the way the cookie crumble...
and that is why i've been saying all along, this is not an ea that you just turn on and run. You still have to select which pairs to trade and then you turn no the EA with the MM settings you prefer and the EA will take care of the rest. The most important part is still up to the trader......selecting which pair to trade and WHEN to start trading. This EA is a trade "assistant"
  • #886
  • Jun 18, 2020 2:03am Jun 18, 2020 2:03am
Quoting Degolep
{quote} Fixed the message alert there was a typo. Just overwrite the old file whoever is using it. {file}
Hi Degolep

Thx for the indicator. I have two issues, 1st is when I add the indicator to my chart all other indicators on my chart are disabled. I have to remove all indicators and then add the Magic 100 thereafter I can add the other indicators. Not a train smash. 2nd issue, with the indicator attached I then draw trend lines. fibs ext, when I then change the time frame the objects delete.

Not sure if I am the only one having this experience.
Trade Without Fear
  • #887
  • Jun 18, 2020 2:10am Jun 18, 2020 2:10am
Quoting Rubernet
{quote} Hi Degolep Thx for the indicator. I have two issues, 1st is when I add the indicator to my chart all other indicators on my chart are disabled. I have to remove all indicators and then add the Magic 100 thereafter I can add the other indicators. Not a train smash. 2nd issue, with the indicator attached I then draw trend lines. fibs ext, when I then change the time frame the objects delete. Not sure if I am the only one having this experience.
Yes I know, the main point of this indicator was for me to get alerts only, so I have one mt4 terminal set just for alerts, and on the other mt4 I have my charting. I got a coder cheap and he done what I requested but it has flaws like you mentioned and I really don't care about it because I don't use it on my active chart just for alerts as I said.
Anything above the line is an uptrend, below the line is a downtrend.
  • #888
  • Jun 18, 2020 3:55am Jun 18, 2020 3:55am
Took this one today on NSDQ
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  • #889
  • Jun 18, 2020 8:41am Jun 18, 2020 8:41am
Hi All
I am practicing manual trading, although trends aren't strong at the moment it is helping me to get a system of placing the trades that works for me.

I am using the fib as shown in this trade, I placed the sell stop as soon as the retrace candle I was using completed, I then put the fib on to see where my stop and TP's
should be. Only after the trade has triggered do I set the stop and and TP by dragging the lines there from the sell line.

I have had a few losses today but all my current trades are in profit, wondering what NY open will do to that!
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  • #890
  • Jun 18, 2020 9:55am Jun 18, 2020 9:55am
hello, if I stick with it, I didn't put a sl, as I often run in sl but then go great in win

usdjyp
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  • #891
  • Jun 18, 2020 10:49am Jun 18, 2020 10:49am
Quoting ingo3344
hello, if I stick with it, I didn't put a sl, as I often run in sl but then go great in win usdjyp {image}
And what will you do when it will run against you more then 100 pips?
  • #892
  • Jun 18, 2020 11:05am Jun 18, 2020 11:05am
Quoting driven18
{quote} minotawr and xmess, I appreciate all your work... xmess, this is what I have been telling you privately...this technique will kill the account during a week like this and there are more of these weeks then previous weeks....it just the way the cookie crumble...
Yes driven18, this is the case for MAANY approaches. Well except the ones where you use your SECRET INDICATOR... LOL your EYES!!

Last week the FED placed alot of things in motion, inclusive this Monday.. but then price started to slooooww down. We have seen this soooo many times and when this happens its time to SOYH (Sit on Your Hands). So EAs are turned OFF.

So the remedy is simple, do not trade when you see this type of indecision.

J
Our AWESOME IMAGINATION is the true holy grail!
  • #893
  • Jun 18, 2020 11:19am Jun 18, 2020 11:19am
Quoting xmess7
{quote} Yes driven18, this is the case for MAANY approaches. Well except the ones where you use your SECRET INDICATOR... LOL your EYES!! Last week the FED placed alot of things in motion, inclusive this Monday.. but then price started to slooooww down. We have seen this soooo many times and when this happens its time to SOYH (Sit on Your Hands). So EAs are turned OFF. So the remedy is simple, do not trade when you see this type of indecision. J
J you are right, this is a great EA but only when you trade in the right conditions, it is not a set and forget 24/7 tool. I dont think that even exists. But used wisley, it can be very good.
Just trying to put a kiss on the cheek of success
  • #894
  • Jun 18, 2020 11:37am Jun 18, 2020 11:37am
Quoting Heknoid
{quote} @xmess7 Hi I followed your instructions to the T still not showing in MT4 after I get back into terminal. I have other Multiple EA 's running on different brokers without an issue could you please send me the set.file as a (PM) so I can try this again. It could be the formatting on the .ex4 file causing the issue. Thanks again for all your help m8
Heknoid: I left you a PM under your profile.
Please from now on PM me with any EA related questions.

J
Our AWESOME IMAGINATION is the true holy grail!
  • #895
  • Jun 18, 2020 11:50am Jun 18, 2020 11:50am
Quoting mmurat
trades today {image}
Oh another thing. Guys you don't need to use many pairs, 2 and perhaps 3 are more than enuf. 1pair is perfect cause then you will know how it operations. So imagine you used 2 pairs this week with a 0.5% risk. The loss this week would still be very manageable....

I know, the argument is that the reward then becomes small or I am missing out on other "good" trades.

Well.... I'll give you a real world example. I participated in the FTMO challenge a couple of months ago and I passed it.
Check this out. I traded ONE PAIR... and I would employ my SEE PROFIT, CLOSE PROFIT habit. So I ran my little simple EA. Whenever I would take a "peak" or if I woke up lol, if I saw profit BAM! I closed it. These SEE PROFIT ,CLOSE PROFIT operations yielded from 0.1%-0.6% gains. The other times TP would be hit with a 1:1.5 ratio.

Well.. in about 13 trading days. I hitz the goal of the challenge. DESPITE taking small winners this happened.

So the moral of the story is just GET THE DANG PROFIT WHEN U SEE IT LOL and keep your risk LOOOOWW. Keep it low by applying small risk and taking LESS exposure (ie less pairs=less trades).

Being consistent, as you all know, is the key. Cause when you start handling larger sums,, well you know 0.1% per day can be quite a bit of $$$.

J
Our AWESOME IMAGINATION is the true holy grail!
  • #896
  • Jun 18, 2020 12:03pm Jun 18, 2020 12:03pm
teapeak,when I see it going up, I'm out. this trade would have been with fixed sl in minus. here the market has cleared the stop first, as you can see
  • #897
  • Jun 18, 2020 12:17pm Jun 18, 2020 12:17pm
so I see this setup many times
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  • #898
  • Jun 18, 2020 2:16pm Jun 18, 2020 2:16pm
Quoting ingo3344
so I see this setup many times {image}
Your Trade would have been a winner.
Look at the 5 Min Chart.
After you placed the sell stop order, the price went up first and triggered after he come back the sell stop.

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  • #899
  • Jun 18, 2020 3:03pm Jun 18, 2020 3:03pm
Agrees
  • #900
  • Jun 18, 2020 3:51pm Jun 18, 2020 3:51pm
this weeks trades

....market structure, market structure, market structure
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