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Magic 100

  • #1,441
  • Aug 23, 2020 6:09am Aug 23, 2020 6:09am
Quoting Minotawr
I`ve made another example, i hope it`s clearer now... {image}
HI, I just saw youir thread, and wondered about this chart - you say that the first trade was a winner, and yet the price went up a ffew candles later on this short trade. When do you take profit?
  • #1,442
  • Aug 23, 2020 6:12am Aug 23, 2020 6:12am
Quoting Minotawr
I`ve made another example, i hope it`s clearer now... {image}
I see that you state in page 1 that TP is 2R or 3R. In this chart you placed your first SL quite high, yoiur first page says "below" or "above", but you don't specidy pips.
  • #1,443
  • Aug 23, 2020 6:17am Aug 23, 2020 6:17am
Quoting minotawr
{quote} hi sick, i dont understand your question. In an uptrend you place a pending buy order above the red candle. In a downtrend you place a pending sell order under the green candle.
basically, the goal is to catch the end of the correction to the trend! or in other words, to catch the start of trend continuation!
  • #1,444
  • Aug 23, 2020 6:19am Aug 23, 2020 6:19am
Quoting ingo3344
Hello, do I see correctly here that he would have triggered but would then have run into the sl? {image}
Here it looks like you may have hit TP before SL, because the trigger candle is small.
  • #1,445
  • Aug 23, 2020 6:21am Aug 23, 2020 6:21am
Quoting Minotawr
{quote} Thats right, well said
Minotawr, have you tried this strategy with 50 SMA, which shows you medium term trend?
  • #1,446
  • Aug 23, 2020 6:29am Aug 23, 2020 6:29am
Quoting xkwisit2001
{quote} I get the analogy but I don't understand what you mean by saying it wouldn't work long term. The OP is riding this strategy like a bike and things come natually for him but it took me literally 2 mins to come to the conclusion that this can work long term. Just set pending orders on the bearish retracement candle (in uptrend). Obviously it can take time for some traders to grasp price action, but once its understood this can work universally. If I may add, if you want to be safe you can just trade exhaustion candles off retracements closest...
of course it can work, because you are catching the end of a correction, in the direction of the trend. It would work very well with the Alligator indicator too.
  • #1,447
  • Aug 23, 2020 6:38am Aug 23, 2020 6:38am
Quoting Minotawr
{quote} Hi Ingo, on H1 or smaller timeframes of course not every signal is a valid entry. Here comes the "common sense" in to play, that i mentioned in my first post. This is hard to teach and comes from experience in trading. This fact makes it difficult to make a back test on H1, so better look on H4 for a better back test. And of course, like any other system you will have loser trades too. That`s the part of the game. That is why is so important to have a good R:R management. But believe me, the winning trades will outperform the losers and...
What is your Win percentage?
  • #1,448
  • Aug 23, 2020 7:05am Aug 23, 2020 7:05am
Quoting Minotawr
AUD/JPY {image}
HI mInotawr, Do you enter the stop order price manually, or do you have an EA which is a line entry that youplace on your chart where you want your entry to be?
  • #1,449
  • Aug 23, 2020 7:08am Aug 23, 2020 7:08am
Quoting Klausi
Thanks Minotawr for this KISS Method. Realy liking it. Heres a little contribution maybe its usefull for some, if not ignore it. All credits go to forex station.com for their amazing work. Its a tool for easily spotting trending pairs with in our case the 100 EMA. Standardsettings show you the 8 hardest trending pairs up or down. {file}{image} Have fun!
this indicator froze up my MT4 platforn!
  • #1,450
  • Aug 23, 2020 8:01am Aug 23, 2020 8:01am
[quote = Aliens; 13126709] {quote} Abbiamo 3 conferme in questo grafico: 1. il prezzo è inferiore a EMA100 (strategia Magic100) 2. abbiamo rotto il supporto dalla candela ribassista. quindi il supporto è diventato la resistenza. 3. abbiamo una candela verde (per entrare nel mercato con la strategia Magic100) ed è una candela doji in alto sotto la resistenza. Dopo queste conferme, siamo sicuri che il prezzo sarà al ribasso del% 99,99. Cosa potrebbe esserci di più sicuro sul mercato? Magic100 con azione sui prezzi è la strategia più forte sul mercato con la minima perdita che la maggior parte delle aziende la utilizza. lo so e lo vedo. {image} [/ quote]

Good morning Friend, your analysis is impeccable but, I am a little bit curious: how did you choose this pair in the middle of all pairs in the list and also checking in M5? Following the rules of the strategy, the price was higher than Ema 100 in H1. Are you working only on M5 /M1 checking all the pairs?
  • #1,451
  • Aug 23, 2020 8:11am Aug 23, 2020 8:11am
Quoting Minotawr
GBP/AUD almost similar, has room for more... {image}
Hello again, I am intrigued by your thread! I guess with this strategy you an check the charts every hour, and can do stuff in between! You said you trade Frankfurt/London. Do you check every hour until the London close - say 4 p.m. London time?
  • #1,452
  • Aug 23, 2020 8:13am Aug 23, 2020 8:13am
Quoting Minotawr
{quote} Hi Iddd, if your pending order was not activated, you move it to the next candle. So you make sure you getting on the right track as soon as possible. They are plenty of losing trades, of course. Loss/win rate is about 40. But your winners outweight the losers far more. Thats why is so important to have a good R:R management, best is 1:3. Trade safe!
so is your loss 40% and your win 60%?
  • #1,453
  • Aug 23, 2020 8:31am Aug 23, 2020 8:31am
Quoting lddd
{quote} There are plenty of them either for free or to buy. Use the forums search for „risk reward calculator“ or a google search. I am using this one here https://www.riskrewardratio.club/
Hi, I would like to ask you about this indicator - do you place the SL and the entry price as lines on the chart, which then go into the "window" where it shows you prices, and the risk in dollars?
  • #1,454
  • Aug 23, 2020 8:36am Aug 23, 2020 8:36am
Quoting Waih
Hello good people, For those unable to modify their Fib channel to give you your TP1, TP2, Entry & Sl Levels. This is how you do it. How to create a ruler to measure multiple R-multiple profit targets You can use MT4’s in-built Fibonacci Channels line study to create the ruler described. Here’s how: Drag the Fibonnaci Channels study onto your chart (or use menu option: Insert… Channels… Fibonacci), and maneuver the end point until the lines are horizontal. Edit the object properties to set the desired color, style etc for your lines. On the Parameters...
Hi Waih, you are amazing! Is this a way to do it WITHOUT having to buy the risk calculator?
  • #1,455
  • Aug 23, 2020 8:51am Aug 23, 2020 8:51am
Quoting Waih
Hello good people, For those unable to modify their Fib channel to give you your TP1, TP2, Entry & Sl Levels. This is how you do it. How to create a ruler to measure multiple R-multiple profit targets You can use MT4’s in-built Fibonacci Channels line study to create the ruler described. Here’s how: Drag the Fibonnaci Channels study onto your chart (or use menu option: Insert… Channels… Fibonacci), and maneuver the end point until the lines are horizontal. Edit the object properties to set the desired color, style etc for your lines. On the Parameters...
Waih, I am getting everything on my chart except the "handles"
how do you get those letters to appear?
  • #1,456
  • Aug 23, 2020 8:56am Aug 23, 2020 8:56am
Quoting sagi
{quote} Waih, I am getting everything on my chart except the "handles" how do you get those letters to appear?
Sagi at the pace that you post, you are going to make this soon a 1,000,000 page thread,,,
  • #1,457
  • Aug 23, 2020 9:08am Aug 23, 2020 9:08am
Quoting flashpaul
[quote = le celte; 13124777] {quote} Ciao, il tuo "Currency Strength Giraia" non funziona {image} [/ quote] I have checked my indicator and I don´t find these errors, but anyway try with this. {file} {file}
Hi Flashpaul, do you use the default settings on this currency strength indicator? When I applied it to my chart, on Sunday, no market opened, this is what it shows . does that look right?
Attached Image
  • #1,458
  • Aug 23, 2020 9:11am Aug 23, 2020 9:11am
Quoting amir65
eurjpy m5? {image}
HI Amir, are you using an EA type of hting to have your entries done with a line from the chart?
  • #1,459
  • Aug 23, 2020 9:14am Aug 23, 2020 9:14am
Quoting Aliens
{quote} If you entered here you could get 1:8 or 1:9 profit, i got that sell and closed it after 1:6 , this is power of the trade in lower time frames, did you see? Anyway your work was great today. {image}
I'd love to be able to do what you did!I love the lower TFs too.
  • #1,460
  • Aug 23, 2020 10:46am Aug 23, 2020 10:46am
Quoting xmess7
{quote} EDIT: Oh sorry.. Yes, download EA. Place on Chart Sit on Hands. Be Patient When you see any profit. Hit the Red Button Wait for new trades Sit on Hands. Again if you see profit HIT RED BUTTON repeat process until you have reached 3% and then turn off EA Enjoy rest of week. Wait for Sunday and repeat. J
hit red button?"
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