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Magic 100

  • #1,541
  • Aug 26, 2020 12:34pm Aug 26, 2020 12:34pm
Quoting tradista
{quote} Today was a red day using M5 for me, attempted 5 times, 3 losses and 2 BEs... probably wasn't able to see the market right... bit frustrated! how was your day Aliens?
Yes today in london session price was in range. I could only get NZDUSD 1:4 and that's all. in US session i wasnt home. But according to what I said yesterday, we did not have a big move in the London session, but we had good moves in the US session.
Money goes to the one who understands, not the one who rushes
  • #1,542
  • Aug 26, 2020 12:45pm Aug 26, 2020 12:45pm
Quoting Frag8383
Aliens, How do you enter on lower timeframes, On higher timeframes you can enter on a indecision bar (Up bar with more wicks than body for short, the reverse for long). But indecision bar are almost insignificant on lower timeframes Thanks Kind Regards
dear Frag, Each bar contains a trend at a lower time frames. When you set your SL below or above a bar, if the price reaches and crosses it, the trend is changed %90 of the time, even if it is intermittent. This happens a lot when the market is in range and it causes us to lose. But if you notice, this happens less when the market is in trend. So dont trade in the range market.
Money goes to the one who understands, not the one who rushes
  • #1,543
  • Aug 26, 2020 12:52pm Aug 26, 2020 12:52pm
thanks Aliens
  • #1,544
  • Aug 26, 2020 12:56pm Aug 26, 2020 12:56pm
Quoting Aliens
{quote} This happens a lot when the market is in range and it causes us to lose. But if you notice, this happens less when the market is in trend. So dont trade in the range market.
Thanks for your great insight as always. So, do you have a quick effective way of determining a ranging market ?
  • #1,545
  • Aug 26, 2020 1:32pm Aug 26, 2020 1:32pm
Quoting tradista
{quote} Thanks for your great insight as always. So, do you have a quick effective way of determining a ranging market ?
Most traders in the range market are Loser. We chose this method ( Magic100) to filter these items. But if you feel that the market is in range, do not look for high profits and think only of small profits. 1:1 is enough. For example, in the this picture GBPUSD in london session, the market was very noisy, but we could have made a lot of profit with a little thought.
do you see? 6 win and 1 loss.
Mange your trades after 1:1 , Do not leave it.
10 break even are better than 10 loss.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.jpg Size: 197 KB
Money goes to the one who understands, not the one who rushes
  • #1,546
  • Aug 26, 2020 2:28pm Aug 26, 2020 2:28pm
Quoting Aliens
{quote} Most traders in the range market are Loser. We chose this method ( Magic100) to filter these items. But if you feel that the market is in range, do not look for high profits and think only of small profits. 1:1 is enough. For example, in the this picture GBPUSD in london session, the market was very noisy, but we could have made a lot of profit with a little thought. do you see? 6 win and 1 loss. Mange your trades after 1:1 , Do not leave it. 10 break even are better than 10 loss. {image}



they strategy never say you should trade it on M5, the admin said from H1 TF up, there is alot of noise on lower TF. please follow the rules of the strategy. thanks
  • #1,547
  • Edited 3:13pm Aug 26, 2020 2:54pm | Edited 3:13pm
Quoting youngjosh
{quote} they strategy never say you should trade it on M5, the admin said from H1 TF up, there is alot of noise on lower TF. please follow the rules of the strategy. thanks
Any strategy can work at any time frame. Depends on the trader and his/her intelligence . Someone builds the strategy and someone improves it and shares it with others and the results are reviewed. Anyway, I have no idea about this method anymore and I do not comment. So continue to rules like a robot. Good Luck!
Money goes to the one who understands, not the one who rushes
  • #1,548
  • Aug 26, 2020 2:57pm Aug 26, 2020 2:57pm
I've read that the market is 70% in range. to see that he's in the range and then erupts, that's what it's all about? Aliens
  • #1,549
  • Aug 26, 2020 3:23pm Aug 26, 2020 3:23pm
Quoting youngjosh
{quote} they strategy never say you should trade it on M5, the admin said from H1 TF up, there is a lot of noise on lower TF. please follow the rules of the strategy. thanks
I can answer too that with Ema 100 in high timeframes we lose too many opportunities. There are disadvantages and advantages to each strategy. The important is that the strategy is as a glove in your hands and product results. I can offer a strategy, then everybody may adjust conforming to his abilities.
  • #1,550
  • Aug 26, 2020 3:27pm Aug 26, 2020 3:27pm
[quote = ingo3344; 13133567] Ho letto che il mercato č nel range del 70%. per vedere che č nel raggio d'azione e poi esplode, č di questo che si tratta? Alieni [/ quote]

A sideways market is the nightmare of all traders. For this reason, I am looking or a strong trend or a significant inversion that may start a new trend. The alternative is to play with small trades as Alien has spoken.
  • #1,551
  • Aug 26, 2020 3:37pm Aug 26, 2020 3:37pm
[quote = Aliens; 13133463] {quote} La maggior parte dei trader nel mercato dei range sono perdenti. Abbiamo scelto questo metodo (Magic100) per filtrare questi elementi. Ma se senti che il mercato č nel range, non cercare alti profitti e pensa solo a piccoli profitti. 1: 1 č sufficiente. Ad esempio, in questa immagine GBPUSD nella sessione di Londra, il mercato era molto rumoroso, ma avremmo potuto realizzare molti profitti con un piccolo pensiero. vedi? 6 vittorie e 1 sconfitta. Gestisci i tuoi scambi dopo 1: 1, non lasciarlo. 10 pareggio sono meglio di 10 persi. {image} [/ quote]

Dear Aliens, you are a master! We have to thank you for sharing a very powerful scalping strategy,

Only one question: for example in GU M1 how many pips is your TP and SL? 5 pips? or do you go by your feeling?
  • #1,552
  • Edited 6:01pm Aug 26, 2020 4:55pm | Edited 6:01pm
Quoting Aliens
{quote} Any strategy can work at any time frame. Depends on the trader and his/her intelligence . Someone builds the strategy and someone improves it and shares it with others and the results are reviewed. Anyway, I have no idea about this method anymore and I do not comment. So continue to rules like a robot. Good Luck!

well said.... I want also to thank you for your very useful tips and informations...
  • #1,553
  • Aug 26, 2020 5:28pm Aug 26, 2020 5:28pm
Quoting Aliens
{quote} Any strategy can work at any time frame. Depends on the trader and his/her intelligence . Someone builds the strategy and someone improves it and shares it with others and the results are reviewed. Anyway, I have no idea about this method anymore and I do not comment. So continue to rules like a robot. Good Luck!
Let us know if you ever decide to start your own thread, will gladly follow along. thanks for all the guidance.
  • #1,554
  • Aug 27, 2020 11:08am Aug 27, 2020 11:08am
Blending Flashpauls use of the CSM on every 4 hour candle (and I look again on the new H1s for current strength) with Aliens dropping to the lowest time frames is a winning approach. It still takes judgment but the information to win with Magic 100 is there.

Remember, it is not necessary to make 50 pips or more at this each trade. Targeting smaller pip wins with greater trade size achieves the same strong results.

Once you find you have a positive expectation per trade (maybe over the previous 50 trades) you should gain the confidence of increasing your lot sizes.

This is a hybrid set up using the very good ideas of both traders. Perhaps it can help your trading.

Clearly both Flashpaul and Aliens are masters at their craft. We can all learn from both of them.
  • #1,555
  • Edited 11:47am Aug 27, 2020 11:12am | Edited 11:47am
Quoting flashpaul
[quote = Aliens; 13133463] {quote} La maggior parte dei trader nel mercato dei range sono perdenti. Abbiamo scelto questo metodo (Magic100) per filtrare questi elementi. Ma se senti che il mercato č nel range, non cercare alti profitti e pensa solo a piccoli profitti. 1: 1 č sufficiente. Ad esempio, in questa immagine GBPUSD nella sessione di Londra, il mercato era molto rumoroso, ma avremmo potuto realizzare molti profitti con un piccolo pensiero. vedi? 6 vittorie e 1 sconfitta. Gestisci i tuoi scambi dopo 1: 1, non lasciarlo. 10 pareggio sono...
I believe he mentioned that the stop goes below the entry bar and the (I personally use the swing low) and the exit is once he is at 1:1 breakeven, 2:1 stop raised to 1:1, stop reaches 3:1 stop goes to 2:1 and so on.

Im starting to use this way of getting out and is working very well for me, many hits at breakeven but then I also get massive rewards that I would not get normally.

And the most important part for me is that this way takes out emotions out of the exits, before I use to second guess and end up with small profits in otherwise good trades. Now no questions ask, I follow what the price is doing. Many people use this way of getting out. Another option is partial close of positions as they reach the take profits

Kind Regards
  • #1,556
  • Aug 27, 2020 11:57am Aug 27, 2020 11:57am
Quoting Aliens
{quote} Yes today in london session price was in range. I could only get NZDUSD 1:4 and that's all. in US session i wasnt home. But according to what I said yesterday, we did not have a big move in the London session, but we had good moves in the US session.
Which pairs do you look at at the start of London?
  • #1,557
  • Aug 27, 2020 12:33pm Aug 27, 2020 12:33pm
Hello guys!
So this is my problem, i have a full time job so i donīt have time to trade on 1 hour chart
my question is: can i trade the 4hour chart with this strategy while being profitable?
will the profit be lower? will my win rate be lower? Is it diferent entry points if i trade the 4 hour instead the 1 hour chart or is the same entry criterias?
Thank you guys
  • #1,558
  • Aug 27, 2020 12:37pm Aug 27, 2020 12:37pm
Quoting jandelichte
Hello guys! So this is my problem, i have a full time job so i donīt have time to trade on 1 hour chart my question is: can i trade the 4hour chart with this strategy while being profitable? will the profit be lower? will my win rate be lower? Is it diferent entry points if i trade the 4 hour instead the 1 hour chart or is the same entry criterias? Thank you guys
You can trade it in any timeframe, the higher timeframe the lower the number of entry's, but entry are more reliable. Some people trade it on the 1 hour chart and others on the 5 min.

I trade it on the 1 min chart

Look also to the weekly chart for confirmation of higher timeframe

Kind regards
  • #1,559
  • Aug 27, 2020 1:10pm Aug 27, 2020 1:10pm
Quoting Frag8383
{quote} You can trade it in any timeframe, the higher timeframe the lower the number of entry's, but entry are more reliable. Some people trade it on the 1 hour chart and others on the 5 min. I trade it on the 1 min chart Look also to the weekly chart for confirmation of higher timeframe Kind regards
Wow, on the M1! What tools do you use to set the stop orders and SL?
  • #1,560
  • Aug 27, 2020 1:24pm Aug 27, 2020 1:24pm
Quoting sagi
{quote} Wow, on the M1! What tools do you use to set the stop orders and SL?
I have an ea, that is for a strategy that no longer use that incorporates the money management so the lot size and so stop is done automatically

Kind Regards
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