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Magic 100

  • #1,561
  • Aug 27, 2020 1:25pm Aug 27, 2020 1:25pm
Quoting Frag8383
{quote} 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
But do you manually enter the entry price and SL values?
  • #1,562
  • Aug 27, 2020 1:47pm Aug 27, 2020 1:47pm
Quoting sagi
{quote} But do you manually enter the entry price and SL values?
No the stop is already set, is a atr stop, I can adjusted manually, and the entry is clicking a bottom from the control panel of the ea
  • #1,563
  • Aug 27, 2020 10:09pm Aug 27, 2020 10:09pm
Quoting Aliens
{quote} Any strategy can work at any time frame.!
No
  • #1,564
  • Aug 27, 2020 10:14pm Aug 27, 2020 10:14pm
Does anyone have any idea why the yen went down so much?
  • #1,565
  • Aug 28, 2020 12:10am Aug 28, 2020 12:10am
Quoting tetis
{quote} No
Hi,
Yes it should.
If it is a good strategy.
But in reality it is always more difficult in TF < 1h. Noises
Santé
jf
  • #1,566
  • Aug 28, 2020 1:44am Aug 28, 2020 1:44am
Quoting sagi
Does anyone have any idea why the yen went down so much?
It has been on ''oversold'' in virtually all time frames. It has to correct itself before possibility of going up. I skinned it with the AUdJPY pair. From the last impulse wave, it oversold to the fib extension of 2 and corrected itself back to half of its run
  • #1,567
  • Edited 6:44am Aug 28, 2020 5:57am | Edited 6:44am
I know...we must open a new thread. The scalping opportunity of today with USDJPY.

It is obvious: it is not the only pair good to trade: all pairs linked with USD are good. as AUDUSD, GBPUSD, NZDUSD...
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  • #1,568
  • Aug 28, 2020 7:32am Aug 28, 2020 7:32am
Never trust the results of a Demo account .Trading conditions in real accounts are very very different.
  • #1,569
  • Aug 28, 2020 8:47am Aug 28, 2020 8:47am
A little while ago I took this trade on M5 on UJ. What's the easiest way to place the trade, other than put the cursor on the candle when it closes, look at the high and low, and then subtract/add one pip on each end, and then place the order?
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  • #1,570
  • Aug 28, 2020 9:09am Aug 28, 2020 9:09am
[quote = sagi; 13137589] Qualche tempo fa ho preso questo scambio su M5 su UJ. Qual è il modo più semplice per posizionare lo scambio, oltre a posizionare il cursore sulla candela quando si chiude, guardare l'alto e il basso, quindi sottrarre / aggiungere un pip a ciascuna estremità e quindi effettuare l'ordine? {image} [/ quote]

Do you want an EA which arms the trade with one click, with predetermined Lot, SL and TP?
Attached File(s)
File Type: ex4 EsikeM15Bomb EA v3.2+Alert.ex4   45 KB | 479 downloads
  • #1,571
  • Aug 28, 2020 9:49am Aug 28, 2020 9:49am
This is AU in the Asian session. The last trade, could be 1:4, how would you more experienced traders have handled that to get the most out of it?
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  • #1,572
  • Aug 28, 2020 9:56am Aug 28, 2020 9:56am
The UJ trade which I took and closed early, went down further. I am terrible at trusting a method or rather a trend. I am always thinking the trend will end, but...... it sometimes goes on and on and on!
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  • #1,573
  • Aug 28, 2020 9:58am Aug 28, 2020 9:58am
Quoting flashpaul
[quote = sagi; 13137589] Qualche tempo fa ho preso questo scambio su M5 su UJ. Qual è il modo più semplice per posizionare lo scambio, oltre a posizionare il cursore sulla candela quando si chiude, guardare l'alto e il basso, quindi sottrarre / aggiungere un pip a ciascuna estremità e quindi effettuare l'ordine? {image} [/ quote] Do you want an EA which arms the trade with one click, with predetermined Lot, SL and TP? {file}
Thank you. May I ask, to predetermine the SL, do you look at the extreme of the candle you are setting the Stop order to, or do you have a predetermined SL in pips for the TF that you trade, regardless of the candle size?
  • #1,574
  • Aug 28, 2020 10:05am Aug 28, 2020 10:05am
[quote=flashpaul;13137646][quote = sagi; 13137589] Qualche tempo fa ho preso questo scambio su M5 su UJ. Qual è il modo più semplice per posizionare lo scambio, oltre a posizionare il cursore sulla candela quando si chiude, guardare l'alto e il basso, quindi sottrarre / aggiungere un pip a ciascuna estremità e quindi effettuare l'ordine? {image} [/ quote] Do you want an EA which arms the trade with one click, with predetermined Lot, SL and TP? {file}[/quoWow, this EA means business! I put it on the chart, and it took over my existing trades! I think I need to know how to use it!
  • #1,575
  • Edited 11:58am Aug 28, 2020 10:32am | Edited 11:58am
[quote = sagi; 13137734] Il commercio UJ che ho preso e chiuso in anticipo, è andato ulteriormente giù. Sono terribile a fidarmi di un metodo o meglio di una tendenza. Penso sempre che la tendenza finirà, ma ...... a volte va avanti e avanti e avanti! {image} [/ quote]

It is a very common question between traders, and nobody has a magic ball. Only very professional traders may plan an accurate level of price of closing trade.
For mere mortals, there are different approaches.

1) If possible, divide into two trades your investment. One with TP an the other without TP, but with breakeven and Trailing Stop.
2) Mark a TP equal or more than the SL, maybe using Fibonacci extensions and be happy with this.
3) Use pivot points, trend lines, round numbers to mark your TP.
4) When there is a strong trend during NY, it is easy that this trend goes on to the end of the day.


Personally, I mark a fixed gain depending on the deposit, the pair, and the force of the trend. In AUDJPY, after the opening of the new day, for example, I can be happy with 5 or 10 pips.
  • #1,576
  • Aug 28, 2020 10:56am Aug 28, 2020 10:56am
[quote = sagi; 13137751] [quote = flashpaul; 13137646] [quote = sagi; 13137589] Qualche tempo fa ho preso questo scambio su M5 su UJ. Qual è il modo più semplice per posizionare lo scambio, oltre a posizionare il cursore sulla candela quando si chiude, guardare l'alto e il basso, quindi sottrarre / aggiungere un pip a ciascuna estremità e quindi effettuare l'ordine? {image} [/ quote] Vuoi un EA che arma il commercio con un clic, con lotto predeterminato, SL e TP? {file} [/ quoWow, questo EA significa affari! L'ho messo sul grafico e ha preso il sopravvento sui miei scambi esistenti! Penso di aver bisogno di sapere come usarlo! [/ Quote]

I beg your pardon. This EA is useful if you trade only one pair. If you trade more than one pair, it closes all trades when hit the TP or SL. Better not use it. Excuse me.
  • #1,577
  • Aug 28, 2020 12:29pm Aug 28, 2020 12:29pm
EA UPDATE: Version 15 (PLEASE PM me with EA issues, if you cannot PM, then place a SHOUT on my profile)

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

Added a new input, tradeComment.
Users can now enter whichever comments they require. If left alone the EA will place default comments.


Health and safety to all.
Jess
PS: Latest EA version, info, and video sources can be found at https://github.com/xmess7/Magi100
Attached File(s)
File Type: txt POST_MAG100EA_UPLOAD.txt   < 1 KB | 460 downloads
Our AWESOME IMAGINATION is the true holy grail!
  • #1,578
  • Aug 29, 2020 6:46am Aug 29, 2020 6:46am
Quoting Minotawr
Hello Folks, let me introduce very quick my trading system...easy and profitable ....and yes, there is nothing magical about this one Time Frame H1 , but it works also in the higher timeframes as well! All you need is a strong trend, a 100EMA and common sense. We only take trades in the direction of the trend! Buy : Price is above the 100EMA, you place a buy stop order above the red candle. Stop is is under the candle. TP is 2R (R:R is about 1:2 or 1:3) See Picture {image} Sell: Price is under the 100EMA, you place a sell order...
Can i use strength indicator, to make more odds in our favor
  • #1,579
  • Aug 30, 2020 8:30am Aug 30, 2020 8:30am
Quoting xmess7
EA UPDATE: Version 15 (PLEASE PM me with EA issues, if you cannot PM, then place a SHOUT on my profile) Download is ready at: https://github.com/xmess7/Magi100 Added a new input, tradeComment. Users can now enter whichever comments they require. If left alone the EA will place default comments. Health and safety to all. Jess PS: Latest EA version, info, and video sources can be found at https://github.com/xmess7/Magi100 {file}
Do you have instructions on how to set up the settings in the EA?
  • #1,580
  • Aug 30, 2020 8:59am Aug 30, 2020 8:59am
Quoting Destoma
{quote} It has been on ''oversold'' in virtually all time frames. It has to correct itself before possibility of going up. I skinned it with the AUdJPY pair. From the last impulse wave, it oversold to the fib extension of 2 and corrected itself back to half of its run
What TF are you talking about? AJ has been going up for months now, and so has GJ, and they rallied on Friday, that is why I asked does anyone know why the yen is going down so much.
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