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Magic 100

  • #1,601
  • Sep 3, 2020 3:14am Sep 3, 2020 3:14am
Quoting Juri
{quote} Thank you very much Jess, great work. I know Minotawr doesn`t like EA`s at all but this one seems very promising. I am testing the EA on smaller timeframes for scalping. It looks great so far
How do you set the EA to use different timeframes? I thought it only did 1 Hour.
  • #1,602
  • Sep 3, 2020 5:00am Sep 3, 2020 5:00am
Quoting Juri
{quote} Here my results on m5 timeframe, this is my small micro account. Everything like Mino has suggested. Only Frankfurt/London session. The profit trades overall are just 48%, but you see how the equity curve is going. Of course we have a strong trend on E/U. I am curios how it will gonna be over longterm {image}
Looks good, what are the hours you have it trading - GMT 7 to 17?
  • #1,603
  • Sep 3, 2020 5:01am Sep 3, 2020 5:01am
Quoting D123
{quote} How do you set the EA to use different timeframes? I thought it only did 1 Hour.
Just place it on a chart of whatever TF you want.
  • #1,604
  • Sep 3, 2020 5:57am Sep 3, 2020 5:57am
Hi guys.Been following for a while.

What brokers do you find the best all round for trading this great strategy?
Also, when one is placing a trade, do you add the spread on to the entry price if buying say Eur/Usd, at 1.181 and spread is 2 so buy price is now 1.183.
Do you then also add the spread on to the stop, also to allow for fluctuations in the price?
Can the fibonacci tool be adjusted to do this of adding the spread on to the bar that you place fib tool on.?
Thanks Pilotpat47
  • #1,605
  • Sep 3, 2020 12:20pm Sep 3, 2020 12:20pm
Hi everyone!

After some years lurking at Forex Factory, I've decided to contribute to this fantastic community, sharing an Expert Advisor I have coded based on the Magic 100 strategy.

Also I have written a translation to Spanish of the strategy, you can find it at: https://www.x-trader.net/articulos/t...magic-100.html

Hope you like it!
Attached File(s)
File Type: ex4 Magic100.ex4   193 KB | 692 downloads
  • #1,606
  • Sep 3, 2020 4:17pm Sep 3, 2020 4:17pm
very thoughtful of you and you did great.
  • #1,607
  • Sep 4, 2020 6:40am Sep 4, 2020 6:40am
what your thoughts on this trade?
Attached Image (click to enlarge)
Click to Enlarge Name: site.png Size: 35 KB
  • #1,608
  • Sep 4, 2020 8:00am Sep 4, 2020 8:00am
Hi,
A free tool for those who want to play MAGIC 100 on other < TFs and view EMA 100 on the same graph on other TFs.
It is also a good analysis tool for this strat
Here it is : https://www.mql5.com/en/market/produ...#!tab=overview

Attached Image (click to enlarge)
Click to Enlarge Name: magic100.PNG Size: 29 KB
  • #1,609
  • Sep 5, 2020 2:52pm Sep 5, 2020 2:52pm
Aliens and Flashpaul stop talking I think is beacuse now all the talk is about the EA.

Well good luck to them I wanted to learn more form them but I understand

Kind Regards
  • #1,610
  • Sep 6, 2020 12:34am Sep 6, 2020 12:34am
Quoting TidalSurf
Seemed to be interesting and worth a try. My to-do: 1) check H4 trend (if price is below or above EMA) 2) once H4 trend identified, I will go to H1 and trade according the trend on H4. let’s say H4 is a sell trend, I will go into H1 and wait for price goes below EMA, then wait for a green candle to come up for me to set my STOP order.
Hi,
this is the same strategy as "3 ducks" (ancient good strat)
New is the stop order on contrary candle
Cheers
jf
  • #1,611
  • Sep 7, 2020 4:47am Sep 7, 2020 4:47am
Quoting Frag8383
Aliens and Flashpaul stop talking I think is beacuse now all the talk is about the EA. Well good luck to them I wanted to learn more form them but I understand Kind Regards
Hi dear Frag
Thank you for your kindness, but apparently we were changing the rules here, so we didn't post anymore.
Money goes to the one who understands, not the one who rushes
  • #1,612
  • Sep 7, 2020 5:11am Sep 7, 2020 5:11am
Quoting Aliens
{quote} Hi dear Frag Thank you for your kindness, but apparently we were changing the rules here, so we didn't post anymore.
If you ever open a thread count me in

Take care

Kind regards
  • #1,613
  • Sep 7, 2020 5:20am Sep 7, 2020 5:20am
Quoting Frag8383
{quote} If you ever open a thread count me in Take care Kind regards
Thanks, but i don like to open new thread because i dont have anything to say.
After a while, I realized that most traders like automated trading by Experts. So I decided to optimize an expert based on this strategy so that it can earn an average of %2 guaranteed daily. I work hard on it and when I finish I only give it to a few professional traders who are here to test.
Money goes to the one who understands, not the one who rushes
  • #1,614
  • Sep 7, 2020 5:57am Sep 7, 2020 5:57am
Quoting Aliens
{quote} Thanks, but i don like to open new thread because i dont have anything to say. After a while, I realized that most traders like automated trading by Experts. So I decided to optimize an expert based on this strategy so that it can earn an average of %2 guaranteed daily. I work hard on it and when I finish I only give it to a few professional traders who are here to test.
I have some tricks to use with indicators to avoid ranging markets and things like that, or to really trade with the trend.

But decided not to share and comment on them for the same reason as you mentioned before about changing the strategy. For me is not changing the strategy they are complimentary but ok.

If you are interested write me a private message

Kind Regards
  • #1,615
  • Sep 7, 2020 7:45am Sep 7, 2020 7:45am
Quoting Aliens
{quote} Hi dear Frag Thank you for your kindness, but apparently we were changing the rules here, so we didn't post anymore.
I don't think you guys were really changing the strategy. You guys were just strengthening it and making it more flexible on other timeframes. I no longer use the Magic 100 strategy but you and Flashpaul improved it's results when i was using it based your additions
  • #1,616
  • Sep 7, 2020 9:31am Sep 7, 2020 9:31am
[quote = Frag8383; 13151104] Aliens e Flashpaul smettono di parlare Penso che sia perché ora si parla solo di EA. Ebbene, in bocca al lupo a loro, volevo saperne di più da loro ma capisco i migliori saluti [/ quote]

I have gone out not for the EA, but because this thread, based only one EMA, had inspired me to develop another scalping strategy which is far away from the purpose of this thread.

I am looking to develop a simple, essential, quick, and effective strategy where, with a single glance, we know what to do and to take our gain.

When I will be ready, with solid results, I will open a thread of mine and inform you here.

Thank you and my best wishes for the development of your EA.
  • #1,617
  • Sep 7, 2020 9:42am Sep 7, 2020 9:42am
Quoting flashpaul
[quote = Frag8383; 13151104] Aliens e Flashpaul smettono di parlare Penso che sia perché ora si parla solo di EA. Ebbene, in bocca al lupo a loro, volevo saperne di più da loro ma capisco i migliori saluti [/ quote] I have gone out not for the EA, but because this thread, based only one EMA, had inspired me to develop another scalping strategy which is far away from the purpose of this thread. I am looking to develop a simple, essential, quick, and effective strategy where, with a single glance, we know what to do and to take our gain. When I will...

Will be looking forward to that FlashPaul. Goodluck
  • #1,618
  • Sep 7, 2020 1:21pm Sep 7, 2020 1:21pm
Quoting Aliens
{quote}.. it can earn an average of %2 guaranteed daily. .
with all due respect .. Not even Jim Simons would make such a statement.

.
  • #1,619
  • Edited 2:11pm Sep 7, 2020 1:45pm | Edited 2:11pm
Quoting Shaishen
{quote} with all due respect .. Not even Jim Simons would make such a statement. .
I'm not Jim Simons and Jim Simons is not me. The thoughts of the people in the world are different and everyone thinks differently. When I say %100, I mean %100 because I have been accustomed to such things for years and I believe that nothing is impossible. It is enough to believe in whatever field you are active in that everything can be done %100 unless something happens that happens to the whole world and not just us. I am not here to prove these things, but I have tried and practiced these methods for years and got results. One of the reasons that %90 of traders in the Forex market lose their money is the same mindset of people like you, and this story always goes on. I apologize
read old posts.
Money goes to the one who understands, not the one who rushes
  • #1,620
  • Sep 7, 2020 2:43pm Sep 7, 2020 2:43pm
[quote = Shaishen; 13153210] {quote} con tutto il rispetto .. Nemmeno Jim Simons farebbe una simile dichiarazione. .[/citazione]

It is possible, but not everybody is Aliens.
Aliens is a living computer. He (or she?) is an EA itself.

Start to believe it is possible, then work on it.
Every day, for all your life.

A mental attitude is everything.
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