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Magic 100

  • #1,701
  • Sep 11, 2020 8:58am Sep 11, 2020 8:58am
Quoting Frag8383
{quote} I understand that 10% is a lot even with a 90% win rate you can have 2 bad trades in a row and you are in a quick 20% drawdown, then your head start to play tricks with you and even 5% can be a lot although many people trade max 5% but increase to 1.5% or 2% which is the standard used by everyone . Anyway at the end the important thing is to feel comfortable with what you risk not how much you risk
True, but this is for someone who only has 1 to 2 open trades at the same time, but I have between 15 and 30 trades open at the same time, and if I take a 2% risk, and if ( just if ) I lose in all of them, more than half of my account will be lost.
Money goes to the one who understands, not the one who rushes
  • #1,702
  • Sep 11, 2020 9:00am Sep 11, 2020 9:00am
Quoting Aliens
{quote} True, but this is for someone who only has 1 to 2 open trades at the same time, but I have between 15 and 30 trades open at the same time, and if I take a 2% risk, and if ( just if ) I lose in all of them, more than half of my account will be lost.
15 to 30 trades open at the same time
  • #1,703
  • Sep 11, 2020 10:52am Sep 11, 2020 10:52am
Quoting Frag8383
{quote} 15 to 30 trades open at the same time
Yeah. If you look at the photos I have posted so far, it is open more than 10 positions.
Money goes to the one who understands, not the one who rushes
  • #1,704
  • Sep 11, 2020 6:41pm Sep 11, 2020 6:41pm
Quoting flashpaul
Seconda operazione su GBPUSD con una nuova grafica. Non c'è bisogno di passare da una TF all'altra. I love this pattern. {image} {file} {file}
Thank you for the indicator. I placed it on H1 chart and this is what I got. Could you please explain how to use it.
Attached Image (click to enlarge)
Click to Enlarge Name: Pepperstone MetaTrader 4 M candles.png Size: 76 KB
  • #1,705
  • Edited Sep 12, 2020 12:06am Sep 11, 2020 11:25pm | Edited Sep 12, 2020 12:06am
Quoting Frag8383
{quote} Some people asked me about the “Tricks” that I use and the indicators. The strategy is based on the MAGIC 100 with some variations to void ranging markets and to define a proper pullback. Is strictly the MAGIC 100? No that is why I have not published before but after people has asked me screw it and I’m posting it here since it may help some people. The only thing that I ask to those that are interested is to send me any questions in private to avoid to annoying or cluster the thread with questions about this version for those that are only...
Hello frag8383,
thank you very much for sharing your EA.
Also I would like to thank the creator of the thread for sharing the strategy and all other users for publishing their work and experiences with it. All this takes time, which is often short. Especially for beginners like me these contributions are valuable. Thanks a lot.
Next week I want to test your (frag8383) shared files on a demo account. Can you recommend certain TF and Pairs to me? Unfortunately the retracement finder and the Multi tf ma do not work (both in the indicator folder). Do you have an idea what could be the reason?
I ask in the thread, because I can't send you a PM as a junior member.

Last week I tested the EA from xmess7 on H1, M5 and M1. I tried out different CRVs and changed the SL and the trailing-adjustments. However, I haven't found any settings yet that will reduce the loss trades for me. Many trades start green, but do not reach CRV 1:2 or 1:3 and then run into SL (0.5% risk).

Maybe someone else has a tip, too. I am happy about feedback.
Thanks to you
  • #1,706
  • Sep 12, 2020 4:13am Sep 12, 2020 4:13am
Quoting dr.butze
{quote} Hello frag8383, thank you very much for sharing your EA. Also I would like to thank the creator of the thread for sharing the strategy and all other users for publishing their work and experiences with it. All this takes time, which is often short. Especially for beginners like me these contributions are valuable. Thanks a lot. Next week I want to test your (frag8383) shared files on a demo account. Can you recommend certain TF and Pairs to me? Unfortunately the retracement finder and the Multi tf ma do not work (both in the indicator folder)....
Hi dr,butze.

I normally trade lower timeframes with low spread (normally the majors), the system willl work on any pair and on any time frame, at the end is a trend system, what you need to do is find a good trend a retracement and jump in and that will take place on all timeframes, the only thing is that when a timframe is ranging another maybe trending that is why I use the RSI to signal strong trends. If you are a beginner using a demo account I will recommend to look at the 1 min or the 5 min chart, the reason being is that you will see a lot of formations and prices moving around a lot more than if you use the 1 hour chart that you will see only 1 or 2 entries a day and your learning will be quickerand have a lot more screen time. Then when you trade live use the 5-15 or 1 hour timeframe.

Since many people are having problems with the ma and the retracement finder, below you can find a new ema indicator and new template.

The retracement finder is the same as the CCI indicator that you have on the platform, the only thing is that the retracement finder looking for pullbacks looks better. If you prefer the retracement finder but is not working google "Reatracement Finder Indicator MT4" and you can find one that works on your platform.

Remember that the template below is set for the 5 min chart, if you want to tarde other timeframe the only indicator that you will need to adjust is the 2 RSI, on the PDF that I attached on post 1634, I indicated the timeframes that I use. I dont upload the other indicators because they are alredy on the post 1634.

I hope it helps
Thanks
Kind Regards
Attached File(s)
File Type: ex4 MA_in_Color_wAppliedPrice.ex4   12 KB | 496 downloads
File Type: tpl Magic 100-2.tpl   80 KB | 504 downloads
  • #1,707
  • Sep 12, 2020 4:25am Sep 12, 2020 4:25am
Quoting Frag8383
{quote} Hi dr,butze. I normally trade lower timeframes with low spread (normally the majors), the system willl work on any pair and on any time frame, at the end is a trend system, what you need to do is find a good trend a retracement and jump in and that will take place on all timeframes, the only thing is that when a timframe is ranging another maybe trending that is why I use the RSI to signal strong trends. If you are a beginner using a demo account I will recommend to look at the 1 min or the 5 min chart, the reason being is that you will...
Hello, on your second template you have CCI instead of the retracement finder. Why is that? Since you use the retracement finder, could you explain better how to use it - what to look for? It has red, blue and black lines, but I don;t understand your instructions in the PDF. Thank you in advance. BTW, even on the second Template, there is no MA appearing on the chart.
  • #1,708
  • Sep 12, 2020 4:31am Sep 12, 2020 4:31am
Quoting sagi
{quote} Hello, on your second template you have CCI instead of the retracement finder. Why is that? Since you use the retracement finder, could you explain better how to use it - what to look for? It has red, blue and black lines, but I don;t understand your instructions in the PDF. Thank you in advance. BTW, even on the second Template, there is no MA appearing on the chart.
Ok I will reply with the private message that I just send you since it explains the same things.

The ema works with the new template, I just check it on my terminal, place above ma indicator on the indicator folder close the terminal and open it again, should work.
I have use the cci because some people told me that the retracement finder was not working for them.

private message to you- explaining about the retracement finder and so on.

Hi Sagi,

I have uploaded a new template on the new post with a ema that should work.

The retracement finder is a CCI period 14, when it crosses 0 the pullback has finish.

If you look the pdf that I post it, you can enter when the CCI-Retracement Finder gets out of +100/-100, a more secure entry but later entry is when the CCI crosses 0 up or down.

I use the retracement finder instead of the CCI because it looks better.

The RSI signals the strenght of the trend, normally what kills trending systems is whe you find yourself on a range. This can happen also when the RSI is strongly trending but is less likely and will definetly happen less times.

Again if you look in the PDF I have placed a table of the timeframes to use for the RSI depending on the timeframe that you use.

On the template attached with the pdf and the latest template is set for the 5 min chart and the RSI is 30 min and 1 hour.

You can trade when one of those timeframes is strongly trending or when booth are strongly trending that is up to you.

The RSI has to be adjusted when you change timeframes it does not do so automatically that is why in your chart apper all mess up, so for example if you want to trade the 15 min chart you will have to go to the RSI settings and chage the first RSI from 30 to 60 and the second from 60 to 240 always using minutes.

I hope it helps,

let me know if you have other questions
Kind regards
  • #1,709
  • Sep 12, 2020 4:50am Sep 12, 2020 4:50am
Quoting Frag8383
{quote} Ok I will reply with the private message that I just send you since it explains the same things. The ema works with the new template, I just check it on my terminal, place above ma indicator on the indicator folder close the terminal and open it again, should work. I have use the cci because some people told me that the retracement finder was not working for them. private message to you- explaining about the retracement finder and so on. Hi Sagi, I have uploaded a new template on the new post with a ema that should work. The retracement...
The MA indicator works, but it is not part of Magic-100(2) template. Which setting on the MA indi is for exponential? I like your retracement indicator but just need to understand what I am looking for. Here is a chart where I have placed a rectangle to show the section where I have placed a down arrow where a short trade would have been triggered. Can you explain the parameters of the indicators below as to why that would have satisfied the requirements. Otehrwise it is just a normal magic 100 entry. BTW, the MA is 100, type 1 on your indicator.
Attached Image
  • #1,710
  • Sep 12, 2020 4:53am Sep 12, 2020 4:53am
Quoting sagi
{quote} The MA indicator works, but it is not part of Magic-100(2) template. Which setting on the MA indi is for exponential? I like your retracement indicator but just need to understand what I am looking for.
yes it is

In any case if you are having problems

the settings are

100
1
0

Kind regards
Attached Image (click to enlarge)
Click to Enlarge Name: ma.PNG Size: 58 KB
  • #1,711
  • Sep 12, 2020 5:03am Sep 12, 2020 5:03am
Quoting sagi
{quote} The MA indicator works, but it is not part of Magic-100(2) template. Which setting on the MA indi is for exponential? I like your retracement indicator but just need to understand what I am looking for. Here is a chart where I have placed a rectangle to show the section where I have placed a down arrow where a short trade would have been triggered. Can you explain the parameters of the indicators below as to why that would have satisfied the requirements. Otehrwise it is just a normal magic 100 entry. BTW, the MA is 100, type 1 on your indicator....
Like I mention before the Retracement finder is the same thing as a CCI indicator, you can take any oscillator to find pullbacks , stochastic, osma, RSI, any oscillator, I prefer the CCI, now I use the Retracement finder that is exaclty the same thing as the CCI because it looks better.

I use the standard settings 14, when it goes above 100 is overbought and when below -100 oversold. I dont believe in oversold or overbought indicators and things like that, but what it tells me is that is a big enough pullback.

On the vertical line on your chart is a coincidence that is a normal Magic 100 entry and also that the CCI on the previous bar was above +100 and on the vertical line bar the CCI has gone below 100, which is 1 type of the entry

The other entry is to wait for the black line of the Retracement finder that is telling you that the pullback has finish on the next bar, basically the CCI was above 0 and now is the first candle to be below 0 - pullback finish.

Kind regards
  • #1,712
  • Edited 6:39am Sep 12, 2020 6:23am | Edited 6:39am
Quoting Frag8383
{quote} Hi dr,butze. I normally trade lower timeframes with low spread (normally the majors), the system willl work on any pair and on any time frame, at the end is a trend system, what you need to do is find a good trend a retracement and jump in and that will take place on all timeframes, the only thing is that when a timframe is ranging another maybe trending that is why I use the RSI to signal strong trends. If you are a beginner using a demo account I will recommend to look at the 1 min or the 5 min chart, the reason being is that you will...
Thank you very much.
The MA in colour is working and i found an alternative for the retracement finder, which works.

It's very kind of you. I wish you a nice weekend
  • #1,713
  • Edited 1:14pm Sep 12, 2020 12:07pm | Edited 1:14pm
[quote = sagi; 13162278] {quote} Grazie per l'indicatore. L'ho posizionato sul grafico H1 e questo è quello che ho ottenuto. Potresti spiegare come usarlo. {image} [/ quote]

My name is Paul. When I was a child I liked a hero of fiction cartoons called Flash Gordon. I loved his speedy. For this reason, I coined this nickname.

I like simple charts and I am not able to follow too many indicators that create more confusion than suggestions.

In the attachment you and all the members of this thread you can find almost all inversion patterns in almost all pairs, TF M1, indicator in 60 minutes, which we could find on the day of yesterday.

With one chart you can follow all pairs.

So, set your graphic in M1 (not H1), mark your clock, and look at the candles of the indicator every one hour.

In the screenshots, I marked with a sign the inversions; I don´t want to explain the meaning of all them; it is intuitive and needs to train your eye. Observing the candlesticks, in one glance you know what to do. When there are spikes and the candle is inverted the previous one there is a high probability of inversion. The inversion is as a wave. Deeper or higher is the spike stronger is the reaction.

Some entries are before the inversion, especially when there is a strong pin candle, how you can see in GBP pairs screenshots. After the inversion, if the price is above or below ema 100 it is a signal confirmed.

Look at if the candles are beating against support or resistance.
Look at if low and high of the candles are increasing or decreasing.

SL is at the low or high of the last candle. R:R may be 1:1 or more.

There is another option: to open the trades and to close all when you hit your daily gain. But this is a question which has to be talked another time.

Good weekend
Attached File(s)
File Type: rar Inversion patterns.rar   3.0 MB | 850 downloads
File Type: tpl ! Ema 100 M1.tpl   241 KB | 541 downloads
  • #1,714
  • Sep 13, 2020 3:18am Sep 13, 2020 3:18am
Quoting Frag8383
{quote} Like I mention before the Retracement finder is the same thing as a CCI indicator, you can take any oscillator to find pullbacks , stochastic, osma, RSI, any oscillator, I prefer the CCI, now I use the Retracement finder that is exaclty the same thing as the CCI because it looks better. I use the standard settings 14, when it goes above 100 is overbought and when below -100 oversold. I dont believe in oversold or overbought indicators and things like that, but what it tells me is that is a big enough pullback. On the vertical line on your...
Thank you.so is it correct that the black line is the first line when it goes from one side of zero to the other?


YOur short example chart in the PDF - Can you please put an arrow on your chart - I don't understand where your entry was and why? Was this entry later or earlier than the simple Magic 100 entry?
Attached Image
  • #1,715
  • Sep 13, 2020 4:55am Sep 13, 2020 4:55am
Quoting sagi
{quote} Thank you.so is it correct that the black line is the first line when it goes from one side of zero to the other? YOur short example chart in the PDF - Can you please put an arrow on your chart - I don't understand where your entry was and why? Was this entry later or earlier than the simple Magic 100 entry? {image}
I cannot edit the charts right now, I'm writing from the mobile
Yes is correct the back lines is when the CCI goes from one side of zero to the other and that is the entry since it signals the end of the pullback
The entry on your chart is correct
Booth rsi below 45
Zigzag lower low and lower high
CCI goes above 100
Entry on the black line ending the pullback
On this occasion the entry was later but if you want you could have entered earlier when the CCI went below +100
You can enter half position when the CCI goes below 100 and the other half when the pullback has finished
  • #1,716
  • Sep 13, 2020 9:04am Sep 13, 2020 9:04am
[quote = xmess7; 13139089] {quote} sagi: Bitte PM oder einen Shout auf mein Profil setzen, wenn ich nach EA-Informationen frage. Der EA arbeitet grundsätzlich nach den Anweisungen auf Seite 1 dieses Threads. Auf der Github-Site gibt es 3 Videos zur Funktionsweise des EA und einige Informationen in den Eingaben. Bitte beziehen Sie sich darauf. https://github.com/xmess7/Magi100 Danke Jess [/ quote]

Hello xmess7, thank you for creating and sharing the EA. I know that this costs valuable time and free sharing is not a matter of course nowadays. Thanks a lot.
I am a beginner and am currently testing the ea on a demo account with different settings.
Today I tested it on M5 with XRPUSD (at Roboforex I have the lowest spreads (compared to the other cryptos) on that one at the weekend. The SL is set with usebar1_HLo TP is 1:2 and Size is 0.5%. I have often observed that the trade goes into the green but does not hit the TP and then runs into the SL. I want to counteract this with trailing.
So I simply set set trail stop to 2 PIP. Then a sell trade was opened at 0.2450. The original SL was 0.2485. But even if the price was almost at the TP the SL was not followed. Probably because of my inexperience but I thought if the price was 0.2448 then the SL was adjusted to 0.2483. Or do you have to set BE for that?
Which meaning has set step delta in this context?
Sorry for the stupid questions, but I am at the beginning and would like to learn more.
Thank you very much for your help.
  • #1,717
  • Sep 13, 2020 9:29pm Sep 13, 2020 9:29pm
Quoting Frag8383
{quote} I cannot edit the charts right now, I'm writing from the mobile Yes is correct the back lines is when the CCI goes from one side of zero to the other and that is the entry since it signals the end of the pullback The entry on your chart is correct Booth rsi below 45 Zigzag lower low and lower high CCI goes above 100 Entry on the black line ending the pullback On this occasion the entry was later but if you want you could have entered earlier when the CCI went below +100 You can enter half position when the CCI goes below 100 and the other...
Hi Frag, I am looking at the M% EURUSD chart today, Asian session, and trying to figure out the RSI and Retracement indi. It seems that the REtr. indi is red when the price goes up and blue when the price goes down. The RSI is black on both, so does that mean a ranging market?
  • #1,718
  • Sep 13, 2020 10:40pm Sep 13, 2020 10:40pm
Quoting sagi
{quote} Hi Frag, I am looking at the M% EURUSD chart today, Asian session, and trying to figure out the RSI and Retracement indi. It seems that the REtr. indi is red when the price goes up and blue when the price goes down. The RSI is black on both, so does that mean a ranging market?
Correct
Black on both Rsi means ranging market
  • #1,719
  • Sep 14, 2020 2:30am Sep 14, 2020 2:30am
Quoting dr.butze
{quote} Hello frag8383, thank you very much for sharing your EA. Also I would like to thank the creator of the thread for sharing the strategy and all other users for publishing their work and experiences with it. All this takes time, which is often short. Especially for beginners like me these contributions are valuable. Thanks a lot. Next week I want to test your (frag8383) shared files on a demo account. Can you recommend certain TF and Pairs to me? Unfortunately the retracement finder and the Multi tf ma do not work (both in the indicator folder)....
I am also finding that , using the EA on 5 pairs, the average loss per day is over 2%.
  • #1,720
  • Sep 14, 2020 5:04am Sep 14, 2020 5:04am
Hi,
M5 or M15. But need trend as always ...
Green pips to all
jf
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