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Magic 100

  • #1,841
  • Dec 27, 2020 3:38pm Dec 27, 2020 3:38pm
Quoting Aliens
{quote} thank you. I hope you are successful in trading next year and if there is a problem in trading, raise it here so that we can all solve it together.
I hope they were some trading problems,

There were some family issues and had to stop trading.
But now is all good.

Thanks for your support. Happy to share ideas and help
  • #1,842
  • Dec 27, 2020 3:45pm Dec 27, 2020 3:45pm
Quoting Zuzu29
{quote} Did I understand magic 100 strategy correctly when using m5 and m15 ema 20 and ema 50?
This is Magic100 strategy, means it is based on EMA100.
We will add EMA50 and EMA20 for better confirmation. If we do not add them, there will be no problem.
The main problem with this strategy is the location of the stop loss, which is a bit misinterpreted in post #1.
Stop Loss should be at the top or bottom of the last swing in each time frame ( not last candle )
Money goes to the one who understands, not the one who rushes
  • #1,843
  • Dec 27, 2020 3:49pm Dec 27, 2020 3:49pm
Quoting Frag8383
{quote} I hope they were some trading problems, There were some family issues and had to stop trading. But now is all good. Thanks for your support. Happy to share ideas and help
Oh I'm really sorry to hear that.
I hope all the problems are solved so that you can trade with peace of mind.
Money goes to the one who understands, not the one who rushes
  • #1,844
  • Dec 27, 2020 3:50pm Dec 27, 2020 3:50pm
Quoting Aliens
{quote} This is Magic100 strategy, means it is based on EMA100. We will add EMA50 and EMA20 for better confirmation. If we do not add them, there will be no problem. The main problem with this strategy is the location of the stop loss, which is a bit misinterpreted in post #1. Stop Loss should be at the top or bottom of the last swing in each time frame ( not last candle )

your answer would have removed many question marks. Thank you. the method looks really profitable. What I need to do now is to put aside the emotions and act in accordance with the rules with 1% risk management.
your answer would have removed many question marks. Thank you. the method looks really profitable. What I need to do now is to put aside the emotions and act in accordance with the rules with 1% risk management.
  • #1,845
  • Dec 27, 2020 3:58pm Dec 27, 2020 3:58pm
Quoting Zuzu29
{quote} your answer would have removed many question marks. Thank you. the method looks really profitable. What I need to do now is to put aside the emotions and act in accordance with the rules with 1% risk management. your answer would have removed many question marks. Thank you. the method looks really profitable. What I need to do now is to put aside the emotions and act in accordance with the rules with 1% risk management.
Money and risk management is ridiculous for this strategy. This strategy wins most of the time.
My suggestion to you is to trade 0.02 fixed Lot size for every $ 1,000 but trade on 10 currency pairs at the same time And close them all at Basket profit.
Money goes to the one who understands, not the one who rushes
  • #1,846
  • Dec 27, 2020 5:00pm Dec 27, 2020 5:00pm
Quoting Aliens
{quote} Money and risk management is ridiculous for this strategy. This strategy wins most of the time. My suggestion to you is to trade 0.02 fixed Lot size for every $ 1,000 but trade on 10 currency pairs at the same time And close them all at Basket profit.

This was an interesting and justified advice. Thank you. You made me change a lot, my friend. I wouldn't take any action on the M5 normally due to noise instability. I found all the indicators unnecessary. these have changed.
  • #1,847
  • Dec 27, 2020 5:02pm Dec 27, 2020 5:02pm
Quoting Zuzu29
{quote} Did I understand magic 100 strategy correctly when using m5 and m15 ema 20 and ema 50?
not reliable in small timeframes, to much noise
or you need to choose quiet period with small time frames
  • #1,848
  • Dec 27, 2020 5:11pm Dec 27, 2020 5:11pm
Quoting dbsdsun
{quote} not reliable in small timeframes, to much noise or you need to choose quiet period with small time frames

I was thinking so. I realized when I examined it that noise is also on your side in this system. At the end of the day or at the end of the week, the situation is positive, as long as you keep giving up.
  • #1,849
  • Dec 27, 2020 5:21pm Dec 27, 2020 5:21pm
Quoting Zuzu29
{quote} This was an interesting and justified advice. Thank you. You made me change a lot, my friend. I wouldn't take any action on the M5 normally due to noise instability. I found all the indicators unnecessary. these have changed.
your welcome dear,
If you want to trade on many currency pairs at the same time, you have to trade in 1 hour time frame, but if you want to trade on 1 or 2 currency pairs, 5 minute and 15 minute time frames are suitable.
Please note that in low time frames the number of trades increases and so does the number of losses.
Money goes to the one who understands, not the one who rushes
  • #1,850
  • Dec 28, 2020 3:54am Dec 28, 2020 3:54am
does anyone buy this ?

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  • #1,851
  • Dec 28, 2020 4:05am Dec 28, 2020 4:05am
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  • #1,852
  • Dec 28, 2020 4:08am Dec 28, 2020 4:08am
eurcad triggered. is he out does it go down?

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  • #1,853
  • Dec 28, 2020 6:45am Dec 28, 2020 6:45am
Thank you Aliens for all your tips!
  • #1,854
  • Dec 28, 2020 7:37am Dec 28, 2020 7:37am
Quoting Zuzu29
does anyone buy this ? {image} {image}
This situation was related to Tokyo session and we did not take it, but I traded on GBPUSD , GBPJPY, EURGBP in M5 today and it made a lot of profit and it is enough for today.
150 pips in total with 35 Fixed lot size.
Money goes to the one who understands, not the one who rushes
  • #1,855
  • Dec 28, 2020 7:39am Dec 28, 2020 7:39am
Quoting cgninvesting
Thank you Aliens for all your tips!
your welcome dear, I hope it helped.
Money goes to the one who understands, not the one who rushes
  • #1,856
  • Dec 28, 2020 9:15am Dec 28, 2020 9:15am
Quoting Aliens
{quote} This situation was related to Tokyo session and we did not take it, but I traded on GBPUSD , GBPJPY, EURGBP in M5 today and it made a lot of profit and it is enough for today. 150 pips in total with 35 Fixed lot size.

Congratulations my friend. I hope you get more profit


Did you catch the position in the photo?
Did you catch the position in the photo?
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  • #1,857
  • Edited 10:44am Dec 28, 2020 10:33am | Edited 10:44am
Quoting Zuzu29
{quote} Congratulations my friend. I hope you get more profit Did you catch the position in the photo? Did you catch the position in the photo? {image}
Thank you.
Yes exactly this position.
I see you are using Super trend indicator. very good mixed indicators.
Set 10 for period and 4 for multiplier in super trend for best signals.
Money goes to the one who understands, not the one who rushes
  • #1,858
  • Dec 28, 2020 11:24am Dec 28, 2020 11:24am
Quoting Aliens
{quote} Thank you. Yes exactly this position. I see you are using Super trend indicator. very good mixed indicators. Set 10 for period and 4 for multiplier in super trend for best signals.

trend magic indicator is compatible with the name of the subject. I am looking forward to you starting a business related topic. especially involving small time frames. I know that taking lengthy processes is not appropriate in my psychology. So I want to go ahead with a strong strategy on m5 and m15.
  • #1,859
  • Dec 28, 2020 12:47pm Dec 28, 2020 12:47pm
Quoting Zuzu29
{quote} trend magic indicator is compatible with the name of the subject. I am looking forward to you starting a business related topic. especially involving small time frames. I know that taking lengthy processes is not appropriate in my psychology. So I want to go ahead with a strong strategy on m5 and m15.
It's great. You will succeed.
Money goes to the one who understands, not the one who rushes
  • #1,860
  • Dec 28, 2020 1:57pm Dec 28, 2020 1:57pm
this one look pretty good for shorting
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