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Magic numbers question 12 replies

Ever seen this magic number bug? 4 replies

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Magic Numbers for Mutiple EA 9 replies

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Quoting sagi
{quote} Hey, how do you feed the EA?
That's a problem - it's on a low-carb diet, so you can't even give it sandwiches.
Something that may help anyone who doesnt grasp the "Magical Simplicity " of this method
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Quoting sagi
{quote} Hey, how do you feed the EA?
I get up 1 hour before Frankfurt and check the pairs. For each pair I start at Daily TF. I draw channels, support, resistance or whatever the charts tells me. My trading will honour these drawings. Then I go down through the timeframes until I reach M30 which I am trading in order to get enough signals as a Daytrader. At this point I know if I want to buy Long, Short or maybe both directions. Be aware, that the EA has a flaw. If you set a trading direction (Long or Short), then that setup will be the same for all pairs that you might be trading. Then you would think " I just open another chart to trade in the other direction". But no sir, the EA tells you that it is not necessary to have more than one chart and it deletes every chart that you try to open. That is a funny way to do things - quite irritating.

I am looking for:

  1. Of cause the trend. But be aware, that if the price is a long way from the EMA100, then it have to "go home" at some point. And that is often a large movement opposite to the trend.
  2. Is it volatile? You need some movement to be able to make pips.
  3. It is a nice bonus if you can spot a price action in Long or Short direction. I specially look for Engulfing, pinbar or a nice strong bar crossing the EMA100 or any resistance or bouncing from support. Note, that I do never buy manually. If I get a nice signal to buy, then I let the EA do the job. Because I am a very bad manual trader!!!


At this point I do not use any indicators to help my decissions, but I will experiment with that later on.

My exit strategy is to exit when the overall gain is x% of the account equity. Then I close everything and call it a day. No matter how nice my positions are trending.

Read post #1 !! Then read it again 10 more times before you ask.
By the way, I am still forward testing on Demo and a very small money account. Don't know if the strategy will work for me.
Read post #1 !! Then read it again 10 more times before you ask.
Quoting starpro
Something that may help anyone who doesnt grasp the "Magical Simplicity " of this method {image}
can you explain your entries please?
so you look for something specific?

Kind Regards
Quoting Frag8383
{quote} can you explain your entries please? so you look for something specific? Kind Regards
Read post #1. When you have done that - several times, then you can ask for anything that you don't understand. But do not ask somebody to repeat post #1 for you.
Read post #1 !! Then read it again 10 more times before you ask.
Quoting RiskFighter
{quote} Read post #1. When you have done that - several times, then you can ask for anything that you don't understand. But do not ask somebody to repeat post #1 for you.
I read post 1 my friend, but there is more to it than just buying every time that a candle on the opposite direction is broken, you will get killed that way.

In fact when long he does not buy every red candle that is broken on the upside, so instead of giving lectures on what people need to do, maybe you need to look yourself

Tha is why I was asking
Quoting Frag8383
{quote} I read post 1 my friend, but there is more to it than just buying every time that a candle on the opposite direction is broken, you will get killed that way. In fact when long he does not buy every red candle that is broken on the upside, so instead of giving lectures on what people need to do, maybe you need to look yourself Tha is why I was asking
I read the whole thread several times. And I have built my own robot. I did not look at his chart, because I don't need to have any lesson about how this work.

Of cause you cannot just take any candle that are broken. You have to choose you trades as I give an example on in post 2,003. That is part of the strategy. I find the pairs that according to my findings will give profit in the comming day and then I let the robot ride the charts according to the rules. I follow the situation and is ready to stop the robot if conditions change.

So now I looked at his example. He did not read post #1. We cannot use this strategy on a 5 minute chart. Why not? Because OP has used this strategy for more than 5 years and he has analyzed what is working and what is not.
Read post #1 !! Then read it again 10 more times before you ask.
Frag8383 study your charts , specialise imo cheers SP

riskfighter , you do not know what I can do or what I cant . it is not your ordinary currency I trade it A200 indice that is all . I have fixed target that is it . anyone can find their own place cheers Sp
Hi all, is anyone currently using the EA from xmess7 (V15 from post 1.577)? If so, how is it running? Which pairs and which TF?
Thank you
Quoting dr.butze
Hi all, is anyone currently using the EA from xmess7 (V15 from post 1.577)? If so, how is it running? Which pairs and which TF? Thank you
Hi dr.butze i am running the EA from xmess7 on DAX30 m15. Very good results over the long period on demo so far. SL is 20 points, TP is 60 points. Risk is 1% of the account.
Pressure shapes Legends
[quote = Juri; 13398277] {quote} Hallo dr.butze, ich führe den EA von xmess7 auf DAX30 m15 aus. Sehr gute Ergebnisse über den langen Zeitraum auf Demo bisher. SL ist 20 Punkte, TP ist 60 Punkte. Das Risiko beträgt 1% des Kontos. [/ Quote]

Hello Juri, thank you very much for your answer. I also wanted to use the EA on a demo account. How do you change the TF? I guess all set pairs always use the TF that the current chart is on, right?
Thanks
Many greetings
Quoting dr.butze
[quote = Juri; 13398277] {quote} Hallo dr.butze, ich führe den EA von xmess7 auf DAX30 m15 aus. Sehr gute Ergebnisse über den langen Zeitraum auf Demo bisher. SL ist 20 Punkte, TP ist 60 Punkte. Das Risiko beträgt 1% des Kontos. [/ Quote] Hello Juri, thank you very much for your answer. I also wanted to use the EA on a demo account. How do you change the TF? I guess all set pairs always use the TF that the current chart is on, right? Thanks Many greetings
TF of the chart the EA is installed dictates the TF.
I use the xmess for some time now but as I mentioned in the past I use it more like a signal, not a set and forget system.
I check the higher TFs for trend direction/strength. Then activate EA on a lower TF.
Once a trade is triggered/active I check the chart and evaluate if it makes sense to keep the trade running/ set TP targets/scale outs. If the trade entry looks under-promising early on I close it.

I am sure there are other ways to use this EA - this is what works for me.

.
[quote = Shaishen; 13398485] {quote} Die TF des Diagramms, in dem der EA installiert ist, bestimmt die TF. Ich benutze das xmess schon seit einiger Zeit, aber wie ich in der Vergangenheit erwähnt habe, benutze ich es eher wie ein Signal, nicht wie ein Set-and-Forget-System. Ich überprüfe die höheren TFs auf Trendrichtung / -stärke. Aktivieren Sie dann EA auf einem niedrigeren TF. Sobald ein Trade ausgelöst / aktiv ist, überprüfe ich das Diagramm und bewerte, ob es sinnvoll ist, den Trade am Laufen zu halten / TP-Ziele festzulegen / zu skalieren. Wenn der Handelseintrag frühzeitig vielversprechend aussieht, schließe ich ihn. Ich bin mir sicher, dass es andere Möglichkeiten gibt, diesen EA zu verwenden - das funktioniert bei mir. .[/Zitat]

Thanks a lot
That's what I was thinking about, using the EA as a signal giver. Is there a possibility to receive a notification when a trade is opened?
Which TF do you use?
Unfortunately I can't use the EA twice in one MT instance. So on a 1H chart and also on a 15 MIN chart - then I get an error and a chart is closed.
Quoting RiskFighter
{quote} I get up 1 hour before Frankfurt and check the pairs. For each pair I start at Daily TF. I draw channels, support, resistance or whatever the charts tells me. My trading will honour these drawings. Then I go down through the timeframes until I reach M30 which I am trading in order to get enough signals as a Daytrader. At this point I know if I want to buy Long, Short or maybe both directions. Be aware, that the EA has a flaw. If you set a trading direction (Long or Short), then that setup will be the same for all pairs that you might be...
Thank you for your detailed reply. so from what you wrote, I understood that you set one direction for the EA for the day on the pairs for which this direction is relevant, and you set it to the M30 cahrt?
The EA will go short or long depend on the settings. By default it´s set to 100ema (if price is above the ema it will go only long and the other way around for shorts) but you can always change that and try different options anyway I wouldn´t let the EA run alone... with HA candles I check the higher TF i.e. H4 if the color match the middle TF M30 then I look for pullbacks on M5.

Best,
CGN

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[quote=Juri;13398277]{quote} Hi dr.butze i am running the EA from xmess7 on DAX30 m15. Very good results over the long period on demo so far. SL is 20 points, TP is 60 points. Risk is 1% of the account.[/quote
Juri,
do you have the "only set orders on color change" on false or true?
[quote = X-Trader; 13147846] Ciao a tutti! Dopo alcuni anni in agguato presso Forex Factory, ho deciso di contribuire a questa fantastica comunità, condividendo un Expert Advisor che ho codificato in base alla strategia Magic 100. Inoltre ho scritto una traduzione in spagnolo della strategia, puoi trovarla su: https://www.x-trader.net/articulos/t...magic-100.html Spero ti piaccia! {file} [/ quote]

Can you change the EA so that each trade has a risk expressed as a percentage of the account balance (example 1%)?
Hello everyone, does someone know which is the correct answer to this question?
You enter into a long (buy) CFD position with a total notional position value of $6,000 and a $300 margin requirement. You have an account balance of $10,000. What is the maximum amount that can be lost on this trade?
possible answers - 0, 2000, 6000, 10000
6,000
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