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Magic 100

  • #2,541
  • Feb 7, 2024 6:08pm Feb 7, 2024 6:08pm
Quoting campco
Thanks Quikly Smaller R = 1:2 (instead of 1:4) I guess... And higher winrate is say trading with 0.05 instead of 0.01 Lot .... ? Regards, Ben
You got the first right. Smaller R.

And smaller R is what gives a higher winrate.

It has nothing to do with lot size.
MetaTrader 4 - so many advantages.
  • #2,542
  • Feb 8, 2024 11:26am Feb 8, 2024 11:26am
EURAUD H1
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  • #2,543
  • Feb 15, 2024 9:42am Feb 15, 2024 9:42am
I don't always follow the original rules, the movement was clearly short
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  • #2,544
  • Feb 16, 2024 1:22pm Feb 16, 2024 1:22pm
NZDJPY H1, 1:1,4
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  • #2,545
  • Feb 20, 2024 2:56am Feb 20, 2024 2:56am
NZDJPY H1, 1:2
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  • #2,546
  • Feb 21, 2024 8:48am Feb 21, 2024 8:48am
Sol/usdt (crypto) 1:3 positon
Let's see how it will do
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Trend following
  • #2,547
  • Feb 21, 2024 10:35am Feb 21, 2024 10:35am
Hello Can you give me the levels of your fibos please? THANKS
  • #2,548
  • Feb 23, 2024 5:17am Feb 23, 2024 5:17am
Traders who trade with this system, what is best R:R for this, in you opinion?
Trend following
  • #2,549
  • Feb 23, 2024 11:27am Feb 23, 2024 11:27am
Quoting mehantrader
what is best R:R for this, in you opinion?

In institutional circles (where systems based on this and/or very similar are widespread) it’s nearly always 1.0:0.8 or 1.0:0.7, either 0.8 reward to 1.0 risk, or 0.7 reward to 1.0 risk, in other words, less than 1.0.

Retail traders always try for higher reward. Not necessarily wisely.

I use 1.0:1.0.

I have actually seen people using 1.0:1.25, even 1.0:1.5 successfully, with patience and much smaller position-sizes. And lower win-rates, obviously.

1.0:2.0 is seriously wrong, and 1.0:3.0 (as wildly recommended at the start of the thread!!!) is totally insane, in my opinion.
  • #2,550
  • Feb 23, 2024 12:03pm Feb 23, 2024 12:03pm
Quoting KarlKraus
{quote} In institutional circles (where systems based on this and/or very similar are widespread) it’s nearly always 1.0:0.8 or 1.0:0.7, either 0.8 reward to 1.0 risk, or 0.7 reward to 1.0 risk, in other words, less than 1.0. Retail traders always try for higher reward. Not necessarily wisely. I use 1.0:1.0. I have actually seen people using 1.0:1.25, even 1.0:1.5 successfully, with patience and much smaller position-sizes. And lower win-rates, obviously. 1.0:2.0 is seriously wrong, and 1.0:3.0 (as wildly recommended at the start of the thread!!!)...
So true.
Perfection is the enemy of good enough!
  • #2,551
  • Feb 23, 2024 1:34pm Feb 23, 2024 1:34pm
Quoting KarlKraus
{quote} In institutional circles (where systems based on this and/or very similar are widespread) it’s nearly always 1.0:0.8 or 1.0:0.7, either 0.8 reward to 1.0 risk, or 0.7 reward to 1.0 risk, in other words, less than 1.0. Retail traders always try for higher reward. Not necessarily wisely. I use 1.0:1.0. I have actually seen people using 1.0:1.25, even 1.0:1.5 successfully, with patience and much smaller position-sizes. And lower win-rates, obviously. 1.0:2.0 is seriously wrong, and 1.0:3.0 (as wildly recommended at the start of the thread!!!)...
You need a very high win-rate to get a good amount of pips if you're doing it 1:1. I also think 1:3 is insane but I still don't think 1:1 will do it. what is your win-rate with it?
Trend following
  • #2,552
  • Feb 23, 2024 1:38pm Feb 23, 2024 1:38pm
Quoting mehantrader
I still don't think 1:1 will do it. what is your win-rate with it?
You are very mistaken, then.

It's definitely right, what's above.

No retail trader should be trying to trade this kind of system (which is brilliant, and a real long-term winner) with an R of anything like 2.0.

1.0 is fine, and sensible, and practical, etc.
  • #2,553
  • Feb 23, 2024 3:54pm Feb 23, 2024 3:54pm
Hello Mages!

I found a tool that can aid you in finding the right candles to enter on after an established trend.

Keep using the 100 EMA! However, instead of waiting around for an arbitrary moment to start using magic 100, lets use this: Effort Versus Results Explorer. It's a free TradingView indicator, that works wonderfully with this system! I know it sucks to have to use tradingview to chart if you don't already, but no joke, check it out!
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Here's how you can time your entries 1000% better..

Once price is inside an established trend, observe the EVEREX indicator and wait for:

two consecutive bars that are the same color, decently sized, and are roughly filled up to the same level at about 50%.

Below is an example of it working on 1 Hour chart inside trends that aren't even established ( which is not ideal for this strat). It works even better in trending markets.. I'm marking the candles that would give the signal, meaning you would wait for the break of the high or low of the marked candle to enter.

As some other traders mentioned already, shoot for 1:1 RR, which is cleaner, safer, and more realistic.
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  • #2,554
  • Feb 24, 2024 5:34pm Feb 24, 2024 5:34pm
We only need 1 HALF CANDLE..WOW
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  • #2,555
  • Feb 24, 2024 10:15pm Feb 24, 2024 10:15pm
Monitor different pairs 100 EMA strength
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  • #2,556
  • Feb 24, 2024 11:29pm Feb 24, 2024 11:29pm
Been doing this since 2005. Buy red Sell green on Daily but in 05 was doing it on ES and few things like grains and meats. Its about as simple a scalp as it gets.
  • #2,557
  • Feb 25, 2024 2:25pm Feb 25, 2024 2:25pm
Starting monday I will use this system
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  • #2,558
  • Feb 25, 2024 10:37pm Feb 25, 2024 10:37pm
Quoting MachineLearn
Here's how you can time your entries 1000% better.. Once price is inside an established trend, observe the EVEREX indicator and wait for: two consecutive bars that are the same color, decently sized, and are roughly filled up to the same level at about 50%.
Hi MachineLean, thanks for sharing the EVEREX indicator.

Any chance you can provide a detailed annotated chart(s) showing how & when the EVEREX indicator indicates a buy or sell signal?

It's not clear to me which bars I should be looking at on the EVEREX indicator, and what it means when they are filled up at the 50% level.

Thanks!
  • #2,559
  • Feb 26, 2024 6:25am Feb 26, 2024 6:25am
Quoting m618
{quote} Hi MachineLean, thanks for sharing the EVEREX indicator. Any chance you can provide a detailed annotated chart(s) showing how & when the EVEREX indicator indicates a buy or sell signal? It's not clear to me which bars I should be looking at on the EVEREX indicator, and what it means when they are filled up at the 50% level. Thanks!
EVEREX measures the difference between effort and result through analysis of volume. now typically in a strong trend , you’ll see a consistent amount of volume coming in or out and this can usually indicate a continuation in the market. So when we see a large influx of volume on the indicator(a large bar) but the effort versus result is completely split (50% bar), It’s a strong indication of continuation and it’s a perfect time to apply the magic 100 strategy. The other indicator you see is just a tool used to display how far price is from the 100 EMA(measured by 1-100) on other pairs.
  • #2,560
  • Edited 6:54am Feb 26, 2024 6:27am | Edited 6:54am
Quoting m618
{quote} Hi MachineLean, thanks for sharing the EVEREX indicator. Any chance you can provide a detailed annotated chart(s) showing how & when the EVEREX indicator indicates a buy or sell signal? It's not clear to me which bars I should be looking at on the EVEREX indicator, and what it means when they are filled up at the 50% level. Thanks!
Hares a good example from EURUSD a few hours ago.

EVEREX BAR is relatively larger than the last few bars and is showing a complete 50 50 between effort and result (50%), while price is way above 100EMA

now we just let magic100 do its thing
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