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Magic 5

  • #21
  • Mar 4, 2024 4:46am Mar 4, 2024 4:46am
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  • #22
  • Mar 4, 2024 5:22am Mar 4, 2024 5:22am
NZDUSD done
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  • #23
  • Mar 4, 2024 6:13am Mar 4, 2024 6:13am
Quoting MachineLearn
{image}
NZDCAD done
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  • #24
  • Mar 4, 2024 6:22am Mar 4, 2024 6:22am
Quoting MachineLearn
{quote} NZDCAD done {image}
is ur code on TV available for public? what shud we search for?
  • #25
  • Mar 4, 2024 6:47am Mar 4, 2024 6:47am
Quoting Subhranta5
i have coded this strategy, but it is not attaching to any chart .. please anyone help {file}
It shows the 100EMA on my chart. But I had to go to the colorsettings to give it a color.
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MetaTrader 4 - so many advantages.
  • #26
  • Mar 4, 2024 6:51am Mar 4, 2024 6:51am
Quoting ssumanaj
{quote} is ur code on TV available for public? what shud we search for?
my TV indicator not ready yet, soon

seems like there’s some mt4 versions out there however
  • #27
  • Mar 4, 2024 7:51am Mar 4, 2024 7:51am
Do you consider the trend on higher time frame?
Truth is constant
  • #28
  • Mar 4, 2024 7:56am Mar 4, 2024 7:56am
Quoting MachineLearn
{quote} my TV indicator not ready yet, soon seems like there’s some mt4 versions out there however
will wait for urs .. will also test the mt4 version in the meantime, thank you
  • #29
  • Mar 4, 2024 8:20am Mar 4, 2024 8:20am
Quoting TraderElvis
Do you consider the trend on higher time frame?
Nope, just need a price to be over 100EMA

Trying to keep the system is simple as possible, just like MAGIC100. No need to conflate different timeframes.
  • #30
  • Mar 4, 2024 10:18am Mar 4, 2024 10:18am
on the USDCHF pair it's a disaster....For the rest it often requires a lot of time in front of the screen for very few pips....
  • #31
  • Mar 4, 2024 10:30am Mar 4, 2024 10:30am
Quoting BixLeVert
on the USDCHF pair it's a disaster....For the rest it often requires a lot of time in front of the screen for very few pips....
usdchf been ranging for some time , try to catch trades in a nice trend.

also if you use alerts there’s virtually no screen time..

alert goes off, check trend , set bracket..3 minute screen time
  • #32
  • Mar 4, 2024 10:32am Mar 4, 2024 10:32am
Ok sir thanks i'll try tomorrow. See you
  • #33
  • Mar 4, 2024 10:32am Mar 4, 2024 10:32am
This is the market your trading? This is why EAs are so bad imo.
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  • #34
  • Mar 4, 2024 11:18am Mar 4, 2024 11:18am
[quote=MachineLearn;14780337]C'est le marché sur lequel vous négociez ? C'est pourquoi les EA sont si mauvais à mon avis. {image}[/citation]
Yes Sir, on demo account . I need time and experience before real account
  • #35
  • Mar 5, 2024 5:04am Mar 5, 2024 5:04am
NZDUSD 1R

not a whole lot of pips but atleast the logic is there

could maybe even go for 2R
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  • #36
  • Mar 5, 2024 7:58am Mar 5, 2024 7:58am
Eurcad, Let's see how far he runs
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  • #37
  • Mar 5, 2024 8:00am Mar 5, 2024 8:00am
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So guys. How do you love making 10.000$ into 37.846$ in 3 months?

Jep - I made the robot and this is the test result. BUT - it is curve fitting. A special tool that MT4 have. Try with 100's of parameter values. Then you get a huge number of loosers and a high number of winners. Problem is, that if you use those settings on the robot afterwards IRL, then you will experiance, that the coming trading periode should have had other parameters and you WILL be losing money. This is what curve fitting is about.

And if I had picked the worsed result, then the account would have been lost rather fast.

My take on it is, that you have to use the strategy under certain circumstances. Like filtering out rangings. Or not trading in ranging times.
MetaTrader 4 - so many advantages.
  • #38
  • Mar 5, 2024 8:59am Mar 5, 2024 8:59am
Quoting RiskFighter
{image}So guys. How do you love making 10.000$ into 37.846$ in 3 months? Jep - I made the robot and this is the test result. BUT - it is curve fitting. A special tool that MT4 have. Try with 100's of parameter values. Then you get a huge number of loosers and a high number of winners. Problem is, that if you use those settings on the robot afterwards IRL, then you will experiance, that the coming trading periode should have had other parameters and you WILL be losing money. This is what curve fitting is about. And if I had picked the worsed result,...
Great work and appreciate your coding!

What do you think could be a formidable tool when it comes to identifying more ranging markets
  • #39
  • Mar 5, 2024 9:31am Mar 5, 2024 9:31am
Quoting MachineLearn
{quote} Great work and appreciate your coding! What do you think could be a formidable tool when it comes to identifying more ranging markets
If I had that tool, I would be rich. And so would everybody else. Nobody would have to work anymore. Hence there would be no food on earth and we would all die!

Problem is of cause that tools are lacking and we will not acknowledge the range before it is close to end. And the steepest trends follows the end of the ranging. We need to be ready for those.

Bollinger and ADX are the ranging indicators. And of cause all the oscillators, when they are undecisable in the middle of the range. Then there is the no trend.

I think the best tool for handling ranging markets is printing the top and bottom levels and be ready for the break out. I dont have an indicator for that, so it is manually observing the price action, which is my very weak side.

So for a strategy as the Magic5 I think it must be used on clearly trending pairs of the day. That's the way to do it. If you use a robot, then apply it manually to the trending pairs of the day and then go get lost in some gardening etc.
MetaTrader 4 - so many advantages.
  • #40
  • Mar 5, 2024 9:31am Mar 5, 2024 9:31am
Quoting ingo3344
Eurcad, Let's see how far he runs {image}
In the example, do you use only the body of the alert candle?
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