Magic 100 | Page 130 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Magic numbers question 12 replies

Ever seen this magic number bug? 4 replies

magic is back! 11 replies

Magic Numbers for Mutiple EA 9 replies

Attachments: Magic 100
Exit Attachments

Magic 100

  • #2,581
  • Feb 29, 2024 8:58pm Feb 29, 2024 8:58pm
Quoting MachineLearn
Nice trade on NU earlier {image}
Nice idea. Clearly need some filtering. I would suggest ADX. The + and - signals are quick and reliable. Forget the master signal.

But this is the Magic100 forum and we cannot discuss that here. I will look into your idea and if I find it useable I will PM you. I can make a robot in a few minutes.
MetaTrader 4 - so many advantages.
  • #2,582
  • Feb 29, 2024 11:35pm Feb 29, 2024 11:35pm
Quoting RiskFighter
{quote} Nice idea. Clearly need some filtering. I would suggest ADX. The + and - signals are quick and reliable. Forget the master signal. But this is the Magic100 forum and we cannot discuss that here. I will look into your idea and if I find it useable I will PM you. I can make a robot in a few minutes.
You’re right. Let’s not clutter this thread. I will start a new thread for the 5EMA system specifically and will await your robot
  • #2,583
  • Mar 1, 2024 12:28am Mar 1, 2024 12:28am
Quoting MachineLearn
{quote} You’re right. Let’s not clutter this thread. I will start a new thread for the 5EMA system specifically and will await your robot
I said I will look into it. I need to think that it is worth the effort. :-) I will play a little with it in this weekend.
MetaTrader 4 - so many advantages.
  • #2,584
  • Mar 5, 2024 9:45pm Mar 5, 2024 9:45pm
This is A+ logic for timing good entries with magic 100..

BOS, Pullback bar, Stiffness confirmation

currently long only
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 40 KB
  • #2,585
  • Mar 7, 2024 3:04am Mar 7, 2024 3:04am
Is there anyone profitable with this system?
  • #2,586
  • Mar 8, 2024 6:39am Mar 8, 2024 6:39am
Quoting Merka
Is there anyone profitable with this system?
yes, but make sure you follow the original strategy by the Minotawr using 1:3 Risk reward on hourly chart when the market is trending, i think he died from Covid few years back(god bless his soul) . The other posters here are adding filters to his simple strat by adding indicators or some market structure nonsense, none of these people are profitable that's why they keep changing and hopping to different strats, so it is best to ignore them.
  • #2,587
  • Mar 8, 2024 6:46am Mar 8, 2024 6:46am
Quoting NateBeruk
{quote} yes, but make sure you follow the original strategy by the Minotawr using 1:3 Risk reward on hourly chart when the market is trending, i think he died from Covid few years back(god bless his soul) . The other posters here are adding filters to his simple strat by adding indicators or some market structure nonsense, none of these people are profitable that's why they keep changing and hopping to different strats, so it is best to ignore them.
Aren't you getting lot of losses when the trend is ended but the MA still saying uptrend for example?
Did you find a solution to that issue?
Usually they say MA are lagging indicator.
Let me know your opinion.
Thanks
  • #2,588
  • Mar 8, 2024 6:47am Mar 8, 2024 6:47am
Quoting Merka
Is there anyone profitable with this system?

Yes, very much so. Retail traders and hedge funds, too.

You just need to read the last 3 pages, from this post to the end (and ignore completely the post of "NateBerok" just above this one: he is totally wrong!)


Quoting Merka
Usually they say MA are lagging indicator.
They do, rightly. In this type of system, it's not being used to time the entries, just for directional bias.
  • #2,589
  • Mar 8, 2024 6:53am Mar 8, 2024 6:53am
Quoting Quickly
{quote} Yes, very much so. Retail traders and hedge funds, too. You just need to read the last 3 pages, from this post to the end (and ignore completely the post of "NateBerok" just above this one: he is totally wrong!) {quote} They do, rightly. In this type of system, it's not being used to time the entries, just for directional bias.
How do you know hedge fund are using this strategy lol what a joke
  • #2,590
  • Mar 8, 2024 6:59am Mar 8, 2024 6:59am
Quoting Merka
{quote} Did you find a solution to that issue? Thanks
there is no solution you can't avoid getting series of losses in trading, that's why these other posters are tweaking the system
  • #2,591
  • Mar 8, 2024 8:10am Mar 8, 2024 8:10am
If you rely solely on MA to determine optimal entry conditions you will not be profitable…

the core concept is great though, and I think that’s why so many traders are drawn to it.
  • #2,592
  • Mar 8, 2024 8:12am Mar 8, 2024 8:12am
Quoting MachineLearn
If you rely solely on MA to determine optimal entry conditions you will not be profitable… the core concept is great though, and I think that’s why so many traders are drawn to it.
uh huh, so you're saying Minotawr wasn't profitable
  • #2,593
  • Mar 8, 2024 8:17am Mar 8, 2024 8:17am
Quoting NateBeruk
{quote} uh huh, so you're saying Minotawr wasn't profitable
don’t know and can’t say I care
  • #2,594
  • Mar 8, 2024 8:28am Mar 8, 2024 8:28am
Quoting Quickly
{quote} Yes, very much so. Retail traders and hedge funds, too. You just need to read the last 3 pages, from this post to the end (and ignore completely the post of "NateBerok" just above this one: he is totally wrong!) {quote} They do, rightly. In this type of system, it's not being used to time the entries, just for directional bias.
Hi quickly, I must say that you were right about the risk to reward. Thanks for your contributions in thread.
I just wanted to ask, what is the average win-rate with 1:1? My backtest show something around 60-65%. I wanted to get an correct mindset about the strategy.
Thanks
Trend following
  • #2,595
  • Mar 8, 2024 8:43am Mar 8, 2024 8:43am
Quoting Merka
Is there anyone profitable with this system?
Presently back testing it on demo. Apparently, it holds some promise.
Truth is constant
  • #2,596
  • Mar 19, 2024 12:56am Mar 19, 2024 12:56am
short
nzdcad testing
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 17 KB
  • #2,597
  • Mar 19, 2024 2:14am Mar 19, 2024 2:14am
It would have been possible to get started earlier
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2024-03-19 081239.png Size: 4 KB
  • #2,598
  • Mar 19, 2024 3:41am Mar 19, 2024 3:41am
Quoting RiskFighter
{quote} Nice idea. Clearly need some filtering. I would suggest ADX. The + and - signals are quick and reliable. Forget the master signal. But this is the Magic100 forum and we cannot discuss that here. I will look into your idea and if I find it useable I will PM you. I can make a robot in a few minutes.
put in MACD, and upload one for us here
  • #2,599
  • Mar 19, 2024 5:45pm Mar 19, 2024 5:45pm
Long Nzdjpy
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 19 KB
  • #2,600
  • Mar 20, 2024 1:35pm Mar 20, 2024 1:35pm
EURCHF H1, two trades, one closed with 1:1 R, the other still running.
Attached Image (click to enlarge)
Click to Enlarge Name: EURCHF H1 03.20.jpg Size: 296 KB
0 traders viewing now