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Magic 100

  • #2,621
  • Apr 3, 2024 3:15am Apr 3, 2024 3:15am
short au
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Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #2,622
  • Apr 3, 2024 3:18am Apr 3, 2024 3:18am
nzdcad has a set up
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Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #2,623
  • Apr 3, 2024 3:20am Apr 3, 2024 3:20am
gbpchf
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Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
  • #2,624
  • Apr 4, 2024 2:53am Apr 4, 2024 2:53am
Quoting pusztafie
CHFJPY H4, i didn't have the patience to wait for it to reach 1:3, risking losing the gains I had made so far, so I closed manually. {image}

pusztafie, how is this indicator calculated? Could you send it to me or is it paid?
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  • #2,625
  • Apr 4, 2024 9:20am Apr 4, 2024 9:20am
[quote=romulorios;14818499]{quote} pusztafie, hogyan számítják ki ezt a mutatót? El tudnád küldeni vagy fizetős? {image}[/idézet]
.
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  • #2,626
  • Apr 4, 2024 12:06pm Apr 4, 2024 12:06pm
.EURAUD H1, 1:1,4
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  • #2,627
  • Apr 8, 2024 2:44pm Apr 8, 2024 2:44pm
Quoting mehantrader
{quote} 1:3 is very risky and kinda crazy, I think what you did was very correct. Anyway, I prefer simple 1:1.
I would disagree. As I get a feel for this strat I have found a RR of 1:5 for small candles to be readily attainable, medium candles 1:3 and large candles are often worth avoiding entirely. There is nothing worse than getting sucked into the market on a big candle and it going all the way to SL. Not as much of an issue with medium candles, less so with small.

1:1 often leaves so much on the table but each to their own.
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  • #2,628
  • Apr 12, 2024 12:32pm Apr 12, 2024 12:32pm
I felt this strat out for a few weeks. Its too simple to work for anyone in the short term who doesnt have a feel for trends. I will say something that might spur someone to further develop a strat around the magic 100 idea. Add Bollinger bands/KC and reverse the rules if the candles move outside the bands. Add a 50ema and only revert to the original rules once price touches the 50.
  • #2,629
  • Apr 17, 2024 7:21am Apr 17, 2024 7:21am
Long Usdjpy
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  • #2,630
  • Apr 18, 2024 11:53am Apr 18, 2024 11:53am
short Nzdusd
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  • #2,631
  • Apr 22, 2024 7:56pm Apr 22, 2024 7:56pm
[quote=pusztafie;14819048]
Quoting romulorios
{quote} pusztafie, hogyan számítják ki ezt a mutatót? El tudnád küldeni vagy fizetős? {image}[/idézet] . {file}
hello! Do you know how this indicator is calculated?
  • #2,632
  • Edited 5:08am Apr 23, 2024 4:53am | Edited 5:08am
[quote=romulorios;14840292]
Quoting pusztafie
{quote} sziasztok! Tudod, hogyan számítják ki ezt a mutatót?
I don't know how to calculate it. I sent the indicator in post 2625.
  • #2,633
  • May 28, 2024 6:02am May 28, 2024 6:02am
Is it worth trading this in the lower TFs, or is the 1H just more reliable?
  • #2,634
  • Jun 3, 2024 4:42am Jun 3, 2024 4:42am
I've been looking at this site and found it quite interesting,
I can't find any pending order indicators on the site
So the question I have is how do you place your orders,
thank you for your time.
  • #2,635
  • Jun 3, 2024 7:42am Jun 3, 2024 7:42am
Quoting redfan
Nézegettem ezt az oldalt, és nagyon érdekesnek találtam, nem találok függőben lévő rendelésjelzőket az oldalon. Tehát a kérdésem az lenne, hogyan adja le a rendeléseit, köszönöm idő.
Without any kind of indicator, traditionally. E.g. in the picture: sell stop at the bottom of the rising candle, stop at the top. If the next hourly candle is bullish, I simply move the sell stop order up to the bottom of the next candle. Of course, you have to look at the chart every hour.
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  • #2,636
  • Jun 3, 2024 8:19am Jun 3, 2024 8:19am
I've never used a sell stop before, does it become live when it is hit
by the candle or the price?
thank you for your time.
  • #2,637
  • Jun 3, 2024 8:49am Jun 3, 2024 8:49am
Quoting redfan
Soha nem használtam még eladási stopot, akkor éles lesz, ha megüti a gyertya vagy az ár? köszönöm az idejét.
Yes!
  • #2,638
  • Jun 4, 2024 9:50am Jun 4, 2024 9:50am
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Only found this site two days ago and this morning was my first attempt to see if I understood how to put a trade-on, well these results tell me I know what I'm doing
All I need now is a good pending order indicator or EA with built-in stop losses and take profit,
If anyone can point me in the right direction to find an indicator OR EA I will be very grateful,
I can remember using one a couple of years ago that had two lines one for stop loss and one for Putting a trade on..
thank you for your time.
  • #2,639
  • Jun 11, 2024 2:19pm Jun 11, 2024 2:19pm
Quoting redfan
{image} Only found this site two days ago and this morning was my first attempt to see if I understood how to put a trade-on, well these results tell me I know what I'm doing All I need now is a good pending order indicator or EA with built-in stop losses and take profit, If anyone can point me in the right direction to find an indicator OR EA I will be very grateful, I can remember using one a couple of years ago that had two lines one for stop loss and one for Putting a trade on.. thank you for your time.
Which method do you use?
  • #2,640
  • Jun 11, 2024 3:01pm Jun 11, 2024 3:01pm
It's the magic 100 I've just gone over all the rules that the original person made up which nobody seems to be sticking to so I've started using MY journal
The journal is called
TRADING CORRELATION PAIR BY USING THE OTHER PAIRS
I put quite a lot of charts on there showing you where to get in and what the rules are I've made up I NEW set of Rules if you want to have a look it's post 753
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