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Magic 100

  • #2,641
  • Jun 11, 2024 6:59pm Jun 11, 2024 6:59pm
Even till now this strategy still slays... especially for newbies
You can lead a horse to water, but you can't make it drink
  • #2,642
  • Jun 12, 2024 1:29pm Jun 12, 2024 1:29pm
It's a great little strategy.

I know some people have said about taking profits at 1:1

I quite like to move my stop to break even at 1:1 and let the market decide if it's going to be a big day or not.

I've been taken out at BE quite a few times, which yes it's frustrating. But I've had days where it's run 4 or 5 R. Which on a 100k funded account is pretty lucrative stuff after a while.

Thanks Minotawr for this strategy. May you R.I.P if what I have read is true.
  • #2,643
  • Jun 13, 2024 5:05am Jun 13, 2024 5:05am
Attached Image (click to enlarge)
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This is looking good
  • #2,644
  • Jun 13, 2024 5:11am Jun 13, 2024 5:11am
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ALREADY MOVED THE SL
  • #2,645
  • Jun 13, 2024 6:46am Jun 13, 2024 6:46am
Working for now
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 54 KB
  • #2,646
  • Jun 13, 2024 6:49am Jun 13, 2024 6:49am
I hope this work
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  • #2,647
  • Jun 13, 2024 6:50am Jun 13, 2024 6:50am
this one looks good
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  • #2,648
  • Jun 13, 2024 6:51am Jun 13, 2024 6:51am
I'm not confident in this one
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  • #2,649
  • Jun 13, 2024 7:24am Jun 13, 2024 7:24am
Quoting xronald96
I'm not confident in this one {image}
Yes EMA looks flat.. not showing the clear direction.

I've just started testing this strategy so far looks fine. How was your experience in this? and the symbol changer indicator looks great, is't for mt4 or mt5? can you share this indi with template if possible?
  • #2,650
  • Jun 13, 2024 7:32am Jun 13, 2024 7:32am
Quoting killurego
{quote} Yes EMA looks flat.. not showing the clear direction. I've just started testing this strategy so far looks fine. How was your experience in this? and the symbol changer indicator looks great, is't for mt4 or mt5? can you share this indi with template if possible?
you need to test during ranging markets because its there you will see the weakness of this idea.
suggest to have a strong money management to resist during difficult times.
  • #2,651
  • Jun 13, 2024 7:49am Jun 13, 2024 7:49am
Quoting xronald96
Working for now {image}
SL hit
  • #2,652
  • Jun 13, 2024 7:53am Jun 13, 2024 7:53am
Quoting killurego
{quote} Yes EMA looks flat.. not showing the clear direction. I've just started testing this strategy so far looks fine. How was your experience in this? and the symbol changer indicator looks great, is't for mt4 or mt5? can you share this indi with template if possible?

EMA looks like that but the structure look like a down trend. I just did backtesting and for me worked fine.
Attached File(s)
File Type: tpl Magic100.tpl   33 KB | 179 downloads
  • #2,653
  • Jun 13, 2024 8:01am Jun 13, 2024 8:01am
Quoting xronald96
{quote} EMA looks like that but the structure look like a down trend. I just did backtesting and for me worked fine. {file}
Well then... and thank you for the template. Can you share the symbol changer indicator file? symbol changer is showing in template file and not working - I need to include the indicator in indicators folder.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 112 KB
  • #2,654
  • Jun 13, 2024 9:40am Jun 13, 2024 9:40am
Quoting xronald96
this one looks good {image}
TP 1:3 RR hit
  • #2,655
  • Jun 13, 2024 9:46am Jun 13, 2024 9:46am
Quoting xronald96
{quote} TP 1:3 RR hit
this one
Attached File(s)
File Type: ex4 Symbol_Changer_PLUS (1).ex4   178 KB | 173 downloads
  • #2,656
  • Jun 13, 2024 10:22am Jun 13, 2024 10:22am
Quoting xronald96
{quote} this one {file}
Thank you. I donno why, I am not able to jump from once script to another on click. Its working only on certain script and not another.. anyway..
Now I am using this "symbol changer indicator" works smooth.

Attached Image (click to enlarge)
Click to Enlarge Name: screenshot.png Size: 20 KB

My symbol changer indicator as attachment.
Attached File(s)
File Type: ex4 Symbol changer profit display v3.ex4   33 KB | 267 downloads
  • #2,657
  • Jun 13, 2024 11:16am Jun 13, 2024 11:16am
Try and be a bit more selective I would suggest.

I caught a nice move on EUR/AUD today.
  • #2,658
  • Jun 13, 2024 11:19am Jun 13, 2024 11:19am
Quoting Merka
{quote} you need to test during ranging markets because its there you will see the weakness of this idea. suggest to have a strong money management to resist during difficult times.
So don't use the strategy in ranging. Find the steep trends. Only take a trade if the trend is steep. They are allways hit by 2 or more bounces and when you expect a bounce, then use this strategy to identify when to get in to the trade.
Another bonus by trading steep trends is, that you can use bigger RRW, because the trend is likely to continue after the bounce.
MetaTrader 4 - so many advantages.
  • #2,659
  • Jun 13, 2024 11:38am Jun 13, 2024 11:38am
Quoting James154
I know some people have said about taking profits at 1:1 I quite like to move my stop to break even at 1:1 and let the market decide if it's going to be a big day or not.

Yes, you may find some big profits, at times, that way. You might even do very well, over the long run.

But overall, your equity-curve is inevitably going to be FAR less smooth, that way, and many people really find that hard to handle in both obvious and not-so-obvious ways.
  • #2,660
  • Jun 13, 2024 12:15pm Jun 13, 2024 12:15pm
Quoting RiskFighter
{quote} So don't use the strategy in ranging. Find the steep trends
English is not my native language and I don't want to be rude, so guys please understand me right: if some can "see a trend" and "be sure" it's a pullback (not a change of the direction), then he doesn't need any so called "system" - he just enter "in the direction of the trend". But show me a trader that can say "THIS is the trend and it begins|continues, I'm SURE".

But if we have to add the words "you need the trend" or "it works only in a trend" or #youneedacommonsense (sorry) in the system rules then it equals "sometimes it works but we don't know when to use".
Just an opinion. Based on research
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