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Magic 100

  • #2,741
  • Mar 6, 2025 3:12am Mar 6, 2025 3:12am
Quoting frankyol
Improved version of EA: T4W_Magic100_ea 24.007 For scalping you can use Range bars chart + tick indicator for momentum (both are included). {image} {file} {file} {file} {file}
Hello frankyol-thank you for the ea...maybe you can add the magic number feature for the T4W ea, so one could run it on different pairs the same time?
The close all trades feature would also affect only the current pair the ea is trading on...
whatever happens next....
  • #2,742
  • Mar 6, 2025 3:01pm Mar 6, 2025 3:01pm
Hi Holgi, I already have an impoved version of EA for MT4 & MT5 (for better backtesting), but currently I'm away from PC. I will post a new version, when I come back (at end of March). Franky

Quoting holgi19
{quote} Hello frankyol-thank you for the ea...maybe you can add the magic number feature for the T4W ea, so one could run it on different pairs the same time? The close all trades feature would also affect only the current pair the ea is trading on...
  • #2,743
  • Edited 9:00am Mar 9, 2025 8:39am | Edited 9:00am
Quoting frankyol
Improved version of EA: T4W_Magic100_ea 24.007 For scalping you can use Range bars chart + tick indicator for momentum (both are included). {image} {file} {file} {file} {file}
Bro any specific set for us30 i mean barrangepips value for
Range bars chart , the chart looks good on forex pairs as the default value is 1 and i hope it's right if not could you give me values cash, crytpo and forex pairs, if you could give an insight on this it would be really nice
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  • #2,744
  • Mar 26, 2025 3:21pm Mar 26, 2025 3:21pm
In memory of the Minotaur!
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  • #2,745
  • Apr 20, 2025 8:27am Apr 20, 2025 8:27am
Quoting James154
I just found that having a negative R:R and a really high win rate so good for my psychology.
What's a negative R:R?

Aren't they all positive, by definition? If you stop-loss is wider than your target, then for sure the R:R will be less than 1.0, by definition, but it can't ever actually be negative?

A really high win-rate is always a good thing, for me.

It's weird how in forums, lots of people recommend a high R:R and some even say they never trade with an R under 2.0, and they even advise others to do the same(!!), while on institutional trading-floors, the professionals earning 7-figure salaries are typically doing what you do, and using a stop-loss wider than their target.
  • #2,746
  • May 8, 2025 10:27pm May 8, 2025 10:27pm
Quoting frankyol
Hi Holgi, I already have an improved version of EA for MT4 & MT5 (for better backtesting), but currently I'm away from PC. I will post a new version, when I come back (at end of March). {quote}
Hello frankyol, could we get an update please?
  • #2,747
  • May 10, 2025 4:09am May 10, 2025 4:09am
had some free time with Gemini.
feel free to edit as you prefer.
Attached File(s)
File Type: mq5 Mega100.mq5   44 KB | 251 downloads
Every Trading System works, until it doesn't.
  • #2,748
  • May 11, 2025 10:47am May 11, 2025 10:47am
Good to see there are people still trading this system, after some years.

Not surprising, but good.

Are there people here using the same system but with a different MA or even two - rather than specifically the 100?
  • #2,749
  • May 11, 2025 10:54pm May 11, 2025 10:54pm
Quoting Just.Trading
Good to see there are people still trading this system, after some years. Not surprising, but good. Are there people here using the same system but with a different MA or even two - rather than specifically the 100?
then it wouldn't be the same strategy .
  • #2,750
  • Edited 12:06pm May 12, 2025 9:48am | Edited 12:06pm
Quoting Just.Trading
Are there people here using the same system but with a different MA or even two - rather than specifically the 100?

In a word, yes.

Not sure about "here" but I’ve seen many slight variants of this being successfully traded by pro- and semi-pro traders (some of them forum FORMER institutional traders).

Some older textbooks (1960s/1970s/1980s) teach this system with two MAs instead of the 100 one suggested here. I’ve seen an EMA-60/EMA-120 combination, EMA-75/EMA-150, and EMA-75/EMA-125 recommended. Also a faster version with SMA-35 and SMA-85.

They’re all the same thing, really. As "Minotawr" himself rightly commented much earlier in the thread, there’s nothing really magic about the 100: it’s just one variation.

As you’ve doubtless realised, it’s one of the very, very few long-term-reliable systems listed here, which backtests and forward-tests well and reliably, and has withstood the test of time over various different market conditions.

The people I know now, who are successfully trading this and/or very similar variants of it, are futures traders - but that (just like the MA details) doesn’t make any difference to its viability and sound principles.
  • #2,751
  • May 12, 2025 11:51am May 12, 2025 11:51am
Quoting KarlKraus
(some of them forum institutional traders)

Are there forums where institutional traders discuss their work? Not bound by confidentiality and non-disclosure stuff?

(I'm guessing only "expensive, paid, private forums?).

Sorry, I'm new and apparently can't yet click on the thumbs-up/like/thanks toy for the above or your other obviously well-informed posts!
  • #2,752
  • May 12, 2025 12:11pm May 12, 2025 12:11pm
Quoting Higher.High
{quote} Are there forums where institutional traders discuss their work? Not bound by confidentiality and non-disclosure stuff?

No, no - sorry! That was a typo or autocorrect glitch! I meant to say "former institutional traders". Thanks for querying it: I've now edited my post above.

And welcome to Forex Factory! Don't worry about thanking posts. Here's a thumbs up for you, anyway (if I've picked out the right symbol, never a certainty, my eyesight's not what it was 40 years ago).
  • #2,753
  • May 20, 2025 9:05pm May 20, 2025 9:05pm
long gbpcad
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  • #2,754
  • May 21, 2025 4:23am May 21, 2025 4:23am
Quoting frankyol
Hi Holgi, I already have an impoved version of EA for MT4 & MT5 (for better backtesting), but currently I'm away from PC. I will post a new version, when I come back (at end of March). Franky {quote}
Hi Frankyol,
Can you share the latest beta version.
Thanks.
  • #2,755
  • May 28, 2025 6:30am May 28, 2025 6:30am
Gentlemen, good morning. What are the most relevant pages for this strategy?
  • #2,756
  • May 28, 2025 8:00pm May 28, 2025 8:00pm
eurusd look good for short
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  • #2,757
  • May 31, 2025 3:32pm May 31, 2025 3:32pm
Quoting KarlKraus
{quote} In a word, yes. Not sure about "here" but I’ve seen many slight variants of this being successfully traded by pro- and semi-pro traders (some of them forum FORMER institutional traders). Some older textbooks (1960s/1970s/1980s) teach this system with two MAs instead of the 100 one suggested here. I’ve seen an EMA-60/EMA-120 combination, EMA-75/EMA-150, and EMA-75/EMA-125 recommended. Also a faster version with SMA-35 and SMA-85. They’re all the same thing, really. As "Minotawr" himself rightly commented much earlier in the thread, there’s...
Can u explain possible variation of this method? Variants? For example can I look for engulfing candles following the ema 100 rule?
  • #2,758
  • Jun 14, 2025 3:09pm Jun 14, 2025 3:09pm
Quoting MachineLearn
Looks good to enter soon here {image}
Hello! What's the name of the EMA strength indicator? Looks very cool
  • #2,759
  • Aug 12, 2025 10:57am Aug 12, 2025 10:57am
Hi - I found a link and recommendation to this thread on another site.

I know the thread-starter isn’t still here, sadly.

I was wondering: are the people trading this system still using it with a 1:3 risk/reward as recommended on the first page, or some different kind of risk management (and what)?

Thank you in advance for responses!

Scherri
  • #2,760
  • Aug 13, 2025 5:09am Aug 13, 2025 5:09am
Quoting Scheherazade
Hi - I found a link and recommendation to this thread on another site. I know the thread-starter isn’t still here, sadly. I was wondering: are the people trading this system still using it with a 1:3 risk/reward as recommended on the first page, or some different kind of risk management (and what)? Thank you in advance for responses! Scherri
Hey!
I just came upon this today, been looking for strategies for a while now lol.
Thought I'd give this a try on the D1 timeframe, makes it much easier to find trade opportunities. I actually have a short active on USDCAD right now.

I'm trading the OG system as explained in the first post, with a 1:2 RR.
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