Market / MetaTrader 5 / Experts /

Magic EA MT5

200 USD

Demo downloaded: 281

Published: 12 February 2021

Current version: 1.8

Magic EA MT5

Experts
Kyra Nickaline Watson-gordon
Version: 1.8
Updated: 15 March 2024
Activations: 10

Magic EA is an Expert Advisor based on Scalping, Elliot Waves and with filters such as RSI, Stochastic and 3 other strategies managed and decided with the robot smartly. Large number of inputs and settings are tested and optimized and embedded in the program thus inputs are limited and very simple. Using EA doesn't need any professional information or Forex Trading Knowledge. EA can trade on all symbols and all time frames, using special and unique strategies developed by the author.

The EA works with low margin levels.

Using EA :

The EA is very simple and without complicated input parameters.

These are main parameters must be set :

General Options

Time Frame : Time frame for trading.

Trade Type : Long/Short/Both/No-Hedge

Stop Trading : if true, EA don't open a new position. Only manage already opened.

Minimum Distance to Open New Position : Distance to ignore new signals if older positions exist.

Maximum Spread to Open Position : Spread to stop trading

Magic Number : Any constant ID.

Show Panel On Chart : Shows report of positions on chart with the option of manual closing them.

Closing Positions

Take Profit : TakeProfit in Points

Action for in-Loss Positions : Averaging-Add,Averaging-Multiply, StopLoss, WaitforTP

Stop Loss : StopLoss in Points. Only act if the StopLoss option selected above.

Averaging Distance : Distance in Points to insert averaging position. Only acts if the Averaging option selected above.

Averaging Volume Multiplier : Volume multiplier if averaging selecting above.

Averaging Volume Add : Volume adding if averaging selecting above.

Averaging Maximum Volume Per Trade

Averaging Maximum Number of Trades

Volume Settings

Volume Calculation Method : Fixed, Dynamic Lots or Risk Percent based on Balance/Equity/Free Margin

Fixed Lots : Volume of trading

Lots Per 1000 : Volume per 1000 Balance/Equity/Free Margin

Risk Percentage

Maximum Volume Per Trade

Minimum Volume Per Trade

Trailing/Break Even

Trailing Stop Loss : Enable/Disable Trailing Stop

Trailing Start : Trailing Start Distance in Points.

Trailing Stop : Trailing Stop Loss Distance in Points.

Trailing Step : Distance to apply Trailing Stop Loss in Points.

Break Even : Enable/Disable Break Even

Activate Break Even After Loss : Distance to apply Break Even in Points

Day and Time Filters

There are options to stop trading on specific days and hours

News Filter Inputs

Block Trading During Low Impact News

Minutes Before/After Low Impact News

Block Trading During Medium Impact News

Minutes Before/After Medium Impact News

Block Trading During High Impact News

Minutes Before/After High Impact News

Notifications

Options to send notifications on mobile terminals or show pop up alerts or send Telegram messages. (How to Setup Telegram Notifications)

* All above default point inputs are for 5digit accounts. if your account is 4digit use 0.1x numbers.

Optimizing EA :

(important) Optimize EA for the last 6 month before using, and update optimization every 1-2 month.

There is no any parameter to optimize EA signal engine. The only parameters are user money management inputs.

Optimization of EA is so fast and easy. We recommend these Optimization inputs :

Load all Default Values
Test with Every Tick Based on Real Ticks
Time Frame Bounds : M5 to D1
Take Profit Bounds : 100 to 1000 step 100 (10 to 100 step 10 for 4digit accounts)
Averaging Distance Bounds : 500 to 8000 step 500 (50 to 800 step 50 for 4digit accounts)
Averaging Volume Multiplier Bounds : 1 to 5 step 0.5

It is strongly recommended to optimize EA based on the example demonstrated in the video.

Recommendations and Using Conditions :

EA Only works on Hedge Accounts (netting is not supported)
You can run EA on several charts and symbols. Try to use different Magic Number input for each chart.
If you attach EA to multiple charts, decrease volumes to reduce your risk.

We are ready to help you for using the EA, Please don't hesitate to contact us.
Visit our other useful utilities, Indicators and experts here.

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Loss Recovery 1 is an Expert Advisor for recovering losses of positions that were opened in the wrong direction (that were opened by another EA or manually). This EA recovers your loss and closes your position without using dangerous martingale/Averaging methods. This EA places some positions in opposite directions and some positions in direction of wrong position and manages these positions with mathematical methods until recovering total loss of the position. Using EA : EA Action: Sin

190 USD

Channels Indicator is an All-In-One Indicator with a powerful calculation engine. The Indicator contains 4 different and usual methods for finding channels on the market. Indicator is powered by a visual interface and with various selections of alerts and notifications. Testing Indicator : Strategy Tester does not respond to your clicks on panels (This is metatrader tester limitation). Thus input your desired settings on the indicator pre-settings and test. Using Indicator : Display

60 USD

Smart Copy is an Easy-to-Use EA that supports Multi Copying Metatrader4 and Metatrader5 and Local/Remote Copying. (Remote Version is coming soon) Free version is available on Smart Copy Local Free MT5 Specifications : Real Time, Multi Terminal - Multi Account - MT4/MT5 trade copying Copy from netting to hedge and hedge to netting is supported. Fast and instant copy All settings are input visually. Easy modifying symbol names, prefix, suffix Enable/Disable

50 USD

Definition : A Market Profile is an intra-day charting technique (price vertical, time/activity horizontal). Market Profile is best understood as a way to see order in the markets. Market Profile was a way for traders to get a better understanding of what was going on, without having to be on the trading floor. The current indicator is developed based on Easy-to-Use architecture including a wide range of visual settings. Major Features of Indicator : Various Views of Market Profile The indica

60 USD

Note : Limited version can trade with the volume less than 0.05 lots. Important : This is Arbitrage EA and may not work on all accounts. It is recommended to follow the testing process described on product screenshots. If you are not familiar with arbitrage trading, It is recommended to use our other trading robots . Strategy : EA will place trades based on Triangular Arbitrage strategy. Triangular arbitrage (also referred to as cross currency arbitrage or three-point arbitrage) is t

30 USD

Important : This is Arbitrage EA and may not work on all accounts. It is recommended to follow the testing process described on product screenshots. If you are not familiar with arbitrage trading, It is recommended to use our other trading robots . Strategy : EA will place trades based on Triangular Arbitrage strategy. Triangular arbitrage (also referred to as cross currency arbitrage or three-point arbitrage) is the act of exploiting an arbitrage opportunity resulting from a pricing

990 USD

190 USD

Description : VWAP (Volume-Weighted Average Price) is the ratio of the value traded to total volume traded over a particular time horizon. It is a measure of the average price at which pair is traded over the trading horizon. Read More. All Symbols and All Timeframes are supported. Indicator Inputs : VWAP Mode : Mode of VWAP Calculation. Options can be selected : Single,Session,Daily,Weekly,Monthly Volumes : Real Volumes,Tick Volumes Price Type : Used price for ca

50 USD

Definition : VPO is a Volume Price Opportunity. Instead of using bars or candles with an Open, High, Low, and Close price, each "bar" in a Market Profile is represented by horizontal bars against the price It is called Market Profile terminology. In other words volume-price-opportunity (VPO) profiles are histograms of how many volumes were traded at each price within the span of the profile. By using a VPO chart, you are able to analyze the amount of trading activity, based on volume, for eac

60 USD

A utility to close all orders with one simple click at once. Various options are available to filter or select orders : Type of orders : Buy / Sell / Buy Limit / Sell Limit / Buy Stop / Sell Stop Symbol Selection : All / Chart Symbol / Custom Symbols. You can enter custom symbols separated by comma. (for example you can enter EURUSD,GBPUSD,AUDJPY) Order Open Type : Manual Opened / Opened by EA Magic Number : You can enter more than one magic number separated by comma. (for example you can ente

30 USD

OneClick Online Account Manager is a powerful utility that helps you to manage all your accounts from a centralized panel. It is suitable for all single account traders and specially for multiple accounts traders. The utility help you to : Monitor status of all accounts on a private web page. Some information such as account connection status, account profit, DD, Balance, Equity, Margin Level, Number of positions and orders, Daily and Weekly profit/loss and also overall summation of all these

180 USD

First Scalper is an Expert Advisor based on Scalping, Using the best and safest scalping EA on market. Large number of inputs and settings are tested and optimized and embedded in the program thus inputs are limited and very simple. Using EA doesn't need any professional information or Forex Trading Knowledge. First Scalper can trade on all symbols and all time frames, using a special and unique strategy developed by the author. Using EA : General Options Trade Type : Long/Short/Both St

200 USD

90 USD

Smart Copy is an Easy-to-Use EA that supports Multi Copying Metatrader4 and Metatrader5 and Local/Remote Copying. (Remote Version is coming soon) Free version is available on Smart Copy Local Free MT4 Specifications : Real Time, Multi Terminal - Multi Account - MT4/MT5 trade copying Copy from netting to hedge and hedge to netting is supported. Fast and instant copy All settings are input visually. Easy modifying symbol names, prefix, suffix Enable/Disable co

50 USD

Fundamental Scanner is a Non-Repaint, Multi Symbol and Multi Time Frame Dashboard based on Fundamental Signals Indicator . Fundamental Signals Indicator has a powerful calculation engine that can predict market movement over 3000 pips (30000 points). The indicator is named fundamental because it can predict trends with large movements, no complicated inputs and low risk. Features : Multi-Symbol Support (Support automatic listing of market watch symbols) Multi-TimeFrame Support (Over 7

110 USD

Loss Recovery 3 is an Expert Advisor for recovering losses of positions that were opened in the wrong direction (that were opened by another EA or manually). This EA recovers your loss and closes your position on Break Even or with determined profit. Trading Strategy: Loss Recover3 EA try to Recover Wrong Positions, by using Averaging method. There are various features on the EA to control risk of the strategy. Using EA : The EA is very simple and without complicated input para

60 USD

Customized Copy is a Multi-Terminal visual trade copying utility that supports Metatrader4 and Metatrader5 for Trade Copying. You can activate EA on 10 different PCs/VPS. On each PC/VPS can install on Unlimited Terminals. Specifications : Real Time, Multi Terminal - Multi Account - MT4/MT5 trade copying (support over 50 accounts at same time) All settings are input visually. Visual display and modify of copy map and network Each copy path can be used with different setti

100 USD

Note : Free version can be used for trading on Demo Accounts. Important : This is Arbitrage EA and may not work on all accounts. It is recommended to follow the testing process described on product screenshots. Strategy : EA will place trades based on Triangular Arbitrage strategy. Triangular arbitrage (also referred to as cross currency arbitrage or three-point arbitrage) is the act of exploiting an arbitrage opportunity resulting from a pricing discrepancy among three different cu

FREE

Definition : TPO is a Time Price Opportunity. Instead of using bars or candles with an Open, High, Low, and Close price, each "bar" in a Market Profile is represented by horizontal bars against the price It is called Market Profile terminology. In other words time-price-opportunity (TPO) profiles are histograms of how much time was spent at each price within the span of the profile. By using a TPO chart, you are able to analyze the amount of trading activity, based on time, for each price lev

60 USD

A utility to close all orders automatically when conditions meet. Various options are available to filter or select orders : Conditions : Closing conditions. 3 different conditions can be defined. EA will close orders anytime one or more defined conditions meet. Conditions can be defined based on account properties or selected orders properties. Also a fixed time to close orders is available. Type of orders : Buy / Sell / Buy Limit / Sell Limit / Buy Stop / Sell Stop Symbol Selection : All /

50 USD

Definition : Market View is a dashboard (scanner) to view price graphs of all symbols and all timeframes at a glance. The utility is designed user friendly and added a wide range of customization options. Main features of Market View : Visual settings window on the chart Customizable list of symbols and timeframes Different shapes : Real Candles, Schematic Candles, Arrows Customizable number of candles Changeable size of dashboard (scanner) Highlight timeframes with gaps on candles Open appr

50 USD

200 USD

Definition : Risk Monitor is an expert for Analyzing, monitoring, controlling account risks. Strategy : Analyze Each Currency Volume and Direction on Account and Sort Them Find and Suggest Best Three Symbols in Opposite Direction (Hedging Positions) for Controlling Risk. Analyze User-Defined Position and preview effect before placing /Closing Features of EA : Graphical Interface Show Risk Graph for each currency Smart Analyze and suggest best hedging positi

30 USD

Smart Copy is an Easy-to-Use EA that supports Multi Copying Metatrader4 and Metatrader5 and Local/Remote Copying. (Remote Version is coming soon) This is Free Version and can be used on Demo accounts only. Use the Full Version for real trading. Specifications : Real Time, Multi Terminal - Multi Account - MT4/MT5 trade copying Copy from netting to hedge and hedge to netting is supported. Fast and instant copy All settings are input visually. Easy modifying symbol

FREE

Note: MT4 Backtest cannot test EAs that trades with several symbols simultaneously. For backtest use MT5 versions download here . Note : Free version can be used for trading on Demo Accounts. Important : This is Arbitrage EA and may not work on all accounts. It is recommended to follow the testing process described on product screenshots. Strategy : EA will place trades based on Triangular Arbitrage strategy. Triangular arbitrage (also referred to as cross currency arbitrage or three-

FREE

60 USD

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Version 1.8 2024.03.15

News resource changed to MQL5.com Calendar.

Version 1.7 2023.01.28

Minor updates on signal engine and trading engine.

Version 1.6 2022.02.24

Rebuilt to fix MT5 compiler Access violation error.

Version 1.5 2022.02.18

Update due to change of news address from http to https
Change the address of webrequest on terminal settings to https://ec.forexprostools.com/

Version 1.4 2022.02.06

Just recompiled by previous release version of MT5 based on issues on the current beta version.

Version 1.3 2022.02.05

Added compatibility with FIFO Rules + Some other minor updates.

Version 1.2 2021.10.04

Optimized Speed of Strategy Tester

Version 1.1 2021.08.11

Updates to make it compatible with the new build of MT5 terminal.