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Magic EA MT4

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 don'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 and thus has low risk.

Free Version is available.


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


* 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.



Activating News Filter :

  • Enable "Allow Webrequest" on Tools/Options/Expert Advisors and add http://ec.forexprostools.com/ to the list.
  • News Filter will not work in tester because of MQL limitations.



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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The Wealthy Code
The Wealthy Code
Nguyen Hang Hai Ha
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Firestarter
Firestarter
Stanislav Tomilov
Price: $350 8 of 10 copies left at this price Next price $350 Live signals: https://www.mql5.com/en/signals/958699 RECOMMENDED BROKER #1   RECOMMENDED BROKER #2   Telegram channel:  https://t.me/aura_gold_ea Firestarter is an advanced, fully automated Expert developed to trade with EURUSD and EURJPY. The Expert Advisor is based on the same logic as the Euromaster , but uses a different trading time, timeframe and set of indicators to enter the market. Firestarter uses unique artificial intellig
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Matrix EA
Matrix EA
Nguyen Van Tuyen
>>>>>>>>>>>>>>>>>>>>  PRICE $360 (ONLY 10 COPIES LEFT) NEXT PRICE $599  <<<<<<<<<<<<<<<<<<< MatrixEA is a fully automatic expert built for the  EURCHF, EURAUD, USDCHF  currency pair. MatrixEA does   not use  Martingale and Grid, All Trades are covered by  StopLoss  and   TakeProfit .  MatrixEA has been tested for more than  10 years  in Strategy Tester . MatrixEA   trades in most time frames, but the suggested time frames are:   M5 , M15 ****************************
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R Factor EA
R Factor EA
Raphael Minato
R FACTOR Expert Advisor with Proprietary Dynamic Portfolio Management System After 4 years of development and almost 3 years of real positive results , we are finally confident in sharing our strategy with the MQL5 community. It has always been important for us that the strategy performed positively for the creator before it could be shared. Skin In The Game is essential to demonstrate the belief in the strategy and also to provide a continuous improvement of it. Anyone who has been in this
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Klondike EA
Klondike EA
Dmitrii Golubev
Telegram channel:  https://t.me/Successful_Forex_EA   Live Signal  https://www.mql5.com/en/signals/954865 Live Signal Real Money https://www.mql5.com/en/signals/970517?source=Site+Signals+Profile+From+Author     Recommended VPS:  https://ruvds.com/pr5256     Klondike Trading Advisor is designed specifically for gold trading on Forex. Klondike relies on sophisticated strategies and indicators. To top it all, the EA uses unique artificial intelligence technology to analyze t
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Rooster
Rooster
Maxwell Matey
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Spider Crazy Pro
Spider Crazy Pro
Michela Russo
Spider Crazy Pro is at discount Price only Today, at 50% of the Original Price! Buy Now! Spider Crazy Pro is a trading robot  for the trading on forex. This is a complete system with   11 Strategy in 1 EA . This Robot opens a   large number of orders .  Important Information Revealed By  purchasing  this Expert Advisor you are entitled  to receive a free copy  of  Snake Crazy Pro ! (All future updates included) -> To Receive it, Please Contact me by mql5 or email !   This Expert advisor not
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Invesard GBPUSD
Invesard GBPUSD
Lorenz Vauck
5 /5 copies left at $397 (next price: $497) NEW! Verified Reference Live Account NEW! Telegram Chat Dear Investor, my name is Lorenz Vauck, or as some may know me: Geektrader, from Germany. I am a trader and system developer since 2008 and in the last 13 years, I´ve developed thousands of trading systems and managed private funds at several different brokers. My main goal when developing a system is stable growth under any market condition. All my systems have to pass strict criteria in term
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Trend Line PRO EA mt4
Trend Line PRO EA mt4
Evgenii Aksenov
One Copy left for $295 !!! Next price $395 The Expert Advisor trades on the signals of the Trend Line PRO indicator: download Orders are managed automatically. The EA has a Recovery function that increases the order size if the previous trade was closed with a loss. You can use from 1 to 3 orders at the same time. The Expert Advisor fully complies with the indicator signals and FIFO rules, does not use the grid function, which allows you to start trading with a minimum deposit of $500 The
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PipFinite Sequence EA
PipFinite Sequence EA
Karlo Wilson Vendiola
Sequence EA is a fully automatic expert advisor that trades high probability trend setups with multi timeframe filters. The strategy uses a dynamic grid approach and always closes the basket of trades in a net positive profit. The expert advisor is not sensitive to spreads and slippages because targets are adjusted accordingly. Real Account Monitoring Signal Here https://www.mql5.com/en/signals/901171 Settings used on real account: Timeframe M1 (1 Minute) GBUSD & EURCAD Click Her
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Filtro:
johan.ferdianto
66
johan.ferdianto 2021.04.16 10:29 
 

Good enough for martingale EA. The problem is if EA produces the wrong signal many times it will break the account. I think the basket system can improve this EA. For example, the position of Buy and Sell has the same profit goal. Or this EA can run on multiple symbols and target profit using the basket system, so it can reduce the risk when the EA makes too many wrong signals in other symbol, another symbol will help to reach the target profit.

Kyra Nickaline Watson-gordon
7646
Respuesta del desarrollador Kyra Nickaline Watson-gordon 2021.04.16 10:59
You are using aggressive setting. It is better to determine volume and averaging setting based on your account balance.
Of course you can use EA on multiple symbols and profit of one symbol cover loss of another symbol.
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