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Magic EA MT4

3
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


* 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 :

  • 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.
  • To enable News Filter, Visit How to Setup News Filter.

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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Fanur Galamov
4.81 (53)
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XG Gold Robot MT4
MQL TOOLS SL
4.55 (31)
The XG Gold Robot MT4 is specially designed for Gold. We decided to include this EA in our offering after   extensive testing . XG Gold Robot and works perfectly with the   XAUUSD, GOLD, XAUEUR   pairs. XG Gold Robot has been created for all traders who like to   Trade in Gold   and includes additional a function that displays   weekly Gold levels   with the minimum and maximum displayed in the panel as well as on the chart, which will help you in manual trading. It’s a strategy based on  Price
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Mihails Babuskins
4.75 (4)
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Dolores Martin Munoz
5 (1)
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MQL TOOLS SL
4.77 (60)
The Bitcoin Robot  MT4 is engineered to execute Bitcoin trades with unparalleled   efficiency and precision . Developed by a team of experienced traders and developers, our   Bitcoin Robot   employs a sophisticated algorithmic approach (price action, trend as well as two personalized indicators) to analyze market and execute trades swiftly with   M5 timeframe , ensuring that you never miss out on lucrative opportunities.   No grid, no martingale, no hedging,   EA only open one position at the sa
Sequoia v4
Yvan Musatov
The Sequoia Expert Advisor is a professional market analyst working using a specialized algorithm. Based on the analysis of prices over a specific time interval, it reveals the strength and amplitude of prices using a unique indication system based on real data. When the strength of the trend and its direction changes, the expert closes the current position and opens a new one. The bot's algorithms include signals about overbought and oversold markets. A purchase occurs if the signal falls belo
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Thi Thu Ha Hoang
4.6 (15)
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Scipio Ea
Stefano Frisetti
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Lo Thi Mai Loan
5 (4)
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Andrei Nazarets
4.29 (7)
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MQL TOOLS SL
4.19 (21)
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Bitcoin Robot Grid MT4 is an intelligent trading system designed to automate BTCUSD trading using the grid trading strategy. This method takes advantage of market fluctuations by placing a structured series of buy and sell orders at predefined price levels. The robot   continuously monitors market   conditions and executes trades according to its preset parameters, allowing for consistent market engagement without the need for manual intervention. Bitcoin Robot Grid is the   perfect solution  
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Vladislav Andruschenko
3 (2)
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Vortex Gold MT4
Stanislav Tomilov
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DS Gold Robot MT4
MQL TOOLS SL
4 (4)
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Forex EA Trading Channel on MQL5:  Join my MQL5 channel to update the latest news from me.  My community of over 14,000 members on MQL5 . ONLY 3 COPIES OUT OF 10 LEFT AT $399! After that, the price will be raised to $499. EA will be sold in limited quantities to ensure the rights of all customers who have purchased. - REAL SIGNAL  Low Risk:  https://www.mql5.com/en/signals/2302784 IC Markets - High Risk:   https://www.mql5.com/en/signals/2310008 AI Gold Sniper applies the latest GPT-4o mod
Big Forex Players MT4
MQL TOOLS SL
4.78 (37)
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Leonid Arkhipov
4.93 (29)
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Hicham Chergui
5 (4)
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Ramil Minniakhmetov
4.5 (10)
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5 (2)
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Aura Neuron MT4
Stanislav Tomilov
4.33 (6)
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Zen Flow 2 MT4
Hamza Ashraf
2.33 (6)
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Gold ISIS MT4
Lo Thi Mai Loan
4.67 (3)
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The Gold Reaper MT4
Profalgo Limited
4.57 (30)
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Market Profile iMT5
Kyra Nickaline Watson-gordon
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Kyra Nickaline Watson-gordon
1 (1)
Note: MT4 Backtest cannot test EAs that trades with several symbols simultaneously. For backtest use MT5 versions download here . 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 cr
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Kyra Nickaline Watson-gordon
1 (2)
Note: MT4 Backtest cannot test EAs that trades with several symbols simultaneously. For backtest use MT5 versions download here . 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 Tria
VPO Profile MT4
Kyra Nickaline Watson-gordon
5 (2)
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 each
TPO Profile MT4
Kyra Nickaline Watson-gordon
5 (1)
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 level
Channels MT4
Kyra Nickaline Watson-gordon
5 (1)
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 4 Typ
필터:
Johan Ferdianto
135
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
55068
개발자의 답변 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.
리뷰 답변
버전 1.5 2024.03.15
News resource changed to ForexFactory.com
버전 1.4 2023.01.28
Minor updates on signal engine and trading engine.
버전 1.3 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/
버전 1.2 2022.02.05
Added compatibility with FIFO Rules + Some other minor updates.
버전 1.1 2021.10.04
Optimized Speed of Strategy Tester