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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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Profalgo Limited
4.62 (29)
Эксперты
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4.87 (137)
Эксперты
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5 (8)
Эксперты
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Marzena Maria Szmit
4.48 (25)
Эксперты
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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Эксперты
Запустить промо! Осталось всего несколько экземпляров по 449$! Следующая цена: 599$ Окончательная цена: 999$ Получите 1 советник бесплатно (для 2 торговых счетов) -> свяжитесь со мной после покупки Ultimate Combo Deal   ->   click here New live signal:   https://www.mql5.com/en/signals/2084890 Live Signal high risk :  https://www.mql5.com/en/signals/2242498 Live Signal Set Prop Firm Set JOIN PUBLIC GROUP:   Click here Parameter overview Gold Trade Pro присоединяется к клубу советников
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Эксперты
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Эксперты
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Эксперты
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Эксперты
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Эксперты
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Эксперты
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Эксперты
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Эксперты
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Эксперты
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Эксперты
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AI TradingVision GPX MT4
Yu Mei Cheng
4.64 (14)
Эксперты
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GRain EA MT4
Roman Erokhin
4.5 (6)
Эксперты
Good afternoon. My name is Roman, I am the creator of Gold Rain EA. I have been preparing for its realization for a long time, went through a lot of tests and now I finished the product and went on sale with a live good signal. My motto is to use only live signals, I do not release products without history or lack of real accounts. Now you have the opportunity to try Gold Rain EA in your hands. I will help every client to customize and install EA, from beginner to pro. Tired of complicated EA mo
Sequoia mt4
Yvan Musatov
4 (4)
Эксперты
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Sup 9 Martingale
Inrexea Limited
5 (1)
Эксперты
The S9M Trading Robot – a cutting-edge, fully automated 2nd generation InrexEA DB system by OpenEA. This innovative solution learns from XAUUSD market trends and incorporates the best aspects of the retired Ea YOLO Diamond Hands. Structure of InrexEA Database: Clients > InrexEA DB > OpenAI > InrexEA DB analysis > Clients  InrexEA DB is a cutting-edge database solution primarily built using the powerful Python programming language. It goes beyond the limitations of MQL4 and MQL5 codes to provide
TopBottomEA
lizhi fu
4.67 (48)
Эксперты
TopBottomEA's advantage: the first support for small capital work EA, real trading for more than 4 years; this EA based on volatility adaptive mechanism, only one single at a time, each single with a stop-loss, an average of about 4 orders per day, holding a single length of 12 hours or so, with a limit of $ 20 principal challenge backtesting ran through more than 10 years. Every interval of three days to increase the price of $ 100, the price process: 998 --> 1098 --> 1198...... Up to the targ
Quantum Pip MT4
Lo Thi Mai Loan
Эксперты
Добро пожаловать в Quantum PIP Это торговый советник (EA), который использует 100% Price Action, основываясь на диапазоне движения цены за предыдущий день, и будет совершать одну сделку на следующий день, только одну сделку в день. EA учитывает ценовое движение рынка, не анализирует далёкое прошлое, так как это неэффективно, и не использует стратегии Мартингейла или Грид. Каждый ордер всегда защищён установленным Стоп Лоссом. EA предоставляет четкие сигналы на реальных счетах, не использует фей
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Kyra Nickaline Watson-gordon
Индикаторы
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 leve
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Kyra Nickaline Watson-gordon
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Утилиты
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Эксперты
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Эксперты
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Эксперты
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Индикаторы
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Индикаторы
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Эксперты
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Эксперты
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Индикаторы
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Индикаторы
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Утилиты
A utility to close all positions and orders with one simple click at once. Various options are available to filter or select orders and positions : Type of orders/positions : 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 separat
Triangular EA Limited vMT5
Kyra Nickaline Watson-gordon
3 (4)
Эксперты
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
Triangular EA Free MT4
Kyra Nickaline Watson-gordon
Эксперты
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
OneClick Auto Close MT4
Kyra Nickaline Watson-gordon
Утилиты
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 /
VPO Profile MT5
Kyra Nickaline Watson-gordon
5 (2)
Индикаторы
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
VWAP Indicator MT5
Kyra Nickaline Watson-gordon
Индикаторы
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 cal
Account Graph MT5
Kyra Nickaline Watson-gordon
5 (1)
Индикаторы
An indicator to draw a graph of account current and historical state such as Balance, Equity, Margin, Free Margin, Margin Level, Drawdown, Account Profit, Deposit and Withdrawals. Indicator Inputs : Draw Balance Graph Draw Equity Graph Draw Margin Graph Draw Free Margin Graph Draw Margin Level Graph Draw Drawdown Graph Draw Account Profit Graph Hide Data on Chart and Buffers Connect Gaps by Lines Sign of DDs on Profit Sign of DDs on Loss Tips : The Indicator will draw historical balance gra
Triangular EA Limited MT4
Kyra Nickaline Watson-gordon
1 (2)
Утилиты
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 o
Smart Copy Local Free MT5
Kyra Nickaline Watson-gordon
4.67 (3)
Утилиты
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
Smart Copy Local Free MT4
Kyra Nickaline Watson-gordon
5 (3)
Утилиты
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
Фильтр:
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
50099
Ответ разработчика 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.
Ответ на отзыв
Версия 1.5 2024.03.15
News resource changed to ForexFactory.com
Версия 1.4 2023.01.28
Minor updates on signal engine and trading engine.
Версия 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/
Версия 1.2 2022.02.05
Added compatibility with FIFO Rules + Some other minor updates.
Версия 1.1 2021.10.04
Optimized Speed of Strategy Tester