Hello, in the dax I just took 10 points short
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Magic numbers question 12 replies
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DislikedNZD/USD is it simple? Yes! Is it easy? No! Not many had the patience and discipline to follow strikt rules. You decide... {image}Ignored
Disliked{quote} Hi Minotawr, took the same trades but didn't arrived to TP. What about to move SL to breakeven to avoid loosing trades, when it will be in profit X pips when X is some ratio of SL or use some trailing? Any suggestion or other idea? Thanks. Tea {image}Ignored
DislikedFirst of all, thank Minotawr for sharing your trading system. It's so simple and elegant that I think everyone can make profit with it. I tried to do 100 backtest using bar replay on Tradingview. However I just manage to do 50 trades and the results is amazing I tested on GOLD/USD on daily chart and R:R is 2:1. With all respect, I add ADX and DI into your system to clarify the trend and determine when to stay out of the market. If price is closed to 100EMA or ADX line go under 20, don't trade. It help me win 32/50 trades. 64% win rate and...Ignored
DislikedFirst of all, thank Minotawr for sharing your trading system. It's so simple and elegant that I think everyone can make profit with it. I tried to do 100 backtest using bar replay on Tradingview. However I just manage to do 50 trades and the results is amazing I tested on GOLD/USD on daily chart and R:R is 2:1. With all respect, I add ADX and DI into your system to clarify the trend and determine when to stay out of the market. If price is closed to 100EMA or ADX line go under 20, don't trade. It help me win 32/50 trades. 64% win rate and made 250%...Ignored
DislikedHello, when are the bsten entered with the adx, MaxNNQ. Magic is when good people share simple profitable strategies for freeIgnored
DislikedIt's been some time since posting. I trade a different strategy. However, I still incorporate this and was thinking. Adding a 21EMA might help (thin green not thick). See chart: in uptrend when price gets close to 21EMA you can set pending trades on the pin bars closest to the EMA in the trend direction. I also personally use 30M for my entry. 21 EMA works best for me. I marked my entries in yellow with arrow as direction.. Thats my style though. Using the pin bars as you know there is strong resistance or support depending on trend direction. Any...Ignored
Disliked{quote} Wonder what the optimal RR would be? One would think the RR could be much higher than 2:1 with the 'Magic' "system". Perhaps try 4: 1 RR or higher but now on to more important stuff Query: What is the difference between Magic and Magick?Ignored
Dislikedok guys, one more chart for education. This is H4 chart of EUR/AUD: Since a strong down movement accured (yellow line) and price under 100EMA, i`ve started to look for retracements. --> green candle 1 was formed. I put my pending sell stop order under the candle 1, SL above candle1 --> green candle 2 was formed. My pending order from candle 1 was not activated. I cancel pending order1. Now i put my pending order under the green candle2, SL above --> green candle 3 was formed. My pending order from candle 2 was not activated. I cancel pending order2....Ignored
Disliked{quote} Pin bar as a signal of reversal to enter the market is definitely help to improve the win rate. However adding more line would create more noise, I think the key of this Magic 100 is simple. It's already tell us when and where to enter the market. I don't need to find the entry point here, I simply add ADX to give me the signal NOT TO TRADE. Also how can you tell which is the closest candle to the 21EMA? On the history chart, it's easy to tell but as present how could you sure it is the one?Ignored