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Magic numbers question 12 replies

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Attachments: Magic 100
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Magic 100

short au
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Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
nzdcad has a set up
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Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
gbpchf
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Personal Journal...https://www.forexfactory.com/thread/1260265-the-journal
Quoting pusztafie
CHFJPY H4, i didn't have the patience to wait for it to reach 1:3, risking losing the gains I had made so far, so I closed manually. {image}

pusztafie, how is this indicator calculated? Could you send it to me or is it paid?
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[quote=romulorios;14818499]{quote} pusztafie, hogyan számítják ki ezt a mutatót? El tudnád küldeni vagy fizetős? {image}[/idézet]
.
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.EURAUD H1, 1:1,4
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Quoting mehantrader
{quote} 1:3 is very risky and kinda crazy, I think what you did was very correct. Anyway, I prefer simple 1:1.
I would disagree. As I get a feel for this strat I have found a RR of 1:5 for small candles to be readily attainable, medium candles 1:3 and large candles are often worth avoiding entirely. There is nothing worse than getting sucked into the market on a big candle and it going all the way to SL. Not as much of an issue with medium candles, less so with small.

1:1 often leaves so much on the table but each to their own.
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Maybe then trend could be my friend?
I felt this strat out for a few weeks. Its too simple to work for anyone in the short term who doesnt have a feel for trends. I will say something that might spur someone to further develop a strat around the magic 100 idea. Add Bollinger bands/KC and reverse the rules if the candles move outside the bands. Add a 50ema and only revert to the original rules once price touches the 50.
Maybe then trend could be my friend?
Long Usdjpy
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short Nzdusd
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[quote=pusztafie;14819048]
Quoting romulorios
{quote} pusztafie, hogyan számítják ki ezt a mutatót? El tudnád küldeni vagy fizetős? {image}[/idézet] . {file}
hello! Do you know how this indicator is calculated?
[quote=romulorios;14840292]
Quoting pusztafie
{quote} sziasztok! Tudod, hogyan számítják ki ezt a mutatót?
I don't know how to calculate it. I sent the indicator in post 2625.
Is it worth trading this in the lower TFs, or is the 1H just more reliable?
I've been looking at this site and found it quite interesting,
I can't find any pending order indicators on the site
So the question I have is how do you place your orders,
thank you for your time.
Quoting redfan
Nézegettem ezt az oldalt, és nagyon érdekesnek találtam, nem találok függőben lévő rendelésjelzőket az oldalon. Tehát a kérdésem az lenne, hogyan adja le a rendeléseit, köszönöm idő.
Without any kind of indicator, traditionally. E.g. in the picture: sell stop at the bottom of the rising candle, stop at the top. If the next hourly candle is bullish, I simply move the sell stop order up to the bottom of the next candle. Of course, you have to look at the chart every hour.
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I've never used a sell stop before, does it become live when it is hit
by the candle or the price?
thank you for your time.
Quoting redfan
Soha nem használtam még eladási stopot, akkor éles lesz, ha megüti a gyertya vagy az ár? köszönöm az idejét.
Yes!
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Only found this site two days ago and this morning was my first attempt to see if I understood how to put a trade-on, well these results tell me I know what I'm doing
All I need now is a good pending order indicator or EA with built-in stop losses and take profit,
If anyone can point me in the right direction to find an indicator OR EA I will be very grateful,
I can remember using one a couple of years ago that had two lines one for stop loss and one for Putting a trade on..
thank you for your time.
Quoting redfan
{image} Only found this site two days ago and this morning was my first attempt to see if I understood how to put a trade-on, well these results tell me I know what I'm doing All I need now is a good pending order indicator or EA with built-in stop losses and take profit, If anyone can point me in the right direction to find an indicator OR EA I will be very grateful, I can remember using one a couple of years ago that had two lines one for stop loss and one for Putting a trade on.. thank you for your time.
Which method do you use?
It's the magic 100 I've just gone over all the rules that the original person made up which nobody seems to be sticking to so I've started using MY journal
The journal is called
TRADING CORRELATION PAIR BY USING THE OTHER PAIRS
I put quite a lot of charts on there showing you where to get in and what the rules are I've made up I NEW set of Rules if you want to have a look it's post 753
4 traders viewing now, 2 are members:
frankyol
,
James154