Magic 100 - Forex Factory
Mar 29, 2020 · All you need is a strong trend, a 100EMA and common sense. We only take trades in the direction of the trend! Buy : Price is above the 100EMA, you place a buy stop order above the red candle. Stop is is under the candle. TP is 2R (R:R is about 1:2 or 1:3) See Picture.
Magic 100 | Page 137 | Forex Factory
Oct 16, 2024 · Sometimes I would simply target the low, or the high. But I just found that having a negative R:R and a really high win rate so good for my psychology. Trading less set ups but over the course of the month, being up around 5-7% is the way forward for me. Pretty much what I do to be fair, I target the 66% area on my fibonacci and then I set a ...
Magic 100 | Page 134 | Forex Factory
Jun 13, 2024 · Use the Magic 100 or any other indicator to give the signal for bounce. If the signal does not come at the right side of the EMA, then the trend might be over. I like then to add the Williams Percentage Range indicator. Read post #1 !! …
Magic 100 | Page 136 | Forex Factory
Sep 1, 2024 · Sometimes I would simply target the low, or the high. But I just found that having a negative R:R and a really high win rate so good for my psychology. Trading less set ups but over the course of the month, being up around 5-7% is the way forward for me. 3. …
Magic 100 | Page 132 | Forex Factory
Apr 3, 2024 · 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.
Magic 100 | Page 130 - Forex Factory
Feb 29, 2024 · Clearly need some filtering. I would suggest ADX. The + and - signals are quick and reliable. Forget the master signal. But this is the Magic100 forum and we cannot discuss that here. I will look into your idea and if I find it useable I will …
Magic 100 | Page 135 - Forex Factory
Jun 20, 2024 · Set BUY order (pullback) at last DOWN candle open in an uptrend. Works best when the 100EMA is at a good sloping angle. Use market structure to help you.. HH, LH, LL, HL. Use the TP and SL method Minortaur provided from the 1st page onwards. That is the MINIMUM you need to know to trade this stategy. Its not hard at all.
Magic 100 | Page 128 | Forex Factory
Feb 7, 2024 · now we just let magic100 do its thing. Attached Image (click to enlarge) Trading Systems. /. Magic 100. Reply to Thread. 1 126 127 Page 128 129 130 137. 0 traders viewing now. Share ideas, debate tactics, and swap war stories with forex traders from around the world.
Magic 100 | Page 2 - Forex Factory
Mar 30, 2020 · You want to set a pending order at the high of the last retracement candle and a stop loss beneath the low of the same candle on a long trade (if uptrend) If there are candles that form lower after that candle, then move the pending buy and stop to that new candle. As long as the 100EMA supports the upward trend direction.
Magic 100 | Page 125 - Forex Factory
Nov 28, 2023 · Magic 100 Last Post ; 1 123 124 Page 125 126 127 137; 1 Page 125 137 ; Post # 2,481; Quote; Nov 28, 2023 8 ...