Answered 2 years ago · Author has answers and K answer views. there’s nothing ‘magic’ about the magic number. It is merely a unique number associated to a particular trade logged by your computer system or trading EA. It allows your program to reference that distinctive trade 23/02/ · The so called "magic numbers" are unique numbers to tell the trades from different EAs apart. An EA that adds it's own unique id number (the magic number) to all orders will be able to find it's own orders later when it wants to close or modify them 22/05/ · Just hold a mouse arrow for a second on the trade, and you will see it's magic number, so you will find your every trade. Also, you can identify your trades by comment of trade Estimated Reading Time: 2 mins
magic numbers? | Forex Forum by Myfxbook
Magic number Forex is the topic in this article, and here I magic number forex talk about the Expert Advisors themselves. These are automated strategies. So let say you have a normal strategy, a manual strategy that you learn from somewhere, you saw some video, you read it in the book and you are applying it daily.
But with the time, you will notice that you are missing so many entries. All right? Because obviously, we are human beings, magic number forex. We cannot sit in front of the computer for 24 hours from Monday to Friday. And this where the Magic number forex Advisors with their Magic number Forex can be beneficial because they trade all the time.
You would be able to follow it hours per day or a maximum of 12 hours, magic number forex. The other 12 hours, you are missing many trades. What if you have strategies, would you be able to follow them simultaneously? Many traders think that algorithmic trading and the Forex Expert Advisor is something tough and complicated. It was before, and it not anymore. There are strategy builders. Nowadays, everything is automated and secure.
You do not need to be a developer to build your website. You do not need to be a developer to develop your Forex Expert Advisor. The Forex Expert Advisors are structured in a file, and we attach this file to the Meta Trader platform. If you have experience in buying Forex Expert Advisors from the market place, you would know that they normally give you the ready ex4 or ex5 files.
They do not give you the code. In all of our courses, we give the code and we teach the traders how to compile those into Forex Expert Advisors, magic number forex. If any of our students is a developer he can add something magic number forex improve the code for himself, why not?
Once we place the Expert Advisors over the chart, magic number forex, we set the Magic number Forex, and we leave it to do its job. Now, if you look again on my chart, I will right-click on one of the Expert Advisors, and I will go to modify.
This is from where you can see the code of this Expert Advisor, and it opens in the Meta Editor. In this case, it is 6 magic number forex 56 rows to the end. It is much longer than the Expert Advisors we have created with EA Studio. And if I go to the top, you will see where we have the indicators parameters, and I can change the Stop Loss and Take Profit after that. This is the tool that we set in the Expert Advisors to follow the results after their trading.
The Magic number Forex is used when we connect our trading account with the statistical website to track the results. Also, when we have many Expert Advisors trading in one account, and we look magic number forex the History, we use the Magic Number Forex to recognize which is the EA that opened the trade. I will need to click on Compile, and it will change the Expert Advisor inside the Meta Trader.
And below, you can see I have the other indicators from this Expert Advisor, and pretty much this is what I know from the Expert Advisors code. If you are not an advanced developer.
And all of that came with the. Keep in mind that with FSB Pro we can create not only Forex Expert Magic number forex but for commodities, stocks, indexes. It depends on what Historical data you will import in the program.
Here is a video where I explain more about the data, and how to import it:, magic number forex. It would be very time consuming, magic number forex, and it will cost me a lot of money. I have been through this process already where I was hiring developers to program or to automate the strategy. For me, it was time-consuming. It was costly. And it was taking nearly one month to develop the whole Expert Advisor.
I had to give them the Expert Advisor back. So I was testing it then giving it back. And then again and again, and sometimes it was taking a couple of months for one single Expert Advisor. Even they forget to place the Magic number Forex, or they had no idea about it, so I had to explain basic concepts…. However, when the Strategy Builders came upit is so much easier for me, and for many traders the algorithmic trading became magic number forex more easier.
And we do it much faster. We have all the indicators there, Sl, TP, Break even, magic number forex, Magic number Forex, and all we needed. You can compile it, and this is the very same thing just what I have shown to you if you right-click over Expert Advisors and click on Refresh. Still, this forces Meta Trader to compile the Expert Advisors. So once you have any of the Expert Advisors, placed over the Meta Trader. You can right-click, go to Expert Advisors and go to Properties:.
This is from where you have the inputs, and this is from where you can change any of the magic number forex much faster, much more comfortable. As I said already, you can add to the position on the next same entry signal. Below is the amount to add, and then you have amount to close on reduction. But for these strategies, I have selected to reverse. So when you have an opposite signal, they will close the existing trade, and they will reverse the position.
Below you have Stop Loss, Take Profit, Break Even. You can write as well a log file, and if you click on True, you will be able to write a log file if you want for your Expert Advisors. And pretty much this is about the Expert Advisors. Nothing complicated. And you reopen it after that, and you have already begun trade, just as I have, the Expert Advisors will recognize the opened trade with the magic number Forex.
So they will not open a new trade. So if I restart my computer and I reopen the Meta Trader, these two Expert Advisors will recognize the open trades.
Magic number forex will not open another trade until these two are opened. So this is very, very magic number forex because it happens that sometimes we disconnect from the Internet, or we disconnect from the server of the broker. If I go one more time to the place where I have placed the Expert Advisors. This is in Open Data Folder, and I will go to MQL4, and I will go to Experts, and as you can see we have two types of files.
One is the EX4 File, and the other one is the MQL4 Source File. This is what you will receive from me in the course — the source files:. This is from where you can access the code of the Expert Advisor and the Magic number Forex. Now when we click Expert Advisors, right mouse, and we go to Refresh, we compile the Expert Advisors.
And this is how we got to the EX4 File. So these are the compiled Expert Advisors. Most of the time, when you buy an Expert Advisor from the market, you will receive only these EX4 Files. If any of you, as the developer, wants to test something, wants to change something, want to learn from the code. These magic number forex the things about the Expert Advisors and Magic number Forex. And below you have this tab that says Experts, and from here you can see kind of information what we had with the trade when it opened.
We have the number of the order. What it did, at what price, Stop Loss, if there is one and the Magic number Forex:. So there is some information here about the actions with the Expert Advisors.
Not a bad idea to have a look at those sometimes and as well in the journal, magic number forex. So you will see if there are any mistakes with the Expert Advisors. When trading manually, it is hard for the trader to decide if a strategy is profitable or not for many reasons. First, he can not take all trades during the day. Second, the entries are not precise as with algorithmic trading, and third, the trader always modifies the system according to their feelings at the moment and their expectations.
It is a personal choice if you want to magic number forex manually or with Expert Advisors, but we have noticed that more traders lose when trading manually, magic number forex. Just because of the emotions. They cause the traders to lose money. Let me know if you have any questions, and write in OUR FORUM.
For more trading courses, please visit our website. This is a number in every Expert Advisor which displays as Comment in MetaTrader 4. It helps the algo traders to follow the results of Expert Advisors, especially when trading with more than 1 EA. The Forex Expert Advisors are automated strategies that are coded normally in MQL and traded in MetaTrader 4 magic number forex MetaTrader 5. They open and close trades according to the trading rules inside the code. When you drag any Expert Advisor over the trading chart, you will see a small menu.
Click on Inputs and you will find the field to enter the Magic number at the end.
Magic Number in Trading ? - 369 Mystery - Secret revealed -
, time: 10:37How to Use Magic Number in MT4
22/05/ · Just hold a mouse arrow for a second on the trade, and you will see it's magic number, so you will find your every trade. Also, you can identify your trades by comment of trade Estimated Reading Time: 2 mins Answered 2 years ago · Author has answers and K answer views. there’s nothing ‘magic’ about the magic number. It is merely a unique number associated to a particular trade logged by your computer system or trading EA. It allows your program to reference that distinctive trade 03/11/ · Some times I have to move the cursor across the trade and pause a couple of times before the box pops up. You can also right-click and use the 'save as a report' feature. If you have Comments checked in the right-click box the report will show the magic number for the trades in the report
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