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Magical Powers

This Expert Advisor is based on Trend Following Systems.

The mechanism (stop-and-reverse) technical indicator. Based on a price and time trading system, the indicator is used for analyzing market trends. The indicator trails price as the trend extends over time. It is similar to the Moving Average, as the only difference is that the indicator moves with higher acceleration and may change its position in terms of the price. In general, the indicator moves below the prices as they go up (bull market) and above the prices as they go down (bearish market). As the price trend reverses, the indicator breaks it and starts moving in the opposite direction, following the prices like a trailing stop. The indicator continuously protects profits as prices advance, and protect profits in short positions as prices fall.


Key Features

  • Trades on different timeframes, recommended M15.
  • Trades on any pair, recommended EURUSD
  • Initial deposit: $ 500 up 
  • Use an average position algorithm
  • Use 4 or 5-digit accounts
  • Using real tick data in backtest with 99.9% modeling quality
  • It is recommended to use very low spread ECN Broker, VPS (Virtual Private Server) is required for faster connections to send orders


Parameters

  • MagicNumber - Magic number to set the ID for each EA
  • UseLotsize - Setting Auto_Lots or Manual_Lots
  • Lots - initial lot size
  • Risk - Setting the risk level
  • MaxOrders - max orders
  • Multiplier - lot size multiplier
  • Slippage - slippage in points
  • StartTradeTime - Set time to start trading
  • EndTradeTime - Set time to end trading
  • BrokerGMTOffset - Your Broker GMT Offset
  • TradeMonday_Mode - set ON/OFF for Monday trading 
  • AfterHourMonday - after hours Monday start 
  • TradeFriday_Mode - set ON/OFF for Friday trading 
  • AfterHourFriday - after hours Friday close 
  • CloseOrderFriday - closing profit orders on Friday 
  • CloseProfitFriday - profit amount 
  • CloseAllFriday - close all orders on Friday
  • Display Settings - apply default or change display position
  • Top - distance from the top
  • Left - distance from the left


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Version 2.3 2023.05.21
Magical Powers v2.3 Upgrade:
Minor bug fixes and improved for function parameters
Version 2.2 2019.06.22
Magical Powers v2.2 Upgrade:
Improved time filter function:
TradeMonday_Mode - set ON/OFF for Monday trading
AfterHourMonday - after hours Monday start
TradeFriday_Mode - set ON/OFF for Friday trading
AfterHourFriday - after hours Friday close
CloseOrderFriday - closing profit orders on Friday
CloseProfitFriday - profit amount
CloseAllFriday - close all orders on Friday
Version 2.1 2018.11.14
Magical Powers v2.1 Upgrade:
- Added a new parameter: CHART_SHOW_TRADE_LEVELS - Displaying trade
levels in the chart (levels of open orders, Stop Loss, Take Profit and pending orders)
- Added a new parameter: BrokerGMTOffset - Your Broker GMT Offset
- Added a new parameter: TradeFriday_Mode - Set ON/OFF for Friday trading
- Added a new parameter: start_time - Start trading hour on Friday
- Added a new parameter: end_time - End trading hour on Friday
Improved time filter function:
- StartTradeTime - set time to start trading
- EndTradeTime - set time to end trading
Version 2.0 2018.10.18
Magical Powers v2.0 Upgrade:
- Added a new parameter: UseLotsize - Setting Auto_Lots or Manual_Lots.
- Added a new parameter: Risk - Setting the risk level.