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 as well. The magic numberEstimated Reading Time: 2 mins A magic number is an order parameter that helps MetaTrader 4 and MQL4 identify orders. A magic number is necessary especially when running different expert advisors and different strategies in 05/01/ · The magic number is a MetaTrader concept used to track the open positions of an expert advisor. The concept allows the EA to distinguish the trades that it opened versus those that it did not. Every car has a license plate. When you see a car in a different state or even a different country, you know that every plate that you see is blogger.comted Reading Time: 3 mins
Magic Number - Algorithmic and Mechanical Forex Strategies | OneStepRemoved
A lot of words are out regarding Forex magic number! Going through some reviews, it is known that in the MetaTrader parlance, magic number in forex, it is primarily an magic number in forex number- either signed or unsigned, present in EA scripts or instruments. Its magic number in forex is to determine trades of any given size or figures of your choice. This Magic number serves usage in identifying a trade operation.
Whenever a trader opens a trade via EA, this associate with their trade. To open the trade MT4 EA makes use of OrderSend command, and you affix all your needy parameters for better determination of particular trends. This means that one chart is for scalping EA while the other is trend following EA. Each of these criterions consists of 1 open trade.
But you for your easiness would want to manage both these positions separately and differently. What you would want to do is run a Conventional Stop Loss Take Profit for one and conduct a Trailing Stop Loss and Channel Stop for the other trade. But here lies an issue. But with Forex Magic number EA, you will be able to do it. While setting your parameters, if you did enter a magic number for both the trades at the time of opening them, you will be able to know what EA opens it with.
Like for scalping, EA may use as its magic number while for trend following, it may use After catering to the OrderSelect option, magic number in forex, you should run the OrderMagicNumber option in an order selection loop.
The code presents you with the number, and there magic number in forex no need to worry at all as in the 1st instance, it will feel a bit confusing.
But as you use it times, you will understand it better. Just as your trade orders, this magic number can also give you feeds on Stop Loss, Take Profits, open time and also its opening price. Open up a demo account ASAP and check out Forex Magic number. You have an idea about what it does and the parameters you need to set. So, use it while demo trading and see if it does prove resourceful for you. Home Trading Forex magic number.
What is Magic Number in Forex? Start Trading. Technical market indicators are really helpful for all those savvy traders knowing how Follow us in social networks! Facebook Twitter Instagram LinkedIn Youtube Telegram RSS Feed MQL5.
Mql5/Mql4 Coding Generating Unique Magic Numbers
, time: 23:38Magic number in MetaTrader - Algorithmic and Mechanical Forex Strategies | OneStepRemoved
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 A magic number is an order parameter that helps MetaTrader 4 and MQL4 identify orders. A magic number is necessary especially when running different expert advisors and different strategies in 31/03/ · Magic number is intended to be used for trade identification. Implementation varies. It is set when the trade is opened by an EA with the OrderSend () command. Example usage: You have two EA trading EURUSD. To permit each EA to recognize trades that "belong
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