Magic Blue EA

Magic Blue EA is a trading software designed to identify trends and flat price movements to find optimal entry points for trading in the forex market. In this article, we will take a closer look at the Magic Blue EA, its strategies, features, and settings and provide all the necessary information to decide whether the Magic Blue EA is the right choice for you.

Magic Blue EA Strategy

The Magic Blue EA is an automated forex trading software that works based on an algorithmic trend/flat price recognition system. It is designed to analyze the forex market and identify optimal entry points for trading. The EA works on any currency pair and timeframe but works best on GBPUSD, EURCHF, EURJPY, and AUDCHF currency pairs on the M15 timeframe. It takes around 10 trades a day.

Magic Blue EA
Magic Blue EA

The Magic Blue EA is compatible with the MetaTrader 4 platform, a popular trading platform traders use worldwide. It is equipped with a unique algorithm that analyzes the market condition to find the entry points for trading. This algorithm takes into account various market indicators, such as price action, support and resistance levels, and other technical analysis tools.

One of the critical features of the Magic Blue EA is its “quick in, quick out” system which refers to a trading strategy that enters and exits trades quickly, usually within a few minutes. This system is efficient for low-spread accounts like ECN, where traders need to act fast to take advantage of small price movements. Another strength of the Magic Blue EA is its virtual hidden take profit and stop loss levels. The EA doesn’t place stop loss or take profit levels but has virtual hidden TP/SL. This allows traders to manage their risks and minimize their losses.

Despite its many strengths, the Magic Blue EA does have some weaknesses. One of the main weaknesses is the lack of transparency regarding its unique algorithm. The algorithm is not disclosed, making it difficult for traders to understand how it works and evaluate its effectiveness. Another weakness of the Magic Blue EA is it is heavily dependent on market conditions, which can be unpredictable and volatile. This means traders may not consistently achieve the desired results when using this EA. Traders need to be aware of the potential risks associated with forex trading and take steps to manage their risk accordingly.


Magic Blue EA Features

  • Automated forex trading software based on an algorithmic trend/flat price recognition system.
  • Works on any market condition and takes around ~10 trades a day.
  • Does not place a stop loss or take profit levels but has virtual hidden TP/SL.
  • Compatible with the MetaTrader 4 platform.
  • Equipped with a unique algorithm that analyzes the market condition to find the best entry points.
  • Has a “quick in, quick out” system that is efficient for low-spread accounts like ECN.
  • Works best on GBPUSD, EURCHF, EURJPY, and AUDCHF currency pairs, but it can work on any pair.
  • Works best on the M15 timeframe, but it can work on any timeframe.
  • A low-spread ECN account is recommended for optimal performance.

Magic Blue EA Settings

  • Lot Size: The lot size for each trade.
  • TF: M15 – Trading timeframe of 15 minutes.
  • Currency: GBPUSD, EURCHF, EURJPY, and AUDCHF – The four currency pairs that the EA is optimized to trade on.
  • Risk: 5.0 – The percentage of account balance risked per trade.
  • TP: 20 – The take profit level in points.
  • TimeStart: 2 – The hour at which the EA starts opening trades.
  • TimeEnd: 12 – The hour at which the EA stops opening trades.
  • MaxOrders: 10 – The maximum number of orders the EA can open simultaneously.
  • Magic: 2022 – The unique identification number assigned to the EA’s trades.
  • Take Proffit – It has virtual hidden TP
  • Stop Loss: It has a virtual hidden SL.
  • Max Spread: The maximum allowed spread before the EA stops trading
Magic Blue EA Settings
Magic Blue EA Settings

Magic Blue EA Summary

The Magic Blue EA is an automated forex trading software that is designed to identify trends and flat price movements to find optimal entry points for trading in the forex market. Its features include its algorithmic trend/flat price recognition system, “quick in, quick out” system, and virtual hidden take profit and stop loss levels.

However, its weaknesses, such as lack of transparency and dependence on market conditions, should be considered when using this EA for trading. It is recommended that traders should demo-test the EA and apply good risk management settings before using it on a live account.

Overall, The Magic Blue EA is for traders who use the MetaTrader 4 platform and seek to automate their forex trading strategy based on an algorithmic trend/flat price recognition system.

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