MagicSignals EA

MagicSignals EA is a fully automated trading robot designed by Ola Said Abad Elghafar that utilizes an intelligent algorithm based on price movements. It was published on the MetaTrader platform and last updated in December 2019 with version 6.8.0. This Expert Advisor does not allow for fixed lot trading, instead, it employs a highly intelligent Money Management system within the EA. Users simply input their desired level of risk, and the system handles the rest of the work.

MagicSignals EA Features

  • Trading Platform: MT4
  • Trading Method: No Martingale or grid strategies.
  • Consistent use of stop loss for capital protection.
  • Adaptable and easy-to-use.
  • Excellent risk/reward balance.
  • Compatible with all brokers.
  • No optimization required.

MagicSignals EA Strategy

At the core of the MagicSignals EA is an algorithm that continuously scans the market for specific patterns and behaviors, such as support and resistance levels, trendlines, and candlestick formations. By interpreting these key elements, the EA tries to identify high-probability trading opportunities with minimal lag time.

The trading strategy aims to generate consistent trades while minimizing risk exposure. It does so by using strict risk management rules, such as implementing stop losses to protect capital and maintaining a favorable risk/reward ratio. Furthermore, the EA adapts to varying market conditions, ensuring optimal performance across different currency pairs and timeframes.

One of the standout features of the MagicSignals expert advisor is its user-friendly interface, which allows traders to customize the settings according to their risk appetite and trading preferences. The EA is compatible with all brokers and does not require any optimization, making it a versatile and efficient solution for both novice and experienced traders.

MagicSignals EA Account Requirements

  • Minimum account balance: $100
  • Account types: Standard
  • Account leverage: 1:1000
  • Trading Hours: 24/5
  • Timeframe: M5
  • Requires a Forex VPS Hosting for continuous EA operation.
  • Assets: Major Currency Pairs

Input and Parameters

ParameterDescription
MaxLots1000
UseMMTRUE
Risk10
BrokerSpreadSet spread not over than
Spread5.0
Slippage_13
VolumeSpecifies the lot size for trades.
Vol_FixSets a fixed lot size for each trade (Volume Fixed Value).
Vol_RelDetermines lot size based on account balance and relative value (Volume Relative Value).
Volume Fixed ValueSpecifies the lot size if Vol_Fix is selected.
Volume Relative ValueSpecifies the relative value if Vol_Rel is selected.
LevelsDetermines the stop loss and take profit levels.
StoplossSets the stop loss level in points.
TakeprofitSets the take profit level in points.
Takeprofit PositionSets the position of the take profit level.
Takeprofit 2Sets a second take profit level in points.
StoplossSets a stop limit in points

MagicSignals EA Pricing

  • EA Purchase: $30,000
  • $1,800/Month
  • $3,000/3 Months
  • $6,000/Semi-Annually
  • $10,000/Annually
  • Demo: Free

Conclusion

MagicSignals EA is a fully automated trading robot that offers a unique and intelligent algorithm to navigate the complex world of forex trading. With its user-friendly interface, adaptable strategy, and strict risk management rules, the EA has the potential in minimizing risk exposure for traders of all experience levels. Operating on the MetaTrader 4 platform, MagicSignals EA is compatible with all brokers and requires no optimization. Although it comes with a hefty price tag, its ease of use could make it a valuable addition to any trader’s toolkit.

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