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Magic number factoids

By the magic number, the EA knows which trades it needs to manage. How MT4 Uses Magic Numbers. Magic numbers are especially useful when you are trading across multiple timeframes, using the same forex pair. For instance, you might wish to use two EAs, one that is tracking the EUR/USD on a one hour chart, while another that is tracking the same. Like for scalping, EA may use as its magic number while for trend following, it may use Ways to get Forex Magic number: MQL consists of a system known as ‘OrderMagicNumber’ which gives you your all-important identifying number. After catering to the OrderSelect option, you should run the OrderMagicNumber option in an order selection loop. 3/31/ · 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 to it" set a different magic number (ID) with each EA.

Forex magic number
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What is the magic number in Forex?

By the magic number, the EA knows which trades it needs to manage. How MT4 Uses Magic Numbers. Magic numbers are especially useful when you are trading across multiple timeframes, using the same forex pair. For instance, you might wish to use two EAs, one that is tracking the EUR/USD on a one hour chart, while another that is tracking the same. 11/3/ · I have an EA on GBP/JPY running three charts within the same platform: 5M, 15M and 30M The EA is assigning different Magic Numbers for each chart which is good so open and close of an order is handled correctly. 3/31/ · 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 to it" set a different magic number (ID) with each EA.

Expert Magic Number in MT4 - Forex Education
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What’s the Purpose of Identifying a Trade with a Magic Number?

The expert magic number represents the MetaTrader concept to track open positions that are generated by the Expert Advisor. Using an expert magic number EA can mark each position by number and distinguish the opened trades versus trades that did not open. The expert magic number can be any unique number and they are license plates for EAs. 3/31/ · 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 to it" set a different magic number (ID) with each EA. 5/22/ · Example of how to set the magic numbers if few Forex Robots are in use in the same terminal: 1nr. EA - magic number is 2nr. EA - magic number is 3nr. EA - magic number is In this example all the magic numbers are set up correctly, of course. You can use any of your desirable numbers.

Magic Number - Algorithmic and Mechanical Forex Strategies | OneStepRemoved
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How to Get the Magic Number of an Open Trade

The expert magic number represents the MetaTrader concept to track open positions that are generated by the Expert Advisor. Using an expert magic number EA can mark each position by number and distinguish the opened trades versus trades that did not open. The expert magic number can be any unique number and they are license plates for EAs. 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 at the History, we use the Magic Number Forex to recognize which is the EA that opened the trade. 11/3/ · I have an EA on GBP/JPY running three charts within the same platform: 5M, 15M and 30M The EA is assigning different Magic Numbers for each chart which is good so open and close of an order is handled correctly.

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Magic number facts

Like for scalping, EA may use as its magic number while for trend following, it may use Ways to get Forex Magic number: MQL consists of a system known as ‘OrderMagicNumber’ which gives you your all-important identifying number. After catering to the OrderSelect option, you should run the OrderMagicNumber option in an order selection loop. 1/5/ · If they applied the EA with the same magic number on all charts, the result would be chaos. The expert advisor would open and close trades at random. Setting each EA to use a different magic number prevents the robots from interfering with the others. Magic number facts. The magic number of a manually opened trade is 0. The value of a max Author: Shaun Overton. 3/20/ · The magic number of a manually opened trade is 0. The number that you use for a magic number must be a number ranging from 0 and The MQL programming language assigns that last number EMPTY_VALUE and protects the name as an integer value. blogger.com is a company that specializes in programming an expert advisorfor traders.