For example, suppose you have this situation:. Aside from the standard stoploss and takeprofit exit, you may want to run a trailing-stop on one trade and a channel-stop on the other. This is where the magic number comes in. If a unique magic number was used when these trades were opened, it can now be used to identify what EA opened the trade. For example, the scalping EA could use a magic number of , and the trend-following EA can use a magic number of There is an MQL function named OrderMagicNumber that will get the magic number of a trade.

The function OrderMagicNumber must be run in an order selection loop. The MQL function OrderSelect is used to select a trade. After a trade has been selected, the OrderMagicNumber function is used to get the magic number. Typically the MQL function OrdersTotal is used to cycle through all of the open trades for the account. Here is an MQL code sample:. Incidentally, this same technique is used to get just about any information about a trade: stoploss, takeprofit, open time, open price, etc.

Also, the trade history of an account can be queried in the same way. You can get all of the same information about closed trades. You can do this using basic if-then logic:. In VTS, an input variable named MagicNumber is created with every system. See this link for an example of the EA input window and the VTS Input Manager window.

Here is an image of the magic parameter on the VTS fnOpenOrder function configuration. Note, it is on the advanced tab:. Since you can set the magic parameter on the VTS fnOpenOrder function to any value, not just the MagicNumber variable, the capability to utilize a magic number within VTS is very flexible.

You may have noticed the comment parameter. The comment parameter of OrderSend is used to add a text comment to a trade. Note: you have to be careful if you want to use the comment value to identify a trade because the value can be change by the broker.

Actually, it is changed anytime the trade is modified. Anyway, it can be extremely handy to see the magic number of a trade in the MetaTrader platform. So by default, VTS sets the name of the EA and the magic number into the comment parameter.

This way, you can visually see how your trades were opened in the MT platform. Here is an image of an open trade in the Trade tab:. The VTS function fnGetOrderInfo is used to get the magic number, or many other values, from an open trade. See this link on how to use fnGetOrderInfo and the different values you can get from the function. The fnGetOrderInfo generates all of the MQL code for the order selection loop and returns the requested value.

Your email address will not be published. Your Website. Save my name, email, and website in this browser for the next time I comment. Leave this field empty. Education MetaTrader Magic Number by David Williams — October 11, MetaTrader Magic Number A magic number is used to identify a trade.

The OrderSend function can be difficult to configure OrderSend has many parameters, one of them is named magic. As a platform, the MetaTrader has simplified trading by eliminating emotions. The expert magic number represents the MetaTrader concept to track open positions 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 MT4 platform generates a magic number employed by Expert Advisors EA to track open positions. This allows the EA to manage trades in a better way. Still, confused? The latter allows the authority to identify the state from where the vehicle has come from and know about the exact individual who owns it.

The expert magic number does a similar job. It helps the EA differentiate between the trades that have been opened by it to the ones that it has still not opened. This analysis allows the EA to manage the account in a better way. Many traders use the same Forex pair to trade across multiply timeframes.

You will need two EAs to track these two different time frames. Here, the first EA will be trend following as it is tracking the one-hour chart and the other one is scalping as it is chasing a minuet chart.

It is clear from the example that you should manage trades differently when you are using different timelines. The above example is a testimony that, along with your general stop-loss exits and takes profit, you need to run channel stops for one trade and trailing stops for the other.

In such cases, you will end up in a chaotic mess if you use only the currency pair to identify different trades because the currency pair is standard across the channels. It would help if you had something that stands apart. Your bulletproof savior in the above situation is a MetaTrader magic number. The platform assigns a specific number to each trade as soon as it is opened.

The EA will now follow these unique numbers instead of the currency pair to track the trade. For example, the trend-following EA may follow the magic number, while the other EA might chase the magic number Thus, we can conclude that you can use these magic numbers to separate orders across different timeframes and strategies, especially when using the same currency pair. It makes EA more operational by allowing it to use its potential. The magic number for the trades that are opened manually is zero, but the trades that are opened on the MT4 platform, using an EA, are assigned unique numbers that can range from 0 to These numbers can help you in finding open trades.

The MQL language uses OrderSend to open a trade. OrderSend is a function that is based on multiple parameters, the magic parameter being one of them. When a trade is opened by an EA using this function, a magic number is automatically assigned to the trade, known as OrderMagicNumber. The more you use it, the more familiar you get with it. All you need to do us to run OrderMagicNumber in an order selection loop.

Select a trade by suing OrderSelect. This will allow you to run the OrderMagicNumber for your chosen trade.

Market Sections Forum Market Signals Freelance Quotes WebTerminal Calendar VPS Articles CodeBase Documentation About Log in Create an account. English Русский 中文 Español Português 日本語 Deutsch 한국어 Français Italiano Türkçe. value :"" ; if document. Unfortunately, "Magic EA Free MT4" is unavailable You can check out other products of Kyra Nickaline Watson-gordon :.

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Note : Free version can be used for trading on Demo Accounts. Triangular arbitrage also referred to as cross currency arbitrage or three-point arbitrage is the act of exploiting an arbitrage opportunity resulting from a pricing discrepancy among three different cu. Remote Version is coming soon This is Free Version and can be used on Demo accounts only. Use the Full Version for real trading. Easy modifying symbol.

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The indicator does not analyze the market fundamentally, it is named fundamental because it can predict trends with large movements, no complicated inputs and low risk. Also Indicator can alert on market trend changes. Using Indicator : The Indicator is very simple and without complicated input parameters. No need to optimize anythin. Strategy : EA will place trades based o.

The EA can trade on all Forex Pairs, Cryptos, Stocks, Indi. You will need to determine whether or not your code is robust enough to operate without a magic number change - or whether or not it even uses the magic number. New comment. Still, confused? I want to understand what is magic number.

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