The Magic Dice

Forex trading is a rapidly evolving field with various strategies and software being introduced regularly. Today, we delve into the Magic Dice, an expert advisor designed for trading during significant market movements. This review will provide insight into the tool’s design, features, and benefits, focusing on its unique low-spread trading capabilities.

Unique Trading Strategy

The Magic Dice uses pending orders, a strategy that allows for trading during large market movements. It does not resort to grids, averaging, or increasing the volume of orders. This approach ensures the tool avoids the pitfalls associated with these potentially dangerous strategies.

Broker Requirements

Performance plays a critical role in the Magic Dice’s operation. It requires a broker with low spread, low slippage, and fast time execution. IC Markets is one example of a broker that meets these requirements. The effectiveness of the Magic Dice is directly linked to the broker’s performance, emphasizing the need for a broker that offers very good performance.

Parameters and Settings

The Magic Dice incorporates a variety of parameters, most of which are profitable. The parameters can be used consistently across all currency pairs, and even for trading metals, energies, and indices. Among the settings are the period for calculating the daily ATR, Take Profit, Stop Loss, Trailing Stop, and Distance as a multiplier of ATR Value. The Magic Dice also features a unique Magic Number setting, which allows for differentiation between each currency pair.

Robustness and Stability

One of the key advantages of the Magic Dice is its robustness and stability. These characteristics are largely due to the tool’s algorithm, which can be tested through in-sample optimizations and out-of-sample simulations using the MT4 strategy tester. Additionally, the algorithm’s stability can be tested through the use of optimized parameters of a currency pair on another currency pair, known as a Symbol Shift Test.

Backtesting

According to the developers, for optimal results, users should perform a backtest of the Magic Dice to ensure its effectiveness. This will provide a clear picture of how the tool performs under different market conditions. Specifically, the backtest should be conducted with a 99.9% quality for reliable results.

FAQ

What broker is recommended for using the Magic Dice?

The Magic Dice requires a broker with low spread, low slippage, and fast time execution. IC Markets is an example of such a broker.

Can the Magic Dice be used for trading other assets apart from Forex?

Yes. The Magic Dice’s parameters can be used for trading metals, energies, and indices.

What is the purpose of the Magic Number in the Magic Dice?

The Magic Number allows for differentiation between each currency pair, ensuring unique trading strategies for each.

How can the effectiveness of the Magic Dice be tested?

The effectiveness of the Magic Dice can be tested through in-sample optimizations, out-of-sample simulations, and backtesting.

In conclusion, the Magic Dice presents a unique, robust, and stable trading tool for Forex traders. The tool’s focus on low-spread trading conditions and its use of various profitable parameters make it a noteworthy addition to any trader’s arsenal. We invite you to share your experience with this tool. Additionally, you can watch independent testing of the Magic Dice on the forexroboteasy.com website and also subscribe to updates on the product’s testing results. Remember, this review is independent, and it’s always recommended to do your due diligence before incorporating any trading tool into your strategy.