MagicWay is an automatic trading system designed for Forex traders who want to optimize their trading strategies and improve their trading results. This system utilizes patterns in the behavior of three currency pairs, allowing market trading transactions of these instruments to complement each other and work towards a common goal. With default settings that are suitable for beginners, MagicWay offers a user-friendly experience for both novice and experienced traders.
Key Features
1. Multi-Currency Expert Advisor: MagicWay works on multiple currency pairs simultaneously when installed on one chart. By setting it to a minute chart, preferably the chart of the first currency pair from the provided list, the system can efficiently analyze and execute trades.
2. Supported Currency Pairs: The default settings of MagicWay are optimized for the AUDNZD, NZDCAD, and AUDCAD currency pairs. These pairs are already registered in the advisor settings. If your broker uses postfixes for instrument names, you can easily add them to the EA settings.
3. MT5 Version Available: For those interested in testing the Expert Advisor in multi-currency mode, a version for MT5 is also available. This version supports features that are not compatible with MT4.
Installation and Testing
To install MagicWay, simply open a chart of any trading instrument, preferably AUDNZD, NZDCAD, or AUDCAD, on the 1-minute timeframe. From the MT5 Navigator, drag the EA onto the chart and allow trading. If necessary, load the settings .set file and click OK to start the system. MagicWay will then begin monitoring the market conditions and executing trades based on its predefined parameters.
For testing purposes, it is recommended to start from 2015 to ensure the quality of quotes closely resembles real market conditions. You can test the system using either “Each tick based on real ticks” or OHLC on M1. Additionally, you have the option to test on synthetic ticks in the “All ticks” mode.
FAQ
1. What are the supported currency pairs for MagicWay? MagicWay is optimized for trading the AUDNZD, NZDCAD, and AUDCAD currency pairs. These pairs are already registered in the advisor settings.
2. Can I use MagicWay on MT5? Yes, there is a version of MagicWay available for MT5, which supports multi-currency mode.
3. How do I install MagicWay? To install MagicWay, open a chart of any trading instrument, preferably AUDNZD, NZDCAD, or AUDCAD, on the 1-minute timeframe. Drag the EA onto the chart from the MT5 Navigator and allow trading.
4. Can I customize the settings of MagicWay? Yes, MagicWay offers various customizable settings that cater to different trading styles, including aggressive and conservative approaches. Contact the developer for more information on accessing additional settings.
Conclusion
MagicWay is a reliable automatic trading system that utilizes patterns in the behavior of three currency pairs to optimize trading strategies. With its multi-currency capabilities and user-friendly interface, MagicWay is suitable for both novice and experienced Forex traders. By following the installation instructions and conducting thorough testing, traders can assess the system’s performance and make informed decisions based on the results.
For independent testing of MagicWay and updates on its performance, visit forexroboteasy.com. Share your experience with MagicWay and join the community of traders who have benefited from this professional Forex trading system.
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