Magical Trend

EA Description.

Magical Trend is a day trading and swing EA that operates on 5-minute and 15-minute charts.
The entry trend is to go long when the MACD line is in the positive range and short when it is in the negative range.
The details of the parameters and logic are not disclosed,
The MACD parameters, short-term MA and long-term MA, are automatically optimized for the 5-minute and 15-minute charts by the internal program.

The EA does not require any detailed parameter adjustment and can be left alone.

The settings are optimized for the GBPJPY, but it works with all currency pairs including the USDJPY. It works on a 15-minute and a 5-minute time frame. One-position EA. Simultaneous operation with other EAs is possible. Please set the magic number so that it will not be shared with other EAs.

There is no significant difference in performance when moved on a 5-minute chart and when moved on a 15-minute chart.

We recommend using the 5-minute chart for those who value agility and the 15-minute chart for those who prefer to trade in a more relaxed manner.

Logic Description
This EA was developed as an EA that can target profits in both trending and ranging markets.
In a trending market, it makes buy/sell decisions by focusing on the value of the short-term MA and the long-term MA.
Usually, the moving average used for MACD is not "Simple Moving Average (SMA)" but "Exponential Smooth Moving Average (EMA)," but MACD equipped as standard in MetaTrader 4 (MT4) uses SMA,
SMA is used. For this reason, the Magical Trend also uses SMA.
In addition, it is common to set MACD parameters as follows: short-term EMA "12," long-term EMA "26," and MACD signal "9." However, this EA does not use the left parameter values, but uses its own parameter values.

When a strong trend occurs, we use the short-term MA and long-term MA to determine the trend in order to maximize profit growth.

Seize the first movement of a trending market and extend profits thoroughly until the market reverses.

If the range market waves do not match, small losses may be repeated

Depending on the size of the wave in a range market, there are times when a small profit is accumulated even in a box market.

When the wave length does not match the wave length in a range market,stop operation or reduce the lot size.

Backtest results on a 5-minute chart of the pound-yen from January 2, 2007 to December 30, 2023, showed a profit factor of 1.26.

Although the win rate is low at 35.70%, the average winning amount is $94.81 while the average losing amount is -41.70, resulting in a risk-reward ratio of more than 2:1.

This makes it an EA that loses steadily and wins with a bang, with small losses and large gains.

Backtest results for the dollar over the same time period showed a profit factor of 1.18.

The backtest result for Euroyen has a profit factor of 1.10.

The backtest result for AUD/JPY has a profit factor of 1.14.

Although there is a slight advantage in cross-yen currencies in general, we do not recommend any currency pair other than the pound sterling and the dollar because they do not match the wavelength of the stable market.

His specialty is high volatility markets (traded during the Lehman Brothers collapse)

Then backtest results in the 2020 Corona market

Supported Brokerage Firms
All servers where MT4 EAs run
Supported brokers other than GMT+2 (winter)/+3 (summer)


Version Upgrade History] Latest version 1.03

1、Addition of sensitivity setting
Please enter your preferred number in the range of 1 to 5.
A higher number will slightly increase the number of entries.

2、Addition of setting to enter only in the long direction
You can select "true" to enter new entries only in the long direction "false" to enter both long and short direction.
Normally, please use the setting for both long and short entries.

3、Addition of a limit setting for the number of consecutive orders
A protection function has been implemented in the event of an infinite loop of orders due to a system bug, etc. The maximum number of consecutive orders can be set in the range of 10 to 150.
You can specify the range from 10 to 150 times.
Normally, the number of new entries by an EA is about 10 times a day at most.
If more than the specified number of orders are placed in a short period of time, the protection function will be activated and no more new orders will be placed.
When the limit is reached, for example by manually closing an order, the count is reset to zero by restarting MT4.
The count reset timing in the program is 3 times: 4:00 (10:00-11:00 Japan time), 11:00 (17:00-18:00 Japan time), and 18:00 (24:00-1:00 Japan time) server time.

4, Added a setting to not submit orders when spreads widen.
Allowable Spread Enter the difference between the Bid and Ask values e.g. 50 => 5 pips
Default MaxSpread = 25

5, Added a setting to temporarily stop automated trading
Set to discretionary mode true Enable auto-trading false
When in discretionary mode, all entry and close orders are stopped.
To start auto-trading again, set to false to enable auto-trading.