A magic number is an identifier for the orders. Basically, when you open an order in MetaTrader 4 using MQL4 code, you can associate the order to a number. The same magic number can 31/03/ · 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 11/10/ · A magic number is used to identify a trade. When a trade is opened by an Expert Advisor, a magic number can be associated with the trade. The MQL function used to open a 14/07/ · What is magic number ea mt4 24/07/ · Solution: The expert must assign a unique, non-zero MagicNumber to the position being opened. In future, it must manage only 24/07/ · In МТ4, the situation has cardinally changed. Now, trader can use a great variety of functions and fully manage all open positions and placed orders and get access to information ... read more
or not? Do I set the same magic number at different currencies? What happens if a set the same one? Can I use the magic number to make the EA manage the trades I open manually? I want what is magic number ea mt4 understand what is magic number. Thanks for any information. Learn how to design a trading system by RSI Magic Number The Only Pivot.
Magic number is intended to be used for trade identification. Implementation varies. 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.
Learn how to design My robot can't execute Quick way to test. Thank you. But if I have only one EA, two EURUSD charts at different time frames? Each window, independently of the currency or time frame, need your own magic number to MetaTrader identify in what trade act? I am not talking about code. I am talking about the magic number to complete when I drag the EA from navigator window to chart window.
Was I clear? sorry the poor english. Learn how to design General EA Questions Questions from Beginners MQL5. Erman Ardianto. I believe Phy can solve your problem better, what is magic number ea mt4 , but I was using Period as a magic number in case like that.
Then it is simple? I just have to determinate a number I choose each chart window? Probably "0" You could use the Comment to identy manual trades, and add a test for specific comment in the EA. Rashid Umarov. See article MagicNumber: "Magic" Identifier of the Order. I apply same EA for all the five charts same EA for all the five currencies.
Do I need what is magic number ea mt4 change the magic number of the EA for each chart each currency? Thanks -Chandra. You are missing trading opportunities:. Registration Log in. latin characters without spaces, what is magic number ea mt4. a password will be sent to this email. Log in With Google.
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It is important to be able to manage the different orders running under different strategies and that is why you need a magic number! A magic number is an identifier for the orders. Basically, when you open an order in MetaTrader 4 using MQL4 code, you can associate the order to a number. The same magic number can be used in many orders.
Of course, you could generate a different magic number for each order, but this wouldn't be helpful as you will see in the next section. At the start of your trading journey, you probably deal with only one or few orders at a time. As your experience grows, you may increase the number of open orders or strategies that you are using at the same time. When you automate your trading through MQL4, using a magic number is necessary to select which orders to work with.
One expert advisor is a scalper working better on a minute chart, while the other one is more suitable for a 1-hour chart. If the expert advisors are coded properly, you will be able to assign different magic numbers to the orders opened by the two expert advisors. Using two different magic numbers will allow the expert advisors to work only on their own trades.
MetaTrader 4 does not allow to work with magic numbers via its normal interface for manual trading. You can work with magic numbers when coding your own tools in MQL4 like explained further in this guide. However, not everyone is capable of coding or has enough time to spend on it. It is for this reason, that we created a tool that can help you significantly with this aspect of trading. One-Click Trade Pro for MT4 is a free order management panel that allows you to submit orders associating them to a magic number.
It can also show you magic numbers of your open orders. When you open an order with the OrderSend function, one of the optional parameters is a magic number. So, with this function, you associate a magic number with the order you are opening.
When you select an order with OrderSelect , you can retrieve the magic number for the selected order using the function OrderMagicNumber.
When you code an expert advisor or a script that opens and updates orders, I would suggest to always use a magic number. The example below shows you some code that you should include in your programs to allow you or other traders to specify a magic number for the code running.
A magic number is an identifier that you can assign to an order in MetaTrader 4 using the MQL4 language. When working with scripts, indicators , and expert advisors in MetaTrader 4, you may arrive to a stage where you manage many orders at the same time.
It is important to be able to manage the different orders running under different strategies and that is why you need a magic number! A magic number is an identifier for the orders. Basically, when you open an order in MetaTrader 4 using MQL4 code, you can associate the order to a number.
The same magic number can be used in many orders. Of course, you could generate a different magic number for each order, but this wouldn't be helpful as you will see in the next section. At the start of your trading journey, you probably deal with only one or few orders at a time. As your experience grows, you may increase the number of open orders or strategies that you are using at the same time. When you automate your trading through MQL4, using a magic number is necessary to select which orders to work with.
One expert advisor is a scalper working better on a minute chart, while the other one is more suitable for a 1-hour chart. If the expert advisors are coded properly, you will be able to assign different magic numbers to the orders opened by the two expert advisors. Using two different magic numbers will allow the expert advisors to work only on their own trades. MetaTrader 4 does not allow to work with magic numbers via its normal interface for manual trading.
You can work with magic numbers when coding your own tools in MQL4 like explained further in this guide. However, not everyone is capable of coding or has enough time to spend on it.
It is for this reason, that we created a tool that can help you significantly with this aspect of trading. One-Click Trade Pro for MT4 is a free order management panel that allows you to submit orders associating them to a magic number. It can also show you magic numbers of your open orders. When you open an order with the OrderSend function, one of the optional parameters is a magic number. So, with this function, you associate a magic number with the order you are opening.
When you select an order with OrderSelect , you can retrieve the magic number for the selected order using the function OrderMagicNumber. When you code an expert advisor or a script that opens and updates orders, I would suggest to always use a magic number. The example below shows you some code that you should include in your programs to allow you or other traders to specify a magic number for the code running. All our expert advisors are capable of using magic numbers for assigning to orders, for filtering orders, or for both.
A magic number is an order parameter that helps MetaTrader 4 and MQL4 identify orders. A magic number is necessary especially when running different expert advisors and different strategies in the same trading account. MQL4 makes it very easy to work with magic numbers.
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How to Use Magic Numbers in MT4? How to Use Magic Numbers in MQL4?
14/07/ · What is magic number ea mt4 24/07/ · Solution: The expert must assign a unique, non-zero MagicNumber to the position being opened. In future, it must manage only 11/10/ · A magic number is used to identify a trade. When a trade is opened by an Expert Advisor, a magic number can be associated with the trade. The MQL function used to open a 16/03/ · Simple example for those 4x Client EA’s would be to use magic numbers like 11, 12, 13 and 14 respectively. Also, if you use 3rd party EA’s on the same MT4 account, make sure 24/07/ · In МТ4, the situation has cardinally changed. Now, trader can use a great variety of functions and fully manage all open positions and placed orders and get access to information 31/03/ · 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 Example: if(OrderSelect(10,SELECT_BY_POS)==true) Print("Magic number for the order 10 ", OrderMagicNumber()); else. Print("OrderSelect returned error of ",GetLastError()); OrderLots ... read more
Since everything can be done online, many traders and brokers are giving trading a chance. Working with Files. But there are some important things to know about the Magic Number on the Client EA. Recent Posts MAAB Trade Filter: Copy Master Account Only When It Is Making Profits Reverse Trading Secrets: How To Grow Live Account With A Losing Strategy How to Lock Profit on MT4? Close Menu Home FREE Guide How It Works Features Pricing Video Tutorial Blog Contact Us. slippage — Maximum price slippage for buy or sell orders. Newer Post Older Post Home.
Last comments Go to discussion 4. The same magic number can be used in many orders. The high degree of leverage can work against you as well as for you. What determine wich magic number to use? Magic number is one way to do that, what is magic number ea mt4, although a good EA will use other methods as well such as currency pair checking. When you code an expert advisor or a script that opens and updates orders, I would suggest to always use a magic number. Andrey Khatimlianskii.