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Magic FX Formula

Published: 10.10.2014
Reading time: 8 minutes
12
54638

Magic FX Formula is a very simple and the universal indicator which can be used on any timeframe and any currency pair. According to the author Magic Fx Formula indicator highly profitable even if trade only a few hours a day.

Characteristics of Magic Fx Formula

Rules of trade by Magic Fx Formula

Open a Long position when indicator displays “BUY” on chart and at the same time has appeared a green circle:

magic-fx-formula-buy-signal

Open a Short position when indicator displays “SELL” on chart and at the same time has appeared a red circle:

magic-fx-formula-sell-signal

Stop Loss should be installed a few pips below the local minimum for Buy and a few pips above the local maximum for Sell.

Exit of position can be carried out with the appearance of the opposite signal or at achievement of Take Profit.

A small video demonstration of the indicator in real time:

In the archives Magic_Fx_Formula.rar:

  • Magic Fx Formula.ex4
  • Magic Fx Formula.mq4
  • Magic Fx Formula.tpl
  • Magic Fx Formula Manual.pdf

Free Download Magic Fx Formula

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Author:
Daniel
My name is Daniel Alard. Already more than 17 years, I trade the forex market. Began my acquaintance with forex back in 2007. Even then, I'm an ambitious young man dreamed of becoming a successful trader and gain financial independence with the help trading...
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Comments:
  • Ase
    Published: 11.02.2016 Reply to the message

    No damn Indi to be found what is this

    • Gerhard
      Published: 09.03.2016 Reply to the message

      1) What do you mean Stop Loss should be installed a few pips below the local minimum for Buy.
      Is it a few pips below the candle of the signal or the previous swing low.
      2) Exit of position can be carried out with the appearance of the opposite signal or at achievement of Take Profit. Opposite signal is clear but how do you determine take profit othewise

  • winfx
    Published: 11.03.2016 Reply to the message

    why the circle does not appear in the chart mt4? pls

  • Gh Ghanim
    Published: 15.04.2016 Reply to the message

    Thank you for this indicator

  • Curtis
    Published: 12.05.2016 Reply to the message

    i cannot get the circles to appear at all. And im confused on if we should use the template or the indicator.

  • Kwadwo
    Published: 14.03.2017 Reply to the message

    Wow. Made 743pips on EURJPY from 12:45GMT @112.405 to 23:15GMT. I made this trade during lunch and closed it after work. It was SELL (SHORT). Just one trade, have made $6478.96 1pip=$8.720 with my broker. Anyway SL was set. THANKS DANIEL

  • Kwadwo
    Published: 23.03.2017 Reply to the message

    This indicator is really good. I made $828.34 on EUR/JPY and $414.67 on AUD/JPY all on SELL option 23rd March 2017. Indicator is 1H timeframe. Only 1 or 2 trades a day depending on the signal and chart history. I tested this indicator for 2.5months on a demo account and recorded every trade and realised it works very well on this two currencies. No trade was lose for this currencies. THANKS DANIEL L.

    • on which time frame
      Published: 07.12.2017 Reply to the message

      nid to knw th best timeframe

  • Arlon Mortiga
    Published: 20.08.2019 Reply to the message

    I cannot open the file. There is no file content after downloading.

  • Novax
    Published: 01.09.2019 Reply to the message

    "Magic Fx Formula" is just a renamed "BBands Stop" indicator with Length=9 & Deviation=4

  • Dan
    Published: 16.01.2025 Reply to the message

    download link not working

    • Daniel
      Published: 16.01.2025 Reply to the message

      Please, use Mirror

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