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 02/12/ · Magic number Forex - The Expert Advisors is a free lecture from Algorithmic day trading – Top 10 USDJPY Expert Advisors. Enroll here: https://eaforexacademy 20/07/ · What can be said about the individuality of the Magic number , such Magic is uses by almost half of the developing fraternity. The second half uses the Magic number 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 26/10/ · Depends on the EA - some use zero both ways - zero for manual trades only or zero to disable specific number matching and apply to any order ... read more
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Sign in. US Edition UK Edition Scottish Sun Irish Sun. Home News Entertainment Lifestyle Money Health Sport Tech Travel Motors. 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.
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 trade is called OrderSend. The OrderSend function can be difficult to configure. OrderSend has many parameters, one of them is named magic. When your Expert Advisor uses the OrderSend function to open an order, you set the magic parameter to a unique number that you can use later to identify the trade.
Here is the actual definition of OrderSend directly from the MetaEditor help file :. This means the magic parameter is optional: it does not need to be defined. Furthermore, when it is not defined, it will get the value of 0. By the way, trades opened manually not by an EA always have a magic number value of 0.
This is good to know hen you write your Expert Advisor. The main purpose of tagging your trade with a Magic number is so you can manage the trade based upon the circumstances under which it was opened. For example, suppose you have this situation:. Aside from the standard stoploss and takeprofit exit, you may want to run a trailing-stop on one trade and a channel-stop on the other. This is where the magic number comes in. If a unique magic number was used when these trades were opened, it can now be used to identify what EA opened the trade.
For example, the scalping EA could use a magic number of , and the trend-following EA can use a magic number of There is an MQL function named OrderMagicNumber that will get the magic number of a trade. The function OrderMagicNumber must be run in an order selection loop. The MQL function OrderSelect is used to select a trade. After a trade has been selected, the OrderMagicNumber function is used to get the magic number. Typically the MQL function OrdersTotal is used to cycle through all of the open trades for the account.
Here is an MQL code sample:. Incidentally, this same technique is used to get just about any information about a trade: stoploss, takeprofit, open time, open price, etc. Also, the trade history of an account can be queried in the same way. You can get all of the same information about closed trades. You can do this using basic if-then logic:.
In VTS, an input variable named MagicNumber is created with every system. See this link for an example of the EA input window and the VTS Input Manager window.
Here is an image of the magic parameter on the VTS fnOpenOrder function configuration. Note, it is on the advanced tab:. Since you can set the magic parameter on the VTS fnOpenOrder function to any value, not just the MagicNumber variable, the capability to utilize a magic number within VTS is very flexible.
You may have noticed the comment parameter. The comment parameter of OrderSend is used to add a text comment to a trade. Note: you have to be careful if you want to use the comment value to identify a trade because the value can be change by the broker. Actually, it is changed anytime the trade is modified. Anyway, it can be extremely handy to see the magic number of a trade in the MetaTrader platform.
So by default, VTS sets the name of the EA and the magic number into the comment parameter. This way, you can visually see how your trades were opened in the MT platform. Here is an image of an open trade in the Trade tab:. The VTS function fnGetOrderInfo is used to get the magic number, or many other values, from an open trade.
See this link on how to use fnGetOrderInfo and the different values you can get from the function. The fnGetOrderInfo generates all of the MQL code for the order selection loop and returns the requested value. Your email address will not be published. Your Website. Save my name, email, and website in this browser for the next time I comment. Leave this field empty. Education MetaTrader Magic Number by David Williams — October 11, MetaTrader Magic Number A magic number is used to identify a trade.
The OrderSend function can be difficult to configure OrderSend has many parameters, one of them is named magic. cmd — Operation type. It can be any of the Trade operation enumeration. volume — Number of lots. price — Preferred price of the trade. slippage — Maximum price slippage for buy or sell orders. stoploss — Stop loss level. takeprofit — Take profit level. comment — Order comment text. Last part of the comment may be changed by server. magic — Order magic number. May be used as user defined identifier.
expiration — Order expiration time for pending orders only. For example, suppose you have this situation: You are running 2 Expert Advisors: one on a EURUSD 1-hour chart and the other on a EURUSD minute chart. One EA is a scalping EA and the other is a trend-following EA. Each of these EAs has 1 open trade.
How to Get the Magic Number of an Open Trade There is an MQL function named OrderMagicNumber that will get the magic number of a trade. You can do this using basic if-then logic: if mymagic is equal to run a trailing stop if mymagic is equal to run a channel stop Using Magic Numbers in VTS In VTS, an input variable named MagicNumber is created with every system. The MagicNumber variable is defined and configured in the VTS Input Manager. The MagicNumber variable appears on the input tab when you start the EA, so it can be set each time the EA is run.
The default value of the magic parameter for all OrderSend functions in VTS is the variable MagicNumber Note that the OrderSend function in VTS is called by the user-friendly VTS function fnOpenOrder.
Note, it is on the advanced tab: Magic Number Parameter on fnOpenOrder OrderSened Since you can set the magic parameter on the VTS fnOpenOrder function to any value, not just the MagicNumber variable, the capability to utilize a magic number within VTS is very flexible.
Color of the opening arrow on the chart.
2 days ago · MAGIC NUMBER I’m a numerology expert – the real reason Khloe Kardashian kept going back to cheating Tristan Thompson. Josie Griffiths; Kerry King; ET, Sep 1 ; 26/10/ · Depends on the EA - some use zero both ways - zero for manual trades only or zero to disable specific number matching and apply to any order 02/12/ · Magic number Forex - The Expert Advisors is a free lecture from Algorithmic day trading – Top 10 USDJPY Expert Advisors. Enroll here: https://eaforexacademy 20/07/ · What can be said about the individuality of the Magic number , such Magic is uses by almost half of the developing fraternity. The second half uses the 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 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 ... read more
You are missing trading opportunities:. Many traders use the same Forex pair to trade across multiply timeframes. Can I use the magic number to make the EA manage the trades I open manually? Frequently, in order to construct a nice looking diagram, it is necessary to organize the data output into a file, after which it is used in applications such as MS Excel. Aside from the standard stoploss and takeprofit exit, you may want to run a trailing-stop on one trade and a channel-stop on the other.A Library for Constructing a Chart via Google Chart API The construction of various types of diagrams is an essential part of the analyses of the market situation and the testing of a trading system. Was I clear? In the cycle we call up the class method, expert magic number, which inputs the ticket values of the transactions into a specially prepared buffer. Many of them use the similar smoothing methods, but expert magic number performances of different moving averages algorithms have not been studied. Since you can set the magic parameter on the VTS fnOpenOrder function to any value, not just the MagicNumber variable, the capability to utilize a magic number within VTS is very flexible. All you need to do us to run OrderMagicNumber in an order selection loop.