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Mt4 magic number

How to Use Magic Number in MT4,What’s the Purpose of Identifying a Trade with 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 22/02/ · I don't know much but I'm pretty sure that Magic Numbers are trade identifiers used in EA's I think what you are looking for is to add a Unique ID to an existing indicator Maybe if 11/10/ · So now that you can get a trade’s magic number, you can execute a specific trade exit based upon the magic number. You can do this using basic if-then logic: if mymagic is 31/05/ · Download:blogger.com?id=1MzqFxtIisaZqBUL47lXs8IE2MwQhTsYrสนใจสั่งซื้อติดต่อEmail 13/05/ · Since MetaTrader 4 doesn't show you the Magic Numbers associated to the orders it might be difficult to manage orders automated through expert advisors. Show Magic ... read more

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 Your email address will not be published.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.

It would help if you had something that stands apart. Your bulletproof savior in the above situation is a MetaTrader magic number.

The platform assigns a specific number to each trade as soon as it is opened. The EA will now follow these unique numbers instead of the currency pair to track the trade. For example, the trend-following EA may follow the magic number, while the other EA might chase the magic number Thus, we can conclude that you can use these magic numbers to separate orders across different timeframes and strategies, especially when using the same currency pair. It makes EA more operational by allowing it to use its potential.

The magic number for the trades that are opened manually is zero, but the trades that are opened on the MT4 platform, using an EA, are assigned unique numbers that can range from 0 to These numbers can help you in finding open trades.

The MQL language uses OrderSend to open a trade. OrderSend is a function that is based on multiple parameters, the magic parameter being one of them. When a trade is opened by an EA using this function, a magic number is automatically assigned to the trade, known as OrderMagicNumber.

The more you use it, the more familiar you get with it. All you need to do us to run OrderMagicNumber in an order selection loop. Select a trade by suing OrderSelect. This will allow you to run the OrderMagicNumber for your chosen trade. It is a fairly easy technique to understand. For example:. MT4 is a user-friendly platform that various brokers offer to their clients.

Its codes are not as complicated as compared to other platforms. Yes, it does take some time to get used to it, but such is the case with anything new that you use. Along with EAs and magic numbers, it has various other features to maximize your profits.

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. If you want to get news of the most recent updates to our guides or anything else related to Forex trading, you can subscribe to our monthly newsletter.

Technological advancement has proven to be one of the contributing factors to the increase in trading. Since everything can be done online, many traders and brokers are giving trading a chance. You can remotely trade from any part of the world.

Online trading had simplified the process, to begin with, but the coming up of the MetaTrader platform made trading even better. As a platform, the MetaTrader has simplified trading by eliminating emotions. The expert magic number represents the MetaTrader concept to track open positions generated by the Expert Advisor. Using an expert magic number, EA can mark each position by number and distinguish the opened trades versus trades that did not open.

The expert magic number can be any unique number, and they are license plates for EAs. The MT4 platform generates a magic number employed by Expert Advisors EA to track open positions. This allows the EA to manage trades in a better way.

Still, confused? The latter allows the authority to identify the state from where the vehicle has come from and know about the exact individual who owns it. The expert magic number does a similar job. It helps the EA differentiate between the trades that have been opened by it to the ones that it has still not opened.

This analysis allows the EA to manage the account in a better way. Many traders use the same Forex pair to trade across multiply timeframes. You will need two EAs to track these two different time frames.

Here, the first EA will be trend following as it is tracking the one-hour chart and the other one is scalping as it is chasing a minuet chart.

It is clear from the example that you should manage trades differently when you are using different timelines. The above example is a testimony that, along with your general stop-loss exits and takes profit, you need to run channel stops for one trade and trailing stops for the other. In such cases, you will end up in a chaotic mess if you use only the currency pair to identify different trades because the currency pair is standard across the channels.

It would help if you had something that stands apart. Your bulletproof savior in the above situation is a MetaTrader magic number. The platform assigns a specific number to each trade as soon as it is opened. The EA will now follow these unique numbers instead of the currency pair to track the trade. For example, the trend-following EA may follow the magic number, while the other EA might chase the magic number Thus, we can conclude that you can use these magic numbers to separate orders across different timeframes and strategies, especially when using the same currency pair.

It makes EA more operational by allowing it to use its potential. The magic number for the trades that are opened manually is zero, but the trades that are opened on the MT4 platform, using an EA, are assigned unique numbers that can range from 0 to These numbers can help you in finding open trades.

The MQL language uses OrderSend to open a trade. OrderSend is a function that is based on multiple parameters, the magic parameter being one of them. When a trade is opened by an EA using this function, a magic number is automatically assigned to the trade, known as OrderMagicNumber. The more you use it, the more familiar you get with it. All you need to do us to run OrderMagicNumber in an order selection loop. Select a trade by suing OrderSelect. This will allow you to run the OrderMagicNumber for your chosen trade.

It is a fairly easy technique to understand. For example:. MT4 is a user-friendly platform that various brokers offer to their clients. Its codes are not as complicated as compared to other platforms. Yes, it does take some time to get used to it, but such is the case with anything new that you use. Along with EAs and magic numbers, it has various other features to maximize your profits. Privacy Policy. Home Choose a broker Best Forex Brokers Learn trading Affiliate Contact About us. Home » Platforms » Metatrader » Expert Magic Number in MT4.

What is the MT4 Expert Magic Number? Author Recent Posts. Trader since Currently work for several prop trading companies. Latest posts by Fxigor see all.

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MQLTA Show Magic Numbers,How to Get the Magic Number of an Open Trade

29/06/ · The safest way to filter trades is using magicnumbers and filtering by symbol. I have EAs loaded onto several accounts. I also wanted to trade manually within those accounts or 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 MQL4 Reference Trade Functions OrderMagicNumber OrderMagicNumber Returns an identifying (magic) number of the currently selected order. int OrderMagicNumber(); 13/05/ · Since MetaTrader 4 doesn't show you the Magic Numbers associated to the orders it might be difficult to manage orders automated through expert advisors. Show Magic 11/10/ · So now that you can get a trade’s magic number, you can execute a specific trade exit based upon the magic number. You can do this using basic if-then logic: if mymagic is 22/02/ · I don't know much but I'm pretty sure that Magic Numbers are trade identifiers used in EA's I think what you are looking for is to add a Unique ID to an existing indicator Maybe if ... read more

The expert magic number represents the MetaTrader concept to track open positions generated by the Expert Advisor. Here is the actual definition of OrderSend directly from the MetaEditor help file :. The image size that can be x pixels, so you can save a horizontal image that shows the price movement history. If you have suggestions to improve it please send me a me. a password will be sent to this email.

The Supertrend Line indicator shows you the trend using calculation based on the ATR. Trade Copier is a professional utility designed to copy and synchronize trades between trading accounts, mt4 magic number. Market order or limit order on either side with factored spread. 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 mt4 magic number opened. See this link for an example of the EA input window and the VTS Input Manager window. You can then be notified when the price. Expand the standard terminal capabilities with this dashboard.

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