The magic number is a unique identifier assigned to each trade made by an Expert Advisor (EA), allowing traders to track and manage their positions within a trading platform. It is a crucial component of forex trading that enables the EA to identify and distinguish between different EAs or strategies running on the same trading platform. Magic numbers are especially useful when trading across multiple timeframes, using the same forex pair.
In MetaTrader 4, the magic number is displayed as Comment in MetaTrader 4. It helps algo traders follow the results of Expert Advisors, especially when trading with more than one EA. A magic number is an order parameter that helps MetaTrader 4 and MQL4 identify orders. It is necessary especially when running different expert advisors.
The magic number is a unique identifier for each trade opened by the automated trading system. It is associated with a particular trade logged by your computer system or trading EA. It allows your program to identify orders between various EAs that may be operating at the same time, or even the same EA that is being used.
In summary, the magic number is a unique identifier assigned to each trade made by an EA, enabling traders to track and manage their positions within a trading platform. It is particularly useful when trading with multiple EAs and when using different expert advisors.
📹 Magic Numbers in MetaTrader Explained
Http://www.onestepremoved.com Have you ever wondered why so many Expert Advisors ask for a magic number input?
What is the 3 digit magic number?
The concept of a three-digit number with two or more different first and last digits is a mystery. By reversing the number, subtracting the smaller from the larger, and adding the two, the result is always 1089. For example, if 452 is reversed, it becomes 254, and subtracting the smaller from the larger, it becomes 198. Reversing and adding the two results in 891 + 198 = 1089, which remains the same regardless of the three-digit number.
What are EA magic numbers?
A magic number is an order parameter utilized by MetaTrader 4 and MQL4 to identify orders, particularly in instances where multiple expert advisors and strategies are operational within a single trading account. This functionality renders the magic number a convenient tool.
What is magic key in Forex?
The device is designed to facilitate trading activities, including leveling, and is equipped with automated lot size calculation and trade protection features. Please be advised that processing may take up to two business days due to the high volume of orders currently being processed. Free shipping is provided to major destinations worldwide, with any applicable fees displayed at checkout.
What is a good magic number?
A Magic Number greater than 0. 75 indicates that a SaaS business generates more recurring customer income than it spends on sales and marketing, suggesting efficient customer acquisition and sustainable growth potential. This positive signal for investors demonstrates solid sales and marketing efficiency, product-market fit, and effective monetization of the customer base. With a Magic Number above 0.
75, it is advisable to focus on developing sales and marketing strategies, allocating resources to SEO, content marketing, and digital advertising. The Magic Number is significant in enabling optimization and reducing client acquisition costs.
What is the most powerful magic number?
Seven, a powerful magical number, played a significant role in the wizarding world due to its connection to mythology, science, and mathematics. Arithmancer Bridget Wenlock, who lived from 1202 to 1285, was the first to establish its magical properties through a theorem. She wrote the theorem on the back of a sugar packet using invisible ink and sent it to her cousin, who mistakenly believed it was on the envelope. This event marked the age when most experts believed magic would reveal itself in a wizard or witch.
Why avoid magic numbers?
Magic numbers are a type of number that can be used in programming to represent a specific value or function. They are often used for different purposes in one section of code, making them easier to understand and modify. However, changing the value of a magic number can be error-prone as it is often used multiple times in different places within a program. Additionally, when two semantically distinct variables or numbers have the same value, they may be accidentally edited together, leading to bugs.
Magic number declarations are placed together at the top of a function or file, facilitating their review and change. They also help detect typos by taking advantage of a compiler’s checking. For example, typing “62” instead of “52” would go undetected, while typing “dekSize” instead of “deckSize” would result in the compiler warning that dekSize is undeclared.
Magic number declarations can reduce typing in some IDEs, as they fill in most of the variable’s name from the first few letters. They also facilitate parameterization, as turning deckSize into a parameter of a procedure would require several changes.
However, when a named constant is not defined near its use, it can hurt the locality and comprehensibility of the code. This can be avoided by relocating the declaration when the constant is only used in one portion of the code. When the constant is used in disparate portions, the remote location may indicate that the same value appears in other parts of the code.
Although magic numbers may be slower to process than the value “53”, most modern compilers and interpreters will notice that deckSize has been declared as a constant and pre-calculate the value 53 in the compiled code. Loop optimization will move the addition so that it is performed before the loop, so there is usually no speed penalty compared to using magic numbers in code.
In some contexts, the use of unnamed numerical constants is generally accepted, although acceptance is subjective and often depends on individual coding habits. Some common examples include:
- The deckSize variable in the first example, which represents the deck size of a Tarot deck, is replaced with 78, causing the algorithm to fail.
- The deckSize variable in the second example, which represents the deck size of a Tarot deck, is changed to deckSize.
- The deckSize variable in the third example is modified to deckSize.
How is magic number calculated?
The magic number in baseball is calculated by subtracting the total number of games from the total wins and losses of the first and second teams. The first team’s magic number is 51. To determine the number of games a team needs to win or lose to secure the title or the next playoff spot, use a magic number calculator. This article also provides information on calculating a batter’s effectiveness at reaching base, batting average, and the value of walks plus hits per inning pitched.
Is Magic Keys worth it?
The Magic Keys at Disney Parks offer various discounts on park visits, parking, and merchandise. The Enchant Magic Key costs $25 per park visit and 10 off select food and merchandise. The Believe Magic Key costs $4 per park visit and 50 off standard parking. The Dream Key costs $6 per year and 15 off select dining, 20 off select merchandise, and free parking for every visit. The Imagine Key is only available for Southern California residents living in zip codes 90000 to 93599.
To save money, get a Dream Key for one family member who goes each trip, obtaining the highest parking and merchandise discounts, and a lower priced Magic Key for the rest. Reservations can be made for blockout days when all keys align with the desired dates. In addition to park and parking discounts, Magic Keys also provide discounts at World of Disney and other food and merchandise in Downtown Disney.
What is magic number in MetaTrader?
In MetaTrader, the Magic Number is a property of each trade and pending order, defaulting to 0 but can be set to any numeric value by Expert Advisors. The purpose is to allow each Advisor to recognize its own trades and orders by looking at their Magic Numbers. This is sometimes necessary to prevent conflicts between multiple Expert Advisors creating trades with the same Symbol name. For example, if Expert Advisor A creates EURUSD trades with Magic Number 123 and another Expert Advisor B creates EURUSD trades with Magic Number 456, the list of trades in MetaTrader may not recognize which trade is created by which Expert Advisor. However, sometimes, the Symbol name alone is enough to separate the trades, ensuring that both Expert Advisors work properly and do not interfere with each other.
How do I activate magic number?
In order to activate the Magic Number, the user must first dial *550, then select option 8 for More, and finally choose option 1 for Magic Number. Once this has been done, the user should follow the subsequent prompts in order to complete the activation process.
Why 7 is a magic number?
The number seven is often associated with the divine soul, the pure spirit, and the great explorer. It represents perfecting human nature by joining the Holy Trinity and Earthly Elements, reconciling the physical and spiritual realms. The number seven is also the number of the pyramid, formed by a triangle on a square base. People with the number seven are considered mystic, excellent thinkers, idealists, and explorers. They are meditative, intuitive, sensible, and prone to magical forces, thinking, and codes. They understand human nature and are not deceived by appearances.
📹 Understanding The Magic Number
Understanding The Magic Number Automated Forex Software https://the-best-forex-ea.com/ AI (Automated Intelligence) is the way …
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