· The magic number is a MetaTrader concept used to track the open positions of an expert advisor. The concept allows the EA to distinguish the trades that it opened versus those that it did not. Every car has a license plate. When you see a car in a different state or even a different country, you know that every plate that you see is blogger.comted Reading Time: 3 mins · Today we will talk about the magic number, which you will find in every EA(expert advisor) in metatrader4 and metatrader5 as well. Many people don't know what this number means and what to do with it. After this article you will find out that it is very simple to use this feature. This is the magic number and where to find it. Actually it's an identifier for each trade 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
MetaTrader Magic Number -
A magic number is an identifier that you can assign to an order in MetaTrader 4 using the MQL4 language, what is magic number in forex ea. When working with scripts, indicatorsand 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, what is magic number in forex ea. 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, what is magic number in forex ea, 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 what is magic number in forex ea 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, what is magic number in forex ea, with this function, you associate a magic number with the order you are opening. When you select an order with OrderSelectyou 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.
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Apa itu Magic Number pada EA
, time: 17:29Magic Number - Algorithmic and Mechanical Forex Strategies | OneStepRemoved
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 · A magic number on MT4 is a unique number that is used by Expert Advisors to track open positions. Just as a license plate allows you to track not only the state a vehicle belongs to but even the individual who owns it, an EA uses the magic number to distinguish trades that it has opened, as compared to those it has not · The Magic number Forex is used when we connect our trading account with the statistical website to track the results. Also, when we have many Expert Advisors trading in one account, and we look at the History, we use the Magic Number Forex to recognize which is the EA that opened the trade
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