Thursday, July 14, 2022

What is magic number ea mt4

What is magic number ea mt4


what is magic number ea mt4

03/11/ · While viewing the trades in the history tab of MT4 put the mouse pointer over the trade and it will show you the magic number. Some times I have to move the cursor across the trade and pause a couple of times before the box pops up. You can also right-click and use the 'save as a report' feature 28/12/ · 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 24/07/ · In МТ4, the situation has cardinally changed. Now, trader can use a great variety of functions and fully manage all open positions and placed orders and get access to information about any closed positions. A special parameter named MagicNumber was added to identify orders. This is the parameter our article will deal with. 2. What Is MagicNumber?



MagicNumber: "Magic" Identifier of the Order - MQL4 Articles



When a trade is opened by an Expert Advisora magic number can be associated with the trade. The MQL function used to open a trade is called OrderSend. The OrderSend function can be what is magic number ea mt4 to configure, what is magic number ea mt4. 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 ofand 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, what is magic number ea mt4, 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 what is magic number ea mt4 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.


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Leave this field empty. Education MetaTrader Magic Number by David Williams — October 11, MetaTrader What is magic number ea mt4 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 what is magic number ea mt4. 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, what is magic number ea mt4. expiration — Order expiration time for pending orders only.


For example, suppose you have this situation: What is magic number ea mt4 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 what is magic number ea mt4 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. How to get the Magic Number of a Trade using VTS The VTS function fnGetOrderInfo is used to get the magic number, or many other values, from an open trade.


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What are Magic Numbers In Metatrader 4?

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Magic Number Forex - The Forex Expert Advisor - EA Trading Academy


what is magic number ea mt4

11/10/ · A magic number is used to identify a trade. 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 24/07/ · In МТ4, the situation has cardinally changed. Now, trader can use a great variety of functions and fully manage all open positions and placed orders and get access to information about any closed positions. A special parameter named MagicNumber was added to identify orders. This is the parameter our article will deal with. 2. What Is MagicNumber? 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 usage: You have two EA trading EURUSD To permit each EA to recognize trades that "belong to it" set a different magic number (ID) with each EA

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