iceage100 Posted February 22, 2010 Report Share Posted February 22, 2010 Re: (req) Magicbreakout just did a backtest again on both usd/jpy and gpb/usd with data from 2000.1.1 to 2009.12.31 with $10000 deposite. the results show that usd/jpy has a much smoother graph than gpb/usd and more profitable (10 times more!). but both have very big drawdown and it seems that only from mid 2008 the system starts to make money consistently. the account balance was cut down to less than $500 for gpb/usd somewhere in jun 2002 and less than $2000 for usd/jpy. with true money management, any system with win rate over 50% will make money for sure as time goes by. but the problem is the london breakout strategy doesn't guarantee more than 50% win rate all the time. Quote Link to comment Share on other sites More sharing options...
hermanhess Posted February 22, 2010 Author Report Share Posted February 22, 2010 Re: (req) Magicbreakout Hi iceage, Thank you for your great input. The UJ is the most profitable pair. Actually i coresponded with the creator, he claims its been traded live since it was released two years ago. In regards the drawdown it depends on the amount risked on each trade. If the system is profitable in the long run and you have a broker who allows very small lots say micro or even better nanolots you can even risk 10% or 15% per trade and come out way ahead. You jut need to avoid the risk of ruin and if the system has a positive expectancy you're way ahead of the game. Lets say for illustration sake the system has a positive expectancy and you start out with say $500 (just an example) and risk 15% a trade. From your back test you need to find the max losers in a row and multiply that by 1.5. Now if after this number of losers your broker has a lot size small enough so you can take the next trade you should be ok. What I mean to say if the system has a positive expectancy and ur broker allows very small lot sizes (you're not put out of business) then you'll come out a winner and a very big winner at that the more you risk. From ur backtest can u please tall us the max losers in a row for the Uj pair please. Quote Link to comment Share on other sites More sharing options...
iceage100 Posted February 22, 2010 Report Share Posted February 22, 2010 Re: (req) Magicbreakout hi hermanhess, here is the test results. http://www.multiupload.com/8OZIG1CWFK Quote Link to comment Share on other sites More sharing options...
hermanhess Posted February 23, 2010 Author Report Share Posted February 23, 2010 Re: (req) Magicbreakout hi hermanhess, here is the test results. Hi Iceage, Well as per what you said it appears profitable for the last two years, well that seems ok for the current time. i think if we were to start with a small account and risk 10% a trade on a broker who allows nanolots it may just work out ok. Quote Link to comment Share on other sites More sharing options...
iceage100 Posted February 24, 2010 Report Share Posted February 24, 2010 Re: (req) Magicbreakout hi hermanhess, yes, it's very profitable for the last two years. the automated backtest may not be so accurate since the system requires us to avoid trading when critical news is about to be released. probably it's a good idea to try it on a demo account first. :) Quote Link to comment Share on other sites More sharing options...
plypun Posted February 24, 2010 Report Share Posted February 24, 2010 Re: (req) Magicbreakout I waiting for this system.This system is the good one. Quote Link to comment Share on other sites More sharing options...
cnuse Posted May 6, 2010 Report Share Posted May 6, 2010 Anyone gets this system? Quote Link to comment Share on other sites More sharing options...
Acerinvest Posted May 6, 2010 Report Share Posted May 6, 2010 It is available for free from: http://www.magicbreakout.com/plus Quote Link to comment Share on other sites More sharing options...
Acerinvest Posted May 6, 2010 Report Share Posted May 6, 2010 Sorry. It is on: http://www.magicbreakout.com/MagicBreakout.pdf Quote Link to comment Share on other sites More sharing options...
osaze Posted May 6, 2010 Report Share Posted May 6, 2010 It is available for free from: http://www.magicbreakout.com/plus does anyone haqve this system??? pls share Quote One obvious truth.FOREX IS ANYTHING BUT EASY Link to comment Share on other sites More sharing options...
cnuse Posted May 7, 2010 Report Share Posted May 7, 2010 Please share the indicators.Thanks. Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted May 8, 2010 Report Share Posted May 8, 2010 Does anyone have the MagicBreakout PLUS Package and indicators??? Please share. Quote Link to comment Share on other sites More sharing options...
4xinvestor Posted May 8, 2010 Report Share Posted May 8, 2010 indicators are available everywhere...nothing special about them. the MAGICENTRY.ex4 would be real nice to have though Quote Link to comment Share on other sites More sharing options...
pray624 Posted May 23, 2010 Report Share Posted May 23, 2010 This seems to be an interesting and effective system. Can someone share the Plus package including the indicators and magic entry. Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted May 31, 2010 Report Share Posted May 31, 2010 Will someone please share the PLUS system and indicators? Quote Link to comment Share on other sites More sharing options...
Raven Posted June 2, 2010 Report Share Posted June 2, 2010 Anyone managed to get the plus indicators yet ? Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted June 2, 2010 Report Share Posted June 2, 2010 shocked that no one has shared. It's not like it costs $3000 like some of the other ones... Oh well, I guess we will never know the secret to the amazing 5400% per year... too bad; I coulda used that 5400% per year to become a billionaire. :-( ;-) Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted June 10, 2010 Report Share Posted June 10, 2010 No one will share????? Quote Link to comment Share on other sites More sharing options...
Raven Posted June 10, 2010 Report Share Posted June 10, 2010 I got this one Diesel, needs to be Educated though. System looks like it has promise but still alot of false breakouts, which is what its meant to avoid ho hum. http://rapidshare.com/files/397374438/MagicB.zip.html domonkos 1 Quote Link to comment Share on other sites More sharing options...
okitikan Posted June 10, 2010 Report Share Posted June 10, 2010 The link is not working pls Quote Link to comment Share on other sites More sharing options...
Diesel 10 Posted June 10, 2010 Report Share Posted June 10, 2010 I got this one Diesel, needs to be Educated though. System looks like it has promise but still alot of false breakouts, which is what its meant to avoid ho hum. Rapidshare limit reached.......... no good. please repost on 4shared. also, what is the method their student used to make 5400%??? Quote Link to comment Share on other sites More sharing options...
iltc2001 Posted June 10, 2010 Report Share Posted June 10, 2010 Protection removed I think http://r@[email protected]/files/397453976/Magic_Breakout__.rar.html ⭐ topstep, Loustar1, Diesel 10 and 2 others 5 Quote Link to comment Share on other sites More sharing options...
san2x Posted June 11, 2010 Report Share Posted June 11, 2010 anyone have the true management .pdf? Quote Link to comment Share on other sites More sharing options...
synergy Posted June 11, 2010 Report Share Posted June 11, 2010 (edited) The Magic Breakout System Plus with indicators has been shared at the following post http://indo-investasi.com/showthread.php/6991-share-m4g1c-breakout-plus?p=79893&viewfull=1#post79893 And mirrored for the future at the following location along with the True Management PDF. http://www.4shared.com/file/LreiyYNH/M_B__plus.html http://www.4shared.com/file/WwPAPB81/True_Money_Management.html Edited June 11, 2010 by synergy san2x and ⭐ Ormazd 2 Quote Link to comment Share on other sites More sharing options...
san2x Posted June 11, 2010 Report Share Posted June 11, 2010 thank you....very much Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.