FxMagnetic™ Software Update History - FxMagnetic™ - Candlestick Pattern Indicator for MT4

Table of Contents

2024-04-04

FxMagnetic Phoenix™ scans for Spinning Tops & Doji patterns.
The new algorithm has been implemented, making the indicator perform computations much faster.
The information panel on the right of the chart shows signals per week and signals per day.
The information panel on the right of the chart shows the broker (account server), currency, and timeframe.
The information panel on the right of the chart shows how many weeks ago the 1st signal appeared.
Added ShowLastClosedSignalInfo parameter, which allows you to show or hide the last closed signal-related info on the panel.
After the optimization in finished, the indicator also prints simulation numbers for the worst win rate and worst net profit. This gives you insight into whether the ‘reverse’ strategy is worth trying.

Trend filters were added to the EA so you can use them when running EA in ‘Independent Mode’.
Added new parameter StopTradingWhenWinRateDropsBelowX, which allows you to force the EA to stop opening trades if the Winning Rate on the indicator drops below a certain level.

Added Trailing Stop functionality.
- Trailing Stop Value (Pips) – this is where the user can set when to activate the TS function. TS function works like a ratchet. If you set TSV to 50 pips, it means the EA will start TS once the trade gets into a profit of 50 pips. A stop-loss will follow 50 pips behind as the market price moves but doesn’t go back if a price comes back.
- InstantTrailingStop – the ITS works a bit differently than the regular TS. The EA activates the ITS immediately and will make the stop-loss follow behind as the market price moves in your favor but doesn’t go back if a price comes back. With ITS, a Trailing Stop Value determines how many pips behind the stop loss has to trail.
Autotrader now displays the Magic Number (or your custom text) at the top right corner. This makes it easier for you to distinguish strategies.

Improved “Trade Filters” functionality to operate with the FxMagnetic Trend indicator. When the Trade Filter is enabled, FxMagnetic will give signals only in the direction of the selected Trend Filter.

Added “Trade Filters” functionality, which allows users to filter trades using popular indicators like Moving Averages, Bollinger Bands, Parabolic SAR, and the proprietary FxMagnetic Trend indicator. Trade Filters can be applied to a different timeframe to make it even more powerful. When the Trade Filter is enabled, FxMagnetic will give signals only in the direction of the selected Trend Filter.
SaveOptimizationResultsToFile is now enabled by default, and it means the indicator will always save optimization results into a CSV file.
Added “Minimum Signals To Accept Settings” for the optimization. You can tell the optimization engine to avoid simulation results with too few signals. Discarded simulation settings will still appear on the CSV file.

FxMagnetic Onyx™ scans for Three White Soldiers and Three Black Crows patterns.
Added “Trade Filters” functionality, which allows users to filter trades using popular indicators like Moving Averages, Bollinger Bands, Parabolic SAR, and the proprietary FxMagnetic Trend indicator. Trade Filters can be applied to a different timeframe to make it even more powerful. When the Trade Filter is enabled, FxMagnetic will give signals only in the direction of the selected Trend Filter.
SaveOptimizationResultsToFile is now enabled by default, and it means the indicator will always save optimization results into a CSV file.
Added “Minimum Signals To Accept Settings” for the optimization. You can tell the optimization engine to avoid simulation results with too few signals. Discarded simulation settings will still appear on the CSV file.

FxMagnetic Trend™ is a proprietary indicator that detects trend direction on a higher (or the same) timeframe. You can use it as a standalone indicator to help you decide trend direction, or you can use it as a Trend Filter for other FxMagnetic™ indicators.

FxMagnetic STAR™ scans for Morning Star, Evening Star, Inverted Hammer, and Shooting Star patterns.

Added “Pattern Flexibility Selector” parameter for Hammer, Hanging Man, and Pinbar patterns.
Added “Lookback bars” parameter.
Added ability to set minimum and maximum “risk:reward” ratio when picking best results from all optimization variations.
Added ability to export all optimization variations into the CSV file and have your own delimiter set for cross-compatibility with different country standards.
Display an “Optimization in progress…” message when running optimization.
Added notification “NOT ENOUGH HISTORY DATA TO DISPLAY 50 SIGNALS” to let the user know there’s not enough data to display all trading signals according to chosen settings.
Improved warning message when the indicator is set to run Optimization with too many variations. A message with info is printed in the EXPERTS tab at the bottom of MT4.
Other small improvements.

Added “Trading Mode” parameter, which allows choosing if the EA should operate in the “Indicator Sync” mode or “Independent Mode“.
Added “Pattern Flexibility Selector” parameter for Hammer, Hanging Man, and Pinbar patterns for use when running EA in “Independent Mode”.
Added “Lookback bars” parameter for use when running EA in “Independent Mode”.
Improved Money Management settings to calculate the right lot size on all MT4 brokers and instruments.
Display the “Next lot size” information on the chart.
Display a “Not enough margin” warning if the trader sets the risk too high.
Other small improvements.

Added notification “NOT ENOUGH HISTORY DATA TO DISPLAY 50 SIGNALS” to let the user know there’s not enough data to display all trading signals according to chosen settings.
Improved warning message when the indicator is set to run Optimization with too many variations. A message with info is printed in the EXPERTS tab at the bottom of MT4.
Other small improvements.

Improved Money Management settings to calculate the right lot size on all MT4 brokers and instruments.
Other small improvements.

Fixed problem with incorrect lot sizes being used on some pairs.
FxMagnetic Autotrader (EA) shows what the next lot size will be according to the risk parameters and Stop Loss. If EA runs in “Indicator Sync” mode, it will use the Stop Loss set in the indicator dashboard.
If Stop Loss = 0 (not set) and FxMagnetic Autotrader (EA) is set to use “Risk Per Trade (%)” money management mode, the EA shows an explanation that it cannot calculate lot size for % risk without SL. In such a case, EA will use the minimum possible lot size set by your broker (usually 0.01).

‘Divide by zero’ error is fixed when “SL (pips) (max)” is set to zero during the optimization.