The New FxMagnetic GBPJPY 1.0 has been released
The new multi-timeframe FxMagnetic GBPJPY has been released today. Now FxMagnetic indicator works on GBPJPY currency pair and all its timeframes M1, M5, M15, M30, H1, H4, and D1.
FxMagnetic GBPJPY opens new trading opportunities. Even more trading signals on all timeframes.Buy FxMagnetic GBPJPY Now!
Of course, each timeframe produces different trading signals because of different algorithm parameters. Each timeframe works differently and they require different parameters to be traded profitably.
Different parameters produce different stats looking at the last 100 signals. Obviously, some timeframes perform better than the others and we see Winning Rate up to 59% 🙂
You can buy FxMagnetic GBPJPY here.
Don’t know how to trade Forex using FxMagnetic? Then watch this video: How to Trade Forex with the FxMagnetic indicator on MT4
FxMagnetic GBPJPY stats on all time frames
Let’s take a look at the stats of the last 100 trading signals from FxMagnetic GBPJPY on various timeframes.
Why 100? It is because 100 is the minimum amount of signals required for statistical significance. We cannot know accurate Win Percentage or any other results if we have less than 100 signals.
If FxMagnetic does not show 100 trading signals on your MT4 then it means your MT4 charts do not have enough price bars. Follow this tutorial to download more price bars in MetaTrader: How to show more price bars and candles on the MT4 charts
Note that stats on your MT4 might be slightly different if you are using another broker. It happens because each broker has different price feeds and spreads. We use “FxOpen ECN Live” account for this example. We recommend that you use FxOpen account too. If you do not want to have an account with them then just use them with FxMagnetic to get trading signals and execute those signals on any other Forex broker you have. Click here to download MetaTrader 4 for ECN from FxOpen (we are not compensated in any way if you use FxOpen).
Also, note that Winning Percentage and other stats are constantly changing when markets form new highs and new lows and new trading signals are generated, etc. It does NOT mean that indicator repaints, it just means that when new signals appear the older ones are removed from the memory and indicator calculates statistics based on the last 100 trading signals to give you the most up to date information.
As markets change all the time we re-optimize the indicator to show the best possible entries according to its algorithm. Re-optimization is the essential part of any algorithm. Think like calibration of a compass, hygrometer, scale, or thermostat, etc.
FxMagnetic GBPJPY on a 1-minute chart
Small time frames are always a challenge, especially for JPY pairs because there is so much noise and they can move a lot of pips in short periods of time. Personally, I am not a fan of low timeframes, but I found the best possible settings for all of them.
On a 1-minute timeframe indicator shows 38% Winning Rate based on the last 100 signals. This means that we have a bit more losers than winners, but that’s not a problem with the risk/return ratio of 3.00. Considering that on M1 FxMagnetic uses 27 pips for Stop-Loss and 81 pips for Take-Profit we definitely see a profit of +1377 pips. Not as impressive as other time frames, but that’s normal. Some time frames are better than others. Pick the one you like 😉
This makes the risk/return ratio of 3.00; It means one winner eliminates 3 losses.
FxMagnetic GBPJPY on a 5-minute chart
On a 5-minute timeframe indicator shows 53% Winning Rate based on the last 100 signals. This means that half of the trades are winners. Considering that on M5 it uses 69 pips for Stop-Loss and 110 pips for Take-Profit we definitely see a profit of +2587 pips.
This makes the risk/return ratio of 1.59;
FxMagnetic GBPJPY on a 15-minute chart
On a 15-minute timeframe indicator shows 41% Winning Rate based on the last 100 signals. This means that less than half of the trades are winners. Considering that on M15 it uses 100 pips for Stop-Loss and 200 pips for Take-Profit we see a profit of +2327 pips.
This makes the risk/return ratio of 2.00;
FxMagnetic GBPJPY on a 30-minute chart
On a 30-minute timeframe indicator shows 37% Winning Rate based on the last 100 signals. This means we have more losers than winners, but that’s not a problem but profit because of a high risk to reward ratio of 3! Considering that on M30 it uses 70 pips for Stop-Loss and 245 pips for Take-Profit we see an enormous profit of +4638 pips.
This makes the risk/return ratio of 3.50;
FxMagnetic GBPJPY on a 1-hour chart
On 1-hour timeframe indicator shows 51% Winning Rate based on the last 100 signals. This means more winners than losers. Considering that on H1 it uses 101 pips Stop-Loss and 197 pips for Take-Profit we see a profit of +5124 pips.
This makes the risk/return ratio of 1.95;
FxMagnetic GBPJPY on a 4-hour chart
On 4-hour timeframe indicator shows 49% Winning Rate based on the last 100 signals. This means we have slightly fewer winners than losers. Considering that on H4 FxMagnetic uses 280 pips for Stop-Loss and 460 pips for Take-Profit we see an enormous profit of +8440 pips.
This makes the risk/return ratio of 1.64;
FxMagnetic GBPJPY on a Daily chart
On the Daily timeframe indicator shows 53% Winning Rate based on the last 100 signals. This means that half of the signals won. Considering that on D1 it uses 340 pips for Stop-Loss and 540 pips for Take-Profit we see an enormous profit of +12656 pips.
This makes the risk/return ratio of 1.59;
FxMagnetic GBPJPY on a Weekly chart
On the Weekly timeframe indicator shows 59% Winning Rate based on the last 100 signals. Considering that on a Weekly TF it uses 650 pips for Stop-Loss and 750 pips for Take-Profit we see an enormous profit of +17600 pips.
This makes the risk/return ratio of 1.15;
FxMagnetic GBPJPY on a Monthly chart
On the Monthly timeframe indicator shows 30% Winning Rate based on the last 33 signals. There are not enough price bars in Forex history to show the last 100 signals, unfortunately, and 30% win rate means that more than half of the signals were losers, but because of a high risk to reward ratio of 4 results are great. Considering that on a Monthly TF it uses 700 pips for Stop-Loss and 2800 pips for Take-Profit we see an enormous profit of +11900 pips.
This makes the risk/return ratio of 4.00;
So, which time frame is your favorite? Let us know in the comments below.Buy FxMagnetic GBPJPY Now!
Thanks for sharing
Have you worked out which strategy has the highest ROI or Return?Drawdown?
Thanks for your question. We let our customers decide which strategy is most successful for them.
I would like to know for what period is 100 trades for each timeframe? Thank you very much for your answer.
To find this out please attach trial indicator on the chart, scroll back to the oldest signal and check its date.