Automagic: Advanced Magic Number Management for MT5
Info
The Automagic: Advanced Magic Number Management for MT5 is a Library for MetaTrader 5 that automagic is a library designed to manage magic numbers for expert advisors (eas) in metatrader 5. It ensures that EAs running on the same symbol and timeframe across different charts do not interfere with each other due to matching magic numbers.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Library works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Libraries folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Automagic: Advanced Magic Number Management for MT5
1. Storage: Place library files in the MQL/Libraries directory to ensure they are accessible to your projects.
2. Implementation: Include the library in your code using the #import directive, ensuring you match the exact function names and parameters.
3. Compilation: Ensure the library is present in the directory before you compile your main EA or script, as the compiler links them during this phase.
4. Management: Keep libraries organized in sub-folders if you manage many custom functions to maintain a clean project structure.
Frequently Asked Questions
Q: What is a library file used for? A: Libraries store reusable code modules, allowing you to centralize common logic used by multiple EAs or indicators.
Q: Is a library executable? A: No, libraries are non-executable files containing functions; they must be imported into an EA, indicator, or script to function.
Q: Can I update a library while the platform is running? A: You should compile your EA or script after updating a library to ensure the latest code changes are integrated.
What this tool does
Automagic is a library designed to manage Magic Numbers for Expert Advisors (EAs) in MetaTrader 5.
Typical Use Case
This Library excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Library works on MetaTrader 5. Place the file in the MQL5/Libraries folder and restart the terminal.
Description & Settings
Related: ATS Risk Library: Advanced Lot Sizing and Trading Guards - another powerful library for MetaTrader 5 traders.
Automagic is a library designed to manage Magic Numbers for Expert Advisors (EAs) in MetaTrader 5. It ensures that EAs running on the same symbol and timeframe across different charts do not interfere with each other due to matching magic numbers.Also recommended: channel proximity engine: advanced signal generation - similar library with strong performance on MetaTrader 5.
The library offers 8 distinct modes for shifting the basic magic number, providing flexibility in how magic numbers are generated and managed:
- shift_zero: Uses a single magic number, guaranteeing no conflicts with other magic numbers.
- shift_two: Generates 4 unique magic numbers.
- shift_three: Generates 8 unique magic numbers.
- shift_four: Generates 16 unique magic numbers.
- shift_six: Generates 64 unique magic numbers.
- shift_eight: Generates 256 unique magic numbers.
- shift_ten: Generates 1024 unique magic numbers.
- shift_sixt: Generates 65536 unique magic numbers.
A higher shift value increases the probability of finding unique magic numbers within the terminal.
The library includes a built-in function, ismymagic, which compares the EA's magic number against the magic numbers generated by Automagic within its designated range.
Important: When using a specific shift mode (e.g., shift_three), ensure that only the parameter corresponding to that mode is passed to the comparison function.
Important: Once a chart is closed, its associated magic number cannot be restored.
An example demonstrating the library's functionality can be found in the test_automagic.mq5 Expert Advisor.
You may also like: as q order executor: advanced order execution for mt5 - excellent alternative for library users on MetaTrader 5.
Source Code
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⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.