The Home page provides access to the free version of the Magic Breakout system, available as a 14 page downloadable pdf. The Magic Breakout Plus system can also be accessed from the website. In addition to this, there is an advanced Exit strategy designed to take advantage of the bigger moves, which again is not included in the free version.
In this review we concentrate on the Magic Breakout Plus strategy as it is the one that requires you to part with your funds. We believe this is appropriate in that if anyone finds the basic strategy to their liking they may prefer a view on the paid for enhanced manual, customised indicators and advanced exit strategy.
The enhanced manual is 30 pages long and like the 1 Minute Daily manual is quite well written. The manual explains the system quite well, it really is quite a simple system. Exit is based on trading 3 lots whose exit is staggered based on simple Fibonacci extensions and the Wave indicators for the last lot. His performance was enhanced due to the introduction of the RSI indicator and divergence. Very simple to set up on any Meta Trader 4 MT4 broker.
When a set-up occurs the Magic entry issues a visual and audible alert. The latter is trailed based on additional entry alerts and Price action in relation to the Wave indicators. The main issue with operation is that a signal can occur at any time at all Monday — Friday. This is just not really practical but we did run the system through September and October in real-time and where we missed an entry asleep or just not around we recorded it as if we had been around. These results are included in the above analysis for completeness.
Do remember, your comments are important — If you have used or decide to use this system, please contribute to the community by reporting back your findings. This is a selection of key posts and comments from the original forum prior to the rebuild.
Frustrating but seems to follow in 1 minutes footsteps — full of promise, but looks less hot in the morning. Viewing 2 posts - 1 through 2 of 2 total. May 16, at 5: You must be logged in to view attached files. Members can post and subscribe to threads like this one. And also receive an email every time we post a new review.
Systems For Traders had to be rebuilt in This is a selection of key posts and comments from the original forum prior to the rebuild. The time commitment is a big commitment. You must be logged in to reply to this topic. Systems We Use None at present. Services We Use None at present.More...