PROTECTED SOURCE SCRIPT
magic wand
Magic Wand Strategy – Intraday Scalping Tool for 1-Minute Chart
Magic Wand is a highly advanced intraday trading strategy specifically designed for the 1-minute timeframe, aimed at helping traders capture short-term price movements with precision while enforcing strict risk management.
🧠 Core Features:
✅ Technical Indicator Fusion: Combines EMA, SMA, ATR-based Supertrend, and Pivot Points to identify high-probability entries and exits.
✅ Time-Based Session Filters: Trades only during specific, high-liquidity hours to reduce noise and slippage.
✅ Dynamic Position Sizing: Calculates trade size based on account balance and real-time market volatility using ATR.
✅ Daily & Monthly Risk Controls: Automatically stops trading after reaching predefined loss thresholds (daily or monthly).
✅ Trade Frequency Limits: Restricts the number of trades per day to avoid overtrading.
✅ Performance Alerts: Tracks daily and monthly wins/losses, and provides alerts when targets or limits are hit.
This strategy is tailored for scalpers and high-frequency traders who demand a disciplined, data-driven approach to navigating volatile markets on ultra-short timeframes.
⚠️ Disclaimer: This script is intended for educational and research purposes only. Live trading without adequate testing and customization is not recommended. The author is not responsible for any financial losses incurred from using this tool.
Magic Wand is a highly advanced intraday trading strategy specifically designed for the 1-minute timeframe, aimed at helping traders capture short-term price movements with precision while enforcing strict risk management.
🧠 Core Features:
✅ Technical Indicator Fusion: Combines EMA, SMA, ATR-based Supertrend, and Pivot Points to identify high-probability entries and exits.
✅ Time-Based Session Filters: Trades only during specific, high-liquidity hours to reduce noise and slippage.
✅ Dynamic Position Sizing: Calculates trade size based on account balance and real-time market volatility using ATR.
✅ Daily & Monthly Risk Controls: Automatically stops trading after reaching predefined loss thresholds (daily or monthly).
✅ Trade Frequency Limits: Restricts the number of trades per day to avoid overtrading.
✅ Performance Alerts: Tracks daily and monthly wins/losses, and provides alerts when targets or limits are hit.
This strategy is tailored for scalpers and high-frequency traders who demand a disciplined, data-driven approach to navigating volatile markets on ultra-short timeframes.
⚠️ Disclaimer: This script is intended for educational and research purposes only. Live trading without adequate testing and customization is not recommended. The author is not responsible for any financial losses incurred from using this tool.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip dilindungi
Skrip ini diterbitkan sebagai sumber tertutup. Akan tetapi, anda boleh menggunakannya dengan percuma dan tanpa had – ketahui lebih lanjut di sini.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.