The world of forex trading is crowded with dozens of indicators promising the moon—only to leave you scratching your head when real trades roll in. Tired of noisy signals and oversold hype? The Lucky Magic Indicator V1.0 MT4 is here to cut through the clutter and deliver clear, actionable trend and entry signals—no fancy martingales, no hidden filters. Just solid logic you can backtest in your MetaTrader 4 platform.


Built for both newbies and seasoned pros, this free indicator specializes in identifying when a trend is about to take off (or reverse). We’ve tested it extensively on EURUSD, especially on the M15 timeframe, with a modest $200 minimum deposit requirement. The result? A smooth equity curve, low drawdowns, and a system you can trust.


What Is the Lucky Magic Indicator V1.0 MT4?


At its core, Lucky Magic is a trend–momentum hybrid. It combines multiple moving average crossovers with strength oscillators, then filters out false moves using built-in volatility checks. The outcome is a series of up/down arrows on your chart, each backed by quantitative confirmation. No repainting, no curve fitting—just honest signals.


Lucky Magic Indicator V1.0 MT4


Core Design Principles



  • Simplicity over complexity: We believe in readable code and easy parameter tweaks.

  • No hidden tricks: No martingale, grid, or hedge mode—just pure signal generation.

  • Transparency: You get the full indicator code, so feel free to tweak or audit as you like.


Key Features



  • 1–2% Daily Profit Potential – Based on our EURUSD backtests on M15 with $200 deposit.

  • Max Drawdown <5% – Built-in volatility filter prevents choppy market noise.

  • No Martingale – Trade size remains constant for consistent risk management.

  • Multi-pair Compatible – Optimized for EURUSD, but works well on GBPUSD, USDJPY, and more.

  • Custom Alerts – Push, email, and in-platform alerts ensure you never miss a setup.

  • Repainting-Free – Signals stay put once plotted, so your historical backtests are rock-solid.

  • Adjustable Sensitivity – Tweak moving average periods (default EMA 20/50) and filter thresholds.

  • Resource-Light – Minimal CPU footprint, suitable for multiple charts running 24/5.


Backtest Results & Proof


We ran a 6-month backtest on EURUSD M15, using a fixed $200 deposit. Trades were taken only in the direction of the 20/50 EMA crossover and confirmed by volatility spikes in the 14-period ATR. Here’s the summary:



  • Total Trades: 342

  • Win Rate: 68%

  • Net Profit: 16% (ROI)

  • Max Drawdown: 4.7%


These numbers held up in a parallel 3-month demo run on live data—with a slightly lower win rate (65%) but similar drawdown characteristics. In short, what you see in backtest translates well into demo.


How to Install & Configure



  • Download the Lucky Magic Indicator V1.0 MT4 from fxcracked.org.

  • Copy the .ex4 file into your MQL4/Indicators folder.

  • Restart MetaTrader 4.

  • Attach the indicator to your EURUSD M15 chart.

  • Settings (defaults recommended):



  1. EMA Fast: 20

  2. EMA Slow: 50

  3. ATR Period: 14

  4. Volatility Threshold: 1.5



  • Enable alerts under the “Alerts” tab (push/email/MT4 pop-up).


Alt text for installation screenshot: Annotated MT4 settings panel showing EMA and ATR parameters.


Practical Trading Tips



  • Trade with the Trend: Only take buy signals when price is above EMA50, and sells when below.

  • Use a 1:1 Reward/Risk: Set stop-loss at ATR×1.0, take-profit at ATR×1.0.

  • Monitor News: Avoid trading around major NFP or central bank events.

  • Demo First: Always test on a demo account to ensure the settings suit your broker’s spreads.


Lucky Magic Indicator V1.0 MT4


Why Choose YoForex-Powered Tools?


YoForex brand stands for reliability and transparency. We release all our tools for free, with ongoing updates as market conditions evolve. No hidden fees, no VIP tiers. Plus, every indicator or EA you download is audited by our in-house dev team to ensure best practices. Check out our About Us page for more on our mission.


Support & Disclaimer


If you hit any bug or need help with optimal settings, ping us on WhatsApp or join our Telegram group:



Past performance is no guarantee of future results. Forex trading involves risk; always trade responsibly and demo-test before going live.


Call to Action


Ready to elevate your trading? Grab your free Lucky Magic Indicator V1.0 MT4 now and start catching trends with precision. Unlimited support via WhatsApp & Telegram—so you’re never alone in the market hustle.


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Happy Trading