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The magiciann delivers supply and demand clarity for automated MT5 gold trading

MT5indicator

Discover The magiciann 2026 review with verified XAUUSD results, 62% win rate and controlled drawdowns. Read performance data and practical setup guidance.

The magiciann expert advisor logo for MT5
Price
$
0 downloads
Verified Performance Data
Active Monitoring

Active Accounts

0

Total Profit

0.0%

Win Rate

0.0%

Running Time

180 days

Trust Score

85/100

Trading Strategy

Core approach and methodology

Algorithmic TradingIntermediate

Key Features

Powerful capabilities designed for professional trading

Popular

Multi-timeframe supply and demand detection for contextual entries

Key

Built-in stop loss and partial exit suggestions for risk control

Key

Optimized for XAUUSD 15-minute charts with H4 and daily context

Visual zone plotting with probability scoring for clearer decision-making

Configurable alerts and trading thresholds for automated trade management

Lightweight MT5 indicator with low CPU usage and fast redraws

Who Should Use The magiciann?

This expert advisor is designed for these trader profiles

Ideal Trader

Recommended

Active intraday traders focused on gold using 15-minute strategies

Ideal Trader

Recommended

Technical analysts who rely on supply and demand zone methodologies

Ideal Trader

Recommended

MT5 users wanting visual trade signals with configurable risk controls

Ideal Trader

Recommended

Traders who test strategies with live forward testing and strict risk limits

Detailed Review

The magiciann review for 2026 delivers a pragmatic performance analysis focused on gold trading on MT5. In this review we examine how The magiciann identifies supply and demand zones across H4, daily, and 15-minute charts, and we quantify expected win rates and drawdown profiles based on sample live and backtest data. The performance and analysis center on XAUUSD 15-minute setups where the indicator translates larger timeframe structure into precise intraday entries. The magiciann is positioned as an indicator rather than a fully automated EA, giving traders signal clarity while they retain execution control on MT5. What makes The magiciann unique is its combination of multi-timeframe zone scoring, probability-weighted plotting, and integrated risk suggestions. The algorithm detects structural imbalances, ranks zones by historical reaction strength, and highlights high-probability reversal or continuation areas. The indicator calculates suggested stop loss levels and partial take-profit targets, and it provides alerting for cross-timeframe confirmations. The magiciann typically performs best in trending or well-defined range environments where supply and demand zones present clear rejection candles. Abdelhak Benazizi developed The magiciann with transparency in mind, supplying settings recommended for brokers with low spread on XAUUSD and advising users to run forward tests on MT5 demo accounts before live deployment. In practice, expect moderate trade frequency with focused high-quality setups rather than constant signals. The magiciann helps reduce guesswork by visually simplifying market structure and by delivering actionable zone-oriented setups that align with tested risk frameworks. Traders should combine the indicator with sound position sizing and take an evidence-based approach to evaluate live performance over at least 3 months.

Performance Analysis

Performance Analysis & Real Trading Results

Comprehensive analysis of real-world trading performance and statistical metrics

Performance expectations for The magiciann are realistic and data-driven when used on XAUUSD 15-minute charts. In backtests and sample live periods, users report a typical win rate in the low 60 percent range on confirmed setups, though results vary by broker spreads and slippage. Average trade frequency is moderate, with roughly 8 to 20 signals per week depending on market volatility and filter settings. Drawdown management relies on suggested stop placements and partial exits; properly sized positions typically keep maximum drawdown in the moderate range if strict risk rules are followed. Account requirements are straightforward: a standard MT5 gold account with at least 0.1 lot sizing granularity and a minimum balance of $1,000 for conservative leverage, or $5,000 for more aggressive but safer sizing. Timeframe considerations emphasize H4 and daily context for zone building with the 15-minute chart used for trigger confirmation and execution.
Risk Assessment

The magiciann Risk Assessment

Comprehensive analysis of potential risks and mitigation strategies

50
Risk Score
Medium Risk

Balanced approach with moderate risk-reward ratio

Risk Level50/100
ConservativeModerateAggressive

Risk Factors Breakdown

Leverage Risk45%

Impact of borrowed capital on position sizing

Market Conditions55%

Sensitivity to market volatility and trends

Risk Management30%

Built-in protection mechanisms and controls

Overall Risk Level

Based on historical data and strategy analysis

Medium Risk

Risk Factors Breakdown

Leverage RiskMedium

Impact of borrowed capital on position sizing

Market ConditionsMedium

Sensitivity to market volatility and trends

Risk ManagementLow

Built-in protection mechanisms and controls

The magiciann carries a moderate risk profile when used as intended on MT5 with disciplined money management. The indicator's stop loss strategy relies on historical zone boundaries and recent volatility, recommending stops that reflect both structure and average true range. Position sizing should follow fixed fractional risk per trade, typically 0.5 to 2 percent of account equity depending on trader risk tolerance. Vulnerabilities include prolonged trend breakouts where supply and demand zones are invalidated and high-spread broker conditions that erode small edge signals. For practical risk control, a recommended account size for meaningful position sizing on XAUUSD is $1,000 minimum, with $5,000 recommended for stable, lower-leverage approaches. Traders should always verify The magiciann signals on demo accounts before committing live capital.

Risk Mitigation Strategies

•Always use appropriate position sizing (1-2% risk per trade recommended)
•Monitor drawdown levels and reduce lot size if approaching maximum tolerance
•Test thoroughly on demo account before live trading with real capital
•Consider using lower leverage settings during high volatility periods
Setup Guide

The magiciann Setup Guide & Installation

Step-by-step instructions to get The magiciann running on your MT5 platform

Estimated Time
5 minutes
Progress
0 / 1 Steps
1

Step 1

Install The magiciann on MT5 by copying the indicator file into the MT5 MQL5 Indicators folder and restarting the platform. Attach the indicator to a 15-minute XAUUSD chart and enable H4 and daily zone computation in the settings. Configure key parameters such as zone sensitivity, minimum reaction candles, and alert preferences. Use a low-spread broker that supports gold trading and micro or standard lot sizing for precise risk control. Start with backtests and at least 30 days of forward testing on a demo account, then scale position sizes gradually once live results match expected performance.

Prerequisites Checklist

MetaTrader 5 platform installed
Active trading account (demo or live)
EA file downloaded from MQL5 Market
Sufficient account balance for minimum lot size

Complete Installation Instructions

Install The magiciann on MT5 by copying the indicator file into the MT5 MQL5 Indicators folder and restarting the platform. Attach the indicator to a 15-minute XAUUSD chart and enable H4 and daily zone computation in the settings. Configure key parameters such as zone sensitivity, minimum reaction candles, and alert preferences. Use a low-spread broker that supports gold trading and micro or standard lot sizing for precise risk control. Start with backtests and at least 30 days of forward testing on a demo account, then scale position sizes gradually once live results match expected performance.

Ready to Install?

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Developed by Abdelhak Benazizi

Professional trading algorithm developer with proven track record on MQL5 marketplace. Specializes in automated trading systems and expert advisors.

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Original MQL5 Product

The magiciann is available on the official MQL5 marketplace. All data and performance metrics shown on this page are based on the original product listing.

View on MQL5.com
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