This version of TAQ Magic Keys V3.0 is designed to give Traders full flexibility to customize settings according to their individual trading preferences, strategies, risk level, and trading goals.

🔧 General Input Variable Settings

Pips Multiplier

This setting adjusts how pips are calculated depending on your broker’s pricing format (4-digit, 5-digit, etc.). Most modern brokers use 5-digit pricing, so the default value is usually correct. You should only change this if your pip calculations look incorrect (for example, TP/SL appearing too small or too large). If unsure, keep it at default to avoid miscalculation. Incorrect settings here can affect all pip-based features like SL, TP, and trailing.
Default setting is “10” for XAU/USD, This mean 30 pips with 0.01 will be $3 (30 pips with 0.1 will be $30).
For BTC is “100”.

You can change pips multiplier as per your requirement while setting up v3.0

Pro tip first use at demo for pair you trade to adjust as per your trading style

Default BUY Lot

This is the lot size used when you place a Buy trade. Every Buy order will start with this value unless modified by increment steps. For example, if you set it to 0.02 than single click will always set lot size 0.02, unless each Buy btn click more will add with 0.02 lots initially set for Buy lot increment.

You can change lot size as per your requirement while setting up V3.0

BUY Lot Increment Step

This defines how much the lot size increases with each additional Default Buy Lot. For example, if Default BUY Lot = 0.02 and Increment Step = 0.03, then each new step increases like: 0.05 → 0.08 → 0.11 → 0.14. If you click once, it may stay at default; multiple clicks trades will apply increments. Be careful, while as higher increments can quickly increase risk.

You can change lot increment size as per your requirement while setting up V3.0

Max Lot Limit

This sets a maximum cap on how large your lot size can grow. Even if increment steps continue, the EA will not allow trades beyond this limit. For example, if max lot is 0.10, your trade will never exceed 0.10 lots. This protects your account from excessive exposure. Always set this according to your account balance.

You can change Max lot size as per your requirement while setting up V3.0

Default SELL Lot

This is the lot size used when you place a Sell trade. Every Sell order will start with this value unless modified by increment steps. For example, if you set it to 0.02 than single click will always set lot size 0.02, unless each Sell btn click more will add with 0.02 lots initially set for Sell lot increment.

You can change lot size as per your requirement while setting up V3.0

SELL Lot Increment

This defines how much the lot size increases with each additional Default Sell Lot. For example, if Default Sell Lot = 0.02 and Increment Step = 0.02, then each new step increases like: 0.04 → 0.06 → 0.08 → 0.10. If you click once, it may stay at default; multiple clicks trades will apply increments. Be careful, while as higher increments can quickly increase risk.

You can change increment lot size as per your requirement while setting up V3.0

Auto BE with +pips

This feature automatically moves your Stop Loss to Break Even once the trade reaches a certain profit. For example, if value set to 3 pips, and trade is in negative and want to immediately BE the running trade when your trade reaches above BE +3 pips.
But use carefully it will close trade early in volatile market.
If your trade reached to a certain profit and you want SL to breakeven than click it. SL will come to BE+3 pips. This removes risk and protects your capital. You can also combine it with trailing for better profit locking. It is highly recommended for safe trading.

You can change BE+ pips as per your requirement while setting up V3.0

Always check On and Off of BE function, if it ON than trail SL automatically at BE as price cross set limits

Set TP (Take Profit)

This defines the profit target in pips for each trade. For example, if TP = 50, the trade will close automatically at +50 pips profit. It helps automate exits without manual monitoring. You can adjust based on your strategy (scalping, swing, etc.). Larger TP means longer trades.

You can change TP pips as per your requirement while setting up V3.0

Set SL (Stop Loss)

This defines how much loss you are willing to accept per trade. For example, SL = 30 means trade closes at -30 pips. It is the most important risk management tool. Never trade without SL, especially in volatile markets. Always set SL according to your strategy and account size.

You can change TP pips as per your requirement while setting up V3.0

Partial Close 50%

This closes 50% of your trade when click this btn at defined profit level. For example, if you opened 0.10 lots, 0.05 will be closed when triggered. The remaining portion continues running for more profit. This helps secure profits while still staying in the trade. It is useful for balanced risk management.

You can change Partial Close % as per your requirement while setting up V3.0

Partial Close 80%

This closes 80% of your position when click this btn at a defined level. For example, from 0.10 lot, 0.08 will close and only 0.02 remains. This locks most of your profit early. The remaining small portion can capture extended moves. It is useful in volatile markets.

You can change Partial Close % as per your requirement while setting up V3.0

⚙️ FN2 Custom Strategy Settings

You can manage your trades automatically by setting this 2 step function key. Initial set SL & TP. First profit level for partial closing and Second profit level for partial closing. Following is step wise default setting and you can change as per your strategy and trade management.

FN2 First Profit Level Pips for Partial Closing

This defines the First Profit Level where partial closing happens. For example, if set to 10 pips, partial closing triggers at +10 pips. It allows early profit securing. This step reduces risk quickly. Best used in fast-moving markets.

FN2 First Profit Level Partial Closing %

This defines how much of the trade to close at First Profit Level. For example, 50% means half of the trade is closed. The remaining portion continues running. This helps lock in early gains. Adjust based on risk preference.

FN2 Second Profit Level Pips for Partial Closing & BE

This defines the Second Profit Level where another partial close happens and SL moves to Break Even. For example, at 20 pips, partial closes and SL shifts to entry. This ensures no loss after this level. It is a strong safety feature. Helps in trending markets.

FN2 Second Profit Level Partial Closing %

Defines how much of the remaining trade to close at Second Profit Level. For example, 30% means 30% of remaining volume closes. This further reduces exposure. Remaining position continues with profit. Good for step-by-step exit strategy.

FN2 TP

Final Take Profit level for FN2 trades. This closes any remaining position automatically. It defines the maximum target. You can set higher TP for trend trades. Helps automate full exit.

FN2 SL

Stop Loss specific to FN2 trades. It controls maximum loss for this strategy. Should always be set properly. Works independently from other modes. Essential for risk control.

⚙️ FN1 Advanced Strategy Settings

You can manage your trades automatically by setting this 3 step function key.
Initial set SL & TP
First profit level for partial closing & reducing SL
Second profit level for again partial closing & reducing SL
3rd profit level SL moves to Break+

Following is step wise default setting and you can change as per your strategy and trade management.

FN1 First Profit Level Pips for Partial Closing

Defines First Profit Level to secure partial profits. For example, at 50 pips, a portion closes. Helps reduce early risk. Useful in volatile entries. Works as first safety step.

FN1 First Profit Level Partial Closing %

Defines how much to close at First Profit Level. For example, 50% closes early. Remaining continues running. Helps balance risk and reward.

FN1 First Profit Level Pips for Reducing SL

This function also reduce the risk by moving SL with profit levels. Defines how much to reduce SL in pips at First Profit Level. For example SL reduce to 50pips.

FN1 2nd Profit Level Pips for Partial Closing

Defines 2nd Profit Level to secure partial profits. For example, at 80 pips, a portion closes. Helps reduce more risk. Useful in volatile entries. Works as 2nd safety step.

FN1 2nd Profit Level Partial Closing %

Defines how much to close at 2nd Profit Level. For example, 50% closes more. Remaining continues running. Helps balance risk and reward.

FN1 2nd Profit Level Pips for Reducing SL

This function also reduce the risk by moving SL with profit levels. Defines how much to reduce SL in pips at 2nd Profit Level. For example SL reduce to 10pips.

FN1 3rd Profit Level Pips to Reducing SL at BE

Moves Stop Loss to Break Even. Ensures no loss after this level. For example, at BE+ 3pips, SL locks profit. Adds extra safety. Important for risk-free trading.

FN1 3rd Profit Level Pips for BE+

Moves Stop Loss slightly into profit (not just BE). For example, BE + 2 pips locks small profit. Prevents spread losses. Ensures guaranteed gain. Useful in scalping.

FN1 TP

Final Take Profit for FN1 trades. Closes all remaining position. Defines ultimate target. Helps automate exit. Adjustable per strategy.

FN1 SL

Stop Loss for FN1 trades. Controls maximum risk. Must always be set properly. Works with all FN1 logic. Critical for protection.