The conventional Euler deconvolution has 5 unknown parameters to be solve which are the location of source (x0, y0 and z0), the background field and the structural index (SI). Among these 5 unknowns, the SI is to be manually selected by the interpreter. The manual input of SI into the Euler equation makes the technique to be semi-automated. A new technique based on Euler deconvolution that estimate background, horizontal coordinate (xo and yo), depth and structural index (SI) of gridded magnetic data is presented. The theoretical and field model study over magnetic sources demonstrates the ability of the method to solve for the source location and nature of the target, the technique does not depend on magnetic latitude. An integrated automated filter which is based on convolution window, SI deviation, regression error and analytic signal is prepared and used for selecting valid solution. Finally, the technique is applied to real magnetic data of Sebarang Jaya, the clustered depth solutions coincided with the high amplitude/values of analytic signal and these are the possible positions of the target being sought. The technique is fast means of magnetic data interpretation and easy to implement as it involves first order derivatives of the field.