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Shiny pokemons are ultra rare.To get a shiny magikarp use your old rod.If your lucky you will get one.If you have shiny gyarados breed it then you can get a shiny magikarp.It will be in gold.
Use a Shiny Stone. You can get a Shiny Stone on route 228.
You can use an action replay code for make all Pokemon shiny.
You have to go to iron island to get the shiny stone.You can you use it on Roselia (which will evolve it to Roserade)or you could use it on Togetic which will get it to Togekiss.
There is no way to get a Shiny Magikarp 100% of the time.