The Expert Advisor sets the specified order grid depending on orderType value: 2: BuyLimit 3: SellLimit 4: BuyStop 5: SellStop 6: BuyStop - BuyLimit 7: SellStop - SellLimit 8: BuyStop - SellStop 9: BuyLimit - SellLimitParameters: LotSize - lot size.TP - take profit.SL - stop loss.CountOrders - number of opened orders in each direction.MagicNumber - magic number.FirstShift - distance from the current price, at which orders are to be placed.SecondShift - distance between placed orders.RepeatMode
Our "Trending Topik" Forex Expert Advisor works based on several non-lagging Forex indicators and combined with price action confirmation on a big time frame searching current major trends and looking for the best momentum on 3 small timeframes with built-in target percent equity to lock our profit. It works on EURUSD, AUDUSD, USDJPY, GBPUSD and EURJPY. ROI per month from 10-45% and low dd max 30%. Trending Topik EA Concept EA Trending Topik is the latest development of the efficient
This indicator was built based on Moving Average, but it always reset counter at the first bar of day/week/month. Simple arrow signal to show buy/sell signal. 3 lines of moving average can be used as price channel, this is market trend also. time_zone option allows choosing time for trading and session movement analysis.
This indicator displays Commitments of Traders data released every week by the CFTC. Please make sure that you download MWC_3L.dat file into the folder [...]/MQL4/Files. A more detailed instruction can be downloaded here. Main data folder: www.myweeklycot.com/cot/voll/2014/… Files: MWC_3L.dat - Net Positions for Non Commercial, Commercial and Non Reportable (In this order) MWC_OI.dat - Open Interest MWC_COXNC.dat - COX Non Commercial for P12,P26,P52,P156 MWC_COXC.dat - COX Commercial f
Pair’s RSI is an auxiliary indicator that can be used in conjecture with Pair’s Spread, Pair’s MACD and Pair’s Momentum Indicators for optimizing the timing of opening or closing a position in a Pair’s trading strategy. Pair’s RSI is an ordinary RSI indicator with the only difference being the way its price is derived. While a simple RSI indicator uses the closing prices of only one instrument, Pair’s RSI uses the Pair’s Spread closing price. (see equation 2.) Lets assume that we have id
This EA will send message to your mobile with installed MetaTrader 4 (Android or iOS). It will send notification to your mobile if Price is above or below certain level Inform Bid price every new H1 candle Your account's equity raise higher or reduce below certain level Order is opened or closed ...Of course, you have option to disable one by one. P/s: set parameter to 0 or false if you don't want to use it. Good luck!
The information indicator Symbol Status shows the most important information on a financial instrument and reflects the current account status. The input parameters are: Option Field Default Value Description Show a sintetic bar true Show the schematic ratio of the current price and the open price to the candlestick body X, Y coordinate 5, 5 The position of the upper right corner of the panel relative to the upper right
This indicator is developed to show the average movement of any 2 correlated currency pairs of the same TF. The crossing of 2 lines (in case with "EURUSD" (blue line) and "USDCHF" (yellow line)) is signaling about ascending or descending trend. Input parameters: symbol1 = EURUSD MAPeriod1 = 13 MAMethod1 = 0. Possible values: MODE_SMA = 0, MODE_EMA = 1, MODE_SMMA = 2, MODE_LWMA = 3. MAPrice1 = 1. Possible values: PRICE_CLOSE = 0, PRICE_OPEN = 1, PRICE_HIGH = 2, PRICE_LOW = 3, PRICE_MEDIAN
DS Events Copy simplifies Elliott Wave Analysis markup. I am a practicing wave trader and I regularly mark out Elliott waves, horizontal and vertical lines, Fibonacci levels, etc. when working with charts and quotes. If you are a wave trader yourself, you should know how difficult it is to mark out the waves on a single currency pair opened on different timeframes. Of course, you can mark out the waves on a single chart switching between the timeframes, but it is too inconvenient. The wave anal
Description Impulse Grand Global is an indicator impulse trading system based on Moving Average and MACD Classic Global. The idea of the impulse system based on Moving Average and MACD Histogram was first offered by Dr. Alexander Elder in his book "Come Into My Trading Room". The system allows users to choose the calculation method (Moving Average and MACD Classic Global) based on a single, double or triple moving average with identification of primary signal of probable reverse of the previo
EA OBED 3 uses system "Super Trap Open Daily Break" with all its capabilities and the complete range of features inside. Supports all sorts of types of trading: day trading scalper averaging martingale 30 level hedging trend double op single op multi-op etc. It has various adjustable parameters. You can explore this EA OBED3 with any trade strategy.
Description Impulse System Global is an indicator impulse trading system based on Moving Average and MACD Histo Global. The idea of the impulse system which is based on Moving Average and MACD Histogram was first offered by Dr. Alexander Elder in his book "Come Into My Trading Room". The system allows users to choose the calculation method (Moving Average and MACD Histo Global) based on a single, double or triple moving average with identification of primary signal of probable reverse of the
Indicator Description If you need to know future volatility for trading, this indicator is what you need! With the Predictor of the ATR you trading system will be more perfect. This indicator predicts future volatility, and does it quite well. Prediction accuracy is up to 95% at a distance of up to 5 bars into the future (on the period H1). The average forecast accuracy is about 85%, the number of predicted bars is limited by your imagination only. There are five methods used for prediction. T
The Currency Meter indicator measures relative strength between major currencies and makes instrument selection easier. Find strong and weak currencies at a glanceCompare one currency against another easilyIs a currency strengthening? Look for a longsIs a currency weakening? Look for shortsIt implements a multi-timeframe dashboardTrading strong currencies against weak currencies is always the safest play. The basic idea is to attack weak currencies using strong ones as counter currencies and v
Overview This is the Standard version in the Pivot Point Plotter Series. It is a robust indicator that dynamically calculates and plots STANDARD daily pivot points on your chart irrespective of intra day timeframe, on which the indicator is placed.Kindly note that it is a DAILY Pivot Point Plotter for DAY TRADERS who trade on intra day timeframes (i.e., M1, M5, M15, M30, H1 and H4) on MT4 platform. This indicator is an absolute day trader companion. Features Dynamically calculates and plots
CorExTi is a tool that will save you literally hours in your daily routine to draw lines and other graphic elements in your charts. With a temporary panel discreetly displayed on your screen at the touch of a graphic element as trendline: Changes the object between 4 favorite line styles (with color, line thickness and style) Cuts trendlines, when are extended, just at the point where you touch them Extends trendlines (active property of Ray) which are not extended Or deact
Magneto RZ defines price reversion zones. The built-in algorithm allows it to efficiently find levels acting as price magnets. The percentage of used levels is high enough – about 90% or more depending on the analyzed pair and market conditions. What Is Magneto RZ? The chart is limited by red (top) and blue (bottom) zones reminding traders of a traded pair's overbought or oversold state. Thus, when the price approaches the red zone, selling is the most appropriate action, while buy positions a
Red Pill indicator is a revolutionary tool that makes you see the 'Matrix' of the Forex market. It measures the Interbank market trading volume on a tick basis. Using this indicator traders can easily distinguish the surges made by the big institutional traders (generating the main direction) from the market noise (false attempts made by small retail traders). With this indicator you will always trade with the 'big dogs' and not against them.
Best currency pair: EURUSD. The input parameters are optimized for EURUSD H1. Working at: ECN / STP / DMA and Market Maker, 4 and 5 digits brokerage. Parameters Lots - lots sizeRiskMM - risk managmentRiskPercent - risk percentageMinLot - minimum lot allowed by the Expert Advisor MaxLot - maximum lot allowed by the Expert Advisor Order ManagementBrokerECN - Broker ECNmaxtrades - maximum trades allowed by the tradersStopLoss - Stop LossTakeProfit - Take ProfitBreakEvent breakevengain - gain
Pair's MACD is an auxiliary indicator that can be used in conjecture with Pair's Spread, Pair's RSI and Pair's Momentum Indicators for optimizing the timing of opening or closing a position in a Pair's trading strategy. Pair's MACD is an ordinary MACD indicator with the only difference being the way its price is derived. While a simple MACD indicator uses the closing prices of only one instrument, Pair's MACD uses the Pair's Spread closing prices (see equation 2). Let's assume that we ha
Pair's Momentum is an auxiliary indicator that can be used in conjecture with Pair's Spread, Pair's MACD and Pair's RSI Indicators for optimizing the timing of opening or closing a position in a Pair's trading strategy. Pair's Momentum is an ordinary Momentum indicator with the only difference being the way its price is derived. While a simple Momentum indicator uses the closing prices of only one instrument, Pair's Momentum uses the Pair's Spread closing price. (see equation 2.) Lets ass
Description Impulse Pro Global is an indicator's impulse trading system based on Moving Average and MACD Line Global. The idea of the impulse system based on Moving Average and MACD Histogram was first offered by Dr. Alexander Elder in his book "Come Into My Trading Room". The system allows users to choose the calculation method (Moving Average and MACD Line Global) based on a single, double or triple moving average with identification of primary signal of probable reverse of the previous ten
FX Gold MA compares the current price with the price of each bar from the entire history you have specified. Then it assigns weight to each obtained value: from the smaller one of the older bars to the greater one of the latest bars. Then it draws a line using arithmetic mean. The indicator can also build the channel I recommend that you use the channel on H1 or larger timeframes; it is better not to trade towards the channel during the trade sessions; pay attention to MA overall directi
Operation Principle The Expert Advisor looks for a strong movement on every bar and places two pending orders at a predetermined distance in points. A position is closed based on the total profit or loss in the account currency or in points. No indicators are used. It uses the method of averaging, in which the last open position in the direction of price movement always has the largest volume. It uses filters - time, Moving Average and revers of placed orders. Main Features The Expert
Pair’s Spread Indicator facilitates and makes easier the execution of a very popular speculative investment strategy used in Wall Street called pairs trading. In applying a pairs trading strategy we are not interested in the price of each individual component but in the price difference between them. Pair’s Spread provides exactly this price difference or spread, making your trading decisions much easier. (see input parameters section for more details) Moreover Pair’s Spread Indicator has a
The Expert Advisor assists in opening and tracking open orders before they are closed. Usage Define entry point on one or several symbols according to your trading system. Set Magic to identify orders. Change Comment if necessary. In Simbols parameter, set necessary symbols indicating sell (minus sign) or buy (plus sign) and order sizes. Switch Start to true. After all specified symbols are closed, switch Start to false, so that specified orders are not opened anew after they are closed b
Dark Knight Expert Advisor (EA) is a trend-following trading system which is designed to meet Take Profit> StopLoss principle and have a clear profitability in 99% backtests. The EA has a unique two-level trend filter that can reduce to minimum the opened position(s) in the wrong direction. With this efficient tool Dark Knight EA easily hit well over 50% of profitable trades. Because of the relative higher TakeProfit (TP) level and the built-in spread filter Dark Knight EA can be run efficientl
Flexible, affordable and predictable Expert Advisor based on a great strategy - for both beginners and experienced traders. It is not too complex, yet not primitive. The strategy is based on the advantageous joint operation of 5 divergence indicators (MACD, ADX, BBands, StdDev and OBV) that are used to reconfirm each-other’s signal on the same bar, i.e. the signal for opening is triggered by two (2) or more concurrent divergences (in some instances, in combination with an additional reversal i
This indicator looks for the Price Action OutSideVerticalBars (Outside bar) patterns and sets a signal pointer on the base bar and a pending order level on the signal bar. It also generates a signal about the detected pattern. BUOVB - Bullish Outside Vertical Bar. The signal bar completely covers the previous one, its Close price is above the High of the previous bar. Enter a trade at the breakthrough of the High of the signal bar + filter (5-10 points). BEOVB - Bearish Outside Vertical Bar.
This is a script that can close all Buy and Sell Orders by a selected symbol. When orders cannot be closed, a sound alert is played. In this case, you can run the script again. If you don't have any open orders or you don't have orders for selected symbols or the orders were closed successfully, the alert "No orders to close. Selected orders closed successfully" appears. Also, blue objects are displayed on the chart near the close price. Input Parameters: EURUSD - YES/NO. Yes = close EURUS
The indicator searches for Rails PriceAction pattern. The pattern consists of two adjacent oppositely directed bars. Open and Close prices of the two adjacent bars included in the pattern should be located close to each other. It is desirable that the candlestick shadows are small enough. For the bearish pattern (the pattern's right candle is a bearish one), SellStop pending order is placed slightly below the pattern's Low. The initial stop is placed slightly above the pattern's High. For the
This indicator watches for the Price Action Inside Bar pattern, marks the current signal bar, displays levels for pending orders based on the prices of the mother bar and alerts you when the pattern is identified. An inside bar is a bar that is completely contained within the range of the preceding bar. In other words, it is a bar whose high is lower than that of the preceding bar and whose low is higher than the preceding bar's low. The bar preceding the inside bar is known as the "mother bar
The best way to monitor multiple pairs within little workspace. RotaGrafico sequentially displays up to 6 different pairs. It has buttons to set a pair more time for observation. Normal exposure time adjustable. Broad exposure time adjustable. Combine in a profile, Rotagrafico and use the rest of your workspace to the pair that you want to analyze in detail.
An indicator with a wide range of customizable parameters used for determining the current trend with the resistance and support levels depending on the current trend direction. After the current bar is closed values are not redrawn. The indicator can be used on any timeframe - simply choose appropriate settings before using it. Be especially careful when the price approaches the indicator levels it has moved far from it or when an arrow appears (indicating trend change) very far from the price,
The indicator finds pin-bars on a chart and marks them. Also it sets a signal pointer at the opening price of the candlestick following the found pin-bar. It has four parameters to filter candlesticks: MinCandleSizePT - the minimum size of the candlestick in points from High to Low, below which candlesticks are skipped. This parameter is specified like for the four-digit prices. MaxCandleBodySize - the maximum size of the candlestick body relative to its shadows. Set from 0 to 1. If the
The indicator watches for the Closing Price Reversal pattern. It is a strong reversal pattern, especially if formed after a fast movement. The signal bar opens with a gap from the previous bar's close, whereby the open price is next to the bar's high. The bar closes below the previous bar's close, whereby the close price is next to the bar's low (for the bearish setup). The same is mirrored for the bullish setup. The indicator marks the signal bar above/below and draws a level for setting a
This Expert Advisor uses patterns (adapted for MetaTrader 4). You can set patterns up to 5 candles and select parameters for the trading robot's operation. Since the patterns reflect trader's psychology, that facilitates more precise market entry and decreased drawdown improving the profits and reducing the risks. In addition, there are functions of position tracking that increase the system's profitability. These are stop loss, take profit and trail. Also, the trading robot can calculate the d
This indicator can display gold and silver charts on the same chart. The chart shows the correlation. It shows the minimum and maximum values. Input parameters: pair1 - first currency (XAUUSD). pair2 - second currency (XAGUSD). Offset - space between pair1 and pair2 (can be negative value). mirror - show mirror currency.
The indicator creates 2 dot lines representing an upper and lower bands and the main indicator aqua line as the price power. If the main line is swimming inside the bands, then you should wait and watch before entering the market. When the main line jumps out or in the bands, then you should make a long or a short position.
The EA is based on the PriceRiver indicator and has the same main input parameters: indPeriod, maMethod, appPrice, avgPeriod, avgMethod If UseMM (input parameter) = true, then Money Management system is switched on with PercentMM (input parameter) as a percent from Account Free Margin. The EA closes an open position when the profit exceeds the value of Profit input parameter.
Are you an harmonic trader? The AB=CD pattern is a 4-point price structure where the initial price segment is partially retraced and followed by an equidistant move from the completion of the pullback, and is the basic foundation for all harmonic patterns. Find harmonic retracements easily Learn the basics of harmonic patterns Useful to find cheap and expensive zones Customizable AC and BD ratios (for purists) Customizable breakout periods Visual/sound/push/mail alertsInspired by Sc
The Expert Advisor modifies StopLoss orders. The trading robot can be applied to any symbol window. It tracks all open positions and works with each of them. If necessary, information about the trading robot's operation can be displayed at the corner of the screen. P.S. I have been using this Expert Advisor for quite a long time already and finally found time to upload it to the market. The product is also available in MQL4 Code Base at the following link https://www.mql5.com/ru/code/8674
The indicator draws lines that can serve as support/resistance levels. The main and additional levels are displayed as lines, with the color and style defined by the user. Additional levels are only displayed for currency pairs without JPY. Please see the AUDUSD chart below. Yellow ovals indicate some characteristic points where price reaches one of the levels. Simply watch the indicator work on history and in real time mode. External parameters: Levels Step Size, points - step between a
About EA This is a mathematical EA that can survive in all market scenarios such as trending/ranging/sudden jump/low volatility. It is very sensitive to some important values, such as broker leverage, initial capital, spread, commissions, etc. Please refer to "Account and Optimal Setup" section. Otherwise, you will have losing trades instead of profitable ones. The recommended pair is GBPUSD. However, it is also suitable to the pairs with big average daily range, such as GBPAUD, GBPCAD, etc
Currency pairs never go up or down in a straight line. They rise and fall constantly, creating pullbacks and reversals. And with each rise and fall, so your emotions rise and fall. Hope, then fear, then hope. This is when the market will try to frighten you out of a strong position. It is when you are most vulnerable. But not if you have the Quantum Trend Monitor. And here, you even get two indicators for the price of one! The Quantum Trend Monitor has been designed to absorb these temporary p
MACD – multiple timeframes Indicator name: MACDMTF Indicator used: MACDTraditional multiple timeframe indicator always has an issue of REPAINTING, when a trader wants to establish his/her strategy using Multi-Time-Frame (MTF). Generally, you should know how MTF indicator re-paints. But I will explain with the following example: Suppose that you are using traditional MTF MACD (H4) in (H1) chart. At 15:20, the MACD (H4) dropped below water line (0 level). Now, what happens on H1 chart?
Moving Average - multiple timeframes Indicator used - Moving Average Traditional multiple timeframe indicator always has an issue of REPAINTING when a trader wants to establish his/her strategy using Multi-Time-Frame (MTF). Generally, you should know how the MTF indicator re-paints. But I will explain with the following example: Suppose that you are using traditional MTF Moving Average (H4) in (H1) chart. At 15:20, the Moving Average (H4) dropped from 1.30590 to 1.30550 in EURUSD. Now w
One of the oldest maxims in trading is ‘let the trend be your friend’. You must have come across it! This is easier said than done! First, you have to identify one, then you have to stay in – not easy. Staying in a trend to maximise your profits is extremely difficult. In addition, how do you know when a trend has started? It’s very easy to look back and identify the trend. Not so easy at the live edge of the market. The Quantum Trends indicator is the ‘sister’ indicator to the Quantum Trend M
Many Forex traders assume there is no volume in the foreign exchange market. And they would be correct. There is no central exchange, not yet anyway. And even if there were, what would it report? What there is however is activity, and this is captured as tick volume. After all, volume is simply displaying activity, the buyers and sellers in the market. So for volume read activity, and for activity read volume – simple. The MT4 platform delivers tick data which the Quantum Tick Volumes indicator
If you've been trading for any time, you will almost certainly have come across the concept of support and resistance. This powerful and simple concept lies at the heart of technical analysis. It forms the cornerstone of price action trading. Strange to consider therefore, that such a key component of the traders chart has largely been ignored. Most Forex traders still draw their lines manually, leading to a crude interpretation of these key levels. Even those companies who have developed a tra
For aspiring price action traders, reading a candle chart at speed can be learnt, but is a skill which takes years to perfect. For lesser mortals, help is required, and this is where the Quantum Dynamic Price Pivots indicator steps in to help. As a leading indicator based purely on price action, the indicator delivers simple clear signals in abundance, highlighting potential reversals with clinical efficiency. Just like volume and price, pivots are another ‘predictive’ indicator, and a leading
Have you ever wondered why so many Forex traders get trapped in weak positions on the wrong side of the market? One of the easiest ways the market makers do this, is by using volatility. A currency pair moves suddenly, often on a news release or economic data. Traders jump in, expecting some quick and easy profits, but the move suddenly moves in the opposite direction. This happens in all timeframes, and in all currency pairs. The candle or bar closes, with a wide spread, but then reverses shar
Script to calculate equity or balance at a specific date and time. This script makes up for a lack of MetaTrader account history, that does not show how the balance and equity changes in time. Balance calculation includes closed orders only. Equity calculation includes orders closed before and orders that are still open at the specified time. Example: date and time set to 04/01/2014 00:00. If I had a Buy 1 lot EURUSD position opened at price 1.37470, the program would calculate the PL that
Many Forex traders have either been told, or have learnt from painful experience, that the Yen currency pairs can be both dangerous and volatile to trade. The GBP/JPY is perhaps the most infamous and volatile of all. No wonder then, that many Forex traders simply stay away from the Yen currency pairs. But then they probably don’t have a very clear idea of where the Yen itself is heading. If they did, then trading the Yen pairs would be much more straightforward. And this is where the Quantum JP
The indicator gets all data from the file saved by Save History script and shows all history on the chart. Usage you can select file and folder before saving in MQL4/Files. To do that, buy Save History script you can choose a subfolder and file name and then simply see your trade history on the chart no need to log in your account; the data comes to your chart from the selected file you can implement this indicator on any chart, any symbol and any account you want. Then you can see your h
The US dollar sits at the heart of all the financial markets. It is the currency of first reserve. It is the ultimate safe haven currency, and it is the currency in which all commodities are priced. It is the currency which every Forex trader should consider – first! Having a view of the US dollar is paramount in gauging market sentiment, attitude to risk, and money flows into related markets and instruments. If you know which way the USD is headed – the rest is easy. The Quantum DXY indicator
We don’t want to become boring, but the US dollar is the most important currency for all traders, and not just in Forex. Trading without a clear view of the US dollar is like driving in fog. Sooner or later you are going to crash – it’s just a question of when. That’s why at Quantum we have developed two US dollar indices. The first is the Quantum DXY, and the second is the Quantum USDX. So what’s the difference? Well, the reason we created the Quantum USDX is that many Forex traders believe t
Your success as a forex trader depends on being able to identify when a currency or currency pair is oversold or overbought. If it is strong or weak. It is this concept which lies at the heart of forex trading. Without the Quantum Currency Strength indicator, it is almost impossible. There are simply too many currencies and too many pairs to do this quickly and easily yourself. You need help! The Quantum Currency Strength indicator has been designed with one simple objective in mind. To give yo
The VisualLotCalculator is a balance risk calculator that helps you find out exactly what lot size you should be using in a quick and fun manner. It allows you to change the SL distance by adjusting the entry or stop loss level or by dragging the thick red line representing the SL around the chart, with instant updates. Check out the video to see how it works.
This is an extended version of Keltner channel. You can use 21 types of Moving Average and 11 methods of calculating the indicator's center line. Moving Average types: Simple Moving Average, Exponential Moving Average, Wilder Exponential Moving Average, Linear Weighted Moving Average, Sine Weighted Moving Average, Triangular Moving Average, Least Square Moving Average (or EPMA, Linear Regression Line), Smoothed Moving Average, Hull Moving Average by Alan Hull, Zero-Lag Exponential Moving Averag
This is an extended version of the Envelopes oscillator. You can use 21 variations of the moving average and 11 price options for the calculation of the lines of the indicator. Moving Average types: Simple Moving Average, Exponential Moving Average, Wilder Exponential Moving Average, Linear Weighted Moving Average, Sine Weighted Moving Average, Triangular Moving Average, Least Square Moving Average (or EPMA, Linear Regression Line), Smoothed Moving Average, Hull Moving Average by Alan Hull, Zer
The indicator simply shows buy and sell positions located in the history of your terminal on the chart. Usage It is very simple to use. Log in to your account and only drag the indicator on any chart you want to see the history of your trades (Sell and Buy Positions) with Blue and Red Arrows for Buy and Sell positions. Thus, you can see when and at what price you opened Buy and Sell positions on the chart. It works on any pair, timeframe and account.
Save Your History Trade in a File The script saves history of your trades (only orders with profit, not cancelled orders) in the terminal as a csv file. Input Parameters Selectable directory name Selectable file name Selectable account number (save the file with your account name) – Yes/No Selectable account company name (save the file with your account company name) – Yes/No Selectable account type (save the file with a name of your account type) – Yes/No Notes If you set Yes f