Gold Climbs Above $1,200; Silver Rises (based on blogs.barrons article)
Gold finished higher Tuesday after notching small losses the day before.
Gold for February delivery rose 1.6% to $1,200.40. Silver for March delivery rose 3.2% to $16.28.
Concerns about Greece’s fast-approaching elections amid a looming deadline related to the country’s debt bailout were helping gold, along with weakness in the U.S. dollar.
However, while gold is up for the week, it will still need to rise at least 0.2% tomorrow to not end 2014 in the red.
The script creates account summary report in a separate window.
The report can be created for all deals and on deals for selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
The script creates account summary report in a separate window.
The report can be created for all deals and for deals of the selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
Does not support openning multiple orders on a single symbol on MT5
MultiMTCopier MT5Receiver - new and improved multi-terminal positions copier for your real/demo account, works faster, requires less, flexible in managing and upgrading, new information support. This Expert Advisor is designed for the MetaTrader 5 terminal, trades will be copied into this terminal.
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Fast Copy MT5 allows to copy trades between different MetaTrader 5 (netting)(hedge) and MetaTrader 4 accounts in any direction and amount, quickly and easily (without loading the system).
Any type of copying is available MT5 —> MT5 MT5 —> MT4 MT4 —> MT5 MT4 —> MT4
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One tool for sending and receiving transactions: [master] > [slave] operation mode can be selected in th
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the market in
The script is intended for automatic placing of Sell Stop pending orders, Stop Losses and Take Profits on the user specified levels. This script is not that useful as "Virtual pending buy stop", since short positions are opened as Bid price crosses the levels. Thus spread widening is not dangerous. Nevertheless, you need to have this script to prevent unwanted hitting of the Stop Loss levels.
Automation of the process of placing the Sell Stop pending orders, Stop Losses and T
We present you an effective software solution for arbitrage between brokers.
The Arbitrage on the market became widespread due to decentralization. There are many liquidity providers, whose quotes differ for various reasons. By tracking the dynamics of changes in the quotes of different brokers, it is possible to determine the delayed and leading brokers, thereby predicting the future prices of the delayed broker for a short time. Knowing these prices and using efficient built-in software filte
The Stochastic Oscillator indicator is drawn on the tick price chart.
After launching it, wait for enough ticks to come.
Parameters: K period - number of single periods used for calculation of the stochastic oscillator; D period - number of single periods used for calculation of the %K Moving Average line; Slowing - period of slowing %K; Calculated bar - number of bars in the chart for calculation of the indicator.The following parameters are intended for adjusting the weight of signals o
This indicator allows you to enjoy the two most popular products for analyzing request volumes and market deals at a favorable price:
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The fractal analysis of the markets is used in the indicator operation algorithm. According to the fractals theory, after the breakthrough of the fractal level confirmed by the closing price located below or above the fractal, the trend wave in the direction of the breakthrough starts to develop. Until the fractal has been passed in the opposite direction, the trend is considered to be acting even if the price is flat or moves backwards. If a bullish fractal has been previously broken through on
Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones.
Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings and engulfing detecto
Easy Order is an Expert Advisor allowing you to enter any type of trade with one click based on your RISK preferences.
You can choose to enter a trade and automatically calculate your lot size based on how much of your account you want to risk. Risk is calculated based on your Stop Loss placement. You can use a fixed lot size if you don't want to use risk based calculation of lot size. Your previous setting of risk based or fixed lot size remains saved for your next use of this Expert Advi
This software has no equals in the world and represents a universal trade "console" covering trading signals, automated market entry, setting of Stop Loss and Take Profit, as well as Trailing Profit for multiple trades at the same time in a single open window. Intuitive control of the Expert Advisor in "three clicks" ensures a comprehensive use of all its functions on different computers, including tablets PCs.
Interacting with additional signal indicators that mark the chart to give a real mar
The indicator is an inter-week hourly filter.
When executing trading operations, the indicator allows considering time features of each trading session.
Permissive and restrictive filter intervals are set in string form. The used format is [first day]-[last day]:[first hour]-[last hour]. See the screenshots for examples.
Parameters: Good Time for trade - intervals when trading is allowed. Bad Time for trade - intervals when trading is forbidden.
time filter shift (hours) - hourly shift
CCFpExt is an extended version of the classic cluster indicator - CCFp.
Arbitrary groups of tickers or currencies are supported: can be Forex, CFDs, futures, spot, indices; Time alignment of bars for different symbols with proper handling of possibly missing bars, including cases when tickers have different trading schedule; Using up to 30 instruments for market calculation (only first 8 are displayed).Parameters
Instruments - comma separated list of instruments with a com
This is an utility for automatic scaling of a chart and making at least 140 bars visible in it. This is necessary for a correct wave analysis according to the Bill Williams' strategy "Trading Chaos". The utility can be used on any timeframe available in МetaТrader 5.
It draws a vertical line through the first bar the calculation starts from. This line allows you to see the probable starting point of the wave sequence along with a sufficient number of bars displayed in the chart. It also makes t
FULL Automatic is a fully autonomous trading robot for MetaТrader 5 without configurable parameters.
It is similar to SAFE Automatic robot intended for traders having no knowledge of trading basics. It works in Low, Medium, High and Extremal trading modes.
The EA applies modified versions of well-known strategies, including Elliott waves, following a trend, half-pyramiding, scalping, speculative trading with a double deposit protection. The EA switches the strategies automati
FourAverage: A Breakthrough in Trend Identification
With evolving information technology and increasing number of market participants, financial markets get less and less analyzable using good old indicators. Common technical analysis tools, such as Moving Average or Stochastic alone, are not capable of identifying the trend direction or reversal.
Can a single indicator show the right direction of the future price, without changing its parameters over 14 years' history, while at the same time
The Price Alerter for MetaTrader 5 is a simple and intuitive indicator for monitoring the price breakouts. Each indicator added to the chart creates its own horizontal line - that way each line has its own settings: name, chart, style, width, signals and is processed by the indicator that called it.
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The EASIEST way to manage your risk for each trade!
Add the indicator to your chart, configure a risk percentage (of account equity) Enter the number of pips for your stop loss into the text entry field that appears on the chart The position size to take will automatically be updatedThe product features two modes - a compact mode which allows entry of stop loss pips and shows the resulting lot size based on the percent risk setting, as well as an expanded mode that also shows
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Percent Crosshair is a powerful and easy percentage measure tool.
Measure the chart percentage very quick! Don't waste your time anymore!
Just attach the Percent Crosshair indicator in the chart, select crosshair mode at toolbars or press "Ctrl+F" and start using the crosshair as you always do! The percent measure will be next to the indicative price.
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There are 4 entry parameters:
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The indicator is intended for determining the spread and swap size, the distance for setting stop orders and stop losses from the current price allowed and the risk per 1 point in the deposit currency.
The indicator informs a trader about possible additional expenses and profits connected with transferring a position to the next trade session of the financial instrument. It also informs about the spread size and the distance of pending orders, stop loss and trailing from the current price. In a
The main purpose of the indicator is to determine and mark trade signals on the histogram of the Accelerator Oscillator, which were described by Bill Williams in his book "New Trading Dimensions". The list of signals:
The buy signal when the indicator histogram is below the zero line. The sell signal when the indicator histogram is below the zero line.The sell signal when the indicator histogram is above the zero line. The buy signal when the indicator histogram is above the zero line. The
Safe Automatic is a safe MetaТrader 5 trading robot working autonomously on a VPS server. The good results are achieved on EURUSD.
The EA applies modified versions of a trend-following strategy, half-pyramiding, scalping, Elliott Wave method and speculating trading with a deposit protection. The EA switches the strategies automatically. The robot does not trade at night from 10 p.m. to 4 a.m. (server time).
The robot was tested in the special tester on real ticks. Empirical e
Auto Trade Copier is designed to copy trades between multi MetaTrader 5 accounts/terminals with 100% accuracy.
With this tool, you can act as either a provider (source) or a receiver (destination). All trading actions will be copied from the provider to the receiver with no delay.
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Switch between Provider or Receiver role within one tool.One provider can copy tr
Does not support openning multiple orders on a single symbol on MT5
MultiMTCopier MT5Source - new and improved multi-terminal positions copier for your real / demo account, works faster, requires less, flexible in managing and upgrading, new information support. This expert is designed for terminal MetaTrader5 from which the position will be copied.
The EA will copy all positions without delays Additionally integrated notification in situations requiring user attention Butt
SafeZone is a method for setting stops on the basis of recent volatility, outside the level of market noise. It is described in "Come into my Trading Room" book.
In an uptrend, SafeZone defines noise as that portion of the current bar that extends below the low of the previous bar, going against the prevailing trend. It averages the noise level over a period of time and multiplies it by a trader-selected factor.
For long trades, SafeZone subtracts the average noise level, multiplied by a fac
This indicator searches for candlestick patterns. Its operation principle is based on Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris.
If a pattern is detected, the indicator displays a message at a bar closure.
This indicator is a complete analog of the Candle Pattern Finder indicator for MetaTrader 4
It recognizes the following patterns: Bullish/Bearish (possible settings in brackets):
Hammer / Shooting Star (with or without confi
The indicator analyzes the volume scale and splits it into two components - seller volumes and buyer volumes, and also calculates the delta and cumulative delta.
The indicator does not flicker or redraw, its calculation and plotting are performed fairly quickly, while using the data from the smaller (relative to the current) periods.
Full recalculation of data is performed once per minute, when a new candle opens on the M1 timeframe, or in case of a user activity, namely, when scrolling the ch
This is a linear indicator of a currency power having the ability to filter by smoothing values. It shows the current power of selected currencies (the maximum number is 8), as well as historical values. The product is based on CPM Extended MT5. Calculation depends on the selected chart timeframe the indicator is launched at.
iPeriod - number of bars used to analyze currency power. HistoryBars - number of calculated bars on history. The parameter affects execution time during the first launc
Gold continues to shine as the best safe haven (based on smh.com.au article)
Gold has retained its status as a safe-haven investment, despite the
rising strength of the US dollar and turmoil elsewhere in commodity
The price has remained stable in 2014 and what's more,
experts believe that the long-term outlook for the precious metal is
well supported over the coming year. The price of gold ended 2014 almost
unchanged on 12 months ago, closing on Wednesday at around $US1,184
($1,449.48) an ounce after starting the year at $US1,205. Fears of a
crash in the price were overblown.
Goldman Sachs has now set its long-term forecast for the
price of the yellow metal at $US1,200 an ounce for the next three years.
The investment bank estimates that this is the break-even
price for the majority of gold miners once all costs such as
exploration, management and mine repairs are included.
As such, the price of gold may well fall below $US1,200 in the year
ahead, but lower prices would force loss-making miners out of business
and reduce supply, helping prices to recover eventually.
Mark Bristow, chief executive of FTSE 100 miner Randgold
Resources, has said: "The [gold-mining] industry is clearly stuffed at
$US1,140 and it will be a bloodbath at $US1,000."
Hunter Hillcoat, from broker Investec's natural resources
team, has set a price forecast of $US1,150 an ounce for next year. The
Investec team sees a resurgence in the US dollar, rising interest rates
and falling inflation as challenges for the year ahead.
The price of gold has an inverse relationship with the
world's reserve currency, the US dollar. A fundamental shift in American
monetary policy last year has removed the main driving factor behind
the price of gold during the past decade.
As the price of gold has fallen from a peak of $US1,900 in
May 2011, investors have reduced their exposure. Holdings in gold
exchange-traded funds, which allow investors to buy shares in a fund
that tracks the gold price, have fallen in the past 12 months.
Trading Video: A Big Picture Technical Look at FX and Capital Markets for 2015 (based on dailyfx article)
Whether you are a short-term scalper or a more patient swing trader, taking a step back to look at the 'bigger picture' can help your trading. We have these past weeks looked at the bigger picture for fundamentals and general market conditions. So, to start off the New Year, we will look at the alluring big-picture technical patterns that have taken shape across the FX and capital markets. Incredible runs like that from USDollar, tentative massive breakouts from EURUSD and EURGBP, and the specter of reversal from the likes of USDJPY and EURJPY offer incredible potential for 2015. Combine the fundamental and market conditions views for the New Year with today's Trading Video technical overview to find your favorite setups.
Forum on trading, automated trading systems and testing trading strategies
Something Interesting in Financial Video January 2015
newdigital, 2015.01.03 07:47
Jim Rogers 2015 Forecast Buy Gold , Bull Market will come
AUD/USD Monthly Technical Analysis for January 2015 (based on fxempire article)
The AUD/USD starts out 2015 in a position to decline further after a
weak close in December. Last month, the Forex pair reaffirmed its
downtrend on the monthly chart with its sustained move under the
previous main bottom at .8659 and the major 50% level at .8545. Both of
these prices are resistance in January. Additional resistance angles
come in at .8544 and .8556. The best area to sell on a retracement is
the resistance cluster at .8544 and .8545.
The main range was formed by the July 2008 bottom at .6008 and the
July 2011 top at 1.1080. Its retracement zone at .8545 to .7945 is
currently being tested. Last month’s sharp decline through the upper or
50% level at .8545 means the selling pressure is real which makes the
Fibonacci level at .7945 the primary downside target in January. Trader
reaction to this price will set the tone for the month.
If the selling pressure is strong enough to take out .7945 with
conviction then look for the break to extend into the next uptrending
Gann angle at .7508.
Oversold conditions could produce periodic short-covering rallies,
but these rallies are likely to set up fresh shorting opportunities.
Bearish traders should continue to press the market unless .8544 is
taken out and this seems pretty remote given the fundamentals.
Fundamentally, the combination of a weak Australian economy and the
impending Fed interest rate hike sometime between April and June should
be the forces driving the AUD/USD lower in 2015. Low iron ore prices and
a weakening economy in China are two forces weighing on the Australian
economy. The interest rate differential is favoring the U.S. at this
time. This should be the key fundamental factor to focus on this year.
EUR/USD Monthly Technical Analysis for January 2015 (based on fxempire article)
The new year begins with the interest rate differential strongly
favoring the U.S. Dollar over the Euro. Simply stated, the U.S. Federal
Reserve is getting ready to raise interest rates in 2015 while the
European Central Bank is gearing up for a fresh round of quantitative
easing (QE). Rates should rise in the U.S. and should fall in Europe,
increasing demand for the Greenback.
The key factor that will determine the ECB’s decision on quantitative
easing will be inflation. The central bank is trying desperately to
prevent deflation from creeping into the economy. Inflationary spikes
can be tolerated because the central banks have aggressive tools to
fight this. However, deflation is a difficult challenge because central
bank weapons are limited.
The ECB will start to get important inflationary data early in the
month which should cause a volatile reaction from traders in either
direction. The first key date to watch is January 7. On this date,
traders will get the opportunity to react to the latest CPI Flash
Estimate and Core CPI Flash Estimate. These reports should determine
what the ECB will do about QE at its monetary policy meeting on January
Oversold conditions could produce periodic short-covering rallies
throughout the month, but these rallies are likely to set up fresh
shorting opportunities. The monthly chart indicates that the
fundamentals are bearish and even if they did begin to change, it would
take several months to clear out the shorts and form a bottom.
The key number to watch early in the month is the July 2012 bottom at
1.2042. This is the first major downside target so traders may try to
take care of this price early in the month. If the selling pressure
persists then look for the downside momentum to continue down to the
June 2010 bottom at 1.1876.
The 1.2042 price level may be treated like a pivot throughout the
month. A sustained move above it may even trigger a rally back to
1.2341, but this is unlikely to occur unless the ECB backs away from
implementing QE this month.
The initial reaction to QE should be bearish for the Euro. The size
of the break will be determined by the size and length of the program.
Some optimistic investors feel the EUR/USD will decline during the first
quarter of 2015, but will strengthen throughout the year because the QE
will start to help stimulate the Euro Zone economy. Others feel that
the U.S. faces too much exposure to China and this could derail its
GBP/USD Monthly Technical Analysis for January 2015 (based on fxempire article)
The GBP/USD opens up the new year in a weak position. 2015 begins
with the interest rate differential in favor of the U.S. Dollar. This is
180 degrees from last December when investors were making powerful bets
that the Bank of England would raise interest rates before the U.S.
The British Pound topped in July 2014 when it started to become clear
to traders that the BoE didn’t have the all clear signal from the
economy to begin hiking rates. Like many of the major economies, the
U.K. is battling to keep inflation above its benchmark 2 percent level.
This is the story that will concern investors throughout the new year.
Since the U.S. Fed appears to be on a path toward an interest rate
hike sometime between April and June, the first quarter and perhaps the
second quarter will have to be conceded to the U.S. Dollar. This means
the GBP/USD will continue to trade sideways to lower at least during the
first half of the year.
The year ended with the Forex pair trading on the bearish side of a
major retracement zone at 1.5720 to 1.6001. This levels are key
resistance in January.
December’s close at 1.5580 has created some interesting set ups for
the month. The first thing traders should note is that the close is on
the strong side of the angle that guided the market lower for 5 months.
This angle is at 1.5270. Crossing to the bearish side of this angle will
put the market in a weak position.
The nearest angle to watch is an uptrending angle at 1.5532. This
angle held as support last month so buyers do recognize it. Holding this
angle could lead to an early short-covering rally and a slight upside
The tone of the market will be determined by trader reaction to
1.5532. Holding this angle could create enough upside momentum to
trigger a short-covering rally into 1.5720.
A failure to hold 1.5532 will mean that sellers have a firm grip on
the market and are likely to try to press it into at least 1.5270 in
The new year starts with the U.S. Federal Reserve on a path toward
raising interest rates sometime between April and June. The Bank of
Japan is committed to keeping interest rates low in order to weaken the
Yen and attract fresh export business. On paper, there doesn’t appear to
be anything in the works that could derail the USD/JPY rally.
The strength of the U.S. Dollar over the Japanese Yen should continue
throughout 2015 simply because the interest rate differential favors
the Greenback. Overbought conditions could trigger profit-taking breaks,
but for the most part, the pressure should be to the upside.
Any surprises with the U.S. economy that could encourage the Fed to
back away from or delay an interest rate hike could also lead to
weakness. However, this is likely to show up in the U.S. economic
reports especially the labor market statistics and inflation data. As
long as the U.S. continues to add jobs each month, the Fed should remain
on a path toward an interest rate like by mid-year or even sooner.
A stock market sell-off could also encourage Japanese investors to
repatriate their money. This may also cause a minor glitch in the solid
uptrend, but at this time, the trend doesn’t appear to be in any danger
of changing. In addition, if the market gets “too” bullish or gets hit
with periods of excessive volatility, the BoJ may intervene to calm
things down, but the chances of this occurring are pretty remote at this
Technically, the USD/JPY closed the year in an uptrend and straddling
a major Fibonacci level at 120.11. Overtaking this level with
conviction and sustaining the move could lead to a test of the June 2007
top at 124.13 this month.
A failure to overtake 120.11 will indicate investor indecision which
could trigger a break back to the nearest uptrending support angle at
The tone of the market this month will be determined by trader
reaction to 120.11. The tone of the market for 2015 will be determined
by investor reaction to 119.825. Keep this price on your charts all
Gold forecast for the week of January 5, 2015, Technical Analysis (based on fxempire article)
Gold markets did
very little during the course of the week, essentially bouncing around
just below the $1200 handle. Because of this, it appears of the market
is ready to go sideways in the near term, although there is still a bit
more of a negative bias at the moment. If we managed to get above the
$1250 level, at that point time we would be comfortable with longer-term
buying opportunities. Ultimately though, we feel that this market
really doesn’t have a lot of momentum one way or the other, so therefore
we are on the sidelines as far as long-term trades are concerned.