Weekly USD/JPY Outlook: 2017, July 16 - July 23 (based on the article)
Dollar/yen attempted to move above the cycle high but was rejected. On its way down, it lost the uptrend line of support. The drivers were both political and monetary.
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 marke
Active Lines - a powerful professional tool for operations with lines on charts. Active Lines provides a wide range of actions for events when the price crosses lines. For example: notify, open/modify/close a position, place/remove pending orders. With Active Lines you can assign several tasks to one line, for each of which you can set individual trigger conditions, as well as conditions for re-activations and the number of possible activations.
Active Lines helps you easily organize various tr
This is a highly accurate, universal, multitimeframe instrument for traders following supply and demand levels.
Each chart candle is in fact a cluster – the smallest unit of market data on a price movement and a volume/effort put into this movement. The combination of these clusters (the chart itself), as well as different combinations of clusters on various timeframes provide sufficient data for analysis.
The indicator displays peak levels of activity formed by the maximum volume, tracks the
This script help user record the value of Moving Average and OHLC at the moment once deals happen.
The datas save as .CSV format file so you can quantitative analysis someone's trading.
Please input value of MA's parameters you like. It tells you the path of data file when script is stopped.
The Synchronized Charts script allows comparing bars of different symbols or different periods of the same symbol.
Attach the script to a chart and move bars or change the scale, all opened chart will move synchronously with the current one. The bars on different charts aligned to the border according to their open time.
This is a half scalping system that analyzes the market using a transmission function and price movement speed.
This Expert Advisor is intended for trading on EURUSD, however it can run on other currency pairs. Please use the M1 timeframe.
You should optimize only two parameters: Seconds_to_move and TradePrice. It is sufficient to optimize Bobra Adept only once, for example, for a half year period. After that, Bobra Adept shows good results on a forward period (or backward in my case). This ca
Three variables are available for every strategy, any one of them can be disabled, their period can be changed.
type_order=ORDER_FILLING _FOK - order filling type.
ReverseTrade=false — trades opens in reverse direction if true. ExitOnBar=true — trades close on each bar only. spreadcover=false — Spread you pay includes in profit trades. It's like trade with zero spread but you should remember that it can decrease exact match between tester's result and live one. It
This indicator incorporates the volume to inform the market trend. A warning system (chart, SMS and e-mail) is incorporated for warning when a certain level is exceeded.
Developed by Marc Chaikin, Chaikin Money Flow (CMF) measures the amount of Money Flow Volume (MFV) over a specific period. Money Flow Volume forms the basis for the Accumulation Distribution Line. Instead of a cumulative total of Money Flow Volume, Chaikin Money Flow simply sums Money Flow Volume for a specific look-back
The indicator determines the inside bar and marks its High/Low. It is plotted based on the closed candles (does not redraw). The identified inside bar can be displayed on the smaller periods. You may set a higher period (to search for the inside bar) and analyze on a smaller one. Also you can see the levels for Mother bar.
Period to find Inside Bar — the period to search for the inside bar. If a specific period is set, the search will be performed in that period. Ty
Auto Trade Driver is an automatic powerful tool (run as Expert Advisor) that helps you to manage risk and control orders and maximize your profit in multi-protect/trailing-stop rules.
This tool is very useful for both scalpers and trend followers. It not only calculates the trade risk exactly, but also protects and maximizes your profits in real-time.
With this tool, the only thing you have to do is to enter trade by your own strategy, then it will auto-drive your position with exit strategy y
The most profitable trend traders are the ones who know how to recognize not only the market trend, but also the trading opportunities that arise once a trend has been established. The Pz Trend Trading indicator has been designed to profit has much as possible from trends taking place in the maket.
Established trends offer dozens of trading opportunities, but most trend trading indicators neglect them completely, and leave the trader completely uninformed about what the market is doing during a
VirtualTradePad - is a contol panel for working with orders in МetaТrader 5 : buy, sell, buystop, buylimit, sellstop, selllimit, close, delete, modify, tralling stop.
VirtualTradePad won 2nd prize in the "Best Control Panel in the MQL5 Language" Contest.
The panel consists of 5 tabs.
VirtualTradePad PositionsStyle VirtualTradePad Ordersstyle VirtualTradePad SignalsStyleDemo version of the panel - VirtualTradePad LiteProfit or Loss PadINFO PadYou can also try this panel for
The Trade Manager Pro EA is a MetaTrader Expert Advisor that performs position management for you avoiding human errors and enhancing your trading activity.
Amazingly easy to use Trade easily from the chart Trade with precise risk management, hassle free Capital preservation is top priority Let profits run without your attention Enjoy risk-free trades as soon as possible Automatic trailing stops for all opened trades Initial stop losses are placed as soon as trades are
Open interest (current) is the total volume of effective contracts (futures, options) for which there have been no calculations yet. In MetaTrader 5 an open interest is displayed as "Open Interest" in "Details" tab of the "Market Watch" window, but it is not available as an indicator. This product displays the open interest as a candle chart for all trading instruments for which it transmitted to MetaTrader 5.
Easy to use - it does not have any specific parameters. Color and le
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
The main purpose of the indicator is to detect and mark trade signals on the histogram of the Awesome Oscillator according to the strategies "Trading Chaos, second edition" and "New Trading Dimensions".
The indicator detects and marks the following trade signals:
"Two peaks" - Divergence. The signal "Second wise-man" - third consequent bar of the Awesome Oscillator after its color is changed. The histogram crosses the zero line. The signal "Saucer".The indicator includes a signal block th
Fast Copy MT5 allows you 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
MT4 → MT5 MT4 → MT4 MT5 → MT5 MT5 → MT4
* For the MetaTrader 4 terminal — Fast Copy MT4
* For the MetaTrader 5 terminal — Fast Copy MT5
** Before the purchase, you can test the program by downloading the free demo versions — Fast
Cluster analysis of volumes is now available in MetaTrader 5!
The YuСlusters indicator is a professional tool for analyzing the trading volumes. The cluster graph is plotted based on tick data. For the exchange financial instruments these are the volume, type and price of a deal. For the Forex instruments - the real or tick volume (depending on the broker) and Bid price.
There are 6 criteria of cluster generation:
Time interval, the criterion is set in seconds. Price range, the criteri
A script for opening a grid of orders
If you need to quickly open several pending orders (Buy Limit, Sell Limit, Buy Stop, Sell Stop) on a certain distance from the current price, this script will do all the routine for you! Allow AutoTrading before running the script.
Run the script on a chart.
Language of messages displayed (EN, RU, DE, FR, ES) - language of the output messages (English, Russian, German, French, Spanish). Price for open - open price. If set to
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.
Note: Demo version for testing can be downloaded at: https://www.mql5.com/en/market/product/5006.
Followings are highlight features:
Switch between Provider or Receiver role within one tool.One provider can copy tr
My Money Manager like a risk controller, which places your trades with the exact volume that meets your desired stop loss risk.
It can also help you to preview your EP/SL/TP levels before placing an order by dragging these levels directly on a chart, and keep reporting about them during the position opening.
With this tool, you will feel more comfortable when deciding to open orders, as well as forecasting your profit/loss with your orders. Placing orders is a very precise and profe
Scalper with Automatic Parameter Setting
Would you like to have an Expert Advisor that could automatically calculate trade parameters and adjust to the current market situation?
We present you our new development for the Forex market. This is a tick scalper for МТ4 and МТ5 - TickSniper.
Trading with it is fully automated. Forget continuous monitoring - this Expert Advisor trades independently. Its settings have been optimized over the course of testing on our real accounts.
FULL Automatic is a fully autonomous trading robot for MetaТrader 5 without configurable parameters.
It is designed 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 automatically. The robot does not open n
This indicator has been created by a former hedge-fund employee and it automatically identifies when a divergence occurs between price and an oscillator. It can identify both bull and bear divergence and it is pre-loaded with four of the most popular oscillators. You can choose from RSI, MACD, Stochastics and CCI.
Remember: When a divergence occurs, it means that price and momentum are not in agreement. And divergence signals are widely used by institutional traders to identify potential revers
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
The indicator has standard settings. The new modification of indicator provides special marking of the segment when the moving averages begin to form a cross in one direction or another. The Alligator`s cross indicates that the trend is about to change. Modified Alligator helps traders to determine a trend on a particular timeframe even if the averages are intertwined and have a shift in the future. Direction of a trend is determined by a cross of the averages with a specified marking area on th
The Expert Advisor uses the strategy of trading the Fibonacci levels. As the basis for placing a grid, the EA uses the ZigZag indicator (included in the standard MetaTrader delivery).
First, the EA determines the trend direction. To do that, according to the Dow theory, it uses the last two Highs and last two Lows of the ZigZag.
If the last High is higher than the previous and the last Low is higher than the previous, the EA considers the trend to be ascending. If the last High is lower
The indicator represents an additional chart window with a lower time frame where bars are combined into groups that are equivalent in time to main chart time frame. Bars are synchronized by the right hand side of the window, i.e. the time of the last bar in the main window corresponds to the time of the last bar group in the additional window. The maximum number of groups is 16; the maximum number of bars combined into groups in the additional window is 256. Limitations on the numbers are requi
This trading panel has been developed for fast and comfortable operation of the financial markets. It is equipped with the necessary functions for manual and semi-automated trading. Due to the presence of the order trailing feature, trailing stop and automatic closure by equity, profit, time. You can use it to automate your trading system. All you have to do is open a position and set the parameters for maintenance, everything else will be handled by the EA. If you want to limit your losses, set
Ermou Street rather than an expert or an indicator is a all-in-one trading assistant easing your trading sessions by providing signals and notifications. It's an assistant rather than a robot - "an assisted steering rather than an autopilot", and now, it autoadjusts itself to any instrument, any timeframe & any circumstance.
First, you should watch the video. Then here's some explanation:
By default, attaching Ermou Street to a chart, you’ll get:
A panel Signals: buy (default b
Forum on trading, automated trading systems and testing trading strategies
ECB Meeting on Thursday.
Thomas Lawson, 2017.07.15 16:15
Weekly Fundamental Forecast for Dollar Index (based on the article)
Dollar Index - "Next week brings no high-impact data out of the United States, and on Saturday the Federal Reserve enters the ‘quiet period’ before their next rate decision on July 26th. The bigger market-wide events are rate decisions out of Europe and Japan along with an updated inflation print out of the U.K.; and this will likely be where the bulk of market participants’ attention remains. From what we’ve seen of recent – both the ECB and the BoJ have made efforts to talk-down their currencies and, if they’re effective next week, this could bring a modicum of strength to the U.S. Dollar that would essentially amount to a retracement of the ‘bigger picture’ bearish trend."
Weekly Fundamental Forecast for GBP/USD (based on the article)
GBP/USD - "Traders in the British Pound will be focused on Tuesday’s UK inflation data for June in the week ahead. That would certainly strengthen the position of the doves on the Bank of England’s monetary policy committee, who only just outnumbered the hawks pressing for an interest-rate increase at their last meeting. With news likely too in the coming week of stronger UK retail sales, the impact on the British Pound could well be negative."
Weekly Fundamental Forecast for USD/JPY (based on the article)
USD/JPY - "On balance, this means the BOJ may need to resort to heavier artillery. Recently disappointing economic news-flow may have defused the need an immediate shake-up of the policy mix, deflating the risk-on swell a bit dialing back upward pressure on bond yields. Signaling the clear prospect of stimulus expansion seems necessary however. In fact, a status-quo announcement may well result in unhelpful Yen gains."
Weekly Fundamental Forecast for AUD/USD (based on the article)
AUD/USD - "The first big risk event will come Monday with the release of China’s Gross Domestic Product numbers for the second quarter. The markets are looking for a chunky 6.8% annualized gain and it will be interesting indeed to see how the actual result affects the Aussie. The initial reaction will probably mirror the strength or weakness of the number, but the extent to which this price action holds will show us the way in which China is driving the currency now."
Weekly Fundamental Forecast for USD/CAD (based on the article)
USD/CAD - "With the Canadian economy now projected to grow an annualized 2.8% in 2017, the BoC may layout a more detailed exit strategy the as ‘output gap is now projected to close around the end of 2017, earlier than the Bank anticipated in its April Monetary Policy Report (MPR).’ The material shift in central bank rhetoric suggests Governor Poloz and Co. may even consider a series of rate-hikes especially as ‘the factors behind soft inflation appear to be mostly temporary.’"
Weekly Fundamental Forecast for USD/CNH (based on the article)
USD/CNH - "At the same time, the risk of trade disputes with major counterparts remains elevated for China. The U.S.-China Comprehensive Economic Dialogue to take place on July 19th aims to avoid such conflicts and to develop a bilateral economic plan for the coming year. U.S.’s trade deficit with China is one of the issues that Trump administration focuses on. After the Trump-Xi summit in April, the two largest economies reached a 100-day trade deal, which was seen as the first step to resolve disagreements on trade. As China is still in the transition period from export-driven to domestic-consumption-driven, it will have to continue to rely on the global demand for a considerable amount of time. As a result, reaching an agreement yet not compromising too much will be a delicate dance for China to play in the meeting next week."
Weekly Fundamental Forecast for GOLD (XAU/USD) (based on the article)
XAU/USD - "The June Consumer Price Index (CPI) & Retail Sales figures came in shy of consensus estimates on Friday, fueling another sell-off in the dollar. The data comes on the back of this week’s semi-annual Humphrey Hawkins testimony before congress where Fed Chair Janet Yellen cited a more dovish outlook on monetary policy. The committee judged that “because the neutral rate is currently quite low by historical standards, the federal funds rate would not have to rise all that much further to get to a neutral policy stance.” At the same time, Yellen left the door open for further easing measures should market conditions deteriorate."
Weekly Fundamental Forecast for Crude Oil (based on the article)
Crude Oil - "While Crude Oil rose this week to the tune of ~5%, there were other factors that caught the attention of investors like the surprisingly weak US CPI on Friday, which shows how difficult of a job the Fed has a head of themselves. It is important to note that a key component of inflation is energy, but we could may still be a respectable distance away from seeing crude put upside pressure on inflation measures."