The price is started with primary bullish on open bar after secondary ranging finished on D1 timeframe trying to break 1.3716 and 1.3811 resistance levels on close bar.
On H4 timeframe - the price is ranging between 1.3688 support and 1.3893 resistance for ranging with secondary correction started. If Chinkou Span line will break historical price from above to below, and if the price will break 1.3688 support - we may see good downtrend with the trend reversal from bullish to primary bearish.
W1 timeframe - the flat is going on for the few weeks, and if the price will breal 1.3817 resistance so the primary bullish will be continuing with good possibility to open buy trade, otherwise - flat and ranging market condition will be continuing.
the price will break 1.3688 and 1.3679 supports on H4 timeframe - the trend will be reversed to primary bearish for H1 and to secondary correction on D1 which may be risky to open sell trade.
UPCOMING EVENTS (high/medium impacted news events which may be affected on EURUSD price movement for this coming week)
2013-12-30 15:00 GMT (or 16:00 MQ MT5 time) | [USD - Pending Home Sales]
2013-12-31 14:45 GMT (or 15:45 MQ MT5 time) | [USD - Chicago PMI]
2013-12-31 15:00 GMT (or 16:00 MQ MT5 time) | [USD - Consumer Confidence]
2014-01-01 01:00 GMT (or 02:00 MQ MT5 time) | [CNY - Manufacturing PMI]
2014-01-02 01:45 GMT (or 02:45 MQ MT5 time) | [CNY - HSBC Final Manufacturing PMI]
2014-01-02 08:15 GMT (or 09:15 MQ MT5 time) | [EUR - Spanish Manufacturing PMI]
2014-01-02 13:30 GMT (or 14:30 MQ MT5 time) | [USD - Unemployment Claims]
2014-01-02 15:00 GMT (or 16:00 MQ MT5 time) | [USD - ISM Manufacturing PMI]
2014-01-03 01:00 GMT (or 02:00 MQ MT5 time) | [CNY - Non-Manufacturing PMI]
2014-01-03 08:00 GMT (or 09:00 MQ MT5 time) | [EUR - Spanish Unemployment Change]
Please note : some US (and CNY) high/medium impacted news events (incl speeches) are also affected on EURUSD price movement
SUMMARY : bullish
TREND : ranging
The Expert Advisor implements the classic "triangular arbitrage", which is successfully used by hedge funds.
Arbitrage refers to a class of neutral-market strategies, in which the profit or loss of open positions does not depend on the direction of the market movement as a whole.
In order to take profit, the EA exploits a weak spot of market makers - it utilizes the difficulty of combining cross rates of individual currency pairs.
The advantages of the strategy are the following:
Cluster analysis is now available in MetaTrader 5!
YuСlusters indicator builds a cluster graph based on tick data. For exchange instruments it is the volume and the last deal price, for Forex instruments it is the real or tick volume (depends on broker) and selectable type of the current price: Bid, Ask or (Bid+Ask)/2.
There are 5 criteria of cluster generation: Time interval, the criterion is set in seconds. Price range, the criterion is set in points. The current cluster is closed when the
qAutoActivation indicator is one of the main components of Trading Chaos Expert trading expert panel. The indicator displays the current trend on the current timeframe. This is the first indicator that is attached to the chart and saved in the trading complex template. It defines what trading signals from the expert panel should be automated for market entry (bullish or bearish ones).
When the trend changes, the indicator changes the line color and, at the same time, highlights the trading pane
This is the first public MQL5 indicator using the cluster filtering. The advanced smoothing effect allows the digital filter to transform an ordinary moving average into a new faster indicator providing fewer false signals. At least, that is the purpose of the new experimental project. The project stages and ClusterSMA features are described in the author's blog (in Russian).
The indicator is based on the cluster digital filter that is successfully used in another area. At the time of publicati
Does not support hedging 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 Buttons for re
The indicator calculates the actual status of your position on FORTS market. Since your position is re-calculated after each clearing on FORTS and other futures markets, you can see the status of your position on the chart and in the "Profit" section only starting from the last re-opening (clearing). The indicator solves this issue by displaying the level of the very first deal opening, the actual profit, swaps, and commissions. The product is most useful for mid-term and long-term deals on FORT
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
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 a downtrend, SafeZone defines noise as the portion of the current bar that extends above the high of the previous bar, against the downtrend. It averages the noise level over a period of time and multiplies it by a trader-selected factor.
For short trades, it adds the average noise level, multiplied by a factor, to the latest hig
The trade strategy is based on three moving averages. To determine the trend, it uses three exponentially smoothed moving averages: FastEMA, MediumEMA and SlowEMA.
Buy signal: FastEMA>MediumEMA>SlowEMA (upward trend).Sell signal: FastEMA<MediumEMA<SlowEMA (downward trend).Input parameters:
Inp_Signal_ThreeEMA_FastPeriod = 8;Inp_Signal_ThreeEMA_MediumPeriod = 38;Inp_Signal_ThreeEMA_SlowPeriod = 48;Inp_Signal_ThreeEMA_StopLoss = 400;Inp_Signal_ThreeEMA_TakeProfit = 900;Inp_Money
TTMM – "Time To Make Money" – Time When Traders Makes Money on the Stock Exchanges
The ТТММ trade sessions indicator displays the following information:
Trade sessions: American, European, Asian and Pacific. (Note: Sessions are displayed on the previous five days and the current day only. The number of days may change depending on the holidays - they are not displayed in the terminals. The sessions are also not displayed on Saturday and Sunday).
The main trading hours of
I have developed this long-term trading strategy based on the relative strength index (RSI) indicator. Although the input parameters can be optimized for any currency pair, best results are achieved using EURUSD M15. The default parameter settings are for EURUSD M15.
The following parameters can be optimized:
Take profit: the strategy makes use of the current market volatility in order to determine the take profit (TP) and stop loss (SL) values of each trade AUTOMATICALLY. Take profit determ
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.
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 script allows users to easily close positions if their profit/loss reaches or exceeds a value specified in pips.
Please set slippage value first. Sometimes some positions do not close due to high volatility of the market. Please set larger slippage or restart the script.
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
Multi-TimeFrame version of the Super Trend (SuperTrend) indicator with filling function based on MQL4 code.
TimeFrame - used time frame:
Can be any of ENUM_TIMEFRAMES values.
TimeCorrection - use time correction:
Can be true or false (see the first screenshot with true input and a second is false).
Period - period to calculate the index:
Can be larger than 0. Multiplier - value of multiplier parameter:
Can be larger than 0. ShowFilling:
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
Purpose and functions of the indicator
The indicator determines and marks the moments of trend change on a chart based on the theory of fractal levels breakdown on any time frames. If a breakdown based on all rules is real, the horizontal lines will appear on the chart with corresponding color. If there is an up trend, the line will be blue. In the descending trend the line will be red. The blue line is a strong support level, the trader should look for buying opportunities above this line. The
PipTick VSA is based on the original Volume Spread Analysis method. It was designed for quick and easy recognition of VSA patterns. Even though this indicator looks very simple, it is the most sophisticated tool that we've ever made. PipTick VSA indicator is a really powerful analytical tool that generates very reliable trading signals. Because it is very user friendly and understandable, it is suitable for every type of trader, regardless of his experience.
What is VSA?
VSA - Volume Spread An
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
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 program also takes the news calendar into account: the robot does not enter the market in a 10-minute interval before and after a news rel
Pipfinite creates unique, high quality and affordable trading tools.
Our tools may or may not work for you, so we strongly suggest to try the Demo Version for MT4 first. Please test the indicator prior to purchasing to determine if it works for you.
We want your good reviews, so hurry up and test it for free...we hope you will find it useful.
Trend Laser with Volt Impulse
Strategy: Confirm impulsive signals Watch Video: (Click Here)Trend Laser with Energy Beam
VirtualTradePad is a panel for managing main orders in МetaТrader 5: Buy, Sell, Buy Stop, Buy Limit, Sell Stop, Sell Limit, Close, Delete, Modify, Trailing Stop.
This version is for informational purposes. Analyzing the main trade strategies using 10 indicators and 8 timeframes, the panel draws signal direction.
This pane is a part of the VirtualTradePad series that took 2-nd place in the Best Graphic Panel.
A free of charge demo version - VirtualTradePad Lite.
х - no s
Trading Chaos Expert Lite is a light version of Trading Chaos Expert. In the Lite version it is not possible to receive the table of trading signals, automatically place pending orders based on them and maintain open positions for multiple symbols at the same time in one window. Only the Current Chart mode is available. In all other features the panel is fully consistent with the basic version of the Expert Advisor.
This is, rather, a well thought out trader's assistant which is not easy to do
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 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
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
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
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
This indicator allows you to enjoy the two most popular products for analyzing request volumes and market deals at a favorable price:
Actual Depth of Market Chart Actual Tick Footprint Volume ChartThis product combines the power of both indicators and is provided as a single file.
The functionality of Actual COMBO Depth of Market AND Tick Volume Chart is fully identical to the original indicators. You will enjoy the power of these two products combined into the single super-indicator!
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2013.12.29 18:10
EURUSD Technical Analysis : December 30 - January 3
The euro surged to the highest level since October 2011 against the U.S.
dollar on Friday, with moves amplified in poor year-end liquidity after
European Central Bank Governing Council member Jens Weidmann warned
against keeping interest rates low.
Monday, December 30Italy is to hold an auction of five-and-ten-year government debt. Meanwhile, the U.S. is to release private sector data on pending home sales, a leading indicator of economic health.Tuesday, December 31Markets
in Germany will remain closed for New Year’s Eve. Meanwhile, the U.S.
is to produce private sector data on consumer confidence and house price
inflation, as well as a report on manufacturing activity in the Chicago
region.Wednesday, January 1Markets in Europe and the U.S. will remain closed for the New Year’s holiday. Thursday, January 2The euro zone is to release revised data on its manufacturing PMI, while Spain and Italy are also to release individual reports.Later
in the day, the Institute of Supply Management is to release its
manufacturing PMI, while the Labor Department is to release its weekly
report on initial jobless claims. The U.S. is also to publish data on
construction spending.Friday, January 3In the euro zone, Spain is to publish data on the change in the number of people employed.The U.S. is to round up the week with official data crude oil stockpiles and natural gas inventories.
Week 1 - 4H Chart Update: Ranging Bullish - Trend Inversion below the Gann Hi-Lo Activator Indicator (Blue Line) at 1.3651.
newdigital, 2013.12.31 12:41
EUR/USD steady in thin year-end trade
EUR/USD hit 1.3729 during late Asian trade, the session low; the pair subsequently consolidated at 1.3794, easing 0.04%.
The pair was likely to find support at 1.3729, Monday's low and
resistance at 1.3894, the high of December 27 and a 26-month high.
The dollar remained supported amid expectations for further stimulus
tapering by the Federal Reserve. The U.S. central bank will start
reducing its bond-buying stimulus program by USD10 billion a month in
January, amid indications of an improving U.S. economy. The
single currency had gained some ground on Friday, after European Central
Bank Governing Council member Jens Weidmann said keeping interest rates
low may endanger political reforms.
i think the eur will go down
check this out
newdigital, 2014.01.02 08:48
EUR/USD edges lower ahead of PMI data
EUR/USD hit 1.3741 during late Asian trade, the session low; the pair subsequently consolidated at 1.3748, edging down 0.07%. The pair was likely to find support at 1.3693, the low of December 27 and resistance at 1.3813, the high of December 31.
The greenback remained supported after the Conference Board on Tuesday
said that its index of U.S. consumer confidence improved to 78.1 in
December from 72.0 in November. Analysts had expected the index to rise
to 76.0 this month.
newdigital, 2014.01.02 17:24
EURUSD Technical Analysis (adapted from dailyfx article)
On D1 timeframe - it is still ranging bullish with the corrected started on open D1 bar :
MetaTrader Trading Platform Screenshots
EURUSD, D1, 2014.01.02
MetaQuotes Software Corp., MetaTrader 5, Demo
On H4 timeframe - bearish with ranging started on open H4 bar :
EURUSD, H4, 2014.01.02
bearish with ranging started on open bar
newdigital, 2014.01.03 16:50
Intraday Technical Analysis For EURUSD (based on this article)
EURUSD is moving down in third leg of decline, labeled as wave C/3 that
should be made by five waves. We see current sideways price action as
fourth wave so be aware of more downside as long as 1.3740 holds.