Hi, this is Les_Paul, cannot use my "Les_Paul" nick yet, so I am using my older one. Hidden Gap talked about "chart mode" - when in down mode, take only short positions and when in up mode, take only long ones. I use one indi which I discovered a few days ago, it shows trend of any chosen TF - I use H1 and H4.
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
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 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 economic calendar is made in the form of an Expert Advisor that downloads the data from one of the most popular Forex sites (forexfactory.com/calendar.php). The data is presented in two ways. The first (primary) is represented as icons with detailed information about the event. The second is displayed as a line with a news description. Economic Calendar downloads published news in real mode with the possibility to adjust the spacing of data validation and user-friendly customizable graphical
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.
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
* For any interaction with the MT4, it is necessary to additionally install Fast Copy MT4
One tool for sending and receiving transactions: [master] > [slave] operation mode can be selected in
Exp COPYLOT CLIENT for MT5 is a copier for the МetaТrader 5 platform. It copies forex trades from any accounts. Including those from terminals МТ5 and МТ4.
Install the Expert Advisor in the terminal where you want to copy trades. Specify any text label name as pathRead, for example, "COPY". This should match the master terminal (to bind the two terminals). To copy trades, you need to install the free Master copier in the terminal from where you want to copy the trades: COPYLOT
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
Times & Sales is a famous (and old!) trading tool. However, it is not present in MetaTrader 5 as a built-in tool.
DeltaTrader now presents this indicator for MetaTrader! It has the following characteristics:
Two flag modes: FOREX and EXCHANGE
FOREX: black color: last price = 1-Minute opening price / blue color: last price < 1-Minute opening price / green color: last price > 1-Minute opening price. EXCHANGE: black color: last price = between quotes / blue color: last price = bid price / gre
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
Informer for VPS - report on the state of your account via e-mail. Useful for controlling your Expert Advisors that run on a VPS or a dedicated computer. Information about open positions and last deals for a day, week, month or year grouped by currency pairs.
Adjustable periodicity of reports and depth of deals included in the report. A possibility to add own comment to each report. You will receive reports on e-mail with specified periodicity: from 15 minutes to once a day. The reports are se
The indicator of support and resistance levels. A very good helper, fits any style of trading. It has a lot of parameters for adjustment.
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
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.
Customize your indicator the way you want!
There are 4 entry parameters:
Positive % color: set the desired color when % is positive. Negat
The Spread 2 Pair indicator visualizes moments of two instruments' convergence (collapse) start. Signals are not delayed so you can timely enter and exit the market.
This indicator is developed for pairs trading and creation of your own trading system based on difference in movements of trading instruments.
Unlike most of multi-currency indicators, the Spread Pair indicator does not load CPU, calculations are immediately performed, it is non-redrawable.
Settings of every currency pair provi
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
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
IShift Lite is a lite version of IShift, and it doesn't include the tick chart.
IShift Lite allows:
perform trade operations directly from the depth of market with a "single touch"; automatically place Stop Loss and Take Profit; move position to breakeven; move Stop Loss along the price; automatically calculate the volume of an order depending on a fixed risk level or a fixed margin level.The program includes a visual help system.
Note: the demonstration version downloaded via the "Demo
This product is similar to Tick volume analizer Expert Advisor, however it is implemented as an indicator. Release of this product is stipulated by the fact, that it is not possible to run two EAs in the same window.
Tick volume is equal to amount of ticks at the unit of time. There is direct correlation between tick volume and real amount of deals. Every change of the price is a result of a real request to perform a deal. Consequently, fewer requests we have, the less price changes we get, 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
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
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
HWAFM (the harmonic wave analysis of the financial markets)
Harmonic trading involves searching for certain price patterns (specimens) and Fibo numbers in order to define highly probable price reversal points. The method is based on the assumption that trade patterns or cycles repeat themselves just like in real life. The main objective is to identify these patterns, as well as position entries/exits. The analyzer is based on a high degree of probability, which is confirmed by the price movemen
Does not support hedging 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.
The EA will copy all positions without delays Additionally integrated notification in situations requiring user attention
This is a panel for controlling the profit/loss in dollars, pips or % of balance. A new function for trailing profits has been implemented.
The panel can be used as a virtual Stop Loss or Take Profit.
It also features the emergency button - CLOSE ALL.
You can also try the full version of the VirtualTradePad for mt5 panel, as well as the Profit or Loss for mt4 panel
Other versions in this collection:
VirtualTradePad for mt5 Digit Market Time Pad Market Time Pad Scalper PadMain f
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
The PZ Day Trading indicator detects reversals in a zig-zag fashion, without repainting or backpainting. Based on breakouts of variable lengths, the indicator uses only price action to pick trades and reacts to the market very fast. The positional accuracy of its signals offers huge opportunity for profits, easily up to 80% winners.
Amazingly easy to tradeChart statistics will help you to optimize your tradingIt works on every single timeframe without fine tuningThe indicator analyzes its own q
This is a multi-timeframe Ichimoku Kinko Hyo signal analyzer indicator. As you know, Ichimoku consists of 5 lines (Tenkan-sen, Kijun-sen, Chikou Span, Senkou Span A & B which create the Kumo Cloud).
Ichimoku is a simple indicator like Moving Average, but the method they use makes it a very good tool in detecting market conditions and trend with which you can open trades in the best location and stay in the trade till the most profitable price.
As this indicator has lots of lines and we should
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 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.
Nice to have you here :-) Well we created this thread not to be a concurrent to the one we know, but to learn in more details the trading knowledge that is required in addition to VSA. And it was easier to create a thread to post charts as we cannot when we send messages.
So again really happy to have you here too ;-))
hey guys..im gonnna try to post some charts again...lets see what happens! again im sorry i didnt get further but im going on a long awaited vacation this week and ive been packing and all that....BUT heres what id like to do ...since were at the "Identify the trend" section of our journey id like to get into a in-depth study with a definitive answer to indentifing the trend before we move on...to me it seems like we should cover each section thouroghly before moving on to the next..but of course im open to all ideas and suggestions...being open-minded is key to vsa success, no doubt...
les_paul what up brother!! glad your here!!!....ive gotten several pm's from here and the factory of guys wanting to join so all are welcome !!! goldmedalkid i got your pm and we are glad to have you join us!!!lets see if i can get a chart up.....
Which pairs to trade and when?
Well, we still have many things to say about the trend, but until Trader_X comes back, I'll talk about how to choose the currency pairs to trade.
So let's get started!
The best currency pairs to trade are EURUSD, USDGBP, USDCHF, USDJPY, USDCAD, NZDUSD, AUDUSD, EURCHF and EURGBP.
When do we trade them? If we want to trade using the 15 min and 5 min timeframes, and we want to use volume spread analysis, we have to wait for the period when the Smart Money is active and this activity is high when the volume is high.
What I do is to open the hourly chart of the currency pair I want to trade and then I check each day from which time to which time I can see high volume in the currency pair. I noticed that even for pairs like AUDUSD or USDJPY, the period with the highest volume and activity is during London and American sessions.
So we know that it is better to trade during the London and American sessions. Now what are the best pairs to trade? Some people would say that we should trade only one pair and study it in deep until we know how it behaves. You're free to do it and if you're patient, I guess it is the best way to start. But you need to know when you should not trade one currency pair. And there will be some days when you're better staying out of the market.
So how to identify which pair we can trade? To do that I open the 15 min chart and watch the moves clarity? I think for you to understand it is better to start with an example. Look at the 15 min chart of EURUSD and compare it with the 15 min chart of USDCHF! I'm sure you would easily choose which one of the two pairs you would trade right now. EURUSD has really clear and proper moves. USDCHF would be really difficult to trade. One bar is going up on a wide spread and, a few bars later, a bar is making a big move in the opposite direction. If you've an opened position, it is very likely that you'll be stopped out due to a big move in the opposite direction. Notice that both pairs are trending. EURUSD is in down trend and USDCHF is in an up trend, but EURUSD would be much much easier to trade.
That's exactly the same reason why we don't want to trade during the news. The market is not showing us a clear picture of where it is and where it is likely going. So it is always better to trade pairs showing a lot of clarity on their char.
So if you want to focus on one currency pair at the beginning, then make sure that you don't trade when the chart is not clear enough.
Here we are: we know the best period to trade intraday and we can easily filter the currency pairs which have the highest clarity.
ok i got a chart to post...yeah!!! Now heres what i like to do to ID my trend...as i said i like to grab 20 - 30 pips a day...now many times ill enter a trade and as it unfolds , im watching the lower TFs and they may signal a turn in the market...at that point ill will monitor the trade closely and sometimes i have to close with only a portion of my original TP and wait for another trade..then again if my trade is running nicely and my larger TF's begin to line up ill let may trade ruin.what we wont be doing is ever let a winning trade turn to a loser...its a confidence killer!!! which brings up one more really important factor i wont to touch base on...CONFIDENCE!!! Every single accomplished trader i know have one thing in common....they are confident in the trades they take!!! it is an absolute must!!! if you are second guessing your trade before you even push the button the odds are already stacked against you!...then when you lose your confidence decreases even more ...so save yourself the money and misery and stop trading until you know your ready!!! even if your demo trading dont take the trade until you can feel it...you know where the markets gonna go based on your your analogy!!! its better to take 2 trades and win 2 then take 10 trades and win 5!!!! on to the trend...regards, John
Excellant post Dvarrin...your exactly right...we want look for a cuurency that is trending...later as we get more advanced we'll study the Acc/Dist phases and be able to identify these stages and trade them but for now where all about putting probability on our side ...
lets say its last friday at the london session...so where gonna look at the EU.begining with the daily...i use the diamonds from TG, i like them, but you can use any of your favorite indies to help i.d. the trend....in the next screenshot...is MT4 EU Daily with 3 EMA 50,21,10 (philllip nels work, not mine)...but whats most interesting is price will always hug theses diamonds(or ma's)...when price moves too far from these, it will work its way back or consolidate and let the diamonds (or MA's) come to it....now the reason i bring this up is to discuss different TF's trending differnet directions...you see in my daily (where i circled in black) before price came back to the diamonds, the trend is up...then i go to my 4h which looks sorta flat(see next post)
so is good to go either way...then the 2h and 1h chart are trending nicely down....so we have a daily thats up but price is well away from the diamonds (or MA"s) and we know we have plenty of room for the price to come back to them...then we have the 4h which could go either way and the2h/1h trending down nicely...so short is most likely direction!...Now this IS NOT VSA..where not even there yet..were just getting a general trend direction...VSA may tell us long is the way, but at first glance short is the obvious direction of choice!!!
here are the 4h/2h/1h charts...what im trying to point out here is that the 2h/1h trends is clearly down...my 4h is consolidating and could go either way so thats ok and although my daily is up it is well away from my diamonds/ma's and has room to retrace...if vsa tells me there are SOW i know i have room for price to run! if the daily and /or 4hr were tight up against my diamonds or MA's i know those act as potenital support so i would be watching those if i chose to short against them ..but thats not the case here....does all this make sense to any one? a 15m trend can easily be price just retracing on the 1h and so on....its about market flow...best regards, john
even when im looking for my entry on lower tf i like to see my vsa signals at or near my diamonds or MA or whatever trend indie you prefer...its an extra confirmation...i hope to get to a vsa skill level where my charts are bare of an type of indie but for now there like training wheels and they do help..since we know the smaller tf's make up the larger, but the larger tfs are stronger you have to use vsa to determine if the smaller tfs are just retracing the larger or if ther building a new trend. .ill be gone for a week but ill be following along on my phone..id really like to see any new material on the this very important subject...best regards, john
one last thing..
im trying to think of a simple way to explain what it is im trying to convey..heres the long and short of it....if youve got a daily down and a 4h thats up your gonna want to use vsa to tell you is the 4hr weak and just a retracement of the daily or is the daily weak and the 4h strong suggesting were getting a trend change...hope that helps...remember the diamonds, MA's , channels , trendlines, or whatever ,is only an added SMALL confirmation ....good trading guys and remember were building confidence here so treat it with respect , take care of it like it was a prized postion dont just throw it around! im anxious to read anyone else take on theis subject..best regards, john
Really great stuffs all what you wrote about the trend Trader_X!! :-)