On Friday session the EURUSD rose and closed in the green near the high of the day on a narrow range day, creating an inside day. The Greek drama “ended” Sunday night as the referendum “no” won by a large number and the currency opened with a Gap down of 118 pips, but like the previous one on the 28 of June, todays Gap should also be closed.
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
The Sane Reversal indicator is one of the leading oscillators. The signals are generated early, unlike in other indicators which give the signal after the price goes far away in either direction. The indicator displays the price reversals using arrows with high accuracy. The arrows appear on the zero bar and do not flicker of disappear regardless of the market volatility, which allows to trade effectively with short stop losses:
the Buy signal - white arrow on the bar Low,the Sell signal - red
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
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
The indicator has been designed for use on FORTS, but it can also work on other markets, at brokers broadcasting the required data.
A peculiarity of these data is that they cannot be requested from the broker's server as a section of history, but can only be obtained for the current moment.
The indicator periodically requests the broker, collects to a file and displays the following history from the stored file:
The weighted average price. The volume of buy orders. The volume of sel
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
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
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
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
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
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
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
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
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
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.
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
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
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
The indicator shows buy and sell signals.
Timeframe - any, currency pair - any.
alertsMessage - enable/disable the message window. alertsSound - enable/disable sound. Arrow Type - select arrow type.There are three simple ways to filter the indicator signals:
Compare direction with the indicator from the older timeframe. Use standard MACD diagram. Use Parabolic indicator.Do not forget about money management and stop loss.
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.
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 iTicksChart allows you to create custom tick charts. It is suitable not only for trading but also for analysis of tick history. Each missed or ambiguous tick is fixed and displayed on the chart. Experts, indicators, graphical objects can be used for technical analysis.
Advantages and Features
runs and works at any open chart window (called "base chart" further on in this document); looks like a common chart after launching (see Screenshots); history quality is monitored - each missed o
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 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
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.
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
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
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
Classic buy the rumor sell the fact scenario.
On Friday session EUR recorded a second consecutive day growth against USD after trading in a relatively narrow range. The euro rose slightly over 20 pips to a closing price of 1.1106. The daily limit values reached 1.1117 and 1.1065. For the last week the currency pair also made a progress, although much of it was erased on Tuesday and Wednesday. EUR / USD is trading on levels of uptrend line from mid-April, but sentiment remained negative. A break of 1.0955 will give an opportunity for a continuing decline.
Although the Greeks voted "No", EUR/USD formed only a 100-pip gap when the markets opened earlier today. And not only was the gap so small, but the pair already recovered it. That was very anti-climactic, to be honest. What follows next, I wonder.
Aside from the gap which the market opened with today I dont see much of an impact on the EUR/USD at least not as much as feared.
Where To Sell Euros
Greece Votes No. Time to Buy or Sell Euros?
Greek voters rejected austerity this weekend and to everyone’s surprise there isn’t an all-out collapse in the financial markets. The euro sold off, bond yields in Europe spiked and investors dumped European stocks. But the declines were controlled with both currencies and equities ending Monday off of their lows. Many investors thought EUR/USD would fall by at least 1.5% -- maybe even 3% -- if the Greeks voted 'no'. And while it gapped lower on Sunday, the euro recovered like a cat with nine lives in the hours that followed. That rebound reflects the ongoing hope that with a new Finance Minister and the support of the people, Prime Minister Tsipras and the Greek government will finally reach a deal with its creditors. Investors are encouraged that Varoufakis has been replaced by an Oxford educated man who supports maintaining the euro. Unfortunately we don’t see an easy or smooth path to a deal and fear that the 'no' vote could backfire on the Greek government as time is running out. The ECB maintained the ELA on Monday but adjusted the haircut on collaterals, which will make life difficult for some banks. We don’t expect any breakthroughs at Tuesday’s Eurogroup meeting. It's going to be a long 2 weeks with a number of emergency meetings before the July 20 ECB payment deadline, which should translate into chaotic trading in the financial markets. The ongoing uncertainty will be negative for the euro and risk appetite. Therefore we like selling euros on the 1.11 handle. Anywhere below that provides poor risk reward.
Dollar: How the Greek Crisis Affects America
While there was very little consistency in Monday's U.S. dollar, Greece's 'no' vote on austerity has a clear and unambiguous impact on Fed policy. First and foremost, oil prices have fallen sharply, reducing pressure on the Federal Reserve to raise interest rates. Lower prices means lower inflation and more natural support for the U.S. economy. Secondly, it will be difficult for the Fed to justify tightening if the Greek crisis creates more volatility for U.S. markets. So far, the impact has been limited but only because investors are waiting to see how things play out. Monday’s better-than-expected non-manufacturing ISM index provided little to no support for the dollar although that may be due in part to the increase falling short of expectations. For the time being, investors will discount positive U.S. economic reports on the premise that the timing of liftoff will hinge on the turmoil that the Greek crisis causes for U.S. markets. Monday’s dramatic reversal in U.S. stocks is both encouraging and surprising but everyone knows that it's an evolving situation that could improve or deteriorate just as quickly. While U.S. assets remain more attractive and less risky than European assets, Greek uncertainty will limit gains in USD/JPY. We still like U.S. dollars but prefer to buy USD/JPY on the 121 handle because investors will be skeptical about the Fed raising rates in September before there is more clarity on where Greece is headed. Tuesday’s U.S. trade balance report is not expected to have a significant impact on the dollar.
EUR/USD: Euro Subdued Ahead of Crucial Meetings on Greece -
The euro keeps trading in a tight range on Tuesday as traders cautiously eye Eurogroup meetings and the EU leaders summit later today. Any fresh Greece headlines could cause some volatility, as well.
The resignation of Greek Finance Minister Yanis Varoufakis and the appointment of the more market-friendly Euclid Tsakalotos seem to be keeping the markets rather calm, following the outcome of the Greek referendum.
"Some feel this improves the chances that a deal will be done given Tsakalotos has significant economic and negotiation experience," Stan Shamu from IG wrote in a research note.
French President Francois Hollande said on Monday the door for discussions is open and it is up to the Greek government to make credible proposals so that their desire to remain in the euro can be translated into reality.
The euro traded 0.29% lower at $1.1022 after the European opening bell.
Germany's Industrial Output Flat in May
- Industrial output in the euro area's powerhouse considerably slowed in May, according to the latest report from the German Federal Statistical Office (Destatis) released on Tuesday.
The results were in line with factory orders data released a day ago and also indicated declines.
Industrial output in Germany posted no growth in the reported period, seasonally adjusted, after reporting a revised 0.6% advance in the preceding month, according to Destatis. Market analysts had expected 0.1% growth.
In annual terms, production added 2.1% in the fifth month of the year, compared to a revised 1.1% gain seen in the previous month, while markets had projected 2.6% growth.
Factory orders in Germany saw declines in May when measured on a monthly and seasonally adjusted basis, official data revealed on Monday.
German industrial orders decreased 0.2% in May, measured on a monthly and seasonally adjusted basis, while analysts had expected the reading to post 0.4% negative growth. In the previous month, the gauge rose a revised 2.2%.
On a yearly basis, the gauge gained 4.7% in the reported month, after posting a revised 1.3% gain in the previous month, measured on a non-seasonally adjusted basis. Markets had projected an advance of 3.8% year-on-year in May.
Manufacturing PMI in June
The German manufacturing sector gained some momentum in June, sending a positive signal after the country's central bank released a report a few days ago pointing to a persistently muted underlying trend in the sector.
The manufacturing PMI for the German manufacturing sector edged up to 51.9 points in June, in line with the preliminary result and up from the 51.1 booked in May, the final reading showed last week.
Yesterday the EURUSD rose testing the 1.1097 level and as predicted closed the GAP opened on Sunday. We may expect a downward movement from the currency in the next two day, following the same cyclical pattern showed by the 29, 30 of June and 1st of July. The 1.0955 should be watch very closely because a breakdown of this level may throw the pair to the next Fibonacci level (61.8) at 1.0853.
EUR started the week with a significant decrease caused by the Greek referendum by which markets opened at the level of 1.0975. After all the euro recovered positions within the day, reaching a closing price of 1.1055. Additional gains were limited at 1.1095. In the short term outlook remains negative and 1.0955 - the immediate goal. For turning the attitudes is needed a breakthrough of yesterday's high.