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
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 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 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. Al
Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using.
Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s
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
MetaCOT 2 is a set of indicators and specialized utilities for the analysis of the U.S. Commodity Futures Trading Commission reports. Thanks to the reports issued by the Commission, it is possible to analyze the size and direction of the positions of the major market participants, which brings the long-term price prediction accuracy to a new higher-quality level, inaccessible to most traders.
These indicators, related to the fundamental analysis, can also be used as an effective long-term filte
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 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
The indicator displays economic news on the currency chart (the appropriate data must be downloaded from the Internet - please see the download instructions on the screenshots provided). The list of currencies (countries) is customizable. By default it shows all currencies. The main parameters come with a built-in description. In addition, there are parameters for advanced users. News items are divided into 3 categories by degree of importance. There is a great flexibility in display parameter s
CandleTimer is an indicator that can be usable for scalper and short-term traders. It shows the following useful information:
Remaining and past time of a candle on the current chart or other timeframe Alarm setting for play sound at the start of the current candle Show SL/TP line defining whether the indicator has a Sell or Buy order or both Show a spread value Show Ask and Bid lines in different colors in high and low spread Compatible with a money management EA (you can buy it separat
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
Trade Copier Pro is a powerful tool to copy trade remotely between multiple accounts at different locations over internet. This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not be able to receive the signal after that
Virtual TrailingStop is an Expert Advisor that manages trailing stop without sending its information to the broker server.
EnableVirtualTrailingStop: enable or disable whole function VirtualTrailingStop: the pip use for determine how far the Virtual Trailing Stop will placed calculated from current price StartFromBreakEven: true/false. If true, Virtual Trailing Stop will placed after breakeven BreakEvenPoint: point profit from order open price where the Virtual T
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
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.
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
Averager is intended for averaging your deals that has had a drawdown or had gone against the trend.
An example of operation of the averager in an Exeprt Advisor in the MetaTrader 5 terminal: Exp - TickSniper. The system is identical to the averaging system created for MetaTrader 4. A demo version of the averager for MetaTrader 5: Averager DEMO.Note: this is not an automated trading system (the EA doesn't work in the strategy tester). It monitors your deals and averages them in case o
MACD All MAs-14 is a MACD indicator that allows choosing usual parameters of the standard MACD (constructed from EMA) as well as the type of the moving average to be applied: up to 14 different types.
You can select 9 standard MAs available in MetaTrader 5 - SMA, EMA, SMMA, LWMA, DEMA, TEMA, Frama, VIDYA, AMA, TRIX, and 4 non-standard - LRMA, HMA, JMA, AFIRMA.
Method MA - select the type of moving average to be displayed in the current graph. Period slow MA - the number
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 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
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
The Expert Advisor implements the classic "triangular arbitrage", which is successfully used by hedge funds.
"Triangular" 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 balancing cross rates of all currency pairs.
The advantages of the strategy are the following:
The indicator marks supports and resistances of each rebound, also the maximum price and the minimum price of the day.
It has a basis for developing strategies, as well as for a good technical analysis.
It is very easy to detect trends, channels, trend changes, breaks and other events.
It works in any timeframe as in any type of market.
No additional parameters are needed.
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 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
Ichimoku Kinko Hyo is a purpose-built trend trading charting system that has been successfully used in nearly every tradable market. It is unique in many ways, but its primary strength is its use of multiple data points to give the trader a deeper, more comprehensive view into price action. This deeper view, and the fact that Ichimoku is a very visual system, enables the trader to quickly discern and filter "at a glance" the low-probability trading setups from those of higher proba
COSMOS4U Volume indicator facilitates your trade decisions. It gives confirmation of the running movement and market trends. It highlights current and past accumulation and distribution volumes, comparing them to moving average volume and the highest volume. In addition, it identifies and marks nuances as well as convergence and divergence patterns of bears and bulls in order to provide the market trend and price ranges.
The supported features are as follows:
Fast Volume Moving Average Slow
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
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
Not only do we forecast a large increase in the yield of
10-year Treasury bonds, but we also expect the US dollar to appreciate
as central banks elsewhere loosen policy further. A strong dollar may
weigh on US equities, but we expect a weaker yen to ensure those in
Japan outperform. Emerging markets could be shaken, too. But we think
they are not as vulnerable as in the past, and should benefit from
stable commodity prices.
Early indications suggest that the vote for Brexit is having a
material impact on the UK economy, but little effect on the rest of
Europe. The fallout further afield should be minimal. For the world's
largest economies, including the US, China and Japan, the UK accounts
for only a small share of exports and foreign direct investment.
Moreover, the impact of the Brexit vote on investor confidence
has been small and short-lived. In particular, world equity markets are
back above their pre-referendum levels and well above their February
Prospects for advanced economies should be driven by more
fundamental and global forces than the UK referendum. Most importantly,
private consumption should continue expanding at a reasonable pace.
Household debt burdens have fallen in recent years, employment is likely to rise steadily in most economies, and wage inflation should pick up in some economies, notably the US.
Fiscal policy is providing a small boost to demand this year. In some
countries, policymakers have eased up on austerity and in others they
have actively loosened policy. Official forecasts are for fiscal policy
in advanced economies to be tightened again in the coming years, but
governments in Japan and the UK have said that they may scale back these
Inflation is still well below target almost everywhere because
the past fall in energy prices is affecting the year-on-year inflation
rate. The rebound in oil prices since January remains small compared to
the collapse in oil prices in late-2014.
However, headline inflation is likely to rebound by early next year
in advanced economies as the previous slump in energy prices drops out
of the annual comparison. Price pressures should rise most in the US
where the economy is approaching full employment. Meanwhile, the 10%
fall in the trade-weighted value of sterling since the referendum is
likely to push inflation up in the UK during the coming months. Indeed,
headline inflation may be close to 3% in both countries in the coming
In contrast, although headline inflation is also likely to rise
in the euro-zone and Japan, underlying inflation should remain much
lower. This in turn will probably prompt central banks in the euro-zone
and Japan to ramp up their asset purchase programs further in the coming
Much of the slowdown in global growth since 2010 has been due
to the weakness of emerging economies. The growth rate of emerging
economies, in aggregate, is likely to be more stable in the coming
years, but remain well below its pre-crisis rate.
Several commodity producers, including Brazil and Russia, are
coming out of recession, so will no longer be a drag on EM growth, and
India should continue growing at a decent pace. Moreover, our in-house
China Activity Proxy suggests that China's growth rate has now
stabilized, thanks to fresh policy stimulus. In the immediate future, we
think China's growth rate is more likely to accelerate than to slow
sharply. That said, the build-up of corporate debt poses significant
risks to China in the medium term.
(You can find the full article here.)
The CBI data looks bad but what does it really tell us?
this is a reaction from businesses. They are the first to react to big
events as they have potentially large outlays for stock. If they get
worried they won't order as much for fear they won't be able to sell it
on, and so we see a slump in wholesale orders.
the data isn't necessarily indicative of actual retail activity from
shoppers. Looking more closely at the CBI report sub-sectors, grocers,
furniture and carpets sales volumes dropped 30% & 90% respectively,
while non-specialised goods, foot wear and leather rose 52% and 44%.
Internet sales were still up 23% even though it was lower than June's
38%. Folks were still buying cars as the balance of +21% shows.
let's acknowledge that the data isn't good for the economy because any
slowdown along any part of the chain isn't good. However, the real
news will come from actual retail sales and whether they've slumped or
not. If they hold up, when we get the first decent post-vote look 18th
Aug, then these suppliers might change their tune that things might not
be as bad as they thought.
A lot of the early Brexit
fallout is going to show in sentiment before it shows in actual hard
numbers. That can often be a self fulfilling prophecy if the sentiment
is way too negative that it causes ripples all the way through the
economy. I'm not saying the UK isn't going to suffer nor will it brush
Brexit off but if you're trading the pound through this you have to
understand the different points and times when the data risk means
something real has happened or whether people think that something's is
going to happen.
At the end of the day the market is a
simple creature and is going to move on the data depending on whether
it's good or bad, irrespective of what it really means for the future of
the economy. Trade the numbers short-term by all means but if we want
to trade further out than the ends of our noses, we need to really
understand what the data is telling us as that will give us a potential
insight into what the UK government or BOE may do in the future, and
that's where the biggest moves and trends will happen.
Data in this report cover up to Tuesday July 26 & were released Friday July 29.
Speculative sentiment has been leaning more USD-bullish and EUR and
GBP-bearish in recent weeks and that trend extended a little further in
the latest CFTC positioning data for the week through July 26th. The
aggregate bull bet on the USD (versus the major currencies) rose to
total USD14.8bn this week, the biggest punt on USD appreciation since
Investors added to net EUR shorts by a significant USD1.7bn in the
week – taking the net short to the highest level since January
(USD15.5bn or the equivalent of 112k contracts). The net short here is
substantial but remains well below the all-time peak of -183k contracts
(Dec 2015), however. Net
GBP shorts rose more than USD500mn this week to total USD6.6bn. This is
the market’s second largest net position after the EUR and takes the
overall GBP net short to a new, all time record (just over 80k
contracts). Crowded positions are vulnerable to a squeeze but we suspect
speculative accounts will continue to pressure the GBP ahead of
anticipated BoE easing measures next week.
In other markets, investors pared net long JPY (still sizeable) and
CHF positions, reducing ‘safe-haven” bets, and cut net AUD and NZD
longs. Investors continue, however, to add, if only marginally (USD63mn)
this week, to net CAD longs (gross longs are adding while gross shorts
have been reduced in recent weeks) in defiance of the continued (through
Tuesday) erosion in the CAD.
UK manufacturers face a rapid slowdown in economic activity after the
EU referendum in favor of Brexit undermined business and consumer
IHS Markit's PMI in manufacturing fell to 48.2 in July, confirming the negative reading from the flash estimate from July 22, the report from IHS/Markit showed on Monday.
final PMI came in at 48.2, down from the earlier flash print of 49.1.
The pace of contraction was the fastest since early-2013 amid
increasingly widespread reports that business activity has been
adversely affected by the EU referendum. The drops in output, new orders
and employment were all steeper than flash estimates," Rob Dobson,
senior economist at Markit detailed in the report on Monday.
downturn was felt across industry, with output scaled back across firms
of all sizes and across the consumer, intermediate and investment goods
sectors, although exporters did report a boost from the weaker pound.
However, the improvement in exports was less marked than previously
estimated, blamed in part on sluggish overseas demand. The downside of
the currency was an upsurge in input price inflation to a five-year high
on the back of rising import costs," Dobson detailed further.
Companies never miss an opportunity to hike prices, especially if they can blame it on something else.
has a story out today detailing a few firms who are hiking prices and
blaming the fall in the pound for making imports more expensive.
makers like the PSA group (Peugot, Citron and DS) said they hiked
prices by an average of 2% August 1st. Other UK businesses have also
been quick to hike prices on the lower pound.
it takes time for large currency moves to manifest in the economy,
there's been no shortage of people jumping the gun. Bloomberg
notes Scotiabank economist Alan Clarke;
"unusual" for companies to blame the Brexit referendum for cost
increases they passed along so quickly. Typically there's a six- to
nine-month lag between big moves in exchange rates and shifts in
consumer prices" he said.
Consumer goods have gone up
in price in many other areas. Mobile phones and computer prices have
risen. Even bog roll and nappies face hikes.
all bad news as companies that source and produce/manufacture from
inside the UK can largely ignore the lower GBP, which will also boost
As usual there's winners and loser from this,
even those on the same side of the fence. Smaller businesses will have
greater exposure to currency moves than larger firms. Your small high
street shop that imports from abroad won't be hedging currency or
locking in prices well into the future, like a firm as big as a car
maker would, and so is more susceptible to FX fluctuations.
no doubt that inflation will rise considering we import more than we
export but that's been an issue for years when there's big swings in
things like FX and energy prices, and it's something that the BOE can
virtually do nothing about, just like it couldn't when oil was over $100
and inflation was running over 4%. As the UK is going to be affected
first by "imported" inflation, we need to make that distinction when
trading. If inflation jumps over the next few months it won't be
followed by rate hikes. Only if domestic prices start taking off can we
start to question monetary policy.
You can read more details in the Bloomberg story here.
As I mentioned in my previous post re
the late fall in GBP on Friday ( albeit amidst general USD demand
but with most GBP pairs closing on session lows) it's not unreasonable
to suggest that reports of these latest comments were circulating
already in advance of publication.
The words "City sources having been privately briefed" offer a bit of a clue.lol
the pound to remain on the back foot though, even if some of this is
already in the market, as both Haldane's comments and this report mean
more, and prolonged, uncertainty.
More from The Sunday Times here (gated).