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
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
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
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
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
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
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.
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
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
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
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
My famous Reversal Fractals indicator points possible price reversals using fractals and breakouts, filtering out those which are not likely to precede a price movement.
Easy to analyze and understand Filter out unreliable fractals easily The indicator displays data at bar closing It implements alerts of all kinds The indicator is non-repainting
What is a fractal?
A fractal is a 5bar or 7bar formation being the middle bar the highest/lowest price of the formation.
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 indicator displays the current market information about the recent trades (their direction and volume).
BackColor - general background color of the indicator; AboveAskBackColor - background color of the line with information about the last trade in case it was performed at the price above Ask; AboveAskFontColor - color of the text entered in the line with information about the last trade in case it was performed at the price above Ask; AtAskBackColor - background color of the
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
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
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 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
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
DeltaVolumeDistribution indicator can be considered as the fusion of the DeltaVolume and TradeSizeDistribution indicators.
This indicator, inspired by the MarketDelta-family charts, computes the net difference between trades occurring at bid and at ask, while trades occurring between bid and ask quotes are not computed. The indicator plots the resulting DeltaVolume as a unique distribution plot.
With the DeltaVolumeDistribution indicator you will actually be able to see the order flow entering
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 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
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
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 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 Heiken Ashi indicator drawn using a tick chart. It draws synthetic candlesticks that contain a definite number of ticks.
option prices - price option. It can be Bid, Ask or (Ask+Bid)/2. the number of ticks to identify Bar - number of ticks that form candlesticks. price levels count - number of displayed price levels (no levels are displayed if set to 0 or a lower value). calculated bar - number of bars on the chart.Buffer indexes: 0 - OPEN, 1 - HIGH, 2 - LOW, 3 - CLOSE.
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
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
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
Another great example of central bank independence from the Greek ECB man ;-)
from arguing with her European counterparts, PM Theresa May also faces
challenges over Brexit from inside the UK. The first of those goes up in
front of judges on Thursday. The next is due Monday 17th Oct.
not certain how much publicity will be allowed and there's rumours that
the press May be banned from the first hearing but there's nothing
confirmed and I can't see how they will be anyway.
One of the cases could be from SCM Private, a London based investment fund. Details of the cases back in late Sep.
The wheels of UK law go into motion today (not that they ever stop of course, except for elevenses).
The first case to be heard is from Ms Gina Miller of London investment fund group SCM.
case is challenging what's known as the Royal Prerogative power that
Theresa May's government is looking to use to enact article 50. The
simple definition is that it's an age old law that the government wants
to use so it bypasses parliament. The claimant argues that the
government cannot lawfully use this to enact article 50;
review is to be held over three days, today then & 18th and we've
been reliably informed that it's doubtful that we'll get any comments
from the review today as they will be just going over the arguments.
It's highly likely that we may not hear anything until the hearing is
concluded next week.
The review does have the potential
to be market moving if it is decided that there's a case to proceed
with. At this point, this is just to see whether there's merits in the
claims. From there it's possible that it will go on to become something
that will require a full legal challenge.
to Nomura, the market has gone through 5 stages of Brexit grief and has
now settled on a hard exit. Although the market may be accepting that
now, it doesn't mean the end of the drop in the pound.
rhetoric from ministers with "red lines" on immigration has
considerably lowered the possibility of a "Soft Brexit" in the market's
pricing and we have moved more towards the "Clean Break" or "Hard
Brexit" outcome. With the market's acceptance of this it has naturally
seen GBP suffer. But it is more than just that. It has changed the
dynamic we see between UK rates markets and FX that leads us to conclude
that we have not yet seen the bottom in GBP, with portfolio inflows
less likely to provide the necessary inflows to the UK to plug the
current account deficit"
these levels it is less attractive for some to enter fresh shorts, but
given the new market dynamic we continue to recommend selling GBP
initially to 1.20 and further and for EUR/GBP to break above 0.92."
were wary of a 3-4% squeeze before the flash crash but now say that the
decks might have been cleared so that any bounce might not be as big as
there is any rally it should be shortlived and will be used by the
market as an opportunity to sell at better levels unless of course it is
due to a complete reversal of position from politicians on the current
"Hard Brexit" stance."
There's no doubt that
the selling pressure remains and the shorts have the pound firmly by the
short and curlies. The short term charts are still developing and last
week's lows around 1.2080/1.2100 will be the first target for another
attempt at pushing the pound a whole lot lower.
also been told by banks that they will move some operations to
Frankfurt and he expects them to start doing so in the second half of
the hard and soft facts and the myths.
As part of
Project Fear David Cameron threatened that he would trigger Article 50
immediately if there was a Brexit majority in the referendum. At the time this
was interpreted as a "Hard Brexit". Theresa May has gone for the "Soft Brexit"
which means that after 10 months of careful negotiation the UK will trigger
Article 50 by March 2017. There should be no further reference to "Hard Brexit"
as this is as soft as it gets.
are well into the discussion stage of leaving we still hear siren voices
telling us to reverse our decision and stay in the EU. Clutching at straws
there is a strong lobby saying that we cannot exit until it has been debated in
Parliament and voted for by our elected representatives. This is in spite of
the fact that the referendum was undertaken to tell our elected representatives
the will of the people. In one sense it should be a nod through for Parliament,
but a lot of people are concerned that if this decision is left to our elected
representatives then it will be overturned as every piece of weak news about
the UK economy is attributed to the decision made to Brexit and all but a few
politicians are likely to be led by their own self-interest.
politicians are blowing-off steam about how more evidence has now come to light
that Brexit will be bad for the UK economy and in the best interests of their
electorate they feel they must now vote against Brexit. A politician`s life is
short and full of risk and most of them will fall off the gravy train long
before their working life is over and it is nice for them to think there is
another lucrative gravy train to jump aboard and this incentivises many of them
to justify a volte face.
As well as
the politicians, the backroom bureaucrats are missing the point about leaving
the EU. I spoke to several top members of HM Customs and Excise who are off to
Luxembourg this week to unravel hundreds of pages of trade agreements before
they can restart the process of renegotiation. I asked them why we are not just
scrapping all trade agreements which interfere with price or quantity and why
we are not offering free trade across the world. Starting with a clean slate
will allow us to deal, case by case, with any problems that manifest themselves.
There was a stunned silence. This approach could apply equally to all EU
countries with whom we will continue to trade freely and if the EU does not
want to play the free trade game then they need to look at the cautionary tale
chocolate, cheese and wine myth.
Clegg has pointed out that the price of EU cheese, chocolate and wine will soar
if we go for a "Hard Brexit". I think we need to ask the consumer about this.
As there are many substitutes for EU cheese I can see a win/win for the UK
cheesemakers. Wines from around the world including England are as good if not
superior to EU wines and Swiss chocolate is my favourite. So what will actually
happen is that EU producers will be forced out of the UK market or they will
have to absorb the tariff. EU producers will in turn put pressure on the EU
policymakers to remove all tariffs as the only people who lose in this
situation are producers in EU countries.
falling value of sterling myth.
the noise about Brexit and it has been clear for some time that sterling is
destined to fall and continue falling in value. I explained this before Brexit
in my blog "Current account deficit on
the balance of payments is the most damming statistic". At present this
deficit is 7.6% of our GDP and the market will bring down the value of the
currency, as did the lowering of Bank Rate by the Bank of England, until our
export prices are sufficiently low and import prices sufficiently high to
rebalance our external account. Daily fluctuations are determined by rumour,
manipulation and misinterpretation of current statistics. However in the long
run it is the current balance deficit that points the currency in a downward direction
and the sooner it happens the quicker the problem is resolved. If fear pushed
the currency lower quicker after Brexit then we need to look upon this as good
Brexit induced rise in inflation myth.
said inflation is always and everywhere a monetary phenomenon. Inflation is more
units of a currency used in the same number of transactions. A falling pound,
rising import prices, higher food or oil prices only change relative prices.
For the average level of prices to rise there must have been a preceding growth
in monetary demand. The prices described above are only symptoms of the
inflation caused by the Bank of England`s monetary policy more than a year ago.
and the Stock Market boom myth.
have claimed the Stock Market boom as a success but, as much as I would like to,
the real advantages to economic growth of Brexit are sometime ahead. Asset
prices hitting a peak is just the inverse relationship between interest rates
and asset values. The Bank of England lowering interest rates has caused asset
prices to rise and it will be reversed when interest rates start to rise.
Brexit has had nothing to do with asset bubbles. They are the result of a misguided
Central Bank policy as I explained on my blog in "A reappraisal of interest rates and market interest rates"
The pound has dropped but be careful as Bloomberg headlines of late have been very iffy on conjecture.
Further details now;