W1 price is located above Ichimoku cloud in the bullish area of the chart within the following support/resistance levels:
Chinkou Span line is above the price indicating indicating the ranging bullish condition, Trend Strength indicator is estimating the future trend as a correction, and Absolute Strength indicator is evaluating the trend as a ranging. Non-lagging Tenkan-sen/Kijun-sen signal is for ranging bullish market condition for now and for very near future for example.
By the way, ascending triangle pattern was formed by the price to be crossed with 6.9314 resistance to above for 6.9868 target to re-enter.
Tired of plotting trendlines? The PZ TrendLines MT5 indicator applies a mechanical approach to the construction of trend lines for you!
It can draw up to 18 trendlines Trendlines can be optionally based on fractals Each line represents a breakout level Each trendline can be broken or rejected Configurable amount of lines Configurable colors
Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.
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
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
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
Fractal robot is working with classic Fractal indicator. Fractals data is used from several timeframes. In this way, robot puts a pending order at more reliable level and hold it eight days. If an order was not reached, it will be deleted. The strategy is simple but very reliable. It works reliably without martingale, grid or hedge, also there are no big stops. It best works on EURUSD M15. Stop loss - Take profit ratio is 1:1 (sl14, tp14).
The EA best works on EURUSD M15. It is
This Indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With only ONE chart you can read Currency Strength for 28 Forex pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity?
USER MANUAL: click here
Arrows in sub-window to show strong currency momentum GAP will guide your trading! Warning signs
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
This indicator allows you to enjoy the two most popular products for analyzing request volumes and market deals at a favorable price:
Actual Depth of Market Chart Actual Tick Footprint Volume ChartThis product combines the power of both indicators and is provided as a single file.
The functionality of Actual COMBO Depth of Market AND Tick Volume Chart is fully identical to the original indicators. You will enjoy the power of these two products combined into the single super-indicator!
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
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
PipTick VSA is based on the original Volume Spread Analysis method. It was designed for quick and easy recognition of VSA patterns. Even though this indicator looks very simple, it is the most sophisticated tool that we've ever made. PipTick VSA indicator is a really powerful analytical tool that generates very reliable trading signals. Because it is very user friendly and understandable, it is suitable for every type of trader, regardless of his experience.
What is VSA?
VSA - Volume Spread An
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
This software has no equals in the world and represents a universal trade "console" covering trading signals, automated market entry, setting of Stop Loss and Take Profit, as well as Trailing Profit for multiple trades at the same time in a single open window. Intuitive control of the Expert Advisor in "three clicks" ensures a comprehensive use of all its functions on different computers, including tablets PCs.
Interacting with additional signal indicators that mark the chart to give a real mar
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
Support and Resistance are the important price levels to watch out during intraday market. These price levels are often tested before development of new trend or often stop the existing trend causing trend reversal at this point. Highly precise support and resistance are indispensable for experienced traders. Many typical trading strategies like breakout or trend reversal can be played well around these support and resistance levels. The Precision Support and Resistance are highly accurate suppo
The Number Levels indicator plots the levels of round numbers on the chart, which can be identified as the support and resistance levels.
The indicator implements the ability to set the interval between the round number levels For example, if you set HL1 = 1.00000, and HL2 = 1.05000, then the lines will be drawn every 500 points.
Important! To plot the round number levels for two or more different levels, it is necessary and sufficient to set different names to them in the indicator parameters
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
FULL Automatic is a fully autonomous trading robot for MetaТrader 5 without configurable parameters.
It is similar to SAFE Automatic robot intended 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 automati
Veno EA MT5 is a safe and fully automated medium-term trading robot.
The EA does NOT use hedging, martingale, grid strategies, arbitrage, etc.
Veno Expert System MT5 automatically monitors the appearance of participants with distinct preference towards buying or selling on the market. Trades are conducted on sharp cluster and news based movements of the market. The robot analyzes the market volumes and volatility, and follows strong supply and demand movements. It smoothly sets breakeven level
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
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 indicator is based on the comparison of the correlation of trading instruments following an original algorithm. It determines the difference between correlated contracts (delta). The greater the difference, the more it is likely that this Delta will return to zero.
More suited to the FORTS market.
The greater the deviation from zero, the more it is likely that the price will return to zero. Also, the indicator divergence can be applied by comparing highs and lows.
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
Envelopes or channel lines are set parallel to the Moving Average (to the slow MA if you use two MAs). The two channel lines must contain approximately 95% of all prices for the past two or three months on a daily chart, with only the extremes protruding outside. Channel lines provide attractive profit targets - sell longs near the upper line and cover shorts near the lower line.
The AutoEnvelope is a custom indicator - an original tool that automatically selects channels width by calculating a
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 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
FXG_Info – the most important data in one place.
MetaTrader 5 Indicator FXG_Info provides basic statistical information about a particular currency pair. So that in combination with a chart representing currency price it is easy to determine whether the current situation is good for trading. And when you open a position it will clearly show you the current data such as SL, TP, RR. You are not limited to currency. You can use any market which is provided by you broker.
The following information
S2 Trend At Wavelet is designed to eliminate the noises on the Price Chart. A clear picture of the market flow will be seen due to the elimination of the unnecessary variations on the chart.
Capabilities of S2 Trend:
Chart End could be shifted to any desired point by Market End Line; A desired Scale could be used by selecting Scale Menu and the result will be shown on the chart; A separate diagram on the Main Chart could be shown by using Chart window's check box; Graphical representation
This indicator provides tick volume delta analysis on M1 timeframe. It monitors up and down ticks and sums them up as separate volumes for buys and sells, as well as their delta volumes, and volume clusters on price scale within a specified number of bars. This indicator is similar to VolumeDeltaMT5, which uses almost the same algorithms but does not process ticks and therefore cannot work on M1. This is the reason for VolumeDeltaM1 to exist. On the other hand, VolumeDeltaMT5 can show its signal
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
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2017.03.31 07:16
USD/CNH Intra-Day Fundamentals: China Manufacturing PMI and range price movement
2017-03-31 02:00 GMT | [CNY - Manufacturing PMI]
if actual > forecast (or previous one) = good for currency (for CNY in our case)
[CNY - Manufacturing PMI] = Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.==========
From rttnews article:
USD/CNH M5: range price movement by China Manufacturing PMI news event
Sergey Golubev, 2017.04.01 10:02
USD/CNH - "This Thursday, a couple of hours following the announcement of the US-China summit, Trump tweeted that “the meeting next week with China will be a very difficult one”. “We can no longer have massive trade deficits and job losses”. Also, President Trump has been considering to launch a border adjustment tax, which from China’s point of view, it is “controversial”. At the summit, if Trump takes a hardline on China over its trade practices, it may dampen the outlook of China’s exports and imports condition over the following periods, adding bearish momentums to the Yuan. In addition to this top theme, China will release March Caixin PMI prints. The official Manufacturing PMI in March increased to 51.8 from 51.6 in the month prior and beat a forecast of 51.7. Compared to the official gauge, the Caixin PMI measures smaller-sized companies that are usually more sensitive to economic cycles. As a result, if these smaller manufacturing firms have not shown sustainable improvements, it indicates that the economy may still face some major challenges. Based on the data that has already been released, this is likely to be the case, and in turn, will not provide much support to Yuan rates."
Sergey Golubev, 2017.04.07 17:41
Intra-Day Fundamentals - EUR/USD, USD/CNH, Apple shares and McDonald's shares: Non-Farm Payrolls
2017-04-07 13:30 GMT | [USD - Non-Farm Employment Change]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - Non-Farm Employment Change] = Change in the number of employed people during the previous month, excluding the farming industry.
From official report:
EUR/USD M5: range price movement by Non-Farm Payrolls news events
USD/CNH M5: range price movement by Non-Farm Payrolls news events
Apple M5: range price movement by Non-Farm Payrolls news events
McDonald's M5: range price movement by Non-Farm Payrolls news events
Sergey Golubev, 2017.04.08 12:47
USD/CNH - "Among all the event risks, exports and imports reads could have a greater direct impact to the Dollar/Yuan than others. China has been shifting from an export-driven economy to domestic-consumption-driven. However, this will need to take a long process; so far, Chinese producers still largely rely on international demand. In the U.S.-China leaders meeting, Trump told that the U.S. has “made progress” in the relationship with China and “lots of very potentially bad problems will be going away”. The bilateral trade issue is considered to be one of those “bad problems”. For China, avoiding major conflict with its U.S. counterpart will give it more time to upgrade the manufacturing industries that still heavily depend on exports, and in turn, will help to stabilize the economic growth when a slowdown is already seen."
Sergey Golubev, 2017.04.12 07:47
USD/CNH Intra-Day Fundamentals: China Consumer Price Index and 26 pips range price movement
2017-04-12 02:30 GMT | [CNY - CPI]
if actual > forecast (or previous one) = good for currency (for CNY in our case)
[CNY - CPI] = Change in the price of goods and services purchased by consumers.==========
USD/CNH M5: 26 pips range price movement by China Consumer Price Index news event
Sergey Golubev, 2017.04.17 07:43
USD/CNH Intra-Day Fundamentals: China Gross Domestic Product and range price movement
2017-04-17 03:00 GMT | [CNY - GDP]
[CNY - GDP] = Change in the inflation-adjusted value of all goods and services produced by the economy.==========
USD/CNH M5: range price movement by China Gross Domestic Product news event
Sergey Golubev, 2017.04.28 15:09
Intra-Day Fundamentals - EUR/USD and USD/CNH: U.S. Gross Domestic Product
2017-04-28 13:30 GMT | [USD - GDP]
[USD - GDP] = Annualized change in the inflation-adjusted value of all goods and services produced by the economy.
From official report:
EUR/USD M5: range price movement by U.S. Gross Domestic Product news events
USD/CNH M5: range price movement by U.S. Gross Domestic Product news events
Sergey Golubev, 2017.04.29 17:28
Weekly Fundamental Forecast for USD/CNH (based on the article)
USD/CNH - "While the Chinese Yuan traded in a range, Chinese equities have been on a wide ride since the launch of a Special Economic Zone at the beginning of April. Shanghai Composite Index dropped -1.37% this Monday following a -2.25% loss last week. We discussed that it is not uncommon that Chinese investors rush to buy stocks on news and then sell them after a short holding period. Chinese stock market may not directly impact the Chinese Yuan, but it reflects the financial stability of the country. In January 2016, when the newly introduced circuit-break system caused chaos and a big selloff in the equity market, the fear eventually spread to the FX market and led to investors rushing to get rid of Yuan-denominated assets. As a result, keeping an eye on the Chinese equity market when it becomes volatile may help FX investors to manage risks."
Sergey Golubev, 2017.05.02 07:57
USD/CNH Intra-Day Fundamentals: Caixin Manufacturing PMI and range price movement
2017-05-02 02:45 GMT | [CNY - Caixin Manufacturing PMI]
[CNY - Caixin Manufacturing PMI] = Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.==========
USD/CNH M5: range price movement by Caixin Manufacturing PMI news event
Sergey Golubev, 2017.05.06 13:32
USD/CNH - "The PBOC continued to manage liquidity in the financial system in a delicate way, through open market operations. The regulator has reiterated several times that it will keep monetary policy neutral, ruling out a possibility of using easing measures to support the economy before the price bubble risk is fully curbed. The April New Yuan Loans and home loans prints to be released on May 10th will give some update on this. These gauges have been used to evaluate whether excessive cash has flown into the housing sector, where the price bubble risk is seen the most. In addition to the Dollar/Yuan rate, the Bitcoin/Yuan price is worth to keep an eye on as well. On Friday, the BTC/CNY hit a record high after the BTC/USD went on a record-breaking run for a week. Unlike the Japanese regulator that said yes to further Bitcoin development, or the U.S. regulator that said no but keep the door open for a yes, the Chinese regulator sent out a clear signal that China is not ready to have a digital currency to be used widely, even not to have a digital currency invented by itself. These mixed attitudes have Bitcoin exposed to different risks in its three largest markets and in turn elevate its volatility."