D1 price is located above Ichimoku cloud/kumo - secondary correction inside primary bullish is just started on open D1 bar, and the price is trying to break 1.3773 resistance for bullish to be continuing.
W1 price is on bullish ranging for 5 weeks from now and trying to break 1.3739 resistance to continuing primary bullish market condition.
the price will break 1.3773 resistance on D1 close bar so the primary bullish may be continuing (good to open buy trade).If not so we may see the ranging market condition within primary bullish on D1.
UPCOMING EVENTS (high/medium impacted news events which may be affected on EURUSD price movement for this coming week)
2013-02-24 09:00 GMT (or 10:00 MQ MT5 time) | [EUR - German Ifo Survey]
2013-02-24 10:00 GMT (or 11:00 MQ MT5 time) | [EUR - CPI]
2013-02-25 07:00 GMT (or 08:00 MQ MT5 time) | [EUR - German GDP]
2013-02-25 15:00 GMT (or 16:00 MQ MT5 time) | [USD - Consumer Confidence]
2013-02-26 07:00 GMT (or 08:00 MQ MT5 time) | [EUR - GfK German Consumer Survey]
2013-02-26 15:00 GMT (or 16:00 MQ MT5 time) | [USD - New Home Sales]
2013-02-27 08:55 GMT (or 09:55 MQ MT5 time) | [EUR - German Unemployment Change]
2013-02-27 13:30 GMT (or 14:30 MQ MT5 time) | [USD - Durable Goods Orders]
2013-02-27 15:00 GMT (or 16:00 MQ MT5 time) | [USD - Fed's Yellen Speech]
2013-02-28 07:00 GMT (or 08:00 MQ MT5 time) | [EUR - German Retail Sales]
2013-02-28 10:00 GMT (or 11:00 MQ MT5 time) | [EUR - CPI Flash]
2013-02-28 13:30 GMT (or 14:30 MQ MT5 time) | [USD - GDP]
2013-02-28 14:45 GMT (or 15:51 MQ MT5 time) | [USD - Chicago PMI]
2013-02-28 15:00 GMT (or 16:00 MQ MT5 time) | [USD - Pending Home Sales]Please note : some US (and CNY) high/medium impacted news events (incl speeches) are also affected on EURUSD price movement
SUMMARY : bullish
TREND : ranging
The indicator determines and marks the short-term lows and highs of the market on the chart according to Larry Williams` book "Long-term secrets to short-term trading".
"Any time there is a daily low with higher lows on both sides of it, that low will be a short-term low. We know this because a study of market action will show that prices descended in the low day, then failed to make a new low, and thus turned up, marking that ultimate low as a short-term point. A short-term market high is just
The indicator is based on readings of two oscillators: Bulls Power and Bears Power. It clearly shows the balance of buyers and sellers power. A signal for entering a deal is crossing the zero line and/or a divergence. When the volume filter is enabled, yellow histogram bar shows low trading volume (below average for 50 previous bars).
Period - calculation period, 13 on default; CalculatedBar - number of bars for displaying a divergence, 300 on default; Filter by volume -
The indicator generates early signals basing on ADX reading data combined with elements of price patterns.
Works on all symbols and timeframes.
The indicator does not redraw its signals. You see the same things on history and in real time.
For better visual perception signals are displayed as arrows (in order not to overload the chart).
The indicator is a complete analogues of the Trend Monitor indicator for MetaTrader 4
The best results are obtained when the indicator works o
DCMV Trade Channel Oscillator
The indicator calculates the values of DCMV trade channel oscillator:
Trade channel width. The value of trade channel depends on the trend (it increases at start of the trend and has the maximum values at end of the trend). The value of trade channel decreases at flat movement. The lowest values of channel width indicates the high probability of the very strong price movement.
The +DC line shows the "bulls" power. The -DC line shows the "bears" power. Th
This is a classical trading strategy, which falls into the category of breakout systems. They form support and resistance levels, which temporarily limit further price movement. When the price breaks down the support level or breaks up the resistance level, there emerges a strong momentum in the breakout direction, which allows to make profit on strong price movements with moderate risk.
To create the strategy, we used historical data with the quality of history of 99.9%.
It uses filtration o
The PZ Day Trading indicator detects reversals in a zig-zag fashion, without repainting or backpainting. Based on breakouts of variable lengths, the indicator uses only price action to pick trades and reacts to the market very fast. The positional accuracy of its signals offers huge opportunity for profits, easily up to 80% winners.
Amazingly easy to tradeChart statistics will help you to optimize your tradingIt works on every single timeframe without fine tuningThe indicator analyzes its own q
Energy line is calculated similar to kinetic energy in physics: E = (mv^2)/2. Tick volumes (money stock) are used as mass, while price rate of change (ROC) is used as velocity.
Energy direction (positive or negative) is defined by ROC direction.
Chaikin Volatility (CHV) indicator is additionally used. Since the volatility starts increasing before the price actually moves, CHV notifies of the increased market activity in advance. Calculations result in the energy release, which usually occurs b
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
Who will be interested in this product:
those who are used to diversify the portfolio with a large number of pairs. those who work with a large number of orders those who trade news using pending orders (see the "Grid request" tab).The panel is designed to make managing a large number of orders as easy as managing one.
The currency pairs and order types for opening are formed here. The prices and stop levels are set.
User can define the price valu
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
Unique "scalping" trend indicator with the feature of multi-layered smoothing of the resulting lines and a wide selection of parameters. It helps determine a probable change in the trend or a correction virtually near the very beginning of the movement. The toggled intersection arrows are fixed and appear at the opening of a new bar, but, with enough experience, it is possible to look for entry opportunities as soon as the indicator lines intersect at the unfinished bar. The signal appearance li
Pivot Points MT5 is a universal color multicurrency/multisymbol indicator of the Pivot Points levels systems. You can select one of its three versions: Standard Old, Standard New and Fibo. It plots pivot levels for financial instruments in a separate window.
The system will automatically calculate the Pivot Point on the basis of market data for the previous day (PERIOD_D1) and the system of support and resistance levels, three in each.
A user can choose colors for the indicator lines.
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
This Expert Advisor trades news on any timeframe.
The news are downloaded from the Forex Factory website. Make sure to add the URL to the terminal settings.
The EA is launched on a single chart and defines all necessary pairs for trading on its own.
The robot works with pending orders setting two Buy stop and Sell stop orders before a news release.
It determines the time zones of the calendar and terminal automatically. Make sure to add the time.is URL to the terminal settings.
The EA can b
The indicator is based on the digital window-sinc filter with an excellent frequency division. Due to this property you can get a very smooth indicator line.
The indicator has three lines: the central line indicates the main trend direction and the "fair" price, the other two lines show the price range. When the central line is read, it is recommended to buy from the bottom line and close a position above the central line. When the line is blue, do the opposite - sell from the upper line and cl
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 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 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.
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
AIIV EURUSD - Active Index Inflection Values EURUSD
The Indicator Shows:
The intensity and the direction of the movement of USD. The intensity and the direction of the movement of EUR. The inflection value of EURUSD.This indicator allows determining a state of inflection on the market with a delay of one-two candlesticks and a 60% precision (precision depends on the chart timeframe - the higher the timeframe, the more precise is the forecast).
AIIV is a series of indicators of inflection
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
MultiRSI indicator is a combined RSI indicator for several currencies allowing users to analyze their group movement.
Like all indicators of that kind, it helps identify the currency that is currently the most deviated from the market's general movement, as well as the most oversold or overbought currency in the cluster analyzed by RSI oscillator.
For example, the screenshots display the cluster of 7 currencies with Euro as a base one: EURUSD, EURGBP, EURCHF, EURAUD, EURCAD, EURJPY and EURNZD.
Trade Channel Indicator DCMV
The DCMV Indicator calculates the following Channel characteristics:
Channel Bounds (for TP and SL). It's assumed that price will never go outside the channel.Center Line of the Channel.Settlement price (with probability 90% the price will return to this line).Reference line (used for detection of trend).Upper and Lower breakborder. Used for generation of trade signals: channel breakout (trend strategies), false breakouts (flat strategies).Usage:
The indicator pro
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 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 Trend Strength is now available for the MetaTrader 5.
This indicator determines the strength of a short-term trend using the tick history that is stores during its operation.
The indicator is based on two principles of trend technical analysis:
The current trend is more likely to continue than change its direction. The trend will move in the same direction until it weakens.The indicator works on the M30, H1, H4 and D1 timeframes.
It is easy to work with this indicator both in manu
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:
This indicator gives full information about the market state: strength and direction of a trend, volatility and price movement channel. It has two graphical components:
Histogram: the size and the color of a bar show the strength and direction of a trend. Positive values show an ascending trend and negative values - a descending trend. Green bar is for up motion, red one - for down motion, and the yellow one means no trend. Signal line is the value of the histogram (you can enable divergence
Main Pivots is an indicator which looks for pivots points on preset intervals (days, weeks, months, years, etc.). Then all extreme points are checked for splice and consistent support and resistance lines are formed. These lines are useful for detecting the best pivot points.
It finds a pair of pivot lines for each interval which correspond to Low (support line) and High (resistance line) of the price movement on the interval. Difference between these lines represemt the price movement for the
The TrendX is a technical indicator which allows to determine not only the movement direction of the market, but also to identify the flat areas.
It is based on the CCI indicator and a combination of price patterns.
The indicator works on all symbols and timeframes.
Two parameters allow to customize the indicator as needed, PERIOD is the period of CCI and T_Value is the significance of the trend.
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2014.02.22 10:27
Forex Weekly Fundamentals : Outlook Feb. 24-28
Weaker than expected data was reported almost everywhere. After
suffering losses, can the US dollar emerge as a winner? Euro-zone
inflation, Us consumer confidence, Housing data, Unemployment Claims and
GDP data from the US, UK and Canada are among the major events on our
calendar. Here is an outlook on the main market-movers this week.
The weakness was seen everywhere: a terrible Philly Fed Index in the
US, a disappointing growth rate in Japan, a weak PMI in China, lower
business sentiment in Germany and a rising unemployment rate in the UK,
among others. Nevertheless, it seems that one central bank is not
deterred: the Federal Reserve. Meeting minutes from the last decision
showed again that the taper train is on the track.
newdigital, 2014.02.22 15:47
EURUSD Fundamentals (based on dailyfx article)
Fundamental Forecast for Euro: Neutral
newdigital, 2014.02.24 10:51
if actual > forecast = good for currency (for EUR in our case)
German Business Confidence Strongest Since Mid-2011
German business confidence strengthened unexpectedly in January to the highest level since July 2011 despite a drop in expectations.
business confidence index climbed to 111.3 from 110.6 in January, the
Ifo institute reportedly said Monday. The reading was expected to remain
stable at 110.6.
Likewise, the current conditions index improved
to 114.4 from 112.4 a month ago. Nonetheless, the score is below the
expected level of 112.7.
MetaTrader Trading Platform Screenshots
EURUSD, M5, 2014.02.24
MetaQuotes Software Corp., MetaTrader 5, Demo
EURUSD M5 : 19 pips price movement by EUR - German Ifo Survey news event
newdigital, 2014.02.23 19:44
EUR/USD Fundamentals - weekly outlook: February 24 - 28 (based on investing article)
The euro was higher against the dollar on Friday following the release
of weaker-than-expected data on U.S. existing home sales, amid ongoing
concerns over the impact of severe winter weather on the economic
Monday, February 24
newdigital, 2014.02.25 09:31
German Q4 Growth Confirmed At 0.4%
The German economy expanded moderately at the end of 2013, as initially estimated early this month, final data from Destatis showed Tuesday.
gross domestic product increased 0.4 percent from a quarter ago,
slightly faster than the 0.3 percent expansion seen in the third
quarter. This was in line with the results of calculations published on
The expenditure-side breakdown of GDP showed that
exports of goods and services were up 2.6 percent from the third
quarter. At the same time, imports increased by not more than 0.6
EURUSD, M5, 2014.02.25
EURUSD M5 : 7 pips price movement by EUR - German GDP news event
newdigital, 2014.02.25 09:38
2013-02-25 07:00 GMT (or 08:00 MQ MT5 time) | [EUR - France Business Climate]
French Business Confidence Remains Unchanged In February
French business confidence remained unchanged as expected in February, a closely-watched survey showed Tuesday.
The business sentiment index came in at 100 for the third consecutive month, the statistical office Insee said.
balance of opinion on past change in production has improved and has
reached its long-term average. The balance of opinion on personal
production expectation fell marginally to 9 from 10. General production
expectations weakened to -6 from -4 in January.
EURUSD M5 : 18 pips price movement by EUR - France Business Climate news event
newdigital, 2014.02.25 14:55
EURUSD Technical Analysis (based on dailyfx article)
newdigital, 2014.02.25 13:04
Trading the News: U.S. Consumer Confidence (adapted from dailyfx article)
The Conference Board’s Consumer Confidence survey is expected to narrow
to 80.0 in February and a marked decline in household sentiment may
trigger a bearish reaction in the U.S. dollar as it dampens the outlook
for growth and inflation.
Time of release: 02/25/2014 15:00 GMT, 10:00 EST
Primary Pair Impact: EURUSD
Forecast: 78.0 to 82.0
Why Is This Event Important:
With the Federal Open Market Committee (FOMC) poised to discuss another
$10B taper at the March 19 meeting, a dismal confidence reading may have
a greater impact on the interest rate outlook, and the greenback may
face additional headwinds over the near to medium-term as the central
bank retains the dovish twist to its forward-guidance.
How To Trade This Event Risk
Bearish USD Trade: Confidence Survey Weakens to 80.0 or Lower
January 2014 U.S. Consumer Confidence (EURUSD M5 : 16 pips price movement by USD - Consumer Confidence news event) :
EURUSD M5 : 30 pips price movement by USD - CB Consumer Confidence news event
newdigital, 2014.02.25 17:00
if actual > forecast = good for currency (for USD in our case)
U.S. Consumer Confidence Index Falls More Than Expected In February
With consumers expressing concerns about the short-term outlook for business
conditions, jobs, and earnings, the Conference Board released a report
on Tuesday showing that U.S. consumer confidence has deteriorated by
more than expected in February.
The Conference Board said its
consumer confidence index fell to 78.1 in February from a downwardly
revised 79.4 in January. Economists had been expecting the index to edge
down to 80.1 from the 80.7 originally reported for the previous month.
newdigital, 2014.02.26 09:00
German GfK Consumer Sentiment To Improve In March
Germany's consumer confidence is set to improve in March, a closely watched survey from GfK showed Wednesday.
consumer confidence index rose to 8.5 points from 8.3 points in
February. The index was forecast to remain unchanged at February's
originally estimated value of 8.2.
EURUSD M5 : 7 pips ranging price movement by EUR - GfK German Consumer Survey news event :
newdigital, 2014.02.27 09:14
2013-02-27 07:45 GMT (or 08:45 MQ MT5 time) | [EUR - French Consumer Confidence]
French Consumer Confidence 85 vs. 86 forecast
French consumer confidence fell unexpectedly last month, official data showed on Thursday.
In a report, INSEE said that French Consumer Confidence fell to 85, from 86 in the preceding month.Analysts had expected French Consumer Confidence to remain unchanged at 86 last month.
newdigital, 2014.02.27 09:20
2013-02-27 08:00 GMT (or 09:00 MQ MT5 time) | [EUR - Spain GDP]
Spanish GDP 0.2% vs. 0.3% forecast
Spain’s gross domestic product rose less-than-expected last month, official data showed on Thursday.
In a report, Instituto Nacional de Estadistica said that Spanish GDP rose to 0.2%, from 0.3% in the preceding month.Analysts had expected Spanish GDP to rise 0.3% last month.
EURUSD, M5, 2014.02.27
EURUSD M5 : 35 pips price movement by EUR - French Consumer Confidence and EUR - Spain GDP news events