This is the thread about books related for stocks, forex, financial
market and economics. Please make a post about books with possible cover
image, short description and official link to buy (amazon for example).
Posts with links to unofficial resellers will be deleted.
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
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 main purpose of the indicator is to detect and mark on a chart the following trade signals described in "New Trading Dimensions":
Bullish and bearish reverse bars with angulation (including squat). Bars in the green and red zones according to the histogram color of Awesome Oscillator and Accelerator Oscillator. Bars in the grey zone, when the Awesome Oscillator and Accelerator Oscillator histograms below these bars have opposite directions. Blue squat bars on chart independent of the
Pipfinite creates unique, high quality and affordable trading tools.
Our tools may or may not work for you, so we strongly suggest to try the Demo Version for MT4 first. Please test the indicator prior to purchasing to determine if it works for you.
We want your good reviews, so hurry up and test it for free...we hope you will find it useful.
Breakout Analyzer with Volume Critical
Strategy: Enter confirmed reversal setups Watch Video: (Click Here)Breakout Analyzer with Strength
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
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 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
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
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 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 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:
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 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 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
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
Percent Crosshair is a powerful and easy percentage measure tool.
Measure the chart percentage very quick! Don't waste your time anymore!
Just attach the Percent Crosshair indicator in the chart, select crosshair mode at toolbars or press "Ctrl+F" and start using the crosshair as you always do! The percent measure will be next to the indicative price.
Customize your indicator the way you want!
There are 4 entry parameters:
Positive % color: set the desired color when % is positive. Negat
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 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
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
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
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!
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 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 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.
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
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
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
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 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
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
Para uno de los mejores libros sobre economía es "La Acción Humana" de Ludwig Von Mises.
Seguramente el libro más completo de economia y que todo economista tiene que haber leído al menos una vez en su vida.
Human Action: A Treatise on Economics
Ludwig Von Mises
2012 Reprint of 1949 Edition. Exact facsimile of the original edition,
not reproduced with Optical Recognition Software. "Human Action: A
Treatise on Economics" is the first comprehensive treatise on economics
written by a leading member of the modern Austrian school of economics.
Von Mises contribution was very simple, yet at the same time extremely
profound: he pointed out that the whole economy is the result of what
individuals do. Individuals act, choose, cooperate, compete, and trade
with one another. In this way Mises explained how complex market
phenomena develop. Mises did not simply describe economic phenomena -
prices, wages, interest rates, money, monopoly and even the trade cycle -
he explained them as the outcomes of countless conscious, purposive
actions, choices, and preferences of individuals, each of whom was
trying as best as he or she could under the circumstances to attain
various wants and ends and to avoid undesired consequences. Hence the
title Mises chose for his economic treatise, "Human Action."
The Goal: A Process of Ongoing Improvement Paperbackby Eliyahu M. Goldratt
Revised third edition!
Alex Rogo is the manager of a failing manufacturing plant who receives
an ultimatum from corporate headquarters: Turn the situation around in
three months or the plant will be scrapped. With help from a mysterious
mentor, Rogo discovers a revolutionary new way to do business—a way for
people in any field of endeavor to increase productivity, profitability,
and personal fulfillment.
A business book disguised as a novel, a love story about the
manufacturing process, and an exhilarating adventure in human potential,
The Goal is changing how America does business. First published in
1984, it became an underground bestseller; today it's used by thousands
of companies and taught in hundreds of business schools. Includes the
author's personal story, "My Saga."
This third edition includes case study interviews. Professional readers
recreate interviews that David Whitford, Editor at Large with Fortune
Small Business, conducts with the author Eli Goldratt and with business
professionals from General Motors, Thomson-Shore, Security Federal Banks
and others who put the principles of The Goal into action.
The Effective Executive: The Definitive Guide to Getting the Right Things Done
The measure of the executive, Peter F. Drucker reminds us, is the
ability to "get the right things done." This usually involves doing what
other people have overlooked as well as avoiding what is unproductive.
Intelligence, imagination, and knowledge may all be wasted in an
executive job without the acquired habits of mind that mold them into
Drucker identifies five practices essential to business effectiveness that can, and must, be learned:
Ranging widely through the annals of business and government, Peter F.
Drucker demonstrates the distinctive skill of the executive and offers
fresh insights into old and seemingly obvious business situations.
by Clayton M. Christensen
An innovation classic. From Steve Jobs to Jeff Bezos, Clay
Christensen’s work continues to underpin today’s most innovative leaders
The bestselling classic on disruptive innovation, by renowned author Clayton M. Christensen.
His work is cited by the world’s best-known thought leaders, from Steve
Jobs to Malcolm Gladwell. In this classic bestseller—one of the most
influential business books of all time—innovation expert Clayton
Christensen shows how even the most outstanding companies can do
everything right—yet still lose market leadership.
Christensen explains why most companies miss out on new waves of
innovation. No matter the industry, he says, a successful company with
established products will get pushed aside unless managers know how and
when to abandon traditional business practices.
Offering both successes and failures from leading companies as a guide,
The Innovator’s Dilemma gives you a set of rules for capitalizing on the
phenomenon of disruptive innovation.
Sharp, cogent, and provocative—and consistently noted as one of the most
valuable business ideas of all time—The Innovator’s Dilemma is the book
no manager, leader, or entrepreneur should be without.
Ralph Nelson Elliott
The Elliott Wave Principle is a form of technical analysis that some
traders use to analyze financial market cycles and forecast market
trends by identifying extremes in investor psychology, highs and lows in
prices, and other collective factors. Ralph Nelson Elliott, a
professional accountant, discovered the underlying social principles and
developed the analytical tools. He proposed that market prices unfold
in specific patterns, which practitioners today call Elliott waves, or
simply waves. Elliott published his theory of market behavior in this
book "The Wave Principle". Elliott stated that "because man is subject
to rhythmical procedure, calculations having to do with his activities
can be projected far into the future with a justification and certainty
Forum on trading, automated trading systems and testing trading strategies
Discussion of article "The Implementation of Automatic Analysis of the Elliott Waves in MQL5"
newdigital, 2014.03.13 09:39
Keys to Investor Success - Elliott Wave Theory (based on thetechnicaltraders article)
Elliott Wave Theory - Plenty of people will freely offer you
advice on how to spend or invest your money. “Buy low and sell high,”
they’ll tell you, “that’s really all there is to it!” And while there is
a core truth to the statement, the real secret is in knowing how to
spot the highs and lows, and thus, when to do your buying and selling.
Sadly, that’s the part of the equation that most of the advice givers
you’ll run across are content to leave you in the dark about.
The reality is that no matter how many times you are told differently,
there is no ‘magic bullet.’ There is no plan, no series of steps you can
follow that will, with absolute certainty, bring you wealth. If you
happen across anyone who says otherwise, you can rely on the fact that
he or she has an agenda, and that at least part of that agenda involves
convincing you to open your wallet.
In the place of a surefire way to make profits, what is there? Where can
you turn, and what kinds of things should you be looking for?
The answers to those questions aren’t as glamorous sounding as the
promises made by those who just want to take your money, but they are
much more effective. Things like careful, meticulous research. Market
trend analysis. Paying close attention to extrinsic factors that could
impact whatever industry you’re planning to invest in, and of course,
Elliott wave theory. If you’ve never heard of the Elliott wave, you owe
it to yourself to learn more about it.
Postulated by Ralph Nelson Elliott in the late 1930’s, it is essentially
a psychological approach to investing that identifies specific stimuli
that large groups tend to respond to in the same way. By identifying
these stimuli, it then becomes possible to predict which direction the
market will likely move, and as he outlined in his book “The Wave
Principle,” market prices tend to unfold in specific patterns or
The fact that many of the most successful Wall Street investors and
portfolio managers use this type of trend analysis in their own decision
making process should be compelling evidence that you should consider
doing the same. No, it’s not perfect, and it is certainly not a
guarantee, but it provides a strong framework of probability that, when
combined with other research and analysis, can lead to consistently good
decisions, and at the end of the day, that’s what investing is all
about. Consistently good decision making.
For many, its not practical to employ Elliott Wave analysis with
individual stocks and trading, but it can be done with experience.
Knowing when to enter and exit a position whether your time frame is
short, intermediate, or longer… can often be identified with good
Elliott Wave Theory practices. Your results and your portfolio will
Book: Algorithmic Trading and DMA: An introduction to direct access trading strategies
MetaQuotes, 2014.01.12 18:40
Algorithmic trading and Direct Market Access (DMA) are important
tools helping both buy and sell-side traders to achieve best execution.
This book starts from the ground up to provide detailed explanations of both these techniques:
Algorithmic Trading: Winning Strategies and Their Rationale
Praise for Algorithmic Trading
"Algorithmic Trading is an insightful book on quantitative trading
written by a seasoned practitioner. What sets this book apart from many
others in the space is the emphasis on real examples as opposed to
just theory. Concepts are not only described, they are brought to life
with actual trading strategies, which give the reader insight into how
and why each strategy was developed, how it was implemented, and even
how it was coded. This book is a valuable resource for anyone looking
to create their own systematic trading strategies and those involved in
manager selection, where the knowledge contained in this book will
lead to a more informed and nuanced conversation with managers."
- DAREN SMITH, CFA, CAIA, FSA, Managing Director, Manager Selection
& Portfolio Construction, University of Toronto Asset Management
"Using an excellent selection of mean reversion and momentum
strategies, Ernie explains the rationale behind each one, shows how to
test it, how to improve it, and discusses implementation issues. His
book is a careful, detailed exposition of the scientific method applied
to strategy development. For serious retail traders, I know of no
other book that provides this range of examples and level of detail.
His discussions of how regime changes affect strategies, and of risk
management, are invaluable bonuses."
- Roger Hunter, Mathematician and Algorithmic Trader
Technical Analysis Explained Fifth Edition : Martin Pring
The face of investing has significantly changed in the 30 years since
this book's first publication, but one essential component of the
markets has not--human behavior. Whether you're trading cornerstone
commodities or innovative investment products, observing how investors
responded to past events through technical analysis is your key to
forecasting when to buy and sell in the future. This fully updated fifth
edition shows you how to maximize your profits in today's complex
markets by tailoring your application of this powerful tool.
Tens of thousands of individual and professional investors have used the
guidance in this book to grow their wealth by understanding,
interpreting, and forecasting significant moves in both individual
stocks and entire markets. This new edition streamlines its
time-honored, profit-driven approach, while updating every chapter with
new examples, tables, charts, and comments that reflect the real-world
situations you encounter in everyday trading. Required reading among
many professionals, this authoritative resource now features:
Properly reading and balancing the variety of indicators used in
technical analysis is an art, and no other book better illustrates the
repeatable steps you need to take to master it.
When used with patience and discipline, Technical Analysis Explained,
Fifth Edition, will make you a better decision maker and increase your
chances of greater profits.
The Little Book Of Trading : Michael W. Covel
The last decade has left people terrified of even the safest investment
opportunities. This fear is not helping would-be investors who could be
making money if they had a solid plan. The Little Book of Trading
teaches the average person rules and philosophies that winners use to
beat the market, regardless of the financial climate.
The market has always fluctuated, but savvy traders know how to make
money in good times and bad. Drawing on author Michael Covel's own
trading experience, as well as insights from legendary traders, the book
offers sound, practical advice in an easy to understand, readily
digestible way. The Little Book of Trading:
Identifies tools, concepts, psychologies, and philosophies that keep
people protected and making money when the next market bubble or
surprise crisis occurs
Features top traders in each chapter that have beaten the market for
decades, providing readers with their moneymaking knowledge
Shows how traders who beat mutual fund performance make money at different times, not just from stocks alone
Most importantly, The Little Book of Trading explains why mutual funds
should not be the investment vehicle of choice for people looking to
secure retirement, a radical realization highlighting the changed face
of investing today.