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.
Displays divergence for any custom indicator. You just need to specify the name of an indicator name; on default it uses CCI.
In addition you can set smoothing for the selected indicator as well as levels. If one of these levels is crossed, you'll receive a notification. The custom indicator must be compiled (a file with extension EX5) and it must be located in MQL5/Indicators directory of the client terminal or in one of its subdirectories. It uses zero bar of the selected indicator with defau
Find double top and double bottom reversal chart patterns easily with this indicator.
Easy to use Customizable colors and sizes It implements breakout signals It implements alerts of all kinds
Indicator Settings - The amplitude represents the size of the patterns to be found. The max. history bars parameter is the amount of bars in the chart to look back.
Less bars to evaluate means the indicator will load faster. Patterns - Choose the colors of the patt
The Synchronized Charts script allows comparing bars of different symbols or different periods of the same symbol.
Attach the script to a chart and move bars or change the scale, all opened chart will move synchronously with the current one. The bars on different charts aligned to the border according to their open time.
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
The main purpose of the indicator is to draw the wave marking on the basis of maximum and minimum levels that has been reached on greater, average and smaller period. It starts to draw the point of a possible wave end if the price passes the deviation distance specified in the settings; the point is considered to be formed if the last closed candlestick hasn't made a new exteremum comparing to the previous candlestick. The fact of displaying a digit of a period itself is not a signal. You need t
Addition to the standard Relative Strength Index (RSI) indicator, which allows to configure various notifications about the events related with the indicator. For those who don't know what this indicator is useful for, read here. This version is for MetaTrader 5, MetaTrader 4 version - here.
Currently implemented events:
Crossing from top to bottom - of the upper signal level (default - 70) - sell signal. Crossing from bottom to top - of the upper signal level (default - 70) - sell sign
The product combines a manual trade panel with the ability to perform actions automatically in a highly configurable way. Actions include capturing indicator values and then based on those values raising alerts, open/close or partially close trades, scale-in, setting up pending orders, adjusting stop loss, take profit and more. On-chart controls can be configured, such as tick boxes and buttons, so can be fully interactive. The EA also handles money management, news events, hidden stop loss, tak
This is an utility for automatic scaling of a chart and making at least 140 bars visible in it. This is necessary for a correct wave analysis according to the Bill Williams' strategy "Trading Chaos". The utility can be used on any timeframe available in МetaТrader 5.
It draws a vertical line through the first bar the calculation starts from. This line allows you to see the probable starting point of the wave sequence along with a sufficient number of bars displayed in the chart. It also makes t
The indicator shows the relative "strength explosion" of a selected currency. An additional "limiting" channel is used for filtering the indicator values.
VolatilityPeriod - period to analyze currency volatility, MainPrice - price used for calculation main values of the indicator, FastPeriod - fast period for calculation, FastMethod - method of smoothing of the fast line, SlowPeriod - slow period for calculation, SlowMethod - method of smoothing of the slow line, SmoothingPeriod - resul
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.
Chart Overlay indicator displays the price action of several instruments on the same chart allowing you to evaluate how differently currency pairs fluctuate relative to each other.
Find overbought or oversold currency pairs easily Plot up to 6 currency pairs overlayed on the same chart Display inverted symbols -if you want to- Adapts to chart size, zoom and timeframe Symbols can be plotted as bars or line charts The size of the overlay chart is customizable Automatic price
This script help user record the value of Moving Average and OHLC at the moment once deals happen.
The datas save as .CSV format file so you can quantitative analysis someone's trading.
Please input value of MA's parameters you like. It tells you the path of data file when script is stopped.
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
The indicator automatically plots and tracks buy and sell Fibo levels at any symbol and timeframe.
the trend on all timeframes and indicators values.
Fibo levels of the probable upward or downward price movements.entry points are shown using "up arrow", "down arrow" icons. The data is doubled on SELL and BUY buttons.rectangle area limited by levels 0-100. Trading is performed from one level to another (no trend).Features
calculation of the trend of indicat
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
This is a half scalping system that analyzes the market using a transmission function. The system can be scalping or not depending on the "takeprofit" and "stoploss" parameters.
This Expert Advisor is intended for trading on EURUSD, however it can work on other currency pairs. You should use timeframe M1 for trading.
You should optimize only two parameters: Seconds_to_move and TradePrice. It is sufficient to optimize Bobra Adept only once, for example, for a half year period. After that, Bobra
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 indicator represents an additional chart window with a lower time frame where bars are combined into groups that are equivalent in time to main chart time frame. Bars are synchronized by the right hand side of the window, i.e. the time of the last bar in the main window corresponds to the time of the last bar group in the additional window. The maximum number of groups is 16; the maximum number of bars combined into groups in the additional window is 256. Limitations on the numbers are requi
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the marke
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 Expert Advisor for increasing (or opening) market positions.
Allows specifying the desired risk, target and searching for the best open price and trade volume.
It is included in the ActivePanel product.
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
Another breakthrough. Using the legendary BBSO range trading module the no 1 ROBOT AND THE AMAZING SPEED OF METATRADER 5, this scalper generates a lot of quick trades in and out using the strongest point of BBSO the ENTRY.
Self-optimizes in seconds ANY Pair on any timeframe (always check with Olivier Nomblot for current settings and pairs).
No special CPU needs or fast internet connections or set files or strategies or complicated parameters. Adapts to your broker... just drag on your screen.
Purpose and functions of the indicator
The indicator determines and marks the moments of trend change on a chart based on the theory of fractal levels breakdown on any time frames. If a breakdown based on all rules is real, the horizontal lines will appear on the chart with corresponding color. If there is an up trend, the line will be blue. In the descending trend the line will be red. The blue line is a strong support level, the trader should look for buying opportunities above this line. The
VWAP is Volume Weighted Average Price. It is calculated as addition of products of volume and price divided by the total volume.
This version of the indicator is universal as it has three modes of operation:
Moving - in this mode the indicator works as a moving average. But unlike ordinary SMA it has smaller lags during big movements! Bands of square deviation can be used in the same way as Bollinger Bands. Period - in this mode the calculations are performed from the start to the end of p
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
FX Power is the first real time currency strength meter with a real time histogram.
Run FX Power to analyze and record the momentum and strength of all major currencies.
Use the FX Power histogram to determine efficient currency strength combinations and patterns.
Key Features of FX Power
Real time market strength of all major currencies Identical calculation results at all brokers and charts 100% reliable real time calculations -> no repainting Selectable t
This unique indicator detects reversal signals using price action and volume algorithm. It has also the ability to predict reversal power using the probability of past price movement and past volume analyzed.
To achieve more accurate trading, please use this tool in addition or support to the system you are using. This tool will perform better if combined with the right strategy.
To further boost the efficiency of this tool, you can combine this with FxGlow Zone Barr
qAutoActivation indicator is one of the main components of Trading Chaos Expert trading expert panel. The indicator displays the current trend on the current timeframe. This is the first indicator that is attached to the chart and saved in the trading complex template. It defines what trading signals from the expert panel should be automated for market entry (bullish or bearish ones).
When the trend changes, the indicator changes the line color and, at the same time, highlights the trading pane
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
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.