D1 price is above Ichimoku cloud/kumo and Sinkou Span A for primary bullish market condition. Chinkou Span line of Ichimoku indicator crossed historical price on open bar from above to below which is indicating the possible correction within primary bullish on the near future.
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 USDCAD price movement for this coming week)
2013-03-03 01:45 GMT (or 02:45 MQ MT5 time) | [CNY - HSBC Final Manufacturing PMI]
2013-03-03 13:30 GMT (or 14:30 MQ MT5 time) | [CAD - RMPI]
2013-03-03 15:00 GMT (or 16:00 MQ MT5 time) | [USD - ISM Manufacturing PMI]
2013-03-05 15:00 GMT (or 16:00 MQ MT5 time) | [CAD - Interest Rate]
2013-03-06 13:30 GMT (or 14:30 MQ MT5 time) | [CAD - Building Permits]
2013-03-06 15:00 GMT (or 16:00 MQ MT5 time) | [CAD - Ivey PMI]
2013-03-06 16:30 GMT (or 17:30 MQ MT5 time) | [CAD - Gov Council Member Speech]
2013-03-07 13:30 GMT (or 14:30 MQ MT5 time) | [CAD - Trade Balance]
2013-03-07 13:30 GMT (or 14:30 MQ MT5 time) | [CAD - Employment Change]
2013-03-07 13:30 GMT (or 14:30 MQ MT5 time) | [USD - Non-Farm Employment Change]
Please note : some US (and CNY) high/medium impacted news events (incl speeches) are also affected on USDCAD price movement
SUMMARY : bullish
TREND : correction
The indicator has been designed for use on FORTS, but it can also work on other markets, at brokers broadcasting the required data.
A peculiarity of these data is that they cannot be requested from the broker's server as a section of history, but can only be obtained for the current moment.
The indicator periodically requests the broker, collects to a file and displays the following history from the stored file:
The weighted average price. The volume of buy orders. The volume of sel
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 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
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.
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
Scalper with Automatic Parameter Setting
Would you like to have an Expert Advisor that could automatically calculate trade parameters and adjust to the current market situation?
We present you our new development for the Forex market. This is a tick scalper for МТ4 and МТ5 - TickSniper.
Trading with it is fully automated. Forget continuous monitoring - this Expert Advisor trades independently. Its settings have been optimized over the course of testing on our real accounts.
This indicator incorporates the volume to inform the market trend. A warning system (chart, SMS and e-mail) is incorporated for warning when a certain level is exceeded.
Developed by Marc Chaikin, Chaikin Money Flow (CMF) measures the amount of Money Flow Volume (MFV) over a specific period. Money Flow Volume forms the basis for the Accumulation Distribution Line. Instead of a cumulative total of Money Flow Volume, Chaikin Money Flow simply sums Money Flow Volume for a specific look-back
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
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
The Smooth Price technical indicator is used for plotting a smoothed line as close to the price of the financial instrument as possible, and serves to eliminate its noise components. The indicator is part of the Monarch trading system, but here it is presented as an independent technical analysis tool.
The indicator is based on the cluster digital filter, which, unlike the ClusterSMA, is applied directly to the price time series. Smooth Price does not redraw (except the very last, zero bar) and
This indicator has been created by a former hedge-fund employee and it automatically identifies when a divergence occurs between price and an oscillator. It can identify both bull and bear divergence and it is pre-loaded with four of the most popular oscillators. You can choose from RSI, MACD, Stochastics and CCI.
Remember: When a divergence occurs, it means that price and momentum are not in agreement. And divergence signals are widely used by institutional traders to identify potential revers
The main purpose of the indicator is to detect and mark trade signals on the histogram of the Awesome Oscillator according to the strategies "Trading Chaos, second edition" and "New Trading Dimensions".
The indicator detects and marks the following trade signals:
"Two peaks" - Divergence. The signal "Second wise-man" - third consequent bar of the Awesome Oscillator after its color is changed. The histogram crosses the zero line. The signal "Saucer".The indicator includes a signal block th
This is a half scalping system that analyzes the market using a transmission function and price movement speed.
This Expert Advisor is intended for trading on EURUSD, however it can run on other currency pairs. Please use the M1 timeframe.
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 Adept shows good results on a forward period (or backward in my case). This ca
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
VirtualTradePad - is a contol panel for working with orders in МetaТrader 5 : buy, sell, buystop, buylimit, sellstop, selllimit, close, delete, modify, tralling stop.
VirtualTradePad won 2nd prize in the "Best Control Panel in the MQL5 Language" Contest.
The panel consists of 5 tabs.
VirtualTradePad PositionsStyle VirtualTradePad Ordersstyle VirtualTradePad SignalsStyleDemo version of the panel - VirtualTradePad LiteProfit or Loss PadINFO PadYou can also try this panel for
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 Sane Reversal indicator is one of the leading oscillators. The signals are generated early, unlike in other indicators which give the signal after the price goes far away in either direction. The indicator displays the price reversals using arrows with high accuracy. The arrows appear on the zero bar and do not flicker of disappear regardless of the market volatility, which allows to trade effectively with short stop losses:
the Buy signal - white arrow on the bar Low,the Sell signal - red
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
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My Money Manager like a risk controller, which places your trades with the exact volume that meets your desired stop loss risk.
It can also help you to preview your EP/SL/TP levels before placing an order by dragging these levels directly on a chart, and keep reporting about them during the position opening.
With this tool, you will feel more comfortable when deciding to open orders, as well as forecasting your profit/loss with your orders. Placing orders is a very precise and profe
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The main feature of this indicator is its fast algorithm. The speed of calculation of the polynomial algorithm and its standard deviation values is several thousand times faster than conventional algorithms. So this is a convenient algorithm for use without the need to apply supercomputers.
Beginning with the version 1.4
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The iTicksChart allows you to create custom tick charts. It is suitable not only for trading but also for analysis of tick history. Each missed or ambiguous tick is fixed and displayed on the chart. Experts, indicators, graphical objects can be used for technical analysis.
Advantages and Features
runs and works at any open chart window (called "base chart" further on in this document); looks like a common chart after launching (see Screenshots); history quality is monitored - each missed o
Ermou Street rather than an expert or an indicator is a all-in-one trading assistant easing your trading sessions by providing signals and notifications. It's an assistant rather than a robot - "an assisted steering rather than an autopilot", and now, it autoadjusts itself to any instrument, any timeframe & any circumstance.
First, you should watch the video. Then here's some explanation:
By default, attaching Ermou Street to a chart, you’ll get:
A panel Signals: buy (default b
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. Ty
This is an optimized version of MACD.
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The indicator has standard settings. The new modification of indicator provides special marking of the segment when the moving averages begin to form a cross in one direction or another. The Alligator`s cross indicates that the trend is about to change. Modified Alligator helps traders to determine a trend on a particular timeframe even if the averages are intertwined and have a shift in the future. Direction of a trend is determined by a cross of the averages with a specified marking area on th
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
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
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2014.03.02 13:23
Forex Fundamentals - Weekly outlook: March 3 - 7
The U.S. dollar ended the week lower against most of the other main
currencies on Friday after data showed that U.S. fourth quarter growth
was revised lower, adding to worries that the Federal Reserve may slow
the pace of reductions to its stimulus program.
Monday, March 3
newdigital, 2014.03.03 08:05
if actual > forecast = good for currency (for CNY in our case)
HSBC confirms China manufacturing index at seven-month low
Chinese manufacturing activity contracted in
February at its worst rate in seven months, British banking giant HSBC
said Monday, the latest data indicating trouble in the world's number
Chinese manufacturing activity contracted in February at its worst
rate in seven months, British banking giant HSBC said Monday, the latest
data indicating trouble in the world's number two economy.
said its final purchasing managers' index (PMI) for China, which tracks
manufacturing activity in factories and workshops, fell to 48.5 last
It was a slight increase on the flash PMI of 48.3 the bank
released 11 days ago, but it remained the weakest reading since July
when the figure stood at 47.7, according to the bank's data.
index is a closely watched gauge of the health of the Asian economic
powerhouse. A reading above 50 indicates growth, while anything below
In January, the index showed contraction for the first time in six months to hit 49.5.
MetaTrader Trading Platform Screenshots
USDCAD, M5, 2014.03.03
MetaQuotes Software Corp., MetaTrader 5, Demo
USDCAD M5 : 10 pips price movement by CNY - HSBC Final Manufacturing PMI news event
newdigital, 2014.03.03 15:32
if actual > forecast = good for currency (for CAD in our case)
Canadian RMPI rises 2.6% in January
Canada's raw materials price index rose for the second consecutive month in January, official data showed on Monday.
In a report, Statistics Canada said the raw materials purchase price
index increased by a seasonally adjusted 2.6% in January, blowing past
expectations for a 1% gain.
USDCAD M5 : 19 pips price movement by CAD - RMPI news event
newdigital, 2014.03.04 06:37
USDCAD Technicals (based on dailyfx article)
newdigital, 2014.03.02 14:22
USD/CAD Fundamentals - weekly outlook: March 3 - 7
The Canadian dollar ended Friday’s session higher against the U.S.
dollar, after data showed that the Canadian economy grew more than
forecast in the final three months of 2013, while U.S. growth was
Monday, March 3
newdigital, 2014.03.05 14:31
2013-03-05 13:15 GMT (or 14:15 MQ MT5 time) | [USD - ADP Non-Farm Employment Change]
if actual > forecast = good for currency (for USD in our case)
ADP National Employment Report: Private Sector Employment Increased
by 139,000 Jobs in February
Private sector employment increased by 139,000 jobs from January to
February according to the February ADP National Employment Report(R).
Broadly distributed to the public each month, free of charge, the ADP
National Employment Report is produced by ADP(R), a leading global
provider of Human Capital Management (HCM) solutions, in
collaboration with Moody's Analytics. The report, which is derived
from ADP's actual payroll data, measures the change in total nonfarm
private employment each month on a seasonally-adjusted basis.
USDCAD, M5, 2014.03.05
USDCAD M5 : 8 pips price movement by USD - ADP Non-Farm Employment Change news event
newdigital, 2014.03.05 16:27
Bank of Canada leaves interest rate unchanged at 1%
The Bank of Canada left its benchmark interest rate unchanged in March
in a widely expected decision and repeated language from its January
policy statement on Wednesday.
In its sixth meeting under the helm of Governor Stephen Poloz, the
BoC said it was leaving its overnight cash rate unchanged at 1%, in line
“With inflation expected to be well below
target for some time, the downside risks to inflation remain important,”
said a statement accompanying the announcement.
The BoC judged
“that the balance of risks remains within the zone for which the current
stance of monetary policy is appropriate. The timing and direction of
the next change to the policy rate will depend on how new information
influences this balance of risks.”
USDCAD M5 : 56 pips price range movement by CAD - Interest Rate news event :
newdigital, 2014.03.06 16:12
Canadian Ivey PMI rises to 4-month high of 57.2 in February
Canada's Ivey purchasing managers’ index expanded at a faster rate than
expected in February, easing concerns over the country’s economic
outlook, industry data showed on Thursday.
In a report, the Richard Ivey School of Business said its purchasing
managers’ index rose to 57.2 last month from a reading of 56.8 in
January. Analysts had expected the index to decline to 54.0 in February.
USDCAD, M5, 2014.03.06
USDCAD M5 : 36 pips price movement by CAD - Ivey PMI news event
newdigital, 2014.03.07 10:25
Trading the News: U.S. Non-Farm Payrolls (based on dailyfx article)
The U.S. Non-Farm Payrolls report may prop up the dollar as the economy
is expected to add another 150K jobs in February, and a pickup in
employment may instill a bullish outlook for the greenback as the
Federal Reserve is widely anticipated to discuss another $10B taper at
the March 19 meeting.
Time of release: 03/07/2014 13:30 GMT, 8:30 EST
Primary Pair Impact: EURUSD
Forecast: 100K to 150K
Why Is This Event Important:
However, the recent slowdown in economic activity certainly raises the
risk of seeing another weaker-than-expected NFP print, and a dismal
result may heighten the bearish sentiment surrounding the reserve
currency as it limits the Fed’s scope to normalize monetary policy
sooner rather than later.
How To Trade This Event Risk
Bullish USD Trade: NFP Increases 155K+; Unemployment Holds at 6.6%
January 2014 U.S. Non-Farm Payrolls :
USDCAD, M5, 2014.03.07
USDCAD M5 : 94 pips price movement by USD - Non-Farm Payrolls news event