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 Number Levels indicator plots the levels of round numbers on the chart, which can be identified as the support and resistance levels.
The indicator implements the ability to set the interval between the round number levels For example, if you set HL1 = 1.00000, and HL2 = 1.05000, then the lines will be drawn every 500 points.
Important! To plot the round number levels for two or more different levels, it is necessary and sufficient to set different names to them in the indicator parameters
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
Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using.
Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s
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.
Support and Resistance are the important price levels to watch out during intraday market. These price levels are often tested before development of new trend or often stop the existing trend causing trend reversal at this point. Highly precise support and resistance are indispensable for experienced traders. Many typical trading strategies like breakout or trend reversal can be played well around these support and resistance levels. The Precision Support and Resistance are highly accurate suppo
S2 Trend At Wavelet is designed to eliminate the noises on the Price Chart. A clear picture of the market flow will be seen due to the elimination of the unnecessary variations on the chart.
Capabilities of S2 Trend:
Chart End could be shifted to any desired point by Market End Line; A desired Scale could be used by selecting Scale Menu and the result will be shown on the chart; A separate diagram on the Main Chart could be shown by using Chart window's check box; Graphical representation
Safe Automatic is a safe MetaТrader 5 trading robot working autonomously on a VPS server. The good results are achieved on EURUSD.
The EA applies modified versions of a trend-following strategy, half-pyramiding, scalping, Elliott Wave method and speculating trading with a deposit protection. The EA switches the strategies automatically. The robot does not trade at night from 10 p.m. to 4 a.m. (server time).
The robot was tested in the special tester on real ticks. Empirical e
Fast Copy MT5 allows you to copy trades between different MetaTrader 5 (netting)(hedge) and MetaTrader 4 accounts in any direction and amount, quickly and easily (without loading the system).
Any type of copying is available
MT4 → MT5 MT4 → MT4 MT5 → MT5 MT5 → MT4
* For the MetaTrader 4 terminal — Fast Copy MT4
* For the MetaTrader 5 terminal — Fast Copy MT5
** Before the purchase, you can test the program by downloading the free demo versions — Fast
The script is intended for automatic placing of 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 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
FULL Automatic is a fully autonomous trading robot for MetaТrader 5 without configurable parameters.
It is similar to SAFE Automatic robot intended for traders having no knowledge of trading basics. It works in Low, Medium, High and Extremal trading modes.
The EA applies modified versions of well-known strategies, including Elliott waves, following a trend, half-pyramiding, scalping, speculative trading with a double deposit protection. The EA switches the strategies automati
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
This software has no equals in the world and represents a universal trade "console" covering trading signals, automated market entry, setting of Stop Loss and Take Profit, as well as Trailing Profit for multiple trades at the same time in a single open window. Intuitive control of the Expert Advisor in "three clicks" ensures a comprehensive use of all its functions on different computers, including tablets PCs.
Interacting with additional signal indicators that mark the chart to give a real mar
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 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!
Fractal robot is working with classic Fractal indicator. Fractals data is used from several timeframes. In this way, robot puts a pending order at more reliable level and hold it eight days. If an order was not reached, it will be deleted. The strategy is simple but very reliable. It works reliably without martingale, grid or hedge, also there are no big stops. It best works on EURUSD M15. Stop loss - Take profit ratio is 1:1 (sl14, tp14).
The EA best works on EURUSD M15. It is
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
This Indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With only ONE chart you can read Currency Strength for 28 Forex pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity?
USER MANUAL: click here
Arrows in sub-window to show strong currency momentum GAP will guide your trading! Warning signs
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
PipTick VSA is based on the original Volume Spread Analysis method. It was designed for quick and easy recognition of VSA patterns. Even though this indicator looks very simple, it is the most sophisticated tool that we've ever made. PipTick VSA indicator is a really powerful analytical tool that generates very reliable trading signals. Because it is very user friendly and understandable, it is suitable for every type of trader, regardless of his experience.
What is VSA?
VSA - Volume Spread An
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
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
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
Tired of plotting trendlines? The PZ TrendLines MT5 indicator applies a mechanical approach to the construction of trend lines for you!
It can draw up to 18 trendlines Trendlines can be optionally based on fractals Each line represents a breakout level Each trendline can be broken or rejected Configurable amount of lines Configurable colors
Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.
Envelopes or channel lines are set parallel to the Moving Average (to the slow MA if you use two MAs). The two channel lines must contain approximately 95% of all prices for the past two or three months on a daily chart, with only the extremes protruding outside. Channel lines provide attractive profit targets - sell longs near the upper line and cover shorts near the lower line.
The AutoEnvelope is a custom indicator - an original tool that automatically selects channels width by calculating a
Veno EA MT5 is a safe and fully automated medium-term trading robot.
The EA does NOT use hedging, martingale, grid strategies, arbitrage, etc.
Veno Expert System MT5 automatically monitors the appearance of participants with distinct preference towards buying or selling on the market. Trades are conducted on sharp cluster and news based movements of the market. The robot analyzes the market volumes and volatility, and follows strong supply and demand movements. It smoothly sets breakeven level
This indicator provides tick volume delta analysis on M1 timeframe. It monitors up and down ticks and sums them up as separate volumes for buys and sells, as well as their delta volumes, and volume clusters on price scale within a specified number of bars. This indicator is similar to VolumeDeltaMT5, which uses almost the same algorithms but does not process ticks and therefore cannot work on M1. This is the reason for VolumeDeltaM1 to exist. On the other hand, VolumeDeltaMT5 can show its signal
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
FXG_Info – the most important data in one place.
MetaTrader 5 Indicator FXG_Info provides basic statistical information about a particular currency pair. So that in combination with a chart representing currency price it is easy to determine whether the current situation is good for trading. And when you open a position it will clearly show you the current data such as SL, TP, RR. You are not limited to currency. You can use any market which is provided by you broker.
The following information
Forum on trading, automated trading systems and testing trading strategies
Something Interesting in Financial Video November 2013
newdigital, 2013.11.01 06:47
Why Leverage is
the Biggest Advantage and the Biggest Disadvantage
The main advantage and disadvantage in
futures trading is the leverage involved. (You can hold a very large amount of a commodity
for a small deposit so any gains and losses are multiplied.) This is the main difference
between futures trading and, say, speculating with stocks and shares.
For example, you have $3000 to invest. You
could buy $3000 of shares in an Oil Mining Company, buying them outright. Or this $3000
may be sufficient margin (a goodwill "security bond") to buy a couple of Crude
Oil futures contracts worth $30,000.
The price of Crude Oil drops 10%. If this
effects the price of your mining stocks by 10%, you would lose $300 (10% of $3000). But
this 10% fall on the value of your Crude Oil futures contracts would lose $3000 (10% of
$30,000). In other words, all of your initial stake would be lost trading the futures
rather than only 10% of your capital trading the shares.
But, with Stop-Loss Orders you will
always know how much money you are risking in any trade.
A Stop Loss Order is a pre-determined
exiting point which automatically exits your position should the market go against you. In
the above example, you may only decide to risk $1000 on the Crude Oil futures contracts.
You would place a stop loss just under the market price and if the market dropped
slightly, your position would be exited for the $1000 loss.
So Leverage is great if the
market goes in your predicted direction - you could quickly double, treble or quadruple
your initial stake. But if the market goes against you, you could lose a lot of money just
as quickly. All of your initial stake (your margin) could be wiped out in a few days. And
in some cases, you may have to pay more money to your broker if the margin you have put up
is less than the loss of your trade.
How to Protect Profits with Stop-Loss
As mentioned above, losses can accumulate
just as quickly as profits in futures trading. Nearly every successful
trader uses Stop-Loss Orders in his trading to ensure profits are 'locked
in' and losses are minimised.
How do Stop-Losses work?
A stop-loss is usually placed when a trade
is entered, although it can be entered or moved at any time. It is placed slightly below
or above the current market price, depending on whether you are buying or
For example, say Pork Bellies is trading at
$55.00 and you think prices are about to rise. You decide to buy one Pork Bellies
contract, but you don't want to risk more than $800 on the trade. A one-cent move in the
market is worth $4.00 on a pork bellies futures contract so, therefore, you would place
your stop at $53.00 (200 cents away from the current price x $4 per point = $800).
You can also move a stop-loss order to
protect any profits you accumulate.
Taking the Pork Bellies example: Two weeks
later, bellies are now trading at $65.00. You are now up $4000 (1000 cents of movement x
$4). To protect these profits, you can raise your stop-loss simply by calling your broker.
Say you place it at $63.00, you have locked it a profit of at least $3200 and now risk
$800 to your new stop level.
But what if the market went against you?
Going back to the original position when you bought at $55.00 with a stop at $53.00: what
happens if the market suddenly tumbles down to $51.00 during the day? Your trade would
automatically be 'stopped out' at your stop level of $53.00 for an $800 loss. The fact
that the market closed the day at $51.00 is irrelevant as you are now out of the market.
(Had you not used a stop-loss and viewed the market at the end of the day, you would have
large losses on your hands!)
The same would happen if the market reached
$65.00 and you had raised your stop to $63.00: If the market fell from here, say to
$62.80, you would be stopped out at $63.00 and would have a profit of $3200. Even if the
market suddenly reversed here and rose to $79.00, this would be irrelevant as you are now
out of the market.
This last example would be annoying because
if you hadn't been stopped out, you would now be $9600 in profit. But you were stopped out
at your $63.00 stop. The market only went 20-cents under this and reversed!
It is for this reason that some traders
don't use stops: they have been stopped out in the past JUST when the market was about to
go their way.
The solution is not to abandon using stops
as this is EXTREMELY RISKY. The solution is to use stops effectively.
fast moving markets it is sometimes impossible for brokers to get your orders exited
exactly on your stop loss limits. They are legally required to do their best, but if the
price in the trading pit suddenly jumps over your limit, you may be required to settle the
difference. In the above scenario, the price of Pork Bellies could open trading at $62.50,
fifty cents through your stop at $63.00. Your broker would have to exit your trade here
and, in fact, you would lose $1000, $200 more than your anticipated $800.)
to Get Market Information
Commodity prices can change direction much
faster than other investments, such as company stocks. Therefore, it is important for
traders to stay on top of market announcements. Professional traders may use a wide number
of techniques to do this, using fundamental information and technical
Fundamental data may
include government reports of weather, crop sizes, livestock numbers, producer’s
figures, money supply and interest rates. Other fundamental news that could affect a
commodity might be news of an outbreak of war.
Technical indicators are
mathematical tools used to plot market prices and behaviour patterns on a graph. These can
include trend lines, over-bought and over-sold indicators, moving averages, momentum
indicators, Elliott wave analysis and Gann theory.
Some traders use just one of these basic
methods religiously, disregarding the other completely. Others use a combination of the
Many investors, especially smaller
investors, devise their own trading method or purchase one from another trader. (Be
careful not to buy a system that has been over-optimised and curve-fitted to fit past
data. Many times, I have seen systems claiming 80%+ winning trades on past data, but when
I have run the system on current prices, the results are breakeven at best!)
They normally paper trade
the method (i.e. they follow the markets but only pretend to place the trades) for a few
months to make sure the method works for them before placing any actual trades.
Tracking price charts and keeping up with
fundamental data is a difficult full-time job – some large organisations employ
dozens of staff to follow market moves. And some traders, especially those on the market
floor, may only hold a position for a few hours or even minutes.
So where does this leave the small,
independent investor who would like to trade in the lucrative futures markets?
Many trade on a daily or weekly basis, i.e.
they note or 'download' market prices at the end of each trading day and make their
decisions from this data. Often, they will leave a trade on for at least a few weeks
(possibly months). This is a much SAFER way of trading because any fluctuations are ridden
out and less panic-buying or selling is involved.
newdigital, 2014.01.23 11:01
Margin Call (adapted from dailyfx.com article)
To get a grasp on what a margin call is, you should understand the
purpose and use of Margin & Leverage. Margin & Leverage are two
sides of the same coin. The purpose of either is to help you control a
contract larger than your account balance. Simply put, margin is the
amount required to hold the trade open. Leverage is the multiple of
exposure to account equity. Therefore, if you have an account with a
value of $10,000 but you would like to buy a 100,000 contract for
EURUSD, you would be required to put up $800 for margin in an account
leaving $9,200 in usable margin. Usable Margin should be seen as a
safety net and you should protect your usable margin at all costs.Causes of a Margin Call
To understand the cause of a margin call is the first step. The second
and more beneficial step is learning understanding how to stay far away
from a potential margin call. The short answer as to understand what
causes a margin call is simple, you’ve run out of usable margin.The second and promised more beneficial step is to understand what
depletes your usable margin and stay away from those activities. In risk
of oversimplifying the causes, here are the top causes for margin calls
which you should avoid like the plague (presented in no specific
What Happens When A Margin Call Takes Place?
When a margin call takes place, you are liquidated or closed out of your
trades. The purpose is two-fold: you no longer have the money in your
account to hold the losing positions and the broker is now on the line
for your losses which is equally bad for the broker.
How to Avoid Margin Calls
Leverage is often and fittingly referred to as a double-edged sword. The
purpose of that statement is that the larger leverage you use to hold a
trade greater than some large multiple of your account, the less usable
margin you have to absorb any losses. The sword only cuts deeper if an
over-leveraged trade goes against you as the gains can quickly deplete
your account and when your usable margin % hits, zero, you will receive a
margin call. This only gives further credence to the reason of using
protective stops while cutting your losses as short as possible.
Something Interesting in Financial Video August 2013
newdigital, 2013.08.26 15:50
3. Individual speculators who actively trade currencies trying to profit
from the fluctuation of one currency against another. This is as we
discussed in our last lesson a relatively new phenomenon but most likely
the reason why you are watching this video and therefore a growing one.
Something Interesting to Read February 2014
newdigital, 2014.02.13 09:18
The Sensible Guide To Forex : Safer, Smarter Ways to Survive & Prosper From The Start : Cliff Wachtel
The Sensible Guide to Forex: Safer, Smarter Ways to Survive and Prosper
from the Start is written for the risk averse, mainstream retail
investor or trader seeking a more effective way to tap forex markets to
improve returns and hedge currency risk. As the most widely held
currencies are being devalued, they're taking your portfolio down with
them—unless you're prepared.
For traders, the book focuses on reducing the high risk, complexity, and time demands normally associated with forex trading.
For long-term investors, it concentrates on how to hedge currency risk
by diversifying portfolios into the strongest currencies for lower risk
and higher capital gains and income.
The usual forex materials don't provide practical answers for most
retail traders or longer term investors. Virtually all forex trading
materials focus on time-consuming, high-leverage, high-risk methods at
which most traders fail. Materials about long-term investing in foreign
assets rarely take into account the prospects of the related currency. A
falling currency can turn an otherwise good investment into a bad one.
Throughout the book, the emphasis is on planning and executing only low
risk, high potential yield trades or investments and avoiding serious
losses at all costs. Packed with richly illustrated examples every step
of the way and including additional appendices and references to online
resources, the book is the ultimate guide to forex for retail traders
and investors seeking to tap forex markets for better currency
diversification and income.
Provides traders with safer, smarter, less complex and
time-consuming ways to trade forex with higher odds of success. These
include the use of such increasingly popular new instruments like forex
binary options and social trading accounts that mimic expert traders.
Shows investors how to identify the currencies most likely to hold
or increase their value, and provides a wealth of ideas about how to
apply that knowledge to a long-term, low-maintenance portfolio for both
income and capital appreciation.
Helps anyone seeking an asset class with low correlation to other
markets by explaining how the very nature of forex markets means that
regardless of market conditions there's always a playable trend
somewhere, regardless of what other asset markets are doing, and how to
find and exploit it for a short-term trade or a long-term investment in a
currency pair, stock, bond, or other asset
The Sensible Guide to Forex is only book that teaches mainstream risk
averse investors and traders how to build a portfolio that’s diversified
by currency exposure as well as by asset class and sector, via a
variety of safer, simpler methods to suit different needs, risk
tolerances, and levels of expertise.
Written by Cliff Wachtel, a 30+ year financial market writer, advisor,
and analyst, The Sensible Guide to Forex offers practical solutions to
the above dilemmas faced by every serious, prudent investor.
newdigital, 2014.02.13 06:31
Spreads Can Cause Margin Calls (based on dailyfx article)
At this point in our trading education, we should be aware of the fact
that FX spreads are variable and can widen to levels several times
larger than their typical spreads. These spread increases are most often
seen during news releases and can affect our positions rapidly. But,
what is the best way to weather the storm during times of widening
How to Truly Protect Ourselves Against Widening Spreads
The only way to protect ourselves during times of widening spreads is to
restrict the amount of leverage used in our account (which in my
opinion, should be less than 10x leverage). Spreads can only hurt us
when a trade is being opened or closed. If we aren’t opening or closing a
trade during a news events, we won’t be affected. Prices will
eventually go back to normal and at some point we will close on our own
The only time the market can force our hand to liquidate our positions
is with a margin call. If we reduce our leverage, we reduce our chances
The “Hedging” Myth
Helping traders around the world means that I have seen many different
methods to trade this market, both good and bad. One of the most
damaging methods I’ve come across is the idea of ‘hedging’ a Forex trade
by opening an opposing trade in the same currency pair and holding both
long and short positions simultaneously. This not only incurs greater
trade cost (by paying additional spread) but does not protect your
position against additional losses.
Hedgers attempt to lock-in their profit or loss on a trade by opening an
opposing trade, but if the spread widens, this negatively affects both
sides of the trade. If the trader is over leveraged on these trades, a
wider spread could incur a margin call and liquidate both positions.
Worst of all, you would most likely be filled at the widened spread
prices, adding insult to injury.
So now we know, hedging is not the proper way to secure a profit or a
loss. Only the closing of a position can do that. Hedging also can be
dangerous around widening spreads and can cause margin calls, so we need
to limit the amount of leverage we are using to 10x or less.
I agree with Ubzen.
Bigger is better.
But sometimes, EAs are working better with lower leverage (they loose less in fact ;)
It's interesting when backtesting just to change leverage to check the difference it makes with percentage risk.