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:
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
Main Pivots is an indicator which looks for pivots points on preset intervals (days, weeks, months, years, etc.). Then all extreme points are checked for splice and consistent support and resistance lines are formed. These lines are useful for detecting the best pivot points.
It finds a pair of pivot lines for each interval which correspond to Low (support line) and High (resistance line) of the price movement on the interval. Difference between these lines represemt the price movement for the
If you want something as below:
Sell FOREX trading signal. Manage multiple accounts. Follow the trading from somebody."TradeCopier_follow" and "TradeCopier_source" can help you!
Copying from one source (master) account to multiple follower (slave) accounts. Allow investor (read only) password for the source (master) account. There are no complicated settings and input parameters, everything is easy. Works with different Brokers. Works with different symbols (EURUSD_FX, e
Take a look at the market in a new way! This is the newest trading method worthy of your attention!
Tired of catching the market movements? TTT FXnew is an essential tool for trend followers. This is a unique breakout indicator that automatically plots new trend lines every day forming blue and red triangles using OCHL values of the previous day. A market entry is performed when the price exits the triangles through the dotted line. If the yellow line crosses the red one after opening of the da
The indicator displays divergence for any custom indicator. You only need to specify the indicator name; DeMarker is used by default.
Additionally, you can opt for smoothing of values of the selected indicator and set levels whose crossing will trigger an alert. The custom indicator must be compiled (a file with ex5 extension) and located under MQL5/Indicators of the client terminal or in one of the subdirectories. It uses the zero buffer of the specified indicator with default parameters.
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 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
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
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
Using the width between the Bollinger Bands called BandWidth, this system finds times of low volatility also known as a squeeze. It is called a squeeze because as the bands compress, they tend to expand again into higher volatility and the price can trend along the upper or lower band. This system finds low volatility and enters a new position when the price moves to the upper or lower Bollinger Bands.
The SMA used to create the Bollinger Bands is used as a trailing exit. After the price follow
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!
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 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 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
Averager is intended for averaging your deals that has had a drawdown or had gone against the trend.
An example of operation of the averager in an Exeprt Advisor in the MetaTrader 5 terminal: Exp - TickSniper. The system is identical to the averaging system created for MetaTrader 4. A demo version of the averager for MetaTrader 5: Averager DEMO.Note: this is not an automated trading system (the EA doesn't work in the strategy tester). It monitors your deals and averages them in case o
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
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 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
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
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
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 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 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.
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
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
If you want something as below:
Sell FOREX trading signal. Manage multiple accounts. Follow somebody's trading."TradeCopier_source" and "TradeCopier_follow" can help you!
Copying from one source (master) account to multiple follower (slave) accounts. Allow investor (read only) password for the source (master) account. There are no complicated settings and input parameters, everything is easy. Works with different Brokers. Works with different symbols (EURUSD_FX, eurusd_m
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
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
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.
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.