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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.
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
Trade Channel Indicator DCMV
The DCMV Indicator calculates the following Channel characteristics:
Channel Bounds (for TP and SL). It's assumed that price will never go outside the channel.Center Line of the Channel.Settlement price (with probability 90% the price will return to this line).Reference line (used for detection of trend).Upper and Lower breakborder. Used for generation of trade signals: channel breakout (trend strategies), false breakouts (flat strategies).Usage:
The indicator pro
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the market in
The 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
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 indicator determines and marks the short-term lows and highs of the market on the chart according to Larry Williams` book "Long-term secrets to short-term trading".
"Any time there is a daily low with higher lows on both sides of it, that low will be a short-term low. We know this because a study of market action will show that prices descended in the low day, then failed to make a new low, and thus turned up, marking that ultimate low as a short-term point. A short-term market high is just
The indicator is based on readings of two oscillators: Bulls Power and Bears Power. It clearly shows the balance of buyers and sellers power. A signal for entering a deal is crossing the zero line and/or a divergence. When the volume filter is enabled, yellow histogram bar shows low trading volume (below average for 50 previous bars).
Period - calculation period, 13 on default; CalculatedBar - number of bars for displaying a divergence, 300 on default; Filter by volume -
This indicator gives full information about the market state: strength and direction of a trend, volatility and price movement channel. It has two graphical components:
Histogram: the size and the color of a bar show the strength and direction of a trend. Positive values show an ascending trend and negative values - a descending trend. Green bar is for up motion, red one - for down motion, and the yellow one means no trend. Signal line is the value of the histogram (you can enable divergence
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
Pivot Points MT5 is a universal color multicurrency/multisymbol indicator of the Pivot Points levels systems. You can select one of its three versions: Standard Old, Standard New and Fibo. It plots pivot levels for financial instruments in a separate window.
The system will automatically calculate the Pivot Point on the basis of market data for the previous day (PERIOD_D1) and the system of support and resistance levels, three in each.
A user can choose colors for the indicator lines.
MultiRSI indicator is a combined RSI indicator for several currencies allowing users to analyze their group movement.
Like all indicators of that kind, it helps identify the currency that is currently the most deviated from the market's general movement, as well as the most oversold or overbought currency in the cluster analyzed by RSI oscillator.
For example, the screenshots display the cluster of 7 currencies with Euro as a base one: EURUSD, EURGBP, EURCHF, EURAUD, EURCAD, EURJPY and EURNZD.
DCMV Trade Channel Oscillator
The indicator calculates the values of DCMV trade channel oscillator:
Trade channel width. The value of trade channel depends on the trend (it increases at start of the trend and has the maximum values at end of the trend). The value of trade channel decreases at flat movement. The lowest values of channel width indicates the high probability of the very strong price movement.
The +DC line shows the "bulls" power. The -DC line shows the "bears" power. Th
The script creates account summary report in a separate window.
The report can be created for all deals and on deals for selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
The script creates account summary report in a separate window.
The report can be created for all deals and for deals of the selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
The 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
AIIV EURUSD - Active Index Inflection Values EURUSD
The Indicator Shows:
The intensity and the direction of the movement of USD. The intensity and the direction of the movement of EUR. The inflection value of EURUSD.This indicator allows determining a state of inflection on the market with a delay of one-two candlesticks and a 60% precision (precision depends on the chart timeframe - the higher the timeframe, the more precise is the forecast).
AIIV is a series of indicators of inflection
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
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
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 PZ Day Trading indicator detects reversals in a zig-zag fashion, without repainting or backpainting. Based on breakouts of variable lengths, the indicator uses only price action to pick trades and reacts to the market very fast. The positional accuracy of its signals offers huge opportunity for profits, easily up to 80% winners.
Amazingly easy to tradeChart statistics will help you to optimize your tradingIt works on every single timeframe without fine tuningThe indicator analyzes its own q
Who will be interested in this product:
those who are used to diversify the portfolio with a large number of pairs. those who work with a large number of orders those who trade news using pending orders (see the "Grid request" tab).The panel is designed to make managing a large number of orders as easy as managing one.
The currency pairs and order types for opening are formed here. The prices and stop levels are set.
User can define the price valu
This is a classical trading strategy, which falls into the category of breakout systems. They form support and resistance levels, which temporarily limit further price movement. When the price breaks down the support level or breaks up the resistance level, there emerges a strong momentum in the breakout direction, which allows to make profit on strong price movements with moderate risk.
To create the strategy, we used historical data with the quality of history of 99.9%.
It uses filtration o
The indicator is based on the digital window-sinc filter with an excellent frequency division. Due to this property you can get a very smooth indicator line.
The indicator has three lines: the central line indicates the main trend direction and the "fair" price, the other two lines show the price range. When the central line is read, it is recommended to buy from the bottom line and close a position above the central line. When the line is blue, do the opposite - sell from the upper line and cl
This Expert Advisor trades news on any timeframe.
The news are downloaded from the Forex Factory website. Make sure to add the URL to the terminal settings.
The EA is launched on a single chart and defines all necessary pairs for trading on its own.
The robot works with pending orders setting two Buy stop and Sell stop orders before a news release.
It determines the time zones of the calendar and terminal automatically. Make sure to add the time.is URL to the terminal settings.
The EA can b
Energy line is calculated similar to kinetic energy in physics: E = (mv^2)/2. Tick volumes (money stock) are used as mass, while price rate of change (ROC) is used as velocity.
Energy direction (positive or negative) is defined by ROC direction.
Chaikin Volatility (CHV) indicator is additionally used. Since the volatility starts increasing before the price actually moves, CHV notifies of the increased market activity in advance. Calculations result in the energy release, which usually occurs b
Unique "scalping" trend indicator with the feature of multi-layered smoothing of the resulting lines and a wide selection of parameters. It helps determine a probable change in the trend or a correction virtually near the very beginning of the movement. The toggled intersection arrows are fixed and appear at the opening of a new bar, but, with enough experience, it is possible to look for entry opportunities as soon as the indicator lines intersect at the unfinished bar. The signal appearance li
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:
The Trend Strength is now available for the MetaTrader 5.
This indicator determines the strength of a short-term trend using the tick history that is stores during its operation.
The indicator is based on two principles of trend technical analysis:
The current trend is more likely to continue than change its direction. The trend will move in the same direction until it weakens.The indicator works on the M30, H1, H4 and D1 timeframes.
It is easy to work with this indicator both in manu
The indicator generates early signals basing on ADX reading data combined with elements of price patterns.
Works on all symbols and timeframes.
The indicator does not redraw its signals. You see the same things on history and in real time.
For better visual perception signals are displayed as arrows (in order not to overload the chart).
The indicator is a complete analogues of the Trend Monitor indicator for MetaTrader 4
The best results are obtained when the indicator works o
The TrendX is a technical indicator which allows to determine not only the movement direction of the market, but also to identify the flat areas.
It is based on the CCI indicator and a combination of price patterns.
The indicator works on all symbols and timeframes.
Two parameters allow to customize the indicator as needed, PERIOD is the period of CCI and T_Value is the significance of the trend.
Trades About To Happens : A Modern Adaptation Of The Wyckoff Method
While Richard Wyckoff's search to develop a "trained judgment" for
trading began decades ago, his method—which has been modified to account
for changes in market conditions, but remains true to his original
work—continues to draw great interest from traders around the world.
Author David Weis is a trader and market analyst with nearly forty years
of experience in this field. A recognized authority on the trading
methods of Richard Wyckoff, he understands how to utilize the principles
behind Wyckoff's work and make effective trades with them. And now,
with Trades About to Happen, he skillfully reveals how to adapt
Wyckoff's techniques to excel in today's volatile markets.
Engaging and accessible, this reliable resource looks at Wyckoff's
approach from a more modern perspective and shows how you can logically
interpret bar charts and wave charts to find trades about to happen. By
studying the chart examples in this book, you'll gain tremendous insight
into reading what markets are saying about themselves and develop the
ability to locate turning points of different degrees. Page by page,
Weis facilitates your learning by:
Along the way, Weis introduces the adaptations he has made to Wyckoff's
original tape-reading tools—which are better suited for the enormous
volatility of today's stock and futures markets—and can be applied to
intraday and daily price movement.
When it comes to Wyckoff analysis, it's easy to forget that the world of
chart reading is not black or white, but gray. One has to have an open
mind rather than a fixed, pre-conceived ideal. Trades About to Happen
will help you achieve this goal as you discover how to develop the feel
and intuition of a successful trader and become better equipped at
adapting the Wyckoff method to today's dynamic markets.
Cycle Analytics For Traders : John F Ehlers
Cycles are a unique kind of trading analytics, being one of the few
types of market data that can be accurately measured. But understanding
what the cycles mean and which trades to make based on them is an
extremely complex process. Cycle Analytics for Traders is a technical
resource for self-directed traders that explains the scientific
underpinnings of the filters and indicators used to make effective and
profitable trading decisions. Rather than simply using cycle analytics
on blind faith, this book explores and explains the how and why of
Though technical in nature, Cycle Analytics for Traders emphasizes
simplicity rather than mathematical purity, taking a pragmatic
real-world approach to attaining effective trading results. It allows
traders to think of indicators and trading strategies in the frequency
domain as well as their motions in the time domain, letting them select
the most efficient filter lengths for the job at hand. Traders with
little mathematical background will learn how to assess general market
conditions to their advantage while technically astute traders will be
able to create indicators and strategies that automatically adapt to
measured market conditions using the computer code described here.
Additionally, author John Ehlers explains several vital concepts all
traders should understand: how to eliminate or use Spectral Dilation to
their advantage; how to use Automatic Gain Control to normalize
indicator amplitude swings; the fact that all indicators are statistical
rather than absolute; how to use advanced cookbook filters; several
different methods for estimating market spectra and sifting out the
Dominant Cycle; and how to use transforms to improve the display and
interpretation of indicators.
Cycle Analytics for Traders shows traders how to approach trading as a
statistical process that should be judged from the long-term view,
rather than a small sample set of just a few trades—no matter how
profitable those few are. With this practical and informative book as a
guide, any trader can master cycle analytics, letting statistics and
science light the way to long-term trading success.
by Nicolas Darvas and Steve Burns
How did a world-famous dancer with no knowledge of the stock market, or
of finance in general, make 2 million dollars in the stock market in 18
months starting with only $10,000? Darvas is legendary, and with good
reason. In this new edition: How I Made $2,000,000 in the Stock Market:
Now Revised & Updated for the 21st Century Steve Burns uses his
experience to offer explanations as to why the methods are still
reliable. Updating a classic book is a monumental task. The basic
philosophy of the writer cannot be changed. Steve Burns approach this
work with the eye of a master restorer who looks at a classical painting
that is being refurbished. He carefully studied the text to bring
Nicolas Darvas wisdom into the twenty-first century. Steve Burns
illuminate the dramatic changes in the market to show how Nicolas Darvas
principles are more useful now than ever.
The Complete Guide to Day Trading: A Practical Manual From a Professional Day Trading Coach
by Markus Heitkoetter
Do you want to be a day trader? Every day, millions of dollars
change hands in the markets, presenting the perfect opportunity for
people just like you to make significant money and profits through the
art of day trading.
But here's the question: is day trading right for you? And, if it is, how do you get started?
In his new three-part guide, professional day trading coach Markus
Heitkoetter lays out a simple, proven system for trading success. From
the basic essentials of trading to the actual process of making money in
the markets, he'll cover it all.
Theory Of Stochastic Processes : With Applications to Financial Mathematics and Risk Theory
This book is a collection of exercises covering all the main topics in
the modern theory of stochastic processes and its applications,
including finance, actuarial mathematics, queuing theory, and risk
The aim of this book is to provide the reader with the theoretical and
practical material necessary for deeper understanding of the main topics
in the theory of stochastic processes and its related fields.
The book is divided into chapters according to the various topics. Each
chapter contains problems, hints, solutions, as well as a self-contained
theoretical part which gives all the necessary material for solving the
problems. References to the literature are also given.
The exercises have various levels of complexity and vary from simple
ones, useful for students studying basic notions and technique, to very
advanced ones that reveal some important theoretical facts and
This book is one of the largest collections of problems in the theory of
stochastic processes and its applications. The problems in this book
can be useful for undergraduate and graduate students, as well as for
specialists in the theory of stochastic processes.
by Alexander Elder
Trading for a Living Successful trading is based on three M's: Mind,
Method, and Money. Trading for a Living helps you master all of those
MQL5 Cookbook: Developing a Framework for a Trading System Based on the Triple Screen Strategy
Forum on trading, automated trading systems and testing trading strategies
Something Interesting in Financial Video July 2013
newdigital, 2013.07.16 08:14
In order to trade successfully people need a trading plan which is
designed before entering a trade and becoming part of the crowd so they
can fall back on their plan when the emotions which are associated with
being part of a crowd inevitably arise. Successful traders must also
realize that there is a time to run with the crowd and a time to leave
the crowd, a decision which must be made by a well thought out trading
plan designed before entering a trade.
by Thomas R. Demark
From the Foreword by John J. Murphy "DeMark's work as a consultant has
been restricted to large institutions and many of the legendary traders
in the world today. By sharing his creative ideas with us, as well as
his passion for precision and improvement, Tom DeMark's emphasis on the
'new science' of technical analysis helps push the technical frontier
another step forward. With the unprecedented attention now being paid to
technical analysis, this new book couldn't have come at a better time." -John J. Murphy, bestselling author of Technical Analysis of the
Futures Markets and Intermarket Technical Analysis, and technical
analyst for CNBC
"This book is filled with innovative, creative, and
clever new ideas on technical analysis. Tom DeMark has done a wonderful
job of turning subjective techniques into objective strategies and
tactics." - Courtney Smith President and CIO Pinnacle Capital
Management, Inc. "Those who know him and his work call him the
consummate technician--a trading system developer without peer." - Futures magazine "DeMark is the ultimate indicator and systems guy. No
one touches him. I know the Holy Grail of trading systems doesn't exist
because if it did, Tom would have found it by now." - James Bianco
Director of Arbor Trading "Tom DeMark is a genuine leader who has been
behind-the-scenes until now. Publishing DeMark is a coup." - Ralph Vince
author of The Mathematics of Money Management
Quantitative Trading: How to Build Your Own Algorithmic Trading Business (Wiley Trading)
While institutional traders continue to implement quantitative (or
algorithmic) trading, many independent traders have wondered if they can
still challenge powerful industry professionals at their own game? The
answer is "yes," and in Quantitative Trading, Dr. Ernest Chan, a
respected independent trader and consultant, will show you how. Whether
you're an independent "retail" trader looking to start your own
quantitative trading business or an individual who aspires to work as a
quantitative trader at a major financial institution, this practical
guide contains the information you need to succeed.
Use popular chart patterns profitably
In his follow-up to the well-received Encyclopedia of Chart Patterns,
Thomas Bulkowski gives traders a practical game plan to capitalize on
established chart patterns. Written for the novice investor but with
techniques for the professional, Trading Classic Chart Patterns includes
easy-to-use performance tables, vivid case studies, and a scoring
system that makes trading chart patterns simple. This comprehensive
guide skillfully gives investors straightforward solutions to profitably
trading chart patterns. Trading Classic Chart Patterns also serves as a
handy reference guide for favorite chart patterns, including broadening
tops, head-and-shoulders, rectangles, triangles, and double and triple
bottoms. Filled with numerous techniques, strategies, and insights,
Trading Classic Chart Patterns fits perfectly into any pattern trader's
Thomas N. Bulkowski (Keller, TX), an active investor since 1981, is the
author of the highly acclaimed Encyclopedia of Chart Patterns as well as
numerous articles for Technical Analysis of Stocks & Commodities.
Trained as a computer engineer, Bulkowski worked for over a decade at
Tandy Corporation. Prior to that, he worked on the Patriot air defense
system for Raytheon.
New technology and the advent of around the clock trading have opened
the floodgates to both foreign and domestic markets. Traders need the
wisdom of industry veterans and the vision of innovators in today's
volatile financial marketplace. The Wiley Trading series features books
by traders who have survived the market's ever changing temperament and
have prospered-some by reinventing systems, others by getting back to
basics. Whether a novice trader, professional or somewhere in-between,
these books will provide the advice and strategies needed to prosper
today and well into the future.