D1 price is inside Ichimoku cloud/kumo ranging between the border of the cloud - Sinkou Span A and Sinkou Span B after reversal from bullish to primary bearish in the end of March this year. Chinkou Span line of Ichimoku indicator came to be very close to historical price trying to cross is from below to above for good breakout.
The same situation is for H4 timeframe : Chinkou Span line is very near to be crossed the price for breakout, and the price is crossing 1.0983 resistance level on open bar.
not so the ranging market condition will be continuing.
UPCOMING EVENTS (high/medium impacted news events which may be affected on USDCAD price movement for this coming week)
2014-04-14 12:30 GMT (or 14:30 MQ MT5 time) | [USD - Retail Sales]
2014-04-15 12:30 GMT (or 14:30 MQ MT5 time) | [USD - CPI]
2014-04-15 12:30 GMT (or 14:30 MQ MT5 time) | [CAD - Manufacturing Sales]
2014-04-15 12:45 GMT (or 14:45 MQ MT5 time) | [USD - Fed Chair Yellen Speech]
2014-04-15 13:00 GMT (or 15:00 MQ MT5 time) | [USD - TIC Long-Term Purchases]
2014-04-16 02:00 GMT (or 04:00 MQ MT5 time) | [CNY - GDP]
2014-04-16 02:00 GMT (or 04:00 MQ MT5 time) | [CNY - Industrial Production]
2014-04-16 02:00 GMT (or 04:00 MQ MT5 time) | [CNY - Retail Sales]
2014-04-16 12:30 GMT (or 14:30 MQ MT5 time) | [USD - Building Permits]
2014-04-16 12:30 GMT (or 14:30 MQ MT5 time) | [CAD - International Transactions in Securities]
2014-04-16 14:00 GMT (or 16:00 MQ MT5 time) | [CAD - BOC Interest Rate]
2014-04-16 16:15 GMT (or 18:15 MQ MT5 time) | [USD - Fed Chair Yellen Speech]
2014-04-17 12:30 GMT (or 14:30 MQ MT5 time) | [CAD - CPI]
2014-04-17 14:00 GMT (or 16:00 MQ MT5 time) | [USD - Philly Fed Manufacturing Index]
Please note : some US (and CNY) high/medium impacted news events (incl speeches) are also affected on USDCAD price movement
SUMMARY : bullish
TREND : bullish
Find double top and double bottom reversal chart patterns easily with this indicator.
Easy to use Customizable colors and sizes It implements breakout signals It implements alerts of all kinds
Indicator Settings - The amplitude represents the size of the patterns to be found. The max. history bars parameter is the amount of bars in the chart to look back.
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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).
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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
Three variables are available for every strategy, any one of them can be disabled, their period can be changed.
type_order=ORDER_FILLING _FOK - order filling type.
ReverseTrade=false — trades opens in reverse direction if true. ExitOnBar=true — trades close on each bar only. spreadcover=false — Spread you pay includes in profit trades. It's like trade with zero spread but you should remember that it can decrease exact match between tester's result and live one. It
The main purpose of the indicator is to draw the wave marking on the basis of maximum and minimum levels that has been reached on greater, average and smaller period. It starts to draw the point of a possible wave end if the price passes the deviation distance specified in the settings; the point is considered to be formed if the last closed candlestick hasn't made a new exteremum comparing to the previous candlestick. The fact of displaying a digit of a period itself is not a signal. You need t
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.
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.
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Chart Overlay indicator displays the price action of several instruments on the same chart allowing you to evaluate how differently currency pairs fluctuate relative to each other.
Find overbought or oversold currency pairs easily Plot up to 6 currency pairs overlayed on the same chart Display inverted symbols -if you want to- Adapts to chart size, zoom and timeframe Symbols can be plotted as bars or line charts The size of the overlay chart is customizable Automatic price
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
FX Power is the first real time currency strength meter with a real time histogram.
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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
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 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
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
Another breakthrough. Using the legendary BBSO range trading module the no 1 ROBOT AND THE AMAZING SPEED OF METATRADER 5, this scalper generates a lot of quick trades in and out using the strongest point of BBSO the ENTRY.
Self-optimizes in seconds ANY Pair on any timeframe (always check with Olivier Nomblot for current settings and pairs).
No special CPU needs or fast internet connections or set files or strategies or complicated parameters. Adapts to your broker... just drag on your screen.
This is a half scalping system that analyzes the market using a transmission function. The system can be scalping or not depending on the "takeprofit" and "stoploss" parameters.
This Expert Advisor is intended for trading on EURUSD, however it can work on other currency pairs. You should use timeframe M1 for trading.
You should optimize only two parameters: Seconds_to_move and TradePrice. It is sufficient to optimize Bobra Adept only once, for example, for a half year period. After that, Bobra
Displays divergence for any custom indicator. You just need to specify the name of an indicator name; on default it uses CCI.
In addition you can set smoothing for the selected indicator as well as levels. If one of these levels is crossed, you'll receive a notification. The custom indicator must be compiled (a file with extension EX5) and it must be located in MQL5/Indicators directory of the client terminal or in one of its subdirectories. It uses zero bar of the selected indicator with defau
The indicator shows the relative "strength explosion" of a selected currency. An additional "limiting" channel is used for filtering the indicator values.
VolatilityPeriod - period to analyze currency volatility, MainPrice - price used for calculation main values of the indicator, FastPeriod - fast period for calculation, FastMethod - method of smoothing of the fast line, SlowPeriod - slow period for calculation, SlowMethod - method of smoothing of the slow line, SmoothingPeriod - resul
This unique indicator detects reversal signals using price action and volume algorithm. It has also the ability to predict reversal power using the probability of past price movement and past volume analyzed.
To achieve more accurate trading, please use this tool in addition or support to the system you are using. This tool will perform better if combined with the right strategy.
To further boost the efficiency of this tool, you can combine this with FxGlow Zone Barr
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.
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The indicator automatically plots and tracks buy and sell Fibo levels at any symbol and timeframe.
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Fibo levels of the probable upward or downward price movements.entry points are shown using "up arrow", "down arrow" icons. The data is doubled on SELL and BUY buttons.rectangle area limited by levels 0-100. Trading is performed from one level to another (no trend).Features
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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.
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The product combines a manual trade panel with the ability to perform actions automatically in a highly configurable way. Actions include capturing indicator values and then based on those values raising alerts, open/close or partially close trades, scale-in, setting up pending orders, adjusting stop loss, take profit and more. On-chart controls can be configured, such as tick boxes and buttons, so can be fully interactive. The EA also handles money management, news events, hidden stop loss, tak
This 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.
Purpose and functions of the indicator
The indicator determines and marks the moments of trend change on a chart based on the theory of fractal levels breakdown on any time frames. If a breakdown based on all rules is real, the horizontal lines will appear on the chart with corresponding color. If there is an up trend, the line will be blue. In the descending trend the line will be red. The blue line is a strong support level, the trader should look for buying opportunities above this line. The
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
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
Addition to the standard Relative Strength Index (RSI) indicator, which allows to configure various notifications about the events related with the indicator. For those who don't know what this indicator is useful for, read here. This version is for MetaTrader 5, MetaTrader 4 version - here.
Currently implemented events:
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Trading Sessions Pro is a trading session indicator with extended settings + the ability to install and display the custom period.
Download the demo version to try the indicator's functionality.
The indicator allows you to conveniently manage display of trading sessions on the chart. There is no need to enter the settings each time. Just click the necessary trading session in the lower window and it is highlighted by the rectangle on the chart! The indicator has two modes o
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
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2014.04.12 18:27
newdigital, 2014.04.12 18:44
It is not until we break down below this hammer that we would consider
selling, but at the end of the day we believe that the support comes
back into play at the 1.07 level, which extends all the way down to the
1.06 handle. With that, we would only be short-term bearish, and then
start looking for the supportive candle in order to go higher as we
would still be in an uptrend at that point as well. One thing to keep in
mind though, you can draw an uptrend line that would touch the bottom
of this hammer.
newdigital, 2014.04.14 15:26
if actual > forecast = good for currency (for USD in our case)
U.S. Retail Sales Jump 1.1% In March Amid Improved Weather
With Americans heading back to the stores after the unusually rough
winter, the Commerce Department released a report on Monday showing that
U.S. retail sales rose by more than expected in the month of March.
report showed that retail sales jumped by 1.1 percent in March after
climbing by an upwardly revised 0.7 percent in February.
had expected sales to increase by about 0.9 percent compared to the 0.3
percent increase originally reported for the previous month.
Boockvar, managing director at the Lindsey Group, said, "Retail sales
in March showed a nice bounce back after the weather influenced previous
The stronger than expected retail sales growth was
partly due to a notable increase in sales by motor vehicle and parts
dealers, which surged up by 3.1 percent in March after climbing by 2.5
percent in February.
Excluding the increase in auto sales, retail
sales still rose by 0.7 percent in March compared to economist estimates
for an increase of 0.5 percent.
The report also showed a
significant rebound in sales by building materials and supplies dealers,
which rose by 1.8 percent in March after falling by 0.6 percent in
merchandise stores and non-store retailers also saw strong sales
growth, with sales rising by 1.9 percent and 1.7 percent, respectively.
the other hand, the report said sales at electronic and appliance
stores dropped by 1.6 percent. Sales at gas stations also fell by 1.3
Core retail sales, which exclude autos, gasoline, and
building materials, increased by 0.8 percent in March compared to
economist estimates for 0.5 percent growth.
"Bottom line, consumers clearly responded to the winter thaw and the sales gains m/o/m were pretty broad based," Boockvar said.
the upside to the core portion of the data, Q1 GDP estimates should go
up by about .1-.2 but still may print below 2%," he added. "The
sustainability of the sales gains, as opposed to just a onetime weather
rebound, will now be the focus."
MetaTrader Trading Platform Screenshots
USDCAD, M5, 2014.04.14
MetaQuotes Software Corp., MetaTrader 5, Demo
USDCAD M5 : 22 pips price movement by USD - Retail Sales news event
newdigital, 2014.04.14 20:22
USD/CAD rebounds off key support (based on dailyfx article)
newdigital, 2014.04.15 08:01
2014-04-14 14:00 GMT (or 16:00 MQ MT5 time) | [USD - Business Inventories]
if actual < forecast = good for currency (for USD in our case)
U.S. Business Inventories Rise 0.4% In February, Less Than Expected
Business inventories in the U.S. rose by less than expected in the
month of February, according to a report released by the Commerce
Department on Monday, although the report also showed a notable rebound
in business sales during the month.
report showed that business inventories rose by 0.4 percent in
February, matching the increase seen in January. Economists had expected
inventories to increase by about 0.6 percent.
The increase in
business inventories was partly due to higher inventories at
manufacturers, which rose by 0.7 percent in February after edging up by
0.2 percent in January.
Inventories at merchant wholesalers also
increased by 0.5 percent in February after climbing by 0.8 percent in
the previous month.
On the other hand, the report said inventories
at retailers came in unchanged in February after rising by 0.3 percent
Meanwhile, the Commerce Department also said business
sales increased by 0.8 percent in February after tumbling by 1.1 percent
in the previous month.
Sales by manufacturers rose by 0.9 percent
in February after falling by 0.7 percent in January, while sales by
both retailers and merchant wholesalers increased by 0.7 percent.
inventories and sales both rising, the total business inventories/sales
ratio was unchanged from the previous month at 1.31. The ratio came in
at 1.28 in the same month a year ago.
USDCAD, M5, 2014.04.15
USDCAD M5 : 20 pips price movement by USD - Business Inventories news event
newdigital, 2014.04.15 15:06
if actual > forecast = good for currency (for CAD in our case)
USDCAD M5 : 25 pips range price movement by CAD - Manufacturing Sales news event :
newdigital, 2014.04.16 08:39
if actual > forecast = good for currency (for CNY in our case)
China Q1 GDP +7.4% On Year
China's gross domestic product expanded 7.4 percent on year in the first quarter of 2014, the government said on Wednesday.
That topped expectations for 7.3 percent following the 7.7 percent gain in the previous three months.
a seasonally adjusted quarterly basis, GDP added 1.4 percent - shy of
expectations for 1.5 percent and slowing from 1.8 percent in the three
The government also revealed that industrial
production gained 8.8 percent on year in March - missing forecasts for
9.0 percent but up from 8.6 percent in February.
Retail sales climbed 12.2 percent, beating expectations for 12.1 percent and up from 11.8 percent in the previous month.
investment climbed an annual 17.6 percent - missing forecasts for 18.0
percent and down from 17.9 percent a month earlier.
USDCAD, M5, 2014.04.16
USDCAD M5 : 10 pips rabge price movement by CNY - GDP news event
newdigital, 2014.04.16 14:42
USDCAD M5 : 14 pips price movement by CAD - International Transactions in Securities news event
newdigital, 2014.04.16 16:41
Bank of Canada interest rate statement
The Bank of Canada today announced that it is maintaining its target
for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1
1/4 per cent and the deposit rate is 3/4 per cent.
Inflation in Canada remains low. Core inflation is expected to stay
well below 2 per cent this year due to the effects of economic slack and
heightened retail competition, and these effects will persist until
early 2016. However, higher consumer energy prices and the lower
Canadian dollar will exert temporary upward pressure on total CPI
inflation, pushing it closer to the 2 per cent target in the coming
quarters. We expect total CPI inflation will remain close to target
throughout the projection, even as upward pressure from energy prices
dissipates, because the impact of retail competition will gradually fade
and excess capacity will be absorbed.
The global economic expansion is expected to strengthen over the next
three years as headwinds that have been restraining activity dissipate.
The economic recovery in the United States appears to be on track,
despite soft readings in the last few months largely due to unusual
weather. Indeed, private demand could turn out to be stronger than
anticipated. Europe’s economy is growing modestly, but inflation remains
too low and the nascent recovery could be undermined by risks emanating
from the Russia-Ukraine situation. In China and other emerging-market
economies growth is expected to be solid, although there are growing
concerns about financial vulnerabilities. Overall, global growth is
expected to pick up to 3.3 per cent in 2014 and increase further to 3.7
per cent in 2015 and 2016 – largely unchanged from the January Monetary Policy Report (MPR).
The Bank continues to expect Canada’s real GDP growth to average
about 2 1/2 per cent in 2014 and 2015 before easing to around the 2 per
cent growth rate of the economy’s potential in 2016. Competitiveness
challenges continue to weigh on Canadian exporters’ ability to benefit
from stronger growth abroad. However, a range of export subsectors have
been growing in line with fundamentals, which suggests that as the U.S.
recovery gathers momentum and becomes more broadly-based, many of our
exports will benefit. The lower Canadian dollar should provide
additional support. We continue to believe that rising global demand for
Canadian goods and services, combined with the assumed high level of
oil prices, will stimulate business investment in Canada and shift the
economy to a more sustainable growth track.
Recent developments are in line with the Bank’s expectation of a soft
landing in the housing market and stabilizing debt-to-income ratios for
households. Still, household imbalances remain elevated and would pose a
significant risk should economic conditions deteriorate.
In sum, the Bank continues to see a gradual strengthening in the
fundamental drivers of growth and inflation in Canada. This view hinges
critically on the projected upturn in exports and investment. With
underlying inflation expected to remain below target for some time, the
downside risks to inflation remain important. At the same time, the
risks associated with household imbalances remain elevated. The Bank
judges that the balance of these risks remains within the zone for which
the current stance of monetary policy is appropriate and therefore has
decided to maintain the target for the overnight rate at 1 per cent. The
timing and direction of the next change to the policy rate will depend
on how new information influences the balance of risks.
USDCAD M5 : 57 pips range price movement by CAD - BOC Interest Rate price movement :
newdigital, 2014.04.17 10:47
Trading the News: Canada Consumer Price Index (based on dailyfx article)
A rebound in Canada’s Consumer Price Index (CPI) may spur a near-term
pullback in the USD/CAD as it dampens bets of seeing the Bank of Canada
(BoC) further embark on its easing cycle.
What’s Expected:Event Important:
Heightening price pressures may keep the BoC on the sidelines as it
limits the threat for deflation, and Governor Stephen Poloz may endorse a
more neutral tone for monetary policy as the central bank head sees a
‘soft landing’ in the Canadian economy.
Rising input costs paired with the pickup in private sector consumption
may encourage Canadian firms to boost consumer prices, and a marked
uptick in the CPI may spur a near-term pullback in the USD/CAD as it
limits the threat for deflation.
However, the headline reading for inflation may continue to undershoot
amid the slowing housing market along with the downturn in business
sentiment, and a weaker-than-expected CPI print may heighten the bearish
sentiment surrounding the Canadian dollar as it puts increased pressure
on the BoC to further embark on its easing cycle.
How To Trade This Event Risk
Bullish CAD Trade: Price Growth Climbs 1.4% or Greater
USDCAD M5 : 55 pips price movement by CAD - CPI news event :