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
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.
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 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
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
This indicator calculates (Hourly, Daily, Weekly, Monthly) pivot point, support and resistance price with different formulation (Classic, Camarilla, Woodie, DeMark, Floor, Fibonacci) and then adds lines on the chart. Line color and style can be changed with input parameters. And you can choose alert type (Alarm activated when price reach any pivot price).
1. Calculation Method Option (Method = Classic, Camarilla, Woodie, DeMark, Floor, Fibonacci).
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.
Here is the product, which truly reveals all the computing and graphical capabilities of the MetaTrader terminal.
The TrendNavigator indicator helps you take the most effective trading decisions, features stunning accuracy, unlimited graphical capabilities and highly developed notification service.
3D graphics 4 unique trend determining algorithms 5 types of notifications of trend change which appear as Buy and Sell signals Very high accuracy Shows local lows and highs Free notification
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 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
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
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
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
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
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 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
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
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
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 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
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
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
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
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 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.
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.
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
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
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.
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
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 :