New article Technical Analysis: How Do We Analyze? is published:
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
Auto Trade Driver is an automatic powerful tool (run as Expert Advisor) that helps you to manage risk and control orders and maximize your profit in multi-protect/trailing-stop rules.
This tool is very useful for both scalpers and trend followers. It not only calculates the trade risk exactly, but also protects and maximizes your profits in real-time.
With this tool, the only thing you have to do is to enter trade by your own strategy, then it will auto-drive your position with exit strategy y
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
Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using.
Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s
The indicator 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
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
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
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
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.
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
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:
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
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
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.
MetaCOT 2 is a set of indicators and specialized utilities for the analysis of the U.S. Commodity Futures Trading Commission reports. Thanks to the reports issued by the Commission, it is possible to analyze the size and direction of the positions of the major market participants, which brings the long-term price prediction accuracy to a new higher-quality level, inaccessible to most traders.
These indicators, related to the fundamental analysis, can also be used as an effective long-term filte
Ichimoku Kinko Hyo is a purpose-built trend trading charting system that has been successfully used in nearly every tradable market. It is unique in many ways, but its primary strength is its use of multiple data points to give the trader a deeper, more comprehensive view into price action. This deeper view, and the fact that Ichimoku is a very visual system, enables the trader to quickly discern and filter "at a glance" the low-probability trading setups from those of higher proba
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
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
The Trade Manager Pro EA is a MetaTrader Expert Advisor that performs position management for you avoiding human errors and enhancing your trading activity.
Amazingly easy to use Trade easily from the chart Trade with precise risk management, hassle free Capital preservation is top priority Let profits run without your attention Enjoy risk-free trades as soon as possible Automatic trailing stops for all opened trades Initial stop losses are placed as soon as trades are
CandleTimer is an indicator that can be usable for scalper and short-term traders. It shows the following useful information:
Remaining and past time of a candle on the current chart or other timeframe Alarm setting for play sound at the start of the current candle Show SL/TP line defining whether the indicator has a Sell or Buy order or both Show a spread value Show Ask and Bid lines in different colors in high and low spread Compatible with a money management EA (you can buy it separat
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
MACD All MAs-14 is a MACD indicator that allows choosing usual parameters of the standard MACD (constructed from EMA) as well as the type of the moving average to be applied: up to 14 different types.
You can select 9 standard MAs available in MetaTrader 5 - SMA, EMA, SMMA, LWMA, DEMA, TEMA, Frama, VIDYA, AMA, TRIX, and 4 non-standard - LRMA, HMA, JMA, AFIRMA.
Method MA - select the type of moving average to be displayed in the current graph. Period slow MA - the number
The indicator displays economic news on the currency chart (the appropriate data must be downloaded from the Internet - please see the download instructions on the screenshots provided). The list of currencies (countries) is customizable. By default it shows all currencies. The main parameters come with a built-in description. In addition, there are parameters for advanced users. News items are divided into 3 categories by degree of importance. There is a great flexibility in display parameter s
The indicator marks supports and resistances of each rebound, also the maximum price and the minimum price of the day.
It has a basis for developing strategies, as well as for a good technical analysis.
It is very easy to detect trends, channels, trend changes, breaks and other events.
It works in any timeframe as in any type of market.
No additional parameters are needed.
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
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
Virtual TrailingStop is an Expert Advisor that manages trailing stop without sending its information to the broker server.
EnableVirtualTrailingStop: enable or disable whole function VirtualTrailingStop: the pip use for determine how far the Virtual Trailing Stop will placed calculated from current price StartFromBreakEven: true/false. If true, Virtual Trailing Stop will placed after breakeven BreakEvenPoint: point profit from order open price where the Virtual T
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
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
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
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2014.02.13 15:46
3 Types of Forex Analysis (based on dailyfx article)
Forex fundamental centers mostly around the currency’s interest rate.
Other fundamental factors are included such as Gross Domestic Product,
inflation, manufacturing, economic growth activity. However, whether
those other fundamental releases are good or bad is of less importance
than how those releases affect that country’s interest rate.
As you review the fundamental releases, keep in mind how it might affect
the future movement of the interest rates. When investors are in a risk
seeking mode, money follows yield and higher rates could mean more
investment. When investors are in a risk adverse mentality, then money
leaves yield for safe haven currencies.
Forex technical analysis involves looking at patterns in price history
to determine the higher probability time and place to enter and exit a
trade. As a result, forex technical analysis is one of the most widely
used types of analysis.
Since FX is one of the largest and most liquid markets, the movements on
a chart from the price action generally gives clues about hidden levels
of supply and demand. Other patterned behavior such as which currencies
are trending the strongest can be obtained by reviewing the price
Other technical studies can be conducted through the use of indicators.
Many traders prefer using indicators because the signals are easy to
read and it makes forex trading simple.
Forex sentiment is another widely popular form of analysis. When you see
sentiment overwhelmingly positioned to one direction that means the
vast majority of traders are already committed to that position.
Since we know there is a large pool of traders who have already BOUGHT,
then these buyers become a future supply of sellers. We know that
because eventually, they are going to want to close out the trade. That
makes the EUR to USD vulnerable to a sharp pull back if these buyers
turn around and sell to close out there trades.
newdigital, 2014.02.15 06:58
Trader Styles and Flavors (based on dailyfx article)
Technical vs. Fundamental
Technical analysis is the art of studying past price behavior and
attempting to anticipate price moves in the future. These are traders
that focus solely on price charts and often times incorporate indicators
and tools to assist them. They look at price action, support and
resistance levels, and chart patterns to create trading strategies that
hopefully will turn a profit.
Fundamental analysis looks at the underlying economic conditions
of each currency. Traders will turn to the Economic Calendar and Central
Bank Announcements. They attempt to predict where price might be headed
based on interest rates, jobless claims, treasury yields and more. This
can be done by looking at patterns in past economic news releases or by
understanding a country’s economic situation.
Short-Term vs. Medium-Term vs. Long-Term
Deciding what time frame we should use is mostly decided by how much
time you have to devote to the market on a day-to-day basis. The more
time you have each day to trade, the smaller the time frame you could
trade, but the choice is ultimately yours.
Short-Term trading generally means placing trades with the intention of closing out the position within the same day, also referred to as
“Day Trading” or “Scalping” if trades are opened and closed very
rapidly. Due to the speed at which trades are opened and closed,
short-term traders use small time-frame charts (Hourly, 30min, 15min,
Medium-Term trades or “Swing Trades” typically are left open for a
few hours up to a few days. Common time frames used for this type of
trading are Daily, 4-hour and hourly charts.
Long-Term trading involves keeping trades open for days, weeks,
months and possibly years. Weekly and Daily charts are popular choices
for long term traders. If you are a part-time trader, it might be
suitable to begin by trading long term trades that require less of your
Discretionary vs. Automated
Discretionary trading means a trader is opening and closing
trades by using their own discretion. They can use any of the trading
styles listed above to create a strategy and then implement that
strategy by placing each individual trade.
The first challenge is creating a winning strategy to follow, but the
second (and possibly more difficult) challenge is diligently following
the strategy through thick and thin. The psychology of trading can wreak
havoc on an otherwise profitable strategy if you break your own rules
during crunch time.
Automated trading or algorithmic trading requires the same time
and dedication to create a trading strategy as a discretionary trader,
but then the trader automates the actual trading process. In other
words, computer software opens and closes the trades on its own without
needing the trader’s assistance. This has three main benefits. First, it
saves the trader quite a bit of time since they no longer have to
monitor the market as closely to input trades. Second, it takes the
emotions out of trading by letting a computer open and close trades on
your behalf. This means you are following your strategy to the letter
and are not able to deviate. And third, automated strategies can trade
24 hours a day, 5 days a week giving your account the ability to take
advantage of any opportunity that comes its way no matter the time of
Learning to Read Forex Charts
Technical analysis is considered one of
the easiest ways to analyze the foreign exchange market. It involves the
analysis of charts and graphs to ascertain future currency price
movements, and differs massively from fundamental analysis in that it
does not require the analysis of forex news, reports or other economic
releases to establish future price movements.
Becoming a Technical Analyst
The first step in becoming a successful
technical analyst is to learn how to read forex charts. Outlined below
are some simple steps that every trader should take when first starting
out with technical analysis:
When analyzing a currency pair you will
need to look out for a prevailing trend. Start off with charts that
provide long-term data (for example days, weeks and months) and go back
over the course of a number of years. Such charts contain an exhaustive
amount of data, thus providing a much clearer picture of exactly what
the currency pair is doing than if using short-term charts (5 minutes,
15 minutes, 30 minutes or one hour). This extra data also makes the
technical indicators much more steadfast and reliable.
How to Identify a Trend
To identify a trend simply look at the
graph presented before you and decide whether it is rising more than it
is falling, or vice versa. Trends can be shallow or sharp, weeks short
or years long. Practice identifying trends and locating the moment where
the trends change direction.
Even if you are a short-term scalper or
day trader who wishes to place a trade for no longer than an hour, it is
still important to identify trends. Identifying a trend is one of the
best steps a trader can take in executing more accurate, profitable
Upon identifying a trend in a long-term
chart you will then be able to compare that trend with the one that you
have found in the short-term charts. Within the path set by the
prevailing trend you will discover that there are a variety of
short-term and intermediate-term trends. Overall the pattern on the
graph will follow a particular path as set by the longest-term trend.
Identifying Support and Resistance Levels
After this point you will then need to
locate the support and resistance levels. In technical analysis these
are regarded as the ‘floor’ and ‘ceiling’ points on a graph and are key
locations on a chart where the price continually refuses to break
through. The price will reach a peak or a valley, after which point it
will not go any further, but will instead alter its direction. The more
frequently this occurs, the stronger the support and resistance levels
Draw a straight line as you pass through
most of the support points. Draw another line as you pass through most
of the resistance points. This provides you with a lucid picture of the
price channel, or the path that the currency pair’s trend is following.
This is a highly powerful yet incredibly simply tool for determining a
currency’s future pathway.
What is a Range- Bound?
In the event that ‘range bound’ occurs,
this simply means that the support and resistance levels are so strong
that the graph’s movements appear to ‘bounce’ in a sideways pattern.
Nevertheless this generally occurs 80% of the time and many traders
prefer to trade within the channels.
Breaking out of a Price Channel
In the event that a currency pair
becomes released from a price channel, in some instances it falls back
into the channel, and in others it gains momentum and continues to move.
The latter movement is better known as a ‘momentum market’, and is an
alternative way to trade the range: by setting an entry order for the
price to break out, either below or above the channel.