D1 price is on primary bearish with flat for ranging between 1.3432 resistance and 1.3332 support levels.
is located within Ichimoku cloud below Sinkou Span A line which is indicating the secondary ranging within primary bearish market condition.
H4 price may be on breakout: Chinkou Span line of Ichimoku indicator is crossing the price from below to above, and the price is located above Ichimoku cloud for bullish.
D1 price will break 1.3432 resistance level on close bar so we may see the rally within the bearish (good to open buy trade for counter trend traders).If not - the bearish market condition will be continuing with possble secondary ranging.
UPCOMING EVENTS (high/medium impacted news events which may be affected on EURUSD price movement for this coming week)
2014-08-18 09:00 GMT (or 11:00 MQ MT5 time) | [EUR - Trade Balance]
2014-08-18 10:00 GMT (or 12:00 MQ MT5 time) | [EUR - German Buba Monthly Report]
2014-08-19 08:00 GMT (or 10:00 MQ MT5 time) | [EUR - Current Account]
2014-08-19 12:30 GMT (or 14:30 MQ MT5 time) | [USD - Building Permits]
2014-08-19 12:30 GMT (or 14:30 MQ MT5 time) | [USD - CPI]
2014-08-20 18:00 GMT (or 20:00 MQ MT5 time) | [USD - FOMC Meeting Minutes]
2014-08-21 01:45 GMT (or 03:45 MQ MT5 time) | [CNY - HSBC Manufacturing PMI]
2014-08-21 07:00 GMT (or 09:00 MQ MT5 time) | [EUR - French Manufacturing PMI]
2014-08-21 07:30 GMT (or 09:30 MQ MT5 time) | [EUR - German Manufacturing PMI]
2014-08-21 08:00 GMT (or 10:00 MQ MT5 time) | [EUR - Manufacturing PMI]
2014-08-21 12:30 GMT (or 14:30 MQ MT5 time) | [USD - Unemployment Claims]
2014-08-21 14:00 GMT (or 16:00 MQ MT5 time) | [USD - Existing Home Sales]
2014-08-21 14:00 GMT (or 16:00 MQ MT5 time) | [USD - Philly Fed Manufacturing Index]
2014-08-22 14:00 GMT (or 16:00 MQ MT5 time) | [USD - Fed Chair Yellen Speech]
2014-08-22 18:30 GMT (or 20:30 MQ MT5 time) | [EUR - ECB President Draghi Speech]
Please note : some US (and CNY) high/medium impacted news events (incl speeches) are also affected on EURUSD price movement
SUMMARY : bearish
TREND : ranging
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 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
DeltaVolumeDistribution indicator can be considered as the fusion of the DeltaVolume and TradeSizeDistribution indicators.
This indicator, inspired by the MarketDelta-family charts, computes the net difference between trades occurring at bid and at ask, while trades occurring between bid and ask quotes are not computed. The indicator plots the resulting DeltaVolume as a unique distribution plot.
With the DeltaVolumeDistribution indicator you will actually be able to see the order flow entering
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.
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
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
The Heiken Ashi indicator drawn using a tick chart. It draws synthetic candlesticks that contain a definite number of ticks.
option prices - price option. It can be Bid, Ask or (Ask+Bid)/2. the number of ticks to identify Bar - number of ticks that form candlesticks. price levels count - number of displayed price levels (no levels are displayed if set to 0 or a lower value). calculated bar - number of bars on the chart.Buffer indexes: 0 - OPEN, 1 - HIGH, 2 - LOW, 3 - CLOSE.
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
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 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 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
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 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
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
The indicator displays the current market information about the recent trades (their direction and volume).
BackColor - general background color of the indicator; AboveAskBackColor - background color of the line with information about the last trade in case it was performed at the price above Ask; AboveAskFontColor - color of the text entered in the line with information about the last trade in case it was performed at the price above Ask; AtAskBackColor - background color of the
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
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
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
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
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
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
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
Auto Trade Copier is designed to copy trades between multi MetaTrader 5 accounts/terminals with 100% accuracy.
With this tool, you can act as either a provider (source) or a receiver (destination). All trading actions will be copied from the provider to the receiver with no delay.
Note: Demo version for testing can be downloaded at: https://www.mql5.com/en/market/product/5006.
Followings are highlight features:
Switch between Provider or Receiver role within one tool.One provider can copy tr
The 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 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.
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
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2014.08.17 12:46
newdigital, 2014.08.18 06:09
EURUSD Technical Analysis: Holding Short in Consolidation (based on dailyfx article)
The Euro may be preparing for a rebound against the US Dollar having declined as expected
after showing a bearish Evening Star candlestick pattern. The
appearance of a Hammer candle coupled with positive RSI divergence now
argues for an on-coming correction. Near-term resistance is at 1.3419,
the 23.6% Fibonacci retracement, with a daily close above that exposing
the intersection of the 38.2% level and a falling channel top at 1.3472.
Alternatively, a reversal below the 23.6% Fib expansion at 1.3345
clears the way for a challenge of the 38.2% threshold at 1.3291.
newdigital, 2014.08.18 12:39
if actual > forecast = good for currency (for EUR in our case)
[EUR - Trade Balance] = Difference in value between imported and exported goods and services during the reported month.
Eurozone's trade surplus increased unexpectedly in June, data showed Monday.
trade surplus rose to EUR 16.8 billion in June from EUR 15.4 billion in
May, Eurostat reported. Economists had expected the trade surplus to
decrease to EUR 15.1 billion.
Exports increased 3 percent year-over-year and imports grew 2 percent in June.
On a seasonally adjusted basis, the trade surplus fell to EUR 13.8 billion in June from EUR 15.2 billion in May.
MetaTrader Trading Platform Screenshots
EURUSD, M5, 2014.08.18
MetaQuotes Software Corp., MetaTrader 5, Demo
EURUSD M5 : 10 pips price movement by EUR - Trade Balance news event
newdigital, 2014.08.19 15:58
[USD - CPI] = Change in the price of goods and services purchased by consumers.
Consumer prices saw only a modest increase in the month of July,
according to a report released by the Labor Department on Tuesday, with
higher prices for shelter and food offset by decreases in prices for
energy and airline fares.
The Labor Department said its consumer
price index ticked up by 0.1 percent in July after rising by 0.3 percent
in June. The modest increase by the index matched economist estimates.
uptick in consumer prices was partly due to higher food prices, which
climbed by 0.4 percent in July after inching up by 0.1 percent in June.
other food at home index increased by 0.7 percent, its largest increase
since August of 2011, while the index for non-alcoholic beverages rose
by 0.5 percent.
Meanwhile, the report showed that the energy index
pulled back by 0.3 percent in July after surging up by 1.6 percent in
the previous month.
EURUSD, M5, 2014.08.19
EURUSD M5 : 36 pips price movement by USD - CPI news event
newdigital, 2014.08.17 14:40
EURUSD Technical Analysis forecast for the week of August 18, 2014 (based on fxempire article)
The EUR/USD pair initially fell during the course of the week, but for
the third week in a row found support below, and ended up forming a
hammer. Because of that, we believe that the Euro is about to get a
bounce, not only because of this chart, but because of some other EUR
related charts. With that, we think that we are heading to the 1.35
handle first, and then will have to make more significant decisions at
that level. In the meantime, we would not be interested in selling this
market until we get below the 1.33 level.
newdigital, 2014.08.20 06:26
Strategy Video: EURUSD Breaks Support to Extend Fundamental, Technical Trend
EURUSD has cleared support and
further progressed a four-month reversal into a fully developed bear
trend. However, does this most recent push promise momentum? The medium
and long-term fundamental and technical picture paint a very appealing
view. The turn off resistance from a decade-long wedge pattern has
aligned itself to a larger change in underlying fundamentals: through
growth, rate speculation and perhaps eventually risk trends and capital
flows. The opportunity is significant, but the market's momentum behind
the theme is still lacking. What should we look for in an active trade?
How quickly should we expect a setup to play out under these
circumstances? We focus on the EURUSD in today's Strategy Video.
newdigital, 2014.08.20 18:06
newdigital, 2014.08.20 21:03
EURUSD touched multi-month low (based on dailyfx article)
newdigital, 2014.08.21 10:18
[EUR - German Manufacturing PMI] = Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. It's a leading indicator of economic health - businesses react quickly
to market conditions, and their purchasing managers hold perhaps the
most current and relevant insight into the company's view of the economy
German Private Sector Growth Slows In August
Germany's private sector growth slowed in August as contraction in
manufacturing deepened further, flash data from Markit Economics showed
The composite output index dropped to 54.9 in August
from 55.7 in July. The current sequence of continuous activity growth
now stretches to 16 months.
The service sector remained the
driving force behind the overall expansion in August. Although the
services Purchasing Managers' Index fell to 56.4 from 56.7 in July, it
remained above the expected score of 55.5.
manufacturing PMI dropped to 52 in August from 52.4 a month ago. The
index was expected to fall more sharply to 51.5.
"The PMI data
available for the third quarter so far point to a swift recovery in GDP
from the ground lost during the second quarter," Oliver Kolodseike, an
economist at Markit, said.
EURUSD, M5, 2014.08.21
EURUSD M5 : 19 pips price movement by EUR - German Manufacturing PMI news event