This is the thread about books related for stocks, forex, financial
market and economics. Please make a post about books with possible cover
image, short description and official link to buy (amazon for example).
Posts with links to unofficial resellers will be deleted
August is this thread
Informer for VPS - report on the state of your account via e-mail. Useful for controlling your Expert Advisors that run on a VPS or a dedicated computer. Information about open positions and last deals for a day, week, month or year grouped by currency pairs.
Adjustable periodicity of reports and depth of deals included in the report. A possibility to add own comment to each report. You will receive reports on e-mail with specified periodicity: from 15 minutes to once a day. The reports are se
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
Percent Crosshair is a powerful and easy percentage measure tool.
Measure the chart percentage very quick! Don't waste your time anymore!
Just attach the Percent Crosshair indicator in the chart, select crosshair mode at toolbars or press "Ctrl+F" and start using the crosshair as you always do! The percent measure will be next to the indicative price.
Customize your indicator the way you want!
There are 4 entry parameters:
Positive % color: set the desired color when % is positive. Negat
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
Trading Chaos Expert Lite is a light version of Trading Chaos Expert. In the Lite version it is not possible to receive the table of trading signals, automatically place pending orders based on them and maintain open positions for multiple symbols at the same time in one window. Only the Current Chart mode is available. In all other features the panel is fully consistent with the basic version of the Expert Advisor.
This is, rather, a well thought out trader's assistant which is not easy to do
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 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
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
This is an extended version of Heiken Ashi indicator with the ability to average (smooth) the values for the specified period of bars and select the applied price: considering "Open price" or not. The description is provided in the parameters. Three screenshots are displayed below: standard version (1 bar), 3 bars and 5 bars.
МetaTrader 4 version: https://www.mql5.com/en/market/product/7326
The trade strategy is based on three moving averages. To determine the trend, it uses three exponentially smoothed moving averages: FastEMA, MediumEMA and SlowEMA.
Buy signal: FastEMA>MediumEMA>SlowEMA (upward trend).Sell signal: FastEMA<MediumEMA<SlowEMA (downward trend).Input parameters:
Inp_Signal_ThreeEMA_FastPeriod = 8;Inp_Signal_ThreeEMA_MediumPeriod = 38;Inp_Signal_ThreeEMA_SlowPeriod = 48;Inp_Signal_ThreeEMA_StopLoss = 400;Inp_Signal_ThreeEMA_TakeProfit = 900;Inp_Money
This is a panel for controlling the profit/loss in dollars, pips or % of balance. A new function for trailing profits has been implemented.
The panel can be used as a virtual Stop Loss or Take Profit.
It also features the emergency button - CLOSE ALL.
You can also try the full version of the VirtualTradePad for mt5 panel, as well as the Profit or Loss for mt4 panel
Other versions in this collection:
VirtualTradePad for mt5 Digit Market Time Pad Market Time Pad Scalper PadMain f
The indicator calculates the quantum frequencies using the current market data. The quantum frequencies are used in Spectrum analysis of automated trading systems to create quantum filters for selecting signals, i.e. skipping trades that are likely to be unprofitable.
How It Works
It analyses the trade results of automated trading system for each frequency (512 frequencies are used). Calculation of the frequency response to search for "profitable" and "unprofitable" f
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
Times & Sales is a famous (and old!) trading tool. However, it is not present in MetaTrader 5 as a built-in tool.
DeltaTrader now presents this indicator for MetaTrader! It has the following characteristics:
Two flag modes: FOREX and EXCHANGE
FOREX: black color: last price = 1-Minute opening price / blue color: last price < 1-Minute opening price / green color: last price > 1-Minute opening price. EXCHANGE: black color: last price = between quotes / blue color: last price = bid price / gre
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 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
The indicator plots horizontal support and resistance levels using grouping of extrema. The levels are displayed as lines whose color depends on how many times the level was a support or resistance line over the specified interval. You can also display counters for support, resistance and age of the level in text format. The age of the level indicates how many bars back the level had the most recent impact on the price (on the chart time frame as specified in the settings). Given the age of the
IShift Lite is a lite version of IShift, and it doesn't include the tick chart.
IShift Lite allows:
perform trade operations directly from the depth of market with a "single touch"; automatically place Stop Loss and Take Profit; move position to breakeven; move Stop Loss along the price; automatically calculate the volume of an order depending on a fixed risk level or a fixed margin level.The program includes a visual help system.
Note: the demonstration version downloaded via the "Demo
The Expert Advisor uses the strategy of trading the Fibonacci levels. As the basis for placing a grid, the EA uses the ZigZag indicator (included in the standard MetaTrader delivery).
First, the EA determines the trend direction. To do that, according to the Dow theory, it uses the last two Highs and last two Lows of the ZigZag.
If the last High is higher than the previous and the last Low is higher than the previous, the EA considers the trend to be ascending. If the last High is lower
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
This product is similar to Tick volume analizer Expert Advisor, however it is implemented as an indicator. Release of this product is stipulated by the fact, that it is not possible to run two EAs in the same window.
Tick volume is equal to amount of ticks at the unit of time. There is direct correlation between tick volume and real amount of deals. Every change of the price is a result of a real request to perform a deal. Consequently, fewer requests we have, the less price changes we get, an
VirtualTradePad - is a contol panel for working with orders in МetaТrader 5 : buy, sell, buystop, buylimit, sellstop, selllimit, close, delete, modify, tralling stop.
VirtualTradePad won 2nd prize in the "Best Control Panel in the MQL5 Language" Contest.
The panel consists of 5 tabs.
VirtualTradePad PositionsStyle VirtualTradePad Ordersstyle VirtualTradePad SignalsStyleDemo version of the panel - VirtualTradePad LiteProfit or Loss PadINFO PadYou can also try this panel for
The main purpose of the indicator is to determine and mark trade signals on the histogram of the Accelerator Oscillator, which were described by Bill Williams in his book "New Trading Dimensions". The list of signals:
The buy signal when the indicator histogram is below the zero line. The sell signal when the indicator histogram is below the zero line.The sell signal when the indicator histogram is above the zero line. The buy signal when the indicator histogram is above the zero line. The
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 robot does not trade at night from 10 p.m. to 4 a.m. (server time).
The robot was tested in the special tester on real ticks. Empirical e
The PZ Day Trading indicator detects reversals in a zig-zag fashion, without repainting or backpainting. Based on breakouts of variable lengths, the indicator uses only price action to pick trades and reacts to the market very fast. The positional accuracy of its signals offers huge opportunity for profits, easily up to 80% winners.
Amazingly easy to tradeChart statistics will help you to optimize your tradingIt works on every single timeframe without fine tuningThe indicator analyzes its own q
The script creates account summary report in a separate window.
The report can be created for all deals and on deals for selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
The script creates account summary report in a separate window.
The report can be created for all deals and for deals of the selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
The MACD indicator in MetaTrader 4/5 looks different than the MACD indicator in most other charting software. That's because the MetaTrader 4/5 version of MACD displays the MACD line as a histogram when it is traditionally displayed as a line. Additionally, the MetaTrader 4/5 version computes the Signal line using an SMA whereas according to MACD definition it's supposed to be an EMA. The MetaTrader 4/5 version also does not compute a true MACD Histogram (the difference between the MACD/Signal l
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.
This is an utility for automatic scaling of a chart and making at least 140 bars visible in it. This is necessary for a correct wave analysis according to the Bill Williams' strategy "Trading Chaos". The utility can be used on any timeframe available in МetaТrader 5.
It draws a vertical line through the first bar the calculation starts from. This line allows you to see the probable starting point of the wave sequence along with a sufficient number of bars displayed in the chart. It also makes t
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
Forum on trading, automated trading systems and testing trading strategies
Something Interesting to Read August 2014
matfx, 2014.08.18 13:44
The Little Book Of Sideways Markets : How To make Money In Markets That Go Nowhere
With the stock market turning into a roller-coaster ride of all-time
highs and stomach-churning lows, where does that leave your portfolio?
Pretty much back where you started in 2000. Which may be fine for
visitors to Six Flags, but for your retirement, savings, and
investments, you'd like to actually get somewhere.
Little Book of Sideways Markets, respected value investor and author
Vitaliy Katsenelson shows you how to survive a stagnant market that's
neither bull nor bear but instead what he calls a cowardly lion—it
displays occasional bursts of bravado but is ultimately overcome by
Katsenelson, known for the commonsense principles he
has written frequently about in the Financial Times, Bloomberg
Businessweek and elsewhere, decodes the theories and cuts to the chase
with practical and timely strategies for how you can survive and thrive
during a sideways market—a state of affairs, by the way, we should
expect for the next decade. He'll show you:
progress in a sideways market is difficult, but the lively and
entertaining Little Book of Sideways Markets will help you triumph even
when the market is stalled.
matfx, 2014.08.24 13:55
Following The Trend : Diversified Managed Futures Trading
During bull and bear markets, there is a group of hedge funds and
professional traders which have been consistently outperforming
traditional investment strategies for the past 30 odd years. They have
shown remarkable uncorrelated performance and in the great bear market
of 2008 they had record gains. These traders are highly secretive about
their proprietary trading algorithms and often employ top PhDs in their
research teams. Yet, it is possible to replicate their trading
performance with relatively simplistic models. These traders are trend
following cross asset futures managers, also known as CTAs. Many books
are written about them but none explain their strategies in such detail
as to enable the reader to emulate their success and create their own
trend following trading business, until now. Following the Trend
explains why most hopefuls fail by focusing on the wrong things, such
as buy and sell rules, and teaches the truly important parts of trend
following. Trading everything from the Nasdaq index and T-bills to
currency crosses, platinum and lean hogs, there are large gains to be
made regardless of the state of the economy or stock markets. By
analysing year by year trend following performance and attribution the
reader will be able to build a deep understanding of what it is like to
trade futures in large scale and where the real problems and
opportunities lay.Written by experienced hedge fund manager Andreas
Clenow, this book provides a comprehensive insight into the strategies
behind the booming trend following futures industry from the perspective
of a market participant. The strategies behind the success of this
industry are explained in great detail, including complete trading rules
and instructions for how to replicate the performance of successful
hedge funds. You are in for a potentially highly profitable roller
coaster ride with this hard and honest look at the positive as well as
the negative sides of trend following.
The Little Book of Stock Market Cyclesby
predicting the direction of the stock market at any given point is
difficult, it's a fact that the market exhibits well-defined and
sometimes predictable patterns. While cycles do not repeat exactly all
of the time, statistical evidence suggests that cyclical tendencies are
very strong and should not be ignored by investors. The Little Book of Stock Market Cycles will show you how to profit from these recurring stock market patterns and cycles.
Written by Jeffrey Hirsch, President of the Hirsch Organization and Editor-in-Chief of the Stock Trader's Almanac,
this reliable resource explains why these cycles occur, provides the
historical evidence behind them, and shows you how to capture consistent
profits from them moving forward. In addition to describing his most
widely followed cycles and patters, Hirsch also discusses both longer
term boom-bust economic cycles and shorter term tendencies involving the
best days, weeks, and months of the year to trade the market.
For investors looking to beat the buy-and-hold philosophy, The Little Book of Stock Market Cycles will provide simple, actionable ideas that have stood the test of time and consistently outperformed the market.
Jack D. Schwager
An accessible look at the art of investing and how to adopt the practices of top professionals
differentiates the highly successful market practitioners—the Market
Wizards—from ordinary traders? What traits do they share? What lessons
can the average trader learn from those who achieved superior returns
for decades while still maintaining strict risk control? Jack Schwager
has spent the past 25 years interviewing the market legends in search of
the answers—a quest chronicled in four prior Market Wizards volumes
totaling nearly 2,000 pages.
In The Little Book of Market Wizards,
Jack Schwager seeks to distill what he considers the essential lessons
he learned in conducting nearly four dozen interviews with some of the
world's best traders. The book delves into the mindset and processes of
highly successful traders, providing insights that all traders should
find helpful in improving their trading skills and results.
For nearly thirty years, professional and individual traders have turned to Trading Systems and Methods for detailed information on indicators, programs, algorithms, and systems, and now this fully revised Fifth Edition
updates coverage for today's markets. The definitive reference on
trading systems, the book explains the tools and techniques of
successful trading to help traders develop a program that meets their
own unique needs.
Presenting an analytical framework for comparing
systematic methods and techniques, this new edition offers expanded
coverage in nearly all areas, including trends, momentum, arbitrage,
integration of fundamental statistics, and risk management.
Comprehensive and in-depth, the book describes each technique and how it
can be used to a trader's advantage, and shows similarities and
variations that may serve as valuable alternatives. The book also walks
readers through basic mathematical and statistical concepts of trading
system design and methodology, such as how much data to use, how to
create an index, risk measurements, and more.
Packed with examples, this thoroughly revised and updated Fifth Edition covers more systems, more methods, and more risk analysis techniques than ever before.
Written by a global leader in the trading field, Trading Systems and Methods, Fifth Edition is the essential reference to trading system design and methods updated for a post-crisis trading environment.
Something Interesting to Read June 2014
newdigital, 2014.06.12 13:25
Capital in the Twenty-First Century
What are the grand dynamics that drive the accumulation and distribution
of capital? Questions about the long-term evolution of inequality, the
concentration of wealth, and the prospects for economic growth lie at
the heart of political economy. But satisfactory answers have been hard
to find for lack of adequate data and clear guiding theories. In Capital
in the Twenty-First Century, Thomas Piketty analyzes a unique
collection of data from twenty countries, ranging as far back as the
eighteenth century, to uncover key economic and social patterns. His
findings will transform debate and set the agenda for the next
generation of thought about wealth and inequality.
Piketty shows that modern economic growth and the diffusion of knowledge
have allowed us to avoid inequalities on the apocalyptic scale
predicted by Karl Marx. But we have not modified the deep structures of
capital and inequality as much as we thought in the optimistic decades
following World War II. The main driver of inequality--the tendency of
returns on capital to exceed the rate of economic growth--today
threatens to generate extreme inequalities that stir discontent and
undermine democratic values. But economic trends are not acts of God.
Political action has curbed dangerous inequalities in the past, Piketty
says, and may do so again.
A work of extraordinary ambition, originality, and rigor, Capital in the
Twenty-First Century reorients our understanding of economic history
and confronts us with sobering lessons for today.
Thomas Piketty on Economic Inequality
"Every now and then, the field of economics produces an important book;
this is one of them," writes Tyler Cowen in his Foreign Affairs review
of Thomas Piketty's Capital in the Twenty-First Century. "Piketty's tome
will put capitalist wealth back at the center of public debate,
resurrect interest in the subject of wealth distribution, and
revolutionize how people view the history of income inequality."
But Cowen deems Piketty's main prescription, a proposal for the global
taxation of wealth, "an unsatisfying conclusion to a groundbreaking work
of analysis that is frequently brilliant -- but flawed, as well."
Justin Vogt, deputy managing editor of Foreign Affairs, recently sat
down with Piketty to discuss his analysis of inequality and his
controversial policy proposals.
As an asset class,
commodities are now as important as stocks and bonds – and with rapid
growth in demand, profit opportunities in commodities are larger than
ever. But today’s computer-driven markets are volatile and chaotic.
Fortunately, you can profit consistently – and this tutorial will
show you how. Building on more than 30 years of market success, George
Kleinman introduces powerful trend-based techniques for consistently
trading in your “sweet spot” for profits.
reveals exactly how the commodities markets have changed – and how you
can use consistent discipline to avoid “shark-infested waters” and
manage the market’s most dangerous risks. Ideal for every
beginning-to-intermediate level trader, speculator, and investor, this
guide begins with the absolute basics, and takes you all the way to
discover how futures and options trading work today, how trading
psychology impacts commodity markets even in an age of high-frequency
computer trading, and how to avoid the latest pitfalls. Kleinman offers
extensively updated coverage of electronic trading, today’s contracts,
and advanced trading techniques – including his exclusive, powerful
Pivot Indicator approach.
previous editions of this tutorial have become international
best-sellers. But the game has changed. Win it the way it’s played right
now, with Trading Commodities and Financial Futures, Fourth Edition .
John F. Carter
There are 2nd editions of the book, which is basically a
revision of the original version. John has added more content as well
as updated previous trading concepts as they apply to current day
Mastering the Trade has a lot of focus on futures
trading, and this book has something for every trader, regardless of experience or
knowledge. Reading this book will not necessarily make you an instant
success, but reading a book on how to hit a golf ball from Tiger Woods
doesn't mean you'll be on tour with a winning streak next year either.