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
EA PENDING ORDER bars
All the strongest movements occur only during the news. However, it also happens that the news on one currency pair influences other currencies, though no news was released for them. For this Expert Advisor, I do not use news lists or indicators (which are late anyway). The principle of the Expert Advisor operation is quite simple.
EA Pending Оrder bars places BUYSTOP and SELLSTOP pending orders at the distance equal to the arithmetic mean value of the last bars' height o
All traders using VSA realize the importance of the volume. Unfortunately, tick and spot volumes are not suitable for these purposes.
I have conducted mathematical calculations and managed to trnsform the price into the volume that is close to the futures one by its ratios. Now, you do not have to wrestle with the question of where to obtain the volume data. Besides, you will be able to use the currency pairs having no futures at all. With RealVolume, you do not need to remember data on each ti
This is the Famous Timing Indicator
You can now use the most famous Timing indicator on the planet.
Millionaire Mostafa Belkhayate earned his reputation by using this specific indicator to validate the entry signals supplied by his also famous Center of Gravity indicator on the Forex market. I spent hours, days, weeks to decrypt the formula and now it is finally available to you.
New and Unique for MetaTrader 5
Timing will give you perfect validations for your entry signals. It is the first
The main purpose of the indicator is to detect and mark trade signals on the histogram of the Awesome Oscillator according to the strategies "Trading Chaos, second edition" and "New Trading Dimensions".
The indicator detects and marks the following trade signals:
"Two peaks" - Divergence. The signal "Second wise-man" - third consequent bar of the Awesome Oscillator after its color is changed. The histogram crosses the zero line. The signal "Saucer".The indicator includes a signal block th
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, and, as a consequence, tick volume is smaller.
In this case, when big amount of requests appear on the market, price changes happen more often. Big tick volume appears. Tick volume is an important indicator of trad
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
The main purpose of the indicator is to detect and mark on a chart the following trade signals described in "New Trading Dimensions":
Bullish and bearish reverse bars with angulation (including squat). Bars in the green and red zones according to the histogram color of Awesome Oscillator and Accelerator Oscillator. Bars in the grey zone, when the Awesome Oscillator and Accelerator Oscillator histograms below these bars have opposite directions. Blue squat bars on chart independent of the
Find Shoulder-Head-Shoulder chart patterns easily with this indicator.
Easy to use Customizable colors and sizes It implements breakout signals It implements alerts of all kinds
Indicator Settings - The amplitude represents the size of the patterns to be found. The max. history bars parameter is the amount of bars in the chart to look back.
Less bars to evaluate means the indicator will load faster. Patterns - Choose the colors of the patterns. Breako
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
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 is designed for easy construction of synthetic charts based on data of various financial instruments. It will be useful both arbitrage and pair trading, as well as for analysis purposes. Its main advantage is simplicity and clarity. Each chart is given as a common mathematical formula. For example, if you want to plot the spread (difference) between EURUSD and GBPUSD with coefficients 4 and 3, then set the following formula:
EURUSD * 4 - GBPUSD * 3
The resulting chart is shown in
FULL Automatic is a fully autonomous trading robot for MetaТrader 5 without configurable parameters.
It is similar to SAFE Automatic robot intended for traders having no knowledge of trading basics. It works in Low, Medium, High and Extremal trading modes.
The EA applies modified versions of well-known strategies, including Elliott waves, following a trend, half-pyramiding, scalping, speculative trading with a double deposit protection. The EA switches the strategies automati
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
Monitoring and Trend Analysis
This product shows the trend strength levels based on 16 standard indicators, time periods and currency groups.
Depending on the current trend, the indicator colors change from green to red, allowing you to see the full picture.
Whatever your trading method and strategy are, you should always know, in which direction you are trading and what the probability of the trend change is. This indicator will help you answer these questions by calculating the
Volume is an important indicator in combination with price movements.
Volumes Overaverage Notifier informs you when activity is entering the market.
This indicator is able to notify you via push notifications, alerts, sounds and emails when it is recognizing rising volume above a customizable level.
The volumes histogram is divided and colored in 4 different parts - low, normal, high and ultrahigh volume levels.
Low volume zones are drawn as a rectangle into the chart.
How to Use
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
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
Three variables are available for every strategy, any one of them can be disabled, their period can be changed.
type_order=ORDER_FILLING _FOK - order filling type.
ReverseTrade=false — trades opens in reverse direction if true. ExitOnBar=true — trades close on each bar only. spreadcover=false — Spread you pay includes in profit trades. It's like trade with zero spread but you should remember that it can decrease exact match between tester's result and live one. It
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
Does not support openning multiple 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
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
This indicator extracts a trend from a price series and forecasts its further development. Algorithm is based on modern technique of Singular Spectral Analysis (SSA). SSA is used for extracting the main components (trend, seasonal and wave fluctuations), smoothing and eliminating noise. Does not require the series to be stationary, as well as the information on presence of periodic components and their periods. It can be applied both to price series and to the data of other indicators.
Fast Copy MT5 allows you to copy trades between different MetaTrader 5 (netting)(hedge) and MetaTrader 4 accounts in any direction and amount, quickly and easily (without loading the system).
Any type of copying is available
MT4 → MT5 MT4 → MT4 MT5 → MT5 MT5 → MT4
* For the MetaTrader 4 terminal — Fast Copy MT4
* For the MetaTrader 5 terminal — Fast Copy MT5
** Before the purchase, you can test the program by downloading the free demo versions — Fast
Does not support openning multiple 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 Butt
Cluster analysis of volumes is now available in MetaTrader 5!
The YuСlusters indicator is a professional tool for analyzing the trading volumes. The cluster graph is plotted based on tick data. For the exchange financial instruments these are the volume, type and price of a deal. For the Forex instruments - the real or tick volume (depending on the broker) and Bid price.
There are 6 criteria of cluster generation:
Time interval, the criterion is set in seconds. Price range, the criteri
Create your own list of trading instruments Watch list* and combine it with several open charts Link **.
Using this program, a user can create fully-fledged Watch lists, create and delete trading instruments and move through the list.
A selected symbol shows charts in linked windows. Linked windows can have different periods, indicators, experts, trading panels, etc...
Moving through his/her Watch list, a trader an see the full image of his/her strategy in all windows.
A lot of traders use 1
This is an open interest indicator for MetaTrader 5. It fixes open interest value once per minute and writes it to the file (on your PC). The product works on any timeframe but only with exchange instruments.
Trade Controller provides multiple methods to protect and maximize your profits. This powerful weapon helps you to set the protect and trailing-stop rules on your trade automatically in many effective methods. Once it is set and turned on, you don't need to monitor your orders anymore, the software will keep watching and control your orders with your predefined rules.
It's designed to support multi-protection and trailing strategy: Protect by break-even, protect by percentage, protect by pip, p
Robust median Renko style indicator for creating custom charts resembling Median Renko, Mean Renko, Turbo Renko and Better Renko candles as well as vanilla Renko with wicks plus PointO charts. This all in one package provides all of the signals needed by day traders, scalpers and even long term traders.
The indicator is an overlay on the main chart so it is possible to utilize one-click trading and order manipulation directly on the custom charts. Visual order placement is a
Forum on trading, automated trading systems and testing trading strategies
Something Interesting to Read September 2014
newdigital, 2014.09.29 09:10
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.
Something Interesting to Read August 2014
matfx, 2014.08.05 14:40
A Three Dimensional Approach To Forex Trading : Anna Coulling
If you aspire to becoming a full time forex trader, then this is the
book for you. Even if your dream is perhaps more modest, and you simply
want to have a second income trading the forex markets, then again, this
book is for you. It has been written with one clear objective in mind.
To explain how and why currencies move in the way that they do, using
the combined power of relational, technical and fundamental analysis.
Combine this with a three dimensional approach to trading itself, using
multiple time frames and multiple chart analysis, and the world of
foreign exchange will become crystal clear. Many aspiring traders,
simply do not realize that the forex market sits at the heart of the
financial world, which, when you think about it logically, is really
common sense. After all, this is the biggest money market in the world,
and if the financial markets are about one thing, they are about money.
Making it, protecting it, or increasing the return. It’s no surprise
therefore, that the forex market connects all the others. It is the
central axis of the financial world, around which all the others spin.
In the book, you will discover how changes in market sentiment in the
primary markets of commodities, stocks, bonds and equities, are then
reflected in the currency markets. This is something which often
surprises novice traders. After all, why look at a stock index, or the
price of gold, or a bond market? The answer is very simple. It is in
these markets where you will find all the clues and signals, which then
reveal money flow. After all, the financial markets are all about risk.
In other words, higher returns for higher risk, or lower returns for
lower risk. It really is that simple. And yet, how many forex traders
ever consider associated markets. The answer is very few. You will be
one of those enlightened traders who truly understands money flow and
risk, and your confidence as a trader will grow exponentially as a
result. And in case you were wondering, this is NOT another book
explaining forex trading strategies. In fact there are none at all,
surprising given the book's length. If this is what you are looking
for, please DO NOT buy this book. It has been written for two specific
audiences. The first is the novice forex trader, for whom this is a new
market. The second is the forex trader who has attempted to trade in
foreign exchange, but failed, and has been left confused by the apparent
random and chaotic behavior of this volatile market. Reading this book
will provide you with a deep understanding of how and why the markets
move in the way they do. Whilst the forex market is a complex mix, it
is not complicated, once you understand the people, their motives and
the currencies themselves. Each chapter builds on the last in a logical
sequence, and every topic is explained in a simple and clear way. Even
those markets such as bonds, which few traders ever understand, are
explained very simply. Every topic is illustrated with clearly annotated
charts, to help and guide you as you learn. Equally important is the
concept of change. Indeed you may have other books on your bookshelf
written many years ago and explaining how the forex market works. Well,
as you will discover, the rule book has been torn up. No longer is this a
simple market of trending currency pairs. This all changed in the
financial tsunami which engulfed the world in 2007/2008, and with it the
forex world changed too! If this is news to you, then yet another
reason to buy the book. Long gone are the days when currency pairs
meandered their way higher and lower in long term trends, driven by
interest rate differentials. To take advantage, you need to understand
the forces which now drive the markets. A Three Dimensional Approach To
Forex Trading will empower you with knowledge. Knowledge and confidence
go hand in hand. Confidence breeds success, and success breeds money,
which will then flow from reading the book - Anna
New Book - Open Secret of Libor Manipulation
Open Secret: The Global Banking Conspiracy That Swindled Investors Out of Billions is the new book written by Erin Arvedlund.
The book goes behind the scenes of the elite firms that trafficked in
LiBOR based products, including Barclays Capital, UBS, Rabobank, and
Citigroup to show the negative impact they had on both ordinary
investors and borrowers.
Erin’s claim to fame was a column she wrote in Barron’s in the early
2000s outing Bernie Madoff as a fraud. It was a national bestseller
titled Too Good to Be True.
The Shifts and the Shocks: What We’ve Learned - and Have Still to Learn - from the Financial Crisisby
From the chief economic commentator for the Financial Times, a brilliant tour d’horizon of the new global economy and its trajectory
There have been many books that have sought to explain the causes and
courses of the financial and economic crisis which began in 2007–8. The Shifts and the Shocks
is not another detailed history of the crisis, but the most persuasive
and complete account yet published of what the crisis should teach us
about modern economies and economics. The book identifies the
origin of the crisis in the complex interaction between globalization,
hugely destabilizing global imbalances and our dangerously fragile
financial system. In the eurozone, these sources of instability were
multiplied by the tragically defective architecture of the monetary
union. It also shows how much of the orthodoxy that shaped monetary and
financial policy before the crisis occurred was complacent and wrong. In
doing so, it mercilessly reveals the failures of the financial,
political and intellectual elites who ran the system. The book
also examines what has been done to reform the financial and monetary
systems since the worst of the crisis passed. “Are we now on a
sustainable course?” Wolf asks. “The answer is no.” He explains with
great clarity why “further crises seem certain” and why the management
of the eurozone in particular “guarantees a huge political crisis at
some point in the future.” Wolf provides far more ambitious and
comprehensive plans for reform than any currently being implemented.
Written with all the intellectual command and trenchant judgment that
have made Martin Wolf one of the world’s most influential economic
commentators, The Shifts and the Shocks matches impressive
analysis with no-holds-barred criticism and persuasive prescription for a
more stable future. It is a book no one with an interest in global
Something Interesting to Read February 2014
newdigital, 2014.02.04 15:21
Trading Price Action Reversals : Al Brooks
detailed guide to profiting from trend reversals using the technical analysis of price action
The key to being a successful trader is finding a system that works and
sticking with it. Author Al Brooks has done just that. By simplifying
his trading system and trading only 5-minute price charts he's found a
way to capture profits regardless of market direction or economic
climate. His first book, Reading Price Charts Bar by Bar, offered an
informative examination of his system, but it didn't allow him to get
into the real nuts and bolts of the approach. Now, with this new series
of books, Brooks takes you step by step through the entire process.
By breaking down his trading system into its simplest pieces:
institutional piggybacking or trend trading, trading ranges, and
transitions or reversals (the focus of this book), this three book
series offers access to Brooks' successful methodology. Trading Price
Action Reversals reveals the various types of reversals found in today's
markets and then takes the time to discuss the specific characteristics
of these reversals, so that you can use them in your everyday trading
endeavors. While price action analysis works on all time frames, there
are different techniques that you can use in trading intraday, daily,
weekly and monthly charts. This, among many other issues, is also
addressed throughout these pages.
Other books in the series include Trading Price Action Trends and Trading Price Action Trading Ranges
If you're looking to make the most of your time in today's markets the
trading insights found in Trading Price Action Reversals will help you
achieve this goal.
newdigital, 2014.02.10 16:20
Trading Price Action Trading Ranges : Al Brooks
Divided into five comprehensive parts, Trading Price Action Trading
Ranges skillfully addresses how to spot and profit from trading
ranges—which most markets are in, most of the time—using the technical
analysis of price action. Along the way, it touches on some of the most
essential aspects of this approach, including:
And much more
Throughout the book, Brooks focuses primarily on 5 minute candle
charts—all of which are created with TradeStation—to illustrate basic
principles, but also discusses daily and weekly charts. And since he
trades more than just E-mini S&P 500 futures, Brooks also details
how price action can be used as the basis for trading stocks, forex,
Treasury Note futures, and options. For your convenience, a companion
website, which can be found atwiley.com/go/tradingtrends, contains all
of the charts provided in the book.
Check the other book from this series : Trading Price Action Reversals : Al Brooks
By Eric Schmidt and Jonathan Rosenberg
Google Executive Chairman and ex-CEO Eric Schmidt and former SVP of
Products Jonathan Rosenberg came to Google over a decade ago as proven
technology executives. At the time, the company was already well-known
for doing things differently, reflecting the visionary--and frequently
contrarian--principles of founders Larry Page and Sergey Brin. If Eric
and Jonathan were going to succeed, they realized they would have to
relearn everything they thought they knew about management and business.
Today, Google is a global icon that regularly pushes the
boundaries of innovation in a variety of fields. HOW GOOGLE WORKS is an
entertaining, page-turning primer containing lessons that Eric and
Jonathan learned as they helped build the company. The authors explain
how technology has shifted the balance of power from companies to
consumers, and that the only way to succeed in this ever-changing
landscape is to create superior products and attract a new breed of
multifaceted employees whom Eric and Jonathan dub "smart creatives."
Covering topics including corporate culture, strategy, talent,
decision-making, communication, innovation, and dealing with disruption,
the authors illustrate management maxims ("Consensus requires
dissension," "Exile knaves but fight for divas," "Think 10X, not 10%")
with numerous insider anecdotes from Google's history, many of which are
shared here for the first time.In an era when everything is
speeding up, the best way for businesses to succeed is to attract
smart-creative people and give them an environment where they can thrive
at scale. HOW GOOGLE WORKS explains how to do just that.
Digital Bank: Strategies to launch or become a digital bank
by Chris Skinner
Digital Bank tracks the innovations in banking and how the mobile
internet is changing the dynamics of consumer and corporate
relationships with their banks. The implication is that banks must
become digitised, and that is a challenge as becoming a Digital
Bank demands new services focused upon 21st-century technologies.
Digital Bank not only includes extensive guidance and background on the
digital revolution in banking, but also in-depth analysis of the
activities of incumbent banks such as Barclays in the UK and mBank in
Poland, as well as new start-ups such as Metro Bank and disruptive new
models of banking such as FIDOR Bank in Germany. Add on to these a
comprehensive sprinkling of completely new models of finance, such as
Zopa and Bitcoin, and you can see that this book is a must-have for
anyone involved in the future of business, commerce and banking.
Something Interesting to Read March 2014
newdigital, 2014.03.21 13:40
The Little Book Of Trading : Michael W. Covel
The last decade has left people terrified of even the safest investment
opportunities. This fear is not helping would-be investors who could be
making money if they had a solid plan. The Little Book of Trading
teaches the average person rules and philosophies that winners use to
beat the market, regardless of the financial climate.
The market has always fluctuated, but savvy traders know how to make
money in good times and bad. Drawing on author Michael Covel's own
trading experience, as well as insights from legendary traders, the book
offers sound, practical advice in an easy to understand, readily
digestible way. The Little Book of Trading:
Identifies tools, concepts, psychologies, and philosophies that keep
people protected and making money when the next market bubble or
surprise crisis occurs
Features top traders in each chapter that have beaten the market for
decades, providing readers with their moneymaking knowledge
Shows how traders who beat mutual fund performance make money at different times, not just from stocks alone
Most importantly, The Little Book of Trading explains why mutual funds
should not be the investment vehicle of choice for people looking to
secure retirement, a radical realization highlighting the changed face
of investing today.