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
The indicator displays divergence for any custom indicator. You only need to specify the indicator name; DeMarker is used by default.
Additionally, you can opt for smoothing of values of the selected indicator and set levels whose crossing will trigger an alert. The custom indicator must be compiled (a file with ex5 extension) and located under MQL5/Indicators of the client terminal or in one of the subdirectories. It uses the zero buffer of the specified indicator with default parameters.
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
This is a revamped indicator ColorBars. Now its color depends on close prices and not volumes. Using this indicator one can increase the width of bars; this cannot be done in the terminal.
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
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
Using the width between the Bollinger Bands called BandWidth, this system finds times of low volatility also known as a squeeze. It is called a squeeze because as the bands compress, they tend to expand again into higher volatility and the price can trend along the upper or lower band. This system finds low volatility and enters a new position when the price moves to the upper or lower Bollinger Bands.
The SMA used to create the Bollinger Bands is used as a trailing exit. After the price follow
If you want something as below:
Sell FOREX trading signal. Manage multiple accounts. Follow somebody's trading."TradeCopier_source" and "TradeCopier_follow" can help you!
Copying from one source (master) account to multiple follower (slave) accounts. Allow investor (read only) password for the source (master) account. There are no complicated settings and input parameters, everything is easy. Works with different Brokers. Works with different symbols (EURUSD_FX, eurusd_m
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:
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 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
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
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
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
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 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
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 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
Take a look at the market in a new way! This is the newest trading method worthy of your attention!
Tired of catching the market movements? TTT FXnew is an essential tool for trend followers. This is a unique breakout indicator that automatically plots new trend lines every day forming blue and red triangles using OCHL values of the previous day. A market entry is performed when the price exits the triangles through the dotted line. If the yellow line crosses the red one after opening of the da
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
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
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 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.
If you want something as below:
Sell FOREX trading signal. Manage multiple accounts. Follow the trading from somebody."TradeCopier_follow" and "TradeCopier_source" can help you!
Copying from one source (master) account to multiple follower (slave) accounts. Allow investor (read only) password for the source (master) account. There are no complicated settings and input parameters, everything is easy. Works with different Brokers. Works with different symbols (EURUSD_FX, e
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
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
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
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.
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
Main Pivots is an indicator which looks for pivots points on preset intervals (days, weeks, months, years, etc.). Then all extreme points are checked for splice and consistent support and resistance lines are formed. These lines are useful for detecting the best pivot points.
It finds a pair of pivot lines for each interval which correspond to Low (support line) and High (resistance line) of the price movement on the interval. Difference between these lines represemt the price movement for the
Forum on trading, automated trading systems and testing trading strategies
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.