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
This software has no equals in the world and represents a universal trade "console" covering trading signals, automated market entry, setting of Stop Loss and Take Profit, as well as Trailing Profit for multiple trades at the same time in a single open window. Intuitive control of the Expert Advisor in "three clicks" ensures a comprehensive use of all its functions on different computers, including tablets PCs.
Interacting with additional signal indicators that mark the chart to give a real mar
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
CCFpExt is an extended version of the classic cluster indicator - CCFp.
Arbitrary groups of tickers or currencies are supported: can be Forex, CFDs, futures, spot, indices; Time alignment of bars for different symbols with proper handling of possibly missing bars, including cases when tickers have different trading schedule; Using up to 30 instruments for market calculation (only first 8 are displayed).Parameters
Instruments - comma separated list of instruments with a com
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
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 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
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 EASIEST way to manage your risk for each trade!
Add the indicator to your chart, configure a risk percentage (of account equity) Enter the number of pips for your stop loss into the text entry field that appears on the chart The position size to take will automatically be updatedThe product features two modes - a compact mode which allows entry of stop loss pips and shows the resulting lot size based on the percent risk setting, as well as an expanded mode that also shows
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
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
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
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
This indicator allows you to enjoy the two most popular products for analyzing request volumes and market deals at a favorable price:
Actual Depth of Market Chart Actual Tick Footprint Volume ChartThis product combines the power of both indicators and is provided as a single file.
The functionality of Actual COMBO Depth of Market AND Tick Volume Chart is fully identical to the original indicators. You will enjoy the power of these two products combined into the single super-indicator!
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
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
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
This indicator searches for candlestick patterns. Its operation principle is based on Candlestick Charting Explained: Timeless Techniques for Trading Stocks and Futures by Gregory L. Morris.
If a pattern is detected, the indicator displays a message at a bar closure.
This indicator is a complete analog of the Candle Pattern Finder indicator for MetaTrader 4
It recognizes the following patterns: Bullish/Bearish (possible settings in brackets):
Hammer / Shooting Star (with or without confi
The Stochastic Oscillator indicator is drawn on the tick price chart.
After launching it, wait for enough ticks to come.
Parameters: K period - number of single periods used for calculation of the stochastic oscillator; D period - number of single periods used for calculation of the %K Moving Average line; Slowing - period of slowing %K; Calculated bar - number of bars in the chart for calculation of the indicator.The following parameters are intended for adjusting the weight of signals o
The indicator analyzes the volume scale and splits it into two components - seller volumes and buyer volumes, and also calculates the delta and cumulative delta.
The indicator does not flicker or redraw, its calculation and plotting are performed fairly quickly, while using the data from the smaller (relative to the current) periods.
Full recalculation of data is performed once per minute, when a new candle opens on the M1 timeframe, or in case of a user activity, namely, when scrolling the ch
The Price Alerter for MetaTrader 5 is a simple and intuitive indicator for monitoring the price breakouts. Each indicator added to the chart creates its own horizontal line - that way each line has its own settings: name, chart, style, width, signals and is processed by the indicator that called it.
The newly created lines are initially inactive, they are activated after the user moves and places them. The indicator automatically determines the expected direction of the placed line breakout dep
The script allows users to easily close positions if their profit/loss reaches or exceeds a value specified in pips.
Please set slippage value first. Sometimes some positions do not close due to high volatility of the market. Please set larger slippage or restart the script.
The indicator is an inter-week hourly filter.
When executing trading operations, the indicator allows considering time features of each trading session.
Permissive and restrictive filter intervals are set in string form. The used format is [first day]-[last day]:[first hour]-[last hour]. See the screenshots for examples.
Parameters: Good Time for trade - intervals when trading is allowed. Bad Time for trade - intervals when trading is forbidden.
time filter shift (hours) - hourly shift
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
Supply Demand uses previous price action to identify potential imbalances between buyers and sellers. The key is to identify the better odds zones, not just the untouched ones.
Blahtech Supply Demand indicator delivers functionality previously unavailable on any trading platform. This 4-in-1 indicator not only highlights the higher probability zones using a multi-criteria strength engine, but also combines it with multi-timeframe trend analysis, previously confirmed swings and engulfing detecto
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 th
SafeZone is a method for setting stops on the basis of recent volatility, outside the level of market noise. It is described in "Come into my Trading Room" book.
In an uptrend, SafeZone defines noise as that portion of the current bar that extends below the low of the previous bar, going against the prevailing trend. It averages the noise level over a period of time and multiplies it by a trader-selected factor.
For long trades, SafeZone subtracts the average noise level, multiplied by a fac
This is a linear indicator of a currency power having the ability to filter by smoothing values. It shows the current power of selected currencies (the maximum number is 8), as well as historical values. The product is based on CPM Extended MT5. Calculation depends on the selected chart timeframe the indicator is launched at.
iPeriod - number of bars used to analyze currency power. HistoryBars - number of calculated bars on history. The parameter affects execution time during the first launc
FourAverage: A Breakthrough in Trend Identification
With evolving information technology and increasing number of market participants, financial markets get less and less analyzable using good old indicators. Common technical analysis tools, such as Moving Average or Stochastic alone, are not capable of identifying the trend direction or reversal.
Can a single indicator show the right direction of the future price, without changing its parameters over 14 years' history, while at the same time
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
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
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.