D1 price is on bearish ranging between 1.2583 support and 1.2886 resistance levels.
is on bullish ranging between 1.2705 support and 1.2839 resistance:
W1 price is on bearish: market rallyf as secondary trend is just started with 1.2500 as a key support level.
bearish - Chinkou Span line is crossing the price on open bar together with
1.2571 support level which is ready to be broken on open bar too. If Chinkou Span line
will break MN price from above to below on close monthly bar so we may
see the bearish market condition for this pair for the next months of this and next year. I just hope it will not be start on this
If D1 price will break 1.2583 support level so the primary bearish will be continuing (good to open sell trade for example)If
D1 price will break 1.2886 resistance - we may see the secondary market
rally inside primary bearish (good to counter-trend trading systems)If not so we may see the ranging market condition within bearish.
UPCOMING EVENTS (high/medium impacted news events which may be affected on EURUSD price movement for this coming week)
2014-10-20 06:00 GMT (or 08:00 MQ MT5 time) | [EUR - German PPI]
2014-10-20 08:00 GMT (or 10:00 MQ MT5 time) | [EUR - Current Account]
2014-10-20 10:00 GMT (or 12:00 MQ MT5 time) | [EUR - German Buba Monthly Report]
2014-10-20 14:00 GMT (or 16:00 MQ MT5 time) | [USD - FOMC Member Powell Speech]
2014-10-21 02:00 GMT (or 04:00 MQ MT5 time) | [CNY - GDP]
2014-10-21 02:00 GMT (or 04:00 MQ MT5 time) | [CNY - Industrial Production]
2014-10-21 14:00 GMT (or 16:00 MQ MT5 time) | [USD - Existing Home Sales]
2014-10-22 12:30 GMT (or 14:30 MQ MT5 time) | [USD - CPI]
2014-10-23 01:45 GMT (or 03:45 MQ MT5 time) | [CNY - HSBC Manufacturing PMI]
2014-10-23 07:00 GMT (or 09:00 MQ MT5 time) | [EUR - French Manufacturing PMI]
2014-10-23 07:30 GMT (or 09:30 MQ MT5 time) | [EUR - German Flash Manufacturing PMI]
2014-10-23 08:00 GMT (or 10:00 MQ MT5 time) | [EUR - Manufacturing PMI]
2014-10-23 12:30 GMT (or 14:30 MQ MT5 time) | [USD - Unemployment Claims]
2014-10-24 14:00 GMT (or 16:00 MQ MT5 time) | [USD - New Home Sales]
Please note : some US (and CNY) high/medium impacted news events (incl speeches) are also affected on EURUSD price movement
SUMMARY : bearish
TREND : bearish
Tired of plotting trendlines? The PZ TrendLines MT5 indicator applies a mechanical approach to the construction of trend lines for you!
It can draw up to 18 trendlines Trendlines can be optionally based on fractals Each line represents a breakout level Each trendline can be broken or rejected Configurable amount of lines Configurable colors
Arturo López Pérez, private investor and speculator, software engineer and founder of Point Zero Trading Solutions.
Veno EA MT5 is a safe and fully automated medium-term trading robot.
The EA does NOT use hedging, martingale, grid strategies, arbitrage, etc.
Veno Expert System MT5 automatically monitors the appearance of participants with distinct preference towards buying or selling on the market. Trades are conducted on sharp cluster and news based movements of the market. The robot analyzes the market volumes and volatility, and follows strong supply and demand movements. It smoothly sets breakeven level
This indicator allows you to enjoy the two most popular products for analyzing request volumes and market deals at a favorable price:
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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
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
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 indicator displays economic news on the currency chart (the appropriate data must be downloaded from the Internet - please see the download instructions on the screenshots provided). The list of currencies (countries) is customizable. By default it shows all currencies. The main parameters come with a built-in description. In addition, there are parameters for advanced users. News items are divided into 3 categories by degree of importance. There is a great flexibility in display parameter s
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
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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
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.
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Timing will give you perfect validations for your entry signals. It is the first
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
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
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
Active Lines - a powerful professional tool for operations with lines on charts. Active Lines provides a wide range of actions for events when the price crosses lines. For example: notify, open/modify/close a position, place/remove pending orders. With Active Lines you can assign several tasks to one line, for each of which you can set individual trigger conditions, as well as conditions for re-activations and the number of possible activations.
Active Lines helps you easily organize various tr
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
The indicator has standard settings. The new modification of indicator provides special marking of the segment when the moving averages begin to form a cross in one direction or another. The Alligator`s cross indicates that the trend is about to change. Modified Alligator helps traders to determine a trend on a particular timeframe even if the averages are intertwined and have a shift in the future. Direction of a trend is determined by a cross of the averages with a specified marking area on th
The indicator is based on the comparison of the correlation of trading instruments following an original algorithm. It determines the difference between correlated contracts (delta). The greater the difference, the more it is likely that this Delta will return to zero.
More suited to the FORTS market.
The greater the deviation from zero, the more it is likely that the price will return to zero. Also, the indicator divergence can be applied by comparing highs and lows.
This is an unusual (visual) representation of the famous WPR indicator. Instead of a separate subwindow, it is displayed in the main chart as a channel and levels.
The next version of the indicator will have a possibility of smoothing its values using a moving average.
PeriodWPR - calculation period of the percent price channel LevelUp - the value of the upper level in percentage (negative) LevelDn - the value of the lower level in percentage (negative) Center - the value of t
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
This is an extended version of OsMA that uses 4 colors (rise, fall above 0; rise, fall below 0). You can use 21 variations of the moving average for each of the straight lines uses, as well as for smoothing the total variance, and 11 price options for "fast" and "slow" MAs.
Moving Average types: Simple Moving Average, Exponential Moving Average, Wilder Exponential Moving Average, Linear Weighted Moving Average, Sine Weighted Moving Average, Triangular Moving Average, Least Square Moving Average
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
Envelopes or channel lines are set parallel to the Moving Average (to the slow MA if you use two MAs). The two channel lines must contain approximately 95% of all prices for the past two or three months on a daily chart, with only the extremes protruding outside. Channel lines provide attractive profit targets - sell longs near the upper line and cover shorts near the lower line.
The AutoEnvelope is a custom indicator - an original tool that automatically selects channels width by calculating a
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
PipTick VSA is based on the original Volume Spread Analysis method. It was designed for quick and easy recognition of VSA patterns. Even though this indicator looks very simple, it is the most sophisticated tool that we've ever made. PipTick VSA indicator is a really powerful analytical tool that generates very reliable trading signals. Because it is very user friendly and understandable, it is suitable for every type of trader, regardless of his experience.
What is VSA?
VSA - Volume Spread An
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
Trade in the opposite directions with HedgeTerminal
HedgeTerminal is a full-featured trading terminal inside MetaTrader 5. This is a graphic panel resembling MetaTrader 4 terminal. It allows you to track oppositely directed positions in the manner it is possible in MetaTrader 4. In other words, we can open unlimited number of positions on a single symbol even if positions are in complete or partial hedge (lock). Thus, you can maintain long and short positions simultaneously, which is impossible
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 Number Levels indicator plots the levels of round numbers on the chart, which can be identified as the support and resistance levels.
The indicator implements the ability to set the interval between the round number levels For example, if you set HL1 = 1.00000, and HL2 = 1.05000, then the lines will be drawn every 500 points.
Important! To plot the round number levels for two or more different levels, it is necessary and sufficient to set different names to them in the indicator parameters
FXG_Info – the most important data in one place.
MetaTrader 5 Indicator FXG_Info provides basic statistical information about a particular currency pair. So that in combination with a chart representing currency price it is easy to determine whether the current situation is good for trading. And when you open a position it will clearly show you the current data such as SL, TP, RR. You are not limited to currency. You can use any market which is provided by you broker.
The following information
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2014.10.18 12:07
newdigital, 2014.10.19 14:33
newdigital, 2014.10.19 14:59
newdigital, 2014.10.21 06:54
if actual > forecast (or actual data) = good for currency (for CNY in our case)
[CNY - GDP] = Change in the inflation-adjusted value of all goods and services produced by the economy.
China GDP Rises 7.3% On Year In Q3
China's gross domestic product expanded 7.3 percent on year in the
third quarter of 2014, the government said on Tuesday - topping
expectations for an increase of 7.2 percent but slowing from 7.5 percent
On an annualized quarterly basis, GDP was up 1.9 percent -
also beating forecasts for 1.8 percent and down from 2.0 percent in the
previous three months.
The government also said that industrial
production climbed 8.0 percent on year in September, beating
expectations for 7.5 percent and up from 6.9 percent in August.
sales climbed an annual 11.6 percent, just shy of forecasts for 11.7
percent and down from 11.9 percent in the previous three months.
asset investment jumped 16.1 percent on year, also missing expectations
for 16.3 percent and down from 16.5 percent in the three months prior.
MetaTrader Trading Platform Screenshots
EURUSD, M5, 2014.10.21
MetaQuotes Software Corp., MetaTrader 5, Demo
EURUSD M5: 13 pips price movement by CNY - GDP news event
Something Interesting in Financial Video October 2014
newdigital, 2014.10.22 07:20
Video: Equities Soar but Dollar, Euro, Yen Show Little ’Risk’ Response
Following its worst weekly tumble in over two years, US equities have
extended their recovery to a fourth session and the best single-day
climb in 12 months. Alongside, a drop in volatility measures, this looks
like the makings of a recovery in investor sentiment. That said, there
was little of the S&P 500 and Dow exuberance seen in other asset
classes. Is the surge in equities a false harbinger or will it just take
time for other markets to catch up? FX traders moving forward will have
to assess broader sentiment trends against monetary policy forecasts as
the economic docket fills out with key event risk. We look at both
themes and their market influence in today's Trading Video.
How i see the eur/usd
newdigital, 2014.10.22 11:53
Trading the News: U.S. Consumer Price Index (CPI) (based on dailyfx article)
A further slowdown in the U.S. Consumer Price Index (CPI) may spark a
bearish dollar reaction (bullish EUR/USD) as the majority of the Federal
Open Market Committee (FOMC) remain in no rush to normalize monetary
Why Is This Event Important:
Even though the Fed is widely expected to conclude its quantitative
easing (QE) program at the October 29 meeting, subdued price growth may
encourage the FOMC to retain the zero-interest rate policy (ZIRP) for an
extended period of time in order to promote a stronger recovery.Easing input costs along with the slowdown in private-sector consumption
may spur a weak CPI print, and the EUR/USD may face a larger correction
over the near-term should the fundamental development drag on interest
Nevertheless, the ongoing recovery in the labor market paired with the
pickup in economic activity may show an unexpected uptick in price
growth, and a stronger-than-expected inflation report may generate
another wave of USD strength as market participants boost bets for
higher borrowing costs.
How To Trade This Event Risk
Bearish USD Trade: Headline & Core Inflation Continue to Undershoot
EURUSD, M5, 2014.10.22
EURUSD M5: 38 pips price movement by USD - CPI news event
This is very famous pattern namely Sign of the horns
newdigital, 2014.10.23 06:28
[CNY - HSBC Manufacturing PMI] = Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. It's a leading indicator of economic health - businesses react quickly
to market conditions, and their purchasing managers hold perhaps the
most current and relevant insight into the company's view of the economy.
China Manufacturing PMI Rises Slightly In October - HSBC
China's manufacturing sector continued to expand at a slightly
accelerated pace in October, the latest survey from HSBC Bank revealed
in Thursday's preliminary reading with a PMI score of 50.4.
Now at a three-month high, the October score is up marginally from 50.2 in September.
A score above 50 signals expansion in a sector, while a reading below means contraction.
as well as external demand showed some signs of slowing although both
remained in expansion territory. Disinflationary pressures intensified,
as both the input and output price indices declined further. Meanwhile
both employment and inventory indices improved," said Hongbin Qu, Chief
Economist, China & Co- Head of Asian Economic Research at HSBC.
EURUSD, M5, 2014.10.23
EURUSD M5: 7 pips price movement by CNY - HSBC Manufacturing PMI news event
newdigital, 2014.10.23 09:48
if actual > forecast (or actual data) = good for currency (for EUR in our case)
[EUR - French Manufacturing PMI] = Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry. It's a leading indicator of economic health - businesses react quickly
to market conditions, and their purchasing managers hold perhaps the
most current and relevant insight into the company's view of the economy.
French Private Sector Contracts At Fastest Pace In 8 Months
The French private sector contracted at the sharpest rate in eight
months in October, flash survey data from Markit Economics showed
The composite output index fell to 48 in October from
48.4 in September. This was the lowest reading since February, albeit
indicative of a moderate rate of contraction overall.
The services Purchasing Managers' Index slid to 48.1 from 48.4 in September. The index was forecast to fall marginally to 48.3.
Likewise, the manufacturing PMI dropped to 47.3 in October from 48.8 a month ago. The reading was forecast to ease to 48.5.
EURUSD M5: 19 pips price movement by EUR - French Manufacturing PMI news event