D1 price is on primary bearish market condition with trying to break 1.2279 support level:
is on primary bearish market condition with breaking 1.2357 support on open W1 bar for now.
is on bearish breakout by breaking 1.2357 support level with Chinkou
Span line of Ichimoku indicator crossing the price from above to below.
If D1 price will break 1.2279
support level so the primary bearish will be continuingIf D1 price will break 1.2506 resistance level so the secondary rally may be started within the primary bearish with possible reversal to bullish conditionIf not so we may see the ranging within bearish market condition.
UPCOMING EVENTS (high/medium impacted news events which may be affected on EURUSD price movement for this coming week)
2014-12-08 07:00 GMT (or 09:00 MQ MT5 time) | [EUR - German Industrial Production]
2014-12-09 07:00 GMT (or 09:00 MQ MT5 time) | [EUR - German Trade Balance]
2014-12-09 07:45 GMT (or 09:45 MQ MT5 time) | [EUR - French Trade Balance]
2014-12-10 01:30 GMT (or 03:30 MQ MT5 time) | [CNY - CPI]
2014-12-10 19:00 GMT (or 21:00 MQ MT5 time) | [USD - Federal Budget Balance]
2014-12-11 10:15 GMT (or 12:15 MQ MT5 time) | [EUR - Targeted LTRO]
2014-12-12 05:30 GMT (or 07:30 MQ MT5 time) | [CNY - Industrial Production]
2014-12-12 13:30 GMT (or 15:30 MQ MT5 time) | [USD - PPI]
2014-12-12 14:55 GMT (or 16:55 MQ MT5 time) | [USD - UoM Consumer Sentiment]
Please note : some US (and CNY) high/medium impacted news events (incl speeches) are also affected on EURUSD price movement
SUMMARY : bearish
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 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:
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
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One tool for sending and receiving transactions: [master] > [slave] operation mode can be selected in
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 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
Auto Trade Copier is designed to copy trades between multi MetaTrader 5 accounts/terminals with 100% accuracy.
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Followings are highlight features:
Switch between Provider or Receiver role within one tool.One provider can copy tr
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 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
MACD All MAs-14 is a MACD indicator that allows choosing usual parameters of the standard MACD (constructed from EMA) as well as the type of the moving average to be applied: up to 14 different types.
You can select 9 standard MAs available in MetaTrader 5 - SMA, EMA, SMMA, LWMA, DEMA, TEMA, Frama, VIDYA, AMA, TRIX, and 4 non-standard - LRMA, HMA, JMA, AFIRMA.
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Virtual TrailingStop is an Expert Advisor that manages trailing stop without sending its information to the broker server.
EnableVirtualTrailingStop: enable or disable whole function VirtualTrailingStop: the pip use for determine how far the Virtual Trailing Stop will placed calculated from current price StartFromBreakEven: true/false. If true, Virtual Trailing Stop will placed after breakeven BreakEvenPoint: point profit from order open price where the Virtual T
Auto Trade Driver is an automatic powerful tool (run as Expert Advisor) that helps you to manage risk and control orders and maximize your profit in multi-protect/trailing-stop rules.
This tool is very useful for both scalpers and trend followers. It not only calculates the trade risk exactly, but also protects and maximizes your profits in real-time.
With this tool, the only thing you have to do is to enter trade by your own strategy, then it will auto-drive your position with exit strategy y
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
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 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.
Ichimoku Kinko Hyo is a purpose-built trend trading charting system that has been successfully used in nearly every tradable market. It is unique in many ways, but its primary strength is its use of multiple data points to give the trader a deeper, more comprehensive view into price action. This deeper view, and the fact that Ichimoku is a very visual system, enables the trader to quickly discern and filter "at a glance" the low-probability trading setups from those of higher proba
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
The Heiken Ashi indicator drawn using a tick chart. It draws synthetic candlesticks that contain a definite number of ticks.
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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
CandleTimer is an indicator that can be usable for scalper and short-term traders. It shows the following useful information:
Remaining and past time of a candle on the current chart or other timeframe Alarm setting for play sound at the start of the current candle Show SL/TP line defining whether the indicator has a Sell or Buy order or both Show a spread value Show Ask and Bid lines in different colors in high and low spread Compatible with a money management EA (you can buy it separat
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
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
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
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
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
My famous Reversal Fractals indicator points possible price reversals using fractals and breakouts, filtering out those which are not likely to precede a price movement.
Easy to analyze and understand Filter out unreliable fractals easily The indicator displays data at bar closing It implements alerts of all kinds The indicator is non-repainting
What is a fractal?
A fractal is a 5bar or 7bar formation being the middle bar the highest/lowest price of the formation.
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
DeltaVolumeDistribution indicator can be considered as the fusion of the DeltaVolume and TradeSizeDistribution indicators.
This indicator, inspired by the MarketDelta-family charts, computes the net difference between trades occurring at bid and at ask, while trades occurring between bid and ask quotes are not computed. The indicator plots the resulting DeltaVolume as a unique distribution plot.
With the DeltaVolumeDistribution indicator you will actually be able to see the order flow entering
The indicator displays the current market information about the recent trades (their direction and volume).
BackColor - general background color of the indicator; AboveAskBackColor - background color of the line with information about the last trade in case it was performed at the price above Ask; AboveAskFontColor - color of the text entered in the line with information about the last trade in case it was performed at the price above Ask; AtAskBackColor - background color of the
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.
MetaCOT 2 is a set of indicators and specialized utilities for the analysis of the U.S. Commodity Futures Trading Commission reports. Thanks to the reports issued by the Commission, it is possible to analyze the size and direction of the positions of the major market participants, which brings the long-term price prediction accuracy to a new higher-quality level, inaccessible to most traders.
These indicators, related to the fundamental analysis, can also be used as an effective long-term filte
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2014.12.07 12:23
EUR/USD trading forecast for Monday (based on binarytribune article)
Friday’s trade saw EUR/USD within the range of 1.2271-1.2393. The
daily low has also been the lowest level since August 16th 2012. The
pair closed at 1.2379, gaining 0.01% on a daily basis, while losing
0.58% for the whole week.
Germany’s seasonally adjusted index of industrial production
probably fell 0.2% in October compared to a month ago, according to
market expectations, following a 1.4% expansion in September. Annualized
industrial output contracted 0.1% in September, after another 1.9%
decline in August. The index reflects the change in overall
inflation-adjusted value of output in sectors such as manufacturing,
mining and utilities. In case industrial output shrank more than
anticipated, this would mount selling pressure on the euro. Destatis is
to publish the official data at 7:00 GMT on Monday.
Confidence among investors in the Euro zone probably continued to
worsen during the current month, with the corresponding index coming in
at a reading of -13.5. In November it stood at -11.87. If so, this would
be the fourth consecutive month, during which the gauge occupied
negative territory. The index is based on results from the SENTIX
survey, one of the most prominent surveys, reflecting investors’ opinion
in Germany. It encompasses 2 800 respondents, with 510 of them being
institutional investors. Respondents present their expectations
regarding ten different markets for a period of one and six months.
Readings above zero indicate that respondents were predominantly
optimistic, while readings below zero show pessimism.
Lower-than-expected readings would have a bearish effect on the common
currency. The official index value is due out at 9:30 GMT.
At the press conference on Thursday European Central Bank President
Mario Draghi noted that bank policy makers would wait until early next
year in order to determine whether Euro area economy is in need of
additional monetary stimulus.
ECB Governing Council expects to take into consideration a proposal
to widen the bank’s asset purchases, meaning the inclusion of sovereign
debt, at the upcoming policy meeting on January 22nd, Bloomberg
reported.”We’re looking for the euro to go down to $1.07 by the end of 2015,”
Marvin Barth, head of European foreign-exchange strategy at Barclays Plc
in London, said on Friday in an interview with Bloomberg Television.
”You’ve reached a tipping point in people’s expectations to where the
euro is likely to go. The ECB is providing a significant amount of
accommodation in conjunction with negative deposit rates.”
The central pivot point
for the pair is at 1.2348. In case EUR/USD manages to breach the first
resistance level at 1.2424, it will probably continue up to test 1.2470.
In case the second key resistance is broken, the pair will probably
attempt to advance to 1.2546.
If EUR/USD manages to breach the first key support at 1.2302, it will
probably continue to slide and test 1.2226. With this second key
support broken, the movement to the downside will probably continue to
The mid-Pivot levels for Monday are as follows: M1 – 1.2203, M2 – 1.2264, M3 – 1.2325, M4 – 1.2386, M5 – 1.2447, M6 – 1.2508.
In weekly terms, the central pivot point is at 1.2385. The three key
resistance levels are as follows: R1 – 1.2500, R2 – 1.2620, R3 – 1.2735.
The three key support levels are: S1 – 1.2265, S2 – 1.2150, S3 –
newdigital, 2014.12.08 05:38
EUR/USD Technical Analysis: Wedge Pattern Hints at Bounce (based on dailyfx article)
The Euro may be preparing to rebound against the US Dollar
as prices carve out a bullish Falling Wedge chart formation. A daily
close above the 1.2360-86 area marked by the 14.6% Fibonacci expansion
and the November 21 close exposes the wedge top at 1.2440.
Alternatively, a reversal below the 1.2213-38 zone (wedge floor, 23.6%
level) opens the door for a challenge of the 38.2% Fib at 1.1974.
MetaTrader Trading Platform Screenshots
EURUSD, M5, 2014.12.08
MetaQuotes Software Corp., MetaTrader 5, Demo
EURUSD M5: 20 pips price movement by EUR - France Trade Balance
newdigital, 2014.12.05 16:29
Something Interesting in Financial Video December 2014
newdigital, 2014.12.09 06:06
newdigital, 2014.12.10 06:19
Video: Another Fundamental Theme Threatens to Drive Euro Lower (based on dailyfx article)
break below 1.2200 before the year closes? The natural liquidity drain
expected of the final weeks of the trading year works against such
significant change. However, a strong fundamental driver can overwhelm
the stand often taken by the remaining market participants and even draw
those on vacation back to their terminals. For the Euro,
there are multiple avenues of concern. The ECB's stimulus efforts have
proven a key driver to this point, but the decision on a full-scale QE
program seems to have been pushed back to 2015. However, two other
lesser-appreciated critical themes are starting to stir. The
implications of capital flight in the event of global risk aversion is
still a difficult threshold to cross. Alternatively, a revived Euro-area
financial fear between rising bond yields, struggling economies and
austerity standoffs looks to be unfolding. In today's Strategy Video, we
take a look at the Euro and what it would take to catalyze the next big
leg for the currency...even before year end.
newdigital, 2014.12.10 13:41
Deutsche Bank analysis – EUR/USD targets (based on forexlive article)
Near-term, Deutsche Bank thinks that the recent pause in EUR/USD
drop could extend into year-end with market positioning very extended,
real yield fair value still in the high 1.20s, and ECB expectations
running ahead of what was delivered at its December meeting last
Going out to next year, DB sees more downside to the currency
with the risks being skewed to greater, rather than lesser weakness. DB
outlines 3 reasons behind this view:
In line with this view, DB targets EUR/USD in 2015 at 1.22 for Q1, 1.20 for Q2, 1.18 for Q3, and 1.15 for Q4.
newdigital, 2014.12.11 11:17
Trading News Events: U.S. Advance Retail Sales (based on dailyfx article)
Trading the News: U.S. Advance Retail Sales
A pickup in Advance U.S. Retail Sales may generate short-term decline in
EUR/USD as stronger consumption raises the growth and inflation outlook
for the world’s largest economy.
Why Is This Event Important:
Indeed, an expansion in household spending is likely to heighten the
appeal of the greenback and boost interest rate expectations as a
growing number of Fed officials show a greater willingness to normalize
monetary policy in mid-2015.
However, sticky inflation along with the slowdown in private sector
credit may drag on household spending, and a dismal development may
foster a more meaningful rebound in EUR/USD as it raises the FOMC’s
scope to zero-interest rate policy (ZIRP) for an extended period of
How To Trade This Event Risk
Bullish USD Trade: U.S. Retail Sales Climbs 0.4% or More
EUR/USD Daily Chart
EURUSD, M5, 2014.12.11
EURUSD M5: 22 pips price movement by USD - Retail Sales news event
newdigital, 2014.12.12 05:39
Forex: Bearish EUR/USD Formation Remains in Focus- AUD Hit by RBA Rhetoric
EUR/USD retains the bearish formation amid growing bets for ECB QE,
while the aussie struggles to hold its ground as the RBA toughens the
newdigital, 2014.12.12 10:03
Trading News Events: U. of Michigan Confidence (based on dailyfx article)
Trading the News: U. of Michigan Confidence
Another uptick in the U. of Michigan Confidence survey may spur a
further decline in the EUR/USD amid growing speculation for a Fed rate
hike in mid-2015.
What’s Expected:Why Is This Event Important:
Positive data prints coming out of the U.S economy should continue to
fuel interest rate expectations and heighten the bullish sentiment
surrounding the greenback as a growing number of Fed officials scale
back their dovish tone for monetary policy.
However, we the survey may disappoint as U.S. households face sticky
price pressures paired with the ongoing slack in the real economy, and a
dismal print may spur a larger correction in the greenback as it drags
on expectations for higher borrowing-costs.
How To Trade This Event Risk
Bullish USD Trade: U. of Michigan Survey Climbs to 89.5 or Higher
EURUSD, M5, 2014.12.12
MetaQuotes Software Corp., MetaTrader 5
EURUSD M5: 34 pips price movement by USD - UoM Consumer Sentiment news event