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
The use of a polynomial expansion of data opens up new possibilities for analysis and decision making. But the problem of all existing algorithms is a very slow computation.
The main feature of this indicator is its fast algorithm. The speed of calculation of the polynomial algorithm and its standard deviation values is several thousand times faster than conventional algorithms. So this is a convenient algorithm for use without the need to apply supercomputers.
Beginning with the version 1.4
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. Ty
The iTicksChart allows you to create custom tick charts. It is suitable not only for trading but also for analysis of tick history. Each missed or ambiguous tick is fixed and displayed on the chart. Experts, indicators, graphical objects can be used for technical analysis.
Advantages and Features
runs and works at any open chart window (called "base chart" further on in this document); looks like a common chart after launching (see Screenshots); history quality is monitored - each missed o
This is an optimized version of MACD.
If the indicator color is red, it is recommended to sell. Crimson color indicates a forthcoming reverse. If the color is light green, it is recommended to sell. Dark green color indicates a forthcoming reverse.
My Money Manager like a risk controller, which places your trades with the exact volume that meets your desired stop loss risk.
It can also help you to preview your EP/SL/TP levels before placing an order by dragging these levels directly on a chart, and keep reporting about them during the position opening.
With this tool, you will feel more comfortable when deciding to open orders, as well as forecasting your profit/loss with your orders. Placing orders is a very precise and profe
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 has been designed for use on FORTS, but it can also work on other markets, at brokers broadcasting the required data.
A peculiarity of these data is that they cannot be requested from the broker's server as a section of history, but can only be obtained for the current moment.
The indicator periodically requests the broker, collects to a file and displays the following history from the stored file:
The weighted average price. The volume of buy orders. The volume of sel
The Expert Advisor for increasing (or opening) market positions.
Allows specifying the desired risk, target and searching for the best open price and trade volume.
It is included in the ActivePanel product.
The indicator shows a line of a relative trend based on an oscillator selected from the list. The line can be used for support/resistance depending on where the price is. Direction (fall/rise) changes when the oscillator crosses the specified levels (it is equal to the middle of the range by default, the value is adjustable) and can be additionally displayed in a different color. Change in the direction of the secondary smoothed price trend is displayed as arrows (you can also enable alerts); 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
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
This indicator incorporates the volume to inform the market trend. A warning system (chart, SMS and e-mail) is incorporated for warning when a certain level is exceeded.
Developed by Marc Chaikin, Chaikin Money Flow (CMF) measures the amount of Money Flow Volume (MFV) over a specific period. Money Flow Volume forms the basis for the Accumulation Distribution Line. Instead of a cumulative total of Money Flow Volume, Chaikin Money Flow simply sums Money Flow Volume for a specific look-back
This is the first public MQL5 indicator using the cluster filtering. The advanced smoothing effect allows the digital filter to transform an ordinary moving average into a new faster indicator providing fewer false signals. At least, that is the purpose of the new experimental project. The project stages and ClusterSMA features are described in the author's blog (in Russian).
The indicator is based on the cluster digital filter that is successfully used in another area. At the time of publicati
This is a half scalping system that analyzes the market using a transmission function and price movement speed.
This Expert Advisor is intended for trading on EURUSD, however it can run on other currency pairs. Please use the M1 timeframe.
You should optimize only two parameters: Seconds_to_move and TradePrice. It is sufficient to optimize Bobra Adept only once, for example, for a half year period. After that, Bobra Adept shows good results on a forward period (or backward in my case). This ca
SeventhMohammed5 is a unique indicator, which is a collection of 7 standard indicators: Bears Power, Bulls Power, Commodity Channel Index, Force Index, Moving Average of Oscillator, Accelerator Oscillator, Awesome Oscillator. Signals appear when the selected indicator crosses the zero level, upward crossover - an arrow up (a buy signal), downward crossover is - an arrow down (a sell signal). Signals from the higher timeframe are displayed as a large arrow in the upper right corner. It is recomme
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
FULL Automatic is a fully autonomous trading robot for MetaТrader 5 without configurable parameters.
It is designed 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 automatically. The robot does not open n
The Sane Reversal indicator is one of the leading oscillators. The signals are generated early, unlike in other indicators which give the signal after the price goes far away in either direction. The indicator displays the price reversals using arrows with high accuracy. The arrows appear on the zero bar and do not flicker of disappear regardless of the market volatility, which allows to trade effectively with short stop losses:
the Buy signal - white arrow on the bar Low,the Sell signal - red
Ermou Street rather than an expert or an indicator is a all-in-one trading assistant easing your trading sessions by providing signals and notifications. It's an assistant rather than a robot - "an assisted steering rather than an autopilot", and now, it autoadjusts itself to any instrument, any timeframe & any circumstance.
First, you should watch the video. Then here's some explanation:
By default, attaching Ermou Street to a chart, you’ll get:
A panel Signals: buy (default b
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
Scalper with Automatic Parameter Setting
Would you like to have an Expert Advisor that could automatically calculate trade parameters and adjust to the current market situation?
We present you our new development for the Forex market. This is a tick scalper for МТ4 and МТ5 - TickSniper.
Trading with it is fully automated. Forget continuous monitoring - this Expert Advisor trades independently. Its settings have been optimized over the course of testing on our real accounts.
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
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
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
Fast Copy MT5 allows you to copy trades between different MetaTrader 5 (netting)(hedge) and MetaTrader 4 accounts in any direction and amount, quickly and easily (without loading the system).
Any type of copying is available
MT4 → MT5 MT4 → MT4 MT5 → MT5 MT5 → MT4
* For the MetaTrader 4 terminal — Fast Copy MT4
* For the MetaTrader 5 terminal — Fast Copy MT5
** Before the purchase, you can test the program by downloading the free demo versions — Fast
The Pz Oscillator is a very smooth and responsive accelerometer which provides a lot of useful information and detects divergences automatically. It is a great trading confirmation and can be used to identify the trend direction and strength. It has been designed as a complement for our trading tools.
The oscillator plots two moving averages to display the trend direction. If the fast moving average is above the slow moving average, the market is during an uptrend and long trad
This script help user record the value of Moving Average and OHLC at the moment once deals happen.
The datas save as .CSV format file so you can quantitative analysis someone's trading.
Please input value of MA's parameters you like. It tells you the path of data file when script is stopped.
The Synchronized Charts script allows comparing bars of different symbols or different periods of the same symbol.
Attach the script to a chart and move bars or change the scale, all opened chart will move synchronously with the current one. The bars on different charts aligned to the border according to their open time.
This trading panel has been developed for fast and comfortable operation of the financial markets. It is equipped with the necessary functions for manual and semi-automated trading. Due to the presence of the order trailing feature, trailing stop and automatic closure by equity, profit, time. You can use it to automate your trading system. All you have to do is open a position and set the parameters for maintenance, everything else will be handled by the EA. If you want to limit your losses, set
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 marke
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