D1 price is on ranging market condition with primary bullish:
is on primary bearish with secondary ranging between 1131.75 support and 1238.21 resistance levels.
is on bearish with ranging between 1131.75 support and 1345.34 resistance levels.
If D1 price will break 1170.64
support level so the primary bearish will be startedIf D1 price will break 1224.12 resistance level so we may see the bullish without secondary rangingIf not so it will be the ranging within the bullish market condition.
UPCOMING EVENTS (high/medium impacted news events which may be affected on XAUUSD price movement for this coming week)
2014-12-30 15:00 GMT (or 17:00 MQ MT5 time) | [USD - CB Consumer Confidence]
2014-12-31 01:45 GMT (or 03:45 MQ MT5 time) | [CNY - HSBC Manufacturing PMI]
2014-12-31 13:30 GMT (or 15:30 MQ MT5 time) | [USD - Unemployment Claims]
2015-01-01 01:00 GMT (or 03:00 MQ MT5 time) | [CNY - Manufacturing PMI]
2015-01-02 15:00 GMT (or 17:00 MQ MT5 time) | [USD - ISM Manufacturing PMI]
Please note : some US (and CNY) high/medium impacted news events (incl speeches) are also affected on XAUUSD price movement
SUMMARY : bullish
The Expert Advisor uses the principle of price rollback with a strong initial move. Does not use Martingale. The EA tries to close losing trades through the profit of previous deals. If there are other open trades on the account or you trade manually, the EA will close these trades once they reach profit. Its operation is more confident when there are two or three more instances working in parallel on other currency pairs. It only works with currency pairs having USD. Timeframe is not important
This is a half scalping system that analyzes the market using a transmission function. The system can be scalping or not depending on the "takeprofit" and "stoploss" parameters.
This Expert Advisor is intended for trading on EURUSD, however it can work on other currency pairs. You should use timeframe M1 for trading.
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
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
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 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 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
This indicator builds divergence/convergence for any selected indicator.
You can add your own indicator with its custom settings to the code for free.
The indicator has two basic line drawing methods (**):
Peak search on fractals without waiting the closure of the wave (MODE = each_bar_peak)Wave search for peaks after crossing the "ZERO line" of the indicator (e.g., "zero line" for RSI = 50.0) (MODE = WAVE_bar_peak)Basic settings include 21 standard indicators included in MT5 terminal, to whi
This indicator provides tick volume delta analysis on M1 timeframe. It monitors up and down ticks and sums them up as separate volumes for buys and sells, as well as their delta volumes, and volume clusters on price scale within a specified number of bars. This indicator is similar to VolumeDeltaMT5, which uses almost the same algorithms but does not process ticks and therefore cannot work on M1. This is the reason for VolumeDeltaM1 to exist. On the other hand, VolumeDeltaMT5 can show its signal
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
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
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
Robust median Renko style indicator for creating custom charts resembling Median Renko, Mean Renko, Turbo Renko and Better Renko candles as well as vanilla Renko with wicks plus PointO charts. This all in one package provides all of the signals needed by day traders, scalpers and even long term traders.
The indicator is an overlay on the main chart so it is possible to utilize one-click trading and order manipulation directly on the custom charts. Visual order placement is a
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
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
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 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
This Indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With only ONE chart you can read Currency Strength for 28 Forex pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity?
USER MANUAL: click here
Arrows in sub-window to show strong currency momentum GAP will guide your trading! Warning signs
Support and Resistance are the important price levels to watch out during intraday market. These price levels are often tested before development of new trend or often stop the existing trend causing trend reversal at this point. Highly precise support and resistance are indispensable for experienced traders. Many typical trading strategies like breakout or trend reversal can be played well around these support and resistance levels. The Precision Support and Resistance are highly accurate suppo
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
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
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
Murray's levels are the most popular support and resistance levels among professional traders. With them, you can easily determine where the price is consolidating and where there is a breakdown of this consolidation. 13 levels have a special role in the price passage. Before you start trading with the help of Murray's levels, be sure to read what these works are based on.
NumBars - number of bars for calculation of the levels (default value - 64, professionals use 200) BackBars
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 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.
New and Unique for MetaTrader 5
Timing will give you perfect validations for your entry signals. It is the first
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
PZ Lopez Impulse indicator evaluates volatility and price directionality simultaneously. It is an extremely easy to use indicator.
The blue histogram represents the bullish impulse The red histogram represents the bearish impulse The gray histogram represents the current volatility The moving average is the average volatilityThe trading implications are straightforward.
You can buy when the bullish impulse exceeds the average volatility (blue histogram > moving average) You can sell wh
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
This indicator has been created by a former hedge-fund employee and it automatically identifies when a divergence occurs between price and an oscillator. It can identify both bull and bear divergence and it is pre-loaded with four of the most popular oscillators. You can choose from RSI, MACD, Stochastics and CCI.
Remember: When a divergence occurs, it means that price and momentum are not in agreement. And divergence signals are widely used by institutional traders to identify potential revers
This is a special edition of the On-Balance Volume indicator based on pseudo-real volumes emulated from tick volumes. It calculates a near to real estimation of trade volumes distribution for Forex instruments (where only tick volumes are available) and then applies conventional OBV formula to them.
Volumes are calculated by the same algorithm used in the indicator TrueVolumeSurrogate. The indicator itself is not required but can be used for reference.
OnBalanceVolumeSurrogate is also availabl
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2014.12.26 19:33
We end 2014 with US CB Consumer Confidence and Unemployment Claims
and open 2015 with US ISM Manufacturing PMI. Join our weekly outlook
with the main market movers to impact Forex trading. Happy 2015!
Last week, the final revision to US GDP in Q3 came out better than
expected, crossing the 4% growth rate for the second consecutive
quarter. US economy expanded 5% between July and September, beating the
preliminary estimate of 3.9% and the median forecast of 4.3%. The
strong expansion indicates the US economy will close 2014 on a strong
note. More positive data was released from the US labor market with a
continued decline in the number of initial unemployment claims, noting
the US job market continues to improve with increased hiring and fewer
dismissals. Will the US economy continue to expand in 2015?
newdigital, 2014.12.27 11:59
Gold Price 2015: Forecasts And Predictions
The key theme on the gold price chart are the two trading ranges since
gold’s all time highs. One trading range started end of 2011 and lasted
till early 2013, the second one is still in play. In technical terms,
both trading ranges took the form of a descending triangle.Earlier this year, gold analyst Ronald-Peter Stoeferle released its gold
price model for 2015 and beyond. Based on weighted probabilities, his
model shows a long-term gold price of USD 1,515 per ounce. The
distribution of gold price expectations remains positively skewed as
evidenced by the following chart. Therefore, should there be a deviation
from the currently widely expected path towards stabilization of the
central banks’ balance sheet, significant upside potential for the gold
price would result.
newdigital, 2014.12.29 19:21
Gold Lower as Markets Digest Greek Vote (based on foxbusiness article)
Gold edged lower on Monday, giving up some of the previous session's
sharp short-covering gains, but uncertainty over the prospect of fresh
elections in Greece kept the metal underpinned near $1,200 an ounce.
European shares and periphery euro zone bonds tumbled after the Greek
parliament rejected the government's presidential candidate, setting
the stage for an election that the anti bailout Syriza could win.
Spot gold was down 0.2 percent at $1,192.50 an ounce by 1415 GMT,
after a gain of 1.8 percent on Friday, when it had touched $1,199, its
highest since Dec. 22 and its biggest one-day jump in 2-1/2 weeks.
Bullion's rise came in thin market conditions due to the Christmas
and year-end holidays and it was unclear whether the last session's
gains would be maintained when trading picked up again.
"Friday's sharp move was a typical non liquidity move, so naturally
enough it gives back a bit today," Saxo Bank's head of commodity
research Ole Hansen said. "We are less than 1 percent away from where we
finished a year ago, and I do not think we will sway much away from
"(The news from Athens) raises the risk of Grexit (Greek euro exit)
once again - not the best climate for Europe to begin the new year," he
added. "That could provide some support, although we need traders
willing to put on risk and they are currently missing."
U.S. gold futures for December delivery were down $2.20 an ounce at $1,193.10.
Bearish sentiment in the bullion market was evident in SPDR Gold
Trust, the world's largest gold-backed exchange-traded fund. The fund's
holdings fell 0.08 percent to 712.30 tonnes on Friday, a six-year low.
Demand for the metal was soft overnight in Asia, the primary market for physical gold dealing.
"The premium on the Shanghai Gold Exchange was rather uninspiring,
trading between par and $1 above spot for most of the day," MKS said in a
newdigital, 2014.12.27 12:03
Gold rebound coming in 2015: George Gero during a CNBC interview for “Futures Now” (based on cnbc article)
According to George Gero of RBC Capital Markets, gold is set to
reverse its trend in 2015. During a CNBC interview for “Futures Now” he
observed: “The decline from the $1,900s down to the $1,150s is a major
decline, and it was reflected by all the funds fleeing gold and running
into better-performing assets, whether it’s equities or debt, and that’s
been continuing. In 2014, gold hasn’t been helped by the dollar’s
rally. The greenback has shown serious strength against other
currencies, which has reduced gold’s attractiveness. After all, since
gold is priced in dollars, an increase in the value of a dollar means a
decrease in the value of an ounce of gold. Additionally, since people
buy gold to hedge against potential inflation, ebbing inflation fears
dull gold’s appeal.”
newdigital, 2014.12.30 06:12
Gold and Silver Prices in 2015 (based on moneymorning article)
Precious metals haven't grabbed dramatic headlines like oil and gas have.
But their story is no less exiting. And the metals remain a
fundamentally critical part of the global economic and strategic
Indeed, gold and silver took roller coaster-like rides throughout the
year, both screeching towards their respective price lows before
bouncing, albeit cautiously, ahead.
With the benefit of hindsight and the value of foresight, it's time
to look at how gold and silver acted in 2014, and what we can do to
profit in 2015.
As you follow along with the graph, note that gold started out with a
bang, bottoming around $1,195 December 19, 2013, then surging upward
12% to $1,390 by mid-March. It then headed back to the $1,300 level, and
meandered sideways between $1,250 and $1,350 until mid-year.
The U.S. dollar
began a strong climb from July onwards, likely in anticipation of the
Fed ending its asset purchase program in October, as it ultimately did.
By November the SPDR Gold Trust ETF, the largest gold ETF, saw its gold holdings at six-year lows. Gold had become almost universally hated, which may well have marked the bottom.
And then it embarked on a new rise…
One of the biggest positives is how gold held up over the recent months: as oil prices plunged 27% from early November into mid-December, gold climbed by 7%.
newdigital, 2014.12.31 05:47
Gold Climbs Above $1,200; Silver Rises (based on blogs.barrons article)
Gold finished higher Tuesday after notching small losses the day before.
Gold for February delivery rose 1.6% to $1,200.40. Silver for March delivery rose 3.2% to $16.28.
Concerns about Greece’s fast-approaching elections amid a looming deadline related to the country’s debt bailout were helping gold, along with weakness in the U.S. dollar.
However, while gold is up for the week, it will still need to rise at least 0.2% tomorrow to not end 2014 in the red.
newdigital, 2015.01.02 10:06
Gold continues to shine as the best safe haven (based on smh.com.au article)
Gold has retained its status as a safe-haven investment, despite the
rising strength of the US dollar and turmoil elsewhere in commodity
The price has remained stable in 2014 and what's more,
experts believe that the long-term outlook for the precious metal is
well supported over the coming year. The price of gold ended 2014 almost
unchanged on 12 months ago, closing on Wednesday at around $US1,184
($1,449.48) an ounce after starting the year at $US1,205. Fears of a
crash in the price were overblown.
Goldman Sachs has now set its long-term forecast for the
price of the yellow metal at $US1,200 an ounce for the next three years.
The investment bank estimates that this is the break-even
price for the majority of gold miners once all costs such as
exploration, management and mine repairs are included.
As such, the price of gold may well fall below $US1,200 in the year
ahead, but lower prices would force loss-making miners out of business
and reduce supply, helping prices to recover eventually.
Mark Bristow, chief executive of FTSE 100 miner Randgold
Resources, has said: "The [gold-mining] industry is clearly stuffed at
$US1,140 and it will be a bloodbath at $US1,000."
Hunter Hillcoat, from broker Investec's natural resources
team, has set a price forecast of $US1,150 an ounce for next year. The
Investec team sees a resurgence in the US dollar, rising interest rates
and falling inflation as challenges for the year ahead.
The price of gold has an inverse relationship with the
world's reserve currency, the US dollar. A fundamental shift in American
monetary policy last year has removed the main driving factor behind
the price of gold during the past decade.
As the price of gold has fallen from a peak of $US1,900 in
May 2011, investors have reduced their exposure. Holdings in gold
exchange-traded funds, which allow investors to buy shares in a fund
that tracks the gold price, have fallen in the past 12 months.
Something Interesting in Financial Video January 2015
newdigital, 2015.01.03 07:47
Jim Rogers 2015 Forecast Buy Gold , Bull Market will come