New article On the Long Way to Be a Successful Trader - The Two Very First Steps has been published:
Author: Andrea Bronzini
The trade strategy is based on three moving averages. To determine the trend, it uses three exponentially smoothed moving averages: FastEMA, MediumEMA and SlowEMA.
Buy signal: FastEMA>MediumEMA>SlowEMA (upward trend).Sell signal: FastEMA<MediumEMA<SlowEMA (downward trend).Input parameters:
Inp_Signal_ThreeEMA_FastPeriod = 8;Inp_Signal_ThreeEMA_MediumPeriod = 38;Inp_Signal_ThreeEMA_SlowPeriod = 48;Inp_Signal_ThreeEMA_StopLoss = 400;Inp_Signal_ThreeEMA_TakeProfit = 900;Inp_Money
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.
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 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 main purpose of the indicator is to determine and mark trade signals on the histogram of the Accelerator Oscillator, which were described by Bill Williams in his book "New Trading Dimensions". The list of signals:
The buy signal when the indicator histogram is below the zero line. The sell signal when the indicator histogram is below the zero line.The sell signal when the indicator histogram is above the zero line. The buy signal when the indicator histogram is above the zero line. The
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 indicator determines and marks the short-term lows and highs of the market on the chart according to Larry Williams` book "Long-term secrets to short-term trading".
"Any time there is a daily low with higher lows on both sides of it, that low will be a short-term low. We know this because a study of market action will show that prices descended in the low day, then failed to make a new low, and thus turned up, marking that ultimate low as a short-term point. A short-term market high is just
Trading Chaos Expert Lite is a light version of Trading Chaos Expert. In the Lite version it is not possible to receive the table of trading signals, automatically place pending orders based on them and maintain open positions for multiple symbols at the same time in one window. Only the Current Chart mode is available. In all other features the panel is fully consistent with the basic version of the Expert Advisor.
This is, rather, a well thought out trader's assistant which is not easy to do
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
qAutoActivation indicator is one of the main components of Trading Chaos Expert trading expert panel. The indicator displays the current trend on the current timeframe. This is the first indicator that is attached to the chart and saved in the trading complex template. It defines what trading signals from the expert panel should be automated for market entry (bullish or bearish ones).
When the trend changes, the indicator changes the line color and, at the same time, highlights the trading pane
ROMAN5 Bollinger Bands TrailingStop includes BreakEven facility. TrailingStop automatically moves the Stop Loss with the Bollinger Bands level. You can place ROMAN5 Bollinger Bands TrailingStop in any chart. It comes with an alert that will sound whenever a new signal appears. It also features an email facility. Your email address and SMTP Server settings should be specified in the settings window of the "Mailbox" tab in your MetaTrader 5.
Bollinger Bands Parameters:
BB Period - The averagin
Informer for VPS - report on the state of your account via e-mail. Useful for controlling your Expert Advisors that run on a VPS or a dedicated computer. Information about open positions and last deals for a day, week, month or year grouped by currency pairs.
Adjustable periodicity of reports and depth of deals included in the report. A possibility to add own comment to each report. You will receive reports on e-mail with specified periodicity: from 15 minutes to once a day. The reports are se
This is a panel for controlling the profit/loss in dollars, pips or % of balance. A new function for trailing profits has been implemented.
The panel can be used as a virtual Stop Loss or Take Profit.
It also features the emergency button - CLOSE ALL.
You can also try the full version of the VirtualTradePad for mt5 panel, as well as the Profit or Loss for mt4 panel
Other versions in this collection:
VirtualTradePad for mt5 Digit Market Time Pad Market Time Pad Scalper PadMain f
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
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
The Expert Advisor uses the strategy of trading the Fibonacci levels. As the basis for placing a grid, the EA uses the ZigZag indicator (included in the standard MetaTrader delivery).
First, the EA determines the trend direction. To do that, according to the Dow theory, it uses the last two Highs and last two Lows of the ZigZag.
If the last High is higher than the previous and the last Low is higher than the previous, the EA considers the trend to be ascending. If the last High is lower
IShift Lite is a lite version of IShift, and it doesn't include the tick chart.
IShift Lite allows:
perform trade operations directly from the depth of market with a "single touch"; automatically place Stop Loss and Take Profit; move position to breakeven; move Stop Loss along the price; automatically calculate the volume of an order depending on a fixed risk level or a fixed margin level.The program includes a visual help system.
Note: the demonstration version downloaded via the "Demo
Percent Crosshair is a powerful and easy percentage measure tool.
Measure the chart percentage very quick! Don't waste your time anymore!
Just attach the Percent Crosshair indicator in the chart, select crosshair mode at toolbars or press "Ctrl+F" and start using the crosshair as you always do! The percent measure will be next to the indicative price.
Customize your indicator the way you want!
There are 4 entry parameters:
Positive % color: set the desired color when % is positive. Negat
This is an utility for automatic scaling of a chart and making at least 140 bars visible in it. This is necessary for a correct wave analysis according to the Bill Williams' strategy "Trading Chaos". The utility can be used on any timeframe available in МetaТrader 5.
It draws a vertical line through the first bar the calculation starts from. This line allows you to see the probable starting point of the wave sequence along with a sufficient number of bars displayed in the chart. It also makes t
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the market in
This product is similar to Tick volume analizer Expert Advisor, however it is implemented as an indicator. Release of this product is stipulated by the fact, that it is not possible to run two EAs in the same window.
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, an
The indicator calculates the quantum frequencies using the current market data. The quantum frequencies are used in Spectrum analysis of automated trading systems to create quantum filters for selecting signals, i.e. skipping trades that are likely to be unprofitable.
How It Works
It analyses the trade results of automated trading system for each frequency (512 frequencies are used). Calculation of the frequency response to search for "profitable" and "unprofitable" f
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.
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
Times & Sales is a famous (and old!) trading tool. However, it is not present in MetaTrader 5 as a built-in tool.
DeltaTrader now presents this indicator for MetaTrader! It has the following characteristics:
Two flag modes: FOREX and EXCHANGE
FOREX: black color: last price = 1-Minute opening price / blue color: last price < 1-Minute opening price / green color: last price > 1-Minute opening price. EXCHANGE: black color: last price = between quotes / blue color: last price = bid price / gre
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 PZ Day Trading indicator detects reversals in a zig-zag fashion, without repainting or backpainting. Based on breakouts of variable lengths, the indicator uses only price action to pick trades and reacts to the market very fast. The positional accuracy of its signals offers huge opportunity for profits, easily up to 80% winners.
Amazingly easy to tradeChart statistics will help you to optimize your tradingIt works on every single timeframe without fine tuningThe indicator analyzes its own q
Fast Copy MT5 allows to copy trades between different MetaTrader 5 (netting)(hedge) and MetaTrader 4 accounts in any direction and amount, quickly and easily (without loading the system).
Any type of copying is available
MT5 —> MT5 MT5 —> MT4 MT4 —> MT5 MT4 —> MT4
* For any interaction with the MT4, it is necessary to additionally install Fast Copy MT4
One tool for sending and receiving transactions: [master] > [slave] operation mode can be selected in
The indicator plots horizontal support and resistance levels using grouping of extrema. The levels are displayed as lines whose color depends on how many times the level was a support or resistance line over the specified interval. You can also display counters for support, resistance and age of the level in text format. The age of the level indicates how many bars back the level had the most recent impact on the price (on the chart time frame as specified in the settings). Given the age of the
This is an extended version of Heiken Ashi indicator with the ability to average (smooth) the values for the specified period of bars and select the applied price: considering "Open price" or not. The description is provided in the parameters. Three screenshots are displayed below: standard version (1 bar), 3 bars and 5 bars.
МetaTrader 4 version: https://www.mql5.com/en/market/product/7326
Sure it's not so easy to identify the proper SL.
I use ATR values and/or donchian's channel but, as usual, it's never the only rule.
grazie per il commento ;)
I developed a simple system for identification of SL which I will describe in another article together with its indicator. Of course it does not offer 100% success... but having a systematic tool for placing SL is of great help in automated trading so it was one of my priorities to get it done :)
That's sounds interesting to see your way to set SL.
I'll wait more tips.
p.s. Commento doveroso visto che fino ad ora siamo gli unici due italiani che hanno pubblicato un articolo su mql4.
Se usi skype fatti sentire. CIAO
Good jobs pals! This is really great.
A lot of people think that trading forex is just trying to make money, without considering really what will happen if you fail to secure what you have made. I would like you to comment on the good strategies to adopt while scalping using the 5, 15 and 30 minutes chart window.
Tnx for your comment Tony.
Well, I'm really not a big fan of scalping cause I think it is "physiologically" dangerous on the Forex Market.
What I mean is that in live trading your plan of gaining i.e. 5 pips can be easily spoiled by a requote of the server.
I'll make you an example:
think you have in your hands the M5 chart of today (I mean actually all the bars that still have not come are already known to you) and you can open your orders knowing exactly every movement of the market.
Now, you want to get the most out of it and scalp on M5 to get profit from ALL the movements... after all you know them already, why you shoulndt get advantage of it? :)
When doing scalping in M5 it's fair to assume that your target are 5 to max 10 pips, right?
So now place your orders, chart in your hands, and let's see what happens.
Well... most likely many of your requests will be requoted, both in opening and closure of the trades and this will result in a disaster.
Remember you have 2 pips spread... add 2 pips requote on opening and 1 pip on closure and your 5 pips profit are gone already!!!
Do you get my point? :)
I think scalping works fine only on the strategy tester where no requote is applied and where transaction are made instantly. In the real world things are different.
One can overcome this with pending orders (which I consider a superior way of trading) and as a matter of fact if you set your openings and TP with a pending order you can be sure you'll get it right. Question is... without your magic chart of the future, do you have a system for scalping that gives you 5 pips of margin for placing a pending order? :)
You see that the question is still open.
Anyway, I strongly recommend not to trade on any timeframe lower than M15 cause this is the minimum for proper selection of SL. I hope I can explain this better in another article. Also movements on M15 are a bit wider and this will allow you coping with requotes most of the time.
Hope this short answer gave you some good idea :)
really nice article you wrote, and I appreciate very you took so much time to let us know, what is going on in your brains ;-)
I hope to find more articles from you in the future.
One question came to my mind, when I read that article: Isn't it, that you have to have a good idea, when and how you should place your order, before you can think about the S/L? In your example you showed the resistance level and then the last two bars, which seem to continue their increasement. But I think, the resistance level as shown in your example does not come very often - I rather think, this is a very rare situation, having such a beautiful resistance level. But the resistance level is very essential for defining the correct S/L. So I would say, it is very hard to define the correct S/L. So, this is true, obviously (making good E/As and defining S/Ls is definitely not easy ;-), but I really have a problem to put your thoughts into codelines for an EA.
So I really hope to read from you soon to clarify my little comprehension problem.
One question came to my mind, when I read that article: Isn't it, that
you have to have a good idea, when and how you should place your order,
before you can think about the S/L?
He he he... you raise a really good point but I dont feel like saying you are right.
As you read in my article I made of SL and MM kind of philosophy by now and when I trade I look for my openings with this in mind.
I know it may sound like a riddle because you wont read anything like this anywhere on the forums... there is a particular aproach which just pop into my head and I'm trying to make a sense of it :)
...the resistance level as shown in your
example does not come very often - I rather think, this is a very rare
situation, having such a beautiful resistance level. But the resistance
level is very essential for defining the correct S/L. So I would say,
it is very hard to define the correct S/L.
Yes, that example is remarkable... but I didnt chose it on purpose... it was just one of the first I found... so maybe it is not so rare case :)
However, placing your SL is definitely linked to S/R levels but they do not have to be so sharply defined to make it work.
I can guarantee that you can always find a good SL in a range of 70-150 pips. If you are lucky even less.
...and if you dont find it? well... easy, it means U'd be better not to trade :)
In fact if you find your optimum SL some 200 pips far then your moment is gone, it's simply to late to take that trade... dont you think?
Why on the earth you should use a smaller SL introducing the risk of losing the trade??? ...you should have opened your position earlier and since you didnt then you wait... another better chance will come. Forex is gonna be there for a long time.
Hope you get my point :)
I dont want to add more here, I'm working on this second article which is just about placing SL and coding an indicator/EA which recognize the proper SL level according latest price action. I didnt see anything like this around... so maybe it will be a bulshit or a big step ahead... I guess we'll see :)
HOW EVER THE REALITY tell me that fixed SL distance is better, you can see the top 3 EA of ATC 2008, also using same SL distance
Got your point but I'm damn curious to see how those EAs would be doing right now :)
You are basing your judgment on a reality which is 3 months long.
No need to add anything else.
Heve you ever thought that out of more 700 EA there are for sure some that fit the Market behavior for a short given time???
This doesnt mean they are better than others... they are only a lucky match to the current Market's conditions.
at least until it is proven that that kind of result can keep going for long long time.
However, this is not the point one should look at.
SL is seldom reason for which a strategy wins... but it can be reason for which a strategy loses!
SL comes handy only when the position is a loosing one... so if your strategy is so good that position always go in profit shortly you could use no SL at all. But we all know that there is no such strategy and that's why we have to keep using SL.
A good idea to check effect of fixed SL on ATC EAs would be to look among the loosing EA and see how many implements fixed SL or no SL and how many variable SL. I expect that you can find in percentage more EAs with variable SL among those in profit than among those in loss.
Anyway, successful EAs are those who can produce a constant profit on the long run, no matter how small/big it is.
When I trade I want to be able to gain profit continuously... not make money today and go bankrupt tomorrow.
That's why one thinks through what he is doing and tries to use some logic. Fixed SL has no logic at all.