D1 price is on primary bearish with secondary breakdown:
is on primary bullish with the secondary correction started in the middle of December last year.
is on bullish trend which was stopped by 121.84 resistance level.
If D1 price will break 1.1315 support level on close bar so the bearish breakdown will be continuing for whole the weekIf D1 price will break 1.1859 resistance level so we may see the market rally inside the primary bearishIf not so it will be the ranging between 1.1859 and 1.1315 levels
UPCOMING EVENTS (high/medium impacted news events which may be affected on EURUSD price movement for this coming week)
2015-01-26 09:00 GMT (or 11:00 MQ MT5 time) | [EUR - German Ifo Business Climate]
2015-01-27 13:30 GMT (or 15:30 MQ MT5 time) | [USD - Durable Goods Orders]
2015-01-27 15:00 GMT (or 17:00 MQ MT5 time) | [USD - New Home Sales]
2015-01-27 15:00 GMT (or 17:00 MQ MT5 time) | [USD - CB Consumer Confidence]
2015-01-28 19:00 GMT (or 21:00 MQ MT5 time) | [USD - Federal Funds Rate]
2015-01-29 08:55 GMT (or 10:55 MQ MT5 time) | [EUR - German Unemployment Change]
2015-01-29 13:30 GMT (or 15:30 MQ MT5 time) | [USD - Unemployment Claims]
2015-01-30 07:00 GMT (or 09:00 MQ MT5 time) | [EUR - German Retail Sales]
2015-01-30 08:00 GMT (or 10:00 MQ MT5 time) | [EUR - Spanish GDP]
2015-01-30 08:00 GMT (or 10:00 MQ MT5 time) | [EUR - Spanish CPI ]
2015-01-30 10:00 GMT (or 12:00 MQ MT5 time) | [EUR - CPI Flash Estimate]
2015-01-30 13:30 GMT (or 15:30 MQ MT5 time) | [USD - GDP]
Please note : some US (and CNY) high/medium impacted news events (incl speeches) are also affected on EURUSD price movement
SUMMARY : bearishTREND : breakdown
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
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
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
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
The Heiken Ashi indicator drawn using a tick chart. It draws synthetic candlesticks that contain a definite number of ticks.
option prices - price option. It can be Bid, Ask or (Ask+Bid)/2. the number of ticks to identify Bar - number of ticks that form candlesticks. price levels count - number of displayed price levels (no levels are displayed if set to 0 or a lower value). calculated bar - number of bars on the chart.Buffer indexes: 0 - OPEN, 1 - HIGH, 2 - LOW, 3 - CLOSE.
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
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
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
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
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
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
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
Pipfinite creates unique, high quality and affordable trading tools.
Our tools may or may not work for you, so we strongly suggest to try the Demo Version for MT4 first. Please test the indicator prior to purchasing to determine if it works for you.
We want your good reviews, so hurry up and test it for free...we hope you will find it useful.
Breakout Analyzer with Volume Critical
Strategy: Enter confirmed reversal setups Watch Video: (Click Here)Breakout Analyzer with Strength
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
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.
Method MA - select the type of moving average to be displayed in the current graph. Period slow MA - the number
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
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
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.
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
The indicator represents an additional chart window with a lower time frame where bars are combined into groups that are equivalent in time to main chart time frame. Bars are synchronized by the right hand side of the window, i.e. the time of the last bar in the main window corresponds to the time of the last bar group in the additional window. The maximum number of groups is 16; the maximum number of bars combined into groups in the additional window is 256. Limitations on the numbers are requi
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
Averager is intended for averaging your deals that has had a drawdown or had gone against the trend.
An example of operation of the averager in an Exeprt Advisor in the MetaTrader 5 terminal: Exp - TickSniper. The system is identical to the averaging system created for MetaTrader 4. A demo version of the averager for MetaTrader 5: Averager DEMO.Note: this is not an automated trading system (the EA doesn't work in the strategy tester). It monitors your deals and averages them in case o
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:
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
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 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.
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
The Trade Manager Pro EA is a MetaTrader Expert Advisor that performs position management for you avoiding human errors and enhancing your trading activity.
Amazingly easy to use Trade easily from the chart Trade with precise risk management, hassle free Capital preservation is top priority Let profits run without your attention Enjoy risk-free trades as soon as possible Automatic trailing stops for all opened trades Initial stop losses are placed as soon as trades are
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
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
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2015.01.24 13:51
Forex Weekly Outlook January 26-30 (based on forexcrunch article)
Greek Parliamentary Election; German Ifo Business Climate; UK GDP
data; US Durable Goods Orders; US CB Consumer Confidence; US housing
data; Rate decision in the US and in New Zealand; US Unemployment
Claims; GDP data in Canada and the US. These are the most important
economic releases for this week. Follow along as we explore these Forex
Last week’s central event was Draghi’s announcement of an extensive
bond-buying program which will insert hundreds of billions in new money
into the sluggish euro zone economy. The European Central Bank said it
would buy sovereign debt from March till September 2016. Germany opposed
this move, saying it will aid countries in debt to loosen economic
reforms. The ECB plans to add more than 1 trillion euros by September
2016, to boost the Euro-area economy and fight deflation. However, since
only 20% of purchases would be the responsibility of the ECB, critics
warn that in case a euro zone government defaults, it would fall on
national central banks, getting weak countries deeper in debt. Draghi
said the QE could create the basis for growth, but the main
responsibility lays on governments to implement structural reforms to
sustain growth. Will this move help revive the Eurozone economy?
newdigital, 2015.01.26 13:33
EUR/USD – Elliot Wave analysis suggests first target reached says Goldman Sachs (based on forexlive article)
newdigital, 2015.01.24 17:54
NASDAQ forecast for the week of January 26, 2015, Technical Analysis
The NASDAQ as you can
see broke higher during the course of the week, but did not manage to
break above the 4800 level yet. This is an area that needs to be cleared
in order for us to serve buying from a longer-term perspective, but we
do anticipate that will happen. If we can get above 4800, we don’t see
any reason whatsoever why the market will then head to the 5000 level.
Pullbacks should continue to be buying opportunities as we believe that
the 4600 level below is massively supportive.
newdigital, 2015.01.27 05:48
EUR/USD Rallies to 1.1250 Following Greek Vote (based on marketpulse article)
The euro rebounded on Monday as investors took advantage of steep
losses sustained during two days of dramatic selling, with the final
push down to a fresh 11-year low coming after elections in Greece put an
anti-austerity government in power.
Following the outcome of Sunday’s vote, the euro hit its lowest
against the U.S. dollar since September 2003 at $1.1098 in Asian
trading, according to the EBS trading platform EUR=EBS. Greece elected,
as expected, left-wing leader Alexis Tsipras of the anti-bailout Syriza
Tsipras’s party won 149 seats in the 300-seat Greek parliament,
setting Athens on a collision course with international lenders and
potentially threatening its place in the euro.
newdigital, 2015.01.27 10:40
Another Big Week Points to Major Currency Moves - How Might we Trade? (based on dailyfx article)
newdigital, 2015.01.28 06:03
Good Artists Copy, Great Artists Steal: A 3-Month Outlook On EURUSD (based on seekingalpha article)
During a multi-part PBS television program "Triumph of
the Nerds: The Rise of Accidental Empires", which premiered in 1996,
Steve Jobs mentioned the saying which he attributed to Pablo Picasso:
newdigital, 2015.01.28 10:44
AUDIO - Currency Perspectives with Reggie Ringgold
The Euro showed a little strength, while the dollar took a breather! Reggie Ringgold
joins Power Trading Radio to offer his thoughts on the trend for both
of these currencies and much more. The duo take a look at how the recent
Greek elections may impact the Euro going forward and possibly global
newdigital, 2015.01.28 17:16
US Dollar May Fall as FOMC Fails to Fuel Interest Rate Hike Bets (based on dailyfx article)
A quiet economic calendar in European trading hours
is likely to see traders looking ahead to the US session for direction
cues, with the spotlight pointing firmly to the outcome of the FOMC monetary policy meeting.
Janet Yellen and company introduced a much-discussed change to the
language of the policy statement at December’s sit-down, swapping out a
pledge to hold rates low for a “considerable time” after the end of QE3
and replacing it with another promising to be “patient” before
tightening. It seems unlikely that the cautiously slow-moving US central
bank will opt to tinker with policy again so soon after making an
adjustment, meaning today’s announcement will probably stick closely to
the status quo.
newdigital, 2015.01.28 20:30
if actual > forecast (or actual data) = good for currency (for USD in our case)
[USD - Federal Funds Rate] = Interest rate at which depository institutions lend balances held at the
Federal Reserve to other depository institutions overnight. Short term interest rates are the paramount factor in currency valuation
- traders look at most other indicators merely to predict how rates
will change in the future.
=========="To support continued progress toward maximum employment and price
stability, the Committee today reaffirmed its view that a highly
accommodative stance of monetary policy will remain appropriate for a
considerable time after the asset purchase program ends and the economic
recovery strengthens. The Committee also reaffirmed its expectation
that the current exceptionally low target range for the federal funds
rate of 0 to 1/4 percent will be appropriate at least as long as the
unemployment rate remains above 6-1/2 percent, inflation between one and
two years ahead is projected to be no more than a half percentage point
above the Committee's 2 percent longer-run goal, and longer-term
inflation expectations continue to be well anchored. In determining how
long to maintain a highly accommodative stance of monetary policy, the
Committee will also consider other information, including additional
measures of labor market conditions, indicators of inflation pressures
and inflation expectations, and readings on financial developments. The
Committee continues to anticipate, based on its assessment of these
factors, that it likely will be appropriate to maintain the current
target range for the federal funds rate well past the time that the
unemployment rate declines below 6-1/2 percent, especially if projected
inflation continues to run below the Committee's 2 percent longer-run
goal. When the Committee decides to begin to remove policy
accommodation, it will take a balanced approach consistent with its
longer-run goals of maximum employment and inflation of 2 percent."
MetaTrader Trading Platform Screenshots
EURUSD, M5, 2015.01.28
MetaQuotes Software Corp., MetaTrader 5
EURUSD M5: 42 pips price movement by USD - Federal Funds Rate news event
newdigital, 2015.01.29 06:11
EURUSD takes a look below the 100 hour MA. USDJPY also moving lower. Stocks falling (based on forexlive article)
The EURUSD has dipped below the 100 hour MA as traders debate more
hawkish or more dovish. The RBNZ statement which was decidedly more
bearish, may have also attracted some sympathy selling in the EURUSD in
the process, but that is just an observation, not a statement of fact.
The 100 hour MA held support in early NY trading. The current level
comes in at 112.90. The low extended to 112.81. IF the price is to go
lower, traders will want to see further momentum soon. If not expect
consolidation into the early Asian trading as traders reassess.
Meanwhile, the USDJPY is moving lower as well, as stocks move to lows
for the day and flows lead into the JPY. The pair is moving toward the
117.17 support floor. The pair has been finding dip buyers against the
117.17-32 area over the last 7 or so trading days with quick
reactionary buys. Those looking for the dip to buy, this is your area
to lean against judging from the recent history. However, be careful on
a break. There should be some stops below the low.