H4 price is on bearish market condition with flat after good breakdown of the price movement:
D1 price is on primary bearish for trying to break 1.1183 (D1) support level for the bearish to be continuing:
is on secondary flat within the primary bearish
is on bearish breakout with 1.1097 (В1) support level
If D1 price will break 1.1183 support level on close bar so the primary bearish market condition will be continuingIf D1 price will break 1.1449 resistance level so we may see the secondary market rally with the possibility to the reversal of the price movement from bearish to the bullish conditionIf not so it will be bearish ranging between 1251.80 and 1306.82 levels
UPCOMING EVENTS (high/medium impacted news events which may be affected on EURUSD price movement for this coming week)
2015-03-02 01:45 GMT (or 03:45 MQ MT5 time) | [CNY - HSBC Manufacturing PMI]
2015-03-02 08:15 GMT (or 10:15 MQ MT5 time) | [EUR - Spanish Manufacturing PMI]
2015-03-02 10:00 GMT (or 12:00 MQ MT5 time) | [EUR - CPI Flash Estimate]
2015-03-02 15:00 GMT (or 17:00 MQ MT5 time) | [USD - ISM Manufacturing PMI]
2015-03-03 08:00 GMT (or 10:00 MQ MT5 time) | [EUR - Spanish Unemployment Change]
2015-03-04 01:15 GMT (or 03:15 MQ MT5 time) | [USD - Fed Chair Yellen Speech]
2015-03-05 12:45 GMT (or 14:45 MQ MT5 time) | [EUR - Minimum Bid Rate]
2015-03-06 13:30 GMT (or 15:30 MQ MT5 time) | [USD - Trade Balance]
2015-03-06 13:30 GMT (or 15:30 MQ MT5 time) | [USD - Non-Farm Employment Change]
Please note : some US (and CNY) high/medium impacted news events (incl speeches) are also affected on EURUSD price movement
SUMMARY : bearishTREND : ranging
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 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 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
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
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
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
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
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
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 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
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
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
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 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.
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 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
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
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
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
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
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
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
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
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
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 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 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
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:
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 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
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2015.02.27 17:25
Forex Weekly Outlook Mar. 2-6 (based on forexcrunch article)
The euro was the loser in week that saw the dollar retreat and make a
comeback. The first week of the new month is packed: rate decisions in
Australia, Canada, the UK and the euro-zone, GDP data from Canada and
Australia and a full buildup to the US Non-Farm Payrolls. These are the
main market movers on FX Calendar. Join us as we explore the highlights
of this week.
Janet Yellen managed to send mixed signals and was analyzed as dovish.
However, was she preparing us for the removal of forward guidance? Her
colleague Bullard was quite bullish. US data came out mixed: jobless
claims rose to 313,000, and CPI declined 0.7% due to continued slide in
oil prices, while Core CPI surprised with a 0.2% rise and maintained a
stable 1.6% y/y figure. The latter number trumped the others and allowed
the dollar to make a comeback. In the euro-zone, the Greek list was
approved and the crisis is off for now. Data has been somewhat upbeat.
UK GDP remained supportive of the pound while in Australia, speculation
mounts about an RBA cut. We’ll get lots of answers now.
newdigital, 2015.02.28 16:51
EUR/USD forecast for the week of March 2, 2015, Technical Analysis
The EUR/USD pair
fell hard during the course of the week, closing towards the bottom of
the range. That being the case, looks as if the EUR/USD pair will
probably fall from there, heading to the 1.11 handle next, and then the
1.10 level. Any rally this point time should be a nice selling
opportunity and we believe that the 1.15 level is massively resistive.
We like rallies the show signs of resistance, as it offers value in the
US dollar. If we break down below the 1.10 level, this market could very
well fall to the parity level next.
newdigital, 2015.03.03 05:11
EUR/USD Drops Below 1.12 (based on marketpulse article)
he dollar edged up on Monday, with an index that tracks the greenback
against major currencies touching an 11-year peak even after soft
The euro, which is off nearly 10 percent in the last three months,
had been up by as much as a third of a percent against the dollar on
Monday but surrendered gains and last traded flat at $1.1192.
The yen went through 120 against the dollar for the first time since
Feb. 12. The dollar was last up 0.50 percent to 120.09 yen, marking a
three-week high for the dollar against the yen. The dollar index was
last up 0.14 percent at 95.427 after earlier going as high as 95.514,
its highest since September 2003.
newdigital, 2015.03.04 09:08
Euro Exchange Rate: EURGBP and EURUSD Weakness Forecast to Resume
Eurozone inflation rebounded in February
with the annual cost of living standing at -0.3%, up from -0.6% in
January, the EU statistics agency Eurostat said in preliminary data.
Markets had expected a reading of -0.5%; the positive surprise got the shared currency off to a strong start.
Any upside surprises in Eurozone data will have notable impacts on
the EUR owing to the massive amount of negative bets currently placed
against the currency.
Contrast this to the pound sterling which hardly moved in response to March’s positive Manufacturing data.
It will take blow-out positive data surprises to shift the GBP
precisely because the market is so massively aligned behind the
Dennis de Jong, managing director at UFX.com, comments on the EU deflation numbers:
“Mario Draghi would have had his fingers crossed before the consumer
price index figures were released this morning, and though the results
were better than expected, the outlook for Europe is still precarious.
“At least Draghi isn’t alone in fighting deflation. Of the 28
countries in the EU, 23 are officially in deflation and the UK looks
likely to make it 24 in a few weeks’ time. Having already embarked on a
massive bond buying programme, and with interest rates already at
historic lows in many member countries, it’s difficult to see how Draghi
and Co. will be able to escape deflation anytime soon.”
newdigital, 2015.03.06 13:13
EUR/USD slips close to 11-1/2 year lows on Draghi remarks
On Thursday, Draghi confirmed that the ECB will begin purchasing
euro zone government bonds on March 9 under its new quantitative
The combined asset purchases will amount to €60 billion per
month and are expected to run until September 2016, or until the
ECB sees that inflation is on a "sustained path" to its target of
close to, but below, 2% in the medium term.
In addition, the ECB raised its growth forecast for this year to
1.5% from 1.0% previously, followed by faster growth in 2016 and
But it cut its inflation forecast for 2015, saying it now
expects inflation to be flat, down from 0.7% previously. It then
expects inflation to increase to 1.5% in 2016, up from 1.3% and
1.8% in 2017.
Meanwhile, sentiment on the dollar remained fragile after data
on Thursday showed that the number of Americans who filed for
unemployment assistance rose by 7,000 to 320,000 last week from the
previous week's total of 313,000.
The euro was also lower against the pound, with EUR/GBP edging
down 0.10% to 0.7229.
Later in the day, the U.S. was to release the closely watched
government report on nonfarm payrolls, the unemployment rate and