is on bearish breakdown for breaking trendline and 1.0838 support level
is on bearish breakdown as well with trying to break 1.1097 support level on open MN1 bar
If D1 price will break 1.0494 support level on close D1 bar so the primary bearish breakdown will be continuing (good to open sell trade for example)If D1 price will break 1.1217
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 market conditionIf not so it will be bearish ranging between 1.0494 and 1.1217 levels
UPCOMING EVENTS (high/medium impacted news events which may be affected on EURUSD price movement for this coming week)
2015-03-16 12:30 GMT (or 14:30 MQ MT5 time) | [USD - Empire State Manufacturing Index]
2015-03-16 18:45 GMT (or 20:45 MQ MT5 time) | [EUR - ECB President Draghi Speech]
2015-03-17 10:00 GMT (or 12:00 MQ MT5 time) | [EUR - German ZEW Economic Sentiment]
2015-03-17 12:30 GMT (or 14:30 MQ MT5 time) | [USD - Building Permits]
2015-03-18 10:00 GMT (or 12:00 MQ MT5 time) | [EUR - Trade Balance]
2015-03-18 18:00 GMT (or 20:00 MQ MT5 time) | [USD - Federal Funds Rate]
2015-03-18 18:30 GMT (or 20:30 MQ MT5 time) | [USD - FOMC Press Conference]
2015-03-19 10:15 GMT (or 12:15 MQ MT5 time) | [EUR - ECB Long Term Refinancing Option (LTRO)]
2015-03-19 12:30 GMT (or 14:30 MQ MT5 time) | [USD - Unemployment Claims]
2015-03-19 14:00 GMT (or 16:00 MQ MT5 time) | [USD - Philly Fed Manufacturing Index]
2015-03-20 09:00 GMT (or 11:00 MQ MT5 time) | [EUR - Current Account]
2015-03-20 14:20 GMT (or 16:20 MQ MT5 time) | [USD - FOMC Member Lockhart Speaks]
Please note : some US (and CNY) high/medium impacted news events (incl speeches) are also affected on EURUSD price movement
SUMMARY : bearishTREND : breakdown
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 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:
This indicator allows you to enjoy the two most popular products for analyzing request volumes and market deals at a favorable price:
Actual Depth of Market Chart Actual Tick Footprint Volume ChartThis product combines the power of both indicators and is provided as a single file.
The functionality of Actual COMBO Depth of Market AND Tick Volume Chart is fully identical to the original indicators. You will enjoy the power of these two products combined into the single super-indicator!
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
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
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
If you want something as below:
Sell FOREX trading signal. Manage multiple accounts. Follow the trading from somebody."TradeCopier_follow" and "TradeCopier_source" can help you!
Copying from one source (master) account to multiple follower (slave) accounts. Allow investor (read only) password for the source (master) account. There are no complicated settings and input parameters, everything is easy. Works with different Brokers. Works with different symbols (EURUSD_FX, e
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 main purpose of the indicator is to detect and mark on a chart the following trade signals described in "New Trading Dimensions":
Bullish and bearish reverse bars with angulation (including squat). Bars in the green and red zones according to the histogram color of Awesome Oscillator and Accelerator Oscillator. Bars in the grey zone, when the Awesome Oscillator and Accelerator Oscillator histograms below these bars have opposite directions. Blue squat bars on chart independent of the
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 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 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
PipTick VWAP is our version of Volume-Weighted Average Price indicator. VWAP is the ratio between the value traded (price multiplied by number of volume traded) and total volume traded over a specific time period. It measures the average price of the instrument much better than the simple moving average. Although there are many ways how to use the VWAP, most investors use it to calculate the daily average.
The indicator works in five modes:
Moving - In this mode the PipTick WVAP works as Mov
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
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
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
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
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
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
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
Rampage EA is a fully automated scalping Expert Advisor based on price level breakthroughs.
The EA does NOT use hedging, martingale, grid strategies, arbitrage, etc.
Rampage EA 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. A profit is fixed by the dynamic stepwise algorithm allowing the EA to take a maximum profit. The robot analyzes the market
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 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.
Main Pivots is an indicator which looks for pivots points on preset intervals (days, weeks, months, years, etc.). Then all extreme points are checked for splice and consistent support and resistance lines are formed. These lines are useful for detecting the best pivot points.
It finds a pair of pivot lines for each interval which correspond to Low (support line) and High (resistance line) of the price movement on the interval. Difference between these lines represemt the price movement for the
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
The EASIEST way to manage your risk for each trade!
Add the indicator to your chart, configure a risk percentage (of account equity) Enter the number of pips for your stop loss into the text entry field that appears on the chart The position size to take will automatically be updatedThe product features two modes - a compact mode which allows entry of stop loss pips and shows the resulting lot size based on the percent risk setting, as well as an expanded mode that also shows
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
If you want something as below:
Sell FOREX trading signal. Manage multiple accounts. Follow somebody's trading."TradeCopier_source" and "TradeCopier_follow" can help you!
Copying from one source (master) account to multiple follower (slave) accounts. Allow investor (read only) password for the source (master) account. There are no complicated settings and input parameters, everything is easy. Works with different Brokers. Works with different symbols (EURUSD_FX, eurusd_m
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
Thanks for the update about EUR USD forecasting and news events. This is really helpful for the traders.
Thanks & Rgds, Pankaj
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2015.03.14 11:19
The dollar stormed the board, with the euro and the pound standing out as the biggest losers. The Fed decision is the key event in a week that also features rate decision in Japan and Switzerland, employment data from the UK and the US and many more. These are the major events on FX calendar. Join us as we check on the highlights of this week.
The US job market demonstrated renewed strength with a 36,000 fall in the number of jobless claims, reaching 289,000. However, retail sales disappointed, dropping 0.6% in February as harsh weather reduced sales and affected growth in the first quarter. Also consumer confidence slipped. Will the US economy shake off winter slowdown? For the US dollar it did not really matter. EUR/USD reached levels last seen over 12 years ago, with parity seeming closer and also the previously strong pound gave in. The Aussie was supported by jobs data, the kiwi by an upbeat central bank and the loonie was hit by oil. Let’s start,
newdigital, 2015.03.16 07:31
EURUSD Daily Pivot Point Support / Resistance (based on dailyfx twitter account)
But it is still the primary bearish concerning Ichimoku system (see charts above), Parabolic system and Brainwashing system (all those systems are elaborated on this forum with free to download):
newdigital, 2015.03.17 05:57
EUR/USD rallies slightly on Monday, ahead of critical Fed meeting (based on nasdaq article)
The euro edged slightly higher on Monday,
slamming the brakes on its rapid depreciation against the U.S.
dollar ahead of a highly-anticipated Federal Reserve meeting later
EUR/USD gained 0.70% or 0.0073 to 1.0569 in U.S. afternoon
trading. The pair fell below 1.05 at last week's close, as the
start of the European Central Bank's €60 billion a month
quantitative easing program coincided with expectations of an
interest rate hike from the Fed. Since the start of the year, the
pair is down roughly 10%.
Last week analysts from Deutsche Bank (XETRA:DBKGn) and Goldman
Sachs (NYSE:GS) both revised their timetables on when the euro
could reach parity against the dollar, moving up the dates from
previous forecasts. Deutsche Bank even predicted that the euro
could fall to 0.85 against the dollar by 2017. On Monday, Alan
Ruskin head of foreign exchange strategy for Deutsche Bank, went
one step further.
Speaking with CNBC's Power Lunch, Ruskin said he thinks it is
possible the euro could reach a historic low against the dollar of
0.82. The euro hasn't reached a level that low since 2002.
"If you think of what's driving the euro, a lot of this has been
hedging from foreigners who've held euro bonds and euro equities,"
Ruskin told CNBC. "I think that it will slow somewhere near
The Fed could remove its reference to "remaining patient," from
its minutes when the Federal Open Market Committee stages a two-day
meeting this week, beginning on Wednesday. The reference typically
indicates that it will start raising interest rates at either of
its next two meetings. It has been six years since the U.S. central
bank has increased rates, which have remained near zero since the
Elsewhere, Greece and its euro zone creditors appeared to be far
apart in negotiations concerning the reform measures Athens must
employ to extend a critical bailout package. Greece prime minister
Alexis Tsipras appears unwilling to agree to some of the austerity
measures required by the euro zone in order to strike a deal.
"Whatever obstacles we may encounter in our negotiating effort,
we will not return to the policies of austerity," Tsipras told
Greece newspaper Ethnos.
newdigital, 2015.03.17 18:20
EURUSD Uptrend Continues As Dollar Retreats
EURUSD advanced for a second consecutive day on Tuesday, as core
Eurozone inflation was confirmed higher in February, while German
investor confidence soared to a 13-month high in March.
climbed 0.45 percent to 1.0617, easing off an intraday high of 1.0651.
The pair is testing the initial resistance at 1.0636. A clean break
above this level would lead to 1.0704. On the downside, near-term
support is at 1.0484.
In economic data, Eurozone consumer prices declined in February, the
European Commission confirmed on Tuesday. Annual CPI in the 19-member
currency zone fell 0.3 percent, compared to 0.6 percent in January.
prices increased 1.6 percent in February but were down 7.9 percent
compared to year-ago levels. Global crude prices are forecast to remain
under pressure in the short-run as the supply glut intensifies.
core inflation, which strips away volatile goods such as food and
energy, rose at an annual rate of 0.7 percent in February, compared to
0.6 percent the previous month.
The European Commission also said
Eurozone employment rose 0.1 percent in the fourth quarter and 0.9
percent year-on-year, adding further evidence the currency region was
slowly gaining momentum.
In a separate report on Tuesday the
Centre for European Economic Research (ZEW) said investor sentiment in
Germany reached a 13-month high in March, a sign Europe’s largest
economy had turned a corner.
The closely monitored investor
confidence index rose 1.8 points to 54.8 in March. That was the fifth
consecutive monthly gain and the highest level since February 2014. The
euro-wide investor sentiment index surged nearly ten points to 62.4.
sentiment in Germany remains at a high level. In particular, the
continuing positive development of the domestic economy confirms the
expectations of the experts,” said ZEW president Clemens Fuest in a
He added, “At the same time, limited progress is being
made with regard to solving the Ukraine conflict and the sovereign debt
crisis in Greece. This has a dampening effect on sentiment.”“It’s now, first of all, about what the Greek government will implement
in the necessary reform steps that it has promised,” said Michael
Grosse-Brömer, who serves as the parliamentary whip of Chancellor Angela
Merkel. “They must now finally deliver and not make a new proposal
every other week.”
newdigital, 2015.03.18 07:40
EUR/USD Technical Analysis: Short Entry Sought on Bounce (based on dailyfx article)
A Euro recovery against the US Dollar
may be brewing against the US Dollar after prices formed a bullish
Piercing Line candlestick pattern. Positive RSI divergence bolsters the
case for an upside scenario. Near-term resistance is at 1.0623, the
61.8% Fibonacci expansion, with a break above that on a daily closing
basis exposing the 50% level at 1.0796. Alternatively, a drop below the
76.4% Fib at 1.0408 opens the door for a challenge of the 100% expansion
Our long-term outlook
envisions Euro weakness. With that in mind, we will treat any on-coming
upswing as corrective and look to enter short once signs of a renewed
turn lower emerge. In the meantime, we will remain on the sidelines.
This is triangle price pattern for EURUSD H4 timeframe:
Market Condition Evaluation based on standard indicators in Metatrader 5
newdigital, 2013.09.05 09:53
3 Easy Triangle Patterns Every Forex Trader Should Know - Symmetrical Triangle
The first type of pattern is the symmetrical triangle pattern. It is
formed by two intersecting trendlines of similar slope converging at a
point called the apex.
In the above example of a symmetrical triangle you can easily see on
the AUDUSD 1-Hour chart the intersection of a rising trendline and a
downtrend line at the bottom of a larger trend. Sellers are unable to
push prices lower and buyers can’t push price to new highs.
newdigital, 2015.03.18 16:49
EURUSD Pre-FOMC Pivot Values - Breakouts Occur Above R4, and Below S4 Pivots (based on dailyfx article)
The EURUSD has opened Wednesdays trading range
bound, trading between pivot support and resistance. Current range bound
conditions are not surprising as many traders are waiting on today’s
FOMC even prior to taking positions on markets. Currently price has
traded off pivot resistance at 1.0624, but has yet to test range support
found at 1.0569. These values complete the current range valued at 55
During the FOMC event, any surprises may cause the
EURUSD to breakout. Traders should watch the S4 pivot at 1.0541. This
would signal a potential return to USD strength and a resumption of the pair’s current long term trend. Conversely if price breaks above the R4 pivot at 1.0651, it would suggest price is beginning a larger counter trend move, creating a new higher high.
newdigital, 2015.03.18 17:14