is on bearish ranging with 1.0461 support level
is on bearish for breaking 1.1097 support level on open MN1 bar
If D1 price will break 1.0461 support level on close D1 bar so the primary bearish will be continuing (good to open sell trade)If D1 price will break 1.1041
resistance level so we will have the secondary market rally within the primary bearish market conditionIf not so it will be bearish ranging between 1.0461 and 1.1041 levels
UPCOMING EVENTS (high/medium impacted news events which may be affected on EURUSD price movement for this coming week)
2015-03-23 14:00 GMT (or 16:00 MQ MT5 time) | [EUR - ECB President Draghi Speech]
2015-03-23 14:00 GMT (or 16:00 MQ MT5 time) | [USD - Existing Home Sales]
2015-03-23 16:20 GMT (or 18:20 MQ MT5 time) | [USD - FOMC Member Fischer Speech]
2015-03-24 01:45 GMT (or 03:45 MQ MT5 time) | [CNY - HSBC Manufacturing PMI]
2015-03-24 08:00 GMT (or 10:00 MQ MT5 time) | [EUR - French Manufacturing PMI]
2015-03-24 08:30 GMT (or 10:30 MQ MT5 time) | [EUR - German Manufacturing PMI]
2015-03-24 09:00 GMT (or 11:00 MQ MT5 time) | [EUR - Manufacturing PMI]
2015-03-24 12:30 GMT (or 14:30 MQ MT5 time) | [USD - CPI]
2015-03-24 14:00 GMT (or 16:00 MQ MT5 time) | [USD - New Home Sales]
2015-03-25 09:00 GMT (or 11:00 MQ MT5 time) | [EUR - German Ifo Business Climate]
2015-03-25 12:30 GMT (or 14:30 MQ MT5 time) | [USD - Durable Goods Orders]
2015-03-26 12:30 GMT (or 14:30 MQ MT5 time) | [USD - Unemployment Claims]
2015-03-26 13:00 GMT (or 15:00 MQ MT5 time) | [USD - FOMC Member Lockhart Speech]
2015-03-27 10:30 GMT (or 12:30 MQ MT5 time) | [USD - FOMC Member Fischer Speech]
2015-03-27 12:30 GMT (or 14:30 MQ MT5 time) | [USD - GDP]
2015-03-27 19:45 GMT (or 21:45 MQ MT5 time) | [USD - Fed Chair Yellen Speech]
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 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
DeltaVolumeDistribution indicator can be considered as the fusion of the DeltaVolume and TradeSizeDistribution indicators.
This indicator, inspired by the MarketDelta-family charts, computes the net difference between trades occurring at bid and at ask, while trades occurring between bid and ask quotes are not computed. The indicator plots the resulting DeltaVolume as a unique distribution plot.
With the DeltaVolumeDistribution indicator you will actually be able to see the order flow entering
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
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 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 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 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 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 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 indicator displays the current market information about the recent trades (their direction and volume).
BackColor - general background color of the indicator; AboveAskBackColor - background color of the line with information about the last trade in case it was performed at the price above Ask; AboveAskFontColor - color of the text entered in the line with information about the last trade in case it was performed at the price above Ask; AtAskBackColor - background color of the
This indicator extracts a trend from a price series and forecasts its further development. Algorithm is based on modern technique of Singular Spectral Analysis (SSA). SSA is used for extracting the main components (trend, seasonal and wave fluctuations), smoothing and eliminating noise. Does not require the series to be stationary, as well as the information on presence of periodic components and their periods. It can be applied both to price series and to the data of other indicators.
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
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
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
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
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
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
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
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 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.
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
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
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 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!
The trading robot opens and closes positions by the indicator signals - buys at support levels, sells at resistance levels, which allows to capture large movements. It has the option to close positions by take profit and stop loss. When new signals appear the EA adds orders. When an opposite signal appears: if the order basket is in profit, then the EA closes it; if the basket is in loss, the robot opens opposite orders. The EA settings can be adjusted right from the chart. The EA also features
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
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 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 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
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
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2015.03.20 17:40
newdigital, 2015.03.23 11:31
if actual > forecast (or previous data) = good for currency (for EUR in our case)
[EUR - Greece Current Account] = The current account, released by the Bank of Greece
is a net flow of current transactions, including goods, services and
interest payments into and out of Greece. A current account surplus
indicates that the flow of capital into Greece exceeds the capital
reduction. A high reading is seen as positive (or bullish) for the Euro,
whereas a low reading is seen as negative (or bearish).
Greek current account deficit widens in January
Greece's current account
deficit widened in January compared to the same month a year
earlier while tourism receipts rose slightly, according to
central bank data published on Monday.
The deficit stood at 0.85 billion euros ($917 million)
versus a deficit of 0.34 billion euros in January 2014, mainly
due to a drop in the export of goods.
Tourism revenues rose slightly to 170 million euros in
January from 156 million euros in the same month in 2014.
KEY FIGURES (bln euros) 2015 2014
January -0.847 -0.336
MetaTrader Trading Platform Screenshots
EURUSD, M5, 2015.03.23
MetaQuotes Software Corp., MetaTrader 5
EURUSD M5: 61 pips price movement by EUR - Greece Current Account news event
newdigital, 2015.03.23 18:39
[USD - FOMC Member Fischer Speech] = Due to deliver a speech titled "Monetary Policy Lessons and the Way Ahead" at the Economic Club of New York. Federal Reserve FOMC members vote on where to set the nation's key
interest rates and their public engagements are often used to drop
subtle clues regarding future monetary policy.
"As the FOMC responds to incoming information, it will continue to
be absolutely transparent in explaining its decisions and how and why
they contribute to meeting the legally mandated dual goals of monetary
policy. That transparency serves three purposes: First, it is required
if we are to be accountable to the public; second, it is the best way of
ensuring that monetary policy decisionmakers continue to follow
sensible and rational policies; and third, it is the best way of
informing the private sector of the basis on which monetary policy
decisions are made and will continue to be made.
With respect to forward guidance: its role has been and continues
to be important in the long period in which eventual liftoff has been
the key interest rate decision confronting the FOMC and the focus of
market expectations. However, as monetary policy is normalized, interest
rates will sometimes have to be increased, and sometimes decreased.
Market participants will be able to form their expectations of future
interest rates on the basis of three elements: first, the policy record
of the FOMC, which might be approximated as a reaction function; second,
their analysis of the current economic and financial situation and
outlook; and, third, whatever guidance the FOMC will provide as to how
it sees monetary policy decisions likely to unfold given the economic
situation and outlook. It is likely that explicit long-term forward
guidance will play less of a role in monetary policy after liftoff than
it has during the past few years.
Policymakers' behavior is sometimes summarized as a reaction
function, which can be an algebraic description of how the interest rate
is set--for instance, a Taylor-type rule in which the federal funds
rate reacts simultaneously to the rate of inflation and expectations of
inflation as well as to the rate of unemployment and expected changes in
the level of unemployment.21 However,
a simple rule of that sort will, by necessity, leave out many factors
that appropriately influence monetary policy, such as financial
developments, temporary divergences in relationships between different
measures of economic activity or inflation, and the like. A simple rule
can provide the starting point for the decisions made by the FOMC, but
in reaching their interest rate decision, members of the Committee will
always have to use their judgment to identify the special circumstances
confronting the economy, and how to react to them.
To ensure that monetary policy operates in as stabilizing a way
as possible, the FOMC will continue to set out, as clearly as it can,
the basis of every decision that it makes, and to provide guidance on
its expectations of future decisions. And on the basis of the
information provided by the FOMC, of their understanding of the
historical record of Fed policy decisions, and of their analysis and
expectations of the state of the economy and, particularly, the
financial markets, market participants will make the best decisions they
EURUSD M5: 47 pips price movement by FOMC Member Fischer Speaks news event
newdigital, 2015.03.20 19:22
The euro is going bananas (based on businessinsider article)
The euro is climbing against the dollar again on Friday, rising more than 1.7% to as high as $1.085 as of around 12:40 pm ET.
The euro spiked against the dollar when the Fed's latest decisions
came out, as the US central bank looked less likely to hike rates in
June (which would typically strengthen the dollar).
As it stands so far, the euro's depreciation bottomed out five days
ago, below $1.05. A lot of people are still expecting parity by the end
newdigital, 2015.03.24 10:50
EUR/USD continues higher (based on finances.com article)
newdigital, 2015.03.24 13:40
if actual > forecast (or previous data) = good for currency (for USD in our case)
[USD - CPI] = Change in the price of goods and services purchased by consumers. Consumer prices account for a majority of overall inflation. Inflation
is important to currency valuation because rising prices lead the
central bank to raise interest rates out of respect for their inflation
Consumer Price Index Summary"The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent in February on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index was unchanged before seasonal adjustment. The seasonally adjusted increase in the all items index was broad-based, with increases in shelter, energy, and food indexes all contributing. The energy index rose after a long series of declines, increasing 1.0 percent as the gasoline index turned up after falling in recent months. The food index, unchanged last month, also rose in February, though major grocery store food group indexes were mixed. The index for all items less food and energy rose 0.2 percent in February, the same increase as in January. In addition to shelter, the indexes for used cars and trucks, apparel, new vehicles, tobacco, and airline fares were among those that increased. The medical care index was unchanged, while the personal care index declined. The all items index was unchanged over the past 12 months, after showing a 0.1-percent decline for the 12 months ending January. Over the last 12 months the food index rose 3.0 percent and the index for all items less food and energy increased 1.7 percent. These increases were offset by an 18.8-percent decline in the energy index."
EURUSD, M5, 2015.03.24
EURUSD M5: 55 pips price movement by USD - CPI news event
newdigital, 2015.03.24 15:51
Euro gains against dollar on robust PMI surveys (based on reuters article)
Robust French, German PMIs help euro
Fed's Williams repeats mid-year rate rise may be
Dollar still feeling impact of last week's dovish Fed
The euro rose for the third day
running against the dollar on Tuesday, bolstered by
better-than-expected euro zone business surveys that pointed to
a broader recovery taking place in the currency bloc.
The dollar was under pressure, with investors awaiting
consumer price inflation data later in the day. A softer number,
as was registered earlier on Tuesday in Britain, could boost
expectations that the Federal Reserve will be in no hurry to
raise interest rates.
San Francisco Fed chief John Williams weighed in on the
debate over the dollar's gains, saying the U.S. economy could
handle a stronger currency and pointing to the chance of an
interest rate rise in June.
Other Federal Reserve officials, and new forecasts from the
U.S. central bank, have cast doubt on how much more appreciation
of the dollar the Fed will easily tolerate and raised
speculation it will push back any tightening of monetary policy.
"The bigger question of whether the economic recovery has
any legs remains unanswered," Societe Generale analysts said in
"In the meantime, after breaking above key resistance at
$1.0940 yesterday, the euro's next technical target is $1.1070
and we'd be more interested in re-selling there than in looking
for much follow-though from this morning's initial weakness."
newdigital, 2015.03.25 04:05
I don't trust the market, but EURUSD at a key test (based on forexlive article)
price moved below the lower trend line on the hourly chart and made new
lows. The price correction higher has taken the pair back toward the
high corrective price from the day after the FOMC spike at the 1.0918
(see red horizontal line). If the rally can stall here, the seller may
have more control. If it does not, the bias should reverse."
Something Interesting in Financial Video March 2015
newdigital, 2015.03.25 10:53
Video: Euro Traders Should Watch Greece’s Financial Health Closely
The Euro has tumbled on the sharp move towards accommodation from the
ECB. While a dovish policy trend from the central bank will keep the
pressure on the currency, another round of panicked selling behind the
currency is unlikely to occur on a monetary policy basis. Rather, it is
likely to come through financial trouble. And, Greece is staring at
imminent trouble. The country's leaders are scrambling to come up with
reforms that would open up funds from its creditors to offer a
medium-term chance to pay down its debts while also supporting growth.
However, the risk may be more severe and imminent than many expect. A
financial crisis may explode before officials come up with a solution.
We discuss the risk Greece poses to the Euro and what to watch in
today's Strategy Video.
newdigital, 2015.03.25 14:09
[USD - Durable Goods Orders] = Change in the total value of new purchase orders placed with manufacturers for durable goods. It's a leading indicator of production - rising purchase orders signal
that manufacturers will increase activity as they work to fill the
U.S. Durable Goods Orders Show Unexpected Decrease In February
With orders for transportation equipment showing a notable pullback,
the Commerce Department released a report on Wednesday showing that new
orders for U.S. manufactured durable goods unexpectedly decreased in
the month of February.
The report said durable goods orders fell
by 1.4 percent in February following a downwardly revised 2.0 percent
increase in January.
The drop in orders came as a surprise to
economists, who had expected orders to climb by 0.7 percent compared to
the 2.8 percent jump that had been reported for the previous month.
a 3.5 percent drop in transportation orders, durable goods orders still
fell by 0.4 percent in February after sliding by 0.7 percent in
January. Ex-transportation orders had been expected to rise by 0.3
EURUSD, M5, 2015.03.25
EURUSD M5: 40 pips price range movement by USD - Durable Goods Orders news event