is on bullish ranging between 1.2351 support and 1.2834 resistance levels
is on primaruy bullish with 1.2834 resistance level
If D1 price will break 1.2410 support level on close D1 bar so the primary bullish trend will be reversed to the bearish with secondary ranging market conditionIf D1 price will break 1.2783
resistance level so the primary bullish will be continuingIf not so the price will be ranging between 1.2410 and 1.2783 levels
UPCOMING EVENTS (high/medium impacted news events which may be affected on USDCAD price movement for this coming week)
2015-04-06 15:00 GMT (or 17:00 MQ MT5 time) | [CAD - Ivey PMI]
2015-04-06 15:00 GMT (or 17:00 MQ MT5 time) | [USD - ISM Non-Manufacturing PMI]
2015-04-08 14:30 GMT (or 16:30 MQ MT5 time) | [USD - FOMC Member Dudley Speech]
2015-04-08 19:00 GMT (or 21:00 MQ MT5 time) | [USD - FOMC Meeting Minutes]
2015-04-09 13:30 GMT (or 15:30 MQ MT5 time) | [CAD - Building Permits]
2015-04-10 02:30 GMT (or 04:30 MQ MT5 time) | [CNY - CPI]
2015-04-10 13:30 GMT (or 15:30 MQ MT5 time) | [CAD - Employment Change]
SUMMARY : rangingTREND : breakdown
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
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
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
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
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
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
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
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
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
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
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
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
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
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 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
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
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
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
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.
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
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
Fast Copy MT5 allows to copy trades between different MetaTrader 5 (netting)(hedge) and MetaTrader 4 accounts in any direction and amount, quickly and easily (without loading the system).
Any type of copying is available
MT5 —> MT5 MT5 —> MT4 MT4 —> MT5 MT4 —> MT4
* For any interaction with the MT4, it is necessary to additionally install Fast Copy MT4
One tool for sending and receiving transactions: [master] > [slave] operation mode can be selected in
The 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:
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
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 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 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.
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 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
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2015.04.04 06:34
Forex Weekly Outlook April 6-10 (based on forexcrunch article)
The US dollar had a rough week, making gains in Q1 but erasing them in the wake of Q2, especially towards the end. US ISM Non-Manufacturing PMI, rate decision in Australia, Japan and the UK, FOMC Meeting Minutes, US unemployment claims, Canadian employment data are the major market movers on Forex calendar. Here is an outlook on the highlights of this week.Initial good figures and end-of-quarter adjustments helped the greenback. However, the US Non-Farm Payrolls missed expectations with a smaller than expected job addition of 126,000 in March, much worse than expected and coupled with downwards revisions. The rise in wages and the drop in the “real unemployment rate” didn’t compensate. While some blame the weather and say it is a one-off, others see the weak economy finally hitting jobs. In the euro-zone, the Greek issues still weigh, while politics also impact the pound. The fall in commodity prices hit the Aussie but the loonie was resilient in the face of the deal with Iran, which could hurt oil prices. What’s next after Easter?
newdigital, 2015.04.05 19:44
Range Trading on the USD/CAD (based on invezz article)
If we take a look, we can see that the support has been around the
1.2400 level and the resistance around the 1.2800 level. The middle of
the range is the 1.2600 level and we can tell from the chart that the
price has also found that level to be a temporary support or resistance
The general theory when trading within a range is that short
or sell positions are taken on the resistance and long or buy positions
on the support, but this is easier said than done, because first of
all, we cannot be so sure about the range until the price has already
tested the upper and lower boundaries a couple of times and the
consolidation becomes clear.
The risk of taking short positions at
the resistance and long positions at the support is that at any moment
the price may break that resistance or that support and we may get stuck
with a position on the opposite direction of the breakout. This is what
makes range trading more difficult. That is why when trading within a
range, we must be aware of the risks involved and we should accommodate
our stop loss to a level that does not represent a huge loss to our
account. Remember that usually when the price breaks out of these
ranges, it tends to accelerate its momentum in the direction of the
breakout and it may be not very wise to trade against that momentum or
newdigital, 2015.04.05 08:29
USD/CAD Weekly Fundamental Analysis, April 6 – April 10, 2015 – Forecast (based on fxempire article)
The USD/CAD finished lower last week led by heavy selling pressure
following the release of a weaker-than-expected U.S. Non-Farm Payrolls
report. The abysmal report casts doubts on the timing of the Fed
interest rate hike, most likely eliminating a June rate hike and putting
in jeopardy a September move. We’ll find out early next week what
investors are thinking when the major market players return to action
after stepping to the sidelines for Good Friday.
According to the Department of Labor, the U.S. economy added 126,000
new jobs in March, badly missing the consensus forecast of 248K. Despite
the low figure, the unemployment rate managed to remain unchanged at
5.5%. Hourly average wages, however, improved by 0.3%, beating the 0.2%
After consolidating since the beginning of the year, the USD/CAD may
have finally found the catalyst that could trigger a breakout of the
range. The U.S. jobs report should fuel a break, however, losses are
likely to be limited because of expectations for weaker crude oil
Late Thursday, it was announced that Iran and the six global powers
had reached solutions on key parameters of the country’s nuclear
program. If Iran follows the plan then the United States and the
European Union would likely ease sanctions on the country. Iran would
agree to cut its nuclear capacity while agreeing to monitoring and
modernization of its facilities. A final deadline for the talks was set
for June 30.
Lifting the sanctions on Iran could bring millions of additional
Iranian crude oil barrels onto the global market. This would be bearish
for prices. A breakdown in crude prices will be bearish for the Canadian
The direction of the market is likely to be determined by whether the
investors believe the weak jobs report outweighs the impact of the Iran
nuclear deal. Since the jobs data came out after the Iran news and the
USD/CAD weakened, traders are likely to open Monday’s session with fresh
newdigital, 2015.04.06 16:31
if actual > forecast (or previous data) = good for currency (for СФВ in our case)
[CAD - Ivey PMI] = Level of a diffusion index based on surveyed purchasing managers. It's a leading indicator of economic health - businesses react quickly
to market conditions, and their purchasing managers hold perhaps the
most current and relevant insight into the company's view of the economy.
Canadian Ivey PMI drops to 47.9 in March
"Canada's Ivey purchasing managers’ index contracted at a faster rate
than expected in March, fuelling concerns over the country’s economic
outlook, industry data showed on Monday.
In a report, the Richard Ivey School of Business said its purchasing
managers’ index fell to 47.9 last month from a reading of 49.7 in
February. Analysts had expected the index to inch up to 51.1 in March.
A figure above 50.0 indicates industry expansion, below indicates contraction.
USD/CAD was trading at 1.2460 from around 1.2466 ahead of the release of the data."
MetaTrader Trading Platform Screenshots
USDCAD, M5, 2015.04.06
MetaQuotes Software Corp., MetaTrader 5
USDCAD M5: 29 pips price range movement by CAD - Ivey PMI news event
newdigital, 2015.04.05 19:58
Weekly Economic & Political Timeline (based on dailyforex article)
This week opens quietly, with most of Europe and the Western world on
holiday, with the exception of the U.S.A. and Canada. Following the
holiday, it should be a fairly significant week as it opens the month,
as usual, with central bank statements and actions for the USD, JPY, GBP
and AUD. The major political area of interest that is likely to result
in unscheduled, market-moving breaking news remains the European Greek
crisis. Additional political focus is beginning to fall on the U.K. as
next month’s election approaches and opinion polls continue to forecast a
parliamentary balance that would make it almost impossible for any
plausible government to be formed.
This will be a big week for the U.S. Dollar as following last week’s
disappointing Non-Farm Payroll numbers, all eyes will be on the FOMC
Minutes that will be released on Wednesday. There will actually be a
data release earlier on Monday with the ISM Non-Manufacturing PMI
numbers. On Thursday, the day following the FOMC release, there will be
additional economic data given with the Unemployment Claims numbers.
This will be a significant week for the Japanese Yen with the Bank of
Japan’s Monetary Policy Statement being given plus a press conference
On Tuesday there will be a release of Services PMI data. Thursday
will see the release of the Bank of England’s MPC Rate Statement and
Official Bank Rate, followed on Friday by Manufacturing Production data.
Tuesday is going to be a big day for the Australian Dollar, with the
RBA Rate Statement, Cash Rate, and Retail Sales data all due for release
within a three-hour window before the London open.
Although most countries in Europe will be enjoying public holidays
this Monday, Spain will be at work as usual, and will be releasing
Spanish Unemployment Change data this day. This is the only high-impact
news scheduled for the Euro this week.
There will be a release of Ivey PMI data on Monday followed by
further releases at the end of the week. On Thursday there will be
Building Permits data followed on Friday by Unemployment Change and
Unemployment Rate data.
newdigital, 2015.04.07 05:47
USD/CAD Retail FX Flips Net-Long at 1.2400 Support (based on dailyfx article)
newdigital, 2015.04.07 14:45
USD/CAD: Well-Defined Range, 2 Drivers (based on efxnews article)
USD/CAD continues to trade in a well-defined range between 1.24
and 1.28. We remain bearish on CAD and continue to look for USD/CAD to
test 1.30 sometime in Q2.
Notably, two drivers should continue to underpin CAD weakness.
First, this week Canada releases the Ivey PMI index for March.
Another print below 50 which suggests that the economy contracted in Q1
with an average reading of 47.6 in the first two months of the year.
What is more relative to trend is that headline PMI continues to suggest
a deepening slowdown in activity, which may force the BoC to cut its
2015 growth forecast.
Second, the external backdrop in Canada continues to worsen.
Indeed, in 2015, market consensus expects the current account deficit
to widen to -2.8% from -2.2% previously. This reflects the drag from
exports and lower oil prices but also the rise in import growth, which
averaged 7.8% per annum from January 2014 to January 2015. The
deterioration in the external balance suggests that Canada will need to
attract fresh capital to support CAD. Against a backdrop of low rates
and weak growth we doubt Canada can attract the needed flows. Canada
economic growth weak and contracting Canada’s capital
newdigital, 2015.04.08 06:24
USDCAD moves higher in early trade (based on nasdaq article)
The U.S. dollar was higher against its Canadian
counterpart on Tuesday, as the greenback regained some strength
after weakening broadly due to Friday's disappointing report on
USD/CAD hit 1.2522 during early U.S. trade, the pair's highest
since April 3; the pair subsequently consolidated at 1.2519,
The pair was likely to find support at 1.2405, the low of March
26 and resistance at 1.2654, the high of April 2.
newdigital, 2015.04.08 15:47
USDCAD drops to 1-month lows in early trade (based on investing.com article)
The U.S. dollar dropped to one-month lows against its Canadian
counterpart on Wednesday, as demand for the greenback weakened broadly
before the highly-anticipated minutes of the Federal Reserve's latest
hit 1.2388 during early U.S. trade, the pair's lowest since February
25; the pair subsequently consolidated at 1.2421, declining 0.68%.
The pair was likely to find support at 1.2309, the low of January 22 and resistance at 1.2524, Tuesday's high.
Market participants were eyeing the Fed's upcoming meeting minutes
for indications on the central bank's next policy moves after Friday's
downbeat jobs data fuelled uncertainty over the timing of a rate hike.
The Labor Department reported Friday that the U.S. economy added
126,000 new jobs in March, less than half of February’s gain and the
smallest increase since December 2013.
The loonie was higher against the euro, with EURCAD shedding 0.28% to 1.3486.
Also Wednesday, data showed that retail sales in the euro zone fell
0.2% in February, in line with market expectations. On a year-over-year
basis, retail sales rose 3.0% also in line with forecasts.
newdigital, 2015.04.09 06:38
New York Fed President William Dudley and Fed Governor
Jerome Powell on Wednesday sketched out scenarios in which the
central bank could make an initial move earlier than many now
expect and then proceed in a slow and gradual manner on further
Yet, minutes of the Fed's March meeting showed there was a
wide divergence of views among policymakers, suggesting no
consensus on the timing of a move.
"The final arbiter will be the data, recent data argued for
delayed rate lift-off. A June 18 rate lift-off is now being
priced as quite a slim chance," said David de Garis, senior
economist at NAB.
Still, the chance of a hike at all this year is a stark
contrast to Europe and Japan where quantitative easing has years
to run. So dollar bulls took heart and bid up the dollar index
to a one-week high of 98.197, further away from Monday's
trough of 96.329. It last stood at 98.063.
The euro slipped to $1.0784 and was now more than 2
percent lower from this week's peak of $1.1036 set on Monday.
USDCAD, M5, 2015.04.09
USDCAD M5: 47 pips price movement by FOMC Meeting Minutes news event