is on bearish market condition with secondary ranging between 1.0461 (W1) support and 1.1051 & 1.1449 (W1) resistance levels
is on bearish breakdown with 1.0461 support levelIf D1 price will break 1.0520
support level on close D1 bar so the primary bearish will be continuingIf D1 price will break 1.0817
and 1.0954 resistance levels so we may see the reversal to the primary bullish
conditionIf not so the price will be ranging between 1.0520 and 1.0954 levels
UPCOMING EVENTS (high/medium impacted news events which may be affected on EURUSD price movement for this coming week)
2015-04-20 07:00 GMT (or 09:00 MQ MT5 time) | [EUR - German PPI]
2015-04-21 10:00 GMT (or 12:00 MQ MT5 time) | [EUR - German ZEW Economic Sentiment]
2015-04-23 08:00 GMT (or 10:00 MQ MT5 time) | [EUR - French Manufacturing PMI]
2015-04-23 08:30 GMT (or 10:30 MQ MT5 time) | [EUR - German Manufacturing PMI]
2015-04-23 09:00 GMT (or 11:00 MQ MT5 time) | [EUR - Manufacturing PMI]
2015-04-23 13:30 GMT (or 15:30 MQ MT5 time) | [USD - Unemployment Claims]
2015-04-24 09:00 GMT (or 11:00 MQ MT5 time) | [EUR - German Ifo Business Climate]
2015-04-24 13:30 GMT (or 15:30 MQ MT5 time) | [USD - Durable Goods Orders]
SUMMARY : bearishTREND : bear market rally
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
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 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
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
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
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.
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
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 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 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
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.
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About the PAM (Price Action Master) EA Series
These multi-symbol multi-time-frame bots enter on high probability engulfing bar and shooting star/hammer/pin bar patterns with a stop order. (Delays won't matter, slippage and spread not a big deal on larger time-frames.) They may consider up to 4 secondary time-frames in their analyses and score of space, trend, quality of bar, quality of important locations, big round numbers and quality of pullbacks. These bots can print a special csv log f
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).
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MT5 —> MT5 MT5 —> MT4 MT4 —> MT5 MT4 —> MT4
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One tool for sending and receiving transactions: [master] > [slave] operation mode can be selected in
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
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
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
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
We present you an effective software solution for arbitrage between brokers.
The Arbitrage on the market became widespread due to decentralization. There are many liquidity providers, whose quotes differ for various reasons. By tracking the dynamics of changes in the quotes of different brokers, it is possible to determine the delayed and leading brokers, thereby predicting the future prices of the delayed broker for a short time. Knowing these prices and using efficient built-in software filte
Auto Trade 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 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
The script creates account summary report in a separate window.
The report can be created for all deals and on deals for selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
The script creates account summary report in a separate window.
The report can be created for all deals and for deals of the selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
The most profitable trend traders are the ones who know how to recognize not only the market trend, but also the trading opportunities that arise once a trend has been established. The Pz Trend Trading indicator has been designed to profit has much as possible from trends taking place in the maket.
Established trends offer dozens of trading opportunities, but most trend trading indicators neglect them completely, and leave the trader completely uninformed about what the market is doing during a
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
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.
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Does not support hedging orders on a single symbol on MT5
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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.
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Fast Volume Moving Average Slow
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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
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.
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newdigital, 2015.04.17 15:51
Forex Weekly Outlook April 20-24 (based on forexcrunch article)
Inflation data in New Zealand and Australia, Poloz and Stevens’ speeches, German ZEW Economic Sentiment and German Ifo Business Climate, US Unemployment Claims and Durable Goods Orders are the highlights of this week. Here is an outlook on the top events on Forex calendar.
Last week, US data disappointed with weaker than expected housing and employment data as well as soft retail sales. Jobless claims rose 12,000 to 294K, building permits came reached 1.04 million while forecasted 1.08 million and housing starts hardly recovered with 0.93 million. Retail sales registered a 0.9% increase, below the 1.1% rise predicted and Core sales gained 0.4% far below the0.7% expected. However, the Philadelphia Fed Manufacturing Index surprised with 7.5 points vs. 5 in the previous months exceeding forecasts for a 6.5 points reading. Will the US data stabilize this week?
newdigital, 2015.04.17 18:54
EURUSD tests resistance again (based on forexlive article)
The weekend flows can wreck havoc. Greece will be in play over weekend
(and going forward). As a result geo-political risk have the potential
to lead to more squaring up and choppy trading action -especially in the
newdigital, 2015.04.18 07:23
US Dollar Fundamentals (based on dailyfx article)
Fundamental Forecast for Dollar: Bearish
The Dow Jones FXCM Dollar Index (ticker = USDollar)
dropped 1.1 percent this past week while the ICE Dollar Index tumbled
1.8 percent. That represents the second worst week for the even-weighted measure (USDollar) in 12 months and the second worst performance for the EURUSD-heavy
gauge in 22 months. Have speculators over-reached on this advantaged
currency? The recent stumble after two months of consolidation alongside
speculative positioning suggests that may be the case. However, as
market participants weigh the impetus for correction against the
tangible fundamental appeal the currency holds over the longer-term;
progress will lean heavily on meaningful catalysts to motivate a
counter-trend move. And, this week’s docket will struggle for the high
profile drivers while the period after is overstocked with redefining
From a fundamental perspective, it is important to
establish the longer-term position for the Greenback. Treasury Secretary
Jack Lew at the G-20 noted the United States’ economic dominance when
he remarked that it was not ‘sufficient’ that the US be the lone driver
of global growth. That bodes well for investor returns (and thereby
capital inflow) alongside the first-mover advantage the Fed seems to be
taking with its relatively hawkish monetary policy standing.
Furthermore, in the event of a global financial slump; the Dollar will
likely revert back to its ‘haven’ status – after a certain intensity is
reached. Medium to
long-term, the currency looks well positioned to advance further. Yet,
that doesn’t preclude it to interim corrections.
A ‘correction’ is what lurks for the Greenback.
Nine-months of steady climb in the most rapid move since the early
1980’s mixes both fundamental reasoning and speculative exuberance. It
is the faction that participated to take advantage of momemtum rather
than hold positions to realize long-term developments that pose the
currency short-term risk. It is difficult to establish exactly how much
excess could be worked off, but positioning measures can act as a proxy.
Commitment of Traders (COT) report this past week showed a continued
reversal from the record net-long exposure set in January.
Now at its lowest level since the end of December, there is still
plenty of room for moderation as we’ve only seen a 13 percent retreat
from the bullish shift that began in 2012.
The most capable driver for the Dollar in its long
and short-term course is monetary policy. This past Friday, a range of
inflation measures bolstered the persistent doubt of near-term FOMC rate
hikes. The headline CPI reading for March slipped back into negative territory
(-0.1 percent), a real average weekly earnings figure retreated from
its series high to a 2.2 percent clip and price forecasts from the
University of Michigan confidence survey posted sharp declines. Caveats
of robust core measures and the general trend of the wage numbers factor
in, but viability of a near-term hike is certainly diminished. According to Fed Fund futures, the first hike is once again not fully priced in until January 2016.
Moderated rate expectations reinforced by tepid
data, but it’s capability as a fundamental driver is diminished
considering the time frame yields imply and the persistent buoyancy of
the Dollar – a rate hike may come later but it is still a hike among QE
programs. Sentiment may simply tip out of favor for the Greenback and
pull it lower, but the most effective means would by through key event
risk to focus the selling effort. For the coming week’s docket, there is
limited high-profile event risk to hit all traders’ radars. And,
marking a meaningful distraction, there are very high profile events in the following week (FOMC decision and GDP amongst others).
newdigital, 2015.04.21 07:08
Forex technical analysis (VIDEO): EURUSD starts the week more bearish. Can it continue? (based on forexlive article)
The EURUSD started the day at the highs and wandered lower in trading as
the week got started. Will the bearishness continue this week? What
levels will keep the bears in control.
newdigital, 2015.04.21 16:00
EUR/JPY, EUR/USD Triangles Continue to Develop Downside Potential (based on dailyfx article)
Short-term technical indicators are close to turning
outright negative for various EUR-crosses. For EURJPY and EURUSD, this
potentially means continuation outside of their recent triangls after
breaking the uptrends from last week's lows (although in EURUSD, a
longer-term triangle may be in the works). For EURGBP, we've seen the
key topside resistance level respected throughout the consolidation,
keeping the double top intact.
newdigital, 2015.04.21 17:10
ECB Mulls Tightening Noose Around Greek Banks (based on rttnews article)
The European Central Bank is exploring measures to reduce the Emergency
Liquidity Assistance to Greek banks, reports said Tuesday, citing people
with knowledge of the discussions. ECB Staff have suggested an increase
in the haircuts banks take on the collateral they offer for emergency
funding from the Bank of Greece, both Bloomberg and CNBC said.
newdigital, 2015.04.22 06:25
As DXY Consolidates, GBP/USD, EUR/USD Start To Rally - BofA Merrill (based on efxnews article)
While Bank of America Merrill Lynch didn't expect the USD Index DXY to
remain within its recent corrective range trade (currently consolidating
between 99.92 & 96.58), BofA now thinks that this longer than anticipated consolidation has done no damage to the larger bull trend.
"Absent a sustained break off 96.58/95.94 we look for a bullish
resolution towards 103.85 (Triangle objective) ahead of 106.00 (long
term upside target)," BofA argues.
It is a slightly different story for GBP/USD, according to BofA, as the setup here is for a more directional correction higher.
"In the sessions ahead we look for a push to 7m channel resistance at 1.5232 ahead
of swing targets at 1.5350 and potentially beyond before the long term
downtrend resumes for a push towards 1.35/1.40 (secular range lows),
Turning to EUR/USD, BofA advises bulls to watch the 55d average around 1.0992.
"While we remain long term EUR/USD bears, targeting 1.0283/1.000, in
the near term the pair is stuck in a choppy corrective range between
1.0462 (Mar-16 low) and the 55d avg (now 1.0992)," BofA notes.
"Bulls need a sustained break of the 55d to point to a greater
correction than anticipated, exposing the 1.1261/1.1534 February
congestion zone," BofA advises
newdigital, 2015.04.22 09:21
EURUSD Technical Analysis: Digesting Gains Above 1.07 (based on dailyfx article)
The Euro is digesting gains against the US Dollar after rising as expected
after showing a bullish Morning Star candlestick pattern. Near-term
resistance is at 1.1040, the March 18 high, with a break above that on a
daily closing basis exposing the 38.2% Fibonacci retracement at 1.1266.
Alternatively, a move back below the March 31 low at 1.0712 clears the
way for a test of the 1.0461-1.0554 area (March 13 low, 23.6% Fibonacci
We see the Euro trend as broadly bearish, in line with our long-term outlook. As such, we will
approach on-coming gains as corrective in the context of a larger
structural decline and position for opportunities to enter short after
the move higher is exhausted. In the meantime, we remain flat.
newdigital, 2015.04.23 05:57
EUR/GBP: Breaks Down; EUR/USD: Excellent Selling Pattern - BofA Merrill (based on efxnews article)
EUR/GBP is resuming its larger downtrend, following the break of 0.7174/0.7166, notes Bank of America Merrill Lynch.
"We look for a test and break of the Mar-11 low at 0.7014, ahead of the
0.6900/0.6800 region. Bounces should not exceed the Apr-19 high at
0.7245," BofA projects.
Turning to EUR/USD, BofA notes that while the 1.0500-1.1000 range is still intact, its correction is turning increasingly in a 'Triangular' pattern.
A Triangular Correction, according to BofA, is a range defined by two contracting trendlines.
is one of our favorite patterns and should provide an excellent
opportunity to go short for a move toward 1.0000 once the pattern
completes," BofA argues.
now, stay patient. Gains should not exceed the 55d at 1.0967, while a
break of 1.1053 points to a larger correction than anticipated," BofA advises.