The price was on bearish ranging market condition with the secondary market rally which was started in the end of last week.
Daily EURUSD price is breaking 1.0848 resistance level and Sinkou Span A
line for the reversal of the price movement from the primary bearish to
the bullish market condition.
D1 price is on primary bearish with secondary bear market rally
with good possibility to reversal:
is on bearish market condition with secondary ranging between 1.0461
(W1) support level and 1.1051 & 1.1395 (W1) resistance levels
is on bearish breakdown with 1.0461 support levelIf D1 price will break 1.0531
support level on close D1 bar so the primary bearish will be continuingIf D1 price will break 1.0848 resistance level so we may see the reversal to the primary bullish
condition with secondary ranging (the price will be inside Ichimoku cloud/kumo in this case)If not so the price will be ranging between 1.0848 and 1.0531 levels with primary bearish
UPCOMING EVENTS (high/medium impacted news events which may be affected on EURUSD price movement for this coming week)
2015-04-27 07:00 GMT (or 09:00 MQ MT5 time) | [EUR - German Import Prices]
2015-04-28 15:00 GMT (or 17:00 MQ MT5 time) | [USD - CB Consumer Confidence]
2015-04-29 13:30 GMT (or 15:30 MQ MT5 time) | [USD - GDP]
2015-04-29 19:30 GMT (or 21:00 MQ MT5 time) | [USD - Federal Funds Rate]
2015-04-30 07:00 GMT (or 09:00 MQ MT5 time) | [EUR - German Retail Sales]
2015-04-30 08:00 GMT (or 10:00 MQ MT5 time) | [EUR - Spanish CPI]
2015-04-30 08:55 GMT (or 10:55 MQ MT5 time) | [EUR - German Unemployment Change]
2015-04-30 10:00 GMT (or 12:00 MQ MT5 time) | [EUR - CPI Flash Estimate]
2015-04-30 13:30 GMT (or 15:30 MQ MT5 time) | [USD - Unemployment Claims]
2015-05-01 02:00 GMT (or 04:00 MQ MT5 time) | [CNY - Manufacturing PMI]
2015-05-01 15:00 GMT (or 17:00 MQ MT5 time) | [USD - ISM Manufacturing PMI]
SUMMARY : rangingTREND : bear market rally
This is an utility for automatic scaling of a chart and making at least 140 bars visible in it. This is necessary for a correct wave analysis according to the Bill Williams' strategy "Trading Chaos". The utility can be used on any timeframe available in МetaТrader 5.
It draws a vertical line through the first bar the calculation starts from. This line allows you to see the probable starting point of the wave sequence along with a sufficient number of bars displayed in the chart. It also makes t
The Intraday Momentum Index (IMI) is a technical indicator that combines aspects of Candlestick Analysis with the Relative Strength Index (RSI).
The Intraday Momentum Index indicator concept remains similar to RSI and includes the consideration for intraday open and close prices. The IMI indicator establishes a relationship between a security open and close price over the duration of a trading day, instead of how the open and close prices vary between different days. As it takes into considerat
IShift Lite is a lite version of IShift, and it doesn't include the tick chart.
IShift Lite allows:
perform trade operations directly from the depth of market with a "single touch"; automatically place Stop Loss and Take Profit; move position to breakeven; move Stop Loss along the price; automatically calculate the volume of an order depending on a fixed risk level or a fixed margin level.The program includes a visual help system.
Note: the demonstration version downloaded via the "Demo
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
HWAFM (the harmonic wave analysis of the financial markets)
Harmonic trading involves searching for certain price patterns (specimens) and Fibo numbers in order to define highly probable price reversal points. The method is based on the assumption that trade patterns or cycles repeat themselves just like in real life. The main objective is to identify these patterns, as well as position entries/exits. The analyzer is based on a high degree of probability, which is confirmed by the price movemen
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
Trading Chaos Expert Lite is a light version of Trading Chaos Expert. In the Lite version it is not possible to receive the table of trading signals, automatically place pending orders based on them and maintain open positions for multiple symbols at the same time in one window. Only the Current Chart mode is available. In all other features the panel is fully consistent with the basic version of the Expert Advisor.
This is, rather, a well thought out trader's assistant which is not easy to do
Informer for VPS - report on the state of your account via e-mail. Useful for controlling your Expert Advisors that run on a VPS or a dedicated computer. Information about open positions and last deals for a day, week, month or year grouped by currency pairs.
Adjustable periodicity of reports and depth of deals included in the report. A possibility to add own comment to each report. You will receive reports on e-mail with specified periodicity: from 15 minutes to once a day. The reports are se
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 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
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
Fisher Kuskus is an indicator used by scalpers on low timeframes like M1.
The Fisher Kuskus is now available on MetaTrader platform.
Inputs of the indicator are:
Period: period to be used for calculation of the indicator PriceSmoothing: value of 0.0 to 0.99 IndexSmoothing: value of 0.0 to 0.99The indicator can be used with any Forex pair. It can also be used with other classes of assets, like Equities, Commodities, Futures.
The main purpose of the indicator is to determine and mark trade signals on the histogram of the Accelerator Oscillator, which were described by Bill Williams in his book "New Trading Dimensions". The list of signals:
The buy signal when the indicator histogram is below the zero line. The sell signal when the indicator histogram is below the zero line.The sell signal when the indicator histogram is above the zero line. The buy signal when the indicator histogram is above the zero line. The
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 is a panel for controlling the profit/loss in dollars, pips or % of balance. A new function for trailing profits has been implemented.
The panel can be used as a virtual Stop Loss or Take Profit.
It also features the emergency button - CLOSE ALL.
You can also try the full version of the VirtualTradePad for mt5 panel, as well as the Profit or Loss for mt4 panel
Other versions in this collection:
VirtualTradePad for mt5 Digit Market Time Pad Market Time Pad Scalper PadMain f
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 of support and resistance levels. A very good helper, fits any style of trading. It has a lot of parameters for adjustment.
The main purpose of the indicator is to detect and mark trade signals on the histogram of the Awesome Oscillator according to the strategies "Trading Chaos, second edition" and "New Trading Dimensions".
The indicator detects and marks the following trade signals:
"Two peaks" - Divergence. The signal "Second wise-man" - third consequent bar of the Awesome Oscillator after its color is changed. The histogram crosses the zero line. The signal "Saucer".The indicator includes a signal block th
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 PZ Day Trading indicator detects reversals in a zig-zag fashion, without repainting or backpainting. Based on breakouts of variable lengths, the indicator uses only price action to pick trades and reacts to the market very fast. The positional accuracy of its signals offers huge opportunity for profits, easily up to 80% winners.
Amazingly easy to tradeChart statistics will help you to optimize your tradingIt works on every single timeframe without fine tuningThe indicator analyzes its own q
The economic calendar is made in the form of an Expert Advisor that downloads the data from one of the most popular Forex sites (forexfactory.com/calendar.php). The data is presented in two ways. The first (primary) is represented as icons with detailed information about the event. The second is displayed as a line with a news description. Economic Calendar downloads published news in real mode with the possibility to adjust the spacing of data validation and user-friendly customizable graphical
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When the trend changes, the indicator changes the line color and, at the same time, highlights the trading pane
This product is similar to Tick volume analizer Expert Advisor, however it is implemented as an indicator. Release of this product is stipulated by the fact, that it is not possible to run two EAs in the same window.
Tick volume is equal to amount of ticks at the unit of time. There is direct correlation between tick volume and real amount of deals. Every change of the price is a result of a real request to perform a deal. Consequently, fewer requests we have, the less price changes we get, an
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 Spread 2 Pair indicator visualizes moments of two instruments' convergence (collapse) start. Signals are not delayed so you can timely enter and exit the market.
This indicator is developed for pairs trading and creation of your own trading system based on difference in movements of trading instruments.
Unlike most of multi-currency indicators, the Spread Pair indicator does not load CPU, calculations are immediately performed, it is non-redrawable.
Settings of every currency pair provi
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 robot does not trade at night from 10 p.m. to 4 a.m. (server time).
The robot was tested in the special tester on real ticks. Empirical e
VirtualTradePad - is a contol panel for working with orders in МetaТrader 5 : buy, sell, buystop, buylimit, sellstop, selllimit, close, delete, modify, tralling stop.
VirtualTradePad won 2nd prize in the "Best Control Panel in the MQL5 Language" Contest.
The panel consists of 5 tabs.
VirtualTradePad PositionsStyle VirtualTradePad Ordersstyle VirtualTradePad SignalsStyleDemo version of the panel - VirtualTradePad LiteProfit or Loss PadINFO PadYou can also try this panel for
The Expert Advisor uses the strategy of trading the Fibonacci levels. As the basis for placing a grid, the EA uses the ZigZag indicator (included in the standard MetaTrader delivery).
First, the EA determines the trend direction. To do that, according to the Dow theory, it uses the last two Highs and last two Lows of the ZigZag.
If the last High is higher than the previous and the last Low is higher than the previous, the EA considers the trend to be ascending. If the last High is lower
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.
Times & Sales is a famous (and old!) trading tool. However, it is not present in MetaTrader 5 as a built-in tool.
DeltaTrader now presents this indicator for MetaTrader! It has the following characteristics:
Two flag modes: FOREX and EXCHANGE
FOREX: black color: last price = 1-Minute opening price / blue color: last price < 1-Minute opening price / green color: last price > 1-Minute opening price. EXCHANGE: black color: last price = between quotes / blue color: last price = bid price / gre
Forum on trading, automated trading systems and testing trading strategies
newdigital, 2015.04.24 05:52
EUR/USD, USD/JPY - Goldman Sachs (based on fxnews article)
Goldman Sachs updates its outlook on EUR/USD and USD/JPY noticing
that the latest messages form the ECB and BoJ seem to be 'lost in
translation'. The following are the key points in GS' note along with
its latest forecasts for EUR/USD and USD/JPY.
1- "When central banks are implementing QE – as the ECB and Bank of Japan clearly are – they deliver two basic messages. First,
they comment on whether the current pace of asset purchases is still
appropriate and, when it isn’t, they provide more accommodation, as the
BoJ did in October. Second, because QE is controversial, they
sing the praises of asset purchases, pointing to rising inflation
expectations and an improving growth picture," GS argues.
2- "We think this is what happened towards the end of the ECB
press conference on Apr. 15, when President Draghi made favorable
comments on the inflation and growth picture. The market heard exit, but
in our view this is a clear case of “lost in translation." GS adds.
3- "After all, President Draghi earlier in the press
conference argued forcefully that focus on early exit is premature and
that having this debate now is like “quitting a marathon after 1k.” Our
European economists continue to expect “full implementation” of ECB QE,
meaning an unchanged pace of asset purchases through at least Sep. 2016.
This is key to our view that a cyclical recovery in the Euro zone is
not a force for EUR/USD higher," GS clarifies.
4- "There was more “lost in translation” in Governor Kuroda’s speech on Apr. 19. The
market picked up headlines that “the underlying trend of inflation has
improved markedly,” but the more important message in the speech, in our
opinion, is that low inflation momentum is threatening to pull
inflation expectations lower (Exhibit 4), which will then set the stage
for additional monetary easing," GS notes.
5 "Our Japan Chief Economist forecasts additional
stimulus for July by way of duration extension of JGB purchases (akin to
"Operation Twist" in the US). Given how small speculative long
$/JPY positioning now is, we think there is room for the market to catch
up with real story in Japan, which is that another round of monetary
easing is coming," GS adds.
GS targets EUR/USD at 1.00 in 6-months and USD/JPY at 125 over the same end of period.
newdigital, 2015.04.25 09:17
The Biggest EURUSD Resistance Test of the Year ( based on dailyfx article)
“EURUSD rolled over at slope resistance but several longer term
technical observations are worthy of note; the rate found low at an
important long term level (line off of 2008 and 2010 lows) and the
ownership profile (as per COT) is at a record. The speculative crowd has
never been more bearish…ever. Such conditions typically precede
important reversals…although not necessarily right away. A break above
the resistance lines (old support) would indicate that behavior has
significantly changed and open up a run on 1.13.” It is decision time
newdigital, 2015.04.27 14:26
A Goldman Sachs EUR/USD Elliot Wave view (based on forexlive article)
"The market came close to testing 1.0911-1.0914
- 76.4% retrace of the Apr. 6th/13th drop and
76.4% of the swing target from Apr. 13th:
"If this is truly a wider/extended triangle,
then it suits the underlying view that there is still one last leg lower
to complete the 5-wave decline
This is reversal from the primary bearish to the bullish market condition with the secondary ranging.
newdigital, 2015.04.26 13:01
EURUSD forecast for the week of April 27, 2015, Technical Analysis (based on fxempire article)
The EURUSD pair
initially fell during the course of the week but found enough support
to turn things back around and form a hammer. However, we recognize that
the 1.10 level above is still resistive, so therefore it’s difficult to
take a longer-term trade. In fact, we are comfortable with longer-term
trades until we are well above the 1.15 level, which is something that
we are obviously not going to see anytime soon. With that, we remain on
the sidelines as far as long-term trades are concerned, but will pay
attention to the shorter-term daily chart.
newdigital, 2015.04.28 14:12
EUR/USD Testing Resistance (based on investing.com article)
EURUSD: Seeking the high 1.09s before down. The near-term grind
higher is still on; now testing resistance at the low end of the
descending 55 day exponentially weighted moving average band
(1.09151.1035). While short-term dynamic support at the flat "Kijun-Sen"
(1.0775) remains intact additional gains into the high-1.09s is the
best fit. but once there look for near-term bearish signals to take
advantage of. Current intraday stretches are located at 1.0790 and
Spot gold: On the lookout for a +$1,211 break.
The biggest single-day gainer since late Jan must count for
something.It now looks quite clear that the decline from the early Apr
high of 1,224 is, or rather was,a correctional descent. All that is
needed now is a +1.211 break to confirm this and to allow extension to
and through resistance at 1,22426. A short-term "Equality point" hints
that 1.257 is the next attraction/resistance to align aim at. Current
intraday stretches are located at 1,185 and 1,209.
Brent Crude: Could recheck the $62-level before.
The short-term bullish wave structure remains incomplete though it is
still valid. If the recent sellers' response leads to near-term bearish
initiative below mid-body support at 63.90; pencil in decline closer to
dynamic support, now starting at 62.00. A sub-60.70 overlap is however
not ideally wished for since it would complicate the wave count more.
S&P500: Bearish print on top.
The short-term "equality point" at 2,121 held buyers at bay with
sellers' response being strong there. The bearish print as a result
points lower near-term (with short-term momentum indicators running at
rich levels indicating an overstretch) and the ascending 8 day
"Tenkan-Sen", now at 2,092, could be retested - but a buyers' response
there (or no later than at 2,080) is likely. Current intraday stretches
are located at 2,090 and 2,121.
newdigital, 2015.04.28 18:02
EURUSD extends above next hurdle. What next? (based on forexlive article)
The EURUSD had a bit of up and down time of it as the NY session got underway, but the support level held (see earlier post) against the 1.0915-25 area.
newdigital, 2015.04.29 08:36
EUR/USD Forecast April 29, 2015, Technical Analysis (based on fxempire article)
The EUR/USD pair broke
higher during the course of the session on Tuesday, heading towards the
1.10 level. This is an area that we should see quite a bit of
resistance at, and with the Federal Reserve having its interest-rate
announcement and more importantly, the interest rate statement during
the session today, it’s very likely that we will have a catalyst for the
next move in this pair. Because of this, we believe that it’s only a
matter of time before the sellers step in, but we recognize that a move
above the 1.12 level would change everything. It is very possible that
we get some type of extraordinary move during the session. We believe
this move will dictate where the market goes next.
newdigital, 2015.04.29 14:48
if actual > forecast (or previous data) = good for currency (for USD in our case)
[USD - GDP] = Annualized change in the inflation-adjusted value of all goods and services produced by the economy. It's the broadest measure of economic activity and the primary gauge of the economy's health.
"Real gross domestic product -- the value of the production of goods and services in the United States, adjusted for price changes -- increased at an annual rate of 0.2 percent in the first quarter of 2015, according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter, real GDP increased 2.2 percent.
The Bureau emphasized that the first-quarter advance estimate released today is based on source data that are incomplete or subject to further revision by the source agency (see the box on page 3 and "Comparisons of Revisions to GDP" on page 5). The "second" estimate for the first quarter, based on more complete data, will be released on May 29, 2015.
The increase in real GDP in the first quarter primarily reflected positive contributions from personal consumption expenditures (PCE) and private inventory investment that were partly offset by negative contributions from exports, nonresidential fixed investment, and state and local government spending. Imports, which are a subtraction in the calculation of GDP, increased."
MetaTrader Trading Platform Screenshots
EURUSD, M5, 2015.04.29
MetaQuotes Software Corp., MetaTrader 5
EURUSD M5: 65 pips price movement by USD - GDP news event
newdigital, 2015.04.29 21:00
Federal Reserve policymakers see weakness in US economy (based on afr.com article)
The Federal Reserve pointed to weakness in the US labour market and
economy, in a sign that the central bank is struggling to proceed with
its plans to raise interest rates this year.
"The committee anticipates that it
will be appropriate to raise the target range for the federal funds
rate when it has seen further improvement in the labour market and is
reasonably confident that inflation will move back to its 2 per cent
objective over the medium term," the Fed said in its statement, following a two-day meeting of its policy-setting committee.
April: The Fed has taken a gloomier view of the economy: "Economic
growth slowed during the winter months, in part reflecting transitory
factors. The pace of job gains moderated ... Growth in household
March: "Information received since the (Fed) met in January suggests
that economic growth has moderated somewhat. Labor market conditions
have improved further, with strong job gains and a lower unemployment
EURUSD M5: 72 pips price movemment by USD - Federal Funds Rate news event