The price is on primary bullish with the secondary correction which was started in the middle of this month and it is continuing up to now: the price is breaking 0.7860 support level for the correction to be continuing with possible price reversal to the primary bearish by good possible breakdown.
D1 price is on primary bullish with secondary correction:
is on bearish market condition with secondary ranging between 0.7532 support and 0.8162 resistance levels
is on primary bearish with secondary ranging to be startedIf D1 price will break 0.7860
support level on close D1 bar so we may see the correction to be continuing with good possibility for breakdown up to reversal to the primary bearishIf D1 price will break 0.8162 resistance level so the bullish trend will be continuingIf not so the price will be ranging between 0.8162 and 0.7860 levels
SUMMARY : correction to breakdownTREND : reversal
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
MultiRSI indicator is a combined RSI indicator for several currencies allowing users to analyze their group movement.
Like all indicators of that kind, it helps identify the currency that is currently the most deviated from the market's general movement, as well as the most oversold or overbought currency in the cluster analyzed by RSI oscillator.
For example, the screenshots display the cluster of 7 currencies with Euro as a base one: EURUSD, EURGBP, EURCHF, EURAUD, EURCAD, EURJPY and EURNZD.
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.
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
Pivot Points MT5 is a universal color multicurrency/multisymbol indicator of the Pivot Points levels systems. You can select one of its three versions: Standard Old, Standard New and Fibo. It plots pivot levels for financial instruments in a separate window.
The system will automatically calculate the Pivot Point on the basis of market data for the previous day (PERIOD_D1) and the system of support and resistance levels, three in each.
A user can choose colors for the indicator lines.
DCMV Trade Channel Oscillator
The indicator calculates the values of DCMV trade channel oscillator:
Trade channel width. The value of trade channel depends on the trend (it increases at start of the trend and has the maximum values at end of the trend). The value of trade channel decreases at flat movement. The lowest values of channel width indicates the high probability of the very strong price movement.
The +DC line shows the "bulls" power. The -DC line shows the "bears" power. Th
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
AIIV EURUSD - Active Index Inflection Values EURUSD
The Indicator Shows:
The intensity and the direction of the movement of USD. The intensity and the direction of the movement of EUR. The inflection value of EURUSD.This indicator allows determining a state of inflection on the market with a delay of one-two candlesticks and a 60% precision (precision depends on the chart timeframe - the higher the timeframe, the more precise is the forecast).
AIIV is a series of indicators of inflection
The indicator consists of the two parts – entry system displayed on the chart and currency power analyzer.
The analyzer can take on values from 0 to 3:
the higher the value, the stronger the currency; the smaller the value, the weaker the currency; average values of the indicator suggest that the currency is in flat.Recommendations on usage:
Buy if Trader Dream shows Buy signal and the analyzer shows the currency's strength (the value exceeds 2). Sell if Trader Dream shows Se
The indicator is intended for determining the spread and swap size, the distance for setting stop orders and stop losses from the current price allowed and the risk per 1 point in the deposit currency.
The indicator informs a trader about possible additional expenses and profits connected with transferring a position to the next trade session of the financial instrument. It also informs about the spread size and the distance of pending orders, stop loss and trailing from the current price. In a
The indicator is based on readings of two oscillators: Bulls Power and Bears Power. It clearly shows the balance of buyers and sellers power. A signal for entering a deal is crossing the zero line and/or a divergence. When the volume filter is enabled, yellow histogram bar shows low trading volume (below average for 50 previous bars).
Period - calculation period, 13 on default; CalculatedBar - number of bars for displaying a divergence, 300 on default; Filter by volume -
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
This indicator gives full information about the market state: strength and direction of a trend, volatility and price movement channel. It has two graphical components:
Histogram: the size and the color of a bar show the strength and direction of a trend. Positive values show an ascending trend and negative values - a descending trend. Green bar is for up motion, red one - for down motion, and the yellow one means no trend. Signal line is the value of the histogram (you can enable divergence
Who will be interested in this product:
those who are used to diversify the portfolio with a large number of pairs. those who work with a large number of orders those who trade news using pending orders (see the "Grid request" tab).The panel is designed to make managing a large number of orders as easy as managing one.
The currency pairs and order types for opening are formed here. The prices and stop levels are set.
User can define the price valu
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 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 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
Unique "scalping" trend indicator with the feature of multi-layered smoothing of the resulting lines and a wide selection of parameters. It helps determine a probable change in the trend or a correction virtually near the very beginning of the movement. The toggled intersection arrows are fixed and appear at the opening of a new bar, but, with enough experience, it is possible to look for entry opportunities as soon as the indicator lines intersect at the unfinished bar. The signal appearance li
Energy line is calculated similar to kinetic energy in physics: E = (mv^2)/2. Tick volumes (money stock) are used as mass, while price rate of change (ROC) is used as velocity.
Energy direction (positive or negative) is defined by ROC direction.
Chaikin Volatility (CHV) indicator is additionally used. Since the volatility starts increasing before the price actually moves, CHV notifies of the increased market activity in advance. Calculations result in the energy release, which usually occurs b
The indicator determines and marks the short-term lows and highs of the market on the chart according to Larry Williams` book "Long-term secrets to short-term trading".
"Any time there is a daily low with higher lows on both sides of it, that low will be a short-term low. We know this because a study of market action will show that prices descended in the low day, then failed to make a new low, and thus turned up, marking that ultimate low as a short-term point. A short-term market high is just
The TrendX is a technical indicator which allows to determine not only the movement direction of the market, but also to identify the flat areas.
It is based on the CCI indicator and a combination of price patterns.
The indicator works on all symbols and timeframes.
Two parameters allow to customize the indicator as needed, PERIOD is the period of CCI and T_Value is the significance of the trend.
Main Pivots is an indicator which looks for pivots points on preset intervals (days, weeks, months, years, etc.). Then all extreme points are checked for splice and consistent support and resistance lines are formed. These lines are useful for detecting the best pivot points.
It finds a pair of pivot lines for each interval which correspond to Low (support line) and High (resistance line) of the price movement on the interval. Difference between these lines represemt the price movement for the
The Trend Strength is now available for the MetaTrader 5.
This indicator determines the strength of a short-term trend using the tick history that is stores during its operation.
The indicator is based on two principles of trend technical analysis:
The current trend is more likely to continue than change its direction. The trend will move in the same direction until it weakens.The indicator works on the M30, H1, H4 and D1 timeframes.
It is easy to work with this indicator both in manu
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.
This Expert Advisor trades news on any timeframe.
The news are downloaded from the Forex Factory website. Make sure to add the URL to the terminal settings.
The EA is launched on a single chart and defines all necessary pairs for trading on its own.
The robot works with pending orders setting two Buy stop and Sell stop orders before a news release.
It determines the time zones of the calendar and terminal automatically. Make sure to add the time.is URL to the terminal settings.
The EA can b
The indicator generates early signals basing on ADX reading data combined with elements of price patterns.
Works on all symbols and timeframes.
The indicator does not redraw its signals. You see the same things on history and in real time.
For better visual perception signals are displayed as arrows (in order not to overload the chart).
The indicator is a complete analogues of the Trend Monitor indicator for MetaTrader 4
The best results are obtained when the indicator works o
The indicator is based on the digital window-sinc filter with an excellent frequency division. Due to this property you can get a very smooth indicator line.
The indicator has three lines: the central line indicates the main trend direction and the "fair" price, the other two lines show the price range. When the central line is read, it is recommended to buy from the bottom line and close a position above the central line. When the line is blue, do the opposite - sell from the upper line and cl
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
This is a classical trading strategy, which falls into the category of breakout systems. They form support and resistance levels, which temporarily limit further price movement. When the price breaks down the support level or breaks up the resistance level, there emerges a strong momentum in the breakout direction, which allows to make profit on strong price movements with moderate risk.
To create the strategy, we used historical data with the quality of history of 99.9%.
It uses filtration o
Trade Channel Indicator DCMV
The DCMV Indicator calculates the following Channel characteristics:
Channel Bounds (for TP and SL). It's assumed that price will never go outside the channel.Center Line of the Channel.Settlement price (with probability 90% the price will return to this line).Reference line (used for detection of trend).Upper and Lower breakborder. Used for generation of trade signals: channel breakout (trend strategies), false breakouts (flat strategies).Usage:
The indicator pro
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2015.05.23 12:35
Forex Weekly Outlook May 25-29 (based on forexcrunch article)
The US dollar made a comeback and the greenback was a big loser in a
week that saw trends change. And now, US Durable Goods Orders, Consumer
Confidence as well as UK, Canadian and US GDP data stand out. These are
the highlight events in Forex calendar. Here is an outlook on the main
market-movers for this week.
The Federal Reserve released minutes from its April 28-29 policy
meeting, revealing the planned rate hike will not take place in June.
Despite growing confidence in the US economic recovery, the recent data
suggest a temporary slowdown. Weaker consumer spending, slow growth and
employment data led policy makers to postpone their decision on raising
rates. Fed officials were also disappointed that falling oil prices did
not spur growth as anticipated and that the recent dollar softness muted
inflation. The Fed has reiterated it will not raise rates until it is
“reasonably confident” that prices are moving toward its 2% target. Will
the US economy rebound from its recent soft patch? In the euro-zone,
talk about front-loading QE hit the euro in particular. The common
currency reversed its previous gains. In the UK, inflation dipped below
0% and in Japan GDP came out better than expected.
Sergey Golubev, 2015.05.25 10:49
Forex technical analysis: AUDUSD makes a break back below the 100 day MA (based on forexlive article)
The AUDUSD made another stride in the bears direction by falling below
the 50 % retracement of the move up from the April 1 low and the 100
day MA (blue line in the chart above). Those levels come in at 0.7847
and 0.78415 respectively. This is the new risk defining level for the
pair. Stay below and the bears remain in control. Move above and the
waters get more muddy.
The pair has been down 6 of the last 7 days. The high corrective price
today, stalled right at the 100 hour MA (blue line in the chart below).
Traders short from that risk defining level, were rewarded with a kick
lower after the US CPI data. Next support target at 0.7800, then 0.7772
(61.8% of the move up).
Sergey Golubev, 2015.05.25 18:34
Yellen's Words Fuels The Greenback's Rise (based on forbes article)
"The U.S. dollar hit a two-month high against the yen and is holding firm
against other Group of 10 currencies on Monday after Federal Reserve
Chair Janet Yellen suggested late last week the central bank will raise
interest rates in 2015."
"With U.S. markets and most of Europe on holiday today, the thinned
trading conditions will have most investors looking ahead to tomorrow’s
forward-looking U.S. durables data, and Friday’s release of second
estimate of U.S. gross domestic product (GDP) as key fundamental touch
points for the dollar’s direction. Obviously, any news on Greece or of a
potential Grexit will have an immediate impact on the EUR, similar to
what happened in the overnight session in Asia."
"Yellen argued that the slowdown in first-quarter GDP
growth was “largely” due to temporary factors, such as the record cold
weather and a port dispute. The market took “largely” as being more
important or convincing than Yellen’s “in part” verbiage that was used
in the most recent FOMC statement (there will be a rebound in growth in
the second quarter)."
"Yellen repeated her assessment that “it will be appropriate at some
point this year to take the initial step to raise the federal funds
target.” Not a very transparent statement on timing, but if you include
rebounding economic growth, plus a pickup in consumer prices that’s
supported by wage growth, you have a fixed-income market now pricing in a
rate hike no later than September."
Sergey Golubev, 2015.05.26 06:12
Sell AUD/USD At S/T Resistance; Sell EUR/USD At Breakout Zone - Credit Suisse (based on efxnews article)
Credit Suisse looked at the technical setups for AUD/USD, and
EUR/USD where CS is bearish near-term, and recommends selling
limit-orders on approaching specific technical levels.AUDUSD
Starting with AUD/USD, CS notes that the immediate focus turns towards a cluster of supports at .7790/74.
"AUDUSD has reversed its early gains, completing a bearish “outside”
session to weigh on a cluster of supports at .7790/74 - the early May
low, 61.8% retracement and 55-day average support – where we would
expect fresh buying to show here". "A direct break lower though can trigger further selling for .7683
initially, followed by a stronger support from the range lows at
.7555/33. Near-term resistance moves lower to .7861/67, followed by .7936. Above can target .7976/86 and then .8030/63 which we look to ideally cap".
CS runs a limit order to sell AUD/USD at 0.7855, targeting a move to 0.7605.
EURUSD"We look for further weakness here to test the 55-day average at 1.0918 at first, through which can aim at the 61.8% retracement level at 1.0849/43, followed by the low end of the former range at 1.0660/14". "Near-term resistance moves to 1.1062, then 1.1101 with
price and “neckline” resistance at 1.1208/48 expected to cap to keep
the trend lower. Strategy: Flat. Sell at 1.1060, stop above 1.1248 for
Sergey Golubev, 2015.05.26 09:42
AUD/USD – Consolidates Below Key 0.7850 Level (based on marketpulse article)
During the early hours of the Asian trading session on Tuesday, the
AUD/USD is trading in a very narrow range above 0.7820. Current range:
trading right above 0.7820.
Further levels in both directions:
• Below: 0.7700.
• Above: 0.8200.
Sergey Golubev, 2015.05.26 20:04
Tech Setups For EUR/USD, USD/JPY, GBP/USD, AUD/USD - Barclays (adapted from efxnews article)
The following are the latest technical setups for EUR/USD, USD/JPY,
GBP/USD, and AUD/USD as provided by the technical strategy team at
EUR/USD: Our bearish view was encouraged by the close
below former range highs near 1.1055. We are looking for a move lower
towards targets near 1.0850 and then the 1.0660 area. Our greater
targets are towards 1.0460. 1.1055 reverts to resistance.
USD/JPY: The break above the 122.05 highs confirms our
bullish view and completion of the six-month range trade. Our greater
upside targets are in the 124.15 area.
GBP/USD: Last Friday’s bearish engulfing candle and
the subsequent move through 1.5445 signals a squeeze lower towards our
targets near 1.5335. Breaking below there would signal deeper setback
towards 1.5130, the 50-dma.
AUD/USD: Last week’s bearish engulfing candle
encourages our bearish view. A close below our initial downside targets
near 0.7790 would signal lower towards 0.7680.
Sergey Golubev, 2015.05.27 08:10
Cool Down: A Look At AUD/USD (adapted from seekingalpha article)
"With below trend growth, low inflation expectations and an accommodative
monetary policy, it is difficult to see strengthening in AUD/USD. As a
result the recent rally in AUD/USD should be shorted. Investors and
traders without access to a forex account should consider to short FXA
at current levels and exit the position when AUD/USD falls to 0.7635, a
Sergey Golubev, 2015.05.27 18:14
RBA Deputy Gov Lowe Speaks - Due to speak at the Thomson Reuters’ 3rd Australian Regulatory Summit, in Sydney (adapted from exchangerates.org.uk article)
The Australian Dollar softened against a host of other majors after
central bank warnings resonated with investors. Reserve Bank of
Australia (RBA) Deputy Governor Phillip Lowe spoke at a business
conference this week and suggested that the markets should expect some
extreme volatility if the Federal Reserve begins to increase borrowing
costs. However, the weaker ‘Aussie’ would be favourable to the central
bank which has made numerous attempts to jawbone the currency.
Sergey Golubev, 2015.05.28 07:48
if actual > forecast (or previous data) = good for currency (for AUD in our case)
[AUD - Private Capital Expenditure] = Change in the total inflation-adjusted value of new capital expenditures made by private businesses. It's a leading indicator of economic health - businesses are quickly
affected by market conditions, and changes in their investment levels
can be an early signal of future economic activity such as hiring,
spending, and earnings.
MetaTrader Trading Platform Screenshots
AUDUSD, M5, 2015.05.28
MetaQuotes Software Corp., MetaTrader 5
Sergey Golubev, 2015.05.28 12:51
AUD Resuming Downtrend Backed by FX Sentiment & Volume Analysis (adapted from dailyfx article)
The recent spike in AUDUSD happened on muted volume,
which favors prior trend. Combining the lack of volume on the terminal
move in an addition to the following factors of sentiment and chart
patterns. This article will guide you through what to look for on the
chart while adding sentiment and volume analysis to see if the trend is
ready to resume or rather a reversal is underway.
Technical analysis looks for potentially repeatable patterns that can provide an edge, so long as risk is managed. The chart above shows AUDUSD traced out a clean broadening pattern
(diverging red trend lines), which communicates trend interruption more
than trend reversal and often favors a new low is likely in a larger