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
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
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
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 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 indicator of support and resistance levels. A very good helper, fits any style of trading. It has a lot of parameters for adjustment.
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
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
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.
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 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
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 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
Prime Scalper EA is uses the strategy based on the breakdown of the most optimize support and resistance levels. Is optimized using real ticks with 99.90% model quality. Uses fixed stop loss and trailing stop of profitable trades in its operation.
This EA works on EURUSD with M30 time-frame. Fully automated trading 24/5. No need in a large initial deposit. No Martingale, No Grid. Always uses Stop Loss to protect capital. Position trailing stop is used. Both
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
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
qAutoActivation indicator is one of the main components of Trading Chaos Expert trading expert panel. The indicator displays the current trend on the current timeframe. This is the first indicator that is attached to the chart and saved in the trading complex template. It defines what trading signals from the expert panel should be automated for market entry (bullish or bearish ones).
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
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
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
Professional Constrictor Expert Advisor follows the market using the Parabolic Stop and Reverse system indicator. At each Parabolic SAR indicator signal, a position is opened in the direction approaching the indicator. In case of an opposite signal, a new position closing the previous one is opened (in other words, positions are opened and closed partially). Thus, the EA constantly follows the price.
The EA has been designed for working in the flat market. It features a critical drawdown, at wh
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.
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 trade strategy is based on three moving averages. To determine the trend, it uses three exponentially smoothed moving averages: FastEMA, MediumEMA and SlowEMA.
Buy signal: FastEMA>MediumEMA>SlowEMA (upward trend).Sell signal: FastEMA<MediumEMA<SlowEMA (downward trend).Input parameters:
Inp_Signal_ThreeEMA_FastPeriod = 8;Inp_Signal_ThreeEMA_MediumPeriod = 38;Inp_Signal_ThreeEMA_SlowPeriod = 48;Inp_Signal_ThreeEMA_StopLoss = 400;Inp_Signal_ThreeEMA_TakeProfit = 900;Inp_Money
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
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
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 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
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
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