This is the thread about books related for stocks, forex, financial
market and economics. Please make a post about books with possible cover
image, short description and official link to buy (amazon for example).
Posts with links to unofficial resellers will be deleted
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
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
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 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 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
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
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
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 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
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
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 MACD indicator in MetaTrader 4/5 looks different than the MACD indicator in most other charting software. That's because the MetaTrader 4/5 version of MACD displays the MACD line as a histogram when it is traditionally displayed as a line. Additionally, the MetaTrader 4/5 version computes the Signal line using an SMA whereas according to MACD definition it's supposed to be an EMA. The MetaTrader 4/5 version also does not compute a true MACD Histogram (the difference between the MACD/Signal l
The indicator plots horizontal support and resistance levels using grouping of extrema. The levels are displayed as lines whose color depends on how many times the level was a support or resistance line over the specified interval. You can also display counters for support, resistance and age of the level in text format. The age of the level indicates how many bars back the level had the most recent impact on the price (on the chart time frame as specified in the settings). Given the age of the
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
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
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
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
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
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
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
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
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
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 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.
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 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 is an extended version of Heiken Ashi indicator with the ability to average (smooth) the values for the specified period of bars and select the applied price: considering "Open price" or not. The description is provided in the parameters. Three screenshots are displayed below: standard version (1 bar), 3 bars and 5 bars.
МetaTrader 4 version: https://www.mql5.com/en/market/product/7326
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 indicator calculates the quantum frequencies using the current market data. The quantum frequencies are used in Spectrum analysis of automated trading systems to create quantum filters for selecting signals, i.e. skipping trades that are likely to be unprofitable.
How It Works
It analyses the trade results of automated trading system for each frequency (512 frequencies are used). Calculation of the frequency response to search for "profitable" and "unprofitable" f
Forum on trading, automated trading systems and testing trading strategies
Something Interesting to Read February 2015
Sergey Golubev, 2015.02.11 10:07
Something Interesting to Read March 2014
Sergey Golubev, 2014.03.01 20:59
Human Action: A Treatise on Economics
Ludwig Von Mises
2012 Reprint of 1949 Edition. Exact facsimile of the original edition,
not reproduced with Optical Recognition Software. "Human Action: A
Treatise on Economics" is the first comprehensive treatise on economics
written by a leading member of the modern Austrian school of economics.
Von Mises contribution was very simple, yet at the same time extremely
profound: he pointed out that the whole economy is the result of what
individuals do. Individuals act, choose, cooperate, compete, and trade
with one another. In this way Mises explained how complex market
phenomena develop. Mises did not simply describe economic phenomena -
prices, wages, interest rates, money, monopoly and even the trade cycle -
he explained them as the outcomes of countless conscious, purposive
actions, choices, and preferences of individuals, each of whom was
trying as best as he or she could under the circumstances to attain
various wants and ends and to avoid undesired consequences. Hence the
title Mises chose for his economic treatise, "Human Action."
Something Interesting to Read April 2014
Sergey Golubev, 2014.03.31 05:59
Trades About To Happens : A Modern Adaptation Of The Wyckoff Method
While Richard Wyckoff's search to develop a "trained judgment" for
trading began decades ago, his method—which has been modified to account
for changes in market conditions, but remains true to his original
work—continues to draw great interest from traders around the world.
Author David Weis is a trader and market analyst with nearly forty years
of experience in this field. A recognized authority on the trading
methods of Richard Wyckoff, he understands how to utilize the principles
behind Wyckoff's work and make effective trades with them. And now,
with Trades About to Happen, he skillfully reveals how to adapt
Wyckoff's techniques to excel in today's volatile markets.
Engaging and accessible, this reliable resource looks at Wyckoff's
approach from a more modern perspective and shows how you can logically
interpret bar charts and wave charts to find trades about to happen. By
studying the chart examples in this book, you'll gain tremendous insight
into reading what markets are saying about themselves and develop the
ability to locate turning points of different degrees. Page by page,
Weis facilitates your learning by:
Along the way, Weis introduces the adaptations he has made to Wyckoff's
original tape-reading tools—which are better suited for the enormous
volatility of today's stock and futures markets—and can be applied to
intraday and daily price movement.
When it comes to Wyckoff analysis, it's easy to forget that the world of
chart reading is not black or white, but gray. One has to have an open
mind rather than a fixed, pre-conceived ideal. Trades About to Happen
will help you achieve this goal as you discover how to develop the feel
and intuition of a successful trader and become better equipped at
adapting the Wyckoff method to today's dynamic markets.
Something Interesting to Read November 2014
Muhammad Syamil Bin Abdullah, 2014.11.08 08:16
Trade Mindfully: Achieve Your Optimum Trading Performance with Mindfulness and "Cutting Edge" Psychology
Overcome psychological obstacles to increase trading success Successful
traders need to be well-versed and skilled in a wide range of business
and economic areas. But now, in addition to effective trading strategies
and sound money management techniques, traders need to possess the
know-how to handle the mental and emotional challenges of working in a
highly volatile environment. Excellence in Trading is a unique
resource that applies cutting-edge psychological techniques to trading
skills, allowing readers to improve their mental outlooks and maximize
the potential of their trading strategies. This book draws upon recent
psychological research in behaviorism to teach new approaches that call
for better focus, more confidence, and more positive perspectives and
outcomes. One of the key concepts covered in the book is mindfulness, a
state of mind traditionally touted in the East for its ability to reduce
stress and increase perspective, useful qualities for traders looking
to rise above emotional obstacles and the poor results they cause. The
author also discusses the importance of High Value Trading Actions
(HVAs), specific actions that are under a trader's control. With this
guide, trading professionals will be able to form solid strategies based
on a combination of these notions and practices, leading to higher
levels of trading performance. Applies sound psychological practice and
evidence-based research to the trading profession Covers the
psychological perspectives and mental skills needed to succeed in
today's trading world Focuses on key concepts that lead to deliberate
practice, specific trading activities, and increased awareness and focus
Designed to help traders deal with the emotional challenges that come
with uncertainty and risk Excellence in Trading touches on the most
essential concepts for anyone intrigued by what trading psychology has
to offer, and delivers the best strategies for achieving the right
mental skills for peak performance.
Sergey Golubev, 2014.11.17 10:11
William J. O'Neil
The Wall Street Journal, New York Times, BusinessWeek, and USA Today Business Bestseller!
From the publisher of Investor's Business Daily and best-selling author of How to Make Money in Stocks, comes the National Bestseller, 24 Essential Lessons for Investment Success,
two dozen of the most important lessons for investors. In this one
accessible guide, William J. O'Neil puts his popular and easy-to-follow
techniques for building a profitable portfolio firmaly in the hands of
investorsand the goal of long-term financial security easily within
24 Essential Lessons for Investment Success is based upon the closely followed "26 Weeks to Investment Success" editorials that appear in Investor's Business Daily.
Edited and updated, O'Neil's timeless advice encapsulates such
investing nuggets as buy high and sell higher to making a million in
mutual funds. Concentrate your investments in a few areas, know them
well, and watch them carefully.
Don't just rely upon PE ratios
and other common technical tools. Learn to use Relative Price Strength
to help you choose stocks. O'Neil's cautionary yet pro-active advice has
helped to make Investor's Business Daily one of America's
fastest growing and most respected newspapers. Now investor's can
benefit from his timeless words of wisdom, collected in one easy-to-use
The Fundamental Rules of Risk Management, Nigel Da Costa Lewis
The consequences of taking on risk can be ruinous to personal finances,
professional careers, corporate survivability, and even nation states.
Yet many risk managers do not have a clear understanding of the basics.
Requiring no statistical or mathematical background, The Fundamental
Rules of Risk Management gives you the knowledge to successfully handle
risk in your organization.
The book begins with a deep investigation into the behavioral roots of
risk. Using both historical and contemporary contexts, author Nigel Da
Costa Lewis carefully details the indisputable truths surrounding many
of the behavioral biases that induce risk. He exposes the fallacy of the
wisdom of experts, explains why you cannot rely on regulators, outlines
the characteristics of the "glad game," and demonstrates how high
intelligence or lack thereof can lead to loss of hard-earned wealth. He
also discusses the weaknesses and failures of modern risk management.
Moving on to elements often overlooked by risk managers, Dr. Lewis
traces the link between corporate governance and risk management. He
then covers core lessons surrounding the role of risk managers as well
as the difficult subject of integrated, single lens analysis of risk.
The book also explores aspects of spreadsheet risk and draws on lessons
learned in the information systems and software engineering communities
to provide guidance on selecting the right risk management system. It
concludes with a discussion on the most dominant of risk measures—value
Having a clear understanding about risk separates successful
professionals, companies, and economies from history’s forgotten
failures. Through examples and case studies, this thought-provoking book
shows how the rules of risk can work to protect and enhance investor
Bernard M. Baruch: The Adventures of a Wall Street Legend
Not many financial figures develop reputations that outlast their
lifetimes, but the subject of James Grant's comprehensive 1983 biography
is one of them. Re-released with a new foreword, Bernard Baruch: The Adventures Of A Wall Street Legend
tells the inspiring story of an extraordinary financier who made his
first million at the turn of the century and was eventually asked to
share his knowledge with every U.S. president from Woodrow Wilson to
John F. Kennedy.
Sergey Golubev, 2014.11.19 18:56
by John Boik
From the author of three market books published by McGraw-Hill, Lessons From the
Greatest Stock Traders of All Time was chosen by Barron's as one of the
top 25 Best Books of 2004. A former stockbroker and currently a
financial controller, his second book was released in April 2006 titled
How Legendary Traders Made Millions.
Learn how to generate profit, from history's most celebrated traders including William J. O'Neil, Jesse Livermore, and others.
In How Legendary Traders Made Millions,
award-winning investment author and historian John Boik has created the
first book to put the strategies of history's top traders in one place.
Revealing how each trader took advantage of distinct market situations,
it details the hands-on specifics of each trade as well as the
economic, political, and stock market environments in which the strategy
Something Interesting to Read December 2014
Sergey Golubev, 2014.12.03 06:06
Super Trader, Expanded Edition: Make Consistent Profits in Good and Bad Marketsby
"Let your profits run!"
It's the golden rule by which all Super Traders live. With the help of
investing guru Dr. Van K. Tharp, you can join the ranks of full-time
traders who consistently master the market.
provides a time-tested strategy for creating the conditions that allow
you to reach levels of trading success you never thought possible.
Providing expert insight into both trading practices and psychology,
Tharp teaches you how to steadily cut losses short and meet your
investment goals through the use of position sizing strategies--the keys
to steady profitability. Tharp offers concepts and tactics designed to
Tharp's proven methods, you can live the dream of enjoying
above-average profits under various market conditions--up, down, and
sideways. Tharp's wisdom, perspective, and tactical expertise are
legendary in the world of trading. Follow the master down the path to
trading excellence with Super Trader.
How do you transform
yourself from a mild-mannered investor into a proactive trader who
outperforms the market day-in and day-out. Think clearly. Plan
accordingly. Commit completely. In other words, become a trader. No one
is better suited to help you make the transformation than legendary
trading educator Dr. Van K. Tharp.
Combining the sharp insight
and technical brilliance that have drawn legions of investors to his
books and seminars, Tharp provides a holistic approach for becoming a
successful full-time trader. His system--a meld of investing psychology
and sound trading practice--is the secret to achieving optimum
conditions that produce results in both bull and bear markets.
Using the lessons of Super Trader,
you will approach trading as you would a small business--realistically,
systematically, and enthusiastically. Drawing on his decades of
experience, Tharp has created a simple plan designed to help anyone
successfully navigate the market that includes the following:
the book, Tharp raises the pertinent questions you must ask yourself
about becoming a trader, being a trader, and succeeding as a trader.