Daily price is on primary bullish with the secondary ranging between
1.1436 resistance level and 1.1150 support level which was started on close
daily bar in the beginning of this month. The price is located above
Ichimoku cloud/kumo for primary bullish with Chinkou Span line to be
crossed with the price from above to below and to below to
above few times since 5th of June this year which is indicating the ranging market condition.
is on bearish market condition with secondary ranging between 1.0659
(W1) support level and 1.1466 (W1) resistance level.
is on ranging bearish with 1.0461 support level.If D1 price will break 1.1150
support level on close D1 bar so the price will be fully reversed to the primary bearish market condition.If D1 price will break 1.1436 resistance level so the bullish trend will be continuing with possible good breakout.If not so the price will be on ranging between 1.1150 and 1.1436 levels.
SUMMARY : bullishTREND : ranging
CandleTimer is an indicator that can be usable for scalper and short-term traders. It shows the following useful information:
Remaining and past time of a candle on the current chart or other timeframe Alarm setting for play sound at the start of the current candle Show SL/TP line defining whether the indicator has a Sell or Buy order or both Show a spread value Show Ask and Bid lines in different colors in high and low spread Compatible with a money management EA (you can buy it separat
MetaCOT 2 is a set of indicators and specialized utilities for the analysis of the U.S. Commodity Futures Trading Commission reports. Thanks to the reports issued by the Commission, it is possible to analyze the size and direction of the positions of the major market participants, which brings the long-term price prediction accuracy to a new higher-quality level, inaccessible to most traders.
These indicators, related to the fundamental analysis, can also be used as an effective long-term filte
DeltaVolumeDistribution indicator can be considered as the fusion of the DeltaVolume and TradeSizeDistribution indicators.
This indicator, inspired by the MarketDelta-family charts, computes the net difference between trades occurring at bid and at ask, while trades occurring between bid and ask quotes are not computed. The indicator plots the resulting DeltaVolume as a unique distribution plot.
With the DeltaVolumeDistribution indicator you will actually be able to see the order flow entering
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.
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
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 indicator displays economic news on the currency chart (the appropriate data must be downloaded from the Internet - please see the download instructions on the screenshots provided). The list of currencies (countries) is customizable. By default it shows all currencies. The main parameters come with a built-in description. In addition, there are parameters for advanced users. News items are divided into 3 categories by degree of importance. There is a great flexibility in display parameter s
Market Profile defines a number of day types that can help the trader to determine market behaviour. A key feature is the Value Area, representing the range of price action where 70% of trading took place. Understanding the Value Area can give traders valuable insight into market direction and establish the higher odds trade. It is an excellent addition to any system you may be using.
Blahtech Limited presents their Market Profile indicator for the MetaTrader community. Inspired by Jim Dalton’s
The indicator determines the inside bar and marks its High/Low. It is plotted based on the closed candles (does not redraw). The identified inside bar can be displayed on the smaller periods. You may set a higher period (to search for the inside bar) and analyze on a smaller one. Also you can see the levels for Mother bar.
Period to find Inside Bar — the period to search for the inside bar. If a specific period is set, the search will be performed in that period. Al
Easy Order is an Expert Advisor allowing you to enter any type of trade with one click based on your RISK preferences.
You can choose to enter a trade and automatically calculate your lot size based on how much of your account you want to risk. Risk is calculated based on your Stop Loss placement. You can use a fixed lot size if you don't want to use risk based calculation of lot size. Your previous setting of risk based or fixed lot size remains saved for your next use of this Expert Advi
Virtual TrailingStop is an Expert Advisor that manages trailing stop without sending its information to the broker server.
EnableVirtualTrailingStop: enable or disable whole function VirtualTrailingStop: the pip use for determine how far the Virtual Trailing Stop will placed calculated from current price StartFromBreakEven: true/false. If true, Virtual Trailing Stop will placed after breakeven BreakEvenPoint: point profit from order open price where the Virtual 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
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
Trade Copier Pro is a powerful tool to copy trade remotely between multiple accounts at different locations over internet. This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not be able to receive the signal after that
COSMOS4U Volume indicator facilitates your trade decisions. It gives confirmation of the running movement and market trends. It highlights current and past accumulation and distribution volumes, comparing them to moving average volume and the highest volume. In addition, it identifies and marks nuances as well as convergence and divergence patterns of bears and bulls in order to provide the market trend and price ranges.
The supported features are as follows:
Fast Volume Moving Average Slow
Ichimoku Kinko Hyo is a purpose-built trend trading charting system that has been successfully used in nearly every tradable market. It is unique in many ways, but its primary strength is its use of multiple data points to give the trader a deeper, more comprehensive view into price action. This deeper view, and the fact that Ichimoku is a very visual system, enables the trader to quickly discern and filter "at a glance" the low-probability trading setups from those of higher proba
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 Expert Advisor implements the classic "triangular arbitrage", which is successfully used by hedge funds.
"Triangular" arbitrage refers to a class of neutral-market strategies, in which the profit or loss of open positions does not depend on the direction of the market movement as a whole.
In order to take profit, the EA exploits a weak spot of market makers - it utilizes the difficulty of balancing cross rates of all currency pairs.
The advantages of the strategy are the following:
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
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 fractal analysis of the markets is used in the indicator operation algorithm. According to the fractals theory, after the breakthrough of the fractal level confirmed by the closing price located below or above the fractal, the trend wave in the direction of the breakthrough starts to develop. Until the fractal has been passed in the opposite direction, the trend is considered to be acting even if the price is flat or moves backwards. If a bullish fractal has been previously broken through on
We present you an effective software solution for arbitrage between brokers.
The Arbitrage on the market became widespread due to decentralization. There are many liquidity providers, whose quotes differ for various reasons. By tracking the dynamics of changes in the quotes of different brokers, it is possible to determine the delayed and leading brokers, thereby predicting the future prices of the delayed broker for a short time. Knowing these prices and using efficient built-in software filte
Auto Trade Copier is designed to copy trades between multi MetaTrader 5 accounts/terminals with 100% accuracy.
With this tool, you can act as either a provider (source) or a receiver (destination). All trading actions will be copied from the provider to the receiver with no delay.
Note: Demo version for testing can be downloaded at: https://www.mql5.com/en/market/product/5006.
Followings are highlight features:
Switch between Provider or Receiver role within one tool.One provider can copy tr
The 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
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.
MACD All MAs-14 is a MACD indicator that allows choosing usual parameters of the standard MACD (constructed from EMA) as well as the type of the moving average to be applied: up to 14 different types.
You can select 9 standard MAs available in MetaTrader 5 - SMA, EMA, SMMA, LWMA, DEMA, TEMA, Frama, VIDYA, AMA, TRIX, and 4 non-standard - LRMA, HMA, JMA, AFIRMA.
Method MA - select the type of moving average to be displayed in the current graph. Period slow MA - the number
Exp COPYLOT CLIENT for MT5 is a copier for the МetaТrader 5 platform. It copies forex trades from any accounts. Including those from terminals МТ5 and МТ4.
Install the Expert Advisor in the terminal where you want to copy trades. Specify any text label name as pathRead, for example, "COPY". This should match the master terminal (to bind the two terminals). To copy trades, you need to install the free Master copier in the terminal from where you want to copy the trades: COPYLOT
The Heiken Ashi indicator drawn using a tick chart. It draws synthetic candlesticks that contain a definite number of ticks.
option prices - price option. It can be Bid, Ask or (Ask+Bid)/2. the number of ticks to identify Bar - number of ticks that form candlesticks. price levels count - number of displayed price levels (no levels are displayed if set to 0 or a lower value). calculated bar - number of bars on the chart.Buffer indexes: 0 - OPEN, 1 - HIGH, 2 - LOW, 3 - CLOSE.
Auto Trade Driver is an automatic powerful tool (run as Expert Advisor) that helps you to manage risk and control orders and maximize your profit in multi-protect/trailing-stop rules.
This tool is very useful for both scalpers and trend followers. It not only calculates the trade risk exactly, but also protects and maximizes your profits in real-time.
With this tool, the only thing you have to do is to enter trade by your own strategy, then it will auto-drive your position with exit strategy y
Averager is intended for averaging your deals that has had a drawdown or had gone against the trend.
An example of operation of the averager in an Exeprt Advisor in the MetaTrader 5 terminal: Exp - TickSniper. The system is identical to the averaging system created for MetaTrader 4. A demo version of the averager for MetaTrader 5: Averager DEMO.Note: this is not an automated trading system (the EA doesn't work in the strategy tester). It monitors your deals and averages them in case o
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2015.06.21 11:48
Morgan Stanley: Outlooks For USD, EUR, JPY, GBP and AUD (based on efxnews article)
"We remain medium-term USD bulls, but we continue to believe USD will
struggle in the near term. We believe inflation readings
will have more importance with employment bouncing back but core
inflation remaining low. Should inflation start materially surprising to
the upside, the Fed may need to reconsider its plan for a very muted
"We remain bearish EUR over the medium term, but see scope for near term
support. Should European equities sell off as concerns about Greece
rise, European investors would need to buy back their short EUR currency
hedges. That said, Greece remains a major risk and tensions are
escalating, which could drive markets to increase the risk premia in the
price of EUR, weighing on the currency."
"We believe JPY is likely to be one of the outperformers over the next
few weeks, due to a few factors."
"GBPUSD is being mainly driven by rate expectations. The strong wage
data this week should bring forward the first rate hike in the UK and
keep GBP supported. We particularly like buying against more vulnerable
"We remain bearish on AUD as we expect risk appetite to soften amidst
rising volatility and tighter liquidity, removing support for carry
currencies. What’s more, the RBA suggested there is scope for further
rate cuts, and specified the need for further currency depreciation
going forward. With external and domestic factors both suggesting AUD
should be lower, we remain bearish."
Sergey Golubev, 2014.01.17 15:52
How Forex News Traders Use ISM Numbers (adapted from dailyfx article)
NZDUSD M5 : 17 pips prrice movement by USD ISM Manufacturing PMI :
What is ISM?
A country’s economy is as strong as its supply chain. The Institute for
Supply Management (ISM) measures the economic activity from both the
manufacturing side as well as the service side. Formed in 1915, ISM is
the first management institute in the world with over 40,000 members in
90 countries. Since it can draw from information gathered from the
surveying its large membership of purchasing managers, the ISM economic
news releases are carefully watched by Forex traders around the world as
a reliable guide to economic activity.
ISM publishes three surveys; manufacturing, construction, and services.
Published on the first business day of the month, the ISM Purchasing
Managers Index (PMI) is compiled from surveys of 400 manufacturing
purchasing managers. These purchasing managers from different sectors
represent five different fields; inventories and employment, speed of
supplier deliveries, production level, and new orders from customers.
XAUUSD M5 : 3345 pips price movement by USD - ISM Non-Manufacturing PMI news event :
In addition, ISM construction PMI is released on the second business day
of the month, followed by services on the third business day. Forex
traders will look to these releases to determine the risks at any given
time in the market.
EURUSD M5 : 37 pips price movement by USD - ISM Non-Manufacturing PMI news event :
Forex Market Impact
The Manufacturing and Non-manufacturing PMI’s are big market movers.
When these reports come out at 10:30 AM ET, currencies can become very
volatile. Since these economic releases are based on the previous
month’s historical data gathered directly from industry professionals,
Forex traders can determine if the US economy is expanding or
Forex traders will compare the previous month’s number with the
forecasted number that economists have published. If the released PMI
number is better than the previous number and higher than the forecasted
number, the US dollar tends to rally. This is where fundamental and
technical analysis comes together to create a trade setup.
AUDUSD M5 : 21 pips price movement by USD - ISM Non-Manufacturing PMI news event :
In the example above, notice how the better than expected PMI number
triggered a US dollar rally against the Euro. As seen in the chart above
of the EURUSD, the ISM Non-Manufacturing was not only above 50 but at
55.4, beat the forecasts calling for a drop from 54.4 to 54.0.
When an economic release beats expectations, like in the example above,
sharp fast moves can result. In this case, EURUSD dropped 22 pips in 15
minutes. Traders often choose the Euro as the “anti-dollar” to take
advantage of capital flows between two of the largest economies.
The Euro zone has a large liquid capital markets which can absorb the
huge waves of capital seeking refuge from the U.S. So a weak US ISM
Non-Manufacturing number usually leads to a dollar sell-off and a rise
in the Euro. Another scenario is when the number released is in line
with forecasts and/or unchanged from the previous month, then the US
dollar may not react at all to the number.
AUDUSD M5 : 32 pips price movement by USD - ISM Manufacturing PMI :
Overall, an ISM PMI number above 50 indicates that the economy is
expanding and is healthy. However, a number below 50 indicates that the
economy is weak and contracting. This number is so important that if the
PMI is below 50 for two consecutive months, an economy is considered in
PMI’s are also compiled for Euro zone countries by the Markit Group
while US regional and national PMIs are compiled by ISM. As you can see,
traders have good reason to pay special attention to the important
releases from the Institute of Supply Management.
Sergey Golubev, 2015.06.22 10:56
Societe Generale: Greece is not the biggest EUR/USD driver (based on efxnews article)
"You could be forgiven for thinking that the biggest driver of
the EUR/USD rate is not Greek debt talks, but the pricing of the
December 2016 Fed Funds futures contract. This closed on Friday at 1.02%, the lowest level since mid-May."
"Neither is high profile enough to change market thinking about Fed policy, which prices a 1% rise in rates over 18 months. All of which just suggests we will get a stronger dollar once a
faster pace of fed rate hikes is priced in, but this needs a catalyst
that today’s data won’t provide. In the meantime, we watch the
combination of (super-low) Fed pricing and hope of a Greek deal boost
risk sentiment and undermine the dollar for the start of the week."
Sergey Golubev, 2015.06.22 11:53
Deutsche Bank - Durable Goods Orders and PCE are the next big data (based on efxnews article)
EUR/USD continues to grind higher as Greece continues to dominate the headlines.
"The main focus was the June Fed meeting where early year expectations
of a hike this month now feel a long time ago. There was speculation
that Yellen shifted her 2015 dot lower, although as our US economist
noted it is hard to tell. With the Fed still in data-dependent mode,
more convincing evidence of a Q2 growth pick-up is needed. This week’s
May durable goods orders and PCE are the next big data," DB argues.
Sergey Golubev, 2015.06.22 19:00
EUR/USD Double Top or About to Breakout? (based on dailyfx article)
'EUR/USD recorded a new month-to-date high late last weekand actually
came within a few pips of testing the quarter-to-date closing high at
1.1442 before stalling out. Is the euro
undergoing a double top backtest before turning lower or is it about to
break out and extend the multi-month advance? The next 24-28 hours
should prove key in determining which path the euro will take as
near-term cyclical analysis suggests we have reached an inflection point
of sorts. If the broader downtrend is going to re-assert itself here
then EUR/USD shouldn’t really rally past last week’s 1.1435 high.
Traction above this level would be a strong sign that multi-month
correction in the single currency is nowhere near finished. A failure,
on the other hand, at or around current levels followed by a break of
median-line channel support at 1.1230 over the next few sessions would
confirm a change in behavior and re-focus attention lower in the single
Sergey Golubev, 2015.06.23 09:26
Video: Euro Tempts with Greece Progress, Equities Rally Bolsters Risk (based on dailyfx article)
The skirmish line between Greece and its creditors seems to have moved
to start the week and the market is responding. Global equities took
reports of progress to heart with a universal rally led by the biggest
DAX (Germany's benchmark equity index) in years. Yet, the same
optimistic response was not realized with the Euro. EURUSD
held to its coiled wedge below 1.1500 as FX traders think 'we've been
here before'. Skepticism and caution remains for an 'easy' solution to
Greece - whether positive or negative - and the markets are unwilling to
commit until the air is clear. That is as true for the limited risk
response in equities as it is the cool Euro view. It is better wait for
commitment from the speculative ranks before jumping in and sacrifice an
early entry than jumping in on the wrong direction of a dramatic market
move. We review the Euro, Dollar, global equities and unusual pairs
like NZDJPY in today's Trading Video.
Sergey Golubev, 2015.06.23 11:25
Trading News Events: U.S. Durable Goods Orders (based on dailyfx article)
Another 1.0% contract in demand U.S. Durable Goods may dampen the appeal
of the greenback and generate a near-term advance in EUR/USD as ongoing
slack in the real economy raises the risk for a further delay in the
Why Is This Event Important:
Fears of a slower recovery may encourage a growing number of Fed
officials to adopt a more dovish tone for monetary policy, and we may
see the Federal Open Market Committee (FOMC) retain the zero-interest
rate policy (ZIRP) throughout 2015 in order to mitigate the downside
risks for growth and inflation.
On the other hand, discounted prices paired with the pickup in
private-sector wages may foster greater demand for U.S. Durable Goods,
and a positive development may keep the Fed on course to raise the
benchmark interest rate later this year as the central bank remains
confident in achieving its dual mandate for full-employment and price
How To Trade This Event Risk
Bearish USD Trade: Orders Contract Another 1.0% or Greater
MetaTrader Trading Platform Screenshots
EURUSD, M5, 2015.06.23
MetaQuotes Software Corp., MetaTrader 5
EURUSD M5: 54 pips price movement by USD - Durable Goods Orders news event
Sergey Golubev, 2015.06.23 20:34
Barclays - Trading Setups For EUR/USD, USD/JPY, GBP/USD and AUD/USD (based on efxnews article)
EUR/USD: A succession of “doji” topping candles adds
to our bearish conviction. We are looking for a move lower towards the
1.1050 area after reaching our initial downside targets near 1.1150.
Beyond there we look for a move towards 1.0815 and then the 1.0460
year-to-date lows. The 1.1470 highs provide selling interest.
USD/JPY: Monday’s engulfing candle endorses our
bullish view. We are looking for a move higher towards initial targets
near 124.45 and then 125.85. Further out we are targeting the 132.20
GBP/USD: We have turned neutral in the short term.
Monday’s low close confirms the prior topping candle and signals a move
lower in range as investors lock in profits from the June rally. Risk is
seen towards 1.5640, possibly 1.5550, before a base can form. Overall
we are bullish towards 1.6000 and then targets near 1.6200.
AUD/USD: We are bearish against the 0.7850 recent
highs and look for a move lower towards targets near 0.7600 and then the
0.7530 year-to-date lows. Further out, we are targeting the 0.7100
Sergey Golubev, 2015.06.24 08:42
Credit Agricole: Is It Time To Sell EUR/USD Again? (based on efxnews article)
"This could be due to lingering uncertainty about the deal.
Indeed, various media reports have highlighted creditors' concerns that
the new proposal is putting too much emphasis on new taxes (on both
businesses and households) to balance the books. Excessive taxation
could hamper the Greek economic recovery and make the proposal less
"In addition, there are concerns that the proposed VAT
and pension reform could erode the support from Syriza's main coalition
partners - the Greek Nationalist - when the measures are put for a vote
in the Greek parliament."
"While investors' cautiousness could explain some of the recent
EURunderperformance, the contrasting response of the FX and the European
stock and peripheral bond markets may also indicate that investors have
moved away from Greece to re-focus on the lingering policy divergence
between the increasingly hawkish Fed and persistently dovish ECB. Indeed, a Greek resolution will arguably make it easier for the FOMC to hike rates as soon as September."
"At the same time, the ECB remains very committed to QE and this should continue the make the EUR an attractive funding currency."
"In addition, we suspect that renewed inflows into the
Eurozone stocks and bondd could lead to renewed selling pressure on EUR
in the forward markets."
"The above could suggest that EUR/USD could be offering attractive selling opportunity at current levels."
Sergey Golubev, 2015.06.24 12:29
Trading News Events: U.S. Gross Domestic Product (GDP) (based on dailyfx article)
Why Is This Event Important:
Even though the Fed remains on course to raise the benchmark interest
rate in 2015, signs of a slower recovery raises the risk for a further
delay in the normalization cycle as the central bank remains in no rush
to switch gears.
However, slowing outputs along with the ongoing weakness in business
investments may continue to drag on the real economy, and a dismal print
may drag on the greenback as it dampens the likelihood for the Fed
liftoff at the September 17 meeting.
How To Trade This Event Risk
Bullish USD Trade: U.S. Economy Contracts 0.2% or Less
EURUSD, M5, 2015.06.24
EURUSD M5: 21 pips price movement by USD - GDP news event