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
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 main purpose of the indicator is to detect and mark on a chart the following trade signals described in "New Trading Dimensions":
Bullish and bearish reverse bars with angulation (including squat). Bars in the green and red zones according to the histogram color of Awesome Oscillator and Accelerator Oscillator. Bars in the grey zone, when the Awesome Oscillator and Accelerator Oscillator histograms below these bars have opposite directions. Blue squat bars on chart independent of the
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
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.
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 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 divergence for any custom indicator. You only need to specify the indicator name; DeMarker is used by default.
Additionally, you can opt for smoothing of values of the selected indicator and set levels whose crossing will trigger an alert. The custom indicator must be compiled (a file with ex5 extension) and located under MQL5/Indicators of the client terminal or in one of the subdirectories. It uses the zero buffer of the specified indicator with default parameters.
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
This indicator allows you to enjoy the two most popular products for analyzing request volumes and market deals at a favorable price:
Actual Depth of Market Chart Actual Tick Footprint Volume ChartThis product combines the power of both indicators and is provided as a single file.
The functionality of Actual COMBO Depth of Market AND Tick Volume Chart is fully identical to the original indicators. You will enjoy the power of these two products combined into the single super-indicator!
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
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 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:
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
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
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
Take a look at the market in a new way! This is the newest trading method worthy of your attention!
Tired of catching the market movements? TTT FXnew is an essential tool for trend followers. This is a unique breakout indicator that automatically plots new trend lines every day forming blue and red triangles using OCHL values of the previous day. A market entry is performed when the price exits the triangles through the dotted line. If the yellow line crosses the red one after opening of the da
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 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
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
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
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
If you want something as below:
Sell FOREX trading signal. Manage multiple accounts. Follow the trading from somebody."TradeCopier_follow" and "TradeCopier_source" can help you!
Copying from one source (master) account to multiple follower (slave) accounts. Allow investor (read only) password for the source (master) account. There are no complicated settings and input parameters, everything is easy. Works with different Brokers. Works with different symbols (EURUSD_FX, e
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
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
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 indicator represents an additional chart window with a lower time frame where bars are combined into groups that are equivalent in time to main chart time frame. Bars are synchronized by the right hand side of the window, i.e. the time of the last bar in the main window corresponds to the time of the last bar group in the additional window. The maximum number of groups is 16; the maximum number of bars combined into groups in the additional window is 256. Limitations on the numbers are requi
Using the width between the Bollinger Bands called BandWidth, this system finds times of low volatility also known as a squeeze. It is called a squeeze because as the bands compress, they tend to expand again into higher volatility and the price can trend along the upper or lower band. This system finds low volatility and enters a new position when the price moves to the upper or lower Bollinger Bands.
The SMA used to create the Bollinger Bands is used as a trailing exit. After the price follow
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.
If you want something as below:
Sell FOREX trading signal. Manage multiple accounts. Follow somebody's trading."TradeCopier_source" and "TradeCopier_follow" can help you!
Copying from one source (master) account to multiple follower (slave) accounts. Allow investor (read only) password for the source (master) account. There are no complicated settings and input parameters, everything is easy. Works with different Brokers. Works with different symbols (EURUSD_FX, eurusd_m
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
Forum on trading, automated trading systems and testing trading strategies
Something Interesting to Read January 2014
Sergey Golubev, 2014.01.28 13:07
MESA And Trading Market Cycles : John Ehlers
In MESA and Trading Market Cycles, Second Edition, MESA pioneer John F.
Ehlers returns to reveal more of the inner workings and hidden
mechanisms of MESA-the author's well-known and highly respected
computerized trading system-and provides both traders and professional
speculators with definitive information on using cyclical analysis to
create and execute highly profitable forecasting and trading strategies.
This revised and completely updated resource first validates the
existence of market cycles by reviewing the history of cycles and the
advances in techniques to measure them. It then profiles the basic
characteristics of cycles and fully describes moving averages, momentum
functions, and indicators from the cyclical perspective. From here,
Ehlers focuses on MESA, explaining how it works, how it compares to the
Fast Fourier Transformation (FFT), and how traders can use its
high-resolution spectral estimates to consistently pinpoint and exploit
market cycles and trends.
MESA and Trading Market Cycles, Second Edition also contains new
chapters which provide information that makes MESA a much more powerful
tool. Topics within these chapters include:
Combining MESA, cycles, and technical analysis, this vital guide shows
you-whether you're trading in the stock, options, or futures markets-how
to boost the probability of establishing successful trades and
profitably increase your bottom line. MESA and Trading Market Cycles
introduces you to a new way of thinking that will not only lead to
highly effective new indicators, but will also provide you with insights
into market activity that you would never have imagined.
Something Interesting to Read June 2015
Sergey Golubev, 2015.06.19 10:38
by Steve Ryan
The difference between good trader and great trader: Consistency.Then this book might be your perfect solution.
In this book, the author will talk about 7 principles that will make
you “re-question” your existing beliefs about trading and investing.
This book will give you an extra edge you need to be a consistently profitable trader.
Regardless you are day trading, swing trading, forex trading,
futures trading, commodity trading, stock trading, options trading, or
bond trading, this book will add values to your style.
Sergey Golubev, 2014.01.15 07:45
High Probability Trading Strategies - Robert Miners
Trading today's markets—including stocks, futures, or Forex—can be a
challenging and difficult endeavor. But it is possible to achieve
consistent success in this field, if you're prepared to learn a complete
trading plan from entry to exit.
In High Probability Trading Strategies, author and well-known trading
educator Robert Miner skillfully outlines every aspect of a practical
trading plan—from entry to exit—that he has developed over the course of
his distinguished twenty-plus-year career. The result is a complete
approach to trading that will allow you to trade confidently in a
variety of markets and time frames.
With this book as your guide, you'll quickly learn how to recognize
high-probability trading opportunities, pinpoint exact entry and stop
prices, and manage a trade until it's completely closed out. You'll
discover how the four key factors of dual-time-frame-momentum, pattern,
price, and time can guide you down the path to trading profits. As you
become familiar with the proven strategies and techniques taught in High
Probability Trading Strategies, you'll also come to understand the type
of market information you can use to make specific trade decisions and
how to execute those decisions from start to finish.
Miner teaches in a practical, step-by-step manner until a complete
trading plan is developed. While the ideas found here are essential to
trading success, the best way to learn is by example. That's why Miner
has devoted an entire chapter—called "Real Traders, Real Time"—to trade
examples submitted by his past students. In it, you'll see how they
apply the strategies taught throughout the book to markets around the
A companion website completes this comprehensive learning package. It's
not a word-for-word review of the material in the book, but rather an
additional tool to illustrate more examples. With it, you'll learn how
to put high-probability trading strategies into practice, day by day and
bar by bar, for many different markets and time frames.
Written with the serious trader in mind, High Probability Trading
Strategies details a practical approach to analyzing market behavior,
identify-ing profitable trade setups, and executing and managing
trades—from entry to exit—that will allow you to both preserve and grow
your capital. If you're looking to make the most of your time in today's
markets, look no further than High Probability Trading Strategies.
Something Interesting to Read November 2014
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, 2014.12.10 10:09
How I Made $2,000,000 in the Stock Marketby
Hungarian by birth, Nicolas Darvas trained as an economist at the
University of Budapest. Reluctant to remain in Hungary until either the
Nazis or the Soviets took over, he fled at the age of 23 with a forged
exit visa and fifty pounds sterling to stave off hunger in Istanbul,
Turkey. During his off hours as a dancer, he read some 200 books on the
market and the great speculators, spending as much as eight hours a day
studying.Darvas invested his money into a couple of stocks that had been
hitting their 52-week high. He was utterly surprised that the stocks
continued to rise and subsequently sold them to make a large profit. His
main source of stock selection was Barron's Magazine. At the age of 39,
after accumulating his fortune, Darvas documented his techniques in the
book, How I Made 2,000,000 in the Stock Market. The book describes his
unique "Box System", which he used to buy and sell stocks. Darvas' book
remains a classic stock market text to this day.
Sergey Golubev, 2014.12.11 14:09
Safe Strategies for Financial Freedomby
Most people are only a few thousand dollars a month away from
financial freedom. Financial freedom is not about millions of dollars
in the bank--it's simply about generating investment income that exceeds
your cost of living. Once you're there, you're financially free!
Safe Strategies for Financial Freedom shows
you how to get there, from how to invest wisely and protect what you
earn to proven techniques for developing sources of regular income to
cover your expenses and achieve financial independence. Inside, you'll
People achieve financial freedom every day--now it's your turn. Safe Strategies for Financial Freedom shares
the secrets of how you can achieve financial freedom by determining
your "financial freedom number," making the right investment moves, and
accepting nothing less than absolute success. From its risk-controlling
investment strategies to its "Why didn't I think of that?"
money-management techniques, you'll learn a financial program designed
to make you the master of your money, instead of its slave.
Written by world-renowned financial advisors Van K. Tharp, D.R.
Barton, and Steve Sjuggerud, who have used these techniques to free
themselves and thousands of others from jobs that barely cover expenses,
this book describes:
your current plan is to spend your life working 50 or more hours a week
and then saving your nickels until you retire to a modest, fixed
income? You're not alone. But it might surprise you to discover just how
many people are now actively taking the steps to achieve financial
freedom that are contained in this book.
Sergey Golubev, 2014.01.09 16:52
Scott M. Carney
Harmonic Trading creator Scott Carney unveils the entire methodology to
turn patterns into profits. These strategies consistently identify the
price levels and market turning points that reveal the natural order
within the chaos of the financial markets. Analogous to the predictable
behavior of many of life’s natural processes, Harmonic Trading examines
similar relationships within the financial markets to define profitable
opportunities in an unprecedented manner. Carney introduces new
discoveries such as the Bat pattern, Alternate AB=CD structures, the
0.886 retracement, and more. These strategies are entirely new to the
trading community, and they represent a profound advancement beyond all
other Fibonacci methodologies!
After you’ve discovered how to identify harmonic patterns, Carney
presents a complete methodology for applying them in trade execution and
handling them throughout the entire trade management process. From
savage bear to rampaging bull, Harmonic Trading can be employed in all
markets--equities, currencies, commodities, and foreign markets--for
both short- and long-term timeframes.
Something Interesting to Read July 2014
Muhammad Syamil Bin Abdullah, 2014.07.08 12:07
Advanced Trading Rules, Second Edition (Quantitative Finance)
Advanced Trading Rules is the essential guide to state of the art
techniques currently used by the very best financial traders, analysts
and fund managers. The editors have brought together the world's leading
professional and academic experts to explain how to understand, develop
and apply cutting edge trading rules and systems. It is indispensable
reading if you are involved in the derivatives, fixed income, foreign
exchange and equities markets. 'Advanced Trading
Rules' demonstrates how to apply econometrics, computer modelling,
technical and quantitative analysis to generate superior returns,
showing how you can stay ahead of the curve by finding out why certain
methods succeed or fail. Profit from this book by understanding how to use: * stochastic properties of trading strategies* technical indicators * neural networks * genetic algorithms * quantitative techniques * charts Financial
markets professionals will discover a wealth of applicable ideas and
methods to help them to improve their performance and profits. Students
and academics working in this area will also benefit from the rigorous
and theoretically sound analysis of this dynamic and exciting area of
finance. * The essential
guide to state of the art techniques currently used by the very best
financial traders, analysts and fund managers* Provides a complete
overview of cutting edge financial markets trading rules, including new
material on technical analysis and evaluation* Demonstrates how to apply econometrics, computer modeling, technical and quantitative analysis to generate superior returns
Something Interesting to Read February 2014
Sergey Golubev, 2014.02.14 14:53
Millionaire Traders: How Everyday People Are Beating Wall Street at Its Own Game
Other books by Kathy Lien :
Kathy Lien :
Something Interesting to Read August 2014
Sergey Golubev, 2014.08.04 10:36
Point and Figure charts are one of the great secrets of the Technical
Analysis world. Highly sophisticated and with a thoroughbred pedigree,
they can, however, be overlooked by traders today.
Jeremy du Plessis -
one of the foremost Point and Figure experts in the world - returns with
a fully updated second edition of this definitive guide in an effort to
redress this imbalance. This second edition, with an extensive revision
to the text and introduction of brand new techniques, demystifies the
world of Point and Figure charting. It includes a detailed explanation
of the history and development of the technique from its invention to
the modern day, and covers the makeup of the chart patterns, why they
are created, and how to interpret them. Throughout, readers are
encouraged to understand Point and Figure charts from first principles,
rather than just remember the names of a series of patterns. It is the
first major work for 50 years to discuss in depth the original 1-box
reversal method of Point and Figure charting and contrast it with the
more popular 3-box reversal method.
Further, the explanation of how to
use Point and Figure charts to project targets and calculate risk-reward
ratios is the most comprehensive ever seen. Also featured in the second
All this is illustrated with numerous colour
charts and observations from years of trading experience. According to
du Plessis, Point and Figure charts are the 'voice of the market'. This
book helps you listen to, and understand, that voice. Part of the Market
Technicians Association (MTA) Required Reading list.