Daily price is on bearish market condition for ranging between the following s/r levels:
Span line is indicating the ranging market condition by direction.
D1 price - ranging:
is on bearish market condition with secondary ranging between 1.0807
(W1) support level and 1.1436 (W1) resistance level.
is on ranging bearish with 1.0461 support level.If D1 price will break 1.0807
support level on close D1 bar so the bearish trend to be continuing for the week up to 1.0461 as a next target.If D1 price will break 1.1436 resistance level so the price will be on strong bullish market condition with next target as 1.1533.If not so the price will be on ranging between 1.0807 and 1.1436 levels.
SUMMARY : bearishTREND : ranging bearish
PipTick VSA is based on the original Volume Spread Analysis method. It was designed for quick and easy recognition of VSA patterns. Even though this indicator looks very simple, it is the most sophisticated tool that we've ever made. PipTick VSA indicator is a really powerful analytical tool that generates very reliable trading signals. Because it is very user friendly and understandable, it is suitable for every type of trader, regardless of his experience.
What is VSA?
VSA - Volume Spread An
GoodTrade is the very first Expert Advisor purchased on the Market. On the occasion of the second anniversary of availability of the Expert Advisor on the Market, you are now looking at the second version of the Expert Advisor featuring a completely updated operating logic. GoodTrade now uses a new universal trading signal suitable for various trading instruments and working over long time periods. By default, the Expert Advisor is set to trade GBPUSD. Try it for other trading instruments. Set a
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
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
Cluster analysis of volumes is now available in MetaTrader 5!
The YuСlusters indicator is a professional tool for analyzing the trading volumes. The cluster graph is plotted based on tick data. For the exchange financial instruments these are the volume, type and price of a deal. For the Forex instruments - the real or tick volume (depending on the broker) and Bid price.
There are 6 criteria of cluster generation:
Time interval, the criterion is set in seconds. Price range, the criteri
This software has no equals in the world and represents a universal trade "console" covering trading signals, automated market entry, setting of Stop Loss and Take Profit, as well as Trailing Profit for multiple trades at the same time in a single open window. Intuitive control of the Expert Advisor in "three clicks" ensures a comprehensive use of all its functions on different computers, including tablets PCs.
Interacting with additional signal indicators that mark the chart to give a real mar
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 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 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
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!
This Indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With only ONE chart you can read Currency Strength for 28 Forex pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity?
USER MANUAL: click here
Arrows in sub-window to show strong currency momentum GAP will guide your trading! Warning signs
Fast Copy MT5 allows you 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
MT4 → MT5 MT4 → MT4 MT5 → MT5 MT5 → MT4
* For the MetaTrader 4 terminal — Fast Copy MT4
* For the MetaTrader 5 terminal — Fast Copy MT5
** Before the purchase, you can test the program by downloading the free demo versions — Fast
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
Active Lines - a powerful professional tool for operations with lines on charts. Active Lines provides a wide range of actions for events when the price crosses lines. For example: notify, open/modify/close a position, place/remove pending orders. With Active Lines you can assign several tasks to one line, for each of which you can set individual trigger conditions, as well as conditions for re-activations and the number of possible activations.
Active Lines helps you easily organize various tr
Envelopes or channel lines are set parallel to the Moving Average (to the slow MA if you use two MAs). The two channel lines must contain approximately 95% of all prices for the past two or three months on a daily chart, with only the extremes protruding outside. Channel lines provide attractive profit targets - sell longs near the upper line and cover shorts near the lower line.
The AutoEnvelope is a custom indicator - an original tool that automatically selects channels width by calculating a
This indicator builds divergence/convergence for any selected indicator.
You can add your own indicator with its custom settings to the code for free.
The indicator has two basic line drawing methods (**):
Peak search on fractals without waiting the closure of the wave (MODE = each_bar_peak)Wave search for peaks after crossing the "ZERO line" of the indicator (e.g., "zero line" for RSI = 50.0) (MODE = WAVE_bar_peak)Basic settings include 21 standard indicators included in MT5 terminal, to whi
Veno EA MT5 is a safe and fully automated medium-term trading robot.
The EA does NOT use hedging, martingale, grid strategies, arbitrage, etc.
Veno Expert System MT5 automatically monitors the appearance of participants with distinct preference towards buying or selling on the market. Trades are conducted on sharp cluster and news based movements of the market. The robot analyzes the market volumes and volatility, and follows strong supply and demand movements. It smoothly sets breakeven level
This indicator provides tick volume delta analysis on M1 timeframe. It monitors up and down ticks and sums them up as separate volumes for buys and sells, as well as their delta volumes, and volume clusters on price scale within a specified number of bars. This indicator is similar to VolumeDeltaMT5, which uses almost the same algorithms but does not process ticks and therefore cannot work on M1. This is the reason for VolumeDeltaM1 to exist. On the other hand, VolumeDeltaMT5 can show its signal
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 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
S2 Trend At Wavelet is designed to eliminate the noises on the Price Chart. A clear picture of the market flow will be seen due to the elimination of the unnecessary variations on the chart.
Capabilities of S2 Trend:
Chart End could be shifted to any desired point by Market End Line; A desired Scale could be used by selecting Scale Menu and the result will be shown on the chart; A separate diagram on the Main Chart could be shown by using Chart window's check box; Graphical representation
This is the Famous Timing Indicator
You can now use the most famous Timing indicator on the planet.
Millionaire Mostafa Belkhayate earned his reputation by using this specific indicator to validate the entry signals supplied by his also famous Center of Gravity indicator on the Forex market. I spent hours, days, weeks to decrypt the formula and now it is finally available to you.
New and Unique for MetaTrader 5
Timing will give you perfect validations for your entry signals. It is the first
Three variables are available for every strategy, any one of them can be disabled, their period can be changed.
type_order=ORDER_FILLING _FOK - order filling type.
ReverseTrade=false — trades opens in reverse direction if true. ExitOnBar=true — trades close on each bar only. spreadcover=false — Spread you pay includes in profit trades. It's like trade with zero spread but you should remember that it can decrease exact match between tester's result and live one. It
The Number Levels indicator plots the levels of round numbers on the chart, which can be identified as the support and resistance levels.
The indicator implements the ability to set the interval between the round number levels For example, if you set HL1 = 1.00000, and HL2 = 1.05000, then the lines will be drawn every 500 points.
Important! To plot the round number levels for two or more different levels, it is necessary and sufficient to set different names to them in the indicator parameters
FXG_Info – the most important data in one place.
MetaTrader 5 Indicator FXG_Info provides basic statistical information about a particular currency pair. So that in combination with a chart representing currency price it is easy to determine whether the current situation is good for trading. And when you open a position it will clearly show you the current data such as SL, TP, RR. You are not limited to currency. You can use any market which is provided by you broker.
The following information
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 is based on the comparison of the correlation of trading instruments following an original algorithm. It determines the difference between correlated contracts (delta). The greater the difference, the more it is likely that this Delta will return to zero.
More suited to the FORTS market.
The greater the deviation from zero, the more it is likely that the price will return to zero. Also, the indicator divergence can be applied by comparing highs and lows.
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
FULL Automatic is a fully autonomous trading robot for MetaТrader 5 without configurable parameters.
It is similar to SAFE Automatic robot intended for traders having no knowledge of trading basics. It works in Low, Medium, High and Extremal trading modes.
The EA applies modified versions of well-known strategies, including Elliott waves, following a trend, half-pyramiding, scalping, speculative trading with a double deposit protection. The EA switches the strategies automati
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
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2015.08.02 16:47
Weekly Fundamentals by Morgan Stanley: USD, EUR, JPY, GBP, CAD (based on efxnews article)
USD: Bullish"We expect USD
strength to be focused against EM and commodity currencies."
investors have hedged equity positions in Europe with short EUR. This suggests that in an environment
where commodity currencies and EM may sell off, risk generally could
take a hit, adding some support to EUR in the near term. Over the medium
to longer term, however, we retain our bearish view on EUR."
JPY: Neutral"We believe the BoJ is likely to refrain from further easing barring an
unforeseeable shock to inflation, which should offer support to JPY.
The central bank is likely focused on its new core CPI measure which
does not include energy, and has grown steadily over recent months."
GBP: Bullish"GBP performance will unfold in three phases going
forward. First, broad-based GBP strength heading into the August 6 MPC
meeting, where we expect the first vote for a rate hike. Second, a more
selective approach after the August meeting. Finally, given the
longer-term headwinds to UK growth from fiscal tightening and political
uncertainty, the currency may lose steam after the first hike."
CAD: Bearish"We like
buying USDCAD on this dip, believing that as oil price uncertainty
continues to mount, USDCAD will continue to head higher, testing the
levels reached at the end of last week. On top of this, the second round
impact of the lower oil price on the economy is likely to continue to
be seen, possibly in upcoming employment data."
Sergey Golubev, 2015.08.03 11:19
Skandinaviska Enskilda Banken: Outlooks For EUR/USD, USD/JPY, AUD/USD, SP500 (based on efxnews article)
EURUSD: rejection from the 55-day MA'The up and
down move on Friday became the third consecutive rejection from the 55d
ma band (since the return below it a month ago). The behavior is showing
that bearish forces are at play and increasingly so given the return to
a negative slope. We are thus looking for additional selling.'
USDJPY: new attempt to be above the key level 'Given the
violation of the B-wave high (and a three wave setback from Thursday’s
peak) there’s a high probability of a soon more successful break higher
(targeting a new trend high). For today we see 124.37 as the trigger
point for the next step higher.'
AUDUSD: Signs for sellers'The spinning
candle (small net move and big spikes to both sides) and the spring
bottom are both signs of exhaustive sellers. There’s clearly a potential
for the pair to bounce back to retest the 2001 trend line (or even back
up to the 0.75- area) during the coming week.'
S&P 500: Higher again'As long as the recent
correction low remains unbroken a positive view should be kept in place
(the July candle also developed into a mildly bullish piercing pattern).
The entire structure since May can also be seen as an inverted head and
shoulders formation, here seen as an upside continuation pattern.'
Sergey Golubev, 2015.08.03 12:30
Societe Generale: EURUSD and Non-Farm Payrolls (based on efxnews article)
Societe Generale made some review for Non-Farm Employment Change report (Change in the number of employed people during the previous month, excluding the farming industry) which will be on Friday:
Sergey Golubev, 2015.08.04 07:40
Bank of Tokyo-Mitsubishi - 'we target EUR/USD at parity by year-end and at 0.96 by Q1'16-end' (based on efxnews article)
Bank of Tokyo-Mitsubishi (BTMU) made their fundamental forecasts for EURUSD based on some fundamental factors:
Bank of Tokyo-Mitsubishi (BTMU) forecasts for EURUSD to be at parity by year-end and at 0.96 by Q1'16-end.
By the way, the price is located to be below yearly Central Pivot at 1.2729 for the primary ranguing between S1 Pivot at 1.1466 and S2 Pivot at 1.0834, and the next target in the case the bearish trend will be continuing is S3 Pivot at 0.9571. So, the Bank of Tokyo-Mitsubishi (BTMU) is right with their forecast.
Sergey Golubev, 2015.08.04 17:13
EURUSD Breakout Fails (based on dailyfx article)
After traversing its daily 30 pip range, the EURUSD has opened the US trading session with a false breakout. Prices attempted a move above today’s R4 Camarilla pivot at 1.0979, but this bullish breakout quickly reversed. Prices are currently tradingback inside of today’s pivot range. As seen below, the EURUSD’s trading range begins at resistance found at the R3 pivot, at a price of 1.0964. If price continues to decline through values of support, traders will begin to look for price to target the S3 pivot found at a price of 1.0934.
Sergey Golubev, 2015.08.05 15:23
SEB - Outlooks For EUR/USD, EUR/JPY, AUD/USD, NZD/USD (based on efxnews article)
losses yesterday brought the prices down through the 1.0921 support an
event that adds additional bearishness to our outlook. The next and
stronger support is located in the 1.0819-1.0808 range (May and July
lows) and should be thoroughly tested within shortly."
EUR/JPY: "Repeatedly rejected
from the combined 55/233d ma bands the pair again seems to be making way
for a test of the utterly important 133.30/10 support. So remaining
below 136.17 should keep us in the bear camp looking for additional
losses near term."
AUD/USD: "The primary correction
target, the rechecking of the previously broken trend-line, was
fulfilled yesterday with the pair moving up to 0.7428 before stalling
and rolling over to the downside. A move below yesterdays mid body
point, 0.7322, will further enhance downside forces and below 0.7260 new
trend lows will be confirmed."
NZD/USD: "Underpinned by
another poor dairy auction yesterday (index down -9.3%) the Kiwi
continued its decline. A completed three wave pattern (a-b-c) correction
does also weigh on prices making a new trend low look like a done deal."
Sergey Golubev, 2015.08.06 12:35
UBS - Trade Ideas For EUR/USD, USD/CHF, AUD/USD (based on efxnews article)
EUR/USD: "Stay flexible ahead of the US payrolls with a
slight bias to sell rallies. Watch support at 1.0880/1.0820 and
resistance at 1.0940-50/1.0990."
USD/CHF: "Only a shocking US NFP tomorrow can change
this dollar bullish tone. We still like buying on dips to 0.9740-60 as
long as USDCHF trades above 0.9720."
AUD/USD: "had a rollercoaster ride during trading in
Asia on Australian jobs data. Stick to playing the pair from the short
side, adding on rallies with a stop above 0.7430 and targeting an
eventual move towards 0.7000."
Sergey Golubev, 2015.08.07 09:19
The Royal Bank of Scotland - USD Into Payrolls (based on efxnews article)
The Royal Bank of Scotland (RBS) made forecast concerning the following coming high impacted news events:
Just to remind that previous NFP data was 223K,
and forecasting for now is 225K for example, so if RBS is looking for
250K as an actual data - it
means to be more bearish for EURUSD. Because in case of NPF: actual >
forecast = good for currency (for US Dollar in our case). So, it means:
more bearish for EURUSD with some key support levels to be broken.
And just about the levels:
Sergey Golubev, 2015.08.07 11:00
Trading News Events: U.S. Non-Farm Payrolls (based on dailyfx article)
Another 225K expansion in U.S. Non-Farm Payrolls (NFP) may spur greater
demand for the greenback and spark a near-term sell-off in EUR/USD
should the fresh batch of data heighten speculation for a Fed rate hike
at the September 17 meeting.
Why Is This Event Important:
Despite the unanimous vote to retain the zero-interest rate policy
(ZIRP) at the July 29 meeting, signs of a stronger recovery may generate
a greater dissent within the Federal Open Market Committee (FOMC), and
we may see a growing number of central bank officials talk up bets for a
September liftoff should the employment report boost the outlook for
growth and inflation.
However, waning business sentiment along with the ongoing weakness in
private-sector spending may drag on job growth, and a dismal employment
report may encourage the Fed to further delay its normalization cycle
especially as Chair Janet Yellen looks for a further improvement in
How To Trade This Event Risk
Bullish USD Trade: U.S. Employment Increases 225K or Greater
June 2015 U.S. Non-Farm PayrollsEURUSD M5: 66 pips price movement by USD - Non-Farm Payrolls news event:
Sergey Golubev, 2015.08.07 13:25
Société Générale - What's Best To Sell Against The Dollar (based on efxnews article)