Daily price was reversed to the bullish market condition by breaking Ichimoku cloud from below to above. The price was stopped near 1.1409 resistance level on the way to 1.1466 bullish target. Chinkou Span line is indicating the breakout, and Tenkan-sen line is above Kijun-sen for the bullish trend to be continuing. If the price breaks 1.1466 resistance so the bullish trend will be continuing, if the price breaks 1.1213 so the secondary correction will be started.
D1 price - bullish breakout:
is on bearish market condition with the breakout to be started: Chinkou Span line is indicating breakout with 1.1466 nearest resistance level.
is on ranging bearish with 1.0461 support level.If D1 price will break 1.1213
support level on close D1 bar so we may see the secndary correction within the primary bullish market condition.If D1 price will break 1.1466 resistance level so the bullish trend will be continuing.If not so the price will be on ranging between the levels.
SUMMARY : bullish
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
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
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 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
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
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
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 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.
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
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
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
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
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The supported features are as follows:
Fast Volume Moving Average Slow
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 Trade Manager Pro EA is a MetaTrader Expert Advisor that performs position management for you avoiding human errors and enhancing your trading activity.
Amazingly easy to use Trade easily from the chart Trade with precise risk management, hassle free Capital preservation is top priority Let profits run without your attention Enjoy risk-free trades as soon as possible Automatic trailing stops for all opened trades Initial stop losses are placed as soon as trades are
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
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
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
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
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
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
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
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
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 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 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
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.
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
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
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2015.08.22 09:53
Forex Weekly Outlook August 24-28 (based on forexcrunch article)
The US dollar suffered in a week that saw doom and gloom in
global markets. Will this continue? German Ifo Business Climate, US CB
Consumer Confidence, US Durable Goods Orders and GDP data from the US
and the UK are the main highlights in Forex calendar. Join us as we
explore the market-movers for this week.
The Federal Reserve released its July meeting minutes,
revealing a dispute over the rate hike timing. Despite clear signals
from some Fed officials calling for a rate rise in September, many
policy makers still believe such a move is premature. In her capacity as
the chair and the leader, Janet Yellen will be the driving force behind
September’s decision. Will we see a rate hike in September? The chances
look more slim with growing worries about China and fresh political uncertainty about Greece.
The euro is clearly positioned as a safe haven currency and enjoys the
crisis, alongside the yen. Dollar longs are on the other end.
Sergey Golubev, 2015.08.23 19:46
EUR - Fundamental Outlook for the Current Week by Morgan Stanley (based on efxnews article)
Morgan Stanley is considering the this is a good time to be with EUR forecasting bullish for the next few weeks:
"We believe EUR is likely to outperform over the next few weeks. The
risk-off environment is likely to drive repatriation flows, which should
be EUR supportive. In addition, many risky holdings were funded in EUR,
and the unwind of these positions should support EUR. With EUR not
being used as funder in the near term, it should receive support from
its current account surplus."
Let's evaluate this situation with technical points of vew:
Sergey Golubev, 2015.08.24 08:38
EURUSD Forecasts by Danske Bank (based on efxnews article)
Danske Bank is forecasting the ranging market condition for EUR/USD up to August 2016: the price will be ranging between 100 day SMA and 200 day SMA within 1.10/1.13 support/resistance channel:
Thus, according to the Danske Bank - we should expect the bullish for daily EUR/USD only in the middle of the next year by the price to be turned to 1.15 which is located on the bullish area of daily chart.Concerning weekly price for this pair so the price will be in total ranging condition within the primary bearish: all support/resistance levels (incl 1.25 'reversal' resistance level which is on the border between bearish and bullish on the weekly chart) are located on the bearish zone. So, Danske Bank expects for the EUR/USd to be in bearish market condition in long term situation for example.
This is daily/weekly breakout to be going on for right now.
1.2199 is the next bullish target.
Sergey Golubev, 2015.08.25 06:52
FOMC will raise rates in March 2016 - Barclays (based on efxnews article)
Barclays Capital made a conclusion that Fed rate hike will be March
2016. Barclays explained that FOMC can raise rates in December 2015 but
FOMC FOMC may push rate hike in Mrach because of volatility of the
Sergey Golubev, 2015.08.25 18:23
Experts react to Black Monday (based on telegraph.co.uk article)
Markets now believe Federal Reserve won't rise rates until 2016, and this is what experts are talking about:
at Barclays - expectation of a Fed rate rise to the first half of next
year: "Given the uncertainty around the current global outlook, the
of the rate hike seems more uncertain than usual. Should this episode of
financial market volatility prove transitory, the FOMC could raise
rates in December. On the other hand, if the volatility proves durable
or reveals greater than expected weakness in global activity, the FOMC
may push the first rate hike beyond March."
Economists at Capital Economics - September rate hike: "There are no signs of any major downturn in the US economy, economic
growth in China still appears to slowing rather than collapsing and
emerging markets are not about to endure a repeat of the 1997/98 Asian
crisis. The current bout of market turmoil, if it continues, might
persuade the Fed to hold off on raising interest rates in September.
Since that volatility doesn’t reflect any genuine economic slump,
however, we wouldn’t be surprised if it proved short-lived leaving the
way open for the Fed to begin raising rates at some point this year."
Sergey Golubev, 2015.08.26 11:01
United Overseas Bank believes in bullish on EUR/USD within 1-3 weeks (based on efxnews article)
United Overseas Bank (UOB) maintains a bullish forecast for EUR/USD within the next 3 weeks. United Overseas Bank previously known as United Chinese Bank or UCB and headquartered in Singapore is a financial int'l holding company. UOB was founded in 1935 and having the branches in most South-East Asian countries. The UOB Group estimated for EUR/USD to break 1.1710/1.1715 in the near future:
On the daily basis, UOB Group evalute the EUR/USD to be in ranging market condition within 1.1425/1.1580.
Sergey Golubev, 2015.08.26 21:33
EUR/USD: Topped Or Not (based on efxnews article)
Sergey Golubev, 2015.08.27 10:48
Trading News Events: U.S. Gross Domestic Product (based on dailyfx article)
An upward revision in the 2Q U.S. Gross Domestic
Product (GDP) report may boost the appeal of the greenback and spark a
larger pullback in EUR/USD as it fuels speculation for a September Fed rate hike.
Why Is This Event Important:
The Fed may stay on course to normalize monetary policy in 2015 as the
central bank still anticipates a stronger recovery to materialize over
the coming months, and data prints encouraging an improved outlook for
growth & inflation may spur a greater dissent within the committee
as the economy gets on a more sustainable path.
However, easing job growth paired with the slowdown in building activity
may drag on growth rate, and signs of a slower recovery may spur a
further delay of the Fed’s normalization cycle as the central bank
struggles to achieve the 2% target for inflation.
How To Trade This Event Risk
Bullish USD Trade: Growth Rate Expands Annualized 3.2% or Greater
1Q 2015 U.S. Gross Domestic Product (GDP)
EURUSD M5: 42 pips range price movement by USD - GDP news event: