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
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
This is an open interest indicator for MetaTrader 5. It fixes open interest value once per minute and writes it to the file (on your PC). The product works on any timeframe but only with exchange instruments.
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
This is an unusual (visual) representation of the famous WPR indicator. Instead of a separate subwindow, it is displayed in the main chart as a channel and levels.
The next version of the indicator will have a possibility of smoothing its values using a moving average.
PeriodWPR - calculation period of the percent price channel LevelUp - the value of the upper level in percentage (negative) LevelDn - the value of the lower level in percentage (negative) Center - the value of t
Reverse TradeCopier Follow can copy trades from an account that is running Reverse TradeCopier Source.
Copies trades from one source (master) account to multiple following (slave) accounts. Allows investor (read only) password for source (master) account. There are no complicated settings and input parameters, everything is easy. Works with different brokers. Works with different quotes symbols (EURUSD_FX, eurusd_m, etc.). Can copy orders from 4-digit quotes platform to 5-dig
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 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
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
This indicator extracts a trend from a price series and forecasts its further development. Algorithm is based on modern technique of Singular Spectral Analysis (SSA). SSA is used for extracting the main components (trend, seasonal and wave fluctuations), smoothing and eliminating noise. Does not require the series to be stationary, as well as the information on presence of periodic components and their periods. It can be applied both to price series and to the data of other indicators.
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
Robust median Renko style indicator for creating custom charts resembling Median Renko, Mean Renko, Turbo Renko and Better Renko candles as well as vanilla Renko with wicks plus PointO charts. This all in one package provides all of the signals needed by day traders, scalpers and even long term traders.
The indicator is an overlay on the main chart so it is possible to utilize one-click trading and order manipulation directly on the custom charts. Visual order placement is a
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
All traders using VSA realize the importance of the volume. Unfortunately, tick and spot volumes are not suitable for these purposes.
I have conducted mathematical calculations and managed to trnsform the price into the volume that is close to the futures one by its ratios. Now, you do not have to wrestle with the question of where to obtain the volume data. Besides, you will be able to use the currency pairs having no futures at all. With RealVolume, you do not need to remember data on each ti
The main purpose of the indicator is to detect and mark trade signals on the histogram of the Awesome Oscillator according to the strategies "Trading Chaos, second edition" and "New Trading Dimensions".
The indicator detects and marks the following trade signals:
"Two peaks" - Divergence. The signal "Second wise-man" - third consequent bar of the Awesome Oscillator after its color is changed. The histogram crosses the zero line. The signal "Saucer".The indicator includes a signal block th
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
Monitoring and Trend Analysis
This product shows the trend strength levels based on 16 standard indicators, time periods and currency groups.
Depending on the current trend, the indicator colors change from green to red, allowing you to see the full picture.
Whatever your trading method and strategy are, you should always know, in which direction you are trading and what the probability of the trend change is. This indicator will help you answer these questions by calculating the
Does not support openning multiple 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
Does not support openning multiple 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 Butt
This indicator is based on Bollinger Bands indicator. It helps user clearly know the Band is expand or contract.
Percent Crosshair is a powerful and easy percentage measure tool.
Measure the chart percentage very quick! Don't waste your time anymore!
Just attach the Percent Crosshair indicator in the chart, select crosshair mode at toolbars or press "Ctrl+F" and start using the crosshair as you always do! The percent measure will be next to the indicative price.
Customize your indicator the way you want!
There are 4 entry parameters:
Positive % color: set the desired color when % is positive. Negat
This panel represents a demo account for binary options. It will catch an interest of those who start working with binary options and want to practice on a demo account. It will also spark an interest of those who use Meta Trader 5 to get signals for binary options. You can test any strategy using this panel. It supports any currencies available in your terminal. The panel is also very compact, and you can move it to any spot on your chart window.
Now you do not need to look for a broker with a
How to use Pair Trading Station
Pair Trading Station is recommended for H1 time frame and you can use it for any currency pairs. To generate buy and sell signal, follow few steps below to apply Pair Trading Station to your MetaTrader terminal.
When you load Pair Trading Station on your chart, Pair Trading station will assess available historical data in your MetaTrader platforms for each currency pair. On your chart, the amount of historical data available will be displayed for each currency
The indicator is designed for easy construction of synthetic charts based on data of various financial instruments. It will be useful both arbitrage and pair trading, as well as for analysis purposes. Its main advantage is simplicity and clarity. Each chart is given as a common mathematical formula. For example, if you want to plot the spread (difference) between EURUSD and GBPUSD with coefficients 4 and 3, then set the following formula:
EURUSD * 4 - GBPUSD * 3
The resulting chart is shown in
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
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 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
Tick volume is equal to amount of ticks at the unit of time. There is direct correlation between tick volume and real amount of deals. Every change of the price is a result of a real request to perform a deal. Consequently, fewer requests we have, the less price changes we get, and, as a consequence, tick volume is smaller.
In this case, when big amount of requests appear on the market, price changes happen more often. Big tick volume appears. Tick volume is an important indicator of trad
Trade Controller provides multiple methods to protect and maximize your profits. This powerful weapon helps you to set the protect and trailing-stop rules on your trade automatically in many effective methods. Once it is set and turned on, you don't need to monitor your orders anymore, the software will keep watching and control your orders with your predefined rules.
It's designed to support multi-protection and trailing strategy: Protect by break-even, protect by percentage, protect by pip, p
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
Create your own list of trading instruments Watch list* and combine it with several open charts Link **.
Using this program, a user can create fully-fledged Watch lists, create and delete trading instruments and move through the list.
A selected symbol shows charts in linked windows. Linked windows can have different periods, indicators, experts, trading panels, etc...
Moving through his/her Watch list, a trader an see the full image of his/her strategy in all windows.
A lot of traders use 1
Forum on trading, automated trading systems and testing trading strategies
Something Interesting to Read July 2014
Sergey Golubev, 2014.07.21 09:49
GDP: A Brief but Affectionate Historyby
Why did the size of the U.S. economy increase
by 3 percent on one day in mid-2013--or Ghana's balloon by 60 percent
overnight in 2010? Why did the U.K. financial industry show its fastest
expansion ever at the end of 2008--just as the world's financial system
went into meltdown? And why was Greece's chief statistician charged with
treason in 2013 for apparently doing nothing more than trying to
accurately report the size of his country's economy? The answers to all
these questions lie in the way we define and measure national economies
around the world: Gross Domestic Product. This entertaining and
informative book tells the story of GDP, making sense of a statistic
that appears constantly in the news, business, and politics, and that
seems to rule our lives--but that hardly anyone actually understands.
Coyle traces the history of this artificial, abstract, complex, but
exceedingly important statistic from its eighteenth- and
nineteenth-century precursors through its invention in the 1940s and its
postwar golden age, and then through the Great Crash up to today. The
reader learns why this standard measure of the size of a country's
economy was invented, how it has changed over the decades, and what its
strengths and weaknesses are. The book explains why even small changes
in GDP can decide elections, influence major political decisions, and
determine whether countries can keep borrowing or be thrown into
recession. The book ends by making the case that GDP was a good measure
for the twentieth century but is increasingly inappropriate for a
twenty-first-century economy driven by innovation, services, and
Something Interesting in Financial Video October 2013
Sergey Golubev, 2013.09.30 11:19
Interview With Richard Duncan, Author of The New Depression
Richard Duncan's web site: http://www.richardduncaneconomics.com
The New Depression: The Breakdown of the Pap
the United States stopped backing dollars with gold in 1968, the nature
of money changed. All previous constraints on money and credit creation
were removed and a new economic paradigm took shape. Economic growth
ceased to be driven by capital accumulation and investment as it had
been since before the Industrial Revolution. Instead, credit creation
and consumption began to drive the economic dynamic. In The New Depression: The Breakdown of the Paper Money Economy,
Richard Duncan introduces an analytical framework, The Quantity Theory
of Credit, that explains all aspects of the calamity now unfolding: its
causes, the rationale for the government's policy response to the
crisis, what is likely to happen next, and how those developments will
affect asset prices and investment portfolios.
In his previous book, The Dollar Crisis
(2003), Duncan explained why a severe global economic crisis was
inevitable given the flaws in the post-Bretton Woods international
monetary system, and now he's back to explain what's next. The economic
system that emerged following the abandonment of sound money requires
credit growth to survive. Yet the private sector can bear no additional
debt and the government's creditworthiness is deteriorating rapidly.
Should total credit begin to contract significantly, this New Depression
will become a New Great Depression, with disastrous economic and
geopolitical consequences. That outcome is not inevitable, and this book
describes what must be done to prevent it.
Alarming but essential reading, The New Depression
explains why the global economy is teetering on the brink of falling
into a deep and protracted depression, and how we can restore stability.
Here's a summary of the points discussed:
1. The book starts with a discussion of fractional reserve banking,
observing the connection between debt and money and how debt and
inflation go together.
2. Richard views the current monetary system as flawed and in trouble,
but does not view a return to a gold standard of any kind as possible.
Rather, he thinks the best hope is for governments to attempt to borrow
at very low rates and invest not in consumption but in growth -- invest
in projects that will offer a high economic return. He cites investing
in a new energy grid as an example.
3. Richard does not view China dumping US Treasuries, or the world
decoupling from the dollar as a viable threat. This seems to be part of
why he believes there are a few more years left where low interest rates
4. In terms of investments, Richard favors real estate that can be
turned into rental income. He finds public stocks to be a bit too close
to the derivatives crisis, and does not think gold is immune to a severe
decline if growth cannot be obtained.
Something Interesting to Read May 2014
Sergey Golubev, 2014.04.28 10:33
Chan: Algorithmic Trading: Winning Strategies and Their Rationale (Wiley Trading)
Engaging and informative, Algorithmic Trading skillfully covers a wide
array of strategies. Broadly divided into the mean-reverting and
momentum camps, it lays out standard techniques for trading each
category of strategies and, equally important, the fundamental reasons
why a strategy should work. The emphasis throughout is on simple and
linear strategies, as an antidote to the over-fitting and data-snooping
biases that often plague complex strategies. Along the way, it provides
comprehensive coverage of:
Dual Momentum Investing: An Innovative Strategy for Higher Returns with Lower Riskby
After examining more than two-hundred years of data across dozens of markets and asset classes, the conclusion is clear: Momentum continually outperforms. However, most
mainstream investors haven't had a way to fully discover and implement
the benefits of momentum investing . . . until now! Whether you're an independent investor, investment professional, or money manager, Dual Momentum Investing enables you to consistently profit on major changes in relative strength and market trend.Based on the award-winning work of Gary Antonacci, an expert in modern portfolio theory and optimization, this groundbreaking guide presents an easy-to-understand, straightforward model that transforms momentum concepts into an actionable investing strategy called Global Equity Momentum (GEM). By combining relative-strength
momentum and absolute momentum, this unique methodology lets you take
advantage of intra-market trends while avoiding large drawdowns. A
disciplined implementation of his proven strategy enhances the ability
of every investor to:
by Jason Kelly
Take the stress out of investing with this revolutionary new strategy from the author of The Neatest Little Guide to Stock Market Investing, now in its fifth edition.
By targeting three percent growth and adjusting holdings to meet that
goal, even novice investors can level the financial playing field and
ensure a secure retirement free from the stress of noisy advice that
doesn't work. The plan's simple technique cuts through the folly of
human emotion by reacting intelligently to price changes and
automatically buying low and selling high. Relayed in the same
easy-to-understand language that has made The Neatest Little Guide to Stock Market Investing such a staple in the investing community, The 3% Signal is sure to become your most trusted guide to investing success.
The 1 Hour Trade: Make Money With One Simple Strategy, One Hour Dailyby
Brian P Anderson
Trading is one of the few ways to realistically create your own "Rags to
Riches" Story. But it's not a get rich quick strategy that will get you
there. The secret is to adopt a laser beam focus on ONE specific
strategy until you've mastered it. In "The 1 Hour Trade,"
you'll get a detailed, step-by-step blueprint that works. Unlike other
trading books giving you investment theory, you'll be taught a
successful strategy in its entirety, including the specific scanning
parameters for locating the trades, the exact analysis decisions you'll
need to qualify the trade, and the specific steps to take to execute the
trade and come out with a profit. This Book Is Not a "Black Box" Automated Trading System. You will need to use your brain, and work hard practicing the analysis process in order to be successful.
You'll learn how to:
Something Interesting to Read January 2014
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.
Sergey Golubev, 2014.01.23 12:30
New Trading Systems And Methods : Fourth Edition
As markets evolve, so must the strategies used to trade them. No one
understands this more than Perry Kaufman—one of today's most respected
futures experts. For more than twenty-five years, traders have turned to
Kaufman's classic Trading Systems and Methods for complete information
about the latest, most successful indicators, programs, algorithms, and
systems. Now, in New Trading Systems and Methods, Fourth Edition,
Kaufman thoroughly updates his bestselling guide—adding more systems,
more methods, and an extensive array of risk analysis techniques—and
shows you the best ways to trade today's futures and equities markets.
The companion CD-ROM, which contains TradeStation® code and Excel
spreadsheets, has been added to help you electronically implement the
systems and methods mentioned throughout the book.
New Trading Systems and Methods, Fourth Edition provides you with a
complete understanding of the tools and techniques needed to develop or
choose a trading program that is right for you. It begins with a
discussion of basic concepts, including definitions, how much data to
use, how to create an index, some statistics and probability, and other
tools that will be used throughout the book, then moves on to techniques
that are most important to trading—identifying the trend and momentum.
Other chapters are organized by common grouping so that you can compare
the different ways that similar problems have been solved. The
systematic approach to charting has been significantly expanded in this
edition, showing how various patterns can be compared to other
systematic methods, or how techniques such as identifying support and
resistance, or channels, can be computerized. Examples include a wide
range of futures and stocks.
New Trading Systems and Methods, Fourth Edition doesn't attempt to prove
that one system is better than another, because it's impossible to know
what will happen in the future or how you will cleverly apply these
techniques. Instead, it tries to evaluate the conditions under which
certain methods are likely to do better and the situations that will be
harmful to specific approaches. By grouping similar systems and
techniques together, you'll be able to personally compare the
differences and study the results. Seeing how analysts have modified
existing ideas can help you decide how to proceed and give you an
understanding of why you might choose one path over another. Since no
trader can be successful without controlling risk, this edition also
includes expanded coverage of portfolio allocation, which will allow you
to efficiently balance trading exposure.
As the competition for trading profits gets keener, you need to look for
more innovative—and sometimes more extensive—solutions. You need
strategies that are different from those of other traders. You need the
tools, skills, and awareness that only New Trading Systems and Methods,
Fourth Edition can provide.
Something Interesting to Read August 2014
Natasya Saad, 2014.08.10 08:54
Enhancing Trader Performance: Proven Strategies From the Cutting Edge of Trading Psychology
Trading is a performance discipline, and like Olympic athletes, elite
military troops, and performing artists, traders can structure their
development to achieve competence and expertise. Through his own trading
experiences and those of individuals he has mentored, Dr. Brett
Steenbarger is familiar with the challenges thattraders face and the
performance and psychological strategies that can meet those challenges.
his first book, The Psychology of Trading, Dr. Steenbarger provided a
framework for understanding and overcoming the mental obstacles to
successful trading. Now, in Enhancing Trader Performance, he goes a step
further and shows you how to transform talent into trading skill
through a structured process of expertise development.
Straightforward and accessible, this comprehensive guide:
When you enhance your
performance as a trader, you replace a small piece of randomness with
intention. This enables you to make more informed trading decisions as
you make your way through today's dynamic markets. Filled with in-depth
insights, practical advice, solid research, and detailed examples,
Enhancing Trader Performance offers an innovative approach to market
Something Interesting to Read June 2014
Muhammad Syamil Bin Abdullah, 2014.06.26 07:00
Building Reliable Trading Systems : Tradable Strategies That Perform As They Backtest and Meet Your Risk-Reward Goals
A tradable strategy is one that fits your own risk-reward goals and
trades as well in real time as it performs in a development backtest.
While it's not easy to create a tradable strategy, due to pitfalls
ranging from excessive curve-fitting to greed, if done the right way,
you can achieve a realistic level of success.
this better than author Keith Fitschen—a thought leader in trading
system development whose most popular system, Aberration, has been named
"One of the Top Ten Trading Systems of All Time" by Futures Truth.
For more than twenty-five years, Fitschen has developed and actively
traded his proven systems, and now he shares his extensive experience in
this field with you.
Engaging and accessible, Building Reliable Trading Systems
opens with a practical look at exactly what is achievable with a
trading strategy. This includes documented performance from some of the
best money managers in the world over the last five years, metrics that
best characterize a trading strategy's performance, and a set of
questions to help you define what would constitute a "tradable strategy"
according to your personal risk-taking tolerance. It also addresses one
of the biggest problems in developing a strategy—curve-fitting—and
presents a unique methodology known as "Build, Rebuild, and Compare," or
BRAC, that can be used to determine the degree of curve-fitting in your
With this information in hand, Fitschen
moves on to outline two tradable systems: one a short-term scalping
system for stocks, and the other a mid-term trend-following strategy for
commodities. Entries, exits, and trading filters are discussed as these
systems are developed. By the end of the process, both are "tradable"
as is, but in order to tailor them to a range of risk-reward
profiles—from large stock and commodity accounts to small—you'll be
introduced to some essential money management techniques. Fitschen also
develops a money management overlay to trade the stock and commodity
strategies together, which can yield a trading solution that is better
than either alone.
And for those who want even more detail about
the strategies developed in this book, the trades for both systems can
be found on www.keithstrading.com. At the website, you can input your
user name and password to find the TradeStation Easy Language code and
daily signals for them.
Written with the serious trader in mind, Building Reliable Trading Systems
contains information that you'll be hard-pressed to find elsewhere—from
BRAC to bar-scoring—and will put you in a better position to generate
realistic trading returns over time.