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
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
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
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
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
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
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
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!
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 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
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 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.
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
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
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
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 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
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
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
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
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 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.
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
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
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
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.
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
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
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.