Daily price is on bullish market condition for secondary ranging between 1.1713 key resistance level and 1.0847 support level. The price is located above Ichimoku cloud by crossing 1.1294 resistance level from below to above for the bullish trend to be continuing. Chinkou Span line is above the price indicating the bullish breakout in the near future.
D1 price - possible bullish breakout:
If D1 price will break 1.1086
support level on close D1 bar so we may see the reversal of the price
movement to the primary bearish market condition with secondary ranging
(ranging bearish).If D1 price will break 1.1713 resistance level so the bullish trend will be continuing.If not so the price will be on ranging between the levels (ranging bullish).
SUMMARY : bullish
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
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
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 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
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
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
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
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
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
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 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!
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
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
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 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
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
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
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 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
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
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
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
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
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
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
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
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.
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
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
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
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2015.09.14 06:22
September FOMC Forecast by Nomura (based on efxnews article)
Nomura is expecting the first Fed hike in December and explaining about it: the FOMC will not raise rates this week during September FOMC:
As we know - some int'l financial institutions are still expecting for Fed hike to rise this week so that is why the opinion of Nomura Holdings is important for us here.
Sergey Golubev, 2015.09.14 07:53
Morgan Stanley made weekly forecast for EUR in
fundamental/technical mixed way expecting bearish EUR (based on efxnews article):
"We remain bearish on EUR over the medium term but see reason for some
support in the near term. EURUSD continues to be inversely correlated
with risk appetite. This suggests that as global volatility remains high
and risk appetite weak then there is reason to see EUR supported.
Draghi sounded very dovish at the recent ECB press conference so, should
the voices from the central bank suggest more aggressive monetary
action, then this would be a risk factor to our near-term view."
the technical point of view - EUR/USD is located below
100-SMA/200-SMA for ranging within 1.1713 key resistance and 1.0807 key
support levels for crossing symmetric triangle pattern for the
trend to be continuing. Intermediate support level as the nearest
bearish target is 1.0925, and the key bearish target is 1.0807. The
situation with EUR/USD may be described on the following way:
Sergey Golubev, 2015.09.14 13:53
EUR/USD: Levels & Targets by United Overseas Bank (based on efxnews article)
United Overseas Bank estimated the nearest bullish target for EUR/USd as 1.1475 with 1.1250/55 as the bearish reversal level.
situation is mostly related to intra-day trading: as we see from H4
chart - the EURUSD is on bullish trend with 1.1379 as the next target;
and the reversal bearish target is 1.1253. It means the following:
Sergey Golubev, 2015.09.14 18:32
Trade Ideas For EUR/USD and GBP/USD by UBS Group (based on efxnews article)
UBS Group made a trading forecast for EUR/USd and GBP/USD for today and tomorrow:
EUR/USD: "traded bid last week and ended with a short
squeeze. Flows were mixed but demand improved as the weekend got closer
so it seems that the market is happy to play the pair from the short
side, although conviction is low. All eyes are on the FOMC meeting this
week, and activity could be limited until then."
GBP/USD: "Cable has found good support around the
200-day moving average and with the positive tone from the BoE last
week, this bounce should continue. This is a busy week for data, with
CPI, earnings, unemployment, and retail sales due. Buy dips, with a stop
below 1.5350, for a test of 1.5500 and 1.5550."
Sergey Golubev, 2015.09.15 07:44
EUR/USD Tech Review: 'correcting the to 1.11' by Nomura; 'it isn’t very clear' by Goldman Sachs (based on efxnews article)
Nomura made a forecast for EUR/USD stated about correction for this pair to 1.11 :
By the way, Goldman Sachs noted that the setup in EUR/USD isn’t very clear:
as we see from daily chart - the price is located near above 200 day
SMA with 1.1372 resistance level to be ready for two scenarios to be
Sergey Golubev, 2015.09.15 18:06
if actual > forecast (or previous data) = good for currency (for USD in our case)
[USD - Retail Sales] = Change in the total value of sales at the retail level. It's the primary gauge of consumer spending, which accounts for the majority of overall economic activity.
EURUSD M5: 30 pips price movement by USD - Retail Sales news event:
Sergey Golubev, 2015.09.16 09:12
EUR/USD Into FOMC - BNPP (based on efxnews article)
BNPP is expecting for Thursday’s FOMC statement to be in dovish way and as a result - the EUR/USD should come to 1.10 to be near 1.1088 reversal support level located inside Ichimoku cloud and below 200 day SMA in the ranging bearish area of the chart.
For now - the price is located near above 200 day SMA to be ready for the bullish trend to be continuing, or to reverse to the primary bearish market condition with secodary ranging. If daily price crosses 1.1088 from above to below so we may see the reversal of the price movement to the primary bearish market condition.
Sergey Golubev, 2015.09.16 12:00
Intraday Outlooks For EUR/USD - SEB (based on efxnews article)
Skandinaviska Enskilda Banken made an intra-day forecast for
EUR/USD. As we see from the chart below - the price is located between
100 SMA and 200 SMA for ranging market condition waiting for direction.
On daily base - the price is near above 200 day SMA for trying to cross
it from above to below for the ranging bearish condition to be started
in this case.
EUR/USD: Bears are happier below 1.1329. "A near-term
bearish impulse may or may have not yet started. If holding from
breaking back over 1.1329 and instead extending the drop below the
near-term "Equality point" at 1.1240 we believe in the former. Current
intraday stretches (shouldn't really become tested ahead of Fed) are
located at 1.1200 & 1.1370."
Sergey Golubev, 2015.09.17 12:57
How To Trade The FOMC - Credit Agricole (based on efxnews article)
Sergey Golubev, 2015.09.18 07:14
USD Post-FOMC by Major Banks (based on efxnews article)
The dovish FOMC was on Thursday at 19:00 GMT so the major banks are made a forecast about the USD after FOMC.
Morgan Stanley: "Long USD positioning is vulnerable over
coming days and perhaps weeks...But USD Impact Temporary. Our
structurally bullish USD view has never been Fed-focused. Rather, our
framework is built on the reduced investment attractiveness in much of
the rest of the world. Any setback in the USD is likely to be
short-lived in our view, providing a renewed buying opportunity against
EM and commodity-related currencies."
BofA Merill: "The lowering of the median dots raises risks around
a hike this year. But, the FOMC’s confidence in the outlook
(particularly in the labor market) underpins hikes later this year, and
therefore, the policy divergence theme we expect to support the USD. With
a 30% chance priced into the meeting, we would expect some near-term
pressure on the USD—particularly versus commodity-linked currencies
where USD positioning is largest—as the timing of the first hike is now
less certain. However, with any significant USD weakness likely to
incent other central banks (like the ECB) to ease further and given our
view for a December Fed hike, we see USD downside as limited here."
Nomura: "For the FX market specifically, Nomura doesn't think the
information received today will lead to a sustained unwinding of USD
longs versus G10 currencies—i.e., momentum could fade within a few
sessions. We have been flat in terms of USD exposure versus majors for
the last several weeks in anticipation of this outcome. But looking
ahead, the Fed is still operating with liftoff this year as the central
case, as the 2015 dots clearly signal. Bottom line: We still
believe that our 1.10 year-end target for EURUSD is likely to be
achieved under the assumption th that the Fed is able to raise rates by
the December meeting, which seems fairly likely."
SocGen: "The Fed’s decision to leave rates on hold was
not a surprise to a market positioned that way but the tone of the
statement and the new lowered ‘dot-path’ (median sees one hike this
year, 4 in 2016, 5 in 2017 and 3 in 2018 for a 3.375% Funds rate peak)
have dragged Treasury yields down. That is not
dollar-supportive. However, any bounce in risk assets will be
short-lived. A dovish and dithering Fed inspires little confidence. Once
EMinspired reduction in dollar long positions is over, we look for AUD,
NZD and CAD to weaken again, with NZD the most vulnerable. And the
biggest winner could still be the yen if the risk mood sours."
Danske: "We target EUR/USD at 1.10 in 3M and 6M and then up to 1.15 in 12M. We
forecast JPY to underperform among the G4 as rising expectations for
additional BoJ easing will support USD/JPY going into the 30 October
Bank of Japan meeting. Moreover, we note that the upside potential in
USD/JPY has increased following the past week’s substantial reduction in
specualtive short JPY positions. We target USD/JPY at 124 and 125 in 3M and 6M, respectively.
In contrast to EUR and JPY, GBP is also expected to perform on a 3M to
6M horizon supported by higher Uk interest rates as we still project
Bank of England to hike in February. In the very short term, however,
GBP is likely to come under pressure on low inflation prints in the UK
as due to BoE’s explicit concerns about the weak short term inflation
outlook. We forecast GBP/USD at 1.53 in 3M."