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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
Scalper with Automatic Parameter Setting
Would you like to have an Expert Advisor that could automatically calculate trade parameters and adjust to the current market situation?
We present you our new development for the Forex market. This is a tick scalper for МТ4 and МТ5 - TickSniper.
Trading with it is fully automated. Forget continuous monitoring - this Expert Advisor trades independently. Its settings have been optimized over the course of testing on our real accounts.
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
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
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
Cluster analysis is now available in MetaTrader 5!
YuСlusters indicator builds a cluster graph based on tick data. For exchange instruments it is the volume and the last deal price, for Forex instruments it is the real or tick volume (depends on broker) and selectable type of the current price: Bid, Ask or (Bid+Ask)/2.
There are 5 criteria of cluster generation: Time interval, the criterion is set in seconds. Price range, the criterion is set in points. The current cluster is closed when the
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
Sideways Alert Indicator is a very effective tool to indicate sideways conditions on live charts and to determine its levels. It helps us trade within the range or trade the breakout or just simply to filter out sideways market conditions.
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
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
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
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 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 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
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
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.
The script is intended for automatic placing of Buy Stop pending orders, Stop Losses and Take Profits on the user specified levels.
Avoiding unwanted entering a long position in case of false hitting the level as a result of widening of the spread by a dealing center. Avoiding unwanted triggering of a Stop Loss in case a quote pierces a significant level (fractal) without further confirmation with the close price. Setting a necessary virtual order and entering the market in
The Expert Advisor implements the classic "triangular arbitrage", which is successfully used by hedge funds.
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 combining cross rates of individual currency pairs.
The advantages of the strategy are the following:
The indicator determines and marks the short-term lows and highs of the market on the chart according to Larry Williams` book "Long-term secrets to short-term trading".
"Any time there is a daily low with higher lows on both sides of it, that low will be a short-term low. We know this because a study of market action will show that prices descended in the low day, then failed to make a new low, and thus turned up, marking that ultimate low as a short-term point. A short-term market high is just
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
This is Gekko's Cutomized Moving Average Convergence/Divergence (MACD), a customized version of the famous MACD indicator. Use the regular MACD and take advantage of several entry signals calculations and different ways of being alerted whenever there is potential entry point.
Fast MA Period: Period for the MACD's Fast Moving Average (default 12); Slow MA Period: Period for the MACD's Slow Moving Average (default 26); Signal Average Offset Period: Period for
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
SafeZone is a method for setting stops on the basis of recent volatility, outside the level of market noise. It is described in "Come into my Trading Room" book.
In a downtrend, SafeZone defines noise as the portion of the current bar that extends above the high of the previous bar, against the downtrend. It averages the noise level over a period of time and multiplies it by a trader-selected factor.
For short trades, it adds the average noise level, multiplied by a factor, to the latest hig
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
Trading Chaos Expert Lite is a light version of Trading Chaos Expert. In the Lite version it is not possible to receive the table of trading signals, automatically place pending orders based on them and maintain open positions for multiple symbols at the same time in one window. Only the Current Chart mode is available. In all other features the panel is fully consistent with the basic version of the Expert Advisor.
This is, rather, a well thought out trader's assistant which is not easy to do
Purpose and functions of the indicator
The indicator determines and marks the moments of trend change on a chart based on the theory of fractal levels breakdown on any time frames. If a breakdown based on all rules is real, the horizontal lines will appear on the chart with corresponding color. If there is an up trend, the line will be blue. In the descending trend the line will be red. The blue line is a strong support level, the trader should look for buying opportunities above this line. The
This indicator allows you to enjoy the two most popular products for analyzing request volumes and market deals at a favorable price:
Actual Depth of Market Chart Actual Tick Footprint Volume ChartThis product combines the power of both indicators and is provided as a single file.
The functionality of Actual COMBO Depth of Market AND Tick Volume Chart is fully identical to the original indicators. You will enjoy the power of these two products combined into the single super-indicator!
This 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
The indicator has standard settings. The new modification of indicator provides special marking of the segment when the moving averages begin to form a cross in one direction or another. The Alligator`s cross indicates that the trend is about to change. Modified Alligator helps traders to determine a trend on a particular timeframe even if the averages are intertwined and have a shift in the future. Direction of a trend is determined by a cross of the averages with a specified marking area on th
FourAverage: A Breakthrough in Trend Identification
With evolving information technology and increasing number of market participants, financial markets get less and less analyzable using good old indicators. Common technical analysis tools, such as Moving Average or Stochastic alone, are not capable of identifying the trend direction or reversal.
Can a single indicator show the right direction of the future price, without changing its parameters over 14 years' history, while at the same time
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
Forum on trading, automated trading systems and testing trading strategies
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, 2014.01.10 09:14
Scott M. Carney
Now, in Harmonic Trading: Volume 2, Carney takes a quantum leap forward,
introducing new strategies, patterns, and methods that make Harmonic
Trading an even more powerful tool for trading the financial markets.
For the first time, he reveals how to utilize harmonic impulse waves and
introduces measurement techniques that identify market turning points
even more accurately. Finally, he demonstrates how to integrate the
Relative Strength Indicator (RSI) with advanced Harmonic Trading
techniques to separate minor “reactive” moves from major opportunities.
The Complete TurtleTrader: How 23 Novice Investors Became Overnight Millionaires
The first impression one gets from The Complete Turtle Trader is quite
favorable. It is an attractive format, and a pretty easy read, though
well written and detailed. The primary text is about 200 pages, which I
got through in a single afternoon (though I do read faster than most).
And the price tag is extremely reasonable for a hardcover trading book,
much lower than what you often see.This book definitely
continues along the path of the trend trading subject of Covel's earlier
book, Trend Following, but does so through the story of the famous
Turtles. Readers of Jack Schwager's book, Market Wizards, and it's
follow-up, The New Market Wizards, will be familiar with the Turtles.
They are the result of a nature vs. nurture running debate between
famous futures trader Richard Dennis (a Market Wizard) and his partner
William Eckhardt (profiled in The New Market Wizards).The Turtle
program was an effort to determine whether traders can be created,
developed through training as opposed to having some innate talent for
it. This topic has been the subject of debates in trading circles for
probably as long as there has been traders. To a certain degree, the
classic movie Trading Places, which was released very near the time of
the first Turtle program, has at it's core the same theme.In The
Complete Turtle Trader, as the subtitle suggests, Covel tells the story
of the Turtles from the selection process which brought together two
very diverse groups of people in 1983 and 1984 all the way through to
where they are today. It includes a discussion of their training
program, their performance, and of course the ideas underlying the
system they employed, one based on trend following. The explanation of
the latter is pretty direct - definitely enough to give the reader a
really good idea of the way the Turtles were taught to trade, which they
did very successfully. Figures to that end are provided throughout the
text and in supporting appendices. The author also includes comments on
how individual traders can apply the Turtle techniques and philosophy
themself.For someone like myself, who first heard about the
Turtles through Schwager's writings, this book was a really interesting
back-filling of the story. When Schwager was putting his books together,
the Turtles and their instructors were very tight-lipped about the
details of the experience. In this book, Covel has been able to flesh
things out, not just in a kind of history text sort of exposition, but
one which includes a great many comments and annecdotes from the
participants. It is a tale which really explores the whole perspective
of life as a Turtle.The story Covel lays out offers a great many
insights. Obviously, the first one is that learning how to trade, and
to make big returns, is possible. Probably the most interesting part of
the narrative, though, (in terms of the story, anyway) is what happened
to the Turtles after they left the program. It will come as no surprise
that the diversity of their backgrounds and personalities has been
reflected in the diversity of what they have done over the intervening
years. I was particularly enthralled by the discussion of the
adjustments they had to make to be successful as big-time money
managers, something their mentor Dennis was never quite able to do.Overall
I consider The Complete Turtle Trader a very enjoyable and worthwhile
read. It has a lot of elements, and of course trading strategy. I
actually found reinforcement of many of my own trading ideas as I was
reading, seeing them in a different light. That's not something which
happens much after twenty years of trading and reading books and
articles on the subject. Of course not everyone is going to find the
fullness of the theory or application behind Turtle trading suitable to
them, but it is always worth making an effort to learn from those who
have achieved success before us, and that's an opportunity this book
The Simple Strategy - A Powerful Day Trading Strategy For Trading Futures, Stocks, ETFs and Forex
A profitable trading strategy is the most important tool for a trader.
This book explains a powerful trend-following day trading strategy for trading futures, stocks, ETFs and Forex.
The Simple Strategy is very popular amongst traders for the following reasons:
Something Interesting to Read December 2013
Sergey Golubev, 2014.01.17 14:00
Something Interesting to Read March 2014
Sergey Golubev, 2014.03.29 08:50
"The most complete reference to chart patterns available. It goes where
no one has gone before. Bulkowski gives hard data on how good and bad
the patterns are. A must-read for anyone that's ever looked at a chart
and wondered what was happening."
Charting and Technical Analysis by
Something Interesting to Read February 2014
Sergey Golubev, 2014.02.17 08:17
The Master Swing Trader by Alan Farley
Today’s top market players understand that our "efficient" markets are
actually highly inefficient, driven by insiders with hidden agendas and
an irrational pack mentality that has little to do with underlying
value. Fortunately, this constant imbalance generates repeated,
high-probability trade setups—and Alan Farley’s The Master Swing Trader
reveals how you can find and profit from these difficult-to-spot
opportunities before they disappear.
Farley’s innovative system is based on Pattern Cycles—shifting market
stages that repeat in an orderly, predictable process through all price
charts and time frames. These classic Pattern Cycles:
The Master Swing Trader will help you apply Pattern Cycles to your
advantage, over and over again. By encompassing virtually all market
action, and revealing how price moves in a highly predictable manner,
its powerful tools will give you the edge you need to take other
people’s money before they take yours.