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market and economics. Please make a post about books with possible cover
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MACD All MAs-14 is a MACD indicator that allows choosing usual parameters of the standard MACD (constructed from EMA) as well as the type of the moving average to be applied: up to 14 different types.
You can select 9 standard MAs available in MetaTrader 5 - SMA, EMA, SMMA, LWMA, DEMA, TEMA, Frama, VIDYA, AMA, TRIX, and 4 non-standard - LRMA, HMA, JMA, AFIRMA.
Method MA - select the type of moving average to be displayed in the current graph. Period slow MA - the number
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
DeltaVolumeDistribution indicator can be considered as the fusion of the DeltaVolume and TradeSizeDistribution indicators.
This indicator, inspired by the MarketDelta-family charts, computes the net difference between trades occurring at bid and at ask, while trades occurring between bid and ask quotes are not computed. The indicator plots the resulting DeltaVolume as a unique distribution plot.
With the DeltaVolumeDistribution indicator you will actually be able to see the order flow entering
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 script is intended for automatic placing of Sell Stop pending orders, Stop Losses and Take Profits on the user specified levels. This script is not that useful as "Virtual pending buy stop", since short positions are opened as Bid price crosses the levels. Thus spread widening is not dangerous. Nevertheless, you need to have this script to prevent unwanted hitting of the Stop Loss levels.
Automation of the process of placing the Sell Stop pending orders, Stop Losses and T
Safe Automatic is a safe MetaТrader 5 trading robot working autonomously on a VPS server. The good results are achieved on EURUSD.
The EA applies modified versions of a trend-following strategy, half-pyramiding, scalping, Elliott Wave method and speculating trading with a deposit protection. The EA switches the strategies automatically. The program also takes the news calendar into account: the robot does not enter the market in a 10-minute interval before and after a news rel
CandleTimer is an indicator that can be usable for scalper and short-term traders. It shows the following useful information:
Remaining and past time of a candle on the current chart or other timeframe Alarm setting for play sound at the start of the current candle Show SL/TP line defining whether the indicator has a Sell or Buy order or both Show a spread value Show Ask and Bid lines in different colors in high and low spread Compatible with a money management EA (you can buy it separat
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:
Trade Copier Pro is a powerful tool to copy trade remotely between multiple accounts at different locations over internet. This is an ideal solution for signal provider, who want to share his trade with the others globally on his own rules. One provider can copy trades to multiple receivers and one receiver can get trade from multiple providers as well. The provider can even set the subscription expiry for each receiver, so that receiver will not be able to receive the signal after that
The 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
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
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
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
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
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
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
The most profitable trend traders are the ones who know how to recognize not only the market trend, but also the trading opportunities that arise once a trend has been established. The Pz Trend Trading indicator has been designed to profit has much as possible from trends taking place in the maket.
Established trends offer dozens of trading opportunities, but most trend trading indicators neglect them completely, and leave the trader completely uninformed about what the market is doing during a
The indicator displays the current market information about the recent trades (their direction and volume).
BackColor - general background color of the indicator; AboveAskBackColor - background color of the line with information about the last trade in case it was performed at the price above Ask; AboveAskFontColor - color of the text entered in the line with information about the last trade in case it was performed at the price above Ask; AtAskBackColor - background color of the
Easy Order is an Expert Advisor allowing you to enter any type of trade with one click based on your RISK preferences.
You can choose to enter a trade and automatically calculate your lot size based on how much of your account you want to risk. Risk is calculated based on your Stop Loss placement. You can use a fixed lot size if you don't want to use risk based calculation of lot size. Your previous setting of risk based or fixed lot size remains saved for your next use of this Expert Advi
Virtual TrailingStop is an Expert Advisor that manages trailing stop without sending its information to the broker server.
EnableVirtualTrailingStop: enable or disable whole function VirtualTrailingStop: the pip use for determine how far the Virtual Trailing Stop will placed calculated from current price StartFromBreakEven: true/false. If true, Virtual Trailing Stop will placed after breakeven BreakEvenPoint: point profit from order open price where the Virtual T
MetaCOT 2 is a set of indicators and specialized utilities for the analysis of the U.S. Commodity Futures Trading Commission reports. Thanks to the reports issued by the Commission, it is possible to analyze the size and direction of the positions of the major market participants, which brings the long-term price prediction accuracy to a new higher-quality level, inaccessible to most traders.
These indicators, related to the fundamental analysis, can also be used as an effective long-term filte
The script creates account summary report in a separate window.
The report can be created for all deals and on deals for selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
The script creates account summary report in a separate window.
The report can be created for all deals and for deals of the selected financial instruments.
It is possible to specify a time interval of calculation and save report to htm-file.
The Heiken Ashi indicator drawn using a tick chart. It draws synthetic candlesticks that contain a definite number of ticks.
option prices - price option. It can be Bid, Ask or (Ask+Bid)/2. the number of ticks to identify Bar - number of ticks that form candlesticks. price levels count - number of displayed price levels (no levels are displayed if set to 0 or a lower value). calculated bar - number of bars on the chart.Buffer indexes: 0 - OPEN, 1 - HIGH, 2 - LOW, 3 - CLOSE.
The indicator displays economic news on the currency chart (the appropriate data must be downloaded from the Internet - please see the download instructions on the screenshots provided). The list of currencies (countries) is customizable. By default it shows all currencies. The main parameters come with a built-in description. In addition, there are parameters for advanced users. News items are divided into 3 categories by degree of importance. There is a great flexibility in display parameter s
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!
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
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
Ichimoku Kinko Hyo is a purpose-built trend trading charting system that has been successfully used in nearly every tradable market. It is unique in many ways, but its primary strength is its use of multiple data points to give the trader a deeper, more comprehensive view into price action. This deeper view, and the fact that Ichimoku is a very visual system, enables the trader to quickly discern and filter "at a glance" the low-probability trading setups from those of higher proba
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.