This is about something interesting which we can find here for MT4 and MT5 on CodeBase, Articles and inside the threads.
No any signals, market prodducts, external links (to download or any), no any advertising, no any commercial things please.
This is for MT4 posted in CodeBase (in Russian language sorry). Link to this EA in CodeBase is here.
What is interesting? There are 7 pages of the discussion about this EA, and it was already 10 versions were uploaded by the coder on the discussion thread (discussion thread is this one). Some users are testing EA on demo or real accounts and uploading the results on the thread with the suggestion to the coder about what to improved. I traded using version #8 and the last variation of this EA - 'in-seconds' version.
EA is placing 2 pending orders (buy stop and sell stop) and moving/modifying them all the time ('in-seconds' version - the pending orders are modified in seconds, for exmple: every 5 sec, or every 15 seconds - good to trade the news events).
My setting/parameters for EURUSD M5 are the following ('in-seconds' version because this is the latest one):
input int MMlot=25; //MMLot (Lot in percentage)
input double minlot=0.01; //min lot
input double maxlot=500; //max lot
input int sl=170; //stop loss and trailing stop
input int distance=50; //distance between pending orders
input int refreshtime=15; //time to modify the pending orders,sec
input int FridayHourOFF=20;
Some users prefer to use USDJPY only but I am using EURUSD.
Just the situation for now:
- it was profitable trade and it was closed:
- and the EA opened new pending orders:
This is the indicator for MT4, and this is the Ichimoku + MACD (all in separate window). The indicator can be used on as the filter (to filter the false signals for almost any systems).
This is really good indicator and it can be used with any signal system
(asctrend, brainwashing, braintrend, and so on) just for sell/buy
signals confirmation (as the
filter for example). Some examples about how to use it:
RdzGridTraps EA (Grid Trading EA)
This is EA for MT4, with ex4 file only but free to use, and this EA was not uploaded to our CodeBase. But the discussion thread is this one.
It is placing the pending orders (I am using 'Grid Order Count (each side)' setting as 6, and different magic number for every pair. This is very interesting about how this EA will perform during the NFP today for example.
As we see - I am already in profit (15 dollars) since today morning:
zigzag_nk_fibo indicator and
Those are two famous indicators for MT5 for Fibo levels, Fibo fans, static Fibo, dynamic Fibo, and some more.
I know that many traders are using MT4 only to trade but I am suggesting to use Metatrader 5 as well (I am using MT5 for technical analysis for example).
How to use in Tech Analysis
As we see from the chart below (EUR/USD, D1) - the price is located below 100 SMA/200 SMA for the primary bearish market condition for the ranging within the following key support/resistance levels:
If the price will break Fibo support level at 1.0710 so the primary bearish trend will be continuing. If the price will break Fibo resistance level at 1.1059 from below to above so the bullish reversal will be started. If not so the price will be ranging within the levels.
Good thread was started in Russian part of the forum: How to sell your products, services and signals (in Russian language). This thread is about to share the experiance concerning how to sell/promote your signals/market products/freelance services in internet and everywhere (I mean: this is HowTo thread).
Do we need same thread here in English part of the forum?
Do you sell something on the Market? Are you signal provider? So, just some links about promotion:
This is profitable EA which is losing most of the time (losing but profitable): eur/usd trend catcher - expert for MetaTrader 4
The settings suggested by the author:
Download EA from here and change Digits.pips to Digits_pips inside the code in MetaEditor.
Some members are asking the indicators/template to evaluate the market condition (they see that I am making some posts related to the technical analysis, and they are asking about indicators/template to do the same). So, please find the link to the post related to this subject:
And some more:
more to follow ...
MA Channel Stochastic system is here.
Well, about two years ago I had been using an EA, which updated the pending order every 30 seconds. After a month I received a warning note from the broker, that if I didn't stop placing orders so often, they would quit my account. Their explanation was that replacing orders in the market was not for free for them. So probably similar strategy would be acceptable only with brokers, which have no fee for maintaining orders (MM).
Some interesting indicator was found: Pinbar Detector - indicator for MetaTrader 5
If you are price action trader/analyst so it may be very useful for you: