Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2016.04.02 09:21
Fundamental Weekly Forecasts for GBPUSD, USDJPY, AUDUSD, USDCAD and GOLD (based on the article)
This is a linear indicator of a currency power having the ability to filter by smoothing values. It shows the current power of selected currencies (the maximum number is 8), as well as historical values. The product is based on CPM Extended MT5. Calculation depends on the selected chart timeframe the indicator is launched at.
iPeriod - number of bars used to analyze currency power. HistoryBars - number of calculated bars on history. The parameter affects execution time during the first launc
EasyPen is designed as beautiful and innovative way to create and manage all your chart analysis, scribbles, notes and more. The app takes advantage of new MQL5 technology to offer an experience unseen in the other apps or in older MQL versions.
An App That Changes Everything
There is no existing drawing app that allows the level of customization that EasyPen offers. Change color of your pen, choose brush size, save drawings, keep drawings attached to specific position in chart, and more. With
Robust median Renko style indicator for creating custom charts resembling Median Renko, Mean Renko, Turbo Renko and Better Renko candles as well as vanilla Renko with wicks plus PointO charts. This all in one package provides all of the signals needed by day traders, scalpers and even long term traders.
The indicator is an overlay on the main chart so it is possible to utilize one-click trading and order manipulation directly on the custom charts. Visual order placement is a
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 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 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
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
IceFX VelocityMeter Mini is a very unique indicator on MetaTrader 4 platform which measures the speed of the Forex market. It is not a normal volume or other measurement indicator because IceFX VelocityMeter Mini is capable to understand market speed movements which are hidden in ticks and those valuable information cannot be read in an ordinary way from the candles.
The software monitors the received ticks (frequency, magnitude of change) within a specified time range, analyzes these info and
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
CCFpExt is an extended version of the classic cluster indicator - CCFp.
Arbitrary groups of tickers or currencies are supported: can be Forex, CFDs, futures, spot, indices; Time alignment of bars for different symbols with proper handling of possibly missing bars, including cases when tickers have different trading schedule; Using up to 30 instruments for market calculation (only first 8 are displayed).Parameters
Instruments - comma separated list of instruments with a com
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 an uptrend, SafeZone defines noise as that portion of the current bar that extends below the low of the previous bar, going against the prevailing trend. It averages the noise level over a period of time and multiplies it by a trader-selected factor.
For long trades, SafeZone subtracts the average noise level, multiplied by a fac
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 a panel for controlling the profit/loss in dollars, pips or % of balance. A new function for trailing profits has been implemented.
The panel can be used as a virtual Stop Loss or Take Profit.
It also features the emergency button - CLOSE ALL.
You can also try the full version of the VirtualTradePad for mt5 panel, as well as the Profit or Loss for mt4 panel
Other versions in this collection:
VirtualTradePad for mt5 Digit Market Time Pad Market Time Pad Scalper PadMain f
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
The EASIEST way to manage your risk for each trade!
Add the indicator to your chart, configure a risk percentage (of account equity) Enter the number of pips for your stop loss into the text entry field that appears on the chart The position size to take will automatically be updatedThe product features two modes - a compact mode which allows entry of stop loss pips and shows the resulting lot size based on the percent risk setting, as well as an expanded mode that also shows
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 th
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 Expert Advisor for increasing (or opening) market positions.
Allows specifying the desired risk, target and searching for the best open price and trade volume.
It is included in the ActivePanel product.
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 is an inter-week hourly filter.
When executing trading operations, the indicator allows considering time features of each trading session.
Permissive and restrictive filter intervals are set in string form. The used format is [first day]-[last day]:[first hour]-[last hour]. See the screenshots for examples.
Parameters: Good Time for trade - intervals when trading is allowed. Bad Time for trade - intervals when trading is forbidden.
time filter shift (hours) - hourly shift
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
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
Reverse TradeCopier Follow can copy trades from an account that is running Reverse TradeCopier Source.
Copies trades from one source (master) account to multiple following (slave) accounts. Allow investor (read only) password for source (master) account. There are no complicated settings and input parameters, everything is easy. Works with different brokers. Works with different quotes symbols (EURUSD_FX, eurusd_m, etc.). Can copy orders from 4-digit quotes platform to 5-digi
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 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
Does not support openning multiple 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
This indicator will help you add any custom indicators to a mini chart that is open on the main chart.
When you start this indicator, in the parameter table, you have to choose the name the of mini chart you want to add to the main chart, and you have to choose the symbol, period and coordinates of the minichart on the main chart with X-distance and Y-distance parameters. Then you type the indicator's name (that indicator must exist in the indicator folder already).
If you want, you can choos
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
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
Does not support openning multiple 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 Butt
USD/JPY Intra-Day Technical Analysis - waiting for for the bearish trend to be continuing or the bear market rally to be started
is located below SMA with period 100 (100 SMA) and SMA with the period
200 (200 SMA) for the bearish market condition: the price is ranging within 109.01 resistance level and 108.63 support level waiting for the direction for the primary bearish trend to be continuing or the bear market rally to be started. RSI indicator is estimating the ranging bearish trend to be continuing.
SUMMARY : ranging
Sergey Golubev, 2016.04.08 08:15
USD/JPY Intra-Day Fundamentals: Japan Consumer Confidence and 17 pips price movement
2016-04-08 06:00 GMT | [JPY - Consumer Confidence]
if actual > forecast (or previous one) = good for currency (for JPY in our case)
[JPY - Consumer Confidence] = Level of a composite index based on surveyed households, excluding single-person homes.
USDJPY M5: 17 pips price movement by Japan Consumer Confidence news event
Sergey Golubev, 2016.04.09 08:53
Naoyuki Shinohara, an ex-IMF deputy chief and formerly Japan's top currency diplomat (the articles' review)
Quick Technical Overview - Sell USD/JPY: bearish breakdown
USD/JPY: bearish breakdown. The price is located to be below 100-day SMA and 200-day SMA for the primnary bearish market condition: the price is on breakdown with 107.67 support level as the tager for the bearish breakdown to be continuing if broken. Alternatively, if the price breaks 113.79 resistance level to above so the bear market rally will be started within the bearish condition with the good possibility to the reversal of the price movement to the primary bullish market condition if 117.51 resistance level will be broken to above.There are the following news events which will be affected on USD/JPY price movement for the week:
USDJPY Technical Analysis 2016, 17.04 - 24.04: bearish ranging within key narrow s/r levels
Daily price is on bearish market condition located below Ichimoku cloud and below Senkou Span line which is the virtual border between the rpimary bearish and the primary bullish trend on the chart - the price is on ranging condition within the following narrow s/r levels:
Span line is below the price indicating the ranging condition to be continuing by direction, Trend Strength indicator is estimating the primary bearish, and Absolute Strange indicator is evaluating the price
movement as the secondary ranging condition.
If D1 price will break 107.66
support level on close bar so the bearish trend will be continuing.If D1 price will break 111.35
resistance level on close bar from below to above so the local uptrend as the bear market rally will be started within the primary bearish market condition.If D1 price will break 114.87
resistance level on close bar so we may see the reversal of the price movement from the primary bearish to the primary bullish trend.If not so the price will be on ranging within the levels.
Sergey Golubev, 2016.04.20 08:30
USD/JPY Intra-Day Fundamentals: Japan Trade Balance and 23 pips price movement
2016-04-19 23:50 GMT | [JPY - Trade Balance]
[JPY - Trade Balance] = Difference in value between imported and exported goods during the reported month.
USD/JPY M5: 23 pips price movement by Japan Trade Balance news event
Weekly Forecast: the most interesting pair you can make money with - USD/JPY
USD/JPY: possible breakout with bullish reversal. The pair is on breakout which was started on Friday - the price broke 2 key resistance levels on open daily bar testing 112.77 resistance level to above for the breakout to be continuing. There are 4
simple scenarios for the price movement for the week:
Chinkou Span line is crossing the price to above on open daily bar together with Absolute Strength indicator estimating the breakout to be continuingn in the near future.
There are the following news events which will be affected on USD/JPY price movement for the week:
Sergey Golubev, 2016.04.28 07:54
USD/JPY Intra-Day Fundamentals: Japan Monetary Policy Statement and 289 pips price movement
2016-04-28 03:01 GMT | [JPY - Japan Interest Rate Decision]
USD/JPY sees a 200-pips fall:
"The yen jolted nearly 200-pips higher versus the American dollar in a knee-jerk reaction to the BOJ policy announcement,
as the central bank keeps monetary policy steady, maintains 80 trln Yen
base money target and 0.1% negative interest rate. USD/JPY plunged to
fresh one-week lows of 108.78 immediately after the BOJ decision, before
recovering some ground to now trade around 109.25, still down –2.03% on
the day.""The Japanese currency received a huge boosts as markets
were expecting more easing from the BOJ in wake of the recent
appreciation in the yen against the greenback and underlying subdued
price trends. However, markets were disappointed as BOJ decided to adopt
loan support programme only for banks in areas hit by southern Japan
USD/JPY M5: 289 pips price movement by Japan Monetary Policy Statement news event
USD/JPY Technical Analysis 2016, 08.05 - 15.05: daily bearish within narrow levels; weekly bearish breakdown; monthly correction; 106.27 is the key
The Short-Term situation. Daily price was on the bearish breakdown since end of April this tear: price broke key support levels to below on the way to go to downtrend which was started from Senkou Span line and stopped by 106.27 support level. For now, the price is on narrow ranging within the following s/r levels:
If D1 price will break 106.27
support level on close bar so the primary bearish trend will be continuing with 105.54 nearest target to re-enter.If D1 price will break 108.19
resistance level on close bar so the local uptrend as the bear market rally will be started.If not so the price will be on ranging within the levels.
The Medium-Term situation. Weekly price is on the bearish breakdown since end of January
this year: price broke key support levels together with Ichimoku cloud to below with 106.27 support level to be tested for the bearish breakdown to be continuing.
The Long-Term situation. Monthly price is on secondary correction which was started in the beginning of February this year with 106.27 support level testing for the correction to be continuing.
Sergey Golubev, 2016.05.09 08:17
Soros Chart Signals BOJ Bond Buying Already Enough to Weaken Yen (based on the article)
"The Bank of Japan’s bond buying has nearly trebled the monetary base in
just over three years to more than 386 trillion yen ($3.6 trillion) as
of April, a central bank report showed Friday. Base money in dollar
terms is at its highest relative to the U.S. since 2006 at 96 percent,
despite Japan’s economy being about a quarter the size. Some traders
have dubbed the ratio a “Soros Chart,” after billionaire investor George
Soros correctly predicted in the 1990s that burgeoning supplies of
funds would weaken the yen."
"An expanding monetary base is a factor for yen weakness, making it hard
to imagine that the one-way strength that we’ve seen in the yen will
continue,” said Fumio Nakakubo, chief investment officer for Japan at
UBS Group AG’s wealth management unit. “There is an excess of yen in the
market -- like how juice gets diluted by adding too much water -- and
it will cause the yen’s value to drop further and further.”