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 indicator shows the relative "strength explosion" of a selected currency. An additional "limiting" channel is used for filtering the indicator values.
VolatilityPeriod - period to analyze currency volatility, MainPrice - price used for calculation main values of the indicator, FastPeriod - fast period for calculation, FastMethod - method of smoothing of the fast line, SlowPeriod - slow period for calculation, SlowMethod - method of smoothing of the slow line, SmoothingPeriod - resul
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 marke
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
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
The Synchronized Charts script allows comparing bars of different symbols or different periods of the same symbol.
Attach the script to a chart and move bars or change the scale, all opened chart will move synchronously with the current one. The bars on different charts aligned to the border according to their open time.
The indicator automatically plots and tracks buy and sell Fibo levels at any symbol and timeframe.
the trend on all timeframes and indicators values.
Fibo levels of the probable upward or downward price movements.entry points are shown using "up arrow", "down arrow" icons. The data is doubled on SELL and BUY buttons.rectangle area limited by levels 0-100. Trading is performed from one level to another (no trend).Features
calculation of the trend of indicat
This script help user record the value of Moving Average and OHLC at the moment once deals happen.
The datas save as .CSV format file so you can quantitative analysis someone's trading.
Please input value of MA's parameters you like. It tells you the path of data file when script is stopped.
This is a half scalping system that analyzes the market using a transmission function. The system can be scalping or not depending on the "takeprofit" and "stoploss" parameters.
This Expert Advisor is intended for trading on EURUSD, however it can work on other currency pairs. You should use timeframe M1 for trading.
You should optimize only two parameters: Seconds_to_move and TradePrice. It is sufficient to optimize Bobra Adept only once, for example, for a half year period. After that, Bobra
This trading panel has been developed for fast and comfortable operation of the financial markets. It is equipped with the necessary functions for manual and semi-automated trading. Due to the presence of the order trailing feature, trailing stop and automatic closure by equity, profit, time. You can use it to automate your trading system. All you have to do is open a position and set the parameters for maintenance, everything else will be handled by the EA. If you want to limit your losses, set
This unique indicator detects reversal signals using price action and volume algorithm. It has also the ability to predict reversal power using the probability of past price movement and past volume analyzed.
To achieve more accurate trading, please use this tool in addition or support to the system you are using. This tool will perform better if combined with the right strategy.
To further boost the efficiency of this tool, you can combine this with FxGlow Zone Barr
Find double top and double bottom reversal chart patterns easily with this indicator.
Easy to use Customizable colors and sizes It implements breakout signals It implements alerts of all kinds
Indicator Settings - The amplitude represents the size of the patterns to be found. The max. history bars parameter is the amount of bars in the chart to look back.
Less bars to evaluate means the indicator will load faster. Patterns - Choose the colors of the patt
Another breakthrough. Using the legendary BBSO range trading module the no 1 ROBOT AND THE AMAZING SPEED OF METATRADER 5, this scalper generates a lot of quick trades in and out using the strongest point of BBSO the ENTRY.
Self-optimizes in seconds ANY Pair on any timeframe (always check with Olivier Nomblot for current settings and pairs).
No special CPU needs or fast internet connections or set files or strategies or complicated parameters. Adapts to your broker... just drag on your screen.
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 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.
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
Chart Overlay indicator displays the price action of several instruments on the same chart allowing you to evaluate how differently currency pairs fluctuate relative to each other.
Find overbought or oversold currency pairs easily Plot up to 6 currency pairs overlayed on the same chart Display inverted symbols -if you want to- Adapts to chart size, zoom and timeframe Symbols can be plotted as bars or line charts The size of the overlay chart is customizable Automatic price
The EA implements a reversal strategy which uses the analysis of prices databases of ENUM_APPLIED_PRICE type for generating signals. Statistical observations of the price databases of different timeframes allows to make an assumption about a possible vector of price movement. The probability of such an event is shown as scale and as a percentage. The functionality of the trade panel allows sending requests for the broker to execute trading operations. This EA uses market orders. You can addition
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
The main purpose of the indicator is to draw the wave marking on the basis of maximum and minimum levels that has been reached on greater, average and smaller period. It starts to draw the point of a possible wave end if the price passes the deviation distance specified in the settings; the point is considered to be formed if the last closed candlestick hasn't made a new exteremum comparing to the previous candlestick. The fact of displaying a digit of a period itself is not a signal. You need t
Addition to the standard Relative Strength Index (RSI) indicator, which allows to configure various notifications about the events related with the indicator. For those who don't know what this indicator is useful for, read here. This version is for MetaTrader 5, MetaTrader 4 version - here.
Currently implemented events:
Crossing from top to bottom - of the upper signal level (default - 70) - sell signal. Crossing from bottom to top - of the upper signal level (default - 70) - sell sign
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
FX Power is the first real time currency strength meter with a real time histogram.
Run FX Power to analyze and record the momentum and strength of all major currencies.
Use the FX Power histogram to determine efficient currency strength combinations and patterns.
Key Features of FX Power
Real time market strength of all major currencies Identical calculation results at all brokers and charts 100% reliable real time calculations -> no repainting Selectable t
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 OandaX product series is designed to display additional data on orders and positions provided by the Oanda FxLabs service.
The OandaX Download Manager EA is included in the OandaX product series and is designed to download data for all OandaX indicators running in the terminal.
To test your trading strategies and for historical data analysis, you can use free OandaX 5 Download Manager BETA. It is similar to Download Manager but provides data with a delay for a day.
Note. The EA uses WebRe
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
Displays divergence for any custom indicator. You just need to specify the name of an indicator name; on default it uses CCI.
In addition you can set smoothing for the selected indicator as well as levels. If one of these levels is crossed, you'll receive a notification. The custom indicator must be compiled (a file with extension EX5) and it must be located in MQL5/Indicators directory of the client terminal or in one of its subdirectories. It uses zero bar of the selected indicator with defau
The indicator represents an additional chart window with a lower time frame where bars are combined into groups that are equivalent in time to main chart time frame. Bars are synchronized by the right hand side of the window, i.e. the time of the last bar in the main window corresponds to the time of the last bar group in the additional window. The maximum number of groups is 16; the maximum number of bars combined into groups in the additional window is 256. Limitations on the numbers are requi
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
It's Manual Trading.
You just trashed it by saying:
Free advice - don't waste your time.
This is the worst thing you can say about a trading system.
And shortly after this you admit you did not try it all, which makes me think, what have you tried ...? And then why did you even say it ?
The problem is that people read it and may discard it based upon your words, it's very destructive.
But i have given an example already:
Heres some quick examples:
EURAUD * AUDUSD = EURUSD1.4065 * 0.9335 = 1.3130EURCAD / USDCAD = EURUSD1.4273 / 1.0870 = 1.3130EURCHF / USDCHF = EURUSD1.2070 / 0.9192 = 1.3130EURGBP * GBPUSD = EURUSD0.7903 * 1.6613 = 1.3130EURJPY / USDJPY = EURUSD137.01 / 104.34 = 1.3130
This is called:
Named after the ancient Greek mathematician Pythagoras (c. 570 – c. 495 BC)
Now i will expand on this because numbers do not trigger the same trading ideas as visual representations.
So here it is visually:
This image represents those numbers in a visual way and immediately you can spot things.
For example CHF is low, this means it has the highest odds (out of these 5) to move back up.
It is less likely that all the other 5 will move towards the one lower.
On the other hand, JPY is the highest so it has the highest odds (Potential) of moving back down shortly.
Then you look at all the spreads and make sure you only enter on the best deals.
Of course this is just a tiny element that is bundled into a much larger system,
So my question is,
Did you try this specific correlation strategy ?
Correlation strategy that starts with collecting Tick-volumes - No, I didn't try.
If you believe it can be profitable - great, wishing your best of luck.
You may find usefull to see all possible 3-way-combinations that I have checked (below).
NOTE: markets are perfect - any tiny disbalance gets caught by big sharks =))
1 AUDCAD CADJPY AUDJPY
2 AUDCAD EURCAD EURAUD
3 AUDCAD GBPCAD GBPAUD
4 AUDCAD USDCAD AUDUSD
5 AUDCHF CHFJPY AUDJPY
6 AUDCHF EURCHF EURAUD
7 AUDCHF GBPCHF GBPAUD
8 AUDCHF USDCHF AUDUSD
9 AUDJPY CADJPY AUDCAD
10 AUDJPY CHFJPY AUDCHF
11 AUDJPY EURJPY EURAUD
12 AUDJPY GBPJPY GBPAUD
13 AUDJPY NZDJPY AUDNZD
14 AUDJPY USDJPY AUDUSD
15 AUDNZD EURNZD EURAUD
16 AUDNZD GBPNZD GBPAUD
17 AUDNZD NZDUSD AUDUSD
18 AUDUSD EURUSD EURAUD
19 AUDUSD GBPUSD GBPAUD
20 AUDUSD USDCAD AUDCAD
21 AUDUSD USDCHF AUDCHF
22 AUDUSD USDJPY AUDJPY
23 CADJPY AUDJPY AUDCAD
24 CADJPY EURJPY EURCAD
25 CADJPY GBPJPY GBPCAD
26 CADJPY USDJPY USDCAD
27 CHFJPY AUDJPY AUDCHF
28 CHFJPY EURJPY EURCHF
29 CHFJPY GBPJPY GBPCHF
30 EURAUD AUDCAD EURCAD
31 EURAUD AUDCHF EURCHF
32 EURAUD AUDJPY EURJPY
33 EURAUD AUDNZD EURNZD
34 EURAUD AUDUSD EURUSD
35 EURAUD GBPAUD EURGBP
36 EURCAD AUDCAD EURAUD
37 EURCAD CADJPY EURJPY
38 EURCAD GBPCAD EURCAD
39 EURCAD USDCAD EURUSD
40 EURCHF AUDCHF EURAUD
41 EURCHF CHFJPY EURJPY
42 EURCHF GBPCHF EURGBP
43 EURCHF USDCHF EURUSD
44 EURGBP GBPAUD EURAUD
45 EURGBP GBPCAD EURCAD
46 EURGBP GBPCHF EURCHF
47 EURGBP GBPJPY EURJPY
48 EURGBP GBPNZD EURNZD
49 EURGBP GBPUSD EURUSD
50 EURJPY AUDJPY EURAUD
51 EURJPY CADJPY EURCAD
52 EURJPY CHFJPY EURCHF
53 EURJPY GBPJPY EURGBP
54 EURJPY NZDJPY EURNZD
55 EURJPY USDJPY EURUSD
56 EURNZD AUDNZD EURAUD
57 EURNZD GBPNZD EURGBP
58 EURNZD NZDJPY EURJPY
59 EURNZD NZDUSD EURUSD
60 EURUSD AUDUSD EURAUD
61 EURUSD GBPUSD GBPUSD
62 EURUSD NZDUSD EURNZD
63 EURUSD USDCAD EURCAD
64 EURUSD USDCHF EURCHF
65 EURUSD USDDKK EURDKK
66 EURUSD USDJPY EURJPY
67 EURUSD USDNOK EURNOK
68 EURUSD USDSEK EURSEK
69 GBPAUD AUDCAD GBPCAD
70 GBPAUD AUDCHF GBPCHF
71 GBPAUD AUDJPY GBPJPY
72 GBPAUD AUDNZD GBPNZD
73 GBPAUD AUDUSD GBPUSD
74 GBPAUD EURAUD EURGBP
75 GBPCAD AUDCAD GBPAUD
76 GBPCAD CADJPY GBPJPY
77 GBPCAD EURCAD EURGBP
78 GBPCAD USDCAD GBPUSD
79 GBPCHF AUDCHF GBPAUD
80 GBPCHF CHFJPY GBPCHF
81 GBPCHF EURCHF EURGBP
82 GBPCHF USDCHF GBPUSD
83 GBPJPY AUDJPY GBPAUD
84 GBPJPY CADJPY GBPCAD
85 GBPJPY CHFJPY GBPCHF
86 GBPJPY EURJPY EURGBP
87 GBPJPY NZDJPY GBPNZD
88 GBPJPY USDJPY GBPUSD
89 GBPNZD AUDNZD GBPAUD
90 GBPNZD EURNZD EURGBP
91 GBPNZD NZDJPY GBPJPY
92 GBPNZD NZDUSD GBPUSD
93 GBPUSD AUDUSD GBPAUD
94 GBPUSD EURUSD EURGBP
95 GBPUSD NZDUSD GBPNZD
96 GBPUSD USDCAD GBPCAD
97 GBPUSD USDCHF GBPCHF
98 GBPUSD USDJPY GBPJPY
99 NZDJPY AUDJPY AUDNZD
100 NZDJPY EURJPY EURNZD
101 NZDJPY GBPJPY GBPNZD
102 NZDJPY USDJPY NZDUSD
103 NZDUSD AUDUSD AUDNZD
104 NZDUSD EURUSD EURNZD
105 NZDUSD GBPUSD GBPNZD
106 NZDUSD USDJPY NZDJPY
107 USDCAD AUDCAD AUDUSD
108 USDCAD CADJPY USDJPY
109 USDCAD EURCAD EURUSD
110 USDCAD GBPCAD GBPUSD
111 USDCHF AUDCHF AUDUSD
112 USDCHF CHFJPY USDCHF
113 USDCHF EURCHF EURUSD
114 USDCHF GBPCHF GBPUSD
115 USDDKK EURDKK EURUSD
116 USDJPY AUDJPY AUDUSD
117 USDJPY CADJPY USDCAD
118 USDJPY CHFJPY USDCHF
119 USDJPY EURJPY EURUSD
120 USDJPY GBPJPY GBPUSD
121 USDJPY NZDJPY NZDUSD
122 USDNOK EURNOK EURUSD
123 USDSEK EURSEK EURUSD
That text example is related to a fixed EURUSD value it has little to do with the screenshot.
The screen is a real life scenario which displays the minor differences in between.
I am after the two pairs with the lowest spread these happened to be EURJPY and USDJPY last week.
It could be considered scalping but that depends on the position sizes.
You can run it shortly with large lotsizes, but it also works very well with 0.01 or 0.1 and longer running combo's.
The beauty of it is the safe haven it creates you can set it up in several ways.
For example you can set it up in a way, that it will be profitable in both directions, the only requirement that has to be made is a asymmetric move in either one direction.
Those occur on a regular basis, or you can set it up to be more profitable in one direction while still using the mirrored currency as a compass.
Tiny details are what make all the difference, when both become profitable you can trail both positions as far as possible.
When one becomes profitable but the other shows a slight loss but the combined position is positive you can also trail that if you know how.
Another setup i love to do is trading bidirectional at the same time in both directions but this requires you to learn those skills since you have to know what to look for.
And in case they both get over 5% risk you simply close the both of them and restart the process at the next time node.
This strategy only looks at tick volumes to discriminate between fast and slower moving markets.
This is combined with the trend strength to further discriminate between steady one way trends, and trends with a more limited amplitude.
Then the spreads are compared to calculate the final decision, a combination of the highest volumes, preferably in the same direction, with the lowest spread.
Then these results are sorted, and combinations are calculated to discover the higher odds cross combinations with the best set of conditions.
There is a difference between blindly opening a multi symbol hedge position, and calculating every aspect to pick the one that has the highest probability on a successful outcome.
In the beginning i saw great losses which made no sense at all, but i never gave up on the strategy and improved it over the years,
Up to the point where it produces acceptable performance, of a quality that i find difficult to reproduce with any other given strategy.