phi.nuts, you mentioned in another thread that you have not used Gann Grids. I decided just to show you (and anyone else who wishes to look) a bit about Gann Grids. It is far more than it seems at first, kind of like Alice in Wonderland, the more you explore, the deeper into the hole you go.
A bit of 'weird' thoughts about currency pairs. They are actually living energies. They have moods and habits. They are not (even though many believe so) made and controlled by human beings trading them. The Bank of England discovered this when Soros had them over the barrel. They thought they could turn the market by massive amounts of money trading to try make it go where they wanted it to go. Soros saw where the market actually wanted to go. He made LOTS of money, BOE he could have (but did not) put out of business.
A currency pair is very similar to a woman. All is fine and happy, then suddenly through nothing you can think of that you did, you are sleeping on the couch. Such is life.
One of the things that most of us do not see about the charts of currency pairs, is the 'bigger picture'. We are usually zoomed in up close, looking at the ups and downs on a small scale of things. Yes, we see the trends and the channels. The resistance and support, but we only see a tiny part of it all. The other thing is that the way the charts are scaled, we see big up and down movement, but if you zoom out, that 'BIG' up or down was a tiny little climb or slide in the much bigger channel that the pair is following.
It is replicated throughout. It doesn't matter if you are looking at a tick chart, or a Daily chart, or even a 100 year chart, (we don't really have enough data for that one), but I promise you, if we had a 10 000 year per bar chart, the patterns remain the same.
Like a wheel within a wheel within a wheel.
So, if we know that these patterns repeat themselves in all the different time frames, then the best way to trade is to try and discover or recognise enough of these patterns so that we can do profitable trade using those patterns to our advantage.
Currency pairs are not mathematicians. They are not coders or scientists, they are not complicated. WE make them seem complicated. Just like a woman. Just because a man does not (can not) understand a woman's reasoning or logic, does not mean it is not there. She understands it 100% and thinks that the men are idiots for not seeing what to her (and all other women) is obvious and simple. Us men, on the other hand have no idea what makes her tick and which way she will be moving next. Her moods are like a cloud of fog that we can never understand. If we ask her, she tells us nothing and that is the SURE way of sleeping on the couch. Because we asked! Currency pairs are the same. We can not ask, we have to somehow learn to understand what to them is obvious.
There is a lot going on in this chart. It might seem to make things 'invisible' but it is fully zoomed out for a better look at the 'big' picture. The Indicator in the bottom is The MacD Magic Monster. For the full details on why it is called that is another discussion all on it's own, just take my word on it, there are valid reasons for it. It is actually 6 EMA's but they are very well chosen EMA's and are based on Fib Numbers. All EMA's act as support and resistance to the price movement, but these 6 are EXACTLY on the spot ALL the time. The EMA's themselves are resistance and support for the other EMA's.
You can see where the first 5 dots are where the faster EMA's (The children or cousins in the family) bounce off the slower ones (GrandPa-Indigo, GrandMa-Maroon and Mothe-FireBrick). The Daughter-DarkOrange, hangs around with Cousin-Brown and Second Cousin-Yellow. In this picture, it is one of the few times the old pair (Grandma and GrandPa) kiss. Most of the time they move on their own paths.
For now, totally ignore the Squiggly Lines that are almost, but not actually EMA's (Only the Purple one is an EMA).
Rather look at the Gann Grids. Notice there are TWO Grids. If you go into it really deep, you could place lots more grids and they ALL would be part of the pattern. But then it would be too confusing to see anything at all. Two is enough. Once you fully understand the way the grids work, you do not even need the grids on a chart. You can see it without them. But it is best to have them there anyway. (I will explain why later).
Some people like to say that one angle or line in a Gann Gridd is the positive, while the other is negative. This is not true. Both lines are both positive and negative. In other words they are both support for the uptrend AND the downtrend at the SAME time.
But how can that be? Well the thing is this, think of them more like being magnets. They have a tendency to pull or push her (the currency pair) but she goes where she wants to, not where they (the grids) say. Depending on her mood, it might be more comfortable for her to carry on going up the red channel. As she does so, you will notice that the sexy way she sways her behind is along the path of the Blue Gann Grid. The grids to her are like children, they can change her direction at least to a certain degree, but if she puts her foot down and decides she is going straight, nothing is going to stop her.
She hasn't had any arguments with GrandMa and GrandPa recently, so she turns around to go visit them. It is not often that she will stay away from them. They are family. But like any woman, she can be stubborn and stay away for ages just to prove a point. Then they (Grandma and GrandPa) eventually change direction and they go visit her.
Now take a look at the sixth dor in the Monster Indicator. What was THAT resistance that caused a reversal? I mean there are no family EMA's there, why would she turn and run up instead of down? It makes no sense does it? Women, one can never understand them.
You remember I said that I would explain why it is good to keep the Grids on the chart... Well if you look at the first vertical red line, just to the right of the fifth dot (counting from left). That vertical line is the centre of the Red Gridd 'diamond'. It is a crossover point in the Red Grid Lines. These are places where, if big change is going to happen, it is usually at these intersections.
Ahhh, you say, but that is just too convenient, you just PUT the grid with the intersection there. Well what you are thinking is part true. That IS how you find the right place, angle and spacing for the Gridds. You go back a bit in the chart and change the angle/spacing until you find that it fits at 90% of the medium to big zigs and zags. It takes a while to get used to it, but the more you do it the easier it becomes. The same with the Blue Gridd. There are usually two 'major' angles happening on any chart. One is the slow and steady (Red here) and the other is the 'sudden' Up/Down (Blue here). So those same 'intersection' sudden changes will also already have happened and been lined up with the gridd further back in this chart.
Now notice the SECOND vertical Red line. That is EXACTLY where she turned and went up instead of down. The 6th dot that makes no sense. Well..... now it does. A Gridd intersection is MORE likely to be a turning point if the price hits EXACTLY on that crossover, instead of a near hit. This is not to say it will ALWAYS reverse that way, just that it is more likely. She does like to keep us guessing, if she was TOO predictable she would be boring.
Now this picture is now (2012 18 Dec). Here you get a closer look at my Magic Moving Channels Indicator. I say moving because they curve and flow. Notice that while the Magic Monster at the bottom (As with all EMA's) offer only one sided resistance and support, the MMC offers both above and below resistance and support, and the angle of the channel seems to change like magic. You can see the start bars on the right hand side already have the support/resistance lines above and below them. In other words this is not a delayed indicator that shows you the resistance 5 or 10 bars after the fact. It is live. Almost every single bar on the chart bounces off these lines, with high, low open and close. If I wanted to, I could actually use 100's of lines, and because of the way they are calculated (like Fib numbers) they could show that EVERY high, low, open and close happens at an EXACT position in time, regardless of the time frame, if it is a currency, a stock or the way a flock of geese fly. Even us! the supposed free wiled human beings follow these patterns.
So, in the end, though it is not possible to know EXACTLY when she will change channels, you will notice that she 'skips' in more or less similar patterns each time. She runs a channel of two or three 'zones' then moves up or down another 3. Sometimes (If she takes the Blue Grid - like what happens during news) she burst straight through ALL the zones.
One thing though that you can see on these two pics but will believe it more if you look at an entire chart from 1991 till today, the second yellow line is like a form of limit. When the price action crosses up from below the purple (thick Magic Channel Line), what happens is that 'under' the price was above the yellows, so it was 'inside' the curve, so after the crossover it is 'above' or outside the yellow lines. That is a GREAT place to go long. You close trade only when price drops below the inner blue line. (You wandered why it was blue didn't you?). The point of the yellow 'limits' is that once the price is 'inside' or under the yellow lines while above purple (The base EMA) then it is very rare that the price ever goes above the second yellow, and IF it does, it does not go far and will almost imediately drop down at least 2 lines above base EMA.
One last thing about these supports and resistances, meaning the Magic Channels, The Magic Monster EMA's AND the Gann Grids, is that each and every 'shock' in the market, from news to an oil strike causing good economy, IS IN THE PATTERN.
You can not tell which way it will jump, but once it has, with these indicators, you can see EXACTLY when to enter the reverse of the news, or it will show you that no reverse is happening.
I hope this gives you some ideas about Gann Grids.
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:
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 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 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 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.
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 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
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 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
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
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
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
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
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
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
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.
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
Averager is intended for averaging your deals that has had a drawdown or had gone against the trend.
An example of operation of the averager in an Exeprt Advisor in the MetaTrader 5 terminal: Exp - TickSniper. The system is identical to the averaging system created for MetaTrader 4. A demo version of the averager for MetaTrader 5: Averager DEMO.Note: this is not an automated trading system (the EA doesn't work in the strategy tester). It monitors your deals and averages them in case o
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
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
VirtualTradePad - is a contol panel for working with orders in МetaТrader 5 : buy, sell, buystop, buylimit, sellstop, selllimit, close, delete, modify, tralling stop.
VirtualTradePad won 2nd prize in the "Best Control Panel in the MQL5 Language" Contest.
The panel consists of 5 tabs.
VirtualTradePad PositionsStyle VirtualTradePad Ordersstyle VirtualTradePad SignalsStyleDemo version of the panel - VirtualTradePad LiteProfit or Loss PadINFO PadYou can also try this panel for
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 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.
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
The Trade Manager Pro EA is a MetaTrader Expert Advisor that performs position management for you avoiding human errors and enhancing your trading activity.
Amazingly easy to use Trade easily from the chart Trade with precise risk management, hassle free Capital preservation is top priority Let profits run without your attention Enjoy risk-free trades as soon as possible Automatic trailing stops for all opened trades Initial stop losses are placed as soon as trades are
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
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
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
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
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
And you write new topic on the wrong section !!!
Please delete this topic and move it either to Trading Systems or Technical Indicators - but not both.
Just move your cursor to bottom right of the comment and you will find the "delete" link
The English Dictionary says this about the word General:-
1.Applying to all or most members of a category or group.
2.Not specialized or limited to one class of things
My misunderstanding. Now there is a problem about deleting it and moving it to another place,
I get those two options, complain or reply.
It seems that the edit or delete option only lasts for a short time after writing the post.
Here is the end solution, you are the moderator, just delete it.