This is the thread about books related for stocks, forex, financial
market and economics. Please make a post about books with possible cover
image, short description and official link to buy (amazon for example).
Posts with links to unofficial resellers will be deleted
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
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 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.
Main Pivots is an indicator which looks for pivots points on preset intervals (days, weeks, months, years, etc.). Then all extreme points are checked for splice and consistent support and resistance lines are formed. These lines are useful for detecting the best pivot points.
It finds a pair of pivot lines for each interval which correspond to Low (support line) and High (resistance line) of the price movement on the interval. Difference between these lines represemt the price movement for the
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
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
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
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
Take a look at the market in a new way! This is the newest trading method worthy of your attention!
Tired of catching the market movements? TTT FXnew is an essential tool for trend followers. This is a unique breakout indicator that automatically plots new trend lines every day forming blue and red triangles using OCHL values of the previous day. A market entry is performed when the price exits the triangles through the dotted line. If the yellow line crosses the red one after opening of the da
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
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
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
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
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
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 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 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 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
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.
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
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
Using the width between the Bollinger Bands called BandWidth, this system finds times of low volatility also known as a squeeze. It is called a squeeze because as the bands compress, they tend to expand again into higher volatility and the price can trend along the upper or lower band. This system finds low volatility and enters a new position when the price moves to the upper or lower Bollinger Bands.
The SMA used to create the Bollinger Bands is used as a trailing exit. After the price follow
If you want something as below:
Sell FOREX trading signal. Manage multiple accounts. Follow somebody's trading."TradeCopier_source" and "TradeCopier_follow" can help you!
Copying from one source (master) account to multiple follower (slave) accounts. Allow investor (read only) password for the source (master) account. There are no complicated settings and input parameters, everything is easy. Works with different Brokers. Works with different symbols (EURUSD_FX, eurusd_m
Rampage EA is a fully automated scalping Expert Advisor based on price level breakthroughs.
The EA does NOT use hedging, martingale, grid strategies, arbitrage, etc.
Rampage EA automatically monitors the appearance of participants with distinct preference towards buying or selling on the market. Trades are conducted on sharp cluster and news based movements of the market. A profit is fixed by the dynamic stepwise algorithm allowing the EA to take a maximum profit. The robot analyzes the market
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
If you want something as below:
Sell FOREX trading signal. Manage multiple accounts. Follow the trading from somebody."TradeCopier_follow" and "TradeCopier_source" can help you!
Copying from one source (master) account to multiple follower (slave) accounts. Allow investor (read only) password for the source (master) account. There are no complicated settings and input parameters, everything is easy. Works with different Brokers. Works with different symbols (EURUSD_FX, e
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
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!
The indicator displays divergence for any custom indicator. You only need to specify the indicator name; DeMarker is used by default.
Additionally, you can opt for smoothing of values of the selected indicator and set levels whose crossing will trigger an alert. The custom indicator must be compiled (a file with ex5 extension) and located under MQL5/Indicators of the client terminal or in one of the subdirectories. It uses the zero buffer of the specified indicator with default parameters.
The Little Book Of Trading : Michael W. Covel
The last decade has left people terrified of even the safest investment
opportunities. This fear is not helping would-be investors who could be
making money if they had a solid plan. The Little Book of Trading
teaches the average person rules and philosophies that winners use to
beat the market, regardless of the financial climate.
The market has always fluctuated, but savvy traders know how to make
money in good times and bad. Drawing on author Michael Covel's own
trading experience, as well as insights from legendary traders, the book
offers sound, practical advice in an easy to understand, readily
digestible way. The Little Book of Trading:
Identifies tools, concepts, psychologies, and philosophies that keep
people protected and making money when the next market bubble or
surprise crisis occurs
Features top traders in each chapter that have beaten the market for
decades, providing readers with their moneymaking knowledge
Shows how traders who beat mutual fund performance make money at different times, not just from stocks alone
Most importantly, The Little Book of Trading explains why mutual funds
should not be the investment vehicle of choice for people looking to
secure retirement, a radical realization highlighting the changed face
of investing today.
Forum on trading, automated trading systems and testing trading strategies
Something Interesting to Read June 2014
Muhammad Syamil Bin Abdullah, 2014.06.04 15:01
High-Frequency Trading: A Practical Guide to Algorithmic Strategies and Trading Systems By Irene Aldridge
Financial markets are undergoing rapid innovation due to the
continuing proliferation of computer power and algorithms. These
developments have created a new investment discipline called
high-frequency trading. Despite the demand for information on this
topic, little has been published to help investors understand and
implement high-frequency trading systems—until now.
industry expert Irene Aldridge, High-Frequency Trading offers the first
applied "how to do it" manual to building high-frequency
systems.Covering sufficient depths of material to thoroughly pinpoint
issues at hand, High-Frequency Trading leaves mathematical complexities
to their original publications, referenced throughout the book.
Page by page, this accessible guide:
Discusses the history and business environment of high-frequency trading systems
Reviews the statistical and econometric foundations of the common types of high-frequency strategies
Examines the details of modeling high-frequency trading strategies
Describes the steps required to build a quality high-frequency trading system
Addresses the issues of running, monitoring, and benchmarking high-frequency trading systems
the way, this reliable resource skillfully high-lights numerous
quantitative trading strategies—from market microstructure and event
arbitrage to deviations arbitrage—and puts the creation and management
of portfolios based on high-frequency strategies in perspective.
trading is a difficult, but profitable, endeavor that can generate
stable profits in various market conditions. But solid footing in both
the theory and practice of this discipline are essential to success.
Whether you're an institutional investor seeking a better understanding
of high-frequency operations or an individual investor looking for a new
way to trade, this book has what you need to make the most of your time
in today's dynamic markets.
Trade Mindfully: Achieve Your Optimum Trading Performance with Mindfulness and Cutting Edge Psychology
Trade Mindfully was written by Gary Dayton in 2014. Gary is a doctor of psychology, a trading psychology mentor, and a trader specializing in Wyckoff method and VSA in S&P futures and equities.
If you are struggling with some common psychological problems
associated with trading — like the fear of loss or predisposition
to oversize your trades — this book will offer definite steps
to overcome them and become a better trader. Although, the author uses
mostly futures and stock markets in examples throughout the book,
the problems he is talking about and the solutions he offers are
pertinent to all kinds of markets, including the spot foreign exchange
The whole book is based on the concept of mindfulness.
It is a way of focusing one’s mind and attention on the present state
of some activity — be it trading, educational process, reading a book,
assessing one’s internal state, and so on. Mindfulness is closely
related to the subject of emotional intelligence (emotion detection and management). You might be familiar with this term if you have practiced meditation or perhaps used mindfulness-based training in sports. The book applies mindfulness to the process of trading to enhance it with a set of the High-Value Actions and High-Value Mental Skills (called so by Gary Dayton).
Mindfulness serves as the basis for dealing with emotions, making high
quality preparations for the trades, focusing on the correct trade
execution actions, and doing a fair
Mindfulness is a skill, which requires not only learning but also
regular practicing. In his book, Dr. Dayton offers several exercises
to train this skill. Most importantly, he shows how it is applied
in trading to improve the whole process and with it the results.
The main idea of Trade Mindfully is that we cannot and should
not fight our emotions or intrusive thoughts when trading. Doing so is
futile and leads to stress and performance deterioration. With
mindfulness we, as traders, can accept our emotions and disturbing
thoughts, see them for what they really are — just feelings
and thoughts — and deal with the trading situation based on our
expertise, with all due attention and focus.
Trade Mindfully is divided into three parts. The first part introduces some important concepts, for example, intuitive mind and deliberative mind.
It also describes various cognitive biases, emotions, and psychological
obstacles traders deal with. It also talks about why we actually need our emotions to trade successfully.
The second part is dedicated to psychological methods that traders
can employ to deal with their emotions, anxiety, and distracting ideas.
This is where mindfulness practice is introduced along with some
exercises a trader can do to enhance his or her emotional capacities.
This part also teaches how to defuse from the unnecessary thoughts
and emotions and how to accept them without engaging in unproductive
The third part presents the Before-During-After methodology for traders. It is based on three phases: High-Quality Preparation, Effective Execution, and Constructive Self-Assessment. Each of those three phases is based on its own set of High-Value Mental Skills and High-Value Actions. For example, the list of high-value mental skills for the preparation phase includes: perspective, personal awareness, self-motivation,
and mental discipline. The list of actions for the same phase consists
of: writing a trading plan, clarifying your role, demo trading,
research, studying market behavior, identifying development needs,
creating development goals, planning for the trading day/week ahead,
and so on.
Trade Mindfully is not just a book for reading and learning
how to deal with your emotions in trading, this book is also a practical
guide to train the necessary skills and to achieve your goals, step
by step. Throughout the book, you will be encountering special exercises
that have to be completed during various phases of your trading
process. Some exercises can be completed in minutes, some will take you
months as they involve long-term assessment of performance and method.
Additionally, you will find some practical exercises to train your
mindfulness, emotion defusion, and acceptance skills. These exercises
are to be done on a regular basis and take about 10–30 minutes per day.
The author’s idea is that once you read the book, you do not stop
at that point thinking that you have become a disciplined, emotionally
stable trader — you continue practicing during your whole career
as a trader. And this book serves well as a self-improvement manual for traders.
Something Interesting to Read December 2014
Sergey Golubev, 2014.12.02 07:24
Trade Your Way to Financial Freedomby
The bestselling holy grail of trading information-now brought completely up to date to give traders an edge in the marketplace
“Sound trading advice and lots of ideas you can use to develop your own trading methodology.”-Jack Schwager, author of Market Wizards and The New Market Wizards
trading masterpiece has been fully updated to address all the concerns
of today's market environment. With substantial new material, this
second edition features Tharp's new 17-step trading model. Trade Your Way to Financial Freedom
also addresses reward to risk multiples, as well as insightful new
interviews with top traders, and features updated examples and charts.
GDP is one economic model among several that could serve the
purpose, but its use conveniently leads to policies that reflect the
thinking of a particular school of economic monetary and fiscal policy
We all know that in operating a business we need to be able to
measure the profits of our company and then adjust our prices and
production to make sure that there are enough profits to adequately fund
the company. That is a relatively straightforward process, since the
amount of money in the bank at the end of the month is a real number.
GDP: A Brief But Affectionate History is a fascinating 140-page
book that I cannot recommend highly enough. This is simply the best
book on GDP that I’ve ever seen. You can read it on a few hours’ plane
ride or a lazy Sunday afternoon. And Ms. Coyle actually makes a
relatively dry subject interesting and at times a page-turner. She has a
Ms. Coyle starts with the predecessors to Adam Smith and takes us
through the 17th century right up until today with the development of
GDP, so we see the ebb and flow of ideas through time. Who knew the
early developers of the model did not want to include defense spending,
as they saw it as a wasteful, nonproductive activity? Or that Adam Smith
thought the inclusion of services in the concept was misleading. “The
provision of more services was a cost to the national economy, in his
view. A servant was a cost to his employer, and did not create
anything. Importantly, money spent on warfare or the interest on
government debt was also being used unproductively. The nation’s wealth
was its stock of physical assets less the national debt. National income
was what derived from the national wealth.”