Market Condition Evaluation based on standard indicators in Metatrader 5 - page 34

[Sergey Golubev]

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Market Condition Evaluation based on standard indicators in Metatrader 5

newdigital, 2013.03.20 10:40

Market Condition Evaluation

story/thread was started from here/different thread

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Market condition

• the theory with examples (primary trend, secondary trend) - read staring from this post till this one

• Summary about market condition theory is on this post 

• Practical examples about every market condition case by indicators: starting from this page till this one
   
• trendstrength_v2 indicator is here,
   
• AbsoluteStrength indicator is here
   
• AbsoluteStrengthMarket indicator is here to download.
  
  
• good feature in Metatrader 5: moving  stop loss/take profit by mouse on the chart (video about howto)
   

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3 Stoch MaFibo trading system for M5 and M1 timeframe 

• trading examples 
  
  
• template to download
   
• explanation how to trade and more explanation here
  
  
• how to install
  
  
• 2stochm_v4 EA is on this post.
   

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PriceChannel ColorPar Ichi system.

 

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MaksiGen trading system 

• indicator to download
   
• some explanation about the system in general how to use
  
  
• Trading examples with MT5 statement, more trading is here.
  
  

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 Merrill's patterns are on this page.

 

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Divergence - how to use, explanation and where to read about.

  

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Scalp_net trading system

• template/indicators and how to use are on this comment.
  
  
• scalp_net_v132_tf EA is on this post with optimization results/settings for EURUSD M5 timeframe
   
• possible settings #1 for this EA for EURUSD M5 timeframe with backtesting results is on this post.
   

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MTF systems 

• Maksigen MTF system

more to follow ... 

[Sergey Golubev]

Today is CHF Bank Holiday, EUR Bark Holiday for French/German/Italy and GBP Bank Holiday. High impacted news event for today is ISM Manufacturing PMI

[Sergey Golubev]

This is intreresting situation for EURUSD and USDCHF for now and for the next few hours:

- possible breakout for EURUSD M30 and H1 timeframes

MetaTrader Trading Platform Screenshots

EURUSD, M30, 2013.04.01

MetaQuotes Software Corp., MetaTrader 5, Demo

eurusd m30 possible breakout

MetaTrader Trading Platform Screenshots

EURUSD, H1, 2013.04.01

MetaQuotes Software Corp., MetaTrader 5, Demo

EURUSD H1 possible breakout

and possible breakdown for USDCHF M30/H1

MetaTrader Trading Platform Screenshots

USDCHF, M30, 2013.04.01

MetaQuotes Software Corp., MetaTrader 5, Demo

usdchf m30 possible breakdown

MetaTrader Trading Platform Screenshots

USDCHF, H1, 2013.04.01

MetaQuotes Software Corp., MetaTrader 5, Demo

USDCHF possible breakdown

[Sergey Golubev]

As to USDJPY so it was already breakdown in the morning and it may be to late to enter sorry

MetaTrader Trading Platform Screenshots

USDJPY, M30, 2013.04.01

MetaQuotes Software Corp., MetaTrader 5, Demo

usdjpy breakout

[Sergey Golubev]

newdigital:

This is intreresting situation for EURUSD and USDCHF for now and for the next few hours:

- possible breakout for EURUSD M30 and H1 timeframes

and possible breakdown for USDCHF M30/H1

But please note - primary trend for EURUSD M30 and H1 is bearish, and for USDCHF M30/H1 is bullish. I am suggesting to watch H1 timeframe for possible reversal (EURUSD - to bullish and USDCHF to bearish).

[Sergey Golubev]

newdigital:

This is intreresting situation for EURUSD and USDCHF for now and for the next few hours:

- possible breakout for EURUSD M30 and H1 timeframes

and possible breakdown for USDCHF M30/H1

This is the results - EURUSD breakout and USDCHF breakdown, and 50 pips in profit

MetaTrader Trading Platform Screenshots

EURUSD, H1, 2013.04.01

MetaQuotes Software Corp., MetaTrader 5, Demo

eurusd h1 breakout done

MetaTrader Trading Platform Screenshots

USDCHF, H1, 2013.04.01

MetaQuotes Software Corp., MetaTrader 5, Demo

usdchf breakdown done

This is the other proof that market condition estimated in the morning = money for you in the evening. I mean: +50 pips in profit for today (see on the image)

That's all news for today. 

[Sergey Golubev]

70 pips in profit and I am closing the trades:

 

[Sergey Golubev]

Breakdown is going on for GBPUSD M30 for now

MetaTrader Trading Platform Screenshots

GBPUSD, M30, 2013.04.02

MetaQuotes Software Corp., MetaTrader 5, Demo

gbpusd m30 breakdown

[Sergey Golubev]

and 'not yet' for h1 timeframe:

MetaTrader Trading Platform Screenshots

GBPUSD, H1, 2013.04.02

MetaQuotes Software Corp., MetaTrader 5, Demo

gbpusd h1 not yet

By the way, price is on primary bullish for M30/H1 and this breakout is just secondary cotrrection. But ... if the price Chinkou Span line will break the price on historical data so we may have good movement today. 

[Sergey Golubev]

This is very similar situation for EURUSD H1 and USDCHF H1:

• EURUSD is on primary bullish with secondary correction
• USDCHF is on primary bearish with secondary rally 

MetaTrader Trading Platform Screenshots

EURUSD, H1, 2013.04.02

MetaQuotes Software Corp., MetaTrader 5, Demo

eurusd m30

MetaTrader Trading Platform Screenshots

USDCHF, H1, 2013.04.02

MetaQuotes Software Corp., MetaTrader 5, Demo

usdchf h1

This is good for the people are are trading 'counter trend' or martingale for example. If we are using 'trend following trading style' so we need to wait for few hours just to be sure about breakout/breakdown.