Market Condition Evaluation based on standard indicators in Metatrader 5 - page 237

[Muhammad Syamil Bin Abdullah]

EUR/USD Price Analysis: Decline could pick up pace below 1.0770

• EUR/USD adds to the ongoing bearish move and drops below 1.0700.
• Extra decline appears in the pipeline below the 1.0770 region.

EUR/USD remains well on the defensive and drops to new lows in the sub-1.0700 zone on Tuesday.

The pair has recently broken below the tenkan sen line at around  1.07571, and this now allows for the downtrend to gather extra impulse in the near term. Against that, the next interim support comes at the kumo cloud senkou span A at 1.05782, while the breach of this region could open the door to a deeper retracement to the 2023 low at 1.0481 (January 6).

EUR/USD daily chart

Chart constructed with standard Ichimoku Kino Hyo indicator and a custom Signal bar indicator.

[Sergey Golubev]

I just copied some latest summary from/of this thread :

=============

Market Condition Evaluation

story/thread was started from here/different thread

================================

The beginning:

1. Market condition indicators/tools thread  
2. MaksiGen Trading system (light Paramon): many variations of the system - the thread
3. How to use Support and Resistance Effectively - educational thread
4. Market condition and EAs thread 
5. Trend indicators thread  
6. Forex Market Conditions, a graphic depiction - the thread 
7. Evaluation of the market condition using six SMA indicators thread 
8. Multi-indics indicators thread 
9. Candle time tools thread

================================

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 new version is here

• AbsoluteStrength indicator old version is on this post
  
  
• AbsoluteStrengthMarket indicator is here to download.
  
  
• good feature in Metatrader 5: moving  stop loss/take profit by mouse on the chart (video about howto) 
  
  
• predictions are very different thing from technical/fundamental analytsis the post with explanation 
  
  
• Technical vs. Fundamental; Short-Term vs. Medium-Term vs. Long-Term; Discretionary vs. Automated - the post
  
  
• Market condition setup (indicators and template) is here
   

================================ 

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.
   

================================  

PriceChannel ColorPar Ichi system.

 

================================ 

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.
  
  
• Paramon trading system iis on this post; How to trade the system- manual trading with live examples - read this page.
  
  

================================ 

 Merrill's patterns are on this page.

 

================================

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

  

================================

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.
   

================================  

MTF systems 

• Maksigen MTF system

more to follow ...

================================

MA Channel Stochastic system is here.

Improved version of this system: post #2342

================================

Ichimoku

The beginning

1. Simple Ichimoku System
2. Simple Ichimoku System - rules for the systems
3. Simple Ichimoku Scalping 

After

• The theory of the signals
• Ichimoku alert indicator with arrows
• Ichimoku alert indicator improved : warning alert mode was fixed and autosettings feature was added

[Sergey Golubev]

Implementing the Janus factor in MQL5

According  to Janus theory, markets are driven by the interplay between prices and how traders react to them. When markets are trending, market participants show confidence by letting their profits ride. In an uptrend higher prices confirm participants' expectations of the trend, which in turn induces more buy-in. This has the effect of pushing prices even higher.

[Sergey Golubev]

How to detect trends and chart patterns using MQL5

After reading this article, you will be able to detect highs and lows, identify trend types, double tops, and bottoms accordingly.

[[Deleted]]

Sergey Golubev #:

members asked by PM about EAs which were coded for this big thread:

Hello I want contact with forcast

[Sergey Golubev]

MbaliMatlakane #:
Hello I want contact with forcast

This is the summary for this thread -

Forum on trading, automated trading systems and testing trading strategies

Market Condition Evaluation based on standard indicators in Metatrader 5

Sergey Golubev, 2013.09.01 21:06

...

=============

Market Condition Evaluation

story/thread was started from here/different thread

================================

The beginning:

1. Market condition indicators/tools thread  
2. MaksiGen Trading system (light Paramon): many variations of the system - the thread
3. How to use Support and Resistance Effectively - educational thread
4. Market condition and EAs thread 
5. Trend indicators thread  
6. Forex Market Conditions, a graphic depiction - the thread 
7. Evaluation of the market condition using six SMA indicators thread 
8. Multi-indics indicators thread 
9. Candle time tools thread

================================

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 new version is here

• AbsoluteStrength indicator old version is on this post
  
  
• AbsoluteStrengthMarket indicator is here to download.
  
  
• good feature in Metatrader 5: moving  stop loss/take profit by mouse on the chart (video about howto) 
  
  
• predictions are very different thing from technical/fundamental analytsis the post with explanation 
  
  
• Technical vs. Fundamental; Short-Term vs. Medium-Term vs. Long-Term; Discretionary vs. Automated - the post
  
  
• Market condition setup (indicators and template) is here
   

================================ 

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.
   

================================  

PriceChannel ColorPar Ichi system.

 

================================ 

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.
  
  
• Paramon trading system iis on this post; How to trade the system- manual trading with live examples - read this page.
  
  

================================ 

 Merrill's patterns are on this page.

 

================================

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

  

================================

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.
   

================================  

MTF systems 

• Maksigen MTF system

more to follow ...

================================

MA Channel Stochastic system is here.

Improved version of this system: post #2342

================================

Ichimoku

The beginning

1. Simple Ichimoku System
2. Simple Ichimoku System - rules for the systems
3. Simple Ichimoku Scalping 

After

• The theory of the signals
• Ichimoku alert indicator with arrows
• Ichimoku alert indicator improved : warning alert mode was fixed and autosettings feature was added

[Sergey Golubev]

Forum on trading, automated trading systems and testing trading strategies

Forex Market Conditions, a graphic depiction

moneyline, 2008.11.09 07:18

Hi, since there's been questions about the varied Forex market conditions, here's a chart

that compares them.

moneyline

[Sergey Golubev]

Building A Candlestick Trend Constraint Model (Part 1): For EAs And Technical Indicators

This article aims to effectively classify the current candle as bullish or bearish using MQL5 code, establishing a condition to sell only when it is bearish and buy when it is bullish.

At the end of this article, you must be able to:

1. Understand the price action with the entire D1 candlestick at microscopic timeframes available.
2. Create MA crossover indicator Buffer that include the Higher Timeframe Trend Constraint condition.
3. Understand the concept of  screen out best signals from a given strategy.

[Sergey Golubev]

Building A Candlestick Trend Constraint Model (Part 2): Merging Native Indicators 

By utilizing Moving Averages and Relative Strength Index in conjunction with other technical analysis tools, traders can develop a more comprehensive trading strategy. Continuously monitoring market conditions and adjusting their strategies accordingly, traders can stay ahead of the curve and capitalize on profitable opportunities. It is essential to stay disciplined and patient, as trading can be unpredictable and volatile. By incorporating Moving Averages and Relative Strength Index into their analysis, traders can enhance their decision-making process and increase their chances of success in the market. Remember, trading is a skill that takes time and practice to master, so it is important to stay committed to learning and improving your trading abilities.

[Sergey Golubev]

Building A Candlestick Trend Constraint Model (Part 3): Detecting changes in trends while using this system

Generally, markets do not stay static. Whether trending up or down, unexpected shifts can occur when the market alters its trajectory. It is vital for a system to identify and adjust to these changes. Even a prolonged bearish D1 candle can signal a shift in dynamics when a reversal occurs at a lower time frame. This article delves into various methods employed to recognize changes in price action trends. As traders navigate through the complexities of financial markets, the ability to adapt swiftly to evolving conditions becomes paramount. Recognizing the nuances of price movements, understanding the significance of key indicators, and interpreting market sentiment are all crucial components in staying ahead of the curve. By honing the skill of identifying shifts in trends, traders can position themselves strategically to capitalize on opportunities that arise amidst the ever-changing landscape of the financial world.