Market Condition Evaluation based on standard indicators in Metatrader 5 - page 67

[Sergey Golubev]

Just about technical analysis thread for the next week ... most interesting pairs for the next week will be the following :

• EURUSD
• USDCHF
• GBPUSD

So,  I have no idea which one to select for the thread ...

MetaTrader Trading Platform Screenshots

GBPUSD, H4, 2013.10.11

MetaQuotes Software Corp., MetaTrader 5, Demo

GBPUSD H4

MetaTrader Trading Platform Screenshots

GBPUSD, H1, 2013.10.11

MetaQuotes Software Corp., MetaTrader 5, Demo

GBPUSD H1 breakout

MetaTrader Trading Platform Screenshots

EURUSD, H1, 2013.10.11

MetaQuotes Software Corp., MetaTrader 5, Demo

EURUSD H1

MetaTrader Trading Platform Screenshots

USDCHF, H1, 2013.10.11

MetaQuotes Software Corp., MetaTrader 5, Demo

USDCHF H1

[Sergey Golubev]

I think - most interesting pair for next week is GBPUSD : H1 is bearish, H4 is bearish, and D1 is on the way to be bearish.

[Sergey Golubev]

Today ...

• Japan : Bank Holiday
• The US : Bank Holiday
• Canada : Bank Holiday

So, this is 'non-fundamental news day' today :)

[Sergey Golubev]

It is breakout going on for USDCHF right now (and breakdown for EURUSD) :

MetaTrader Trading Platform Screenshots

USDCHF, H1, 2013.10.15

MetaQuotes Software Corp., MetaTrader 5, Demo

USDCHF H1 breakout

MetaTrader Trading Platform Screenshots

EURUSD, H1, 2013.10.15

MetaQuotes Software Corp., MetaTrader 5, Demo

EURUSD H1 breakdown

[Sergey Golubev]

We can see here -

• 47 pips for USDCHF; and
• 40 pips price movement for EURUSD breakdown

MetaTrader Trading Platform Screenshots

USDCHF, M5, 2013.10.15

MetaQuotes Software Corp., MetaTrader 5, Demo

47 pips breakout

MetaTrader Trading Platform Screenshots

EURUSD, M5, 2013.10.15

MetaQuotes Software Corp., MetaTrader 5, Demo

EURUSD 40 pips breakdown

[Sergey Golubev]

Market is nervous ... we can see it on US NAHB Housing Market Index which was at 14:00 GMT (or at 16:00 MQ MT5 time) - just see about how the price was moved started from expactation to the reality ... and it is not high impacted news events by definition sorry :

[Sergey Golubev]

Trading based on 2 articles uploaded here

1. AUDUSD (the article is here) :

MetaTrader Trading Platform Screenshots

AUDUSD, M5, 2013.10.17

MetaQuotes Software Corp., MetaTrader 5, Demo

AUDUSD M5 Paramon system

2. GBPUSD (the article is here) - it may be too early for GBP Retail Sales news event but anyway ...

MetaTrader Trading Platform Screenshots

GBPUSD, M5, 2013.10.17

MetaQuotes Software Corp., MetaTrader 5, Demo

GBPUSD M5 Paramon system

===========

[Sergey Golubev]

Updated situation for AUDUSD and GBPUSD : +83 pips by equity now

MetaTrader Trading Platform Screenshots

GBPUSD, M5, 2013.10.17

MetaQuotes Software Corp., MetaTrader 5, Demo

AUDUSD and GBPUSD with Paramon Trading System

[Sergey Golubev]

This is updated results for AUDUSD M5 with this Paramon Trading system :

MetaTrader Trading Platform Screenshots

AUDUSD, M5, 2013.10.17

MetaQuotes Software Corp., MetaTrader 5, Demo

AUDUSD trading with Paramon trading system

[Sergey Golubev]

Some people asked : what is Paramon Trading system ? indicators? template? well ...

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

Please find 2 indicators and 1 template in zip attachment (see the attachment on this post).

How to install

• Place those 2 indicators (MaksiGen_Range_Move_mtf_3 and i-ParamonWorkTime) to indicator folder of MT5 (for example - to C:\Program Files\MetaTrader 5\MQL5\Indicators)
• Compile indicators in MetaEditor, or restart MT5
• Place template file (maksigen_m1_white_paramon.tpl) to template folder (for example - to C:\Program Files\MetaTrader 5\Profiles\Templates)
• Open M5 chart of selected pair, right mouse click on the chart, select - Templates - [our template by name]

You should get the chart like this :

How to use/trading?

Paramon Trading system is part of MaksiGen trading system so read the following links/posts :

------------------------------

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 is on this post