Market Condition Evaluation based on standard indicators in Metatrader 5 - page 80

 

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Press review

newdigital, 2014.01.27 05:50

2013-01-26 23:50 GMT (or 00:50 MQ MT5 time) | [JPY - Trade Balance]

  • past data is -1.29T
  • forecast data is -1.22T
  • actual data is -1.30T according to the latest press release

if actual > forecast = good for currency (for JPY in our case)

==========

Japan Has Y1,302.11 Billion Trade Deficit In December

Japan posted a merchandise trade deficit of 1,302.11 billion yen in December, the Ministry of Finance said on Monday - sliding into the red for the 17th consecutive month.

The headline figure missed expectations for a shortfall of 1,280.0 billion yen after showing a downwardly revised 1,294.1 billion yen deficit in November (originally 1,292.9 billion yen).


MetaTrader Trading Platform Screenshots

USDJPY, M5, 2014.01.27

MetaQuotes Software Corp., MetaTrader 5, Demo

USDJPY M5 : 32 pips price movement by JPY - Trade Balance news event

USDJPY, M5, 2014.01.27, MetaQuotes Software Corp., MetaTrader 5, Demo


 

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Press review

newdigital, 2014.01.28 07:16

2013-01-28 00:30 GMT (or 01:30 MQ MT5 time) | [ AUD - NAB Business Confidence]

if actual > forecast/previous = good for currency (for AUD in our case)

==========

Australia Business Conditions Index Climbs To 4 - NAB

An index measuring business conditions in Australia came in with a score of 4 in December, the latest survey from NAB revealed on Tuesday - touching a two-and-a-half-year high.

The December reading was up sharply from -3 in November,

The index for business confidence came in at 6, which was unchanged from the previous month following an upward revision from 5.


MetaTrader Trading Platform Screenshots

AUDUSD, M5, 2014.01.28

MetaQuotes Software Corp., MetaTrader 5, Demo

AUDUSD M5 : 30 pips price movement by AUD - NAB Business Confidence news event

AUDUSD, M5, 2014.01.28, MetaQuotes Software Corp., MetaTrader 5, Demo


 

Forum on trading, automated trading systems and testing trading strategies

How to Start with Metatrader 5

newdigital, 2013.08.04 18:27

If you are totally new to this website and

  • you are programmer and looking for some Job, or
  • you are trader and want to build your strategy/system/indicator/EA so

there are some pages which will help you to start :

  1. How to Order a Trading Robot in MQL5 and MQL4

  2. How to Order an Expert Advisor and Obtain the Desired Result

  3. MQL5.community Payment System

  4. Rules of Using the Jobs Service

 

Forum on trading, automated trading systems and testing trading strategies

Press review

newdigital, 2014.01.28 09:23

Trading the News: U.K. Gross Domestic Product (based on dailyfx article)

The U.K. economy is expected to grow another 0.7% in the fourth-quarter, and a marked pickup in 4Q GDP may spark fresh highs in the British Pound as it puts increased pressure on the Bank of England (BoE) to normalize monetary policy ahead of schedule.

What’s Expected:


Time of release: 01/28/2014 9:30 GMT, 4:30 EST
Primary Pair Impact: GBPUSD
Expected: 0.7%
Previous: 0.8%

Forecast: 0.7% to 1.0%

How To Trade This Event Risk

Bullish GBP Trade: 4Q GDP Climbs 0.7% or Greater

  • Need green, five-minute candle following the GDP print to consider a long British Pound trade
  • If reaction favors a buy trade, long GBPUSD with two separate position
  • Set stop at the near-by swing low/reasonable distance from entry; look for at least 1:1 risk-to-reward
  • Move stop to entry on remaining position once initial target is hit, set reasonable limit
Bearish GBP Trade: U.K. Growth Rate Misses Market Forecast
  • Need red, five-minute candle to favor a short GBPUSD trade
  • Implement same setup as the bullish British Pound trade, just in the opposite direction

Potential Price Targets For The Release


  • Remains Bullish Above 1.6300 (Higher Low); Searching for Higher High
  • Price & Relative Strength Index Retain Bullish Trend From July
  • Interim Resistance: 1.6700 Pivot to 1.6730 (100.0 expansion)
  • Interim Support: 1.6300 Pivot to 1.6310 (50.0 expansion)

3Q A 2013 U.K. Gross Domestic Product :



MetaTrader Trading Platform Screenshots

GBPUSD, M5, 2014.01.28

MetaQuotes Software Corp., MetaTrader 5, Demo

GBPUSD M5 : 35 pips price movement by GBP - GDP news event

GBPUSD, M5, 2014.01.28, MetaQuotes Software Corp., MetaTrader 5, Demo


 

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Press review

newdigital, 2014.01.28 14:30

2013-01-28 13:30 GMT (or 14:30 MQ MT5 time) | [USD - Durable Goods Orders]

if actual > forecast = good for currency (for USD in our case)

==========

U.S. Durable Goods Orders Show Unexpected Decrease In December

With orders for transportation equipment showing a substantial decrease, the Commerce Department released a report on Tuesday showing that new orders for U.S. manufactured durable goods unexpectedly dropped in the month of December.

The report said durable goods orders tumbled by 4.3 percent in December following a revised 2.6 percent increase in November.


MetaTrader Trading Platform Screenshots

USDJPY, M5, 2014.01.28

MetaQuotes Software Corp., MetaTrader 5, Demo

USDJPY M5 : 47 pips price movement by USD - Durable Goods Orders news event

USDJPY, M5, 2014.01.28, MetaQuotes Software Corp., MetaTrader 5, Demo


MetaTrader Trading Platform Screenshots

USDCHF, M5, 2014.01.28

MetaQuotes Software Corp., MetaTrader 5, Demo

USDCHF M5 : 38 pips price movement by USD - Durable Goods Orders news event

USDCHF, M5, 2014.01.28, MetaQuotes Software Corp., MetaTrader 5, Demo



 

well ... many trades are waiting for the following 2 news events today :

==========

2013-01-29 19:00 GMT (or 20:00 MQ MT5 time) | [USD - Federal Open Market Committee Meeting]

2013-01-29 19:00 GMT (or 20:00 MQ MT5 time) | [USD - Federal Funds Rate]

  • past data is 0.25%
  • forecast data is 0.25%
  • actual data is [more to follow] according to the latest press release

if actual > forecast = good for currency (for USD in our case)

==========

Read this post for more information

 

Forum on trading, automated trading systems and testing trading strategies

Press review

newdigital, 2014.01.29 18:09

Trading the News: Reserve Bank of New Zealand Interest Rate Decision (adapted from this article)

The Reserve Bank of New Zealand (RBNZ) is widely expected to keep the benchmark interest rate at 2.50%, but the policy statement may highlight a bullish outlook for the NZDUSD as the central bank is widely expected to normalize monetary policy this year.

What’s Expected:

Time of release: 01/29/2014 20:00 GMT, 15:00 EST
Primary Pair Impact: NZDUSD
Expected: 2.50%
Previous: 2.50%
Forecast: 2.50%

Why Is This Event Important:


Indeed, RBNZ Governor Graeme Wheeler may unveil a more detailed exit strategy this time around amid the growing threat of an asset-bubble, and bets for an imminent rate hike may spur fresh highs in the New Zealand dollar as market participants weigh the prospects for future policy.

How To Trade This Event Risk

Bullish NZD Trade: RBNZ Offers More Detailed Exit Strategy
  • Need green, five-minute candle following a hawkish statement to consider a long NZDUSD trade
  • If market reaction favors a long trade, buy NZDUSD with two separate position
  • Set stop at the near-by swing low/reasonable distance from cost; look for at least 1:1 risk-to-reward
  • Move stop to entry on remaining position once initial target is met, set reasonable limit
Bearish NZD Trade: Wheeler Scales Back Hawkish Tone & Strengthens Verbal Intervention
  • Need red, five-minute candle to favor a short NZDUSD trade
  • Implement same strategy as the bullish New Zealand dollar trade, just in opposite direction


Forum on trading, automated trading systems and testing trading strategies

Press review

newdigital, 2014.01.30 07:26

2013-01-29 19:00 GMT (or 20:00 MQ MT5 time) | [NZD - Official Cash Rate]

  • past data is 2.50%
  • forecast data is 2.50%
  • actual data is 2.50% according to the latest press release

if actual > forecast = good for currency (for NZD in our case)

==========

RBNZ Holds OCR Steady At 2.50%

The Reserve Bank of New Zealand said on Thursday that it was leaving the country's Official Cash Rate unchanged at 2.50 percent.

This was in line with expectations, and it also marked the 24th consecutive meeting in which the RBNZ had left the rate on hold.

"New Zealand's economic expansion has considerable momentum. Prices for New Zealand's export commodities remain very high, especially for dairy products. Consumer and business confidence are strong and the rapid rise in net inward migration over the past year has added to consumption and housing demand," the bank said in a statement accompanying the decision.


MetaTrader Trading Platform Screenshots

NZDUSD, M5, 2014.01.30

MetaQuotes Software Corp., MetaTrader 5, Demo

NZDUSD M5 : 92 pips price movement by NZD - Official Cash Rate news event

NZDUSD, M5, 2014.01.30, MetaQuotes Software Corp., MetaTrader 5, Demo


 

Forum on trading, automated trading systems and testing trading strategies

Press review

newdigital, 2014.01.31 15:18

2013-01-31 13:30 GMT (or 14:30 MQ MT5 time) | [CAD - GDP]

if actual > forecast = good for currency (for CAD in our case)

==========

Canada grows 0.2% in November – USD/CAD breaks 1.12 – new 4 year record

Canada reported a growth rate of November as expected, following a solid 0.3% growth rate in October. GDP growth is reported once per month, contrary to most countries that publish these figures on a quarterly basis.

USD/CAD was trading on high ground towards the publication, at around 1.1190. The 1.12 level looms. USD/CAD now edges higher.


MetaTrader Trading Platform Screenshots

USDCAD, M5, 2014.01.31

MetaQuotes Software Corp., MetaTrader 5, Demo

USDCAD M5 : 34 pips price movement by CAD - GDP news event

USDCAD, M5, 2014.01.31, MetaQuotes Software Corp., MetaTrader 5, Demo


 

I created net version - the version #8 using Ichimoku indicator (for Senkou Span B line only).

It is backtestng is very slowly way as it is related to iClose price.

I remember EA which I created long time ago for MT4 - Scalp_net_v1.5

Version #1.5 because I created many versions (Igorad helped me for some versions).
Version #1.5 is more advanced but it is using I_XO_A_H indicator which was not converted for MT5 yet.
 
Seems you quoted something related me ... why?
Reason: