Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2015.05.26 09:26
EUR/USD Technical Analysis: Sellers Overcome 1.10 Figure (based on dailyfx article)
The Euro turned lower against the US Dollar as expected
after negative RSI divergence pointed to fading upside momentum.
Near-term support is at 1.0934, the 50% Fibonacci expansion, with a
break below that exposing the 61.8% level at 1.0808. Alternatively, a
reversal above the 38.2% Fib at 1.1059 clears the way for a test of the
23.6% expansion at 1.1214.
Active Lines - a powerful professional tool for operations with lines on charts. Active Lines provides a wide range of actions for events when the price crosses lines. For example: notify, open/modify/close a position, place/remove pending orders. With Active Lines you can assign several tasks to one line, for each of which you can set individual trigger conditions, as well as conditions for re-activations and the number of possible activations.
Active Lines helps you easily organize various tr
This is the Famous Timing Indicator
You can now use the most famous Timing indicator on the planet.
Millionaire Mostafa Belkhayate earned his reputation by using this specific indicator to validate the entry signals supplied by his also famous Center of Gravity indicator on the Forex market. I spent hours, days, weeks to decrypt the formula and now it is finally available to you.
New and Unique for MetaTrader 5
Timing will give you perfect validations for your entry signals. It is the first
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
PipTick VSA is based on the original Volume Spread Analysis method. It was designed for quick and easy recognition of VSA patterns. Even though this indicator looks very simple, it is the most sophisticated tool that we've ever made. PipTick VSA indicator is a really powerful analytical tool that generates very reliable trading signals. Because it is very user friendly and understandable, it is suitable for every type of trader, regardless of his experience.
What is VSA?
VSA - Volume Spread An
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!
This is an unusual (visual) representation of the famous WPR indicator. Instead of a separate subwindow, it is displayed in the main chart as a channel and levels.
The next version of the indicator will have a possibility of smoothing its values using a moving average.
PeriodWPR - calculation period of the percent price channel LevelUp - the value of the upper level in percentage (negative) LevelDn - the value of the lower level in percentage (negative) Center - the value of t
FXG_Info – the most important data in one place.
MetaTrader 5 Indicator FXG_Info provides basic statistical information about a particular currency pair. So that in combination with a chart representing currency price it is easy to determine whether the current situation is good for trading. And when you open a position it will clearly show you the current data such as SL, TP, RR. You are not limited to currency. You can use any market which is provided by you broker.
The following information
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 robot does not trade at night from 10 p.m. to 4 a.m. (server time).
The robot was tested in the special tester on real ticks. Empirical e
This Indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With only ONE chart you can read Currency Strength for 28 Forex pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity?
USER MANUAL: click here
Arrows in sub-window to show strong currency momentum GAP will guide your trading! Warning signs
This indicator builds divergence/convergence for any selected indicator.
You can add your own indicator with its custom settings to the code for free.
The indicator has two basic line drawing methods (**):
Peak search on fractals without waiting the closure of the wave (MODE = each_bar_peak)Wave search for peaks after crossing the "ZERO line" of the indicator (e.g., "zero line" for RSI = 50.0) (MODE = WAVE_bar_peak)Basic settings include 21 standard indicators included in MT5 terminal, to whi
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
The indicator is intended for determining the spread and swap size, the distance for setting stop orders and stop losses from the current price allowed and the risk per 1 point in the deposit currency.
The indicator informs a trader about possible additional expenses and profits connected with transferring a position to the next trade session of the financial instrument. It also informs about the spread size and the distance of pending orders, stop loss and trailing from the current price. In a
Sideways Alert Indicator is a very effective tool to indicate sideways conditions on live charts and to determine its levels. It helps us trade within the range or trade the breakout or just simply to filter out sideways market conditions.
Cluster analysis of volumes is now available in MetaTrader 5!
The YuСlusters indicator is a professional tool for analyzing the trading volumes. The cluster graph is plotted based on tick data. For the exchange financial instruments these are the volume, type and price of a deal. For the Forex instruments - the real or tick volume (depending on the broker) and Bid price.
There are 6 criteria of cluster generation:
Time interval, the criterion is set in seconds. Price range, the criteri
Fast Copy MT5 allows you 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
MT4 → MT5 MT4 → MT4 MT5 → MT5 MT5 → MT4
* For the MetaTrader 4 terminal — Fast Copy MT4
* For the MetaTrader 5 terminal — Fast Copy MT5
** Before the purchase, you can test the program by downloading the free demo versions — Fast
Veno EA MT5 is a safe and fully automated medium-term trading robot.
The EA does NOT use hedging, martingale, grid strategies, arbitrage, etc.
Veno Expert System MT5 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. The robot analyzes the market volumes and volatility, and follows strong supply and demand movements. It smoothly sets breakeven level
The Number Levels indicator plots the levels of round numbers on the chart, which can be identified as the support and resistance levels.
The indicator implements the ability to set the interval between the round number levels For example, if you set HL1 = 1.00000, and HL2 = 1.05000, then the lines will be drawn every 500 points.
Important! To plot the round number levels for two or more different levels, it is necessary and sufficient to set different names to them in the indicator parameters
The main purpose of the indicator is to determine and mark trade signals on the histogram of the Accelerator Oscillator, which were described by Bill Williams in his book "New Trading Dimensions". The list of signals:
The buy signal when the indicator histogram is below the zero line. The sell signal when the indicator histogram is below the zero line.The sell signal when the indicator histogram is above the zero line. The buy signal when the indicator histogram is above the zero line. The
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
S2 Trend At Wavelet is designed to eliminate the noises on the Price Chart. A clear picture of the market flow will be seen due to the elimination of the unnecessary variations on the chart.
Capabilities of S2 Trend:
Chart End could be shifted to any desired point by Market End Line; A desired Scale could be used by selecting Scale Menu and the result will be shown on the chart; A separate diagram on the Main Chart could be shown by using Chart window's check box; Graphical representation
Envelopes or channel lines are set parallel to the Moving Average (to the slow MA if you use two MAs). The two channel lines must contain approximately 95% of all prices for the past two or three months on a daily chart, with only the extremes protruding outside. Channel lines provide attractive profit targets - sell longs near the upper line and cover shorts near the lower line.
The AutoEnvelope is a custom indicator - an original tool that automatically selects channels width by calculating a
FULL Automatic is a fully autonomous trading robot for MetaТrader 5 without configurable parameters.
It is similar to SAFE Automatic robot intended for traders having no knowledge of trading basics. It works in Low, Medium, High and Extremal trading modes.
The EA applies modified versions of well-known strategies, including Elliott waves, following a trend, half-pyramiding, scalping, speculative trading with a double deposit protection. The EA switches the strategies automati
The economic calendar is made in the form of an Expert Advisor that downloads the data from one of the most popular Forex sites (forexfactory.com/calendar.php). The data is presented in two ways. The first (primary) is represented as icons with detailed information about the event. The second is displayed as a line with a news description. Economic Calendar downloads published news in real mode with the possibility to adjust the spacing of data validation and user-friendly customizable graphical
Three variables are available for every strategy, any one of them can be disabled, their period can be changed.
type_order=ORDER_FILLING _FOK - order filling type.
ReverseTrade=false — trades opens in reverse direction if true. ExitOnBar=true — trades close on each bar only. spreadcover=false — Spread you pay includes in profit trades. It's like trade with zero spread but you should remember that it can decrease exact match between tester's result and live one. It
This software has no equals in the world and represents a universal trade "console" covering trading signals, automated market entry, setting of Stop Loss and Take Profit, as well as Trailing Profit for multiple trades at the same time in a single open window. Intuitive control of the Expert Advisor in "three clicks" ensures a comprehensive use of all its functions on different computers, including tablets PCs.
Interacting with additional signal indicators that mark the chart to give a real mar
This indicator provides tick volume delta analysis on M1 timeframe. It monitors up and down ticks and sums them up as separate volumes for buys and sells, as well as their delta volumes, and volume clusters on price scale within a specified number of bars. This indicator is similar to VolumeDeltaMT5, which uses almost the same algorithms but does not process ticks and therefore cannot work on M1. This is the reason for VolumeDeltaM1 to exist. On the other hand, VolumeDeltaMT5 can show its signal
This is an utility for automatic scaling of a chart and making at least 140 bars visible in it. This is necessary for a correct wave analysis according to the Bill Williams' strategy "Trading Chaos". The utility can be used on any timeframe available in МetaТrader 5.
It draws a vertical line through the first bar the calculation starts from. This line allows you to see the probable starting point of the wave sequence along with a sufficient number of bars displayed in the chart. It also makes t
The indicator is based on the comparison of the correlation of trading instruments following an original algorithm. It determines the difference between correlated contracts (delta). The greater the difference, the more it is likely that this Delta will return to zero.
More suited to the FORTS market.
The greater the deviation from zero, the more it is likely that the price will return to zero. Also, the indicator divergence can be applied by comparing highs and lows.
Auto Trade Driver is an automatic powerful tool (run as Expert Advisor) that helps you to manage risk and control orders and maximize your profit in multi-protect/trailing-stop rules.
This tool is very useful for both scalpers and trend followers. It not only calculates the trade risk exactly, but also protects and maximizes your profits in real-time.
With this tool, the only thing you have to do is to enter trade by your own strategy, then it will auto-drive your position with exit strategy y
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
Sergey Golubev, 2015.05.26 20:04
Tech Setups For EUR/USD, USD/JPY, GBP/USD, AUD/USD - Barclays (adapted from efxnews article)
The following are the latest technical setups for EUR/USD, USD/JPY,
GBP/USD, and AUD/USD as provided by the technical strategy team at
EUR/USD: Our bearish view was encouraged by the close
below former range highs near 1.1055. We are looking for a move lower
towards targets near 1.0850 and then the 1.0660 area. Our greater
targets are towards 1.0460. 1.1055 reverts to resistance.
USD/JPY: The break above the 122.05 highs confirms our
bullish view and completion of the six-month range trade. Our greater
upside targets are in the 124.15 area.
GBP/USD: Last Friday’s bearish engulfing candle and
the subsequent move through 1.5445 signals a squeeze lower towards our
targets near 1.5335. Breaking below there would signal deeper setback
towards 1.5130, the 50-dma.
AUD/USD: Last week’s bearish engulfing candle
encourages our bearish view. A close below our initial downside targets
near 0.7790 would signal lower towards 0.7680.
Sergey Golubev, 2015.05.27 16:22
if actual > forecast (or previous data) = good for currency (for CAD in our case)
[CAD - Overnight Rate] = Interest rate at which major financial institutions borrow and lend overnight funds between themselves. Short term interest rates are the paramount factor in currency valuation
- traders look at most other indicators merely to predict how rates
will change in the future.
Bank of Canada maintains overnight rate target at 3/4 per cent
"The Bank of Canada today announced that it
is maintaining its target for the overnight rate at 3/4 per cent. The
Bank Rate is correspondingly 1 per cent and the deposit rate is 1/2 per
Inflation in Canada continues to track the path outlined in the Bank’s April Monetary Policy Report
(MPR). Total CPI inflation is near the bottom of the Bank's 1 to 3 per
cent inflation control range, largely due to the transitory effects of
sharply lower energy prices. Core inflation remains above 2 per cent,
boosted by the pass-through effects of past depreciation of the Canadian
dollar, as well as certain sector-specific factors. Seeing through the
various temporary factors, the Bank estimates that the underlying trend
of inflation is 1.6 to 1.8 per cent, consistent with persistent slack in
The outlook for the Canadian economy also remains largely in line
with the April MPR. While a weak first quarter in the United States has
raised questions about that economy’s underlying strength, the Bank
expects a return to solid growth in the second quarter. This will help
advance the rotation of demand in Canada toward more exports and
business investment. Recent indicators suggest consumption in Canada is
holding up relatively well, given the impact of lower oil prices on
gross domestic income."
USDCAD M5: 44 pips range price movement by USDCAD - Overnight Rate news event:
Sergey Golubev, 2015.05.28 07:14
Trading the News: U.K. Gross Domestic Product (GDP) (based on dailyfx article)
An upward revision in the U.K. 1Q Gross Domestic Product (GDP) print may
heighten the appeal of the British Pound and spur a near-term rebound
in GBP/USD as signs of a stronger recovery raises the Bank of England’s
(BoE) scope to normalize monetary policy sooner rather than later.
Why Is This Event Important:
A marked uptick in the growth rate may spur a growing dissent within the
Monetary Policy Committee (MPC) as the central bank remains on course
to normalize monetary policy, and we may see a greater number of BoE
officials prepare U.K. households and business for higher
borrowing-costs as the economy gets on a firmer footing.
However, the widening trade deficit paired with the ongoing slack in
private-sector activity may drag on the growth rate, and a dismal GDP
figure may further delay the BoE’s normalization cycle especially on the
back of the uncertainties clouding the outlook for fiscal policy.
How To Trade This Event Risk
Bullish GBP Trade: U.K. 1Q GDP Expands Annualized 2.5% or Greater
MetaTrader Trading Platform Screenshots
GBPUSD, M5, 2015.05.28
MetaQuotes Software Corp., MetaTrader 5
Sergey Golubev, 2015.05.28 07:48
if actual > forecast (or previous data) = good for currency (for AUD in our case)
[AUD - Private Capital Expenditure] = Change in the total inflation-adjusted value of new capital expenditures made by private businesses. It's a leading indicator of economic health - businesses are quickly
affected by market conditions, and changes in their investment levels
can be an early signal of future economic activity such as hiring,
spending, and earnings.
AUDUSD, M5, 2015.05.28
Sergey Golubev, 2015.05.28 15:09
if actual < forecast (or previous data) = good for currency (for USD in our case)
[USD - Unemployment Claims] = The number of individuals who filed for unemployment insurance for the first time during the past week. Although it's generally viewed as a lagging indicator, the number of
unemployed people is an important signal of overall economic health
because consumer spending is highly correlated with labor-market
conditions. Unemployment is also a major consideration for those
steering the country's monetary policy.
"In the week ending May 23, the advance figure for seasonally adjusted initial claimswas 282,000, an increase of 7,000 from the previous week's revised level. The previous week's level was revised up by 1,000 from 274,000 to 275,000. The 4-week moving average was 271,500, an increase of 5,000 from the previous week's revised average. The previous week's average was revised up by 250 from 266,250 to 266,500."
USDJPY, M5, 2015.05.28
USDJPY M5: 24 pips range price movement by USD - Unemployment Claims news event
Sergey Golubev, 2015.05.29 06:19
A fresh factor will drive EUR/USD declines - Deutsche Bank (based on forexlive article)
Cleaner positioning. "Equally, positioning metrics suggest
that dollar longs have being pared back. A regression of currency manager index
returns against the DXY now points to flat positioning, while the IMM shows a
greater than 50% paring back in dollar longs," Deutsche Bank notes.
All about the Fed. "History has been all about the ECB, but the
dominant driver of FX is now likely to be the Fed. On that front, monetary
policy could come back in focus sooner than many expect," Deutsche Bank argues.
Euro still a good short. "While market focus is very likely
to shift to the other side of the Atlantic, EUR/USD is still a good vehicle to
express dollar longs. To start with, the euro is a consistent underperformer
around Fed turning points," DB advises.
Negative euro flows. "Beyond that, the European flow picture
remains very negative. The recent VaR shock in bund yields is likely to further
discourage, rather than encourage fixed income inflows," Deutsche Bank adds.
Sergey Golubev, 2015.05.29 08:20
if actual > forecast (or previous data) = good for currency (for NZD in our case)
[NZD - NBNZ Business Confidence] = Level of a diffusion index based on surveyed manufacturers, builders, retailers, agricultural firms, and service providers. It's a leading indicator of economic health - businesses react quickly
to market conditions, and changes in their sentiment can be an early
signal of future economic activity such as spending, hiring, and
NZDUSD, M5, 2015.05.29
NZDUSD M5: 28 pips price movement by NZD - NBNZ Business Confidence news event
Sergey Golubev, 2015.05.29 10:37
Trading News Events: U.S. Gross Domestic Product (GDP) (based on dailyfx article)
A marked downward revision in the preliminary 1Q U.S. Gross Domestic
Product (GDP) report may drag on the greenback and spur a near-term
rebound in EUR/USD as the Federal Reserve looks to carry its
zero-interest rate policy into the second-half of 2015.
Why Is This Event Important:
Even though the Fed pledges to look past the economic weakness drive by
transitory factors, a larger-than-expected contraction in the growth
rate may spur a further delay in the central bank’s normalization cycle
as it undermines expectations for a stronger recovery.
Nevertheless, increased business outputs paired with the expansion in
private-sector credit may offer a better-than-expected GDP print, and
prospects for a stronger recovery may spur a bullish reaction in the
dollar as the Fed remains on course to remove the zero-interest rate
policy (ZIRP) in 2015.
How To Trade This Event Risk
Bearish USD Trade: Growth Rate Contracts 0.9% or Greater
4Q 2014 U.S. Gross Domestic Product (GDP)
EURUSD M5: 19 pips price movement by USD - GDP news event:
Even though the preliminary 4Q U.S. GDP print was revised down to an
annualized 2.2% from an initial forecast of 2.6%, the print still
managed to exceed market expectations for a 2.0% rate of growth. At the
same time, Personal Consumption was also revised down to 4.2% from 4.3%,
while the core Personal Consumption Expenditure (PCE) remained
unchanged at 1.1% during the same period. The better-than-expected GDP
reading may keep the Fed on course to normalize monetary policy in 2015
as the central bank anticipates a stronger recovery in the year ahead.
The greenback strengthened following the report, with EUR/USD slipping
below the 1.1200 handle to end the North American session at 1.1189.
GBPUSD, M5, 2015.05.29
GBPUSD M5: 59 pips range price movement by USD - GDP news event
USDCAD, M5, 2015.05.29
USDCAD M5: 83 pips price movement by USD - GDP news event
Sergey Golubev, 2015.06.01 11:43