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Market Condition Evaluation based on standard indicators in Metatrader 5 - page 221

Sergey Golubev
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Press review

Sergey Golubev, 2017.09.21 09:11

Intra-Day Fundamentals - EUR/USD, USD/CNH and USD/CAD: FOMC Fed Funds Rate

2017-09-20 19:00 GMT | [USD - FED Interest Rate Decision]

  • past data is 1.25%
  • forecast data is 1.25%
  • actual data is 1.25% according to the latest press release

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

[USD - FED Interest Rate Decision] = Interest rate at which depository institutions lend balances held at the Federal Reserve to other depository institutions overnight.

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From official report :

  • "In view of realized and expected labor market conditions and inflation, the Committee decided to maintain the target range for the federal funds rate at 1 to 1-1/4 percent. The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2 percent inflation."

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EUR/USD M5: range price movement by FOMC Fed Funds Rate news events


USD/CNH M5: range price movement by FOMC Fed Funds Rate news events


USD/CAD M5: range price movement by FOMC Fed Funds Rate news events


==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

Same system for MT4:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
  4. Brainwashing: system development (MT4) - the thread

Sergey Golubev
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PriceChannel Parabolic system

Sergey Golubev, 2017.06.29 07:52

 PriceChannel Parabolic system

The beginning - Channel systems

  1. Channel trading system - the key thread 
  2. SHI Indicators thread 
  3. Price_Channel_v6-ea thread 
  4. Price Channel thread 
===========

After 

PriceChannel Parabolic system basic edition

  • indicators and template to download for black background (first post of this thread)
  • PriceChannel indicator is on CodeBase here, same for white backgroundhow to install
  • Clock indicator to be used with this trading system - Indicator displays three variants of time in the chart: local, server and GMT 
  • PriceChannel ColorPar Ichi system is on this post 

PriceChannel Parabolic system second edition

  • indicators and template to download for black/white background - look at this post.

Latest version of the system with latest EAs to download

How to trade

The setting for EAs: optimization and backtesting 

Trading examples

Metaquotes demo 

GoMarkets broker, initial deposit is 1,000

Alpari UK broker initial deposit is 1,000

RoboForex broker initial deposit is 1,000


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Press review

Sergey Golubev, 2017.09.27 18:52

U.S. Commercial Crude Oil Inventories news event: intra-day ranging bearish; daily ranging bullish; 59.48 is the key

2017-09-27 15:30 GMT | [USD - Crude Oil Inventories]

  • past data is 4.6M
  • forecast data is 2.9M
  • actual data is -1.8M according to the latest press release

[USD - Crude Oil Inventories] = Change in the number of barrels of crude oil held in inventory by commercial firms during the past week.

==========

"U.S. commercial crude oil inventories (excluding those in the Strategic Petroleum Reserve) decreased by 1.8 million barrels from the previous week."

 ==========

Crude Oil M5: ranging bearish. The price is located above 100 SMA/200 SMA reversal levels in the bullish area of the chart for the ranging within 56.31/55.61 support/resistance levels.

If the price breaks 58.01 resistance level to above on M5 close bar so the secondary rally within the primary bearish trend will be started.
If the price breaks 57.71 support level to below on M5 close bar so the bearish reversal will be scontinuing.
If not so the price will be on bearish ranging within the levels.


==========

Crude Oil Daily: ranging bullish. Daily price is far above Ichimoku cloud in the bullish area of the chart for 59.48 resistance level to be tested to above for the bullish trend to be continuing .


==========

Chart #1.
The chart was made on M5 timeframe with standard indicators of Metatrader 5 except the following indicator (free to download):

-----------

Chart #2.
The chart was made on D1 timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicator from CodeBase:


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Gold is Reaching at 1270

Sergey Golubev, 2013.07.01 21:04

How can we know: correction, or bullish etc (in case of using indicator for example)?

well ... let's take AbsoluteStrength indicator from MT5 CodeBase.

bullish (Bull market) :

bearish (Bear market) :

ranging (choppy market - means: buy and sell on the same time) :


flat (sideways market - means: no buy and no sell) :

correction :

correction in a bear market (Bear Market Rally) :



Forum on trading, automated trading systems and testing trading strategies

How to Start with Metatrader 5

Sergey Golubev, 2016.08.12 17:07

Indicator from the post above? Blue lines (signal line and the dotted line) are the bullish. The combination of those lines are providing the information about the primary trend (bullish only), and the secondary trend. Red lines (2 lines) are for bearish.

  • If blue signal line is below blue dotted line = no bullish.
  • If blue signal line is below blue dotted line, and red signal line is below red dotted line = flat (no bullish and no bearish).
  • If 2 blue lines are above 2 red lines, and blue signal line is above blue dotted line = bullish. Opposite for bearish.
  • If blue signal line is above blue dotted line, and red signal line is above red dotted line = ranging (bullish trend and bearish trend on the same time).
  • If red lines are below the blue lines and we see the bearish trend on red lines = correction (secondary correction within the primary bullish trend). Opposite for the secondary rally within the primary bearish trend.

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Press review

Sergey Golubev, 2017.10.04 07:22

GOLD (XAU/USD) - daily correction near bearish reversal; 1,255 is the key (based on the article)

Daily price is located near and above Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart. The price is testing descending triangle pattern with 1,268 support level to below with 1,255 level as the nearest target for the bearish reversal to be started. 


  • "Spot Gold: Retail trader data shows 75.9% of traders are net-long with the ratio of traders long to short at 3.15 to 1. The number of traders net-long is 8.2% higher than yesterday and 5.4% higher from last week, while the number of traders net-short is 5.6% lower than yesterday and 6.4% lower from last week."
  • "We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests Spot Gold prices may continue to fall. Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger Spot Gold-bearish contrarian trading bias."
----------------

The chart was made on W1 timeframe with Ichimoku market condition setup (MT5) from this post (free to download for indicators and template) as well as the following indicator from CodeBase:


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Press review

Sergey Golubev, 2017.10.09 18:22

USD/JPY - daily primary bullish; 13.43 resistance is the key (based on the article)

Daily price broke Ichimoku cloud to above for the bullish breakout: the price is testing 113.43 resistance level for the bullish trend to be continuing, otherwise - bullish ranging within the levels.


  • "USDJPY short-term implied volatility may be underpricing a sustained breakout from the recent trading range; downside looks like the biggest risk at the moment. When comparing 1-week to 1-month implied volatility the shorter dated options are pricing in less movement in USDJPY in the near-term than their longer-dated counterparts. One-month IV is at 9.18% while one-week is at only 7.97%. Volatility has been on the decline in recent weeks and the trading range in the Yen highlights this. The fact the currency has a ‘risk-on, risk-off’ component to it only helped push volatility lower as risk appetite for stocks has been strong, compacting volatility in major equity indices as evidenced by the CBOE VIX index (S&P 500) which continues to hover around 10. "
  • "Related events/data: The BoJ’s Kuroda will be speaking at 12:30 am GMT time on Tuesday; FOMC September meeting minutes on Wednesday; CPI, Advance Retail Sales, and UofM Confidence on Friday."
==========

Same systems for MT4/MT5:

The beginning

  1. ASCTrend system, the beginning, part #1
  2. ASCTrend system, the beginning, part #2
  3. ASCTrend system, the beginning, part #3
  4. ASCTrend system, the beginning, part #4 
  5. Digital ASCTrend (Digital Filters with ASCTrend system combined).
  6. LabTrend (LabTrend indicators, LabTrendZigZag, templates, Labtrend EAs) - the thread

After

  1. The main AscTrend thread is this one.
  2. Asctrend indicator in depth 
  3. ASCTREND SYSTEM summary (good EAs included) 
  4. Brainwashing system/AscTrend system (MT5) - the thread  

Sergey Golubev
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Price Action

The forum

  • All About Price Action - the key thread 
  • Market Condition Evaluation (2 EAs were created) - the post as a summary of price action thread
  • Price Action Trading - small thread with videos
  • What is Price Action? the post with video
  • Trading Price Action Reversals : Al Brooks - the book
  • Trading Price Action Trading Ranges : Al Brooks - the book 
  • Indicators VS Forex Price Action - the post with small article
  • Interview with Al Brooks, price Action day trader and the author of 'Trading Price Action Reversals' - the post with video
  • Video Lesson - Price Action: Introduction To Price Action Trading (what is price action, basic set-ups and stop placement, and more) - the post 
  • The Three Most Popular Indicators for Day-Trading - the post with small article

CodeBase

The articles

The blogs

The market

  • many in search here
Sergey Golubev
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Press review

Sergey Golubev, 2017.10.19 08:45

AUD/USD Intra-Day Fundamentals: Australia Employment Change and range price movement 

2017-10-19 01:30 GMT | [AUD - Employment Change]

  • past data is 53.0K
  • forecast data is 14.1K
  • actual data is 19.8K according to the latest press release

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

[AUD - Employment Change] = Change in the number of employed people during the previous month. 

==========

From official report :

  • "Employment increased 19,800 to 12,290,200. Full-time employment increased 6,100 to 8,398,200 and part-time employment increased 13,700 to 3,892,000."
  • "Unemployment rate decreased 0.1 pts to 5.5%."

==========

AUD/USD M5: range price movement by Australia Employment Change  news event 


==========

The chart was made on MT5 with MA Channel Stochastic system uploaded on this post, and using standard indicators from Metatrader 5 together with following indicators:


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Press review

Sergey Golubev, 2017.10.26 14:00

EUR/USD Intra-Day FundamentalsMinimum Bid Rate, ECB Press Conference and range price movement 

2017-10-26 12:45 GMT | [EUR - Minimum Bid Rate]

  • past data is 0.00%
  • forecast data is 0.00%
  • actual data is 0.00% according to the latest press release

if actual > forecast (or previous one) = good for currency (for EUR in our case)

[EUR - Minimum Bid Rate= Interest rate on the main refinancing operations that provide the bulk of liquidity to the banking system. 

==========

From official report :

  • "The interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.40% respectively. The Governing Council continues to expect the key ECB interest rates to remain at their present levels for an extended period of time, and well past the horizon of the net asset purchases."
  • "As regards non-standard monetary policy measures, purchases under the asset purchase programme (APP) will continue at the current monthly pace of €60 billion until the end of December 2017. From January 2018 the net asset purchases are intended to continue at a monthly pace of €30 billion until the end of September 2018, or beyond, if necessary, and in any case until the Governing Council sees a sustained adjustment in the path of inflation consistent with its inflation aim. If the outlook becomes less favourable, or if financial conditions become inconsistent with further progress towards a sustained adjustment in the path of inflation, the Governing Council stands ready to increase the APP in terms of size and/or duration."
  • "The Eurosystem will reinvest the principal payments from maturing securities purchased under the APP for an extended period of time after the end of its net asset purchases, and in any case for as long as necessary. This will contribute both to favourable liquidity conditions and to an appropriate monetary policy stance."
  • "The main refinancing operations and the three-month longer-term refinancing operations will continue to be conducted as fixed rate tender procedures with full allotment for as long as necessary, and at least until the end of the last reserve maintenance period of 2019."

==========

EUR/USD M30: range price movement by ECB Minimum Bid Rate news event 


==========

Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

Same system for MT4:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
  4. Brainwashing: system development (MT4) - the thread

enrianto
13
enrianto  
Sergey Golubev:


i was looking indicator free please help, now i use hma trend. i am from indonesia and new in mt4