members asked by PM about EAs which were coded for this big thread:
Market Condition Evaluation based on standard indicators in Metatrader 5
newdigital, 2013.03.20 10:40
Market Condition Evaluation
story/thread was started from here/different thread
more to follow ...
This is interesting situation with market condition for EURUSD D1 and USDCHF D1 for now:
- EURUSD is trying to break Sinkou Span B line (one of the border of the cloud) from below to above to be turned to primary bullish (we can see it from the chart):
MetaTrader Trading Platform Screenshots
EURUSD, D1, 2013.06.05
MetaQuotes Software Corp., MetaTrader 5, Demo
- but USDCHF D1 price is still in bullish for now:
USDCHF, D1, 2013.06.05
So, this is the situation when trading EURUSD - we need to look at USDCHF as well.
Thank you for your market condition evaluation that I've been following with interest. I have looked at the various Ichimoku set-ups available in MT5 database, and was not able to find the one you use. I'm particularly interested in the cloud formation, so Senkou Span A and B lines and the field in between. Unfortunately, the MT5 Ichimoku indicator does not look forward for 26 periods. Do you know how to correct that, or may be easier, share the cloud set-up you use?
Thanks a lot.
Well ... so we go ...
How to use
You should have the chart similar with this one:
GBPUSD, D1, 2013.06.05
market condition setup
more to follow ...
This is one of setup to be used with technical analysis - this post. But I uploaded on this thread Stochastic the other setup which we can use in technical analysis too (to create the threads and to make simple analysis of the market condition). This second one is related to Stochastic and it is here with one exception: period for slow MA should be 200 instead of 100 for example.
newdigital, 2013.06.06 15:06
This is very simple setup related to technical analysis:
This kind of setup is used for technical analysis. But why the traders are not trading their technical analysis setups? we watched tv ... we are reading some threads about support resistance levels and so on. Why they are not connecting their setups/EAs to the Signals? because this Stochastic condition (overbought/oversold) are not coming on the same bar with the main signals to open buy/sell trade. Let me explain more.
I think - this Friday and especially next week will be very interestintg for 3 pairs
for USDCHF - because of possible breakdown for D1:
USDCHF, D1, 2013.06.06
usdchf d1 breakdown
for EURUSD - for possible breakout on D1:
EURUSD, D1, 2013.06.06
eurusd d1 breakout
and for GBPUSD - breakout on D1 was started:
GBPUSD, D1, 2013.06.06
gbpusd d1 breakout
will see on Friday ... why do we need to watch the Friday's movement for those pairs? because if trend is continuing so next week may be very profitable for all of us (just an idea).
It was NFP for now so it is the example why it is risky to trade during nfp:
newdigital, 2013.06.07 14:30
newdigital, 2013.06.06 16:18
We will have Non-farm Payrolls tomorrow so be careful with trading guys.
2013-06-07 08:30 GMT | [USD -Non-farm Payrolls]
EURUSD, M1, 2013.06.07