Market Condition Evaluation based on standard indicators in Metatrader 5 - page 48

Sergey Golubev
Moderator
111327
Sergey Golubev  

members asked by PM about EAs which were coded for this big thread:

Forum

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

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

Market condition

  • the theory with examples (primary trend, secondary trend) - read staring from this post till this one
  • Summary about market condition theory is on this post 

================================ 

3 Stoch MaFibo trading system for M5 and M1 timeframe 

================================  

PriceChannel ColorPar Ichi system.

 

================================ 

MaksiGen trading system 

================================ 

 Merrill's patterns are on this page.

 

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

Divergence - how to use, explanation and where to read about.

  

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

Scalp_net trading system

  • template/indicators and how to use are on this comment.

  • scalp_net_v132_tf EA is on this post with optimization results/settings for EURUSD M5 timeframe
     
  • possible settings #1 for this EA for EURUSD M5 timeframe with backtesting results is on this post.
     

================================  

MTF systems 

more to follow ... 


Sergey Golubev
Moderator
111327
Sergey Golubev  

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

eurusd d1

EURUSD, D1, 2013.06.05, MetaQuotes Software Corp., MetaTrader 5, Demo


- but USDCHF D1 price is still in bullish for now:


MetaTrader Trading Platform Screenshots

USDCHF, D1, 2013.06.05

MetaQuotes Software Corp., MetaTrader 5, Demo

usdchf d1

USDCHF, D1, 2013.06.05, MetaQuotes Software Corp., MetaTrader 5, Demo


So, this is the situation when trading EURUSD - we need to look at USDCHF as well.

zeno
277
zeno  

Hello newdigital,

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. 


Sergey Golubev
Moderator
111327
Sergey Golubev  
zeno:

Hello newdigital,

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. 


I uploaded my setup with indicator on this thread ... will try to find ... but it is 48 pages you know :) ... if I will not find so I will upload it here with all the indicators.
Sergey Golubev
Moderator
111327
Sergey Golubev  

Well ... so we go ...


Indicators


Template

  • marketcondition1.tpl (attached)


Installation

  • place 4 indicators in indicators folder (for example - to here: C:\Program Files\MetaTrader 5\MQL5\Indicators
  • place template file in template folder (for example to C:\Program Files\MetaTrader 5\Profiles\Templates
  • compile indicators in MetaEditor, or restart MetaTrader 5


How to use

  • open D1 (or H4, or H1) charts of your selected pair
  • right mouse click on any place of the chart - select Templates - and name of our template (marketcondition1)


You should have the chart similar with this one:


MetaTrader Trading Platform Screenshots

GBPUSD, D1, 2013.06.05

MetaQuotes Software Corp., MetaTrader 5, Demo

market condition setup

GBPUSD, D1, 2013.06.05, MetaQuotes Software Corp., MetaTrader 5, Demo


Files:
zeno
277
zeno  
newdigital:

Well ... so we go ...

Thank you newdigital. I was missing the template
Sergey Golubev
Moderator
111327
Sergey Golubev  

Market Condition Evaluation

story/thread was started from here/different thread

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

Market condition
  • the theory with examples (primary trend, secondary trend) - read staring from this post till this one
  • Summary about market condition theory is on this post 
  • Practical examples about every market condition case by indicators: starting from this page till this one
     
  • trendstrength_v2 indicator is here,
     
  • AbsoluteStrength indicator is here
     
  • AbsoluteStrengthMarket indicator is here to download.

================================ 

3 Stoch MaFibo trading system for M5 and M1 timeframe 

================================  

PriceChannel ColorPar Ichi system.

 

================================ 

MaksiGen trading system 

================================ 

 Merrill's patterns are on this page.

 

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

Divergence - how to use, explanation and where to read about.

  

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

Scalp_net trading system
  • template/indicators and how to use are on this comment.

  • scalp_net_v132_tf EA is on this post with optimization results/settings for EURUSD M5 timeframe
     
  • possible settings #1 for this EA for EURUSD M5 timeframe with backtesting results is on this post.
     

================================  

MTF systems 

more to follow ...

Sergey Golubev
Moderator
111327
Sergey Golubev  

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.


Forum

Stochastic

newdigital, 2013.06.06 15:06

This is very simple setup related to technical analysis:

  • Moving Averages indicator with period 55, method - simple, apply to close.
  • Moving Averages indicator with period 100, method - simple, apply to close.
  • Stochastic indicator with the settings 100/8/8

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.


Sergey Golubev
Moderator
111327
Sergey Golubev  

I think - this Friday and especially next week will be very interestintg for 3 pairs

for USDCHF - because of possible breakdown for D1:

MetaTrader Trading Platform Screenshots

USDCHF, D1, 2013.06.06

MetaQuotes Software Corp., MetaTrader 5, Demo

usdchf d1 breakdown

USDCHF, D1, 2013.06.06, MetaQuotes Software Corp., MetaTrader 5, Demo


for EURUSD - for possible breakout on D1:

MetaTrader Trading Platform Screenshots

EURUSD, D1, 2013.06.06

MetaQuotes Software Corp., MetaTrader 5, Demo

eurusd d1 breakout

EURUSD, D1, 2013.06.06, MetaQuotes Software Corp., MetaTrader 5, Demo


and for GBPUSD - breakout on D1 was started:

MetaTrader Trading Platform Screenshots

GBPUSD, D1, 2013.06.06

MetaQuotes Software Corp., MetaTrader 5, Demo

gbpusd d1 breakout

GBPUSD, D1, 2013.06.06, MetaQuotes Software Corp., MetaTrader 5, Demo


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).

Sergey Golubev
Moderator
111327
Sergey Golubev  

It was NFP for now so it is the example why it is risky to trade during nfp:

Forum

Press review

newdigital, 2013.06.07 14:30

NFP now:

  • previous data: 165K
  • forecast data: 170K
  • actual: 175K



Forum

Press review

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]


MetaTrader Trading Platform Screenshots

EURUSD, M1, 2013.06.07

MetaQuotes Software Corp., MetaTrader 5, Demo

nfp2

EURUSD, M1, 2013.06.07, MetaQuotes Software Corp., MetaTrader 5, Demo