Market Condition Evaluation based on standard indicators in Metatrader 5 - page 54

Sergey Golubev
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Sergey Golubev  

Trading AUD Interest Rate :

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AUDUSD, M5, 2013.07.02

MetaQuotes Software Corp., MetaTrader 5, Demo

65 pips

AUDUSD, M5, 2013.07.02, MetaQuotes Software Corp., MetaTrader 5, Demo


Forum

Press review

newdigital, 2013.07.02 07:58

This was the following high impacted news event for AUD at 04:30 am GMT (or at 06:30 MQ time) :

2013-07-02 04:30 GMT | [AUD - RBA Interest Rate]

  • Past data was 2.75%
  • Forecast was 2.75%
  • Actual data is 2.75% according to the latest press release made by Reserve Bank of Australia

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

Australia's Central Bank Keeps Cash Rate Unchanged :

Australia's central bank on Tuesday decided to retain the benchmark cash rate unchanged at 2.75 percent as expected, while maintaining its view that the inflation outlook allowed some scope to ease monetary policy further.

The Reserve Bank Board judged that the easier financial conditions now in place will contribute to a strengthening of growth over time, consistent with achieving the inflation target.

The Board also noted that the recent national accounts data has confirmed that the economy has been growing a bit below trend over the recent period.


Sergey Golubev
Moderator
114338
Sergey Golubev  

Just about GBP PMI construction - I opened sell trade too later ... but anyway - I am in small profit for now :

MetaTrader Trading Platform Screenshots

GBPUSD, M5, 2013.07.02

MetaQuotes Software Corp., MetaTrader 5, Demo

pmi construction

GBPUSD, M5, 2013.07.02, MetaQuotes Software Corp., MetaTrader 5, Demo


Forum

Press review

newdigital, 2013.07.02 10:52

2013-07-02 08:30 GMT | [GBP - PMI Construction]

This news event was at 08:30 am GMT, or 10:30 MQ time.

==========

UK Construction Activity At One-Year High :

British construction sector activity expanded for a second consecutive month in June and at the strongest pace in over a year, a survey report from Markit Economics and the Chartered Institute of Purchasing & Supply showed Tuesday.

The headline purchasing managers' index rose to 51 in June from 50.8 in May. The June reading was the highest since May 2012.

Readings above 50 indicate expansion of the sector. The index has now remained above 50 for a second successive month in June.

Higher output levels were driven by a solid rate of new order growth in June, and this in turn contributed to rising employment levels in the construction sector during the latest survey period, the report said.

New order growth was the strongest in 13 months. In June, the rate of job creation was the most marked since September 2012. The survey also found that business confidence among builders was at its highest level since April 2012.

Residential building activity improved for a fifth consecutive month, but the rate of expansion eased from May's 26-month high. Business activity stabilized in commercial and civil engineering sub-sectors.


zeno
277
zeno  


Hello newdigital,

It is indeed that indicator developed by Igorad for Metatrader 4 that I was reading about, but it does not have to be precisely with the same alerts, since Ichimoku provides so many possibilities.

We can certainly start in a first version with those 2 that you propose. Sounds great!

Sergey Golubev
Moderator
114338
Sergey Golubev  
newdigital:

Hi zeno,

As I see - you are talking about indicator developed by Igorad for Metatrader 4 with the following alerts:

  • AlertMode = 0 - no alert;
  • AlertMode = 1 - Tenkan crosses Kijun;
  • AlertMode = 2 - Chinkou crosses Price;
  • AlertMode = 3 - both together.

Tenkan Sen / Kijun Sen Cross - this Ichimoku signal is coming first in most of the cases, not lagging and it is not strong signal. There are few EAs for MT4 using this signal only.

Chikou Span crossing historical price - this is last signal, lagging on higher timeframes, but it is most strongest signal in Ichimoku.

So, we can start with first (Tenkan crosses Kijun) and with last (Chinkou crosses Price). Just my proposal.

Hi zeno,

I asked Igorad and he agreed: he will develope new indicator for mql5 forum with alerts. Once he will do it (i hope - it will be soon) - I will upload it here on the this thread.

Sergey Golubev
Moderator
114338
Sergey Golubev  

It was 2 news events at 01:30 GMT today (or 03:30 MQ time) - but AUDUSD moved by 18 pips only during this time :

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AUDUSD, M1, 2013.07.03

MetaQuotes Software Corp., MetaTrader 5, Demo

audusd 18 pips

AUDUSD, M1, 2013.07.03, MetaQuotes Software Corp., MetaTrader 5, Demo


Forum

Press review

newdigital, 2013.07.03 10:28

Just about those 2 news events for AUD - Trade Balance and Retail Sales. First one is Trade Balance :

2013-07-03 01:30 GMT | [AUD - Trade Balance]

===========

Australia Trade Surplus A$670 Million In May :

Australia posted a seasonally adjusted merchandise trade surplus of A$670 million in May, the Australian Bureau of Statistics said on Wednesday - up 292 percent on month.

The headline figure blew away forecasts for a surplus of A$53 million following the upwardly revised A$171 million surplus in April (originally A$28 million).


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newdigital, 2013.07.03 10:29

2013-07-03 01:30 GMT | [AUD - Retail Sales]

If actual > forecast = good for currency (for AUD in our case)

===========

Australia Retail Sales Add 0.1% In May

Retail sales in Australia were up a seasonally adjusted 0.1 percent on month in May, the Australian Bureau of Statistics said on Wednesday - standing at A$21.825 billion.

That missed forecasts for an increase of 0.3 percent following the downwardly revised 0.1 percent contraction in April (originally up 0.2 percent).

By category, sales were up in other retailing (0.8 percent), food retailing (0.2 percent), department stores (0.8 percent) and clothing, footwear and personal accessory retailing (0.4 percent).

Sales were down for cafes, restaurants and takeaway food services (-0.6 percent) and household goods retailing (-0.3 percent).

By region, sales gained in Western Australia (1.6 percent), Queensland (0.5 percent), South Australia (0.6 percent), Tasmania (0.6 percent) and the Northern Territory (0.8 percent).

Sales were down in New South Wales (-0.4 percent), Victoria (-0.3 percent) and the Australian Capital Territory (-1.7 percent).

On a yearly basis, retail sales were up 2.3 percent.


Sergey Golubev
Moderator
114338
Sergey Golubev  

Next news events made +75 pips for us - this is GBP Service PMI which was at 08:28 am GMT, or 10:28 MQ time :

MetaTrader Trading Platform Screenshots

GBPUSD, M1, 2013.07.03

MetaQuotes Software Corp., MetaTrader 5, Demo

75 pips

GBPUSD, M1, 2013.07.03, MetaQuotes Software Corp., MetaTrader 5, Demo


Forum

Press review

newdigital, 2013.07.03 10:55

The next news event which was had for today is the following:

2013-07-03 08:28 GMT | [GBP - Services PMI]

If actual > forecast = good for currency (for GBP in our case)

===========

UK Service Sector Growth At 2-Yr High Amid New Order Surge :

British service sector growth accelerated to its highest in more than two years in June supported by the strongest gain in new businesses since 2007, a survey by Markit Economics and the Chartered Institute of Purchasing & Supply showed Wednesday.

The headline Business Activity Index recorded 56.9 in June, the highest since March 2011. In May, the index showed a reading of 54.9. Readings above 50 indicates expansion of the sector.

Growth has now been recorded for six successive survey periods. Economists had forecast a marginal fall in the index to 54.5.

New orders expanded at the fastest pace since June 2007 and this encouraged companies to add jobs at the sharpest pace since August 2007.

Confidence among service providers hit a 14-month high in June, the survey found. Both input and output prices accelerated in June. Despite the increase, output price inflation was modest and was much below that of input costs.


Sergey Golubev
Moderator
114338
Sergey Golubev  

There was +59 pips based on 2 news events - see below

MetaTrader Trading Platform Screenshots

AUDUSD, M5, 2013.07.04

MetaQuotes Software Corp., MetaTrader 5, Demo

audusd 59 pips

AUDUSD, M5, 2013.07.04, MetaQuotes Software Corp., MetaTrader 5, Demo


Forum

Press review

newdigital, 2013.07.04 07:36

2013-07-04 01:30 GMT | [AUD - Building Permits]

If actual > forecast = good for currency (for AUD in our case)

===========

Australia Building Approvals Decline In May :

Australia's building approvals dropped in May compared with the previous month, the latest figures from the Australia Bureau of Statistics showed Wednesday.

Total number of dwelling units approved in May fell 1.1 percent from a month earlier on a seasonally adjusted basis. This followed a 9.5 percent month-on-month growth recorded in April. Economists had predicted a 1 percent fall.

The number of private residential units approved, meanwhile, increased 2.5 percent month-on-month.

On an annual basis, overall building consents dropped 3.2 percent in May, data showed.


Forum

Press review

newdigital, 2013.07.04 07:43

2013-07-04 02:30 GMT | [AUD - RBA Deputy Governor Lowe Speech]

"I would like to start with the first of these two ideas: that regulators should make sure that this type of financial instability never happens again.

This idea has motivated much of the reform effort. And it is entirely understandable."


Sergey Golubev
Moderator
114338
Sergey Golubev  

This is bank holiday for the US and the market may be very volatile for now. Just an example - look at GBP Halifax House Prices with +20 pips of movement :

MetaTrader Trading Platform Screenshots

GBPUSD, M1, 2013.07.04

MetaQuotes Software Corp., MetaTrader 5, Demo

gbpusd 20 pips

GBPUSD, M1, 2013.07.04, MetaQuotes Software Corp., MetaTrader 5, Demo


Forum

Press review

newdigital, 2013.07.04 09:28

This news event is new for me - I never knew about it and never traded it. I considered it as low impacted news event and I ignored this one sorry ... may be - I was not right in this case ... but you know - the bank holiday for USD news event for today and because of that - the market may be re-acted on low impacted news being very volatile with lack of liquidity for example.

2013-07-04 07:00 GMT | [GBP - Halifax House Prices MoM]

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

Halifax House Price Index

The Halifax House Price Index is the UK's longest running monthly house price series with data covering the whole country going back to January 1983.

The annual rate is at its highest for nearly three years.

Prices in the three months to June were 3.7% higher than in the same three months a year earlier. This was the biggest increase in this annual measure since August 2010 (4.6%).

House prices increased by 0.6% in June. This was the fifth consecutive monthly rise.

 Commenting, Martin Ellis, housing economist, said:

"House prices continue to rise steadily. Prices in the three months to June were 2.1% higher than in the previous quarter, edging above the 1-2% range recorded throughout the first five months of the year. The annual rate is at its highest for nearly three years with prices in the three months to June 3.7% higher than in the same three months last year.

"Activity has also improved in recent months. Both home sales and mortgage approvals for house purchase – a leading indicator of sales – increased in May.

"Improved confidence in both the housing market and the economy, combined with a shortage of properties available for sale, appear to be pushing up house prices. The Funding for Lending Scheme is also likely to be boosting the market by helping to reduce mortgage rates. There are also early indications that the Help to Buy: equity loan scheme may be stimulating demand. Despite these signs of improvement in the market, the still subdued economic background and weak income growth are expected to remain significant constraints on housing demand and activity during the second half of 2013."


Sergey Golubev
Moderator
114338
Sergey Golubev  

2013-07-04 11:00 GMT | [GBP - BoE Interest Rate Decision]

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

MetaTrader Trading Platform Screenshots

GBPUSD, M1, 2013.07.04

MetaQuotes Software Corp., MetaTrader 5, Demo

gbpusd 181 pips

GBPUSD, M1, 2013.07.04, MetaQuotes Software Corp., MetaTrader 5, Demo


Sergey Golubev
Moderator
114338
Sergey Golubev  

This is breakdown for GBPUSD D1 is going for right now :

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GBPUSD, D1, 2013.07.05

MetaQuotes Software Corp., MetaTrader 5, Demo

gbpusd d1 breakdown

GBPUSD, D1, 2013.07.05, MetaQuotes Software Corp., MetaTrader 5, Demo


I am in profit for +102 pips now :

MetaTrader Trading Platform Screenshots

GBPUSD, M30, 2013.07.05

MetaQuotes Software Corp., MetaTrader 5, Demo

102 pips in profit

GBPUSD, M30, 2013.07.05, MetaQuotes Software Corp., MetaTrader 5, Demo