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How to Start with Metatrader 5 - page 38

Marie Mire-de-Vie
1668
Marie Mire-de-Vie  
newdigital:

That's right, youare not mistaken. 
As much of your data. 
Thank you for your regular data.
Sergey Golubev
Moderator
100224
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

newdigital, 2014.03.30 20:04

3 Ways to Combine Forex Indicators

Forex traders like to use different methods and tools to help them trade profitably. There are hundreds of technical indicators available to choose from; some of them work well and some of them only seem to work some of the time.

Often, traders like to combine indicators as doing so helps to provide more robust trading signals. By doing so, traders have more chance of making money. As well, filtering out trades helps to reduce commission costs overall. Here are three ways to combine forex indicators:

Volume and Breakout

Volume and breakout is a classic combination that traders use but unfortunately some brokers do not provide much in the way of volume data in forex markets.

Nevertheless, the combo works because breakouts often signal changes in trend and lead to long-term market moves.

Similarly, volume helps show direction as it indicates the move is “real” and not just a technical move. Combining the two greatly reduces the chance of whipsaws.

Moving Average and RSI

These two indicators work well as confirmation indicators in their own right and they can also be combined together for two different types of strategies.

Mean reversion strategies can benefit if the RSI is oversold or overbought. If the forex pair is a good way from its moving average, it also signals a return to the mean is likely so combining the two signals helps strengthen the trade.

In trending markets, RSI and the moving average can work in the opposite way. If a currency is overbought, and the moving average has just crossed over a slower MA, or if the price has crossed over the MA, then it’s a stronger signal to enter a trend following trade.

Either one can also be used as a filter against the other. For example, if RSI is overbought but there is no MA cross, then the trade signal can be annoyed.

Bollinger Band and Open Positions

Indicators can be combined with fundamental metrics too and this is sensible in forex markets.

Open position data or COT (Commitment of Traders) data, can be used to support or restrict technical signals.

As an example, let’s say that GBP/USD is riding high and has just climbed towards the top of its upper Bollinger Band. In some cases, this could be interpreted as a bullish sign but a look at the open position data suggests a one-sided situation that could limit any further move upwards.

In this example, open position data suggests that around 80% of open positions in GBP/USD are long positions. If this is the case, then there are very few bulls left in the market to buy. The situation is very one-sided and only a few short positions would be needed to make the currency drop back.

Thus when a currency hits a Bollinger Band and open position data suggests a one-sided market, there is a great potential for a reversal.

Sergey Golubev
Moderator
100224
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Frequently Asked Questions about the Signals service

Rosh, 2014.03.31 15:55

If your subscription didn't activated in the terminal you can cancel it and then your payment will be returned to your account.

But if you had activated subscription and then canceled it your payment will be transferred to provider account automatically.


Sergey Golubev
Moderator
100224
Sergey Golubev  

A Few Tips for First-Time Customers :

A proverbial wisdom often attributed to various famous people says: "He who makes no mistakes never makes anything." Unless you consider idleness itself a mistake, this statement is hard to argue with. But you can always analyze the past mistakes (your own and of others) to minimize the number of your future mistakes. We are going to attempt to review possible situations arising when executing jobs in the same-name service.

Sergey Golubev
Moderator
100224
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Gold is Reaching at 1270

newdigital, 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) :



Sergey Golubev
Moderator
100224
Sergey Golubev
Moderator
100224
Sergey Golubev  
Sergey Golubev
Moderator
100224
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

How to Start with Metatrader 5

newdigital, 2013.07.24 10:00

I just want to remind about how to insert the images to the post - read this small article

=========

MQL5.community - User Memo :

2. Messages Editor

All your texts in Forum, Articles and Code Base are edited in a single environment with a convenient and easy-to-use interface. Let us take a look at its capabilities.

  • You can switch between the visual and HTML text representations by clicking the HTML button. This button changes its name to VISUAL while viewing the HTML, and it returns you to the visual view of the text. This function allows you to make your text most structured and formalized.
  • The drop-down list where you can select one of the three languages ​​in which your message will be automatically translated by the Google Translate service.

    Automatic translation of a message

  • The Undo (Ctrl+Z) and Redo (Ctrl+Y) buttons are intended for canceling the last action and redoing the last canceled action, respectively.
  • The Bulleted list button is intended to make a bulleted list. (Every item in the list starts with a bullet.)
  • The Numbered list button is intended to make a numerical list. (Every item in the list has an index number.)
  • The Increase Indent button is intended to decrease the rank of the element in the list.
  • The Decrease Indent button is intended to increase the rank of the element in the list.
  • The Horizontal Line button (Ctrl+H) is intended for inserting a horizontal line into text.
  • The Link button (Ctrl+Alt+L) is used for adding links into messages. The Link window appears as soon as you click this button (shown next).

    Insert hyperlink

    In the Link field, you should specify the address of the link and then click the Insert button.

  • The Image button (Ctrl+Alt+I) is used for inserting pictures into messages. The Image window appears as soon as you click the button (shown next).

    Insert image

    In the Upload image field, you should specify the picture file. To do it, click the Browse button that opens the standard window to choose files. Select the necessary file and click the Insert button to confirm the choice, or click the Cancel button to end without uploading a file. In the Title field, you can specify the comment that will be displayed as a pop-up help if you move the mouse cursor over the picture.

    In HTML mode, it is prohibited to insert external links to images (HTML tag "src"). It is also prohibited to insert text, containing such images.

    When you try to save text that contains external links to images, such links will be automatically deleted. This is done to ensure safety of MQL5.community members.


Marie Mire-de-Vie
1668
Marie Mire-de-Vie  
newdigital:


Hello Sergey,

"The Link button (Ctrl+Alt+L) is used for adding links into messages. The window of the same title appears, as soon as you press this button."

I did not pay attention to this feature. I used the Ctrl C and Ctrl V method to insert my address. 

Thanx !

Marie. 

Sergey Golubev
Moderator
100224
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Video tutorial: MetaTrader Signals Service

Rosh, 2014.04.09 09:04

Other way to Subscribe to a signal even the tabs Signals absent in your terminal - subscription directly on the site.