An extract from Wikipedia (translated from Russian): "A gap on a technical analysis chart is a significant difference between the close price of the previous time frame (chart element) and open price of the next one. It can be seen in the price chart as a "gap". On stock and commodities markets, the term "gap" is very often used when the closing price of the previous trading session does not match the opening price of the next trading day (thus forming a gap on a daily chart). Sometimes, a ga
Operation Modes In the first mode (the job parameter is equal to 0), the program works as a classical EA, i.e. it does not trade independently but it helps the trader by providing information on a detected buy or sell signal (or giving an alert and/or an email, which can be set optionally). In the second mode (job=1,2,3 or 4), the program opens and closes trades in accordance with the user-defined settings, in other words, it acts as a trading robot. Trading Strategy Characteristics Often,
The indicator calculates critical price levels. If the level is red, the price has passed it downwards; if the level is blue, the price has passed it upwards. If the price is approaching the blue level from below, that level will most probably be broken through. If the price is approaching it from above, there will most probably be a rollback. Similarly, if the price is approaching the red level from above, the level will most probably be broken through. If the price is approaching it from below
The EA performs trade operations of closing position groups. Positions are grouped by type. It is possible to select orders by the profit (loss) value. It is possible to form the closure groups manually. You can set a value for automatic closure of a positions group after reaching a certain profit/loss level or price level. The additional functions of the EA are called using the hot keys: SHIFT+A - show/hide Auto exit options. SHIFT+S - show/hide Settings panel. SHIFT+V - sound ON
Reasonable Trader is a mullticurrency Expert Advisor. It is neither martingale, nor grid. The product works with 5 and 4 decimal places in a quote. Real account monitoring: https://www.mql5.com/en/signals/29928 Demo account monitoring: https://www.mql5.com/en/signals/30047 Used Indicators: Moving Average of Oscillator Stochastic Oscillator Moving Average The filter based on "Elder impulse system" The Expert Advisor's Functionality: The parameters are adjusted automatically
This is a simple, easy to use and effective indicator. The strategy is suitable for everyone, even for beginners. The input parameters are optimized for M15, M30 and H1. START BUY / START SELL - input to Buy / input to Sell PROFIT 1 - basic earnings PROFIT 2 - average profit PROFIT 3 - big profit STOP LOSS - setting stop loss Input Parameters InpBluePeriod - blue averaging period InpBlueShift - blue line shift relative to the price chart InpRedPeriod - red averaging period InpRed
This indicator displays candlesticks of another symbol (any symbol specified in the parameters) in the chart. It helps you to visualize the divergence between the current and selected instrument. The indicator begins the calculation from the date specified in the settings, which is considered to be the zero point from which the chart of the second symbol will be plotted (taking into account the points passed). The zero point can be changed directly on the chart, by simply moving it to the nece
CE oscillator for FME indicator MT4 is a version of the CE oscillator tailored for use together with the Forecast Moving average and Emission MT4 (FME) trend indicator. Input is formed by the FME data alone. Two indicators are brought together as a single trading system using identical settings of the main parameters (see screenshots of the parameter windows). Additional parameters: err - round-off error of the Energy parameter value. It decreases the Energy line "contact noise" when it is n
The Forecast Moving average and Emission MT4 (FME) indicator calculates four lines. Forecast is the price forecast with horizon 5. Fast moving average - fast moving average with the averaging period FastPeriod. Slow moving average - slow moving averaging with the averaging period SlowPeriod Emission - adaptive emission line. The idea of plotting this line was inspired by Sergey Pavlov's article "Drawing Indicator's Emissions in MQL5". The line is automatically rearranged depending on the
CE (Cumulative Energy) Oscillator transforms the input data time series into cumulative lines. The indicator also has the built-in energy indicator. Two moving averages are used for market entry. Users can specify the calculation period for each line in the parameter settings. Err - rounding error value for Energy line. ArrowShow displays the arrows showing the current direction of the indicator lines. DraeHistogram specifies representation of the cumulative lines as a histogram from the ze
This indicator is suitable for seeing trends and determining the time to open a position. It is equipped with a Stop Loss position. Easy to use. Just watch the arrows provided. Indicator parameters Shift - the number of bars used for the indicator shift to Right. Shift_SL - the number of bars used for the indicator shift SL line to Right Aperture - the number of bars used for Aperture Step - the number of pips for down or Up trend lines Dinamic - if 'true' is step calcuulate
The indicator has been developed to enhance the features of Argo AO basic. However, according to the Market rules, "all indicators that are necessary for operation should be included in the product's resources". Therefore, I have had to modify it to let the product become an independent tool, though it has limited capabilities without "Argo AO basic". The indicator simplifies the wave labeling. Two labeling versions are provided (while only case #1 is viable with conventional АО). The beginn
This tool was inspired by a low period MA (3-9) crossover and standard deviation channel breakout frequently used in different strategies as entry signals (signals of the wave end or start). This indicator uses the change of a candlestick (bar) color to the opposite one as such signal. Scaling is done automatically depending on the number of visible bars. There is a possibility to enable the alert signal and a notification via email. The analysis of its performance has shown that it can indepen
Energy line is calculated similar to kinetic energy in physics: E = (mv^2)/2. Tick volumes (money stock) are used as mass, while price rate of change (ROC) is used as velocity. Energy direction (positive or negative) is defined by ROC direction. Chaikin Volatility (CHV) indicator is additionally used. Since the volatility starts increasing before the price actually moves, CHV notifies of the increased market activity in advance. Calculations result in the energy release, which usually occurs b
The concept of bands, or two lines that surround price, is that you will see overbought and oversold conditions. The proposed indicator has the ability to increase a smooth-effect in the bands Indicator. This indicator could play an important role in determining support and resistance. nPeriod input parameter determines number of Bars for Moving Above Bands calculation.
RoboTick is an aggressive math scalper. EA trades M15 period applying a universal strategy appropriate for each symbol. The Expert Advisor is a result of improvements in the earlier trading robot first edition. Improvements involved increasing profitability and reliability in real trading. The Expert Advisor works on all pairs. Editable input parameters. Maximum results are shown when trading two pairs simultaneously - EURUSD and USDCHF. In that case, buy and sell orders are balanced.
The indicator generates trading signals, by analyzing support/resistance lines and trend direction, as well as detecting and avoiding flat zones unsuitable for trading. It can be used in manual trading, as well as within EAs, with the latter being more advisable. To allow for use in the manual trading mode, the indicator features built-in functions for analysis of trend direction and trading signal generation. The information is output using on/off controlled Comment. The codes of the above-m
Pz Market Sentiment indicator evaluates the market sentiment using raw price action measurements. This indicator is a great trading confirmation, especially for price action traders, but it doesn't have trading implications by itself, because what the price is doing and the market sentiment are not always aligned. Using this indicator is truly a piece of cake: You can buy if the oscillator is green You can sell if the oscillator is red Recommended Tools The Pz Market Senti
The indicator identifies the direction and strength of the trend. Bearish trend areas are marked with red color, bullish areas are marked with blue color. A thin blue line indicates that a bearish trend is about to end, and it is necessary to prepare for a bullish one. The strongest signals are at the points when the filled areas start expanding. The indicator has only two parameters: period - period; offset - offset.The greater the period, the more accurate the trend identification,
The Expert Advisor works on EURUSD, H1. It has been backtested from 1999 to 2014, and it works on a real account. Not more than 1 position can be opened simultaneously. 8 deals are performed on the average per month. TP, SL and TS are used. N parameter is a trading account load in % (for USD account and the leverage of 1:100). It is recommended to load not more than 10% (the optimal value is 5%). The drawdowns are possible. Input parameters: TakeProfit - take profit in points. TrailingStop
The Expert Advisor trades EURUSD on М30 chart. It has been tested using data from 1999 to 2014. The Expert Advisor works on a real account, opening 1 position at a time. It uses TP, SL and TS, performing 8-10 deals a month. In the input data, N is the deposit load in % (for a USD account with leverage 1:100). I recommend to use the value of up to 5%, although the Expert Advisor will be functional at N=10 but will show big drawdown of up to 70%. Drawdown is possible in the course of operation. I
This indicator uses past market cycles to predict future price movements. The predictions are drawn as vertical lines on the right side of the chart where the market has not advanced to yet. A prediction will many times result in the type of candle (ex. bull or bear) and/or a reversal point (ex. bottom or top) forming at this exact time. The lines are drawn well in advance which makes this a unique indicator. Benefits The indicator does not repaint, move, or delete lines! It also does not l
The main purpose of the indicator development has been the allocation of basic market movement zones. I have allocated three basic and two additional zones. These are the working zone (where 90% of the market movement occurs), two assumed market reversal (BUY and SELL) ones and additional zones of containment during the rollback. Also, placing static and dynamic Fibo levels (extensions), as well as ability to apply indicators with different TF settings are provided. This indicator is not redrawn
This is a pattern detection indicator. It also draws Support and Resistance lines, depending on user settings. Main features: Draws Support and Resistance lines of the SRPeriod Detects four patterns including Pin bars, Engulfing bars, Pingulfing bars and 2 bar reversal patterns Includes the feature to enable/disable Support and Resistance lines Includes the feature to enable/disable detection of any of the specified patterns Includes the feature to enable/disable alerts Every candle pat
Forex Robot Based on MACD Divergence Forex Robot uses MACD divergence indicator. Currencies: EURUSD, GBPUSD, AUDUSD, USDCAD, EURGBP, EURJPY, GBPCHF and GBPCAD. It opens an order in the direction of the arrow. If the price goes against our position and divergence appears again on MACD indicator, robot will open one more order. The robot will close all positions, if the total open interest reached a profit target. The following list illustrates optimal RiskRatio values per AccountBalance: 5
How does Forex Grid "Eldorado" Expert Advisor work? Forex "Eldorado" Expert Advisor is based on FOREX Grid Strategy. Forex Grid Strategies were designed to reduce risk by making the success of a trade independent of the direction the market moves. Expert Advisors based on FOREX Grid strategies can be an effective approach provided the currency traded is not in a strong upward or downward trend (in which case Forex grid trading will not work well). Grid trading is a difficult strategy
i-BJF-SupResLines indicator draws support and resistance lines on the chart. Support levels are located below the market. Resistance levels are located above the market. You can use the indicator on 4-digit accounts and 5-digit accounts. Support and resistance levels match significant tops. Essentially every significant top is extended fractal with 2 periods: amount of bars prior to the top and amount of bars after the top. Indicator has the option (BarsBack) how many bars in the his
The script creates account summary report in a separate window. The report can be created for all deals and for deals on selected financial instruments. It is possible to specify a time interval of calculation and save report to an htm file. Script inputs report starting date - initial report generation date.symbols selection for report - select a method of choosing tools for a report generation.allSymbol - report is generated for deals performed on all symbols.onlyCurrentSymbol - report is
Forex Robot Based on Momentum Divergence Forex Robot uses Momentum divergence indicator. Currencies: EURUSD, GBPUSD, AUDUSD, USDCAD, EURGBP, EURJPY, GBPCHF and GBPCAD. It opens an order in the direction of the arrow. If the price goes against our position and divergence appears again on momentum indicator, robot will open one more order. The robot will close all positions, if the total open interest reached a profit target. The following list illustrates optimal RiskRatio values per Accoun
Summary of the Expert Advisor This EA will trade using standard MT4 indicators such as Moving Averages, MACD, RSI, Bollinger Bands, and so on. The EA was made so that these indicators can be mixed or matched so a number of possibilities can be traded with. Each indicator can be enabled or disabled and many settings are adjustable for each indicator. There are also other features included like multiple time frame capability and money management. As a result, many different trading strategies can
Scalping strategy that uses one order on EURUSD М15 (can also be applied to М5 and М1, but with different settings). The product has been tested on the entire history from 01.01.1999 to 01.02.2014. The robot is sensitive to spread. It should be used only on ECN accounts with spreads not exceeding 2 (5 digits). In the source data, N is a deposit load (for USD account currency and the leverage of 1:100). I recommend to use N=2.5 and not exceed it over 5 for comfortable trading. Input parameters:
This indicator allows you to trade based on the following signals: The green line goes up - we buy on the second bar; the green line breaks downwards - we close the buy position. The red line goes down - we sell on the second bar; the red line breaks upwards - we close the sell position.The indicator can be used for trading independently or as an additional filter. It shows good results on senior time frames from one hour and up. I use it in some Expert Advisors.
This indicator is developed based on the standard Accelerator Oscillator, enhanced with variables for changing the period of moving averages, which expands its functionality. The use of the indicator is similar to the standard iAC. It can be used for trading independently or as an additional filter. The indicator operates on lower time frames from 15 minutes and less or as an additional filter on senior time frames. I use it in some of my trading systems.
Description Fibo Levels is an indicator that automatically plots Fibonacci levels. The levels are calculated and plotted over a certain interval using the number of bars specified by the user. When the price achieve one of the target levels (23.6%, 38.2%, 50% or 61.8%) the indicator at the request of the user gives a sound signal and/or sends the message by e-mail. Example of the e-mail notification: Subject: Fibo Up Signal Message: Signal,H1 - Correction of EURUSD reached
A moving average is commonly used with time series data to smooth out short-term fluctuations and determine longer-term trends. The proposed indicator has an ability to increasing a smooth-effect. This indicator could play an important role in determining support and resistance. An input parameter nPeriod determines number of Bars for Moving AboveAverage calculation.
A very good HUD which can give following information about current currency chart: Current Candle Range in pips; Current Candle Body in pips; ATR value of any time-frame you want in pips; Spread in pips; GMT Time; Price (if the color is red, it means that the price is decreasing; green means increasing).You can change the HUD corner, color, font size, ATR Period, ATR timeframe and GMT Offset from Broker Server Time with following input variables provided: ATRTimeFrame - select a timef
Alex Profis is a fully automated Expert Advisor for Forex trading. The EA uses the strategy based on price levels' breakout. The main rule of the EA is to preserve and increase the account balance without large risks. Therefore, the EA is in the market for mere minutes, sometimes seconds per day. The best results are achieved on GBP/USD, EUR/USD, USD/JPY. The EA works on H1. The product requires a low-spread broker with accurate order execution. Real account monitoring: https://www.mql5.com/
A form of technical analysis based on the ideas that the market is geometric and cyclical in nature. A Gann Fan consists of a series of diagonal lines called Gann angles, of which there are nine. These angles are superimposed over a price chart to show a security's support and resistance levels. The resulting image is supposed to help technical analysts predict price changes. Although once drawn by hand, today Gann Fans can be drawn with software programs. This indicator draws Gan
This indicator implements the "Awesome Oscillator" operation principles and shows us the current market force situation. It uses the same trading principles but differs from АО in that it has three calculation methods: 1 - classical, 2 - classical without lag and 3 - calculation as a digital filter. Method #3 is the "fastest" one and is interpreted differently from the classical AO. The indicator also displays "classic divergence" and "reverse divergence". The line of the last "reverse divergenc
The Synchronized Charts script allows comparing bars of different symbols or different periods of the same symbol. Attach the script to a chart and move bars or change the scale, all opened chart will move synchronously with the current one. The bars on different charts aligned to the border according to their open time. Please be sure the relevant history datas have been downloaded before synchronize charts. The free demo version is: https://www.mql5.com/en/market/product/31242
Fibonacci SR Indicator This indicator creates support and resistance lines. This indicator is based on Fibonacci Retracement and Extension levels. It will consider many combinations of the Fibonacci levels and draw support/resistance lines based on these. This indicator uses tops and bottoms drawn by the ZigZag indicator in its calculations. The ZigZag can also be drawn on the chart, if necessary. The indicator considers many combinations of past reversal points and Fibonacci ratio levels, and
The Happy Buyer Expert Advisor trades intraday pending orders using a small number of trades and only two optimizable parameters. Lot - fixed lot value. FreeMarginPercent - percent of free margin for the calculation of lot size. If it is equal to 0, the fixed lot is used. DeltaTP – Take Profit value. DeltaSL - Stop Loss value. ShortTrade – short positions allowed (only for testing). Working symbol - EURUSD. Working time frame - M5. Historical data on D1 is required. Furthermore, you ne
The indicator allows traders to apply any symbol and timeframe chart to the current one (so that two or more charts are displayed in a single window). The applied chart can be shifted by time and price axes (auto or manual shift according to the settings). The indicator can also display open orders on selected pairs (open, stop loss and take profit levels). Settings Symbol_ = EURUSD - applied currency pair symbol. Period_ = 15 - timeframe; if = 0, the current chart's timeframe is used. C
This EA uses two main strategies on EURUSD: First strategy based on ATR/ iMACD indicators. Second strategy based on Bollinger bands, iMA and Divergence indicators.Other features: Spike trading on both strategies (customizable spike pips size). Auto trailing stop at the middle of the last candle (customizable StopLoss and Trailing Threshold).
GoilerEA Pro is based on ForexGoiler indicator algorithm. First of all, this Expert Advisor will be of interest for traders using this indicator in their activity. However, it can be used by anyone, as the trading algorithm is clear enough and can be mastered if necessary. GoilerEA Pro is a fully automated system. After you have configured and installed it in the terminal, you only need to keep an eye on its operation from time to time. ForexGoiler indicator code has been integrated to the Ex
This indicator forms a signal for opening a buy or sell order. It is based on the analysis of the situation at the crossing of two moving averages with different periods (set by the values of WavePeriod and AvgPeriod variables). The indicator is designed to be used on Н1 time frame. It can also work on higher and lower time frames, in which case it is advisable to run the optimization and use the more appropriate values of WavePeriod and AvgPeriod variables, rather than 10 and 21, respectively,
Expert Advisor Plan B4 is based on analyzing of price action. Positions are closed when opposite signals appear. Input Parameters Period - number of bars to be analyzed; Mode - operation mode of the Expert Advisor (0-11); Fixed Lot - fixed lot value; Variable Lot - variable lot as a percentage of the free margin.The screenshots demonstrate the backtesting results. The Expert Advisor was tested on EURUSD M30 in the "Every tick" mode from 07.01.2013 to 08.02.2014. The Expert Advisor was
MetaTrader 4 Wolfe Wave Indicator draws Wolfe Wave in fully automated mode. Benefits We do not use ZigZag and work with fractals. Our indicator can recognize all Wolfe Wave patterns on specified time range. So we check every top for potential 1,2,3,4,5 points not only ZigZag tops. Indicator has a lot of adjustable parameters.
George’s Trend is an Expert Advisor that follows trend following logic. It was designed with the old trader’s axiom "The Trend is Your Friend". The name "George’s Trend" arose from the fact that a MetaTrader Expert Advisor is essentially a trading robot and I decided to personalize the robot I was designing by giving him the name George. George does not wish to be in the markets at all times. His mission is to locate when a trend is occurring in the market’s direction and follow it for a
Expert Advisor Pipsburger 4 is based on analyzing the price action. Positions are closed when opposite signals appear. Input Parameters Period - number of bars to be analyzed; Lifetime - minimum time of the position life in bars; Mode - operation mode of the Expert Advisor (0-80); Fixed Lot - fixed lot value; Variable Lot - variable lot as a percentage of the free margin.The screenshots demonstrate the backtesting results. The Expert Advisor was tested on EURUSD M30 in the "Every tick"
A script for opening a grid of orders If you need to quickly open several pending orders (Buy Limit, Sell Limit, Buy Stop, Sell Stop) on a certain distance from the current price, this script will do all the routine for you! Allow AutoTrading before running the script. Usage: Run the script on a chart. Input Parameters: Language of messages displayed (EN, RU) - language of the output messages (English, Russian). Price for open - open price. If set to 0, the orders will be p
The Get_PA Expert Advisor trades using the Price Action patterns (pin bar and outside bar). Parameters of the Expert Advisor: slippage - the maximum slippage in points for deal opening or closing. magic - the magi number to identify deal. lot - volume per deal. profit - take profit in points (0 - disabled). loss - stop loss in points (0 - disabled). trail - trailing in points (0 - disabled). pivot_sell - the price level, above which the EA will sell. pivot_buy - the price level, below
Two in one - Roly Poly plus Ilan! The two most popular strategy with the elements of martingale are combined in one Expert Advisor and can operate together or separately. The parallel trading of these two strategies can significantly improve profitability and reduce risks in general due to the mutual hedging between the strategies. Each of the two strategies performs well in certain market conditions, allowing to use the best of a variety of market conditions and to significantly reduce the ris
Logarithmic Network - cm-hourglass Expert Advisor The Expert Advisor places orders with a decreasing lot and step in the direction of the trend and with an increasing lot and step in the counter-trend direction. It sets Take Profit for every direction to avoid breakeven of the entire series. The farthest order in the direction of the trend is closed with a farthest counter-order so as to get the positive total, thus pulling the entire network to the price without letting it expand. Parameters
WS Tik Size indicator evaluates the tick price action size and tick's directional movement simultaneously. WS Tik Size serves purpose of finding very accurate reversals from large institutional sized orders. The purpose is to maximize profits if in a position and exit on Large Tick size. The blue histogram represents the bullish impulse The red histogram represents the bearish impulse The Yellow Cross represents the current impulseThe trading implications are straightforward You can buy
This is an adaptive channel scalper using Donchian channel with dynamically changed period. The Expert Advisor works well with traditionally flat pairs: AUDNZD, EURCHF, EURGBP, AUDCAD, etc. Trading by time is provided in the Expert Advisor's settings. For example, you can trade only during Asian and American sessions. The product contains protection against an increased spread, which can expand during a rollover and news releases. Also, there is a protection against reducing the leverage on
This indicator is using classical indicators: Average Directional Movement Index from the higher TF (which you can set up using input parameter TimeFrame). Yellow line represents the Main Average Directional Index from the senior TF. Green line represents the Plus Directional Indicator (+DI) from the senior TF. Red line represents the Minus Directional Indicator (-DI) from the senior TF. Green histogram represents Up trend. Red histogram represents Down trend.
Features Simultaneous Multi-Signals, Multi-Symbols and Multi-Timeframes. Please message me for ALL settings. I am constantly seeking new signals and improving old ones to maintain and improve the edges in my updates to this EA Extraordinarily robust (wide range of settings produces positive results over long testing periods during optimizations and across different broker feeds and timeframes) Built-in anti-curve fitting features for extremely robust optimizations (Time Dilation te
Covers losing positions by identifying and closing winning positions. This assistant looks for the most loss-making position among all positions in the terminal. Further, by searching for other positions, it calculates a series of orders that can cover the loss and closes them. The series of orders can include any position. The maximum number of positions is specified in the settings of the Expert Advisor. You can test the Expert Advisor in the strategy tester and trade with our EAPADPRO too
MTF Moving Averages indicator with overbought and oversold zones. Two display options - as a line and as a histogram. A series of OBS (overbought and oversold) indicators - these are indicators that have been enhanced with overbought and oversold zones. Another feature of this indicator is that the lines of the indicators (when analyzing several indicators in a single window) are not redrawn relative to each other when scrolling the chart.
About the system: RUSH is an automated indicator-free system. The Expert Advisor starts trading in small orders in both directions at once. As the price moves, counter-orders are opened at a certain distance. Recommended minimum deposit: For Standard Forex accounts - 2,000 USD with the minimum lot of 0.01. For Mini Forex accounts - 200 USD with the minimum lot of 0.01. For Micro Forex accounts - 20 USD with the minimum lot of 0.01. Parameters: Lot = 0.1 - Lot for initial orders. Prof
The indicator allows determining the strength and direction of the trend precisely. The histogram displayed in a separate window shows changes of the slope of the regression line. A signal for entering a deal is crossing the zero line and/or a divergence. The indicator is also useful for wave analysis. Input Parameters: Period - period of calculation, 10 on default; Angle threshold - slope at which a flat is displayed, 6.0 on default (within the range from -6.0 to 6.0); Filter by vol