Daniel Stein / Profil

Probably the easiest trading approach ever! 👍

Valuable information for every trader...

FX POWER 3.93 is now available

The new version provides a new alert option: "at last closed candle".
This option reduces the number of alerts because it triggers alerts only on confirmed signals of the last close candle.
Depending on your chart time frame, you get more or fewer alerts.
If you need real-time alerts, we recommend using the "at current candle" alert option.

We hope you'll enjoy the new feature.

All the best and happy trading
Daniel

ATTENTION GOLD TRADERS

Since version 3.0 FX VOLUME provides an in-depth real trading volume analysis on GOLD as well.

Get more information at https://t.me/SI_FX_Volume/39

Please click to enlarge the picture below

Trading has never been easier...

GET FX Volume and enjoy it every single day 🤩

The ultimate trading tool is getting better and better.

‼️FX Volume 3.49 is now available ‼️

This update contains the following changes:

- New Alert options based on Long and Short Volume
- New Alert filters based on the dominance of one side, i.e. if Volume Long is bigger than Volume Short, you'll get only alerts for the Volume Long side
- Improved communication with the new SI Connect 2.x
- Optimized settings managements

and these changes are related to the strategy tester usage

- Fixed current candle update bug
- Added parameter to start with a focus on chart currencies
- Improved backtest performance

Get more information about FX Volume at https://t.me/SI_FX_Volume

Dear cicas65, thanks a lot for your awesome feedback. 😀👍

⭐️FX Volume 3.33 is now available. ⭐️

Due to internal refactoring, it has been possible to drastically increase the speed of FX Volume in the strategy tester.

Apart from that, we made some improvements in handling graphical objects when using several instances in one chart to avoid possible flickering issues.

Get version 3.33 of FX Volume and enjoy the latest improvements.

You'll find more details about FX Volume and all previous improvements at https://www.mql5.com/en/market/product/14987#!tab=updates

Thanks for your great feedback Safari 👍

⭐️FX Volume 3.27 is now available ⭐️

Besides various minor fixes and improvements, we made a few specific improvements when using FX Volume inside an EA and in the strategy tester like:

- Improve behaviour when called from iCustom
- Improved data processing (all modes)
- Fix minor display bugs while using the visual mode
- Disabled alerts in tester mode

You'll find more details about FX Volume and all previous improvements at https://www.mql5.com/en/market/product/14987#!tab=updates

Dear Alex, thanks a lot for sharing your long-term experience. 👍
All the best and happy trading
Daniel

I have to revise my previous analysis because I missed one important detail when watching on the FX Volume panels. The fact that the USD long positions dropped during the Asian session and this dynamic continued with the London opening.

So why does this cause such a spike?

If you want to close a long position in Forex you have cover it with an opposite short trade.
As retail trader you just click close but your broker has to cover this position to be net flat.
That's why a reduction of USD Long Volume results in USD short positions and this pushes the USD counterparts in the opposite direction.

I hope this helps to understand what's going on right now.

Nonetheless, I stick to my opinion to trade rising total volume because it provides the smoother trade experience, as seen yesterday.

All the best and happy trading
Daniel

Good morning everyone,

todays London premarket does not offer any dynamic at all as we can see in the 1H comparison of the screenshot below.

So we'll stay at the sideline and monitor what happens until there is some upcoming dynamic in the trading volume.

Knowing when staying at the sideline is as important as to know when its time to trade.

All the best and happy trading
Daniel

‼️ FX Volume 3.23 is now available ‼️

With this update, it's finally possible to combine different views AND comparison periods in just one chart.

In this way, you'll easily see if the short term volume is still dynamic and supporting the volume change of a higher period.
This offers an entirely new grade of precision because you now see exactly when to enter when to exit and if it's still worth to hold the position.

We hope you'll enjoy the new flexibility provided by FX Volume - a unique game-changer for retail Forex traders

Get yours at https://tinyurl.com/SI-TradingTools

This is a sneak preview of the next FX Volume update. 😊

More information will follow later today.

Scalping has never been easier than that. More details will follow in a separate article next week.

During today's Asian session there have been some significant changes in the USD, CAD and GBP trading volume BUT the close of positions mainly caused them to see in the dropping total volume in all three currencies.

What does that mean?
If the sentiment changes only by the close of positions, there is no further interest in these currencies, which is necessary for trend moves to continue.

In short:
Increasing volume = stable market/currency
Decreasing volume = unstable market/currency

That's at least my observation so far.