Trade
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The GAPs script is designed to collect statistics on price gaps on currency pairs, which are formed at the opening of trading on Monday. The GAPs script uses all available downloaded history for a currency pair and displays the following information on the price chart: the total number of history bars processed; the number of gaps from Friday to Monday; the maximum, minimum and average size of gaps; the number of bearish and bullish gaps; the number of hits in the 20%, 40%, 60%, 80% and 100% from the maximum gap. In addition, the GAPs script records data on all gaps (the date of the gap and its range), which is written in the file gaps.csv, located in the folder \ terminal MetaTrader4\MQL4\Files\. The file can be opened in...
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The strategy Fractals S&R with Double Bands is a profitable trading strategy designed to trade on the rebound from levels. It is based on the use of fractal support and resistance levels in combination with two Bollinger Bands. Apart from the usual currency pairs trading, Fractals S&R with Double Bands strategy is also suitable for binary options trading. Input parameters Currency pairs: major currency pairs, indices, gold, bitcoin, oil Time frame: M1 or higher, for binary options expiration time: 1-3 candles Trading time: any Risk management: after calculating stop-loss, select such a volume of lot, that the risk was not more than 2-5% of the deposit per trade. Used indicators Bollinger Bands (period...
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The Extended Regression StopAndReverse indicator is based on some popular and very useful programs, scripts and Expert Advisors. When started, the Extended Regression StopAndReverse indicator automatically detects the timeframe, calculates two types of regression on the current timeframe and calculates the RMS price deviation on that range. First of all, we need a straight golden line - a first-degree regression line showing the direction and state of the current true trend on the selected timeframe. It is clear that the greater the angle with the horizontal, the stronger the trend. Thus, we can draw some conclusions regarding the state of the currency pair on the basis of the current price position relatively to the regression line. For example, in the most general case if the ray is ascending and...
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EasySupplyDemand levels indicator uses ATR volatility indicator values to plot support and resistance zones on the price chart of a currency pair. In addition, the EasySupplyDemand indicator displays recommended levels of entry into the trade, based on the rebound from the support and resistance zones, as well as stop-loss (red line) and take-profit (green line) order levels. When you put the cursor on the line, a tooltip appears explaining what kind of line it is. Note, to eliminate confusion, the lines are grouped and each group has its own number. Of course, the EasySupplyDemand indicator can be used as a source of trading signals, but in this case erroneous entries are inevitable. We recommend to filter indicator signals with the...
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The trend trading strategy Easy system is a simple trading system based on the NonLagDot indicator with filtered signals by moving averages. Trading is done with the help of pending orders. You can discuss the strategy and ask questions to its author in this thread at forexfactory.com. Input parameters Currency pairs: GBP/USD, EUR/JPY, USD/JPY, USD/CAD, AUD/JPY, CAD/JPY, AUD/USD, EUR/AUD Time frame: M15 Trading time: Asia and London recommended Risk management: after calculation of stop loss, choose such a volume of lot, that the risk should not exceed 2-5% of deposit per trade. Setting up the price chart Unpack the archive. Copy the template to the templates folder. Copy the indicators to the folder MQL4 -> indicators. Restart the terminal. Open...
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The S-RoC indicator is a Smoothed Rate of Change indicator. Its principle is described in Alexander Elder's book "How to Play and Win at the Stock Exchange". The S-RoC indicator calculates the exponential moving average EMA by Close prices and then determines its change rate. The results are displayed in the basement of the chart as a continuous line oscillating along the zero level. As we are dealing with oscillator, the rules for trading with oscillators can be applied to S-RoC indicator: if the indicator, being below zero line, turns up from a trough - buy; if the indicator, being above zero line, turns down from a peak - sell; divergence...
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Indicators using the Fibonacci sequence have long been popular among traders. However, many traders, especially beginners, have problems when plotting these indicators on a price chart. The Scale Fibonacci Arcs script is designed to solve these problems for the Fibonacci Arcs indicator in the MetaTrader 5 terminal. When you apply the script to a chart, it independently sets the correct scale of Fibonacci Arcs installed on the chart. Scale Fibonacci Arcs script is easy to use and, without any doubt, will simplify the use of Fibonacci Arcs in trading, making it more profitable. Download Scale Fibonacci Arcs script Other trading indicators for MetaTrader 5
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Stochastic Cyber Cycle indicator is a modification of Stochastic for MetaTrader 5 trading terminal, which eliminated its main drawback. Since the standard Stochastic indicator uses a fixed calculation period and does not adjust to the constantly changing market cycle length, it may not react to changes in cycles or volatility exhibited by the markets. In the Stochastic Cyber Cycle indicator the values are calculated not from the price series, but from the values of custom Cyber Cycle indicator, which allows to eliminate the disadvantage of the classical oscillator and adapt to the current market volatility. The Stochastic Cyber Cycle indicator is used in trading on the same principles as standard Stochastic or RSI indicators. Download the indicator...
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The Moving Average Envelopes indicator is a modification of the standard Envelopes indicator for the MetaTrader 5 terminal. The indicator plots a channel on the price chart of a currency pair, consisting of moving averages, which are shifted up and down relative to the central moving average. In the settings of Moving Average Envelopes indicator you can set the method of calculation of moving averages, its type, period, offset, as well as the timeframe, from which indicators will be displayed. How to trade using Moving Average Envelopes indicator Aggressive method: entering the market in case of price crossing the blue line Classical method: entering the market in case of price crossing the yellow line When the red line is crossed and the price returns, you can open positions on...
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News reader is an information tool, whose author is mladen, along with its simplicity, has many useful options and functions, and differs favorably from its counterparts. The options of the News reader indicator are setting the number of displayed events (not specified in the parameters, but for practical reasons it is limited to a minimum of 7 and a maximum of 40); duration of display in the list of events; settings of warnings (warnings will not start over and over again when the time interval or symbol changes or when restarting the terminal); settings for colors and lines and display "flags". Working with the News reader indicator is intuitive. All actions can be performed using the buttons available in the indicator...
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123 Pattern Day Trader strategy is a profitable breakout system based on the Price Action 1-2-3 chart pattern and trend filtration. Input parameters Currency pairs: major currency pairs with low spreads Time frame: М5 - М30 Trading time: any Risk-management: choose such a volume of the lot, that the risk was no more than 2-5% of the deposit for one transaction Used indicators Day signal arrow Day open line Day signal ultra filter trend Day bar (ADX 14 period and Parabolic Sar 0.2 -0.02) Day look (12, 26, 9) Day explosion multitimeframe (for M5 set 15 min, for M15 set 30 min, for M30 set 60, sensitive 150...
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Indicator moving average, despite its shortcomings, is still one of the most popular trading strategies. iUniMA indicator is a unique opportunity for the trader to build on the chart any moving average available in the terminal MT 5. Indicator iUniMA allows to build the following types of moving averages: Simple; Exponential; Smoothed; Linear Weighted; AMA (Adaptive Moving Average); DEMA (Double Exponential Moving Average); FRAMA (Fractal Adaptive Moving Average); TEMA (Triple Exponential Moving Average); VIDYA (Variable Index DYnamic Average). In addition, when you put the cursor on the indicator line, the MA name, period, price type and other additional parameters are displayed, if they are used. Download the iUniMA indicator...
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The Shooting Stars indicator is designed to search for "Shooting Star" and "Hanging Man" candlestick patterns on the chart of currency pairs. In addition, the Shooting Stars indicator has a number of additional functions: after determining the pattern, the indicator shows a confirmation signal; it shows 5 unidirectional (bullish/bearish) candlesticks; adjust the number of bars on which the indicator graphic elements will be drawn (value 0 = all available bars); change the size of graphic elements; disable the alert and unnecessary graphic elements. The Shooting Stars candlestick pattern indicator can be used on any currency pairs and timeframes. However, we recommend using the indicator on timeframes H4 and above - signals about the appearance of candlestick patterns will appear less frequently, but their...
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Geo Crossover Signal trading strategy is based on the principle of entering the market at the price reversal points. The strategy is based on a combination of trend indicators and a complex of quantum indicators. Despite the fact that the streak indicator can overdraw, the applied system of filters makes the strategy's signals rather reliable and effective. Input parameters Currency pairs: any Timeframe: M5 and higher Trade time: any Risk management: choose such a volume of a lot, that the risk should not exceed 2-5% of the deposit per trade Used indicators Geo crossover signal (fast signal 21, mode 10, slowMA 34,10) Target bands length (55) Bands deviation (2.5) GHL period (13) Deep Bar Indicator (20.1) Price chart settings...
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The Zerolag Tema Bars indicator is a version of the popular indicator by mladen for the MetaTrader 5 terminal. Zerolag Tema Bars indicator adds some new features that were not available in MetaTrader 4 version. The indicator implements Heiken Ashi equivalents of regular prices, and adds one more extra to have the same values as the original indicator: Heiken Ashi average, which is calculated as (ha open+ha close+ha high+ha low)/4. In the Zerolag Tema Bars indicator the MTF mode is implemented, the system of alerts, the setting of display by bars or candlesticks, as well as the line visibility. Download Zerolag Tema Bars indicator Other popular trading indicators for MetaTrader 5
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Kwan NRP indicator is a modification of the well-known and quite popular Kwan indicator, which, thanks to the user of the forexsystemsru.com forum with the nickname Crossluck, has eliminated the overripping. Using Kwan NRP indicator in trading is very simple - the signal to enter is a change of color of the oscillator line. Kwan NRP indicator without "repricing" is almost no lag, which makes it a very effective tool for any trading strategy. Download Kwan NRP Indicator Other popular trading indicators
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MBMCD indicator is an oscillator and is an alternative to the popular MACD indicator. The MBMCD indicator uses the same principle as the MACD - the convergence-divergence of moving averages. However, unlike MACD it uses the mabyma principle - moving average based on another moving average. The main advantage of the approach implemented in the MBMCD indicator is that the signal on the change of the trend according to mabyma principle is much better than signal systems based on moving averages crossovers. In this regard, the MBMCD indicator is more effective than its counterpart MACD, and its use in strategies will increase the accuracy of trading signals. Download MBMCD indicator Other popular indicators
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Trillion FX Strategy is designed for intraday trading and swing trading and is based on arrow indicator signals with additional filters. The strategy uses arrow indicator Platinum as a source of signals, however, it can be replaced with another arrow indicator on the trend principle. Input parameters Currency pairs: base Time frame: M15 and higher (M30 and H1 are recommended) Trading time: any Risk management: select such a volume of a lot, that the risk should not exceed 2-5% of the deposit for one trade Used indicators Time left Trillion MA Trillion line Simple moving average 3 period (close) Platinum SSL bar Trillion 3 TrillionSignal Price chart settings Unpack archive...
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This publication is a continuation of the previously published article Digital Signal Processing for Trading Strategy. In the previously published article it was noted: A quote signal on the average consists of many rhythms with different periods and scales (amplitudes) superimposed on each other, at that rhythms are not constant - they appear and disappear in the course of their evolution in time, with the possibility to separate these rhythms from each other and according to their correlation to each other, You can make trade decisions, i.e. form trade signals. To divide (stratify) a complex quote signal into simpler components (rhythms with different periods and different amplitude spreads) you can use digital filters, for example, digital filters...
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Fibo Box indicator is another variation on the theme of building a grid of Fibonacci extensions. The Fibo Box indicator builds Fibonacci levels on a given number of bars. At the same time, the zones between the levels are colored by the indicator in different colors. As we have mentioned before, Fibonacci indicators are very popular among traders and they will not lose their popularity. That is why any modification of Fibonacci levels is always of great interest. Undoubtedly, the Fibo Box indicator will also find its target audience, increasing the efficiency of any trading strategy. Download Fibo Box Indicator Other popular trading indicators
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