The Nasdaq is commonly misunderstood as a tech-heavy sort of index. However, it still holds the position of the world’s second-largest index, with more than 3700 public companies listed on its index. All trades are carried out electronically through dealers rather than in a physical location directly between traders. Nasdaq is the first all-electronic exchange,...
The post What Is the Nasdaq appeared first on Bullish Bears Trading: Stocks, Options & Futures + Free Stock Market Courses.
At this point in the global pandemic, I think we all have the itch to go travel again. COVID-19 nearly single-handedly shut down the global travel industry. Not since 2019 have we been able to fly freely to international destinations, and it may not be until 2022 or beyond when we can do so again....
The post What Are the Best Travel Stocks to Buy Right Now? appeared first on Bullish Bears Trading: Stocks, Options & Futures + Free Stock Market Courses.
Most anchored VWAP strategies are centered around swing trading. However, the strategies used on daily charts can also become major support or resistance for day traders. In this post, we’ll show you how to develop your edge with three anchored VWAP strategies and explain the theory behind the indicator.
The post Three Explosive Anchored VWAP Strategies + Explanation Video appeared first on - Tradingsim.
Most anchored VWAP strategies are centered around swing trading. However, the strategies used on daily charts can also become major support or resistance for day traders. In this post, we’ll show you how to develop your edge with three anchored VWAP strategies and explain the theory behind the indicator.
The post Three Explosive Anchored VWAP Strategies + Explanation Video appeared first on - Tradingsim.
Most anchored VWAP strategies are centered around swing trading. However, the strategies used on daily charts can also become major support or resistance for day traders. In this post, we’ll show you how to develop your edge with three anchored VWAP strategies and explain the theory behind the indicator.
The post Three Explosive Anchored VWAP Strategies + Explanation Video appeared first on - Tradingsim.
Most anchored VWAP strategies are centered around swing trading. However, the strategies used on daily charts can also become major support or resistance for day traders. In this post, we’ll show you how to develop your edge with three anchored VWAP strategies and explain the theory behind the indicator.
The post Three Explosive Anchored VWAP Strategies + Explanation Video appeared first on - Tradingsim.
Biotech Penny Stocks to Watch: Key Takeaways This week biotechs are moving on news and technical chart patterns you MUST know! Why I’m still watching one of last week’s picks that broke out to new 52-week highs. Learn one of my favorite strategies in my no-cost webinar happening tonight — reserve your seat below… Miss […]
The post Top Biotech Penny Stocks to Watch — September 1, 2021 appeared first on Timothy Sykes.
Top Penny Stocks to Watch: Key Takeaways Clean Vision Corp. is up on a patent filing and an article calling it “one of the most promising sustainable stocks to buy.” Cuba Beverage Company has all the makings of a classic pump. Metal Arts Co., Inc. spiked 630% on change of control news. Be grateful that […]
The post Top Penny Stocks to Watch for September 2021 appeared first on Timothy Sykes.
Top Stocks to Watch Today: Key Takeaways Why trading volatile stocks is the name of the game… A recently uplisted stock just soared over 350% — find out what’s driving the insane run in stock #1… See the two stocks I’m still watching from last week that continue to soar… SUBSCRIBE to my NO-COST weekly […]
The post Top Stocks to Watch Today: Thursday, September 2 appeared first on Timothy Sykes.
How To Avoid Being a Degenerate Trader: Key Takeaways Even multi-millionaire trader Jack Kellogg knows when it’s time to step away from the markets… 3 ancient Greek maxims that can help you trade better. (Learn more below) Developing good habits can make, or break, your trading career… Get Inside the Minds of 3 Millionaire Traders […]
The post How To Avoid Being a Degenerate Trader appeared first on Timothy Sykes.
Top Crypto Penny Stocks to Watch: Key Takeaways A penny stock company just opened a cryptocurrency hedge fund that’s not for small accounts (see stock #1 below). If you like trading breakouts, check out my trade plans for stocks #2, #4, and #5… PBTS just agreed to buy 5,600 mining machines — see what it […]
The post The Best Crypto Penny Stocks to Watch Now appeared first on Timothy Sykes.
StocksToTrade’s Labor Day Sale: Key Takeaways Traders must study hard — but they need the right tools, too… StocksToTrade makes it easy for traders to scan for plays that fit their criteria… STT’s Labor Day specials for new + existing subscribers — don’t miss these deals! Too many traders expect things to be easy in […]
The post Tools of the Trade: Don’t Miss STT’s Limited-Time Labor Day Sale! appeared first on Timothy Sykes.
15 Best Youtube Channels to Learn Indian Stock Market: With the boom of the internet, self-education has never been easier. Now, you can learn any skill that you crave by sitting on your couch and watching youtube videos. And that too for FREE. There are tons of information and resources available on youtube to learn […]
The post 15 Best Youtube Channels to Learn Indian Stock Market appeared first on Trade Brains.
Best Sectors for Long-term Investment in India: When you are investing in stocks for the long term, the first critical factor to check is the lifespan of the products/services offered by that company. The products should be in use for at least the next 10-15 years. The last thing you want is that people do […]
The post 5 Ultimate Sectors for Long-term Investment in India appeared first on Trade Brains.
One up on Wall Street Book Review and Summary: If you are just getting started with the stock market and want to read a book to understand the basics of investing / how the market works, then One up on Wall Street by Peter Lynch is unmissable. One up on wall street is one of the […]
The post Peter Lynch’s One up on Wall Street Book Review! appeared first on Trade Brains.
Ever since India opened up its economy in 1991 Indians throughout the country gained access to foreign products and services. This access however was not only limited to the products and services. With a rise in retail investors looking to take part in the stock market, there has been a significant interest to invest in […]
The post Indian vs International Stock Market – Things to Consider Before Investing Outside India appeared first on Trade Brains.
Whether or not the Canadian housing market crashes is a big concern for investors in Equitable Group (TSX:EQB), but should it be?
The post As Subprime Lending Soars, Will the Canadian Housing Market Finally Tank? appeared first on The Motley Fool Canada.
Here's why long-term investors simply can't go wrong buying and holding Couche-Tard stock for the coming two or three decades.
The post Why Couche-Tard Stock Could Be the Best Pick on the TSX Right Now appeared first on The Motley Fool Canada.
An increase in interest rates could lead to a crisis and impact the housing market. If you want exposure to the real estate sector, the Crombie stock and Timbercreek Financial stock are the alternatives to owning physical properties.
The post Looming Crisis: Will Mortgage Payments Double in 2022? appeared first on The Motley Fool Canada.
This year could be the breakout year for the BlackBerry stock. Investors should be optimistic about the growth prospects, given the numerous strategic partnerships with the private and public sectors.
The post 3 Reasons Your Patience Shouldn’t Run Out on BlackBerry (TSX:BB) appeared first on The Motley Fool Canada.
These three top TSX tech stocks are among the best technology companies in the market today, providing investors with great growth potential.
The post 3 Top TSX Tech Stocks to Buy in September 2021 appeared first on The Motley Fool Canada.
Barrick Gold stock could be an ideal hedge against a significant downturn in the stock market.
The post Market Volatility: 1 Top Gold Stock to Buy Right Now appeared first on The Motley Fool Canada.
CIBC stock has already doubled off the 2020 low. How high could the stock go?
The post Should You Buy CIBC Stock Right Now? appeared first on The Motley Fool Canada.
Want passive income? This cheap stock has a top dividend yield that Motley Fool investors can add to their portfolio for a very small price.
The post 1 Cheap Stock to Make $3,992 in Passive Income appeared first on The Motley Fool Canada.
These top TSX stocks look like good buys right now for a self-directed RRSP portfolio. Here's why.
The post 2 Top TSX Stocks for RRSP Investors appeared first on The Motley Fool Canada.
Scotiabank stock and Fortis stock are ideal buy-and-hold assets for TFSA investors looking to generate tax-free wealth growth.
The post 2 Buy-and-Hold Forever Dividend Stocks appeared first on The Motley Fool Canada.
After Jerome Powell’s comments following the Jackson Hole meetings in late August, the upcoming Augusts Jobs Report carries less weight than normal. Once the Federal Reserve announced it had little intention of tapering earlier than anticipated, the market moved higher as the primary fear had been set aside for now. Wednesday’s ADP report shows private […]
The post August Jobs Report: A Brighter Outlook on the Horizon? appeared first on NinjaTrader Blog.
At the beginning of today's European session, EUR / USD is trading near the 1.1870 level, and in general, the positive dynamics of the EUR / USD remains, due to the weakness of the dollar. In case of a breakdown of the resistance levels 1.1885, 1.1900, we can expect further growth towards the key resistance level 1.2065 (see also "Fundamental Analysis and Recommendations")
Its breakdown will return EUR / USD to the bull market zone with the prospect of its further growth to the resistance levels of 1.2180 (Fibonacci level of 50% of the upward correction in the wave of the pair's decline from the level of 1.3870, which began in May 2014, and the highs of 2018), 1.2260, 1.2340, 1.2450, 1.2500, 1.2580 (61.8% Fibonacci level), 1.2600.
In an alternative scenario and after the breakdown of the support levels 1.1830, 1.1803 EUR / USD will go deep into the descending channel on the daily chart, and the breakout of the support level 1.1780 (Fibonacci level 38.2%) will signal the resumption of the downward dynamics in EUR / USD.
Trading Recommendations
Sell Stop 1.1855. Stop-Loss 1.1905. Take-Profit 1.1830, 1.1809, 1.1803, 1.1780, 1.1710, 1.1665, 1.1625
Buy Stop 1.1905. Stop-Loss 1.1885. Take-Profit 1.1950, 1.2065, 1.2180, 1.2260, 1.2340, 1.2450, 1.2580, 1.2600
*) EUR/USD: Current Fundamental Analysis and Market Expectations
**) the most up-to-date "hot" analytics and trading recommendations (including entries into trades "by-the-market") - https://t.me/fxrealtrading
Supply and Demand Zone are the most important concept for your trading. Supply and Demand zone can be effectively combined with Harmonic Pattern Indicator to improve your trading performance. This is not about the number but about geometry. Your ability to combine these geometry together with Harmonic Pattern Indicator can typically form the secret trading recipes for your successful career. Here is the list of Supply and Demand Zone Indicator that can go together with your harmonic pattern indicator.
Mean Reversion Supply Demand
Classic supply and demand zone indicator. This tools is the great to produce highly accurate supply and demand zone.
https://www.mql5.com/en/market/product/16823
https://www.mql5.com/en/market/product/16851
https://algotrading-investment.com/portfolio-item/mean-reversion-supply-demand/
Ace Supply Demand Zone
This is also great supply and demand zone tool extending the ability of Mean Reversion Supply Demand. What is even better? This is non repainting one. This is the great tool for different level of trader.
https://www.mql5.com/en/market/product/40076
https://www.mql5.com/en/market/product/40075
https://algotrading-investment.com/portfolio-item/ace-supply-demand-zone/
Forex Technical Analysis + Prediction on 3 September 2021, check what is going on YouTube.
https://youtu.be/bcWGs6be-JQ
Access Free Market Prediction for Forex Trading from the following link. You can book mark this web page below for Forex trading and investing.
https://algotrading-investment.com/2020/10/23/price-prediction-for-day-trading/
You can download Free Market Prediction we used in this video from link below:
https://algotrading-investment.com/2021/09/02/how-to-use-market-prediction-for-forex-trading-for-free/
Or Download Market Prediction Tool directly from Google Drive (Free, No Installation, No Signup and Use Straight After Download)
https://drive.google.com/file/d/1hzM8FBCMW1ZcVeMhwLTV7TEFM65o3AKg/view?usp=sharing
Tutorial Using Excessive Momentum and Fibonacci Ratio Analysis
With Excessive Momentum Indicator, you can access to the automatic Fibonacci Ratio Analysis. Combining these two powerful trading system are the excellent ways to trade in Forex market. In this article, we will show you how to combine both with step by step guide.
When there is an unexpectedly long bearish and bullish price movement, the indicator will detect these excessive momentum area for your trading. This excessive momentum zone are often the true accumulation and distribution area in the Volume Spread Analysis. What does this mean for your trading ?This means that entry around this excessive momentum area can provide you the great advantage that favors your Reward and Risk for your trading whether they are breakout trading or reversal trading. The indicator provides such a great opportunity automatically.
In addition, Fibonacci retracement level can provide further idea about when the price can move according to our expectation. To call the Fibonacci retracement level automatically, simply click on the circle at the Excessive Momentum Zone. Then it will place the Fibonacci retracement level automatically in your chart. The thing is that the placed Fibonacci Retracement level might be too short in its width. Sometime, you want to project the Fibonacci Retracement level far right to see the price action around the retracement level. It is doable too.
To do so, double click on the Fibonacci retracement object in your chart. Then you will see the three anchor points in the retracement object. Drag the right anchor point to the right. You can drag them as far as you want to cover the chart area at your interest. Please check the screenshot attached to complete this tutorial.
Here is link to Excessive Momentum Indicator.
https://algotrading-investment.com/portfolio-item/excessive-momentum-indicator/
https://www.mql5.com/en/market/product/30641
https://www.mql5.com/en/market/product/30621
With Excessive Momentum indicator, you can use our Free Volume Spread Pattern Detector. Volume Spread Pattern Detector is a great free tool to complete your Volume Spread Analysis to detect Accumulation and Distribution. Or even you can use them to detect important support and resistance for your trading too. Here is the link to the free Volume Spread Pattern Detector.
https://www.mql5.com/en/market/product/28438
https://www.mql5.com/en/market/product/28439
https://algotrading-investment.com/portfolio-item/volume-spread-pattern-detector/
In addition, Volume Spread Pattern Indicator is the more advanced version of Volume Spread Pattern Detector. If you want to improve your trading performance even more, then we recommend using Volume Spread Pattern Indicator. This is not free indicator but it is affordable. Here is the link to the Advanced Volume Spread Analysis indicator.
https://www.mql5.com/en/market/product/32961
https://www.mql5.com/en/market/product/32960
https://algotrading-investment.com/portfolio-item/volume-spread-pattern-indicator/
Since December 2019, we have observed the loss of lives due to this COVID-19 pandemic. Apart from this, COVID-19 has severely demobilized the global economy. Many of the affected countries have undergone the complete lock down. Life after the COVID 19 is tough for the entire society. We never knew that this will last this long.
During this Covid19 pandemic, we hope everyone is safe and well from this Corona Virus Crisis. We know this affect the whole world. Hence, we provide 50 USD discounts on the six MetaTrader 4 and six MetaTrader 5 products.
Discounted price is shown in the screenshot for the following six products.
This discounted price is only available when you buy these products from mql5.com
The price will go back to the original price when the discounts ends. Please take the discounted price now while it last only.
https://www.mql5.com/en/users/financeengineer/seller#products
https://www.algotrading-investment.com/
Here are some simple tips for you to stay safe from this Covid19 Crysis.
into account.
✔️ Local Trade Copier EA MT4©: https://www.mql5.com/en/market/product/68950
✔️ Local Trade Copier EA MT5©: https://www.mql5.com/en/market/product/68951
✔️ Local Trade Copier EA MT4©: https://www.mql5.com/en/market/product/68950
✔️ Local Trade Copier EA MT5©: https://www.mql5.com/en/market/product/68951
If you are an experienced user, read the Quick Setup Guide right below, if you are an inexperienced user, read carefully the Full Local Trade Copier EA MT4/5 Installation Guide that follows.
1. Load/attach the Local Trade Copier EA MT4/5 onto a chart (any chart will do) and click the Allow live trading (or Allow Algo Trading in MT5) and Allow modification of Signals settings in the EA’s Common tab.
2. If you are going to use the Self Copier option in order to multiply the lot size of your signal subscription’s trades onto the same trading account, click the Inputs tab of the EA and in the first Account Mode setting, choose: Self Copier.
3. If you don’t want to multiply your signal subscription’s trades, but you simply want to copy your trades from one or more trading accounts to one or more trading accounts of yours between local MT4/5 terminals (on the same Windows computer or Windows VPS), simply choose the Transmitter or Receiver role for the trading account that you’ve loaded the Local Trade Copier EA MT4/5 onto, in the Account Mode field.
If the trading account that you’ve loaded the EA onto is the Transmitter account, you don’t need to put anything in the Transmitter Account Number field, but if this is the Receiver account you need to fill in the Transmitter Account Number in that field. If the Transmitter Accounts are more than one, you need to put their number in that field of the Receiver account settings, separated by commas. For example if your Receiver account will receive/copy trades from 2 Transmitter accounts, you should put their account numbers, separated by a comma: 123456,654321
4. In the Lot Size Management section you choose the way your copied trades will be copied onto your Receiver account. If you leave None in the Lot Size Type field, no copying/multiplying will take place.
If you choose Fixed Lot, your copied trades will have the same Fixed size lot size, entered below in the Fixed Lot Size field.
If you choose Multiplier, your copied trades will be multiplied in size by the number of times you will enter below in the Multiplier field. For example if you put 2 it means that the EA will copy a transmitter account trade onto a receiver account, with double the size of the original trade. So if the original trade in your transmitter account was 0.10 lots the copied trade onto the receiver account will be 0.20 lots. If you want a smaller 0.05 lot trade to be copied onto your receiver account you should put 0.5 in the Multiplier field.
If you choose Proportional, the lot size of your copied trades onto your receiver account(s), will have a proportional size to the receiver accounts’ balance. For example if your transmitter account is $2000, your receiver account is $4000 and a 0.10 lots trade is opened on the transmitter account, will be copied as a 0.20 lots trade onto the receiver.
5. If you leave the rest of the settings as they are, your copied trades opened by Local Trade Copier EA MT4/5 onto the receiver account(s), will be closed instantly when the original transmitter account(s) trades are closed. For more details on the Inputs/Settings of the EA, read the Settings/Inputs file carefully: https://www.mql5.com/en/blogs/post/745681
6. Then if you want to add the maximum protection for your receiver account(s), go to the Emergency Trade Management section and put the Use Emergency Account Protection to true and enter below the Equity level of your account, that you would like the Local Trade Copier EA MT4/5 to close all open trades and disable copying onto the receiver account, in order to save your trading account from any further losses. When you finish with this parameter, adjust any other settings you want and click OK.
7. If you are going to use the Self Copier option in order to multiply the lot size of your signal subscription’s trades onto the same trading account, open the MT4/5 >> Tools >> Options >> Signals tab, adjust the settings of your signal subscription and click OK.
8. At the end and only if you use the Self Copier option of the Local Trade Copier EA (the copying options between different MT4/5 terminals are not MQL5 VPS compatible), go to your MQL5 VPS at the Navigator window and right click >> Synchronize experts, indicators and signal and you are finished with your setup. You can check the MQL5 VPS >> (right click) Journal to see that everything was synchronized correctly.
WARNING: After you've synchronized your trading environment with your MQL5 VPS, you DO NOT NEED TO CLICK THE AUTO (ALGO) TRADING BUTTON AGAIN in your local MT4/5 terminal, because if you do, you will trade with your Expert Advisor twice and that is very dangerous!
Also you DO NOT TICK AGAIN the: Enable realtime signal subscription option in your local computer’s MT4/5 platform, because that way you will copy the signal twice and this is extremely dangerous!
A last thing you must know if you use the Self Copier option of the Local trade Copier EA is that every time you need to make an adjustment in either your Signal subscription or your Local Trade Copier EA MT4/5, you must tick the: Enable realtime signal subscription in your local terminal’s Signals tab and click the Auto (Algo) Trading button in your MT4/5 terminal with your Signal Multiplier EA MT4/5 attached to a chart with your desired settings and then synchronize/migrate with your MQL5 VPS once again, for these updated settings to take effect and start working in the virtual server.
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If you are an inexperienced user, read carefully the Full Local Trade Copier EA MT4/5 Installation Guide that follows.
In order to buy Local Trade Copier EA MT4/5 from MQL5.com Market you need to have a MQL5 community account. If you don’t have one, you can register here: https://www.mql5.com/en/auth_register
1. First make sure that you have the necessary funds required for your purchase in your MQL5 account, it's always easier to pay with your MQL5 balance, than using a credit card
during the buying procedure.
2. Find Local Trade Copier EA MT4/5 in the MQL5.com website and open its product page.
3. Click the Buy or Rent button to continue with your purchase.
4. Choose the payment method and click the green Next button to continue with your payment.
5. After your payment is completed, you will need to open your MT4/5 terminal in order to download and install your Local Trade Copier EA MT4/5.
6. When you open your MT4/5 terminal, you must make sure that you are logged into your MQL5 account with your MQL5 account login and NOT with your email, facebook or any other. For example my login is the last part of my profile url, in my case: eleanna74, the last part of: https://www.mql5.com/en/users/eleanna74
7. So, open the MT4/5 >> Tools >> Options >> Community tab and make sure you are logged in with your MQL5 account login.
8. Then go down in the Terminal window and click the Market tab (in the bottom right side of the Toolbox window in MT5). On the left side of the Market tab (upper side on the Market window in MT5), click the Purchased option and then click the blue Install button on the right side of the product you've just purchased.
9. After your Local Trade Copier EA MT4/5 is installed you may want to setup the email and push notifications of your MT4/5 terminal, in order to receive email and/or push notifications about your copied/multiplied trades opened by Local Trade Copier EA MT4/5 and/or daily notifications about your trading account’s basic details, such as balance, equity and margin levels. Also you will be able to receive emergency notifications if your account’s equity drops below the emergency notification equity drops below your pre-defined level.
10. So you open MT4/5 >> Tools >> Options >> Email tab and you fill in the necessary details for your email and server, in order to receive your email notifications. Below is an example of the details that are required and a list of the most popular email providers and their SMTP settings.
● In the SMTP server field you need to put your email provider’s SMTP address, you can see most of the popular providers below.
● In the SMTP login field you need to put your full email, for example: johnsmith@gmail.com
● In the SMTP password field, you need to put your email’s password.
● In the From and To fields, you need to put your full name a comma and then your email again, for example: John Smith, johnsmith@gmail.com
List of SMTP Mail Servers: https://domar.com/pages/smtp_pop3_server
Gmail: smtp.gmail.com:465
Outlook-Hotmail: smtp-mail.outlook.com:587
Yahoo: smtp.mail.yahoo.com:465
iCloud: smtp.mail.me.com:587
Mail.com: smtp.mail.com:465
Mail.ru: smtp.mail.ru:25
Zoho: smtp.zoho.com:465
Gmx.com: smtp.gmx.com:465
11. In order to set up your push notifications, open the MT4/5 >> Tools >> Options >> Notifications tab and fill in your mobile device’s or tablet’s MQL5 ID number, in order to receive your push notifications to those devices. You can find these MQL5 ID codes in your MT4/5 mobile app, if you click in Settings >> Messages.
You can also find your MQL5 IDs in your MQL5 account’s profile >> settings >> security.
If you choose to receive your transactions push notifications from the Local Trade Copier EA MT4/5 settings, you should not tick the Notify of Trade Transactions option because if you do you will receive your transactions notifications twice.
12. After you've finished setting up your notification details, you may want to put your Local Trade Copier EA MT4/5 to work. So, open any MT4/5 terminal and any chart of any symbol at any timeframe and then from the left side of your MT4/5 terminal, in the Navigator window, find your purchased Expert Advisor from within the Market options and drag it onto the chart (or double click it).
13. The Expert Advisor's settings window will open. In the MT4 terminal you click the Allowlive trading option and the Allow modification of Signals settings on the Common tab and click OK. In the MT5 terminal you tick the Allow modification of Signals settings and the Allow Algo Trading options and click OK.
14. If you are going to use the Self Copier option in order to multiply the lot size of your signal subscription’s trades onto the same trading account, click the Inputs tab of the Local Trade Copier EA and in the first Account Mode setting, choose: Self Copier.
15. If you don’t want to multiply your signal subscription’s trades, but you simply want to copy your trades from one or more trading accounts to one or more trading accounts of yours between local MT4/5 terminals (on the same Windows computer or Windows VPS), simply choose the Transmitter or Receiver role for the trading account that you’ve loaded the Local Trade Copier EA MT4/5 onto, in the Account Mode field.
If the trading account that you’ve loaded the EA onto is the Transmitter account, you don’t need to put anything in the Transmitter Account Number field, but if this is the Receiver account you need to fill in the Transmitter Account Number in that field. If the Transmitter Accounts are more than one, you need to put their number in that field of the Receiver account settings, separated by commas. For example if your Receiver account will receive/copy trades from 2 Transmitter accounts, you should put their account numbers, separated by a comma: 123456,654321
So, you need to attach and set up the Local Trade Copier EA on each and every MT4/5 terminal that you want to copy trades from and to, setting up in each terminal the role that the Local Trade Copier EA will play, as either a Transmitter or a Receiver.
16. In the Lot Size Management section you choose the way your copied trades will be copied onto your Receiver account.
If you leave None in the Lot Size Type field, no copying/multiplying will take place.
If you choose Fixed Lot, your copied trades will have the same Fixed size lot size, entered below in the Fixed Lot Size field.
If you choose Multiplier, your copied trades will be multiplied in size by the number of times you will enter below in the Multiplier field. For example if you put 2 it means that the EA will copy a transmitter account trade onto a receiver account, with double the size of the original trade. So if the original trade in your transmitter account was 0.10 lots the copied trade onto the receiver account will be 0.20 lots. If you want a smaller 0.05 lot trade to be copied onto your receiver account you should put 0.5 in the Multiplier field.
If you choose Proportional, the lot size of your copied trades onto your receiver account(s), will have a proportional size to the receiver accounts’ balance. For example if your transmitter account is $2000, your receiver account is $4000 and a 0.10 lots trade is opened on the transmitter account, will be copied as a 0.20 lots trade onto the receiver.
17. If you leave the rest of the settings as they are, your copied trades opened by Local Trade Copier EA MT4/5 onto the receiver account(s), will be closed instantly when the original transmitter account(s) trades are closed. For more details on the Inputs/Settings of the EA, read the Inputs file carefully: https://www.mql5.com/en/blogs/post/745681
18. Then if you want to add the maximum protection for your receiver account(s), go to the Emergency Trade Management section and put the Use Emergency Account Protection to true and enter below the Equity level of your account, that you would like the Local Trade Copier EA MT4/5 to close all open trades and disable copying onto the receiver account, in order to save your trading account from any further losses. When you finish with this parameter, adjust any other settings you want and click OK.
19. After you've closed the Expert Advisor's window, you will see that there is a sad face (or a red sign in MT5) on the top right of your chart. That means that your EA does not trade yet. You need to click the Auto (Algo) Trading button and instantly the sad face will smile (the red sign will turn green in MT5). Now your Local Trade Copier EA MT4/5 is working and you can see the trades of Transmitter account(s) being copied to Receiver account(s), according to your settings and requirements.
20. In order for the Local Trade Copier EA MT4/5 to monitor and copy/multiply your signal subscription’s copied trades, you need to set up your Signal’s subscription settings too. If you haven’t subscribed to your prefered signal yet, you can follow the following instructions in order to do so:
How to Subscribe to MQL5.com Signal
https://www.mql5.com/en/forum/189731 (MT4)
https://www.mql5.com/en/forum/336422 (MT5)
ATTENTION: Make sure that you don’t synchronize your signal subscription to your MQL5 VPS, unless you have set up Local Trade Copier EA MT4/5 too. That means that if you want your signal subscription and your Signal Multiplier EA MT4/5 to work together, you must synchronize/migrate them together to your MQL5 VPS. The procedure is described in the steps below.
21. Open the MT4/5 >> Tools >> Options >> Signals tab, adjust the settings of your signal subscription and click OK.
22. The only thing that remains to do is to make sure that you will not suffer any power or network disruptions and that can be accomplished by employing a MQL5 VPS (virtual private server), in order to have your Local Trade Copier EA MT4/5 trading on the cloud 24/7 around the clock.
23. If you haven't purchased yourself a virtual server for your trading account, you right click on your account number in the Navigator window and you choose >> Register a Virtual Server.
24. In the Virtual Hosting Wizard window that opens, you choose the plan that suits you and click the Next button.
25. Then you complete your payment. I suggest having the necessary funds available in your MQL5 account and use the MQL5 method of payment on the left.
26. After you've completed your MQL5 VPS purchase, you need to synchronize your trading environment with your virtual server. You right click on the MQL5 VPS in the Navigator window and choose >> Synchronize experts, indicators and signal, in order to synchronize both your Signal subscription’s settings and your Signal Multiplier EA MT4/5 to your MQL5 VPS.
27. After a few seconds, the smiling face of your Expert Advisor will turn sad again (and the green sign will turn red again in MT5) and the Auto (Algo) Trading button will be turned off. Also the: Enable realtime signal subscription option in the Signals settings will be unticked. That means that your trading environment was successfully synchronized with your MQL5 VPS.
28. In order to make sure that your synchronization was successful, you need to check the MQL5 VPS Journal logs. You right click on your MQL5 VPS in the Navigator window >> Journals.
29. In your MQL5 VPS's Journals logs, you need to look for the below message: 1 Chart, 1 EA, 0 custom indicators, signal enabled, last known ping to .... is ... ms.
30. That means that your Expert Advisor and your Signal Subscription were successfully synchronized/migrated and now trade in the cloud environment.
31. Now you can close your MT4/5 terminal and computer and be assured that your Local Trade Copier EA MT4/5 and your Signal Subscription will trade 24/7 without any problems or interruptions.
32. The only thing you need to do every day or two, is to check your MQL5 VPS Journal, in order to make sure that everything runs smoothly.
WARNING: After you've synchronized your trading environment with your MQL5 VPS, you DO NOT NEED TO CLICK THE AUTO (ALGO) TRADING BUTTON AGAIN in your local MT4/5 terminal, because if you do, you will trade with your Expert Advisor twice and that is very dangerous!
Also you DO NOT TICK AGAIN the: Enable realtime signal subscription option in your local computer’s MT4/5 platform, because that way you will copy the signal twice and this is extremely dangerous!
A last thing you must know if you use the Self Copier option of the Local trade Copier EA is that every time you need to make an adjustment in either your Signal subscription or your Local Trade Copier EA MT4/5, you must tick the: Enable realtime signal subscription in your local terminal’s Signals tab and click the Auto (Algo) Trading button in your MT4/5 terminal with your Signal Multiplier EA MT4/5 attached to a chart with your desired settings and then synchronize/migrate with your MQL5 VPS once again, for these updated settings to take effect and start working in the virtual server.
✔️ Local Trade Copier EA MT4©: https://www.mql5.com/en/market/product/68950
✔️ Local Trade Copier EA MT5©: https://www.mql5.com/en/market/product/68951
1. If you’ve received a message in your MQL5 account that your product has been updated, open your MT4/5 terminal and make sure you are logged into your MQL5 account in MT4/5 >>Tools >> Options >> Community tab.
2. Go to the Market tab, down in the Terminal window and click the Purchased option on the upper left side of the Market window.
3. Click the Update blue button on the right side of your purchased product.
4. After your product’s update, you can find it under the Experts / Market folder in your MT4/5 Navigator window.
5. You can double click it or drag it on your chart to begin the setup. First tick the Allow live trading (or Allow Algo trading) option in the common tab.
6.Then adjust your settings in the Inputs tab or load the appropriate set file by clicking the Load button below.
7. After you’ve completed your EA’s setup, click the Auto (Algo) Trading button to enable live trading.
8. If you are using MQL5 VPS, you need to synchronize your MT4/5 trading environment with your MQL5 VP server, so you right click on your MQL5 VPS, under your account’s number in the Navigator window and choose >> Synchronize experts, indicators.
9. Finally you need to check that your synchronization was successful and that you have the following message in your MQL5 VPS Journal. So right click on your MQL5 VPS >> Journals and look for: 1 chart, 1 EA, 0 custom indicators, signal disabled.
✔️ RSI EA MT4©: https://www.mql5.com/en/market/product/45228
✔️ RSI EA MT5©: https://www.mql5.com/en/market/product/67625
✔️ RSI EA MT4©: https://www.mql5.com/en/market/product/45228
✔️ RSI EA MT5©: https://www.mql5.com/en/market/product/67625
EUR/USD: Falling Dollar and Rising Risk Appetite
● The majority is not always right. Thus, only 30% of the experts voted for EUR/USD to grow to 1.1900 last week. But they were the ones who proved right. After the release of data from the US labour market on Friday 03 September, the pair soared to a height of 1.1908, and finished five days at 1.1880. The weakening of the US currency continues after Fed chief Jerome Powell's dovish statements in Jackson Hole and amid uncertainty with the timing of the beginning to wind down the fiscal stimulation program (QE).
Fed management cites sustained improvement in the employment situation as a major condition for reducing stimulus. However, ADP data on changes in the number of US private sector employment released on Wednesday was significantly worse than expected, with 374K instead of the projected 613K. Such an important indicator as the number of new jobs created in August outside the agricultural sector (NFP) added pessimism: the real figure was 3.2 times lower than the forecast (235K instead of 750K). And this despite the fact that the NFP was 1053K in July. All this suggests strongly that the pace of recovery in the US economy is falling, and it is too early to talk of the start of QE reduction and, even more so, of an interest rate rise on the dollar.
● As a result, the DXY dollar index (the ratio of USD to a basket of six major foreign currencies) has dropped from 93.63 to 92.07 since August 20, while risk sentiment in the market, on the contrary, has increased. The S&P500 stock index continues to update historic highs, and its chart resembles a north-easterly straight now. It is very similar to the one drawn by the martingale-based expert advisor until... a collapse occurs. A number of experts predict the fate of a bursting bubble in the future for the stock market as well.
● As for the EUR/USD pair's future, only 35% of the experts surveyed vote for its continued growth, 20% vote for the pair's fall. The remaining 45% have taken a neutral position in anticipation of clearer signals from the US Federal Reserve regarding the start of QE curtailment.
● The indicators on D1 are as follows. Among the oscillators, 85% point north, the remaining 15% give signals that the pair is overbought. Among the trend indicators, 75% are directed upward (note that there were only 20% of those a week earlier). Support levels are 1.1845, 1.1800, 1.1750, 1.1705 and 1.1665. Resistance levels are 1.1910, 1.1975, 1.2025 and 1.2100.
● As for the events of the coming week, the release on September 7 of the data on GDP of the Eurozone for Q2 should be noted. The forecast here is disappointing: it is expected to fall 0.6% compared to a 2.0% increase in the previous period. The ECB's interest rate decision will be known on Thursday September 09, but it is very likely to remain unchanged at 0%. Therefore, a subsequent press conference by the European regulator's leadership will be of much greater interest. Finally, Germany's HICP, the Consumer Price Index, which estimates the inflation rate of the country that is the locomotive of the European economy, will be unveiled on Friday, September 10.
GBP/USD: Wherever the Euro Goes, the Pound Goes
● We called this part of the review “Wherever the Euro Goes, the Pound Goes” last time and we left the title unchanged this week. Because nothing that would initiate an independent movement of the GBP/USD pair has happened. Just like the European currency, and for the same reasons, the British one has been growing against the dollar since August 20. The two-week high was reached on September 03 at 1.3890, and the last chord of the trading session sounded at 1.3865.
● The pair is currently in the central part of the 1.3800-1.4000 channel, where it appears periodically since February 2021. If it goes north (this scenario is now supported by 60% of analysts), then the nearest strong resistance will be met at the level of 1.3960, then 1.4100. The bulls aim to refresh the June 01 high at 1.4250. In case of the opposite development (20% of experts' votes), it will be supported in zones 1.3730, 1.3665 and 1.3600. The remaining 20% of analysts vote for a sideways trend.
Among the oscillators on D1, 60% are colored green, 20% have taken a neutral position, and another 20% indicate that the pair is overbought. In trend indicators, greens win with a score of 9:1.
● As we know, the main indicators of economic recovery and the signal for the start of contraction of monetary stimulus programs are two factors: labour market health and inflation. That is why it is worth paying attention this week to the hearing of the UK Inflation Report, which will take place on Friday September 10.
USD/JPY: Most Unflappable Pair
● As a safe haven, the USD/JPY pair has been moving along the 110.00 horizon since last March, making rare attempts to get out of the 108.30-111.00 trading channel. So this time, having started the five-day week at 109.80, it first dropped by 20 points, then rose by 80, then dropped again and ended the week almost at the same place where it started, at the level of 109.70.
● Even the statement of Japanese Prime Minister Yoshihide Suga about his intention to resign could not influence the yen rate. His popularity was hit by the Tokyo Olympics this summer. Many considered their hosting not a celebration of sport but a fueling of another wave of coronovirus, leaving COVID-19 incidence in the country now three times higher than during the previous waves.
A number of experts consider the departure of Yoshihide Suga a harbinger of possible changes in the economic policy of the Japanese government, in connection with which the Nikkei index rose by 2%, but the yen rate decided not to react to this, showing a truly icy calm.
● The experts' forecast for the near future looks like this: 35% of them side with the bulls, 45% - with the bears, and 20% have taken a neutral position. As for the indicators on D1, here it is still impossible to give priority to any of the directions.
● Support levels are 109.40, 109.10, 108.70 and 108.30. The bears' dream is to retest the April low of 107.45. The nearest resistance levels are 109.85, 110.25, 110.55, 110.80, 111.00 and 111.65. The ultimate goal of the bulls is still the same: to get to the cherished height of 112.00.
CRYPTOCURRENCIES: Ethereum vs Bitcoin
● Amid the continued weakening of the dollar and rising risk appetite, the BTC/USD pair is trying to gain a foothold above the important psychological level of $50,000 for the second week. It broke through this resistance for the third time and reached $51.085 at the time of this writing, on Friday September 03.
The Crypto Fear & Greed Index added just 1 point for the week, rising from 71 to 74. But the total crypto market capitalization has grown from $2.021 trillion to $2.275 trillion. And the core cryptocurrency accounts for only about $58bn: bitcoin's dominance continues to decline. It fell from 43.77% to 41.41% in seven days, while ethereum is improving its position step by step. So, if the share of ETH was 18.07% of the total market capitalization on August 28, it was already 20.45% on September 03.
● Many analysts and influencers continue to sing difirambs to ethereum, preening that it will push bitcoin back to the second line at some point. A week ago, we cited the opinion of the creator of this altcoin, Vitalik Buterin, who expects the price of ETH to reach $30,000. In this case, the capitalization of the coin will rise to $3 trillion, and exceed the capitalization of all major technology companies in the world.
● Analyst Aaron Arnold agrees with Buterin. In his YouTube channel (952 thousand subscribers) he named the fundamental factors that, in his opinion, will provoke the "explosive" growth of ethereum. The expert considers a key feature the recent change in the altcoin blockchain, which introduced a digital coin burning mechanism. The London update was released on ethereum network on August 05, which completely changed the transaction fee mechanism. A portion of the commission that miners previously received as a reward is now burned. According to the Ultrasound.Money service, more than 174,000 coins worth more than $565 million have been burned since the activation of this update. The average burning rate is 3.77 coins per minute.
The analyst named the decrease in net inflation in Ethereum as the second growth factor. According to Arnold's calculations, it is only 1.1% in annual terms at the moment, while the same indicator for bitcoin is at the level of 1.75%.
Arnold also recalled the multiple growth of funds blocked in the decentralized finance (DeFi) sector. In his view, this is the third factor that contributes to ethereum's price hike. According to DeFi Pulse, if the volume of blocked funds was $16 billion on January 1 of this year, this figure had already reached $82 billion by August 30 (an increase of 412% since the beginning of the year).
● It should be noted that the dynamics of recent months confirms the rosy forecasts for ethereum in full. If BTC has risen in price by about 72% since July 20, ETH has grown by 130%. In the last week alone, this altcoin is up 22%, while bitcoin is up just 2.5%. The advantage of ethereum is also obvious at a distance of 12 months: plus 820% for ETH, plus 350% for BTC.
● If Vitalik Buterin predicts the growth of his brainchild to $30,000, you can still hear the figure of $100,000 in the forecasts for the BTC/USD pair. It is exactly the height that British analyst and Northstar & Badcharts co-founder Kevin Wadsworth believes the pair will reach before the end of 2021. After that, the current bullish stage for the cryptocurrency will be completed.
Speaking of the first cryptocurrency, Wadsworth believes that its value will increase "in September, October and, presumably, in November." Some of the leading altcoins (such as ethereum), he said, could also rise significantly, since a rise in prices by 3-4 times is quite likely.
● PlanB analyst is also confident that BTC will break the $100,000 level by Christmas. This is indicated by the signals of his S2F forecasting model.
Bitcoin's prospects for further growth are also indicated by year analysis of cryptocurrency behavior. Analysts at Twitter Root channel are confident that the main driver of BTC is halvings (a 2-time reduction in mining awards). They form a shortage of coins in the market, which positively affects the value of a digital asset. As for bitcoin, it has yet to fulfil the growth potential that halving put into it in May 2020.
● Another growth driver, besides halving, is the US Federal Reserve's full-fledged printing press. Moreover, both corporations and individuals get substantial chunks of this dollar "pie". CNBC revealed that 11 per cent of young US residents have invested some of the capital they received in the form of assistance from the state during the COVID-19 pandemic in bitcoin and other coins. And 60 per cent of them are set to hold the asset long-term.
● On the other hand, the CEO of Euro Pacific Capital and the "golden beetle" Peter Schiff, said that he considers those who hold and do not sell bitcoins to be "real idiots". Investor John Paulson expressed a similar opinion. This billionaire called cryptocurrency a "bubble" in an interview with Bloomberg. In his view, the digital asset market will “ultimately prove worthless,” so it is not worth investing in it. “Cryptocurrencies are a bubble. I would describe them as a limited supply of nothing. If the demand is greater than the limited supply, the price will rise. But, if demand falls, the price will also fall. None of the cryptocurrencies have intrinsic value,” Paulson explained his point.
● And in conclusion, as usual, our not very serious section of life hacks with another piece of advice on how to get rich on cryptocurrency. It turns out that you just need to purchase an electric car of the IM brand for this. Backed by the Internet giant Alibaba, electric car maker Zhiji Auto has developed an app for car owners to earn digital currency per mileage traveled.
Motorists will have to enter information about each kilometer they run in order to enter the mining pool. They will receive the Stone digital currency as a reward. The company plans to issue 500 coins 144 times a day for a start. The issue will be halved every four years to maintain liquidity.
The asset can be exchanged for various services of the company. When the car's mileage reaches 5,000 km, its owner will be able to purchase a next-generation smart driving system for coins or increase the battery capacity to 120 kWh.
NordFX Analytical Group
Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.
#eurusd #gbpusd #usdjpy #Forex #forex_forecast #signals_forex #cryptocurrency #bitcoin #nordfx
NordFX brokerage company has summed up the performance of its clients' trade transactions in the last summer month of 2021.
The leader was once again a trader from India, account No.1584XXX, earning a profit of 326,278 USD. This impressive amount was earned through numerous trades on the British pound (GBP/USD, GBP/JPY, GBP/CHF) and Euro (EUR/USD, EUR/NZD, EUR/AUD) pairs.
The representative of China (account No.1397XXX) moved from third to second place with a profit of 210,308 USD, also obtained through trading operations with the British currency (GBP/USD and GBP/JPY pairs). Recall that their result was 179,327 USD in July.
This time the third step of the podium was taken by a NordFX client from Vietnam (account No.1416XXX) who earned 85,467 USD using XAU/USD, AUD/ JPY and... of course still the same pair GBP/USD as trading instruments.
The passive investment services:
- BangBigBossTop1 and EAs for Life signals remain among the leaders in CopyTrading for the second month in a row.
BangBigBossTop1 almost doubled its result over the past month, raising the signal yield from 398% to 729%. At the same time, the maximum drawdown remained the same at 55%. This failure occurred on the first day of summer, June 01, after which the yield curve is creeping upward. However, 55% is a quite serious drawdown, so the signal is still in the high-risk group.
The EAs for Life signal has shown a return of 1602% from November 2020 up to now. However, at the very start, on November 19, the maximum drawdown reached 75%, which is why it can also be classified as high-risk. Interestingly, almost 70% of trades on this signal are all on the same GBP/USD pair.
- Those investors who prefer minimal or moderate risk may find the manager under the nickname KennyFXPRO-The Multi 3000 EA in the NordFX PAMM service, interesting. This manager has increased their capital by 37% at a drawdown of less than 15% since January 2021.
There are other low-risk offers in the PAMM-service as well. For example, capital gains under TranquilityFX-The Genesis v3 were 21% over five months with a maximum drawdown of less than 10%.
Among the IB partners, NordFX TOP-3 is as follows:
- the largest commission, 23,498 USD, was credited in August to a partner from India, account No.1504ХXХ;
- next is a partner from the Philippines, account No.1352ХХХ, who received 6,608 USD;
- and, finally, their colleague from the Middle East (account no. 1569XXX), who earned 3,688 USD in commissions, closes the top three.
Notice: These materials are not investment recommendations or guidelines for working in financial markets and are intended for informational purposes only. Trading in financial markets is risky and can result in a complete loss of deposited funds.
#eurusd #gbpusd #usdjpy #Forex #forex_forecast #signals_forex #cryptocurrency #bitcoin #nordfx
1. Complete your purchase for one of my MQL5 Market Products.
2. Go to your MQL5 account payment’s page.
3. Take a screenshot or copy your purchase number, as in the photo below.
5. I will send you your FREE Complimentary Guide in your MQL5 account inbox.
Here is a step by step guide for buying, installing, testing and using a Metatrader 4 Expert Advisor (Robot, Bot are whatever):
1. First make sure that you have the necessary funds required for your purchase in your MQL5 account, its always easier to pay with your MQL5 balance, than using a credit card during the buying procedure.
2. Find the Expert Advisor that you want in the MQL5.com website and open its product page.
3. Click the Buy or Rent button to continue with your purchase.
4. Choose the payment method and click the green Next button to continue with your payment.
5. After your payment is completed, you will need to open your MT4 terminal in order to download and install your MT4 Expert Advisor.
6. When you open your MT4 terminal, you must make sure that your are logged into your MQL5 account with your MQL5 account login and NOT with your email, Facebook or any other. For example my login is the last part of my profile url, in my case: eleanna74, the last part of: https://www.mql5.com/en/users/eleanna74
7. So, open the MT4 >> Tools >> Options >> Community tab and make sure you are logged in with your MQL5 account login.
8. Then go down in the Terminal window and click the Market tab. On the left side of the Market tab, click the Purchased option and then click the blue Install button on the right side, of the product you've just purchased.
9. After your Expert Advisor is installed you may want to test it. Go and click on MT4 >> View >> Strategy Tester. The Strategy Tester opens below and you need to click on the Expert Advisor selector on the right side of the window first and then from the Market options, you click on the one you've just purchased in order to test it.
10. Then click on the Expert properties on the right side you adjust the Expert Advisor's settings or load any set file that you've been provided by the seller, in order to test it. Adjust the time period for your test, choose the desired timeframe (Period) and the Spread for your test (the value is in points, not pips) and click the Start button on the bottom right side of the Tester window.
11. After you've experimented enough with your Expert Advisor's settings and you've found the correct settings for your strategy, you may want to put it to work. You are now ready to trade on a demo or live account with it. So, open the appropriate chart of the symbol that you want to trade with your Expert Advisor, choose the correct timeframe and then from the left side of your MT4 terminal, in the Navigator window, find your purchased Expert Advisor from within the Market options and drag it onto the chart (or double click it).
12. The Expert Advisor's settings window will open. There you click the Allow live trading option on the Common tab and click OK.
13. Then you go onto the Inputs tab and adjust your Expert Advisor's settings or Load any set file, you've been provided by the seller, by clicking the Load button in the bottom. After you've finished adjusting or loading your settings, click the OK button.
14. After you've closed the Expert Advisor's window, you will see that there is a sad face on the top right of your chart. That means that your EA does not trade yet. You need to click the Auto Trading button and instantly the sad face will smile. Now your Expert Advisor trades on your demo or live account.
15. The only thing that remains to do is to make sure that you will not suffer any power or network disruptions and that can be accomplished by employing a MQL5 VPS (virtual private server), in order to have your Expert Advisor trading on the cloud 24/7 around the clock.
16. If you haven't purchased yourself a virtual server for your trading account, you right click on your account number in the Navigator window and you choose >> Register a Virtual Server.
17. In the Virtual Hosting Wizard window that opens, you choose the plan that suits you and click the Next button.
18. Then you complete your payment. I suggest to have the necessary funds available in your MQL5 account and use the MQL5 method of payment on the left.
19. After you've completed your MQL5 VPS purchase, you need to synchronize your trading environment with your virtual server. You right click on the MQL5 VPS in the Navigator window and choose >> Synchronize experts, indicators.
20. After a few seconds, the smiling face of your Expert Advisor will turn sad again and the Auto Trading button will be turned off. That means that your trading environment was successfully synchronized with your MQL5 VPS.
21. In order to make sure that your synchronization was successful, you need to check the MQL5 VPS Journal logs. You right click on your MQL5 VPS in the Navigator window >> Journals.
22. In your MQL5 VPS's Journals logs, you need to look for the below message:
23. That means that your Expert Advisor was succesfully synchronized and now trades in the cloud environment.
24. Now you can close your MT4 terminal and computer and be assured that your Expert Advisor will trade 24/7 without any problems or interruptions.
25. The only thing you need to do every day or two, is to check your MQL5 VPS Journal, in order to make sure that everything runs smoothly.
WARNING: After you've synchronized your trading environment with your MQL5 VPS, you DO NOT NEED TO CLICK THE AUTO TRADING BUTTON AGAIN in your local MT4 terminal, because if you do, you will trade with your Expert Advisor twice and that is very dangerous!
Here is a step by step guide for buying, installing, testing and using a Metatrader 5 Expert Advisor (Robot, Bot are whatever):
1. First make sure that you have the necessary funds required for your purchase in your MQL5 account, its always easier to pay with your MQL5 balance, than using a credit card during the buying procedure.
2. Find the Expert Advisor that you want in the MQL5.com website and open its product page.
3. Click the Buy or Rent button to continue with your purchase.
4. Choose the payment method and click the green Next button to continue with your payment.
5. After your payment is completed, you will need to open your MT5 terminal in order to download and install your MT5 Expert Advisor.
6. When you open your MT5 terminal, you must make sure that your are logged into your MQL5 account with your MQL5 account login and NOT with your email, Facebook or any other. For example my login is the last part of my profile url, in my case: eleanna74, the last part of: https://www.mql5.com/en/users/eleanna74
7. So, open the MT5 >> Tools >> Options >> Community tab and make sure you are logged in with your MQL5 account login.
8. Then go down in the Toolbox window and click the Market tab. On the left side of the Market tab, click the Purchased option and then click the blue Install button on the right side, of the product you've just purchased.
9. After your Expert Advisor is installed you may want to test it. Go and click on MT5 >> View >> Strategy Tester. The Strategy Tester opens below and you need to click on the Expert Advisor selector on the right side of the window first and then from the Market options, you click on the one you've just purchased in order to test it.
10. Then click on the Inputs tab below to adjust the Expert Advisor's settings or load any set file that you've been provided by the seller, in order to test it. Then click the Settings tab and adjust the time period for your test, choose the desired timeframe and click the green Start button on the bottom right side of the Tester window.
11. After you've experimented enough with your Expert Advisor's settings and you've found the correct settings for your strategy, you may want to put it to work. You are now ready to trade on a demo or live account with it. So, open the appropriate chart of the symbol that you want to trade with your Expert Advisor, choose the correct timeframe and then from the left side of your MT5 terminal, in the Navigator window, find your purchased Expert Advisor from within the Market options and drag it onto the chart (or double click it).
12. The Expert Advisor's settings window will open. There you click the Allow modifications of Signals settings and Allow Algo Trading option in the Common tab and click OK.
13. Then you go onto the Inputs tab and adjust your Expert Advisor's settings or Load any set file, you've been provided by the seller, by clicking the Load button in the bottom. After you've finished adjusting or loading your settings, click the OK button.
14. After you've closed the Expert Advisor's window, you will see that there is a red sign on the top right of your chart. That means that your EA does not trade yet. You need to click the Auto Trading button and instantly the sign will turn green. Now your Expert Advisor trades on your demo or live account.
15. The only thing that remains to do is to make sure that you will not suffer any power or network disruptions and that can be accomplished by employing a MQL5 VPS (virtual private server), in order to have your Expert Advisor trading on the cloud 24/7 around the clock.
16. If you haven't purchased yourself a virtual server for your trading account, you right click on your account number in the Navigator window and you choose >> Register a Virtual Server.
17. In the Virtual Hosting Wizard window that opens, you choose the plan that suits you and click the Next button.
18. Then you complete your payment. I suggest to have the necessary funds available in your MQL5 account and use the MQL5 method of payment on the left.
19. After you've completed your MQL5 VPS purchase, you need to synchronize your trading environment with your virtual server. You right click on the MQL5 VPS in the Navigator window and choose >> Synchronize experts, indicators. Another way to synchronize/migrate your trading environment to your MQL5 VPS in MT5, is by going down in the Toolbox window, click the VPS tab, then tick the Migrate experts: account, charts, experts, indicators and settings option and finally click the green Migrate button.
or
20. After a few seconds, the green sign of your Expert Advisor will turn red again and the Auto Trading button will be turned off. That means that your trading environment was successfully synchronized with your MQL5 VPS.
21. In order to make sure that your synchronization was successful, you need to check the MQL5 VPS Journal logs. You right click on your MQL5 VPS in the Navigator window >> Journals.
22. In your MQL5 VPS's Journals logs, you need to look for the below message:
23. That means that your Expert Advisor was succesfully synchronized and now trades in the cloud environment.
24. Now you can close your MT5 terminal and computer and be assured that your Expert Advisor will trade 24/7 without any problems or interruptions.
25. The only thing you need to do every day or two, is to check your MQL5 VPS Journal, in order to make sure that everything runs smoothly.
WARNING: After you've synchronized your trading environment with your MQL5 VPS, you DO NOT NEED TO CLICK THE AUTO TRADING BUTTON AGAIN in your local MT5 terminal, because if you do, you will trade with your Expert Advisor twice and that is very dangerous!
Trading Indicator is the realization of particular theory or trading strategy or trading ideas for real world trading. There is always gap between theory (i.e. ideas or strategy) and practice. This is the same for Harmonic Pattern trading too.
Hence, not all the harmonic pattern detection indicators are the same. The main variations of Harmonic pattern indicators can be categorized as following four types. Users should understand the pros and cons of each variation to maximize their trading performance with harmonic patterns.
Type 1: Non lagging (fast signal) but repainting
option to enter from turning point. Indicator does not show the failed pattern in chart and last pattern can repaint. This is almost considered as standard Harmonic Pattern Indicator. Even if they are repainting, harmonic pattern trader just accept it as it is. 99% of time, this is the harmonic pattern product you will get from the market whether they are free or paid one. You can trade live with this indicators but historical patterns can not be used to fine tune your strategy.
Type 2: Lagging (slow signal) but non repainting
no option to enter at turning point (i.e. early signal). This type of indicator turns harmonic pattern indicator as slow as moving average cross over. It might be not overly attractive option for your trading. Indicator does not show the failed pattern. Hence, you can not use historical patterns to tune your strategy but last pattern does not repaint. You can trade live with this indicators but historical patterns can not be used to fine tune your strategy. Probably about 1% of harmonic pattern indicator is this type.
Type 3: Detecting pattern at point C but repainting
option to enter at turning point. Indicator detect pattern too early and you have to wait quite bit of time until price move near the point D. In fact, price may not move near point D. You might just waste your time waiting for the pattern. Indicator does not show the failed pattern and last pattern can repaint. You can trade live with this indicators but historical patterns can not be used to fine tune your strategy. Probably about 1% of harmonic pattern indicator is this type.
Type 4: Non lagging (fast signal) and non repainting
option to enter from turning point. At the same time, the pattern is not repainting. This is hybrid of all above three system and can be considered as the most powerful harmonic pattern indicator. You can trade live with this indicators and you can also use historical patterns to fine tune your strategy. With this indicator, you are complying perfectly with the statement “Trade What you See”.
MetaTrader 4 is one of the most popular trading platform since 2010. It is accessible for free of charge for any trader from all over the world. We provide a range of powerful harmonic pattern detection indicator particularly for MetaTrader 4 platform. Below is the list:
1. Harmonic Pattern Plus (2014)
Harmonic pattern plus is extremely good product for the price. With dozens of powerful features including Pattern Completion Interval, Potential Reversal Zone, Potential Continuation Zone, Automatic Stop loss and take profit sizing. This is type 1 harmonic pattern indicator.
Below are the Links to Harmonic Pattern Plus
https://www.mql5.com/en/market/product/4488
https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/
2. Harmonic Pattern Scenario Planner (2014)
With additional features of predicting future harmonic patterns, this is very tactical harmonic pattern indicator with advanced simulation capability on top of the powerful features of harmonic pattern plus. This is type 1 and type 3 harmonic pattern indicator.
Below are the Links to Harmonic Pattern Scenario Planner
https://www.mql5.com/en/market/product/6240
https://algotrading-investment.com/portfolio-item/harmonic-pattern-scenario-planner/
3. X3 Chart Pattern Scanner (2019)
X3 Chart Pattern Scanner is next generation tools to detect profitable patterns in Forex market. With non repainting and non lagging algorithm, this tool can detect advanced Harmonic Pattern, Elliott Wave Pattern, X3 Pattern structure for your trading. As a bonus, it provides your Japanese candlestick patterns too. This is type 4 harmonic pattern detection indicator, which means that you can fine tune your strategy using historical patterns while you are trading the same patterns on live trading.
https://www.mql5.com/en/market/product/41993
https://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/
✔️ Matrix Arrow Signal©: https://www.mql5.com/en/signals/1151924
✔️ Matrix Arrow EA MT4©: https://www.mql5.com/en/market/product/70812
✔️ Matrix Arrow EA MT5©: https://www.mql5.com/en/market/product/70813
✔️ Matrix Arrow Signal©: https://www.mql5.com/en/signals/1151924
✔️ Matrix Arrow EA MT4©: https://www.mql5.com/en/market/product/70812
✔️ Matrix Arrow EA MT5©: https://www.mql5.com/en/market/product/70813
✔️ Heiken Ashi EA MT4©: https://www.mql5.com/en/market/product/45283
✔️ Heiken Ashi EA MT5©: https://www.mql5.com/en/market/product/64877
✔️ Heiken Ashi EA MT4©: https://www.mql5.com/en/market/product/45283
✔️ Heiken Ashi EA MT5©: https://www.mql5.com/en/market/product/64877
An Introduction Video to Forex Trading For the Beginner
When you start the Forex trading, you need to start it with understanding the market. Then what is the Forex market or Foreign exchange market ? The foreign exchange market, also known as the Forex market, is a global marketplace where currencies are traded. Currencies are important because we need them to purchase goods and services locally and across borders. There is no central marketplace for the Forex market.
✔️ Matrix Arrow Signal©: https://www.mql5.com/en/signals/1151924
✔️ Matrix Arrow EA MT4©: https://www.mql5.com/en/market/product/70812
✔️ Matrix Arrow EA MT5©: https://www.mql5.com/en/market/product/70813
ATTENTION: If you want to trade the Matrix Arrow signals with your Matrix Arrow EA MT4, you must purchase the Matrix Arrow Indicator MT4 separately! Otherwise the Matrix Arrow EA MT4 will work as a manual trade panel only.
✔️ Buy now the Matrix Arrow Indicator MT4: https://www.mql5.com/en/market/product/69726
✔️ Buy now the Matrix Arrow Indicator MT5: https://www.mql5.com/en/market/product/69725
Use Panel: True/false of the option to use or not to use the on chart Trade Panel. The Trade Panel allows you to trade the Matrix Arrow Indicator’s MT4/5 signals, manually or 100% automatically with the 100% Algorithmic Trading option. WARNING: You cannot migrate the Trade Panel settings onto your MQL5 VPS. If you want to trade automatically on the cloud, using the Matrix Arrow EA MT4/5 on the MQL5 VPS, you must put Use Panel: false and adjust the inside settings of the EA, as they are presented below. Then you can click the Auto/Algo Trading button on your MT4/5 terminal and synchronize/migrate with your MQL5 VPS.
Used Indicator: By default the Matrix Arrow EA MT4/5 uses a Moving Average indicator, in order to pass the MQL5.com Market validation. If you have already purchased the Matrix Arrow Indicator MT4/5, in order to trade its Arrow signals, you should change this setting to: Matrix Arrow Indicator.
Allow Long: True/false for opening only long/buy trades.
Allow Short: True/false for opening only short/sell trades.
Lot Size: The Lot Size of opened trades.
Use Risk %: True/false of the Risk % option.
Risk %: The % of account's balance that it will be risked in each trade.
Magic Number: The Magic Number assigned in every trade.
Use Opposite Logic: True/false of the option to open the reverse trade for each valid signal or button pressed, for example a buy trade instead of a sell and vice versa.
Timeframe: The Timeframe that the EA will function and open trades. ATTENTION: This timeframe setting only applies when you trade with Use Panel=false. When Panel is used (true) the timeframe that the EA will use, will be the timeframe of the chart the EA and the Trade Panel are attached onto.
Start Time: The Time the EA will start working. TIP: If you want to trade manually or automatically using the Trade Panel at any time of the day, you should leave/put the Start Hour to 00:00 and End Hour to 23:59 in order to allow the Panel to work all day long. The same thing applies for the days of the week below. If you want to trade manually or automatically using the Trade Panel on a specific day, you should put that particular day to true.
End Time: The Time the EA will end working.
Trade on Monday: True/false option for opening new trades on Mondays.
Trade on Tuesday: True/false option for opening new trades on Tuesdays.
Trade on Wednesday: True/false option for opening new trades on Wednesdays.
Trade on Thursday: True/false option for opening new trades on Thursdays.
Trade on Friday: True/false option for opening new trades on Fridays.
Trade on Saturday: True/false option for opening new trades on Saturdays.
Trade on Sunday: True/false option for opening new trades on Sundays.
Max Spread in Points: The Maximum Spread allowed.
Max Slippage in Points: The Maximum Slippage allowed.
Stop Loss in Points: The Stop Loss level for every trade.
Take Profit in Points: The Take Profit level for every trade.
Break Even Profit in Points: The profit level for every trade, in which the EA will move the Stop Loss level to Break Even.
Trailing Start in Points: The level that the EA will start Trailing the Stop Loss for every trade.
Trailing Stop in Points: The Trailing Stop Loss distance for every trade.
Trailing Step in Points: The Trailing Stop Loss Step for every trade.
Close Trade Before New One: True/false of the option to close any previous trade before opening a new one. This only applies to the same Magic Number trades.
Close by Opposite Signal: True/false of the option to close the running trade and open an opposite direction one, when a valid opposite signal has appeared.
Use ADX: True/false of the option to use this indicator in the Matrix and take its values into account for the Arrow Signals calculation.
ADX Period: The period of the indicator.
ADX Applied Price: The applied price of the indicator.
ADX Label: The label that will be printed on the left side of the Matrix for this indicator.
Use CCI: True/false of the option to use this indicator in the Matrix and take its values into account for the Arrow Signals calculation.
CCI Period: The period of the indicator.
CCI Applied Price: The applied price of the indicator.
CCI Threshold: The level of the indicator that will determine the uptrend or downtrend signal. Above the threshold level, the indicator will give a buy signal and below the threshold level will give a sell signal (blue or red square in the Matrix).
CCI Label: The label that will be printed on the left side of the Matrix for this indicator.
Use Heiken Ashi: True/false of the option to use this indicator in the Matrix and take its values into account for the Arrow Signals calculation. Classic Heiken Ashi candles are used in Matrix Arrow Indicator MT4/5.
Heiken Ashi Label: The label that will be printed on the left side of the Matrix for this indicator.
Use MA: True/false of the option to use this indicator in the Matrix and take its values into account for the Arrow Signals calculation.
MA Period: The period of the indicator.
MA Shift: The shift of the indicator.
MA Method: The method of the indicator.
MA Applied Price: The applied price of the indicator.
MA Label: The label that will be printed on the left side of the Matrix for this indicator.
Use MACD: True/false of the option to use this indicator in the Matrix and take its values into account for the Arrow Signals calculation.
MACD Fast EMA: The Fast Exponential Moving Average of the MACD indicator.
MACD Slow EMA: The Slow Exponential Moving Average of the MACD indicator.
MACD SMA: The Smoothed Moving Average of the MACD indicator.
MACD Applied Price: The applied price of the indicator.
MACD Label: The label that will be printed on the left side of the Matrix for this indicator.
Use RVI: True/false of the option to use this indicator in the Matrix and take its values into account for the Arrow Signals calculation.
RVI Period: The period of the indicator.
RVI Label: The label that will be printed on the left side of the Matrix for this indicator.
Use RSI: True/false of the option to use this indicator in the Matrix and take its values into account for the Arrow Signals calculation.
RSI Period: The period of the indicator.
RSI Applied Price: The applied price of the indicator.
RSI Threshold: The level of the indicator that will determine the uptrend or downtrend signal. Above the threshold level, the indicator will give a buy signal and below the threshold level will give a sell signal (blue or red square in the Matrix).
RSI Label: The label that will be printed on the left side of the Matrix for this indicator.
Use PSAR: True/false of the option to use this indicator in the Matrix and take its values into account for the Arrow Signals calculation.
PSAR Step: The step of the indicator.
PSAR Maximum: The maximum of the indicator.
PSAR Label: The label that will be printed on the left side of the Matrix for this indicator.
Use Stochastic: True/false of the option to use this indicator in the Matrix and take its values into account for the Arrow Signals calculation.
Stochastic %K Period: The %K period of the indicator.
Stochastic %D Period: The %D period of the indicator.
Stochastic Slowing: The slowing value of the indicator.
Stochastic Price Field: The price field levels of the indicator.
Stochastic Method: The method of the indicator.
Stochastic Label: The label that will be printed on the left side of the Matrix for this indicator.
Use W%R: True/false of the option to use this indicator in the Matrix and take its values into account for the Arrow Signals calculation.
W%R Period: The period of the indicator.
W%R Threshold: The level of the indicator that will determine the uptrend or downtrend signal. Above the threshold level, the indicator will give a buy signal and below the threshold level will give a sell signal (blue or red square in the Matrix).
W%R Label: The label that will be printed on the left side of the Matrix for this indicator.
ATTENTION: If you want to trade the Matrix Arrow signals with your Matrix Arrow EA MT4, you must purchase the Matrix Arrow Indicator MT4 separately! Otherwise the Matrix Arrow EA MT4 will work as a manual trade panel only.
✔️ Buy now the Matrix Arrow Indicator MT4: https://www.mql5.com/en/market/product/69726
✔️ Buy now the Matrix Arrow Indicator MT5: https://www.mql5.com/en/market/product/69725
✔️ Matrix Arrow Signal©: https://www.mql5.com/en/signals/1151924
✔️ Matrix Arrow EA MT4©: https://www.mql5.com/en/market/product/70812
✔️ Matrix Arrow EA MT5©: https://www.mql5.com/en/market/product/70813
Here is another article explaining some useful concept for your harmonic pattern trading. Of course, this is free article to improve your harmonic pattern trading.
https://algotrading-investment.com/2020/06/01/trading-setup-with-pattern-completion-interval/
In addition, you can also have an access to important free articles for your trading here.
https://algotrading-investment.com/2019/07/23/trading-education/
Harmonic Pattern Plus (and also Harmonic Pattern Scenario Planner) is the repainting but non lagging Harmonic Pattern Scanner. You can get them for the affordable price. Below is links for them.
https://www.mql5.com/en/market/product/4488
https://www.mql5.com/en/market/product/4475
https://algotrading-investment.com/portfolio-item/harmonic-pattern-plus/
X3 Chart Pattern Scanner is non repainting and non lagging Harmonic Pattern and X3 pattern Scanner. Below is links for them.
https://www.mql5.com/en/market/product/41993
https://www.mql5.com/en/market/product/41992
https://algotrading-investment.com/portfolio-item/profitable-pattern-scanner/
Episode #346: William Bernstein, Efficient Frontier, “We Are Creatures That Seek Compelling Narratives” Guest: William (Bill) Bernstein. Bill is a financial theorist, a neurologist, and a financial adviser to high net worth individuals. Known for his website on asset allocation and portfolio theory, Efficient Frontier, Bill is also […]
The post Episode #346: William Bernstein, Efficient Frontier, “We Are Creatures That Seek Compelling Narratives” appeared first on Meb Faber Research - Stock Market and Investing Blog.
Episode #347: Radio Show – Wes Gray & Patrick Cleary, Alpha Architect– All Things ETFs Guests: Wes Gray is the founder and CEO of Alpha Architect, a quantitative asset management firm. Patrick Cleary is currently the chief operations officer and chief compliance officer of Alpha Architect. Date Recorded: 8/17/2021 | […]
The post Episode #347: Radio Show – Wes Gray & Patrick Cleary, Alpha Architect– All Things ETFs appeared first on Meb Faber Research - Stock Market and Investing Blog.
