Bears Scalper

Bears Scalper

Bears Power technical indicator shows the strength of bears in the market. If the indicator is below zero, it is considered a strong bearish pressure. If it is greater than zero, then the pressure is considered to be weak. The basic concept of this indicator is that the moving average price indicates the value at which buyers and sellers are matched (mean value). This should be achieved by the lowest price for one day, when the selling pressure was the strongest. Thus, the difference between the highest price for the day and the moving average shows the strength of Bears Power.

The adviser works with a stop loss and trailing stop, Williams uses the percentage range and the indicator Bears Power.

Expert is optimized to trade on pairs GBPUSD and GBPJPY. Advisor may also work on other pairs.

dignity

  • advanced technology;
  • money management;
  • Low trading drawdown;
  • It does not use martingale, grid, arbitration;
  • easy to set up.

recommendations

  • Minimum shoulder 1: 100.
  • Platform: MT4;
  • Fast execution.
  • Recommended VPS.
  • Five-digit account.

Options

  • TrailingStar – the distance between the opening price and the current price to activate trailing.
  • TrailingStop – trailing stop.
  • TrailingStep – trailing step.
  • Stoploss – Stop-loss orders.
  • Risk – the share of the balance of the account to trade.
  • Magic – magic number.
  • Slippage – allowable slippage.
  • MaxSpread – the maximum value of the current spread.
  • Min_Margin_level – minimum level of margin accounts with no transactions as a percentage.

Bears Scalper

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Overview Three books that every trader must read

Overview: Three books that every trader must read

You can not trade without having behind at least some of you have not gained experience. It is clear that the mistakes of others is difficult to learn, but at least to know how much will be two and two – is necessary. There is a list of books that are required reading for every trader. The three of them I wrote below. They are very different. One – almost classic practical guide, the second – inverting thinking and shocking material, and the third book – a classic trader Library, a thing of the discharge "capital" Marx, only much more interesting.

Overview Three books that every trader must read

John
Piper “
Road
to trading. ” This book is written
current highly
player in the market. The author reveals
the specifics of investment activity,
sequentially and detailing
theory and practice of professional
speculation. The book is structured accordingly
title: series revealed
first the most basics, the very beginnings of stock
trade, and then going on smoothly
the transition to a serious analytics. Reader
It has the ability to compare different
methods and choose their own, which
most suitable for him,
no dictatorship on the part of the author’s
This book is not found. It describes the
indicators and stop orders, control
risks and technical analysis, many
other key points in the stock market support
trade. The author teaches us to think and
feel like a successful trader – a
it is more important than just dry theory.
Separate chapters are devoted to this
instruments such as futures and options.

Overview Three books that every trader must read

Terry
Burnham. “Mean Markets and Lizard Brain”
.
This book – a very unusual textbook.
It teaches you that the person – is
biological system, which is extremely
irrational, and it is on the irrationality
first of all need to rely to
to achieve success in any market. before
you buy a share or bond, gold
or property, get a loan or
make a deposit – do you wish
take this book and how to look through a magnifying glass
through her situation. recommendations
Burnham you will definitely come in handy –
at least one of those reasons, it is always
it is important to look at the situation precarious
position. Burnham tells us that investment
preferences are often not amenable to
formal logic and look extremely
irrational. And this can be a good idea
earn!

Overview Three books that every trader must read

Edwin
Lefebvre. “Reminiscences of a Stock
speculator “
.
Book – fiction rather than
textbook, but I read in one breath
and perceived no worse than film
“The wolf of Wall Street”. In fact, this is also
biography of one of the greatest speculators
stock trading, trading legends
Dzhessi Livermora. first edition
“Memories” was published almost one hundred
years ago, in 1923. Today, it is one
of the most popular books in the financial
circle. Here we describe the markets and psychology
investment as
is, and
it can be seen that in the age of personal
not fundamentally changed. Psychology
crowd and racing market demand described
so clearly and transparently, as if it is
of panic, which happened just today.
In short, read this book is worth every
trader – just part of the overall
development. As a primer.

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Signals potential and risk reward of trend

Signals potential and risk reward of trend

Indicator SPR of trend looking for the trend:

  • (S) – signals
  • (P) – It shows potential signals,
  • (R) – calculates the risk / reward.

Analyzing the graph indicates option price movements. The indicator works by closing the candle and repaints!

The indicator has a block of statistics in his own signals.

The material used for statistical Indicator uses the maximum price movement after the onset of the signal candle closed at the opening price of the current candle and to:

  1. Achieving price level StopLoss. In this case, the trader is able to use a fixed value of StopLoss in points or as an example – Parabolic SAR indicator (if the SAR is not reflected in a candle with an arrow indicator that uses high / low of the candle).
  2. Opposite signal. Option – useOppositSignalAsCloseAchieve.
  3. If not met the conditions of StopLoss and opposite signal, said indicator signal (deal) open. And in this case, the indicator takes into account the maximum price movement after the signal, but does not display it graphically. Maximum motion after the signal is graphically displayed only after compliance with the above points 1 and 2.

The screenshot shows that the Statistics block is placed in the lower right corner.

  • S – number of found signals for buying and selling.
  • P – after the signal potential of the movement. Calculated as the average value of the maximum prices of all traffic signals for buying and selling respectively.
  • R – the risk / profit. For this option, the indicator uses a virtual StopLoss.
  • curr – current virtual profits after the last indicator signal.
  • max – maximum price movement after signal and to the current moment.
  • SL – Virtual StopLoss value at the moment.

Attention! All signals and the results of calculations based on statistical data and can not be used as a direct guide to investing.
Signals potential and risk reward of trend

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USDJPY yen strengthened against US dollar

USD / JPY: The yen strengthened against the US dollar

The yen strengthened against the dollar after the US airstrikes inflicted on militant positions "an Islamic state" in Syria. Such a statement was made by Pentagon spokesman Rear Admiral Dzhon Kirbi. The volume of trading in the Asian session low today, as financial markets in Japan closed for the official holiday.

Couple USD / JPY It is under pressure due to the flow in the yen as the currency of refuge and complete the trade on the difference between the interest rates, financed by the yen, amid increasing risk aversion due to rising concerns about global economic growth. These concerns rose after China’s Finance Minister comments that the Chinese economy is facing pressure, but Beijing does not "will make serious adjustments in policy" due to changes in any particular economic indicator. Such statements are weakened expectations for aggressive policy easing.

The euro traded near a 14-month low against the dollar, in the pre-release expectations index Markit Eurozone PMI for September at 08.00GMT. Sentiment towards the euro deteriorated due to weaker-than-expected preliminary index of consumer confidence in the euro zone, which in September was 11.4 (vs. 10.5 against 10.0 in August). Also, the European currency is under pressure in the expectation that the ECB will continue monetary stimulus in the coming months.

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Squeeze

Squeeze

Squeeze system was developed by John F. Carter (John F. Carter). This simple indicator displays the compression periods (Squeeze) and acceleration (Acceleration).

Squeeze = periods when Keltner strip (Keltner bands) are inside Bollinger (Bollinger bands).

Acceleration = periods when prices break through the Bollinger Bands.

compression accompanied by periods of high volatility. Periods of compression can be used in some of the strategies, based on a price breakout, but beware of false breakouts.

Squeeze

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Elevation

The Elevation

Advisor starts in moments of price out of the average amplitude of the movement for a certain period of time to them, which is also calculated independently advisor.

To work required ECN and low spreads, as Advisor picks up the order a trailing stop, when it is needed. Most orders rose by trailing stop.

Advisor is protected from the expansion of the spread. At such moments, the transaction can not be opened and an adviser to print in the “Journal” message: “Exceeding the permissible spread”.

Transactions are made infrequently. Advisor automatically determines the 4- and 5-digit quotes flows.

recommended: EURUSD M15.

settings

  • MaxRisk – percentage risk per trade. At 0 lot will be equal to the value Lot if MaxRisk
  • Lot if MaxRisk – lot size, if MaxRisk = 0;
  • Maximum lot – limiting the maximum lot;
  • Take profit – level take profit;
  • Stop loss – stop-loss level;
  • Near OBV – number of candles starting OBV indicator to determine the trend;
  • Far OBV – number of final spark OBV indicator to determine the trend;
  • TF Filter – timeframes for the trend of the filter;
  • Slippage – the level of slippage;
  • Maximum spread – limit the spread;
  • Maximum orders – limiting the maximum number of simultaneously open orders;
  • Magic number – “magic” number to distinguish “their” orders;
  • Comment to the order – comments on the orders advisor;
  • ShowInfoPanel – display the information bar (top left corner);
  • Background color – the color of the dashboard background;
  • Black – the color of the dashboard of the text;
  • FontSize – font size of the dashboard.

Advisor automatically determines the 4- and 5-digit quotes flows.

Elevation

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YouCanNotAffordIt

YouCanNotAffordIt

The indicator shows the zones of maximum and minimum on the basis of Bollinger x bars.

Input parameters:

  • periods: the number of periods for the calculation of areas.
  • Deviation1: the number of deviations for the first display line of the maximum and minimum.
  • Deviation2: amount of deviation for the second display line maximum and minimum.

The indicator is customizable:

#
Colour
Width
Style
0 Red 1 0
1 Yellow 1 0
2 Blue 1 0
3 Green 1 0
4 Green 3 —–
5 Red 3 —–
6 Green 3 —–
7 Green 3 —–

Note: The greater the difference Deviation1 and Deviation2, the wider the band.

YouCanNotAffordIt

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Price Alert Indicator

Price Alert Indicator

Refers indicator alerts a desktop MT4, notification to the mobile device and an e-mail (the address specified in MT4 settings) when the price reaches the allocated horizontal line trader.

If you need to know when the price reaches the price level, simply drag the indicator to the chart and place a horizontal line at the desired level. You can place any number of horizontal lines. Rename them is not necessary. Just place them on a graph.

Video

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Indicator for drawing

Indicator for drawing

There was a need to draw directly on a graph, which would quickly take notes, write, and so on …

I wrote a simple indicator. And so he decided to see how the market works and whether people actually makes a purchase advisors and indicators.

Indicator for drawing

https://www.mql5.com/ru/market/product/6429

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Harmonic Pattern Plus MT4

Harmonic Pattern Plus MT4

Introduction to Harmonic Pattern Plus

Indicator Harmonic Pattern Plus, designed for use in MetaTrader 4, is looking for the harmonic pattern in the chart. Harmonic Pattern Plus program is designed to determine the points of reversal of the current trend – it is the harmonic model with high power forecasting. Harmonic patterns consist of a few lines, united by important Fibonacci ratios, such as the 0,618 and 0,382, which are often used by professional traders to measure the level of the price breakout.

These harmonic structures are continuously formed in the financial markets and often for such model should be big trend reversals. These models have proven to be effective in pinpointing turning points in use by professional traders for over 50 years. Furthermore, many statistical studies point to the strong possibility of prediction of harmonic patterns. These models work well in the forex market and show excellent value profit-risk. This program contains many useful features for traders working full-time and those who trade from time to time. This style of trading with a rigid risk control is also suitable for investors who work with serious money.

The main features of Harmonic Pattern Plus display

  • The indicator may send you e-mail messages when it detects a harmonic model on any chart. Thus, even when you do not see the terminal, you will be notified about it.
  • You can apply a Harmonic Pattern Indicator for a few graphs, as it scans the schedule pretty quickly. Recommended timeframes: M15, H1, H4 and D1.
  • The indicator will determine the significance of the harmonic model based on the size of the found model. You can immediately decide whether or not to trade on this model.
  • The indicator stores the historical patterns to the latest price data, and you can display historical patterns on the chart and build its own strategy, using these historical patterns. This can easily be done by changing the value of variable Max number of patterns to display in the Properties window.
  • The automatic construction of the channel, which can be used in conjunction with harmonic models for more accurate decision-making.
  • The program is ready to use without the need for complex setup and even with the default settings.

Please note that each harmonic model, channel and Fibonacci retracement levels are built independently in the indicator. Therefore, you can disable any component, if you do not want it to be reflected in the chart. A description of all the variables available in the display properties window. To use e-mail notification option you must enable notifications via email in MetaTrader 4. Set up e-mail addresses in the MetaTrader 5 is described in detail in the article https://www.mql5.com/ru/articles/80.

Useful information about Harmonic Pattern Plus

  • Indicator Harmonic Pattern Plus automatically draws Fibonacci correction. Therefore, you can simply place a take-profit and stop-loss in accordance with this level. Note that the construction of the line drawing Fibonacci correction can also be disabled.
  • You can choose the number of harmonic patterns to be displayed on the graph. Sometimes, too many models on the chart can be distracting, but a small number of models less informative. So you can adjust this setting to your liking in the Properties window (default = 3).
  • All found the harmonic model can be displayed in the expert journal or write a text file. This option can be set in the input variables. When the recording of all harmonic patterns will create a file in your terminal MetaTrader folder.
  • By default, all models will bear painted in dark pink, and all the bull will be painted blue. You can change this setting in the input variable.

How to use Harmonic Pattern Plus LED

There are many different ways to trade using harmonic models. Normally, when a model is generated, you can quickly earn profit and get out of the market. For input use second moving average, and the entry would be realized in the formation of a stronger trend. The third entry, place a few orders in accordance with the signals of the moving average, the trend when formed, and using the momentum strategy to catch the big moves of the trend. On recovering market you will be able to place their orders for the first, second and third input. This will give you an opportunity to buy at the bottom and sell near the top. LED “Harmonic Pattern Plus” is designed for use on multiple charts. Personally, I use it on 30 different hourly and 4-hour charts and wait for a good signal. I get a notification even when you do not find myself next to the terminal, as the indicator sends email-notification in the formation of a new harmonic model. On the day you will receive at least five trade opportunities. If you want to learn more about how to trade using the harmonic model, please send me a private message. This is a great trading strategy, and even a novice can use it.

Information for Beginners: What is harmonic pattern

Harmonic model was first used HM Hartley and Hartley model was presented in his book “Profits in the Stock Market” in 1935. Since then, professional traders have improved pattern and found other profitable model. Another useful source of harmonic model of trade – the book Scott M. Carney, Harmonic Trading (Profiting from the natural order of the financial markets). Each harmonic pattern consists of a plurality of lines connected to Fibonacci numbers. Therefore, the harmonic structures are seen as a natural representation of the reaction of traders and reflect trader psychology.

Given the statistical significance and profitability, proven by numerous professional traders pay attention to the harmonic pattern formed on the chart. Harmonic pattern shows a reversal point of the trend, providing the ability to enter the market faster than other traders. Therefore, your reward is often a lot more than your own risk. Indicator Harmonic Pattern Plus detects most known harmonic model. At the moment he is 9 different harmonic patterns. These 9 models are chosen by the author, as they tend to be superior to other models, and also have a longer history than the other models. Used models:

  • Butterfly
  • Gartley
  • Bat
  • Alternative bat
  • AB = CD
  • Shark
  • Crab
  • Cipher
  • models 5-0

Harmonic Pattern Plus MT4

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