MQL5: Traders' Blogs

Case Study for Ethereum

( from January 26, 2019 to January 29, 2019. )

Most people lost a lot of money trading Ethereum during that time frame. They did not know the trend was glowing red. They went long and lost.

In this screen shot, I circled the area in purple to show you where people went long and lost.

Congratulations, you've found an Easter Egg from me. So, here it is:

Recommendations for choosing an adviser on the Market

Significant price does not guarantee the quality of the adviser

You must have the offer "Rent", otherwise it seems that the author is afraid of disappointment when the adviser works on real accounts

The number of parameters of the adviser should not be too large. For example, no more than 20. It is unlikely that you will be able to master the management of an advisor with a large number of parameters, you will have to contact the author for settings in .Set files. And this means that you have only one parameter left - the Magic number. It is advisable to understand how to manage it before buying an advisor

First, a review of last week’s events:

- EUR/USD. Recall that the expert community was not able to form a more or less definite opinion on the movement of this pair last week. This was due to the lack of clarity on both Brexit and the US-China negotiations. In addition, analysts were waiting for the release of data on GDP in Germany and the EU, as well as inflation and retail sales in the US. And if Europe showed an expected growth of 1.2%, and Germany rose by 0.2% (from -0.2% to 0.0%), the data from the USA caused a strong alarm in the market. Retail sales fell by 1.2%, the maximum value in 10 years. As a result, the dollar index suspended growth and moved away from two-month highs.

The dollar has also stopped growing to the European currency. However, if we sum up the results of the whole five-day week, the victory nevertheless remained with the “American”: having started from the level of 1.1320, the pair finished the week at the level of 1.1295;

Forex case study for EURUSD from May 15, 2014 to March 13, 2015. 

The Trend was glowing red. Unfortunately, most people didn't know that. So, they lost a lot of their money in the Forex market trading the EUR/USD pair.

The radius that I circled in orange color are "Bull Traps". Most people didn't know the trend at that time, so they went long and lost a lot of money in the Forex market.

Here's a free Easter egg from me: If the trend is "glowing red", I only focus on selling at the highest possible price. If the trend is "glowing green", I only focus on buying at the lowest possible price.

This is a general discussion of the advisor Neural Hunter (MT4 + MT5).

The MT5 version is available in the market: https://www.mql5.com/en/market/product/35733

Общее обсуждение советника Neural Hunter (MT4 + MT5).

Версия для МТ5 доступна на маркете: https://www.mql5.com/ru/market/product/35733

The Swiss/Liechtenstein-based ‘Crypto Valley’ continues to boom: company numbers are up 20% in the past year to 750 in total, including four unicorns. Blockchain technologies remain highly attractive, despite the plunge in cryptocurrencies last year. Bitcoin, Ethereum and Ripple are down 75%, 85% and 60% since January 2018. Companies active in blockchain-based applications and solutions maintained the pace. Switzerland remains a major catalyst in this revolution. For instance, Swiss Infrastructure and Exchange (SIX), a major actor in the blockchain sphere, is expected to launch a digital exchange platform (SDX) that aims at accelerating trade orders and support security token offering (STO) at a later stage. SIX’s new distributed ledger platform is expected to improve efficiency and reduce operational risk while widening the range of tradable securities on its network. SIX would become the first market infrastructure that offers integrated end-to-end trading solutions (with settlement

It seems that oil traders stay optimistic about the outlook of oil prices. The rise in EIA crude inventories data seems to have become average, as attention turns to OPEC+ members which have decided to tighten oil supply further, allowing all three crude oil futures Brent, WTI and Shanghai to rise by +5%, +4.30% and +3% respectively, their highest range since 3 months. However, a comeback of growth slowdown concerns could counterbalance recent oil gains while foggy SinoAmerican trade talks remain. Indeed, the recent headlines have been supporting crude prices since US sanctions against Venezuela’s oil giant PDVSA causes supply shortages while US refineries whose configuration requires a combination of both light and heavy crudes in order to produce gasoline and diesel efficiently, poses short-term issues. Furthermore, December pledge from OPEC + to cut oil output by a joint 1.2 million bpd is taking effect. Saudi Arabia remains the largest contributor in output reduction, estimated at

Over the last few days, the greenback has been trading with an upward bias, remaining insensitive to the publication of economic data – good or bad. Indeed, the trade negotiation between the US and China remains the main driver in the FX market. The release of both January’s inflation data in the US and December retail sales didn’t affect much market participants. Headline inflation eased to 1.6%y/y - compared to 1.9% in the previous month and forecast of 1.7% - amid a collapse of oil prices during the first month of the year. Nevertheless, the core measure, which excludes the most volatile components, came in above forecast, printing at 2.2%y/y compared to 2.1% expected, which suggests that the underlying trend remains unchanged. However, geopolitical developments will remain at centre stage for now as investors continue to try to assess collateral damages from the China/US conflict on global growth. In addition, the Fed has switched to full “wait-and-see” mode and should maintain tha

The rise in inventories continues, and attention is turning to OPEC+ members which have tightened supply, pushing Brent, WTI and Shanghai future up by 4.15%, 3.13% and 2.95%, their highest in 3 months. US sanctions against Venezuela’s oil giant PDVSA is causing supply shortages while US refineries scramble to find alternative supplies. A December pledge from OPEC + to cut output by 1.2 million barrels per day is taking effect. Saudi Arabia made the largest cut, estimated at 450’000 bpd. A technical problem at its offshore Safaniyah field, where production can reach up to 1.5 million bpd, should be fixed in March. Russia’s vow to decrease production by 228’000 bpd by May should also support prices. Still, the macroeconomic outlook remains bearish in the medium-term. Weakening economic growth in the US, EU and Asia and a continued rise in US crude output should maintain Brent prices in a range of USD 60–70 in the coming months. Currently trading at 64.75, Brent is heading along USD 65 sh

December’s retail sales gave a stark reminder that the economy is not rosy anymore. They contracted 1.2% monthly in December versus +0.1% expected, and November’s figures were downwardly revised. This is the largest contraction since September 2009. Similarly, the gauge that excludes automobiles and gasoline slumped 1.4% monthly compared to forecasts of +0.4% and +0.5% in November. Why? First, the US federal government shutdown that started on 22 December sparked cautiousness among consumers and deprived civil servants of an income. Second, the December market sell-off was violent enough to remind both investors and consumers that a recession is still a possibility. There is a good chance that consumers increased saving at the expense of spending.