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Why should brokers give away free MT4 EAS and indicators to customers?
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By tradinglounge · Posted
TXN Elliott Wave Analysis Trading Lounge Daily Chart, Texas Instruments Inc., (TXN) Daily Chart TXN Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Intermediate (1) DIRECTION: Acceleration in wave 3. DETAILS: Looking for upside in wave 3 as we seem to have had a shallow wave {c} of 2, potentially indicating a strong upward momentum. TXN Elliott Wave Analysis Trading Lounge 4Hr Chart, Texas Instruments Inc., (TXN) 4Hr Chart TXN Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: Motive POSITION: Wave {i} of 3. DIRECTION: Top in wave {i}. DETAILS: Looking for a pullback in wave {ii} as we top in wave {i} to then look for additional longs, looking for 172$ to provide support. We conducted a detailed Elliott Wave analysis for Texas Instruments Inc. (Ticker: TXN), examining both its daily and 4-hour chart movements. This analysis aims to provide valuable insights into potential future price movements for traders and investors interested in TXN stock. * TXN Elliott Wave Technical Analysis – Daily Chart* Texas Instruments Inc. is currently exhibiting a strong impulsive trend, characterized by a motive structure placed in Intermediate wave (1). The stock is anticipated to experience acceleration in wave 3 following a shallow wave {c} of 2. This suggests a robust upward momentum, signaling favorable conditions for bullish positions. * TXN Elliott Wave Technical Analysis – 4Hr Chart* On the 4-hour chart, TXN's impulsive trend is further evident, with the stock positioned in Wave {i} of 3. As the stock approaches the top in wave {i}, a pullback is expected in wave {ii}. This corrective phase presents an opportunity for traders to consider additional long positions, with the key support level identified around $172. Technical Analyst : Alessio Barretta Source : Tradinglounge.com get trial here! -
The yen trades at 34-year lows versus the US dollar as the Bank of Japan kicks off its two-day monetary policy meeting. USD/JPY reached the June 1990 peak at ¥155.56 while EUR/JPY is fast approaching the October 2007 high at ¥167.74. Asian stocks were mixed and a lower open is expected for European stock markets following disappointing after-hours Q1 US earnings by the likes of Meta Platforms which dropped by 15%. In the US preliminary Q1 GDP, initial jobless claims and pending home sales are on the agenda while in Europe German Bundesbank President Nagel will speak at 4:15pm ahead of Friday's US PCE inflation data release. -
By Ryan_Anderson · Posted
In the global geopolitical landscape, gold is often seen as a safe haven asset. However, recently, due to easing tensions in the Middle East, market overbuying, and the potential rise in long-term interest rates, gold prices have experienced their largest drop in nearly two years. Ryan Anderson, from the perspective of a financial analyst, discusses the impact of these factors on gold and the entire financial market, providing in-depth analysis and strategic advice for the current market environment. Ryan Anderson points out that the decline in gold prices reflects the reactions of investors to the easing geopolitical tensions and its impact on market sentiment. As concerns about potential conflicts between Israel and Iran diminish, market participants are adjusting their risk preferences, leading to a decline in gold prices from their highs. Additionally, other factors such as overbuying in market technical positions and the potential rise in long-term interest rates are prompting investors to reevaluate their decisions to hold gold. After a thorough analysis of the factors affecting the gold market, Ryan Anderson mentions that although gold prices have been hit hard in the short term, they remain a valuable asset driven by various factors in the long term. First, while geopolitical uncertainties have temporarily eased due to the Middle East situation, global instability factors persist, such as US-China trade relations and political turmoil in Europe. These factors could potentially increase the demand for gold as a safe haven at any time. Second, the trend of central banks buying gold may continue in the coming years, especially in Asian markets. Stable growth in gold demand from consumers in China and India, especially during festive and wedding seasons, will further support its price through physical purchases. Additionally, with investor concerns about long-term inflation, the role of gold as a hedge tool may be reassessed and emphasized. Ryan Anderson also points out that technical analysis shows that a pullback in gold prices after rapid gains is a common market adjustment behavior. This price adjustment provides potential investors with entry opportunities. Therefore, for those seeking medium to long-term investments, the current price level may be an attractive entry point. In conclusion, although the gold market has recently experienced significant declines, this volatility reflects more of a reaction to immediate news rather than a change in long-term value. According to the analysis of Mr. Anderson, gold remains attractive as a long-term hedge tool. Investors should allocate gold assets reasonably based on their risk preferences and investment objectives.
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Question
Guest EA-trader
Automation is the future, wall street is also going to shed jobs, in favor of automation.Manual trading is difficult and not easy to master, despite having all the knowledge.this is where automation helps.
https://www.bloomberg.com/graphics/2017-wall-street-robots/
A lot of analysis and reports can be done on mt4 .All these analysis required on the following thread can be done on MT4.
https://community.ig.com/t5/IG-Trading-Support-and/Who-would-like-a-trade-analysis-tool/m-p/25143#M821
A coder can do this job for IG under $500. maybe less than $250.This thread is not to comment on the other thread.
Indicators are analysis tools ,they give traders buy sell analysis information, before entering a trade.There are many mt4 indicators that are far superior to the free indicators, many give pin point accuracy and entry signals.Custom price action indicators ,like raw price action indicators give instant analysis of price action, there are many other custom indicators which can be also useful.These provide useful and accurate analysis.
Expert advisors are also very useful, they keep a lot records of losses,profits and trades history.Expert advisors will automatically trade and place bets on MT4, automated gambling by a software bot. Expert advisors can be profitable ,if created by the traders who know about profitable trading ,unfortunately most expert advisors are created by the blind leading the blind i.e. internet marketeers ,amateurs and learners.Providing expert advisors is definitely the future,for brokers who want to increase long term retainable profitable clients and also increase spread income.
The cost of all these gadgets to traders can be a few thousand pounds, it would be enormously beneficial to traders.Traders would trade more and lose less,if they used expert advisors.
I am showing you my trademanager Expert advisor ,that I use for managing trades on MT4 at IG.This is the trade manager EA only used for managing trades.All I do is place the trade manually, trade manager ea will do the rest.
This trade manager costs $500 to design ,test and code.It can be coded for a $100 dollars privately by a coder.If a broker was to give out a trade manager to many clients, i.e thousands of clients , the cost is only $50 cents per 1,000 clients or 5 cents per 10,000 clients..It will be very useful to many customers, I am sure spread income for the broker would increase.I simply place a trade manually and the trade manager ,manages the entire trade.
There are almost 20 different expert advisors ,these use different systems . they would not cost more than $10,000 for a broker to give away, all these expenses are worth the money, because it will surely increase customers,spread income and long term clients.
How many of you would like free custom indicators, trade manager EA to manage trade and other expert advisors?Should the broker provide these , or should traders have them made at MQL4?I have all these automated tools for fully automated trading, so I do not need these tools from a broker.
[Mod edit - please refrain from posting this link to a market place again]
Edited grammar
trademanager Expert advisor settings below
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