according the "power of currency", we use 4hours to analysis then we start to know the strong pair and weak pair at the time.
4hour is optional can use 1hr or 1day
stop trading is optional when news/event happen in that hour.
starting to open positon at the london time 9.16, 10.16, 11.16, 12.16, 13.16, 14.16, 15.16 and 16.16
if 9.16 time
strong is gbp,
weak aud
then open trade
gbpusd buy,
audusd sell
if 10.16 time
strong is gbp,
weak eur
then open trade
gbpusd buy again,
eurusd sell
if 11.16 time
strong is usd,
weak eur
then open trade
eurusd sell
no other pair for sell.
if 12.16 time
strong is aud,
weak usd
then open trade
audusd buy
no other pair for sell.
if 13.16 time
strong is nzd,
weak eur
news announcement optional to stop trade
then open trade
nzdusd no trade
eurusd no trade
time for 14.16, 15.16 and 16.16, also same situation
close all position at the london time 16.59.
##update 24june##
1. "Power of currency" included usd, eur, gbp, cad, jpy, cad, nzd, sek and sgd.
1a) new currency can optional to add more.
2. "power of currency" The indicator shows the relative strength of currency/pair at the current moment in a period of time (H4, daily)?
3. H4 is Trailing 4 HOURS
For example
3a) 11,12,13,14 this is Trailing 4 hours
3b) 12,13,14,15 this is new Trailing 4 hours
3c) 13,14,15,16 this is new Trailing 4 hours
3d) 4hours optional adjust back default.
4. Daily is Trailing 24 HOURS
4a) time 02,03,04,05,.......22,23,00,01- this is Trailing 24 hours.
4b) time 05,06,07,08 .......,01,02,03,04 - this is new Trailing 24 hours.
4c) Daily is also Trailing 24 hours, optional adjust to back to default.
5. mt4 only
6. Auto trading every hours is according london time.
6a) Auto trading every hours is optional adjust time.
6b) Auto trading every hours is optional adjust to stop trade.
6c) Auto trading every hours is optional can select hours to trade or no trade, for example news announcement hours to stop trade.
7. Auto Closing all position, time is according London time 7a)Auto Closing all position optional adjust time.
6. EA can test and backtest in history tester.
# any change will update later#
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