FX Power MT5 NG
- Indicators
- Daniel Stein
- Version: 4.41
- Updated: 16 October 2024
- Activations: 20
Trading GOLD, and currencies, with the breakout strategy - super easy
Visit our all-new Stein Investments Welcome Page to get the latest information, updates and trading strategies.
FX Power MT5 NG is the next generation of our long-time very popular currency strength meter, FX Power.
And what does this next-generation strength meter offer? Everything you have loved about the original FX Power
PLUS
- GOLD/XAU strength analysis
- Even more precise calculation results
- Individually configurable analysis periods
- Customizable calculation limit for even better performance
- Special multi-instance settings for those who want to see more
- Endless graphical settings for your favorite colors in every chart
- Countless notification options, so you never miss anything important again
- Our new design with rounded corners in the style of Windows 11 and macOS
- Magically moving indicator panels
- Complete strength history of all major currencies
- History of currency strength across all time frames
- Identical calculation results at all brokers and charts
- 100% reliable real-time calculations -> no repainting
- Selectable analysis periods via a drop-down list
- Individually configurable analysis periods via the custom mode
- Several instances within one chart possible
- Movable FX Power display (via drag-and-drop)
- Suitable for high resolution QHD, UHD and 4K displays
- Automated terminal configuration
- Optimized for tablet and touchscreen usage
- Alerts via e-mail, message, and mobile notifications
- Accessible buffers for EA requests
How to trade with FX Power?
Use the FX Power histogram buttons to display the currency lines you need, and compare short and long-term analysis to determine efficient combinations.
A. Trade "crossings" of currency histogram lines- BUY if EUR crosses USD upwards
- SELL if EUR crosses USD downwards
B. Trade confirming patterns of different analysis periods
- Run two FX Power instances, e.g. 1 hour and 8 hours
- Buy EURUSD if EUR is stronger than USD at both periods
- Sell EURUSD if EUR is weaker than USD at both periods
C. Trade the correlation of single currencies
- BUY if EUR and CHF are stronger than USD
- SELL if EUR and CHF are weaker than USD
The FX Power analysis is completely independent of any chart time frame.
If you select 1 day, FX Power considers the entire historical data of the past 24 hours beginning from this second to determine the currency strength.
If you select 1 week, FX Power considers the entire historical data of the past 5 trading days beginning from this second to determine the currency strength.
Example: If you trade the D1 chart time frame, we recommend using an analysis period of 1 or 2 weeks. 1 week is a bit faster, 2 weeks is a bit smoother.
Finally, it's up to you which analysis period suits your trading style best
FX Power Parameters
The utmost parameters are self-explaining, but we'll provide you with a full description of all FX Power parameters in a separate article soon.
Copyright Stein Investments
This indicator is criminally underrated on this site. The quality, value and precision on offer here are simply remarkable. If you have an idea what this indicator can do for your trading and you're on the fence about purchasing it, let me be the one to tell you to not hesitate. You will not regret it. Daniel is serious and professional about his after-sales service as well. It's my pleasure to support such a high-quality product and awesome developer.