FX Power MT4 NG
- Indicators
- Daniel Stein
- Version: 4.42
- Updated: 16 October 2024
- Activations: 20
Trading GOLD, and currencies, with the dog walk strategy - super smart
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 MT4 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
Sleek User Interface and "reflective" overall presentation. It is another well-done product.