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Mini Currency Strength Meter

Mini Currency Strength Meter

Mini Currency Strength Meter is a PORTABLE (mini) currency strength meter created to measure/analyze currency strength and pass the information to the trader through a graphical display of each currency group's strength rates by percentage.

USAGE:
It is useful in two ways for trading:

1. Solo Trading

2. Basket Trading (Currency Group Trading)

HOW TO USE IT EFFECTIVELY

Solo trading: It can be used for solo trading by analyzing the strength of each group of currency. Take for instance, if USD group is having rates less than 30% and Group pair of EUR is having rates greater than 70% or there about, you can just pick EURUSD for trading since both of them have the currency concerned in the rating.

This means you will BUY EURUSD because EUR is stronger than USD at that moment. EUR is generally strong while USD is generally weak. Placing them together is a good idea of trading to get results. There is a good probability that you will always almost get it right without issues.

Try it with demo and see what I am taking about. It is a simple strategy and it works effectively for the traders using this method for their trading.

What you need next to do when you see a signal like this, check if the currency is in the news especially medium or high impacts news, if it is, then wait till after the news to see what will happen next before taking trade if the signal is still there. But if not, then head over to Minute time frame to see if the price is going according to the signal before entering the trade. Also mind the support and resistance levels if the price is approaching any of them, if it is, wait to see breakout or reversal before deciding what to do next.

Basket trading: It can be used for what is called "Basket trading". Basket trading is a group of a currency moving together in unison to the same direction. If the rate is below 50%, this means that the currency group is weak while the rate above 50% means that the currency group is strong. You will sell the currency group with weak rating while you will buy currency group with strong rating.

It may not be easy taking trades on each currency pair for the group, you will need a software to trade them together simultaneously, you can purchase our "Basket Trading Panel" Utility for such tasks and you will find basket trading an enjoyable and easy task otherwise be ready to take each trade on each currency of the group.

I may have to sound a note of warning, if you are not used to basket trading and you love to learn how to do it properly, you must start with demo trading and practice a lot of money-management with your account. But if you are a basket trader before, then you have the right tool for your basket trading.

POSITIONING:

You can decide to place your Mini-Currency Strength Meter anywhere on your chart window through the parameter setting.

Up/down Shift: 20 // Default setting, feel free to adjust according to your preference

Left/Right Shift: 20 // Default setting, feel free to adjust according to your preference

Other parameters:

Signals Popup Alerts: True/false

Signals Sound Alerts: True/false

Background Color: None by default

***Important: You can use this Mini Currency Strength Meter in conjunction with our "Full Forex Market View Dashboard" to derive an outstanding results always.

Cheers.

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L'indicatore mostra i punti di entrata e di uscita più appropriati. Inoltre, visualizza dati statistici su tutti i segnali per una migliore analisi del trading. Con l'aiuto di questo indicatore sarete in grado di comprendere meglio il mercato. Non appena la forza della tendenza inizia a indebolirsi (questo verrà mostrato sul pannello), la linea di tendenza graviterà verso la posizione orizzontale - questo è il segnale per uscire dal trade. Oppure si può uscire quando si raggiunge il livello
RelicusRoad Pro
Relicus LLC
4.73 (141)
Ora $ 147 (aumentando a $ 499 dopo alcuni aggiornamenti) - account illimitati (PC o MAC) Manuale utente di RelicusRoad + Video di formazione + Accesso al gruppo Discord privato + Stato VIP UN NUOVO MODO DI GUARDARE IL MERCATO RelicusRoad è l'indicatore di trading più potente al mondo per forex, futures, criptovalute, azioni e indici, fornendo ai trader tutte le informazioni e gli strumenti di cui hanno bisogno per rimanere redditizi. Forniamo analisi tecniche e piani di trading per aiuta
TakePropips Donchian Trend Pro
Eric John Pajarillaga Aldana
4.61 (18)
TakePropips Donchian Trend Pro   (MT4) è uno strumento potente ed efficace che rileva automaticamente la direzione del trend utilizzando il canale Donchian e ti fornisce segnali di trading di entrata e uscita! Questo indicatore multifunzione include uno scanner di tendenza, segnali di trading, pannello statistico, screener, sessioni di trading e dashboard della cronologia degli avvisi. È progettato per fornirti segnali di trading e farti risparmiare ore analizzando i grafici! È possibile scarica
Presentazione       Quantum Trend Sniper Indicator   , l'innovativo indicatore MQL5 che sta trasformando il modo in cui identifichi e scambi le inversioni di tendenza! Sviluppato da un team di trader esperti con un'esperienza di trading di oltre 13 anni,       Indicatore Quantum Trend Sniper       è progettato per spingere il tuo viaggio di trading verso nuove vette con il suo modo innovativo di identificare le inversioni di tendenza con una precisione estremamente elevata. *** Acquista Quant
PipFinite Volume Critical
Karlo Wilson Vendiola
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Volume Gives Depth To Price Action! Volume Critical can accurately locate the cheapest areas to place trades. Enter reversals as early as possible to get the best Risk Reward setups! Features Aggressive algorithm that anticipates reversals Volume Classifications Gray Histograms - Normal Volume, average market activity Orange Histogram - Trending Volume, increased market activity Pink Histograms - Overbought Volume, we can wait for further confirmation to sell Blue Histograms - Oversold Condit
FX Volume
Daniel Stein
4.61 (36)
Ricevi il tuo aggiornamento quotidiano sul mercato con dettagli e schermate tramite il nostro Morning Briefing qui su mql5 e su Telegram ! FX Volume è il PRIMO e UNICO indicatore di volume che fornisce una visione REALE del sentiment del mercato dal punto di vista del broker. Fornisce informazioni straordinarie su come gli operatori di mercato istituzionali, come i broker, sono posizionati sul mercato Forex, molto più velocemente dei rapporti COT. Vedere queste informazioni direttamente sul vo
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Opengates Success International
MULTIPLE ORDERS With Symbol and Time Frame Changer Multiple Orders Utility is created to give easy profits-making trades with a little movements and without going long distance to get it all. This Utility opens multiple orders as many trades as the number specified by the User or as many as permitted by your Broker in the same direction on the same currency pair simultaneously. The idea behind it, is that instead of running after 100 - 200 pips which may not likely be attainable in the re
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Opengates Success International
3 (1)
OPGTS Currency Strength Meter is an indicator created to measure and analyze the currency strength and pass the information to the trader through a graphical display of each currency group's strength rates by percentage. Each bar it shows represents the currency's strength or weakness. USAGE: It is useful in two ways for trading: 1. Solo Trading 2. Basket Trading (Currency Group Trading) HOW TO USE IT EFFECTIVELY Solo trading: It can be used for solo trading by analyzing the
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Opengates Success International
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Opengates Success International
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Opengates Success International
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Opengates Success International
OneClick Trades Panel Basic is a utility software created to open and also manage the open orders by closing each trades accordingly right from your charts. This version has few buttons and they are to open Buy and Sell trades, and also buttons to close Buy, Sell and all orders (both Buy and Sell) simultaneously. This is a basic version with minimal features. Features Buy - button used to open a Buy trades. Sell - button used to open Sell trades. Close Buy - button used to close Buy trades. Cl
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Opengates Success International
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Opengates Success International
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Opengates Success International
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Opengates Success International
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Opengates Success International
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Opengates Success International
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Opengates Success International
5 (2)
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Opengates Success International
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Opengates Success International
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Opengates Success International
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Opengates Success International
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Opengates Success International
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Opengates Success International
Forex Daily Percentage Calculator Forex Daily Percentage Calculator indicator is created for the Trader who cherishes the discipline of choosing only a percentage of their Trading account balance as profit per trade, per time or day. All you need to do is enter your desired percentage of your account balance, enable the notification popup alert to know when it has been attained so as to get out of the market till another day or trade. This helps the traders who are using it to determine a certai
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Opengates Success International
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Opengates Success International
Auto Chart Updater Indicator is created to update the window chart for any indicator, expert or any trading program receive fresh data retrieval at xx period interval set by the user as a preference. It is laced with on-chart Candle clock to give the user the sense of time when the updater would refresh the chart or the remaining time for the candle/session to end. It also has an option for the user to choose when exactly does he/she wants the Updater to update the chart. The User can also selec
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Opengates Success International
MINI FFMV Dashboard MINI FFMV Dashboard is a MINIATURE custom indicator of FULL FOREX MARKET-VIEW DASHBOARD created to give the Traders a full view of what is going on in the market. It uses a real time data to access the market and display every bit of information needed to make a successful trading. It shows as many as 30 currency pairs or as allowed to display in the Market Watch of your MT4 USAGE: For Solo Trading For Basket Trading (See the screenshot on how) COMPONENTS: Trend: Overall tren
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Opengates Success International
1 (1)
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Opengates Success International
MicroMini FFMV Dashboard This is a custom indicator created to give Traders a full view of what is going on in the market. It uses a real time data to access the market and display every bit of information needed to make successful trading. THIS IS A MicroMini size of the FULL FOREX MARKET VIEW DASHBOARD INDICATOR. This is for those who don't like the Indicator to cover all the charts and for those who don't like BOGU S things. They practically perform the same operation but MicroMini FFMV Dashb
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Opengates Success International
MicroMini FFMV Dashboard+CSM This is a custom indicator created to give Traders a full view of what is going on in the market. It uses a real time data to access the market and display every bit of information needed to make successful trading. To add value to the trading operation, Currency Strength Meter is added to it in order to consolidate the effective work of this indicator. THIS IS A MicroMini size of the FULL FOREX MARKET VIEW DASHBOARD INDICATOR with CSM added. This is for those who
Mini Crypto Trading Dashboard
Opengates Success International
Micro Crypto Trading Dashboard This is a custom indicator created to give CRYPTO TRADERS a full view of what is going on in the Crypto market. It uses a real time data to access the market and display every bit of information needed to make successful trading. This is a Micro size of the Compact Crypto Market Trading Dashboard Indicator created mainly for trading Crypto Currencies Markets for a living. They practically perform the same operation but MicroMini FFMV Dashboard has a few feature
Compact FFMV Dashbaord
Opengates Success International
Compact FFMV Dashboard Compact FFMV Dashboard is a little trimmed custom indicator of FULL FOREX MARKET-VIEW DASHBOARD created to give the Traders a full view of what is going on in the market. It uses a real time data to access the market and display every bit of information needed to make a successful trading. It shows as many as 30 currency pairs or as allowed to display in the Market Watch of your MT4 USAGE: For Solo Trading For Basket Trading (See the screenshot on how) For Signal confirmat
GridBreakTimeSuper
Opengates Success International
GridBreakTimeSuper is a Utility created based on grid trading strategies. It opens any number of Buystops and Sellstops orders respectively as defined by the User with a predetermined gap up and down from the current price as also set by the User. This EA works based on time set by the User for opening and closing of all orders and trades once in a day according to the time set by user. The general idea here is that each currency pair has specific time that breakout is always most likely as ther
Multiple Orders
Opengates Success International
5 (1)
MULTIPLE ORDERS UTILITY Multiple Orders Utility is created to give easy profits-making trades with a little movements and without going long distance to get it all. This Utility opens multiple orders as many trades as the number specified by the User or as many as permitted by your Broker in the same direction on the same currency pair simultaneously. The idea behind it, is that instead of running after 100 - 200 pips which may not likely be attainable in the record time or may NOT even b
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Versione 1.2 2019.08.02
These were the updates done to it:

* Periodical updates and chart refreshing were successfully added.

- The user can now choose the time he/she wishes for OPGTS Mini Currency Strength Meter (CSM) to update for fresh data.

-These are the time/periods that can be used:

=> M1 = 1, M5 = 5, M15 = 15, M30 = 30, H1 = 60, H4 = 240, D1 = 1440 & W1 = 10080 and it shall updates when the time interval reaches. Any value apart from these will not work with the indicator!

* The user can place the indicator on any time frame but it will return to the user's selected period in the parameter setting. This means that the user can select the Time-frame window he/she wants the indicator to be while it updates.

* The background color can be chosen now according to the user's preferences.

More updates to come later due to the Users' experiences and comments.

Thanks
Versione 1.1 2019.07.15
The codes were re-engineered to improve its performances.

It was also given a touch to increase the data retrieval speed for timely information passage to the Trader.

More updates are coming based on the user's experiences and more research to make it work better.

Thanks for your interest.