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OPGTS Currency Strength Meter

85 USD

Demo indirildi: 33

Yayınlandı: 24 Haziran 2019

Mevcut sürüm: 1.3

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OPGTS Currency Strength Meter

Göstergeler
Opengates Success International
Sürüm: 1.3
Güncellendi: 2 Ağustos 2019
Etkinleştirmeler: 10

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 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 stronger while USD is generally weak. Therefore 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, 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 OPGTS Currency Strength Meter anywhere on your chart window through the parameter setting.

Up/down Shift: 10 // 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: Black 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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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

120 USD

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

50 USD

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

120 USD

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

150 USD

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FX Optimist 2019.07.17 06:49 #

Review pending further work by the developer. This looks like a good system to evaluate currency strength.

Sürüm 1.3 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 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 whole indicator pack 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 from the parameter setting.

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

* Candle time was also added for the user to know the remaining time for the bar/candle according to the chart it was attached and the updates to take place.

* Updating Alert popup was also added to be aware of when the indicator updates. The user can disable this if not needed.

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

Thanks

Sürüm 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.