Can't seem to get demo working. Are there any settings I should take into mind with strategy tester? Trying to run on eur/usd 5m chart, getting "not enough history" error for other pairs ... nzd/cad, aud/nzd,gbp/usd, etc

And is there a preferred time frame for this indicator. Trying to filter trades on 5m for eur and us session.

You need to download history of all 28 major Forex pairs:

EURUSD, GBPUSD , USDCHF, USDJPY, EURGBP, EURCHF, EURJPY, GBPCHF, GBPJPY, CHFJPY, USDCAD, EURCAD, GBPCAD, CADCHF, CADJPY, AUDCAD, AUDUSD, EURAUD, GBPAUD, AUDCHF, AUDJPY, EURNZD, NZDUSD, GBPNZD, NZDCHF, NZDJPY, AUDNZD, NZDCAD

Thanks! I got the history loaded. Running on 1h it's still not showing data on bottom panel. I have the look back days set to 1. Also, Getting error "TestGenerator: unmatched data (volume limit exceed at date/time) . Not sure if has to do with running in strategy tester? Attached screenshot

Hi there,

Thanks for reporting this bug. I'll release a new version that works with brokers providing suffix for their Forex pairs. I'll send you a private message as soon as the new version is out there so that you can upgrade your current version 1.10. 

Best,
Rasoul 

Thanks Rasoul! I just purchased it so please let me know as soon as you can. I'd love to incorporate this into my trading system.

Is there a way to incorporate this into my EA?  The ea builder I'm using now requires me to upload custom indicators to write my ea. Is this possible when purchasing through the market? Or do I need to figure out how to have me ea check this indicator before trading?

Thanks,

Nezar 

Thanks for purchasing this indicator.

I just run it on your broker demo account without any problem,

you need to enable all the symbols in your MT4's market watch,

Got it up and running on FXCM demo. This looks great so far

Here is the performance of the indicator on an EURUSD,M5 chart

Here is a template of an EA code that shows how you can read the buffers of the indicator in your EA,

#property copyright "Copyright 2016, Rasoul Mojtahedzadeh"
#property link      "https://www.mql5.com/en/users/rasoul/seller"
#property version   "1.00"
#property strict

#define YES 1
#define NO  0

enum ENUM_CURRENCY
{
   USD = 0, // USD
   EUR = 1, // EUR
   GBP = 2, // GBP
   CHF = 3, // CHF
   JPY = 4, // JPY
   AUD = 5, // AUD
   CAD = 6, // CAD
   NZD = 7  // NZD
};

//+------------------------------------------------------------------+
//| Expert initialization function                                   |
//+------------------------------------------------------------------+
int OnInit()
  {
//---
   
//---
   return(INIT_SUCCEEDED);
  }
//+------------------------------------------------------------------+
//| Expert deinitialization function                                 |
//+------------------------------------------------------------------+
void OnDeinit(const int reason)
  {
//---
   
  }
//+------------------------------------------------------------------+
//| Expert tick function                                             |
//+------------------------------------------------------------------+
void OnTick()
{
//---
   if(Volume[0]==1)
   {
      double eur_power = CSMRead(EUR,1);
      double usd_power = CSMRead(USD,1);
      Print("EUR = ",DoubleToStr(eur_power,4));
      Print("USD = ",DoubleToStr(usd_power,4));
      if(usd_power>0 && eur_power<0) 
      {
         // Open a sell position on EURUSD
      }
      else
      if(usd_power<0 && eur_power>0) 
      {
         // Open a buy position on EURUSD
      }
   }
}
//+------------------------------------------------------------------+
//| CSMRead() function                                               |
//+------------------------------------------------------------------+
double
CSMRead
(
   ENUM_CURRENCY currency,
   int bar,
   int lookbackdays = 1
)
{
   double power = iCustom(Symbol(),PERIOD_M5,"Market\\RFX Forex Strength Meter",
                          lookbackdays,YES,NO,NO,"",YES,YES,YES,YES,YES,YES,YES,YES,"",clrNONE,clrNONE,clrNONE,clrNONE,clrNONE,clrNONE,clrNONE,clrNONE,
                          (int)currency,bar);
   return(power);
}
//+------------------------------------------------------------------+

Hi,

can I confirm that this indicator is good for a long term view also? - I look at 1hr - 1WK charts. 

Also will the daily historical data be updated automatically with the paid version?

do you have a demo version you can email me?

jazzghatora@hotmail.co.uk

thanks

jazz

Hi jazzghatora,

You can use this indicator on H1 charts (setting the look back days to several days) to analyze the strength of two major Forex currencies for prediction of the future (the next week) alongside other standard chart analysis methods/tools. This indicator is one of few available ones that represents the fundamental status of major Forex currencies.

For your convenient, I enabled one month rental of the indicator at lower rate.

Best,
Rasoul 

The alert goes off when the place of the strongest and/or weakest major Forex currency on the current column of the panel changes. For example, if EUR is on the top (strongest) and CAD is on the bottom (weakest) of the Curr. column, and EUR goes one place lower or CAD goes one level upper, then there is a change in the configuration of the strongest/weakest currency which results in an alert notification.

Best,
Rasoul 

Hi Rasoul, 

I just stumbled on your indicator today while scouting for indicators for my technical analysis. 

I understand that it has an alert system. I'd like to know if you can update the indicator so that the alarm goes off when the strength of the strong currency against the weak reached a required threshold. 

For instance, EURUSD, EUR reaches 0.2 high while usd goes lower to -0.2. This will then trigger an alert so that the user starts looking for a buy opportunity. 

I hope you understand me completely.  

Do you have a version that can be used on other instruments (indices, commodities, metals etc)?

Also can this indicator calculate the strength from the start of the week? Start of the month? Start of the year?