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For a better and faster service please send your questions

Via email to bernhardfxcontact@gmail.com

Or via Skype (bernardo33), you can also click on the Skype button in the right corner of my profile picture.

Now...

I will update the user manual in the coming days. So be sure to read it.

The manual is here

https://www.mql5.com/en/blogs/post/708783

https://youtu.be/7H-fhQZBDak

do you make money trading or just selling indicators? please sell course on how to be profitable with your indicators

Trading System Strategy now in Spanish.

Fuerza Monetaria de 28 pares con Sistema de Impulso de Comercio.

https://www.mql5.com/es/blogs/post/709624

Amigos, como agradecimiento para mis clientes de habla en Español, contraté un traductor para facilitar la comprensión. Les deseo a todos lo mejor…

Blog en Español: Clic aquí. (Original blog in English: click here.)

A winning strategy

The 28Pairs Currency Strength Trading System - also known as Double-GAP Strategy - is our primary trading philosophy and is based on exploiting individual currency strength and weakness.

The principle idea is buying strength and selling weakness. This is a fundamental strategy for investors in all marketplaces. Most amateur retail traders in Forex either ignore this winning strategy or are unaware of it.
With this strategy, we look at individual currencies rather than currency pairs and then buy the strong currency and sell it against the weak currency. This will give your trading a real edge.

When we refer to the Market we mean THE 8 main currencies and the 28 FX pairs that are derived from those 8 currencies.

The market has to be seen always in equilibrium. If one currency is bought some other(s) must be sold. This we could call her money flow. (We may use terms in a different way as they are used usually on this site).

When we analyze the market we look at the whole market which to us is 8 currencies and 28 pairs. (Exotic pairs are not included for now.)

When most traders look at a chart to find a trade setup they would need to check 28 charts to understand what the Forex market is doing. When you use the Currency-Strength28 strategy you only look at currencies, not pairs, and for that, we need to check only ONE CHART! Do you understand now the edge?

The 8 main currencies which are:

US Dollar, Euro, Yen and Pound, these are the most important because they have the largest trading volume, then there are Swiss Franc, Australian, Canadian and New Zealand Dollars.

Each single currency belongs to a single economy. Some currencies are trending up some currencies are trending down, this information you can not see from a single pairs chart. For example: if the EURUSD pair is trending up you do not know why from looking at a single chart. Maybe the Euro is strong and the USD is flat or the Euro is flat and the USD is weak or even both are strong and the Euro is just stronger. Remember in any chart there are two currencies they are called the BASE and the QUOTE currency.

To maximize your wins and minimize your losses you need to know what an individual currency is doing in the context of the whole market. Staying with our EURUSD example: an EURUSD chart will show you only 1/28th of the market so you only have a small amount of information to base your trading decision on. Given that each currency can be paired with 7 other currencies you should be basing your trade decision on the information that all 14 pairs give you. By using the CStrength28 indicator you can get all that information from just the one chart.

Now you may know all of that already but stay put we will add new kind of technical analyses!

The goal of the strategy is to find out the sentiment of the market and which pair is good to trade and which pair is not.

The double-GAP (dGAP) is always a currency move in the opposite direction. It is the separated currency strength change of the base and the quote currency.

Now we will study how to trade  currency strength with multiple time frames.

First of all I trade all TFs and a word to money management. You have to apply the position size to it. Bigger TF, bigger SL, bigger TP, smaller lot size, longer run time! But with higher TF spread becomes less important and so we can trade more pairs. Conservative is a risk of 1% to 0.5% of account per trade. So do some math, first check how much have to be the SL then calculate the lot size with the risk to it.

Try to stay in the trend of the higher TF and get your entry on the lower TF. The higher TF should be at least 4 times bigger. So m15 and m30 would be to near. A rule of say it must be 2 TFs higher would not work in every cases. D1 is 6 times bigger then H4 so this is same relation like m5 and m30 which is also 6 times more but if we say its 2 TFs higher, so this is relative. There should be a H12 but mt4 don't have. That's why H4 and D1 will work like a 2x TF higher.

That's why the Advanced Dashboard for Currency Strength and Speed is checking at least 3 TFs in a row.

• A ROW is highlighted if 3 or more BLOGS agree.
• It will check if Currency Strength is in agreement for at least 3 TFs in a row.
• It will check if Currency Strength SPEED (Impulse) is in agreement for at least 3 TFs in a row.
• It will check if a BASE and a QUOTE currency is in agreement for at least 3 TFs in a row.

This DASHBOARD is very powerful piece of software working on 28 currency pairs.  It is based on 2 of our main indicators (ACS28 and Impulse).  It gives a great overview of the entire Forex Market.  It shows Advanced Currency Strength values, currency speed of movement (Impulse) and signals for 28 Forex pairs in all (9) time-frames.

The COLUMNS shows from left to right: Currency-TREND, Currency Names, M1 Currency Strength and Currency SPEED and if highlighted a 3-blog rating, then followed for all other timeframes M1, M5, M15, M30, H1, H4, D1, W, MN.

The ROW shows: Multi-timeframe currency-strength and speed analysis. A ROW is highlighted if 3 or more BLOGS agree.

Always pair a weak and a strong currency when trading and this new indicator will help you do just that.

The PATTERN: If there is a 3-ROW blogs of opposite values (green=bulls, red=bears) a button will show below the timeframe colomn with a suggested pair (green=buy, red=sell). If there are multiple results the one with the strongest rating will be choosen. An Alert will then popup. The last Alert is also printed in the first row with the time in orange. You can choose between broker time and your local computer time. Click on the button to open the symbol with the matching timeframe.

The Color Code shows: Currency-Strength 7 colors: strong extreme/stronger/strong/neutral/weak/weaker/weak extreme. Pay attention to the extreme levels (Yellow and pink = extreme). Pullbacks are expected when Currency-Strength levels reaching higher then 161/261 or lower then -161/-261 of the dynamic Market Fibonacci levels (which are printed in the dashboards numbers). This might be a good time to take profits or to trail the SL into profit. Scalpers can watch out for pullback trades when speed (second number) is inverting the Currency-Strength. The extreme levels are optimized for each timeframe because Minute charts are more volatile then Daily, Weekly, Monthly.

Always keep an eye on extreme levels. It means Currency Strength is overbought or oversold and likely to pullback or reverse. Then do not enter. Choose another pair or TF.

The above mentioned extreme levels per each timeframe are defined in following indicator parameters:

=== Currency Strength TF Settings

• Extreme Level M1 (Extreme Color Level Per time-frame. See below color code.)
• Extreme Level M5
• Extreme Level M15
• Extreme Level M30
• Extreme Level H1
• Extreme Level H4
• Extreme Level D1
• Extreme Level W
• Extreme Level MN

The Color Code for strong extreme and weak extreme will be applied if Currency Strenght reach those levels in those timeframes.

Choose the timeframe for which you want to receive an alert. Apply it to your needs/trading style.

• Alerts for M1 Strength (Default false)
  
• Alerts for M5 Strength (Default false)
• Alerts for M15 Strength (Default false)
• Alerts for M30 Strength (Default true)
• Alerts for H1 Strength (Default true)
• Alerts for H4 Strength (Default true)
• Alerts for D1 Strength (Default false)

By default, the alert for M1, M5, M15, and Daily is set off. If you wish to receive those alerts change it to true.

If you want to test the demo via strategy tester make sure to download following chart data via MT4 first.

All USD-pairs: AUDUSD, EURUSD, GBPUSD, NZDUSD, USDCAD, USDCHF, USDJPY.

To open History Center press F2.

Open folder Forex Majors and Forex Minors.

Download all Forex Majors: AUDUSD, EURUSD, GBPUSD, USDCAD, USDCHF, USDJPY.

Then check Forex Minors and download NZDUSD.

Now you can test the demo with the strategy tester, start with on EURUSD M1 for a yesterdays date.

• Copy attached template into your templates folder! (download below)
• Open all USD-pairs in the same time frame to load history.
• Choose Symbol and TF (Start with M1 EURUSD) for other Minor Pairs you need to download the history data first!
  
• Choose time with max 1000 bars back until today. (Try the first time only from date yesterday until today!)
  
• Set speed or pause
• Drag sub-window bigger

First feedbacks :)