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Specification
Currency Strength Robot is a unique counsellor to determine short term strength of any currency.
The strength of each currency is determined by the index currency with the power of the 7 other major currencies. The adviser continuously monitors the price movement for currency pairs 28 and 56 combinations; o taking the following considerations
The volatility of prices.
Short-term price range.
Short-term price action and candle formation.
The concept of the EA on the currency strength is measured based on the time period in which it is installed.
Manual settings
A strong currency is indicated in GREEN above 7.0.
A weak currency, marked in RED below 2.0.
Currencies that are GRAY are not trending.
If all currencies are GREY, then the EA will wait for a better time to trade. In fact, this is a great open position, if it is correct. As soon as a currency becomes STRONG or WEAK indication, it is possible to obtain some good items.
This EA always trades on a pair that is weak / strong or Vice versa.
How does the counselor?
The adviser takes readings from every Forex pair over the last 24 hours, and applies calculations to each. EA then connects each bound pair in a separate currency (e.g. EUR / USD, GBP / USD, USC / CAD, AUDUSD, NZDUSD etc.), Finds the current power and then automatically opens a position.
How can this help me?
It is the advisors that allow you to automate analytical and trading processes in any currency will be opened position, and which you should give up. For example, if a certain currency is very strong, and another suddenly becomes weaker, this EA finds a trading opportunity.
Such deviation between pairs usually indicates momentum. Conversely, if two currencies are weak, strong or medium-strength, often there is a movement in the range or to the side.
How often is the data updated for the EA?
It checks the data Forex real time every tick and determines your current strength. The changes will appear automatically without your updates.
Markets: Excels extremely well in trending style markets.
Time Frames: All timeframe works.
Frequency: Depending on the layer 100 pips settings about random trades a week per currency pair.
Currency: Major pair.
Automated: 100% fully automated trading system.
Description: A very unique trading strategy that is simple to use. Manages all trade settings: the trailing.
Format: The fully automated version is only available in MetaTrader MT4 Expert Advisor format.
Brokers: Works with 5 digit currency pairs. Compliant with all types of Brokers (NDD, ECN, or STP) supporting the MetaTrader Platform.