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FX Power MT4 NG

5

Trading GOLD, and currencies, with the dog walk strategy - super smart

Trading GOLD, and currencies, with the breakout strategy - super easy

Visit our all-new Stein Investments Welcome Page to get the latest information, updates and trading strategies.

FX Power MT4 NG is the next generation of our long-time very popular currency strength meter, FX Power. 

And what does this next-generation strength meter offer? Everything you have loved about the original FX Power 

PLUS

  • GOLD/XAU strength analysis
  • Even more precise calculation results
  • Individually configurable analysis periods
  • Customizable calculation limit for even better performance
  • Special multi-instance settings for those who want to see more
  • Endless graphical settings for your favorite colors in every chart
  • Countless notification options, so you never miss anything important again
  • Our new design with rounded corners in the style of Windows 11 and macOS
  • Magically moving indicator panels 


FX Power Key Features
  • Complete strength history of all major currencies
  • History of currency strength across all time frames
  • Identical calculation results at all brokers and charts
  • 100% reliable real-time calculations -> no repainting
  • Selectable analysis periods via a drop-down list
  • Individually configurable analysis periods via the custom mode
  • Several instances within one chart possible
  • Movable FX Power display (via drag-and-drop)
  • Suitable for high resolution QHD, UHD and 4K displays
  • Automated terminal configuration
  • Optimized for tablet and touchscreen usage
  • Alerts via e-mail, message, and mobile notifications
  • Accessible buffers for EA requests

How to trade with FX Power?

Use the FX Power histogram buttons to display the currency lines you need, and compare short and long-term analysis to determine efficient combinations.

A. Trade "crossings" of currency histogram lines
  • BUY if EUR crosses USD upwards
  • SELL if EUR crosses USD downwards

B. Trade confirming patterns of different analysis periods

  • Run two FX Power instances, e.g. 1 hour and 8 hours
  • Buy EURUSD if EUR is stronger than USD at both periods
  • Sell EURUSD if EUR is weaker than USD at both periods

C. Trade the correlation of single currencies

  • BUY if EUR and CHF are stronger than USD
  • SELL if EUR and CHF are weaker than USD


How to choose the right analysis period?


The FX Power analysis is completely independent of any chart time frame.

If you select 1 day, FX Power considers the entire historical data of the past 24 hours beginning from this second to determine the currency strength.
If you select 1 week, FX Power considers the entire historical data of the past 5 trading days beginning from this second to determine the currency strength.

Example: If you trade the D1 chart time frame, we recommend using an analysis period of 1 or 2 weeks. 1 week is a bit faster, 2 weeks is a bit smoother.

Finally, it's up to you which analysis period suits your trading style best


FX Power Parameters

The utmost parameters are self-explaining, but we'll provide you with a full description of all FX Power parameters in a separate article soon.


Copyright Stein Investments

Reviews 8
David T
226
David T 2024.04.16 04:05 
 

I rented this for 3 months...after about a week or so I simply love it...read the tips and blogs...and I can see that it is a VERY good indicator. Can't monitor it for too long as I work full-time but the history shows some very good entries...patience is always the key...have to wait for a setup. Multi-time frame length is the best option in my opinion. Still study the finer points but after this short time of seeing it I am very impressed.

Update..just closing off my 2nd week with this indicator...simply love it...I think it is THE BEST currency strength indicator there is period. But you have to observe how price reacts and how the lines of the indicator are telling you. The secret of this indicator in my opinion is using multiple TFs. So many options available in the settings simply well done.

MatyasK2
252
MatyasK2 2024.03.02 18:06 
 

Since using this tool I finally see more profits in blue :) Very well calculated currency strength, especially the possibility to choose from many calculation timeframes. After some practising it's really possible to pick up good opportunities to trade. As a bonus you receive superb & fast support from Daniel. Thanks !

jozec
71
jozec 2024.02.29 13:30 
 

Fx Power was a game changer for me and will recommend it to anyone that is serious about trading. It is very reliable if you know what you are doing and would advise that people apply the strategies suggested by Daniel for Fx Power, sometimes we want to re-invent the wheel which can be counterproductive.

On support, Daniel has been very supportive to me even on issues beyond Fx Power and would like to say a big thank you to him here.

Thanks Daniel and keep the good work going.

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David T
226
David T 2024.04.16 04:05 
 

I rented this for 3 months...after about a week or so I simply love it...read the tips and blogs...and I can see that it is a VERY good indicator. Can't monitor it for too long as I work full-time but the history shows some very good entries...patience is always the key...have to wait for a setup. Multi-time frame length is the best option in my opinion. Still study the finer points but after this short time of seeing it I am very impressed.

Update..just closing off my 2nd week with this indicator...simply love it...I think it is THE BEST currency strength indicator there is period. But you have to observe how price reacts and how the lines of the indicator are telling you. The secret of this indicator in my opinion is using multiple TFs. So many options available in the settings simply well done.

Daniel Stein
91144
Reply from developer Daniel Stein 2024.04.16 15:57
Dear David, thank you very much for this wonderful feedback. It’s highly appreciated. 🙏🙂
MatyasK2
252
MatyasK2 2024.03.02 18:06 
 

Since using this tool I finally see more profits in blue :) Very well calculated currency strength, especially the possibility to choose from many calculation timeframes. After some practising it's really possible to pick up good opportunities to trade. As a bonus you receive superb & fast support from Daniel. Thanks !

Daniel Stein
91144
Reply from developer Daniel Stein 2024.03.02 19:40
Dear Matyas, thank you very much for this wonderful feedback. It’s highly appreciated. 🙏🙂
jozec
71
jozec 2024.02.29 13:30 
 

Fx Power was a game changer for me and will recommend it to anyone that is serious about trading. It is very reliable if you know what you are doing and would advise that people apply the strategies suggested by Daniel for Fx Power, sometimes we want to re-invent the wheel which can be counterproductive.

On support, Daniel has been very supportive to me even on issues beyond Fx Power and would like to say a big thank you to him here.

Thanks Daniel and keep the good work going.

Daniel Stein
91144
Reply from developer Daniel Stein 2024.02.29 13:40
Dear jozec, thank you so much for this wonderful feedback. It's highly appreciated. 🙏🙂
mzambrano2020
104
mzambrano2020 2024.02.15 01:55 
 

Good day Traders. Initially I bought IX Power because I have always worked mostly with indices, Nasdaq, US30, SP500, surprised with the effectiveness of that tool, I decided to buy Fx Power for everything related to forex, this is how I started trading major and minor pairs with a success rate very high. Clear, precise tools, with good documentation and excellent developer support.

Daniel Stein
91144
Reply from developer Daniel Stein 2024.02.15 08:28
Thank you very much for this wonderful feedback. It’s highly appreciated. 🙏🙂
redneedle
461
redneedle 2023.12.23 18:22 
 

it is very sharp and refined tool with clean view on the moment to get in and out, - a real a decision maker. I'm pleased to have it in my day trading

Daniel Stein
91144
Reply from developer Daniel Stein 2024.02.15 08:36
Thank you very much for your positive feedback. 🙏
Ingo Reimann
183
Ingo Reimann 2023.12.21 16:11 
 

The best and most precise product that I have had the pleasure of getting to know in my trading career. I can recommend it to everybody. Since I started using these products, trading has also been working. The support from the developers and the community are also in a class of their own.

Daniel Stein
91144
Reply from developer Daniel Stein 2023.12.21 16:32
Dear Ingo, thank you very much for your outstanding feedback. It's highly appreciated, and we're more than happy having members like you in our trading group. 🙂
bjoern2811
369
bjoern2811 2023.11.26 17:23 
 

The indicator:

No matter what time period you trade in, it immediately gives you a precise overview of which currency is currently weak and which is strong. There are various setting options for all time frames as well as a notification when a currency experiences a strength/weakness range has been reached or when the lines of a currency pair cross, everything can be freely adjusted.

The service:

Daniel & Alan offer great support in the Telegram group, if you have any problems or questions, they answer them in no time. The members themselves also provide help and insights into their trading. In addition, there is the daily market analysis that Daniel provides.

The conclusion:

For me, FX Power NG is the best currency strength tool on the market. Add to that the great service that Daniel & Alan provide.

Thank you for everything

Daniel Stein
91144
Reply from developer Daniel Stein 2023.11.26 18:10
Thank you very much for this wonderful feedback. It’s highly appreciated. 🙏🙂
richiewillie2us
310
richiewillie2us 2023.10.08 16:56 
 

I set up two timeframes of this indicator and within 5 seconds I can have an accurate image in my mind as to what the currencies are doing before I even look at a price chart. Daniel is also also very responsive and helpful if you have any inquiries. I always have this utility running on my platform when I am trading.

Daniel Stein
91144
Reply from developer Daniel Stein 2023.10.09 08:32
Thank you very much for your positive feedback. 🙏
Reply to review
Version 4.32 2024.01.25
The following bugs are fixed:
- plot colours when using multiple instances
- DeltaMap view on a white background
- alerts not triggering in some corner cases
- line labels not displayed from time to time
- critical error when plots "Show history lines ?" is false
- synchronization bug with calc period==x Week

Improved missing data detection
Version 4.22 2023.10.25
The long-awaited FX Power NG MT4 update is here.

Some users have told us that FX Power NG reacts very slowly, and we have found in internal tests that the identical program code in MT4 takes up to ten times longer than in MT5.

Nevertheless, Alain has managed to find a workaround that significantly improves performance. Unfortunately, this workaround comes at the expense of precision because it does not synchronize the data 100%, but from our perspective, the deviations are tolerable.

The FX Power NG MT4 version 4.22 now offers two calculation variants. The classic precise one, and the faster variant for a significant performance gain.

This allows you to compare and then decide for yourself which one you would prefer to use.

All the best
Daniel & Alain
Version 4.20 2023.09.28
Fixed MT4 "plot tweak", which was broken when using multiple instances.
It's now possible to define different line styles on multiple instances within one sub-window.

Added management of different "Gold" symbols when used in chart with symbol suffix.

Added detection of suffix if chart symbol is XAUUSD.a (MT4 Pepperstone)
Version 4.19 2023.08.28
Fixed divide by 0 on HeatmapFrame when using shrunk sub-windows.

Fixed custom user levels.
Version 4.18 2023.08.15
Fixed "Delta" mode extended label
Version 4.17 2023.08.07
Fixed color change bug on history line labels
Version 4.15 2023.07.28
Added Gold with full history on all available XAU symbols
Version 4.13 2023.07.26
Fixed invalid pointer, framework bug when no history lines are displayed
Version 4.12 2023.07.25
Fixed MT4 strategy tester issues (colors, calculations)
Version 4.10 2023.07.24
Fixed minor bug

Modified input parameters sorting