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Currency Strength Trader

Currency Strength Trader is a low risk system with stop loss and take profit levels. It is a combination of two advanced Forex trading systems into one. The system combines advanced Momentum trading strategy with Advanced Currency Meter. (Check my product page to download for free). These two combined create good conditions for early trend entry and safe exits. Advanced Momentum trading shows shift in Momentum from one market direction to another thus a good indication for early trend entry.


Features

  • Low risk: The system has an early trend entry capability and is also equipped with stop loss and support and resistance levels. These combine to form a low risk system.
  • Signal at beginning of candle.
  • 100% non-repaint: The confirmation signals do not repaint. The pre-signal which is given before the main however does repaint as expected because it just pre notifies of a possible signal.
  • 100% non-backpaint.
  • 100% accurate statistics: The indicator has a what you is what you get (WYSIWYG) statistics. All the stats are transparent and can be confirmed.
  • Take profit & stop loss: The system has up to three take profit levels (TP1, TP2, TP3) and a stop loss based on support and resistance levels.
  • Success rate & profits: The statistics shows the accuracy of system and the number of days of data collection. We know accuracy could be deceiving sometimes so the statistics also shows net profit in pips to show possible profits and loss with the system.


How to use

  1. Step 1: Use the statistics to find the best pair and timeframe to trade (volatile pairs on M1, M5 timeframes recommended, but higher timeframes <H4 are also ok). Ensure Accuracy for TP1 is at least 70% and TP1 net profit is positive.
  2. Step 2: Ensure the Currency Strength Arrow is in signal direction.
  3. Step 3: Enter trade on confirmation signal.
  4. Step 4: Close partial profits at Take Profit 1 and Take Profit 2 levels, take final profit at Take Profit 3 level. Close losing trades at Stop Loss Level.


Input parameters

  • BARS: History
  • Signal Mode: Momentum mode
  • Signal Period: Momentum period
  • Signal_Ratio: Momentum ratio
  • Stoploss: Average True Range stop loss
  • Takeprofit: Average True Range take profit
  • Enable Pre-Signal: true/false
  • Currency_Strength_Alert: Send Alert only Currency Strength Signal agrees with chart signal
  • Minimum Currency Strength offset: Greater value than this will trigger currency strength signal
  • Ma_Filter: true/false
  • Ma_Period: MA period
  • Volume_Filter: true/false
  • Display Currency Meter Panel: true/false
  • Display Statistics Panel: true/false
  • Theme Color: Panel theme colors
  • Show SL & TP Lines: true/false
  • Sound_Alert: pop-up alert (true/false)
  • Email_Alert: true/false
  • Phone_Alert: true/false

Note: For accuracy, always filter the chart signals with the Currency Strength Signal. Good luck and happy trading!

janacrane
55
janacrane 2018.02.12 02:49 
 

Nice product

Michalangelo
335
Michalangelo 2017.12.23 20:19 
 

useless

1Wolf1Pig
133
1Wolf1Pig 2017.05.26 17:09 
 

MY METER IS NOT WORKING BUT THE ENTRY AND EXIT LEVELS ARE GREAT.....

paulsumanka
60
paulsumanka 2017.05.25 18:05 
 

The fibonacci grid is good for trade entries and exxit. Use it with my other system

trishastorm8
80
trishastorm8 2017.05.25 18:02 
 

User didn't leave any comment to the rating

forexstreak
50
forexstreak 2016.04.18 01:34 
 

This is one of the best indicators I've come across in the market. Awesome entry and exit strategy.

fxz4
116
fxz4 2016.04.18 01:30 
 

User didn't leave any comment to the rating

tradewand
67
tradewand 2016.04.13 09:57 
 

Impressed by the result of Advanced Currency Meter, I decided to buy this system. It is a very profitable system. Safe entry and exits. 5 star. Good job Oswald. Keep it up

uis
76
uis 2016.04.13 09:52 
 

The result is awesome.

Version 1.2 2018.03.01
We have updated the entry strategy of the system to include a real time arrow displaying momentum strategy and currency strength arrow. We have also updated the panels to include trade statistics
Version 1.1 2016.04.29
Bug with Alert function fixed and a new input menu option added.

Input Menu Options

1. Fibonacci Bars: This is the number of bars to use in calculating Fibonacci high and low (100% and 0% lines).
2. Offset: This is the difference between the currency values in a pair (e.g., AUD=7.0, USD=2.0-- AUDUSD Offset = 7-2=5.0)
3. ShowFibonacci: Enable or Disable Fibonacci lines.
4. ShowSupportResistance: Enable or Disable Standard (Floor) pivot lines.
5. alertsMessage, alertsSound, alertsEmail: Enable or disable signal notification.