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Currency Strength Breakout

3

The Currency Strength Breakout indicator monitors eight currencies across M1, M5, M15, M30 & H1 time frames all in the same window.

Trade the strongest currency against the weakest with alerts for pullbacks giving you the opertunity to enter the trend.

Please note: I have made the decision to give this Indicator away and many more for free with limited support so that I can concentrate on Custom EA.
View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1
Monitoring Signals - https://www.mql5.com/en/signals/author/robots4forex?orderby=gain

Features

  • Easily see which currencies are currently trending and in which direction.
  • Trade pullbacks with the highest probability of success.
  • Colors are fully adjustable.

How To Trade

  1. The higher time frame currency strengths are displayed on the left.
  2. The lower time frame currency strengths are displayed on the right, only the strongest and three weakest.
  3. On the lower time frame wait for the strongest currency strength to go below the weaker currency, this indicates a pullback. Alerts are generated for this signal if they are enabled.
  4. Open the chart for this pair, indicated top right of the window. Note the breakout direction you are looking to trade is also displayed top right.
  5. Look for a good entry point based on your preferred method, either choose a support level and enter at a good price or add a buy/sell stop order to catch the trend when it continues.
  6. Always remember to add a stop loss in a smart position.

Input Settings

  • MAPeriod - The moving average period used by the indicator - Values 1 to 1000
  • Alerts - If enabled the indicator will alert on pullbacks for the strongest currency against the weakest three currencies.
  • SmoothingLower - If enabled the lower time frame is smoothed.
  • SmoothingLowerPeriod - The smoothing period for the lower time frame - Values 1 to 10.
  • SmoothingUpper - If enabled the upper time frame is smoothed.
  • SmoothingUpperPeriod - The smoothing period for the upper time frame - Values 1 to 10.
  • TextColor - The text color for the pairs displayed top right.
  • USDColor - The color of the USD currency.
  • EURColor - The color of the EUR currency.
  • CHFColor - The color of the CHF currency.
  • AUDColor - The color of the AUD currency.
  • JPYColor - The color of the JPY currency.
  • GBPColor - The color of the GBP currency.
  • CADColor - The color of the CAD currency.
  • NZDColor - The color of the NZD currency.   
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Trendlines  are the most essential tool of technical analysis in forex trading.  Unfortunately, most  traders don’t draw them correctly. Automated Trendlines indicator is a professional tool for serious traders that help you visualize the trending movement of the markets . There are two types of Trendlines Bullish Trendlines and Bearish Trendlines. In the uptrend, Forex trend line is drawn through the lowest swing-points of the price move. Connecting at least two "lowest lows" will create a
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The ADR Reversal Indicator shows you at a glance where price is currently trading in relation to it's normal average daily range. You will get instant alerts via pop-up, email or push when price exceeds it's average range and levels above it of your choosing so you can jump into pullbacks and reversals quickly. The indicator draws horizontal lines on the chart at the average daily range extremes and also extensions above those levels which have mathematical probabilities attached to them of pric
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Or ( BD% ) which is a volatility index that measures volatility in percent rather than points. The idea of BD% is to make an index depending on the Classic Standard Deviation (CSD) that moves between 0 and 100 percent. You can use BD% to compare volatility for the same security in different time periods or different time-frames. In addition, you can use BD% to compare volatility between different securities in different markets in terms of percent rather than points. HOW TO USE "BD%" I
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Candle Scalper EA
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RMI Scalper EA
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Complex Chaos EA
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Trend Venom EA
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Night Lottery EA Lite MT4
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The Night Lottery EA is a fully automated Expert Advisor that trades at night and relies on price reversion. The EA trades using market orders and uses time averaging to improve performance. This EA works best on EURUSD, AUDNZD and USDCHF using the M5 timeframe, defaults are for EURUSD. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. Any questions message me - https://www.mql5.com/en/users/robots4forex View More Products - https://www
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The Night Scalper EA is a fully automated Expert Advisor that trades at night and relies on price reversion. The EA trades using market orders and uses time averaging to improve performance. This EA works best on EURUSD using the M5 timeframe, but will also work on AUDUSD, GBPUSD, NZDUSD, USDCAD, USDCHF and likely many more. A VPS is advisable when trading this system and a low spread and commission based broker is best. Check the comments for back test results and optimized settings. View More
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Night Lottery EA MT4
WebTech Media Ltd
4.6 (5)
The Night Lottery EA is a fully automated Expert Advisor that trades at night and relies on price reversion. The EA trades using market orders and uses time averaging to improve performance. This EA works best on EURUSD, AUDNZD and USDCHF using the M5 timeframe, defaults are for EURUSD. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. Any questions message me - https://www.mql5.com/en/users/robots4forex View More Products - https://w
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Night Lottery EA
WebTech Media Ltd
The Night Lottery EA is a fully automated Expert Advisor that trades at night and relies on price reversion. The EA trades using market orders and uses time averaging to improve performance. This EA works best on EURUSD using the M5 timeframe. A VPS is advisable when trading this system. Check the comments for back test results and optimized settings. View More Products - https://www.mql5.com/en/users/robots4forex/seller#!category=1 Monitoring Signals - https://www.mql5.com/en/signals/author/r
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Aravind Kolanupaka
8330
Aravind Kolanupaka 2022.03.14 11:50 
 

Good

AdilsonGodin
64
AdilsonGodin 2022.03.13 14:35 
 

Ainda estou testando.

Reply to review
Version 1.4 2020.07.09
Added SmoothingLower, SmoothingLowerPeriod, SmoothingUpper & SmoothingUpperPeriod options.
Version 1.3 2020.07.09
Fixed random initialisation issue.
Version 1.2 2020.07.07
Fixed GBP lower not showing.