OPGTS Currency Strength Meter

3

OPGTS Currency Strength Meter is an indicator created to measure and analyze the currency strength and pass the information to the trader through a graphical display of each currency group's strength rates by percentage. Each bar it shows represents the currency's strength or weakness.

USAGE:


It is useful in two ways for trading:

1. Solo Trading

2. Basket Trading (Currency Group Trading)

HOW TO USE IT EFFECTIVELY

Solo trading: It can be used for solo trading by analyzing the strength of each group of currency. Take for instance, if USD group is having rates less than 30% and Group pair of EUR is having rates greater than 70% or there about, you can just pick EURUSD for trading since both of them have the currency concerned in the rating.

This means you will BUY EURUSD because EUR is stronger than USD at that moment. EUR is generally stronger while USD is generally weak. Therefore placing them together is a good idea of trading to get results. There is a good probability that you will always almost get it right without issues. Try it with demo and see what I am taking about. It is a simple strategy and it works effectively for the traders using this method for their trading.

What you need next to do when you see a signal like this, check if the currency is in the news especially medium or high impacts news, if it is, then wait till after the news to see what will happen next before taking trade if the signal is still there. But if not, then head over to Minute time frame to see if the price is going according to the signal before entering the trade. Also mind the support and resistance levels if the price is approaching any of them, wait to see breakout or reversal before deciding what to do next.

Basket trading: It can be used for what is called "Basket trading". Basket trading is a group of a currency moving together in unison to the same direction. If the rate is below 50%, this means that the currency group is weak while the rate above 50% means that the currency group is strong. You will sell the currency group with weak rating while you will buy currency group with strong rating.

It may not be easy taking trades on each currency pair for the group, you will need a software to trade them together simultaneously, you can purchase our "Basket Trading Panel" Utility for such tasks and you will find basket trading an enjoyable and easy task otherwise be ready to take each trade on each currency of the group.

I may have to sound a note of warning, if you are not used to basket trading and you love to learn how to do it properly, you must start with demo trading and practice a lot of money-management with your account. But if you are a basket trader before, then you have the right tool for your basket trading.

POSITIONING:

You can decide to place your OPGTS Currency Strength Meter anywhere on your chart window through the parameter setting.

Up/down Shift: 10 // Default setting, feel free to adjust according to your preference

Left/Right Shift: 20 // Default setting, feel free to adjust according to your preference

Other parameters:

Signals Popup Alerts: True/false

Signals Sound Alerts: True/false

Background Color: Black by default

***Important: You can use this Mini Currency Strength Meter in conjunction with our "Full Forex Market View Dashboard" to derive an outstanding results always.
Cheers.

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MT4 Multi-timeframe Divergence and Overbougt/Oversold detection indicator. Features - Fully customizable on chart control panel, provides complete interaction. - Hide and show control panel wherever you want. - Real time information about non-capitalized divergences. - Real time information about overbougt / oversold situations. - Real time information about regular divergences. - Real time information about hidden divergences. - Oscillators available for divergences detection: AO, RSI, CCI, MA
Super Signal – Skyblade Edition Système de signaux de tendance professionnel sans repaint / sans latence, avec un taux de réussite exceptionnel | Pour MT4 / MT5 Il fonctionne mieux sur des unités de temps inférieures, comme 1 minute, 5 minutes et 15 minutes. Caractéristiques principales : Super Signal – Skyblade Edition est un système de signaux intelligent conçu spécifiquement pour le trading de tendance. Il utilise une logique de filtrage multicouche pour détecter uniquement les mouvements d
Le détecteur de séisme de marché  sismographique. Description in English : https://www.mql5.com/en/market/product/113869?source=Site+Market+Product+Page#description How to use the Seismograph : https://www.mql5.com/en/market/product/113869#!tab=comments&page=2&comment=52806941 Create an EA : https://www.mql5.com/en/market/product/113869#!tab=comments&page=3&comment=52816509 Quelle que soit la façon dont vous tradez, vous voulez absolument éviter d'entrer sur le marché à faible liquidité.-
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Relicus LLC
4.65 (106)
RelicusRoad Pro : Système d'Exploitation Quantitatif du Marché 70% DE RÉDUCTION ACCÈS À VIE (DURÉE LIMITÉE) - REJOIGNEZ 2 000+ TRADERS Pourquoi la plupart des traders échouent-ils même avec des indicateurs "parfaits" ? Parce qu'ils tradent des concepts isolés dans le vide. Un signal sans contexte est un pari. Pour gagner, il faut de la CONFLUENCE . RelicusRoad Pro est un Écosystème Quantitatif complet . Il cartographie la "Fair Value Road", distinguant le bruit des cassures structurelles. Arrête
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Filtrer:
FX Optimist
154
FX Optimist 2019.07.17 06:49 
 

Review pending further work by the developer. This looks like a good system to evaluate currency strength.

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