This is the same product I published with MT4 and now it is available for MT5.

Note for my product names:

• A product for MT4 is without indication in the name.
• A product for MT5 is with indication MT5 in the name.

You can also see in the link above of the page.

Please have a look at the reviews made for the MT4 version:

https://www.mql5.com/en/market/product/13948#!tab=reviews

The 28Pairs Currency Strength Trading System - also known as Double-GAP Strategy - is my primary trading philosophy and is based on exploiting individual currency strength and weakness.

The principle idea is buying strength and selling weakness. This is a fundamental strategy for investors in all marketplaces. Most amateur retail traders in Forex either ignore this winning strategy or are unaware of it.

With this strategy we look at individual currencies rather than currency pairs and then buy the strong currency and sell it against the weak currency. This will give your trading a real edge.

US Dollar, Euro, Yen and Pound, these are the most important because they have the largest trading volume, then there are Swiss Franc, Australian, Canadian and New Zealand Dollars.

Each single currency belongs to a single economy. Some currencies are trending up some currencies are trending down, this information you can not see from a single pairs chart. For example: if the EURUSD pair is trending up you do not know why from looking at a single chart. Maybe the Euro is strong and the USD is flat or the Euro is flat and the USD is weak or even both are strong and the Euro is just stronger. Remember in any chart there are two currencies they are called the BASE and the QUOTE currency.

To maximize your wins and minimize your losses you need to know what an individual currency is doing in the context of the whole market. Staying with our EURUSD example: an EURUSD chart will show you only 1/28th of the market so you only have a small amount of information to base your trading decision on. Given that each currency can be paired with 7 other currencies you should be basing your trade decision on the information that all 14 pairs give you. By using the CStrength28 indicator you can get all that information from just the one chart.

Now you may know all of that already but stay put I will add new stuff!

The goal of the strategy is to find out the sentiment of the market and which pair is good to trade and which pair is not. As a trader you should know if a currency is trending, consolidating or reversing as this will give you information on how to trade. Do we look for continuation or do we look for pullback/reversal? This is THE most important information you need to trade and this strategy will give you the answer!

You are always welcome to ask me questions about the strategy and the specialized indicator.

GBPNZD Monthly: many pips to take if you know to sell weak and buy strong

Something must be right !

Check currency line for a double GAP (2x GAP in opposite direction)

IF EUR GAP is down and NZD GAP is up = sell EURNZD

Buy the strong and sell the weak and the best of it: you do not need many charts!

CADJPY m15 from a Friday

My indicator comes with a complete trading system.

Please read my blog about currency double GAP theory and trading system

https://www.mql5.com/en/blogs/post/679077

I also teach how to trade. Contact me.

bernhardfxcontact@gmail.com

Download the template here:

How to install a template?

Click MT5 menu File / Open DataFolder

Now who is used to MT4 will be searching because the folder is different!

The folder is now under MQL5 \ Profiles \ Templates

Copy the file into this folder.

Then just right click into a chart and select Templates.

Sorry made a mistake in the template.

Please download here:

Für meine deutschen Freunde:

Das meiste ist leider auf Englisch und nicht übersetzt, weil es mehr internationale Anfragen gibt. Das tut mir echt leid, aber ich hab Euch nicht vergessen! Es ist halt alles sehr zeitaufwendig.

Es gibt aber ein paar Blogs auf deutsch hier:

https://www.mql5.com/de/users/bernardo33/blog

Versuche doch einmal den Firefox Browser mit dem Übersetzungs-Plagin TranslateThis!

https://github.com/BoringCode/TranslateThis

Bei MQL5 gibt es einen cleveren Knopf um Sprachen anzuzeigen:

Ihr könnt mir auch gerne per PM oder Email auf deutsch schreiben.

Wer ein stolzer Besitzer eines meiner Indikatoren ist sollte mir eine PM schicken mit seinem Email damit ich das Starteremail schicken kann mit Links, Anweisungen, Templates und mehr.

As of today (11th June 2017) this version for MT5 is equivalent to the MT4 version 2.1

There is no difference except the multi time frame option of the MT4 is not included.

So that said the MT5 version is not older than the MT4.

The MT4 version will have an upgrade coming out next week as can be seen via my blog posted on my user wall.

MT5 will probably follow a 1-2 month later.

I am already working around the clock. Please be patient, everything takes a lot of time to make those upgrades happen.

As of today, the indicator is updated to version  3.1 !

It has now included all functions of the MT4 version except the higher timeframe.

The description will be updated shortly. It does not yet show the changes. (Check the "What's new" tab.)

Please read the blog for user manual to find all descriptions and how to use it. Click here.

The blog is meant for both the MT4 and the MT5 version for now. Notes for MT5 will be added in blue.)

The indicator descriptions are identical.

Installation steps might be different (like template folders or history data).

How to use MULTI-CURRENCY indicators:

These are the first steps if you like to work with 28 pairs and currency strength.

This is a dry stuff but it is necessary. Unfortunately, Metatrader is not so much advanced program as it should be.

GET ALL CHART HISTORY BEFORE USING CURRENCY STRENGTH INDICATORS, (ANY)!
The indicator needs external data to calculate currency strength!

• This was the old way:

It is important to add all the following 28 forex pairs in the market watch. (Ref comment 3 mt4)

• This is the new way:

The indicator will add all pairs automatically to the market watch!

• This was the old way:

It is important to update all the 28 forex pairs history data in all timeframes. We acconplished that with special profiles with 28 charts each and we had to open the profiles one by one for each timeframe. (Ref comment 5 to 7 mt4)

• This is the new way:

The indicator got an automated function!

The indicator will automatically open 7 support charts in the background. The 7 charts are marked with a label "UPDATE QUOTE CHART !".

When you change the timeframe on the main chart where the indicator is on, the indicator will accordingly switch the timeframe on all 7 support charts.

It is advised to go to this charts and delete all indicators from it (in case there are) after that leave them alone to do its job. You can now minimize those 7 support charts.

and keep this mini-charts, they will now do its job.

In the case of using the indicator multiple times or on different charts the 7 support charts will be shared.

This function can be deactivated.

(Note: this function can NOT be tested with strategy tester demo. If you want to demo test the indicator you have no choice than to use the "old" way. Alternative just buy it.)

Check for updates, it is easy. You will be notified on your MetaTrader and then you can download the update.

Check the message on MetaTrader in upper right corner.

ACS28 stop sign:

optional use to exit a trade.

Modify the level to your personal trading style: