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.

When I refer to the Market I mean THE 8 main currencies and the 28 FX pairs that are derived from those 8 currencies.

The market has to be seen always in equilibrium. If one currency is bought some other(s) must be sold. This we could call her money flow. (I may use terms in a different way as they are used usually in this thread).

When we analyze the market we look at the whole market which to us is 8 currencies and 28 pairs. (Exotic pairs are not included for now.)

When most traders look at a chart to find a trade setup they would need to check 28 charts to understand what the Forex market is doing. When you use the the Currency Strength28 strategy you only look at currencies, not pairs, and for that we need to check only ONE CHART! Do you understand now the edge?

So lets first have a look at the 8 currencies which are:

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: a 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

Do not have much more in the market watch.

"C28.set" goes into history/symbolsets folder
  then you can recall it in market watch with right click http://prntscr.com/bzw7eq

Get the indicator on a black chart or change Colors (EUR is white).

But better use the template.

(Market Fibonacci level names are shown by chart property.)

Important!

If you work the first time with multi currency than

GET MT4 HISTORY BEFORE USING CURRENCY STRENGTH INDICATORS, (ANY)!

Fill the history data of your mt4 platform with all pairs and all TFs. How to do this? If it is the first time to update then I use saved profiles. Many people are not used to profiles what is this? You do (hopefully) know how to save a template of a chart and reload this template on a new chart. Now a profile is just one level higher. It save all the charts you have open with your terminal with all the different templates on and all the TFs. (sorry my mt4 is German but you will understand the screenshots easy)

First save the profile which you are using now, to get it later back:

Click on File
Click on profiles

Click on save profile

So you will save your profile to a name you will recognize. Later you will find it in the list and can come back to it at any time.

Now first download the zip file on the bottom of this post.
To load now all the history data I post here a zip file with 9 profiles, each is with all pairs per one TF each.

Again you Click on File

Click on Open Data Folder

Open now the profile folder

Unzip the download and Copy and past all PROFILES FOLDERS in that folder. You need to copy the complete 9 folders which are called "update quote...." into the folder of mt4 called "profile".

Yehh puh that's work but it must be done....

So open the first profile which is called "update quote D". You see here in this screenshot not all data is complete written in mt4 history.
Some history is missing !!!

now mt4 will update...

Wait until all mini chart windows are full,

and we continue with each TF to do same procedure and open the next profile called "update quote W" and so on...

Now currency strength indicator will find all data needed to print all CS-lines.
Wish you happy pips!

There are some scripts which are supposed to do all this job but recently one older script have stopped working with the last mt4 version and an other script take very long time to finish. If I see the 28 mini charts are full I know what I have and I am sure all data is here. If you have done that ones it should be good and don't need it to do again unless you do not use the terminal for some longer time.

To have all pairs in market watch is not enough. mt4 will only update AND WRITE IN HISTORY FILE the pairs which are open on a chart and only this TF. To avoid the lag with mt4 history I keep with minimized charts at all times open at least the main 7 USD-pairs in the 3 TFs which I use on a regular basis. This way mt4 is forced to WRITE all data and will be available to be used the next time you restart the terminal. Next time you restart your mt4 just wait a minute to be updated all the data. Still you do not have the cross-pairs but it will help. Just use the quotes template for it.

Something must be right !

Hello bighead you are welcome.

It is used in my well discussed trading strategy the 28pairs currency strength trading system.

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

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

(picure is taken from an older indicator version)

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

CADJPY m15 from last 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.

Tip for demo testing:

Demo with tester is general option for MQL5 site. This can not be changed. And I am not sure if those test running correctly because the indicator read all 28 pairs and I doubt the tester provide all data also you can not change the pair while testing. Still you can have an idea. Save my template under the name "tester" before you run it.

satisfied customers making pips :)

feedbacks on FF

I just saw the above templates will not work because the indicator-files are under indicator/Market

Here are the updated templates.

If you have any questions be free and just send me a message.

If you are beginner and own one of my indicators you can join our skype group.

Bernhard,

I see only rental options, is there a purchase option also?   Thanks