Currency Meter Dashboard Trader

Currency Meter Dashboard Trader

All 28 symbols should be added to market watch, then the utility starts to load data and the it does the calculations!


What does this utility do?

This utility shows the strength of each 8 major currencies. These eight major currencies are AUD - CAD - CHF - EUR - GBP - JPY - NZD - USD. For calculating the METER of each currency, we calculate the average of each symbol which has this currency in it. (all of them are 28 symbols like EURUSD) We have two sides: positive meter and negative meter. Between these eight currencies one is the strongest and one is the weakest. If you want to use this strategy for your trading, you should buy the strongest and sell the weakest.


What is the category of this utility?

Symbols to trade with Forex Symbols
platform MQL5
level of application Intermediate level
Trading Day Trading – Swing Trading - Scalping


The inputs of this utility

This utility has one input which is timeframe. This timeframe calculates the last candle of specified timeframe. The default is 1h for trading in short-term. But the best input is daily.


More information about this utility.

This utility uses 1 dashboard for showing currency meters and also by clicking on trade button you have access to trade dashboard which shows you the preferred symbol and its direction. All the buttons are adjustable. This means that you can adjust symbol, lot size, stoploss and, take profit.

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