Trading system using relative strength 2801 replies
any mt4 offer 28pairs major currency? 15 replies
Set to true to get cross alerts. It will show only on a live candle (when it is closed). It is not showing historical signals. If you change pair or TF it will delete the old signs. Test the visual on M1 to understand how it works.
This value is similar to GAP Market Fib. The value represents the Market Fibonacci level when a GAP or the required slope is reached. It is a special shared currency strength angle/slope of both the base and quote currency strength. Set higher to have stronger crosses.
The default is a 3 bar pattern. Set to true to use 4 bars. 4 bars will give the pattern more time to complete but the pattern may not be as strong or later.
To get an alert. Choose if via MT4 or push or email or all of them.
This will draw a triangle on the subwindow. The color is chosen by the base currency color line.
This will draw a vertical line if the alert match to the symbol of the chart.
DislikedThe first steps if you like to work with 28 pairs and currency strength! GET MT4 HISTORY BEFORE USING CURRENCY STRENGTH INDICATORS, (ANY)! At first, it is important to have all 28 currency pairs in the market watch. AUDCAD, AUDCHF, AUDJPY, AUDNZD, AUDUSD, CADCHF, CADJPY, CHFJPY, EURAUD, EURCAD, EURCHF, EURGBP, EURJPY, EURNZD, EURUSD, GBPAUD, GBPCAD, GBPCHF, GBPJPY, GBPNZD, GBPUSD, NZDCAD, NZDCHF, NZDJPY, NZDUSD, USDCAD, USDCHF, USDJPY. Fill the history data of your mt4 platform with all pairs and all TFs. How to do this? If it is the first time...Ignored
The trade below was triggered with a pending limit order at 61.8 fibs set at the time of the impulse alert (A set and forget trade). No direct market order was used because USD was already below MFib -100 so a pullback was expected first. Price came back and activated the order. Supported from the higher TF CS trend it went to TP. The next supply level inner line was used to optimize TP. This way we have a trade with a smaller SL and a bigger TP.
Each one signal can be edited in its trigger value. As each trader has its own views on the Market choose which one you want to trade. You can apply many different settings so it will fit perfectly to your trading style and psychology.