Currency strength Trading System for multiple pairs trading | Forex Factory

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Currency strength Trading System for multiple pairs trading

  • #1
  • First Post: Edited 5:11am Jul 12, 2021 4:59am | Edited 5:11am
I have one system based on currency strength.
Rule is
Entry
when one currency have best strength and check other weak currency
example EUR strength is best and CAD strength is weakest.
EURCAD buy
check another weak currency also by ascending orders.
example
CAD strength -1%
GBP strength -1.5%
AUD strength -2%

open buy orders are
EURCAD
EURGBP
EURAUD

so in one day. there may be many orders by different charts.

Exit rule is simple
if 1-2% of capital profit. close all orders.
if drawdown over 40% of capital.
close oldest orders.

I want to do this by EA.
I need one indicator that can display strength by dashboard.
as finviz.com
Do you know any indicators for this.
or can someone developer develop here for further improvement.
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  • #2
  • Jul 12, 2021 5:16am Jul 12, 2021 5:16am
Quoting kyawswarlin
I have one system based on currency strength. Rule is Entry when one currency have best strength and check other weak currency example EUR strength is best and CAD strength is weakest. EURCAD buy check another weak currency also by ascending orders. example CAD strength -1% GBP strength -1.5% AUD strength -2% open buy orders are EURCAD EURGBP EURAUD so in one day. there may be many orders by different charts. Exit rule is simple if 1-2% of capital profit. close all orders. if drawdown over 40% of capital. close oldest orders. I want to do this by...
What happens if the strength list of currencies changes? Do you keep the previous orders open or do you close them and open the respective new ones?
Algos Coder
  • #3
  • Jul 12, 2021 5:18am Jul 12, 2021 5:18am
Quoting losja
{quote} What happens if the strength list of currencies changes? Do you keep the previous orders open or do you close them and open the respective new ones?
you can choose timeframe.
Day frame strength is stable.
still open previous orders until all go to profit.
you will open at least 20 orders in oneday
  • #4
  • Jul 12, 2021 5:45am Jul 12, 2021 5:45am
Hello!

What is the rule for opening a start order? After analyzing the strength of the currencies, do you immediately open the market according to your rule? and how are your actions as you write adding orders in the same direction?
  • #5
  • Jul 12, 2021 6:11am Jul 12, 2021 6:11am
Hello,

The free website data on Finviz is delayed,premium version might give you an edge in finding greater accuracy.maybe you can check that out.
  • #6
  • Jul 12, 2021 8:22am Jul 12, 2021 8:22am
Hi kyawswarlin,

I developed a Daily % Currency Change Indicator providing similar currency strength to Finviz, you can find it here: Currency Strength Dashboard | Forex Factory , it maybe of use to compare with Finviz data.

Please note I do not offer coding services and will not be able to code an EA for you.

TimeFX
Strong 'vs' Weak Trend Bias Direction and Weighted Trade Signals.
  • #7
  • Last Post: Jul 12, 2021 11:31am Jul 12, 2021 11:31am
Quoting timefx
Hi kyawswarlin, I developed a Daily % Currency Change Indicator providing similar currency strength to Finviz, you can find it here: Currency Strength Dashboard | Forex Factory , it maybe of use to compare with Finviz data. Please note I do not offer coding services and will not be able to code an EA for you. TimeFX
thanks for your support.
if mql4 file get,I can insert in EA.
thanks man.
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