As simple as possible: 00 level trading

Quoting 24HourTrader

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{quote} Thanks for posting all of these. I've given them a try, and the one that looks most appealing to me is the "StrengthMeter wSuffix-mod2." I've been wanting a histogram of the calculations that Giraia shows...this one has a histogram, but the calculations seem different than Giraia. Do you have any idea on how the calculations are being done? Also, why are there 3 different bar displays? Or do you know where this indi was originally posted? Perhaps the info would be there. {image}

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Quoting jmmac

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{quote} Hi 24HourTrader, The information on the left is the longer term strength, in the middle is the shorter term strength and on the right are the pairs the indicator suggests for trading. You can learn more about that specific indicator here from it's original creator. I can't program in MQL so I won't look at the code... but looking at the indicator, the lines don't start from 0 so they shouldn't represent absolute values (like in some indicators). The lines should...

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Quoting ericjschroed

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{quote} Yes, I liked that one too, and modified it in this post http://www.forexfactory.com/showthre...07#post7611307 . The idea here is to determine currency strength from a specific starting point, rather than a rolling 15, 60, whatever, time period. Unfortunately, since I was branded a Commercial, I can't post in that topic anymore.

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Quoting jmmac

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{quote} Hi 24HourTrader, The information on the left is the longer term strength, in the middle is the shorter term strength and on the right are the pairs the indicator suggests for trading. You can learn more about that specific indicator here from it's original creator. I can't program in MQL so I won't look at the code... but looking at the indicator, the lines don't start from 0 so they shouldn't represent absolute values (like in some indicators). The lines should...

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Quoting gizmo96

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{quote} Hi Marco, The EA is the WUKAR_WB_trail_v1_3_2e, there you can add pips for the commission and set the trailingstop and BE. http://www.forexfactory.com/showthre...73#post7629773 The script can be found here: http://www.forexfactory.com/showthre...12#post7894912 Kind regards, Gizmo

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Quoting ericjschroed

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{quote} Yes, I liked that one too, and modified it in this post http://www.forexfactory.com/showthre...07#post7611307 . The idea here is to determine currency strength from a specific starting point, rather than a rolling 15, 60, whatever, time period. Unfortunately, since I was branded a Commercial, I can't post in that topic anymore.

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Quoting 24HourTrader

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{quote} {quote} Thanks, I just went through that thread...seems kind of strange, at first flotsom was interested in the rate of change between currencies, this is what the original"strMeter" showed...and then he seems to move away from that with the "StrengthMeter", the one I mentioned above...this one seems to only look at strength, and not rate of change, correct?

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Quoting Juan007

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{quote} like this ? {image}

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Quoting ericjschroed

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{quote} The lines show the rate of change. The steeper the angle, the higher the ROC.

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Quoting ericjschroed

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{quote} Yes, in this pic the NZD is showing recent movement, but there is no clear currency moving the opposite direction to pair with, maybe CAD. In CCT they use a M15, an H1 and a Session strength and when all 3 line up, they take the trade. Similar to the 1x8 that RobinHo is using.

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Quoting marcoFF

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Hi guys, can someone post an entry 2 lvl as Udine 30M Rules with a brief explanation of the thinking process?

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