28pairs currency strength trading system

We are not done jet. Now to update all 28 pairs in all 9 TFs you open one profile after the other and the next and next...
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...



so now it is complete, 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 next... and next... until all finished.



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.

Some frequently asked question. Does CStrength28 repaint?

Short answer: NO.
Long answer: Why sometimes it looks like?

The reason is, the history of mt4 terminal is sometimes not fully updating. The indicator of course need the history of the pair you have on chart but more it needs many other pairs to calculate the currency strength. So a lag of data can happen if your internet connection is slow or your broker have not send all data feeds completely. Its possible if you did not open your terminal for some time or you request a TF which you do not have used for a while.

At first it is important to have all 28 currency pairs in the market watch. The indicator need this data to calculate strength. Then you need to know about mt4 how it update history. Only when a pair and TF is requested (a open chart!) mt4 history will be updated. So if you change the TF on the chart were the indicator is on, mt4 needs first update all the history of all pairs. This take a while (like 10 to 30 seconds? It depends of your internet connection.). It will update then in memory. Now you need to change the TF again and back to it and all currency strength will now show correctly. This is not a repainting but mt4 need to update the history. It is done in a few moments not a big deal. Ones you keep it on a live chart it will update all required data in MEMORY. You do not need new actions.

First have you done the steps in post 20? If you did (I hope so) then you may repeat the steps of post 21 for that TFs in some while so the history can complete to update and WRITE.

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.



When I start in the morning I update the history then keep the indicator on 2 charts, the entry TF and the trend TF. Now I don't need any other actions to do for the rest of the day.

Unfortunately meta trader is still a very simple program. It needs some help if we like to analyze and trade all 28 pairs.

How do we apply the CS-line angle.

By definition a GAP is up or down of CS in a defined angle for 2 periods (or candles after close).

But what is the defined angle? I will give you now an idea. Still have in mind as we trade manual you need to get this with the eyes and not in exact numbers.
First what it is NOT. It is not what is understood in common sense an angle (geometry). Because if you change on chart the numbers of candles to show the common angle will change. This are all the same charts and TF but with different number of candles or zoomed in and out with + - .

Those are NOT defined angles:


Now what is the defined angle? It is CS change in relation to the MFib 23. I like to see a minimum change of the size around of MFib 23. Remember its a rule of thumb just get it with your eyes. Then it will give same signal regardless what zoom you use on a chart.

Those are defined angles:

Attached Image (click to enlarge)

Here in yellow: long square between MFib 23 and NULL.
Small yellow squares copied size from above and apply to 1 period or 1 candle. This example is m5.

Note: as the volatility drops in higher TFs (up from m30) the size can be smaller.

29 winners in a row.
35 pip TP
35 pip SL
risk : reward ratio 1:1

Something must be right !

For interest into the system please send me mail and not send message without tell your email. Messages of this forum are limited for commercial members. You find my email in post 1 and profile, thanks and I wish you all many green pips...

To extract more, much more information about the angle I have released a new indicator. It is used in addition to CStrength28 standard. A deeper analyses of the currency about acceleration and speed will be printed. This will help to take decisions about entry time and take profit time.

CStrength28_SPEED
new Indicator in combination with CStrength28
Shows ACCELERATION AND SPEED OF CURRENCY STRENGTH

CStrength28_SPEED is a new product. It is build on same engine as CStrength28 but on top of it prints out the acceleration and speed of currency. If the speed is overshooting the outer MFib levels it is very strong signal. SPEED helps you to spot turning points. We read only the extreme picks for now. Don't forget to invert the reading of the quote currency.

Attached Image (click to enlarge)

You are always welcome to ask me questions about the strategy and the specialized indicator.
I can not answer PMs by FF as it is restricted 1/day for commercial members but you can use freely email:
BernhardFXcontact at gmail dot com

CS_Speed on News.
This was just too beautiful, I love it.



The initializing trigger of a new trend or big move is printed clear and early in its acceleration speed !

Activ and passiv currency in correlation to session times.
This will be an easy lesson.
We like to have one activ currency in the pair when we trade MARKET OPEN:

Sydney and Tokyo Open / Asian session
Activ currency: NZD, JPY, AUD

Frankfurt and London Open / European session
Activ currency: EUR, GBP, CHF

New York Open / US session
Activ currency: USD, CAD

I used to check Market Open 5 to 15 minutes after.

Alerts have been added to CStrength28_SPEED v1.1

The CStrength28_SPEED indicator is built on the same underlying algorithm and makes it even easier to identify and confirm potential trades. This is because it graphically shows whether the strength or weakness of a currency is accelerating or not and measures the speed of that acceleration - think of it like the speedometer in your car. When you accelerate things obviously happen faster which is the same in the forex market ie if you pair a currency which is accelerating with a currency that is slowing you have identified a potentially profitable trade.
Get the initializing trigger of a new trend early! This acceleration and deceleration can be used by both swing traders and scalpers. To swing traders it shows when a new trend has been triggered and to scalpers it shows which pairs are going to have movement.

How to use CStremgth28_SPEED alerts.
The Alert trigger value can be edited for any MFib level in settings (does not need to be a Fibonacci). It can be any number. The yellow line shows the level chosen on the chart.
Then we see the numbers of the highest and lowest speed value.
Followed with the CS which reached the trigger value (if there is any).
A button will then pop up with a suggested pair. By click on it will open a new chart in same TF.
Save your favourite template with the size of half the MT4 chart window to the name "default". So your personal template will always be automatically applied.

The alert will be given when ONE currency reaches the trigger value (yellow line on CStremgth28_SPEED) and a button will pop up with a suggested pair, clicking on it will open a new chart in the same TF.

When to trade a speed signal/alert:
We need to read both of the indicators. When we get a speed alert we must apply the following rules: Always be in agreement with CS. At what level is CS (CStrength28)? If the CS is outside of inner zone (outside of MFib 100/-100) do not trade an oGAP but if speed signal flips and the CS hooks you are allowed to trade the iGAP from the higher MFib levels. (post 8)
If CS is in inner zone (between MFib -100 to 100) you are free to trade both oGAP and iGAP (post 5).
These are the CS rules and must always be applied. Of course to have a trade you need to pair two CS to fit into the rules but only one CS hit the trigger value of CStrength28_SPEED.

Trade example GBPJPY

this is m5


A speed flip traded with iGAP. 50 pip. This pattern repeats itself many times. The SPEED indicator shows it very nicely and it mostly happens when CS is at outer MFib retracement zones or Support/Resistance levels. Maybe market makers hunting stops and when their positions get filled they then turn the market in the opposite direction which we can see in acceleration/speed.

Trade example GBPJPY. This was a perfect setup:

This is m15


Reaction of both CS from outer MFibs (CStrength28). Reversal Speed signal (flip), both CS-speed at trigger value! Shows flip of earlier move. Steep inside GAPs on CStrength28. TP 50 pip hit quick. (An other speed signal was given even earlier and gave warning the trend (was short) is coming to an end.)

A regular setup from inner zone, NZDJPY:

this is m15


Take profit was hit quickly could have run much further. 2x 35 pip.

Summary: The key to is to make sure both indicators agree with each other.
Friends! I wish you all many green pips for next week!

Special Edition CStrength28

An upgrade for CStrength28 will be released after this weekend.

I think everyone has bagged extra pips and improved their entry points because I have received many positive emails from my students. But most of them keep quietly and give no feedback.
That's why.... It will be a bonus for all those who are contributing positively to our community.
This should be an encouragement for all to participate in our thread. To help each other, one for all and all for one.

You might wonder what it will be...

Special Edition CStrength28

This upgrade will be released tomorrow as a bonus for all those who are contributing positively to our community.

This is for my own experience what a trader needs
It includes the special feature for quick open chart. Either in new window or switch in same window.
Just click on the currency of base and quote. The sequence does not matter.
If you choose open in new window then save your favourite template to the name "default". So your personal template will always be automatically applied.





As you know Market Fibonacci Levels are calculated to the actual market conditions. It is always new calculated when you switch the TF or start the indicator. If you keep the chart running for a longer time it is reset by default after 20 candles. In this edition you can change the number.

Alternative exit rules

This is optional for the trader. We do not need all the time wait if SL or TP is hit. We can react with actual market conditions to manage trades.

1. Exit when CS changes direction on TF or on higher TF
2. Exit when CS hit MFib 161 with flat angle
3. Exit a trade with GAP outside direction when market momentum drops
4. Exit when sGAP change sentiment

Exit when CS changes direction on TF or on higher TF

AUDJPY was closed when both CS showed a hook