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Attachments: Surfing the Currency Strength
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Surfing the Currency Strength

  • Post #1
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  • First Post: Edited at 6:51am Oct 21, 2017 6:27am | Edited at 6:51am
  •  metatsock
  • | Commercial Member | Joined Dec 2006 | 996 Posts
Hi to all! I coded my own indicator (based on Currency Indicator protected by copyrigths) to plot clear the force of the 28 PAIRS.
For this reason i cann't upload indicator.

The mission of this 3D is to signal potential pattern based on Currencies Strength

The first one on EurNzd:

Sell Stop1.6870 initial SL 1.6960...... EURNZD force is decreasing and NZD is OVERSOLD......it seems a good opportunity

Stay tuned
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  • Post #2
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  • Edited at 8:45am Oct 21, 2017 8:31am | Edited at 8:45am
  •  metatsock
  • | Commercial Member | Joined Dec 2006 | 996 Posts
AUDNZD: Sell Stop 1.1210 initial SL 1.1260...... NZD is rising and AUD is falling... it sounds good
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  • Post #3
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  • Oct 21, 2017 9:46am Oct 21, 2017 9:46am
  •  Fancysegs
  • | Joined Apr 2015 | Status: Member | 52 Posts
Please can you share this wonderful indicator?
 
 
  • Post #4
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  • Oct 21, 2017 10:00am Oct 21, 2017 10:00am
  •  kaiser soze
  • | Joined Jan 2014 | Status: Member | 449 Posts
Quote: For this reason i cann't upload indicator

Then why are you here? You want feedback and ideas to make YOUR indicator more efficient? If so, we must try the indicator out for ourselves.....don't you think?
 
2
  • Post #5
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  • Oct 21, 2017 12:36pm Oct 21, 2017 12:36pm
  •  metatsock
  • | Commercial Member | Joined Dec 2006 | 996 Posts
The purpose of 3D is to share & start a trading discussion based on Currency Strength. I'd like that other users using currency strength post their point of view.
NO commercial purpose is hide in this 3D

Green pips to all
 
 
  • Post #6
  • Quote
  • Oct 21, 2017 9:13pm Oct 21, 2017 9:13pm
  •  hanover
  • Joined Sep 2006 | Status: ... | 8,090 Posts
Quoting metatsock
Disliked
The purpose of 3D is to share & start a trading discussion based on Currency Strength. I'd like that other users using currency strength post their point of view.
Ignored
Assuming your indicator plots are calculated by aggregating past price data....... TA/PA is lagging and -- although it can be used profitably, if you know how -- has limited predictive value. Around half of the time a strong currency will remain strong across a given horizon, the other half of the time it will weaken. Which of these will happen is determined by factors like those I listed here. A better indicator would be one that calculates and plots 'fair value' against price; one possible way of doing this (but it's probably beyond the scope of MT4) is to examine relationships and dependencies with other markets.
 
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  • Post #7
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  • Oct 23, 2017 3:53am Oct 23, 2017 3:53am
  •  metatsock
  • | Commercial Member | Joined Dec 2006 | 996 Posts
EurNzd & AUdNzd hit pending orders ...

GbpAud: force is stalling i try a sell stop 1.6840 initial SL 1.6905

Green pips to all!
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  • Post #8
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  • Oct 23, 2017 4:02am Oct 23, 2017 4:02am
  •  metatsock
  • | Commercial Member | Joined Dec 2006 | 996 Posts
EurCad: force is falling......EUR falls CAD is near oversold zone...... sellstop 1.4835 initial stop 1.4880
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  • Post #9
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  • Last Post: Oct 23, 2017 4:39am Oct 23, 2017 4:39am
  •  profitfarmer
  • | Commercial Member | Joined Aug 2014 | 3,825 Posts
without much shared, this thread rather belongs to the journal section, as nothing much to discuss about it.
there is always, always another trade!!
 
 
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