Currency Strength Trading Program Expert Advisor

The Automated EA program trades a basket of multiple currency pairs at the same time on the same account. A total of 21 currency pairs can be traded with this program. The strategy is based on trading currency pairs that are found to have extreme bias in overall strength between the two currencies in a pair. When one currency is strong and another currency is weak, the resulting currency pair will trade in the direction of the strong currency. The program is a fully automatic program requiring no user interaction once set up on a chart of choice. The program will open trades only when a strong signal exists between currencies. The program closes the basket of trades once the Profit Target in Overall Percentage Gain is met. The program is able to individually open and close any pair as needed when specific conditions are met. The program also allows manually closing of trades if full automation is not desired. Note that this program can only be live tested due to the nature of multiple pairs being traded at the same time.

Try it out today with the Demo Version ->
https://www.mql5.com/en/market/product/27303

Try out the Full Version after testing with the Demo ->
https://www.mql5.com/en/market/product/27295

Feedback, comments, suggestions always appreciated and welcome. Feel free to also post trading results from the program.

Thank you.

Hey Everyone, if you are using this EA and would like to share your results with the rest of us, please do so. Thank you!

Version 2 is now available!

Version 2 Changes Include:

-Added ability to trade all time frames. Version 1 only traded M5 time frame regardless of chart EA was placed on. Place on a chart of the time frame you wish to trade. Strengths of Currencies will change more quickly with lower time frames.

-Fixed Margin Required for 1 Lot to show only 2 decimal places in all cases. Some brokers do not round to 2 decimal places.

-Fixed Closing in Profit to only close trades opened by EA's magic numbers.

-Added Adjustable Parameter for Magic Number.


For choosing the Time Frame to Trade on: When Markets are moving and changing faster, a quicker time frame may be preferred such as M5 or M15, but for a more conservative trader and for larger market direction trends, I would recommend M30 or H1 time frames. Please feel free to share your results and settings with everyone if you find something that works well. This EA requires time to truly prove out which settings work better for the constantly changing market.

I found the Currency Strength v1.1 Expert Advisor in old .mq4 code. The EA works in DEMO or LIVE. It has a simple Table of Parameters. I was amazed at the results in DEMO trading. It makes sense. The user can set the Strength % or "Difference Between Two Currencies Percentage". My thinking is by setting the minimum strength at least 80%, the pair is more likely to be moving faster in the direction of the trade. I set the TP to 20 pips and disabled the Trade Once per Day parameter. After TP, and the pair is still above 80% Long/-80% Short, the EA immediately enters another trade. The down side, which is typical, there has to be a stop, or the pair will quickly plummet wiping out gains. SL are not optimal. If you set a reasonable SL, you will probably have a lot of S/O, because these high percentage pairs are very volatile. If you set a 100 pip + safety net SL , sure enough, odds are high you will get hit with a disastrous S/O. The only thing that makes sense to me is a Trailing Stop. Unfortunately, the creator/coder Jaspreet Singh did not include a TS in the code. I tried several TS and none worked well. The TS would appear and disappear. The Currency Strength EA trades the pairs within the EA. That is why you can't use the Tester. There are no charts. I even set up the charts and tried the TS EAs. Same thing, appear, disappear, did not work. I am sure there is a good reason for the anomaly since the trading is taking place in the EA. It would be great, if a forum coder could implant TS code in the CS EA.
I have been at this game for years. This EA really looks good. During major market open/close periods, this EA is racking up serious gains fast. After the last TP and the strength has fallen below the set minimum %, another trade will not be executed. If you have a tight TS, you minimize the chance the pair will miss the TS and quickly fall into loser's oblivion. This is where you would need a safety net SL. If one of you sharp coders can add the TS code to the attached Currency Strength v 1.1 .mq4 code, myself and a lot of other traders who try this EA will be eternally grateful.