Currency Strength Indicator v2.0

I've always liked exploring different ways to find which pairs to trade for the day. My recent approach from a few weeks ago, which I'll call Currency Strength Indicator v1.0, was a good, but I recently came up with a much better method, v2.0. What makes it so much better is that it can pinpoint the best pairs to trade within the first hour of the Tokyo session open.

I've been testing it for two days now, and today was the first full session where I took a screenshot for a Forex Factory journal. I'm planning to test it the rest of this week to see if the method is consistent.

It seems v2.0 is definitely working better.

Markets must be crazy right now, caused 500 USD drawdown.

These pairs are from yesterday but I am also testing how many days the pairs that were identified will continue to trend. Since it is just demo testing, I'm letting them run, but in real live testing, I would treat the pairs and intraday only. Regardless, it is still worth demo testing to see how many days the identified pairs will continue to trend.

Today's trending pairs are working well so far with v2.0, and I would only consider them valid for the same day, intraday. I plan to continue demo testing the v2.0 for the rest of the week so I'll also check on demo what they do on day 2, day 3, etc.

If anyone is interested in demo testing v2.0, let me know in this journal and I will try to see how to make the indicator available.

Looks intresting for sure ... do you belive will work with dax also ?

Are there cross pairs with DAX? Because it's a currency strength indicator so a pair needs to compare itself with others. It starts evaluating at 03:00 Tokyo open and within the first hour of 03:00, it identifies the pairs to be traded same day intraday.

Understood , thank you for your kindly replay . I like trade Dax than currency for time matters ... Dax is not open 24h . But i will try something new.

I don't know, in my opinion, people pay too much attention about the pair, like EURUSD, or Gold, or whatever else. Personally, I would trade any pair that is tradable, meaning it has low spread compared to its M1 chart. If the M1 chart is zoomed out all the way and the bid and ask lines take up half the screen, then that pair is not tradable. That's why I just trade Forex because the spreads are tight.

Very choppy equity curve today.