Forex Price Action Hacked - Price Action Rockstar

- Joined Jan 2011 | Status: Senior Trader | 1,475 Posts
Bulls are stupid Animals!especially when Im short!
Best Currency Strength Meter and why? 425 replies
currency strength meter 41 replies
Currency Strength Meter - Improvement 34 replies
Coding the most accurate currency strength meter 11 replies
currency strength meter for daily chart 2 replies
DislikedHere is a tool which is a nice tool for your toolbox. It's been around for a while but is very useful for looking at the strength / weakness of individual currencies. Although it displays on your chart like an indicator it is ACTUALLY A Non-trading EA (Expert Advisor) and is put into the Experts folder of MT4 and NOT the Indicators folder. It will not open or close trades as many EAs can do. (Save in c: /program files/ yourMT4folder/experts). Attach it to your charts from your Experts folder. [b]This is because the algorithm is run...Ignored
DislikedI am quite new to currency trading and stumbled over the currency meter and want to apply it to my trading.
The problem is that atm I am trading with CMC markets spread betting and I cannot attach the meter to the platform.
Does anybody have a good solution for my problem?
Maybe an online currency meter?
Thanks in advance...Ignored
DislikedThanks for replying.
I have had it for a while myself and although I have been learning to trade different ways I always feel more confident in my shorter term trades when I use the meter. Infact it is not too often I have losing trades when using it.
I never really liked Tom's system he gives with the meter though. I know it does work but I just personally didn't like it much because of a few different reasons. I used it on the 15min chart with possibly better success than the 5min chart.
What I guess I wanted to do is find out if many others...Ignored
DislikedHere is a tool which is a nice tool for your toolbox. It's been around for a while but is very useful for looking at the strength / weakness of individual currencies. Although it displays on your chart like an indicator it is ACTUALLY A Non-trading EA (Expert Advisor) and is put into the Experts folder of MT4 and NOT the Indicators folder. It will not open or close trades as many EAs can do. (Save in c: /program files/ yourMT4folder/experts). Attach it to your charts from your Experts folder. [b]This is because the algorithm is run...Ignored
DislikedHere is a tool which is a nice tool for your toolbox. It's been around for a while but is very useful for looking at the strength / weakness of individual currencies. Although it displays on your chart like an indicator it is ACTUALLY A Non-trading EA (Expert Advisor) and is put into the Experts folder of MT4 and NOT the Indicators folder. It will not open or close trades as many EAs can do. (Save in c: /program files/ yourMT4folder/experts). Attach it to your charts from your Experts folder. [b]This is because the algorithm is run...Ignored
DislikedTHIS IS ONE IMPORTANT ADVICE I HAVE EVER READ AND PUT INTO USE I SAW THE RESULTS INSTANTLY.....A BILLION THANKS Pipsqueak4x.....JAH BLESSIgnored
DislikedFor those having difficulty using the currency meter that Pipssqueak4x posted as an expert I have attached an updated version that you can apply as an indicator.
Ignored
DislikedHi Highlanderx
The higher the strength of a currency on the meter shows the stronger it is against say,... one that is showing a low strength. You could assume that you would want to buy the stronger or sell the weakest against it. However, I have known those that see that scenario & would expect a reversal soon so they wait for the set up on their charts to take a reversal or pull back.
To me me it can be played either way.
Do not just use this indicator as a signal. Be sure you have other confluences in line to take the trades.
If...Ignored
DislikedThis instant, real time currency strength meter below is a quick and simple way to view current strengths. Go to the site and select your currencies and time frame by clicking the buttons at the top:
http://newyork.wyfxco.com/currency-strength-meter.png
You do not need to refresh the page to update currency strengths. Just click whichever chart time frame button you are using and it will refresh within the...Ignored