Currency Strength Forex Trading System Indicator For Metatrader 4
The currency strength Forex MT4 indicator represents a complete trading system that is based on currency strength between the various major currencies.
It compares the following currencies: USD, EUR, GBP, JPY, AUD, CAD, CHF and NZD.
Basically, you don’t need to analyze the markets yourself, this indicator will do all the work for you.
It’s a very simple system that tells you exactly what currency pair to buy or sell, and when to buy or sell it.
The system indicator will alert you in real time. Just try it, everybody can master it!
- A complete trading system based on currency strength.
- Overall winning percentage exceeds 75%.
- Just wait for a new signal to appear on the chart.
- Works for beginners as well as seasoned traders.
Learn below how to open buy and sell trades with the Currency Strength Forex Trading System MT4 indicator.
Indicator Example Chart
Here’s an example (GBP/JPY H4 chart) of how the indicator should look like when loaded onto the Metatrader 4 chart.
Attach the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Signals With The Currency Strength Forex Trading System MT4 indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: Buy the currency pair whenever a buy signal appears on the chart.
Set stop loss below the previous swing low price, or use your own favorite SL method.
Close the buy trade for a reward/risk ratio of 2.0 or better, or deploy your own favorite take profit method.
Sell Trigger: Sell the currency pair whenever a sell signal appears on the chart.
Set stop loss above the previous swing high price, or use your own favorite SL method.
Close the sell trade for a reward/risk ratio of 2.0 or better, or deploy your own favorite take profit method.
Download This Forex Indicator
Adjustable Parameters & Settings
MA method, price, signal alert, send email, color, width, style.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
The indicator can be deployed as a standalone trading system or strategy.
It can also be combined with trend indicators (moving averages, Bollinger Bands,..), technical oscillators (RSI, MACD,..) and price action strategies.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: currency strength
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.