FxCurrencyIndex

Enhance your trading experience!
FxCurrencyStrength is a Windows application. This is not an MT4 EA or indicator. FxCurrencyStrength is designed for Windows 10.

Since it is a Windows application it does not run inside the MetaTrader platform like EAs and indicators. Therefore, it will not affect MT4 response. This can be an issue on slower systems or with traders concerned with latency issues. Also there will be no need for updates when MT4 upgrades to new builds.

In addition to currency strength FxCurrencyStrength also provide data on tick count for each currency pair. This provides an indication of broker volume and may be used to decide which active pairs to trade at any particular time.

This is not a service where you will be charged a monthly or annual fee. FxCurrencyStrength is sold with a one time affordable payment. No recurring fees! Once the license key is installed you can run the program forever on the computer where the license key resides.

For those traders who need to analyze currency strength data an export function is provided. Save screen data for import to Excel for historical pattern analysis. Manipulate the data to find patterns and hidden anomalies to assist in your trading.

Every Forex trader needs a currency strength chart!
Forex is the world’s largest financial market with an average daily volume of $3 trillion dollars. It is open 24 hours a day Monday through Friday.

One of the most successful and cost effective software platforms to trade Forex is MetaTrader. It is provided by many brokers at no charge. MetaTrader allows the end user to analyze the market and place trades directly from the charts. MetaTrader has the ability to run customized programs such as indicators, scripts and expert advisors. MetaTrader also provides a data stream of price ticks through a built in Dynamic Data Exchange (DDE) server. The Forex Currency Strength Index program utilizes the MetaTrader DDE to calculate and display each currency strength with a robust calculation algorithm measuring the rate of change at a minimum every 5 seconds.

The Forex Currency Strength Index program is NOT an automated forex trading program. It is a tool to be used by manual traders to determine currency strength by assigning an index value. Determining individual currency strength allows the trader to decide which currencies or currency pairs to trade.

The Forex Currency Strength Index program is a tool for traders. The program provides the data. The trader evaluates the data and determines how to proceed with trades. As an individual currency strength index rises or falls, all pairs containing the currency are experiencing positive or negative price movement, respectively. The strength index is the total effect of all these pairs on the one currency. The challenge is to select the proper currency pair to trade based on the strength index.

It is impossible to open and monitor a forex chart for every currency pair. The Tick Rate data charts allow the trader to quickly identify which currency pair(s) are most active. This combined with the currency strength index is a powerful trader tool. The currency strength index concept allows the trader to use a weakening currency to buy a strong currency OR use a strong currency to sell a weakening currency. The behavior of the strength index lines is important. Steep rises or falls indicate higher trading volume. Used in conjunction with the tick rate data, this will steer the trader into selecting the proper currency pair to trade. Most traders prefer to trade higher volume periods during Asian, European or US market opens with careful attention to scheduled economic reports.

It is recommended that the program be started at least 4 hours before you intend to start trading to collect a history of recent market behavior. For those traders who wish more data, start the program at the beginning of the week. This will allow the trader to view previous market activity. Storing the data in a spreadsheet can provide a means for back testing strength patterns.

Try the Lite Edition before you buy!
Download your free Lite Version now!
We do provide a free download of the User’s Manual and the Lite version that you can test on your MT4 platform. If you are satisfied with the performance of the Lite version you can purchase the Standard version online. Once you purchase the Standard version there will be no refunds.


CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.

DISCLAIMER

The information on this website is for educational purposes only and is not intended to provide financial advice. Any statements about profits or income, expressed or implied, does not represent a guarantee. Your actual trading may result in losses as no trading system is guaranteed. You accept full responsibilities for your actions, trades, profit or loss, and agree to hold the authors and any authorized distributors of this information harmless in any and all ways.

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial adviser if you have any doubts.

The purchase, sale or advice regarding a currency can only be performed by a licensed Broker/Dealer. Neither the authors nor affiliates involved in the production and maintenance of these products or this site, are registered Brokers/Dealers or Investment Advisers in any State or Federally-sanctioned jurisdiction. All purchasers of products referenced at this site are encouraged to consult with a licensed representative of their choice regarding any particular trade or trading strategy. No representation is being made that any account will or is likely to achieve profits with the use of the products referenced at this site.

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