Hello, we continue to publish a series of excellent indicators and utilities from the developer Sten Invest , we have already published such products as FX Trend X, Strong trading assistant and Fx Lighthouse. Today we will publish another indicator called FX Power X is the first currency strength meter with a complete history across all time frames.It analyzes the momentum and strength of all major currencies to determine high probability trades. In principle, using all these tools, by observing and analyzing the market, a trader can create a rather powerful strategy for trading.
Attention !!! Please read carefully the rules for installing the advisor, and install it correctly. Before publishing, we check everything and publish only those advisors that work on our accounts !!! At least at the time of this article’s publication
|Recommended brokers||NPBFX, ALPARI, Amarkets|
How to trade with FX Power X?
Use the FX Power histogram buttons to display the currency lines you need and compare short and long-term analysis to determine efficient combinations.
A. Trade “crossings” of currency histogram lines
- BUY if EUR crosses USD upwards
- SELL if EUR crosses USD downwards
B. Trade confirming patterns of different time periods
- Run two FX Power instances, e.g. 1 hour and 8 hours
- Buy EURUSD if EUR is stronger than USD at both periods
- Sell EURUSD if EUR is weaker than USD at both periods
C. Trade the correlation of single currencies
- BUY if EUR and CHF are stronger than USD
- SELL if EUR and CHF are weaker than USD
IT IS IMPORTANT!!! THIS ADVISOR WORKS AND HAS BEEN TESTED WITH BUILDING 1320 , LIBRARY FILE msimg32 LOCATED IN THE MAIN ARCHIVE
For the advisor to work, you need to install the library DLL in the root folder of the terminal, please read the instructions, the installation of this advisor may differ from the standard installation – https://fx-vip.pro/libraries-mt4/
Reminder: As with every trading system, always remember that forex trading can be risky. Don’t trade with money that you can not afford to lose. It is always best to test EA’s first on demo accounts, or live accounts running low lotsize. You can always increase risk later!