Currency Strength Breakout 外汇EA

The Currency Strength Breakout indicator monitors eight currencies across M1, M5, M15, M30 & H1 time frames all in the same window.

Trade the strongest currency against the weakest with alerts for pullbacks giving you the opertunity to enter the trend.

Please note: I have made the decision to give this Indicator away and many more for free with limited support so that I can concentrate on Custom EA.
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Monitoring Signals – https://www.mql5.com/en/signals/author/robots4forex?orderby=gain

Features

• Easily see which currencies are currently trending and in which direction.
• Trade pullbacks with the highest probability of success.
• Colors are fully adjustable.

How To Trade

1. The higher time frame currency strengths are displayed on the left.
2. The lower time frame currency strengths are displayed on the right, only the strongest and three weakest.
3. On the lower time frame wait for the strongest currency strength to go below the weaker currency, this indicates a pullback. Alerts are generated for this signal if they are enabled.
4. Open the chart for this pair, indicated top right of the window. Note the breakout direction you are looking to trade is also displayed top right.
5. Look for a good entry point based on your preferred method, either choose a support level and enter at a good price or add a buy/sell stop order to catch the trend when it continues.
6. Always remember to add a stop loss in a smart position.

Input Settings

• MAPeriod – The moving average period used by the indicator – Values 1 to 1000
• Alerts – If enabled the indicator will alert on pullbacks for the strongest currency against the weakest three currencies.
• SmoothingLower – If enabled the lower time frame is smoothed.
• SmoothingLowerPeriod – The smoothing period for the lower time frame – Values 1 to 10.
• SmoothingUpper – If enabled the upper time frame is smoothed.
• SmoothingUpperPeriod – The smoothing period for the upper time frame – Values 1 to 10.
• TextColor – The text color for the pairs displayed top right.
• USDColor – The color of the USD currency.
• EURColor – The color of the EUR currency.
• CHFColor – The color of the CHF currency.
• AUDColor – The color of the AUD currency.
• JPYColor – The color of the JPY currency.
• GBPColor – The color of the GBP currency.
• CADColor – The color of the CAD currency.
• NZDColor – The color of the NZD currency.