Thread: mctc currency strength indi for you to try

Im trading the currencies pairs right.
Indi interval set to Daily.

I take the 3 most powerful up's and place buys orders , also , the 3 most powerful down's and place market orders.
The strength number ought to be over 20 - and also the spread below 5 pips
This is at or after the introduction of the asian markets
When a new pair comes to the top 3, either up or down , I will place a new order , up or down.

When the account reaches or exceeds 3 percent equity , I shut all orders and stop trading for the day.

This is the basic EA egy on my commerce explorer.

When the indior TF is set to daily, does the TF of this pair need to be set to daily also?

aelimian

the indi timeframe should higher than the chart timeframe

image attached shows that gbpjpy would have become the best pair to trade in the time , measuring more than 1 month on daily timeframe.
You'll be able to bring this down to quantify on a 5 minute chart over a daily interval.
IE indi set to daily ; chart set to 5 minutes

Fyi:

My reply to a querry on another forum:

quote:
the indi measure movement from some point in time , we have to start measuring anything from a beginning point , I enjoy the daily interval , but Im busy experimenting with the H4 interval now.
I find the best way to utilize the indi would be to exchange the top 3 'up' and top3 'down' pairs that have a spread of less than 5.5 pips. What I have discovered is that the market can undo at any moment , so the best chance of succeeding would be to exchange mutiple pairs , possibly one of these may undo , bust we should have others going in the ideal direction and then we're not trading the flat ones. My indi will show you the movers and keep you apart from the 'flat' shing pairs. There is a worth that is strenght next to each pair , this is for you the trader to choose whether the strength is strong enough to put a trade.
Have a peek at my sign , this really is a EA based on this indi , it will exchange from day opening the 3 strongest down and up pairs , and close trading once the account has reached 3% profit for the day , although I've seen it move to much greater than 3% ! , but this is where the trader could come in and decide if to close trades.
I trust this helps.
PS , I ceased using indi's like RSI as they are based over a timespan period , so what is a great period for RSI ? 15 , all these 'moving average' indi's are useless in my view because the essentially lag.
cheers

Thank you for this indior.

Happy to report:
just ended this week off.
4 weeks jogging and 100 % success rate at achieving 3 % Every Day

Originally Posted by ;

quote Thank you for submitting your currency strength indior. I would be curious to try it but I won't use any indior on the forums already in compiled format due to malicious code. Do you have the source?

This indior isn't anything special: that the core is smSession indior....and buju indior plots the difference of currencies strength for compute pairs strength

Originally Posted by ;

fyi: My response to a querry on a different forum: quote: that the indi measure movement from a point in time , we must begin measuring anything from a starting point , I like the daily timeframe , but Im busy tinkering with the H4 timeframe now. I find the best approach to utilize the indi is to trade the best 3 'up' and top3 'down' pairs that have a spread of less than 5.5 pips. What I have found is that the market can reverse at ANY time , therefore the best chance of success is to trade mutiple pairs , maybe one of them might reverse , bust we should have others...

Please explain how and if you talk about the profit in greater details. Thank you

If you understand how to use it correctly this is awesome.

I used the weekly interval last week and brought/sold if 50 or -50 or more
Created #4,183 out of 6 pairs out of 1 lot each. Brought at 9am (London time) Tuesday dawn and closed all only before weekend near.

Where do I get the EA from. Will see how it goes and do the same this week. Powerful indi.

Nice one Buju. Well done

buju....thank you very much !!!