Currency Strength and Weakness EA - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resources
This EA calculates the strength of various currencies based on the percentage change during the day after the opening of the candle. If there are some currencies that are very strong or very weak, it checks the difference between the two. If it is greater than the value parameter provided in the input, it will open a trade with that currency pair and set the Take Profit given by the user.
This EA cannot be backtested. Don't trade directly in real time. Check out the demo first.
Attachment download
📎 currency_strength_v1.1.mq4 (15.77 KB)
Source: MQL5 #17496
Currency Strength and Weakness EA - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 Resource Usage and Screening Suggestions
Currency Strength and Weakness EA - MetaTrader 4 Expert | MT4 EA Download - MetaTrader 4 resources belong to MT4 EA related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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