Hakim314 Posted January 9, 2012 Report Share Posted January 9, 2012 I want to share something useful for this great community :) It's Strenght Meter of Currencies. 8 symbols, You check the pair and compare with You strategy. It's a free tool: [url:]http://www.currencystrengthmeter.com/[/url] There is video explaining a methodology. It cooperates well with CPU so it will not crash the mt4 as my last experiments :) with currency strenght. It's based on statements from Int'l Bank of Settlements. IT HAS alarm for economic newses when You roll-on right edge and You can even setup sound alarm for newses 5 min before AND even for values of curr. Simple examples: 1- You check sentiment of Your favourite pair, compare trend with PA, trade 2- You look for BEST ooportunity: choose a pair when there is Strongest and Weakest Symbol. Strong means above 6,0 (orange), weak means <2,0 (blue). Sometimes extremes (8,0) are not best choice, but try it. I have cool pips on exotic pairs (for me) like AUDCAD and NzdUsd. IF the first symbol in pair is stronger = trend up = long IF the second symbol in pair is weaker = trend down = short. FIRST OF ALL: observe, then compare, then trade. Greediness will kill Your acc and then You :/ Kudos appreciated. waldorfxt, mashki, mike73 and 12 others 15 Quote Link to comment Share on other sites More sharing options...
hermes Posted January 9, 2012 Report Share Posted January 9, 2012 The video doesn't explain too much because is frozen but anyway Dzenkujem Hermes Quote Link to comment Share on other sites More sharing options...
Hakim314 Posted January 11, 2012 Author Report Share Posted January 11, 2012 You welcome Hermes. The movie works fine with me, so try again. Even if... I explained main rules above. My results on real acc. with This Meter :) http://img843.imageshack.us/img843/2039/dzisiajk.png Quote Link to comment Share on other sites More sharing options...
hermes Posted January 12, 2012 Report Share Posted January 12, 2012 I tried again and the same Zloty. But we don't need it. I like meters if they work accurate. You can always match the strongest and weakest currency and trade them if the meter shows real strength. Is the meter showing Daily or Hourly strength of currencies? Or you can change the TFs? Hermes Quote Link to comment Share on other sites More sharing options...
Hakim314 Posted May 8, 2012 Author Report Share Posted May 8, 2012 As far as I know, it shows ACTUAL S/W situation and no, You can not change the meter. You must feel it... it works good with MurreyMath lines. Pls look at below examples, it will show You how and why :) http://img848.imageshack.us/img848/9467/audusdz.png http://img860.imageshack.us/img860/6369/nzdusdl.png http://img717.imageshack.us/img717/3303/usdcadh.png Quote Link to comment Share on other sites More sharing options...
hermes Posted May 11, 2012 Report Share Posted May 11, 2012 Don't trade the highest against the lowest because they are mostly before reversals! Trade the averages supported by indicators like BB, RSI or MACD. Hermes Quote Link to comment Share on other sites More sharing options...
Hakim314 Posted May 14, 2012 Author Report Share Posted May 14, 2012 Thank You for that advice. Here is another screen from today. Real acc, but small positions. It's OK for me. [url:/http://gyazo.com/11221b36156faaa197f5cea255e13539/url] Quote Link to comment Share on other sites More sharing options...
manu1713006157 Posted May 15, 2012 Report Share Posted May 15, 2012 This Looks Good.. any Idea how much stops and Tp should be initiated Quote Link to comment Share on other sites More sharing options...
hermes Posted May 15, 2012 Report Share Posted May 15, 2012 I installed it but it doesn't show on chart. Is there something special on the installation? Thanks Hermes Quote Link to comment Share on other sites More sharing options...
manu1713006157 Posted May 16, 2012 Report Share Posted May 16, 2012 It won't show on charts... I guess its an independent software which runs on its own..of coz one need to connected to Internet.. Just install it as any regular program and Run it.. Quote Link to comment Share on other sites More sharing options...
mike73 Posted May 16, 2012 Report Share Posted May 16, 2012 Run version beta http://www.currencystrengthmeter.com/275/csm-beta-testing/ Quote Link to comment Share on other sites More sharing options...
smurf43 Posted May 16, 2012 Report Share Posted May 16, 2012 Hi Hermes, This is NOT an MT4 Indicator. It is an independent program. For it to run properly, you need to first of all have MT4 Platform open with following settings in Tools > Options > Server (first Tab) - check the 3rd box "Enable DDE Server" You can now run the meter. hermes 1 Quote Link to comment Share on other sites More sharing options...
hermes Posted May 16, 2012 Report Share Posted May 16, 2012 I think I have enabled that option because I trade often renko and range charts. I will check it again. Thanks Hermes Quote Link to comment Share on other sites More sharing options...
manu1713006157 Posted May 17, 2012 Report Share Posted May 17, 2012 Hi Hermes, This is NOT an MT4 Indicator. It is an independent program. For it to run properly, you need to first of all have MT4 Platform open with following settings in Tools > Options > Server (first Tab) - check the 3rd box "Enable DDE Server" You can now run the meter.  Its funny then... I could see it running... even when my mt4 platform is closed.... Its running well and even the strength-numbers are changing on its own... Is there something wrong or how could it do this. Quote Link to comment Share on other sites More sharing options...
hermes Posted May 17, 2012 Report Share Posted May 17, 2012 Has somebody the manual? It is unclear. Eg. expected 0.3% ??? DHMS or operator == or value 0.01 to 9 ??? The news box? Is it in GMT? The only what is clear is the strength of the currencies. Yes, it would run even in microwaves. Cheers Hermes Quote Link to comment Share on other sites More sharing options...
manu1713006157 Posted May 18, 2012 Report Share Posted May 18, 2012 This is very cute thing... since Last 3-days.. It has made me about 250+ pips.... (usd/cad and chf/Jpy and Eur/Usd) what I'm doing is putting my stops below the daily candle high/Low and aiming for 110-120 pips (around the daily r2/s2 region). one trade I was stopped out on Eur/Cad with -34.. but that was one I closed in middle... and didn't wait for daily Low (stops)... But today surprised that It has tanked up once again.. (In short this could also had been a winner If I had sticked to Rules)Â still If there was clear explanation about Tp and stops..would have been great.. Any Idea Guys. Quote Link to comment Share on other sites More sharing options...
hermes Posted May 20, 2012 Report Share Posted May 20, 2012 Henry Liu doesn't explain enough on the video also. I sent him an email but nobody home. Hermes Quote Link to comment Share on other sites More sharing options...
zabidin2 Posted May 23, 2012 Report Share Posted May 23, 2012 Can anyone explain when to buy or sell? The video not load. Quote Link to comment Share on other sites More sharing options...
Hakim314 Posted May 23, 2012 Author Report Share Posted May 23, 2012 I installed it but it doesn't show on chart. Is there something special on the installation? Thanks Hermes IT DOESNT SHOW ON CHART !! its a stand-alone outside-mt4 application !! the small programme :) I dont know how to describe it more. Quote Link to comment Share on other sites More sharing options...
Hakim314 Posted May 23, 2012 Author Report Share Posted May 23, 2012 Henry Liu doesn't explain enough on the video also. I sent him an email but nobody home. Hermes There is video in the upper part of menu: 7 best uses of CSM. WATCH THIS ! Video works fine, so check Your settings, video codecs etc No, I dont have any idea how to trade stops with it. Quote Link to comment Share on other sites More sharing options...
hermes Posted May 24, 2012 Report Share Posted May 24, 2012 Easy to trade. Don't match blue with red currencies! It is before reversals. Match yellow and orange currencies you have still a time to make a few pips but check the chart outlook first! Check all yellow/orange pairs and chose the best looking but check also the news! The News part is unclear at least for me. It tells how many hour before an important news but you can get it from economical calender also. It suits intraday traders best (5M to 1H). Hermes Quote Link to comment Share on other sites More sharing options...
Hakim314 Posted May 25, 2012 Author Report Share Posted May 25, 2012 Thank You Hermes for Your opinion ! Finally :)) The calendar is done with one purpose. You can match the box with ALERT and You will be noticed 5 min before news about it by ringing :) not to look at the calendar or forget. It's just another help. My friend has very good results combining THIS CSM + BBolinger. Aaaa, about hot vs cold - it's not only just before reversals. I have done once 120pips in 40-50 min on 3 pairs to USD and the trend was lasting for min 20 minutes without any stop ! Wish You a lot of green pips :) Quote Link to comment Share on other sites More sharing options...
hermes Posted May 27, 2012 Report Share Posted May 27, 2012 That's possible strategy also: if USD is the strongest eg. 8:00 red you can buy USD against all US currencies for a while. Hermes Quote Link to comment Share on other sites More sharing options...
Hakim314 Posted July 20, 2012 Author Report Share Posted July 20, 2012 My today very good examples - for Your concern :) Real account, small positions, so what :) http://img577.imageshack.us/img577/6199/examtoday.th.jpg http://img42.imageshack.us/img42/7779/exam2u.jpg Quote Link to comment Share on other sites More sharing options...
dashisiong Posted July 26, 2012 Report Share Posted July 26, 2012 Hakim314, thanks for sharing and it look good for this... Quote Link to comment Share on other sites More sharing options...
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