Patrick Barks Posted October 15, 2012 Report Share Posted October 15, 2012 This system isnt mine but i have been using it with some success and wanted to share. I will be going live with this system this week. The system is based on a tool (not indicator but external tool) called "Currency Strength Meter" Be sure to read here to find out how it works http://www.currencystrengthmeter.com/currency-strength-meter-explained/ Download here http://www.currencystrengthmeter.com/ The System: I got this system from one of the videos on the site in which someone had contacted the owner with a way he gains profit using the tool. I tried it and it does work but make sure spreads are now higher than 3 pips to be on the safe side. You buy or sell on any difference of 5 points between two currencies. So lets say EUR is 7.00 and JPY is 1.10 You would BUY the EUR If the USD is 6.20 and the EUR is 0.00 you would SELL the USD There is plenty of resources on that site but be sure to check out the videos but this is how it works I use a SL of 10 pips and a TP of 5 pips. Here is the record for my latest trades on demo. http://i.imgur.com/ZogT1.jpg adsanders, thaomoua, newbie111 and 1 other 4 Quote Link to comment Share on other sites More sharing options...
256robertm Posted October 22, 2012 Report Share Posted October 22, 2012 anybody else tried Quote Link to comment Share on other sites More sharing options...
hermes Posted October 22, 2012 Report Share Posted October 22, 2012 (edited) Patrick the CMS 3.0.6 cannot be installed we have to look at it only online. There is some problem with registration. I already asked Henry but he didn't answered. When EUR 0.00 and USD 6.20 expect reversal! You should buy EUR! But wait for a green candle. Don't mix high red and low blue currencies because the trend is on the end - exhausted trend before reversal! Hermes Edited October 22, 2012 by hermes ForexMike 1 Quote Link to comment Share on other sites More sharing options...
metal1713006284 Posted October 22, 2012 Report Share Posted October 22, 2012 Its working on my computer http://i.imgur.com/f6PHh.png Quote Link to comment Share on other sites More sharing options...
thaomoua Posted October 22, 2012 Report Share Posted October 22, 2012 I installed it last week and it worked. Registration and all. CMS is currently running ok. Try again later. Quote Link to comment Share on other sites More sharing options...
hermes Posted October 22, 2012 Report Share Posted October 22, 2012 Why it doesn't work on my PC? I can download it install it but than the box popup ask for the name and address and no end! I have NT 4. Hermes Quote Link to comment Share on other sites More sharing options...
4xxxx Posted October 23, 2012 Report Share Posted October 23, 2012 Patrick the CMS 3.0.6 cannot be installed we have to look at it only online. There is some problem with registration. I already asked Henry but he didn't answered. When EUR 0.00 and USD 6.20 expect reversal! You should buy EUR! But wait for a green candle. Don't mix high red and low blue currencies because the trend is on the end - exhausted trend before reversal! Hermes Thanks Hermes, I have always wondered about when the trend will exhaust itself if you trade the direction of the currency meter. This is a good hint. 4xxxx Quote Link to comment Share on other sites More sharing options...
finger2 Posted October 23, 2012 Report Share Posted October 23, 2012 !xMeter.mq4 for MT4 is the same as CMS ? http://1.bp.blogspot.com/-_dN6Ttx3g8Y/TlbTAyyr9lI/AAAAAAAALOU/TcGAHHKli7A/s1600/xMeter%2BMT4%2BIndicator.gif like for MT5 http://mql5.com/8tl Quote Link to comment Share on other sites More sharing options...
thaomoua Posted October 23, 2012 Report Share Posted October 23, 2012 One way to find out is to have both running side by side and verify their strength. Quote Link to comment Share on other sites More sharing options...
hermes Posted October 23, 2012 Report Share Posted October 23, 2012 The problem is when you put a few meters on platform every one is telling something else! Like mad gypsy brothers. One can get headache but confused for sure. It is not good idea to watch many meters but compare meters with real pairs charts how true the meter is. Many times meter says uptrend and it is only pullback! Always check 3 TFs before enter a trade. Eg. 4H-1H-and on M15 trade. They should agree in trend direction! Sometimes on the smallest TF pullback happens, wait with the trade until pullback is over = trade pullbacks. Hermes finger2 and grego123 2 Quote Link to comment Share on other sites More sharing options...
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