OK, here it is. Click on the image below, then choose to ‘Save File’ on a specific location in your computer:
Newsprofiteer Currency Strength Meter
It’s tough to keep track of what’s going on in the market without at least comparing 4 to 5 charts at the same time, and to be absolutely sure that I didn’t miss anything, I would literally look over 10+ different pairs for a better picture.
Even the fastest chartist will probably take 3 or more minutes per chart, considering different timeframes, and that’s about 30 minutes just to find out what’s really going on with the market… By the time I’m done, market has already moved; so I need to start this process again…
Or consider this, you wake up to an overnight drop in the GBP/USD pair, but what caused the drop? Is it stronger USD? Or stronger EUR? Or stronger JPY? Wouldn’t it be great if you can just see it without having to go through the ritual?
How about this, you are looking to SELL EUR after a strong negative comment from ECB Trichet, which pair would give you the best outcome? EUR/USD, EUR/JPY, or EUR/GBP? Because by choosing the wrong pair to trade, it could mean either addition 100 pips of profit or just barely breaking even…
That’s why I created this Newsprofiteer Meter, works with any MT4 (Metatrader 4) platform. All you need to do is enable all Forex symbols in your market watch and enable the DDE Server. (Don’t worry, I’ll show you how to do it step-by-step in the video above).
You don’t need a live account with a MT4 broker, just download any MT4 broker platform with a demo account, then you are done. I used http://www.fxdd.com.
The meter is 100% free for you to use. All I ask is that you simply leave me a comment about your results and refer people here to download it.
Thank You,
Henry Liu
P.S. If you want to find out more information on my trading system, and perhaps signup for an one-on-one coaching, then please visit my Mentoring Page. Henry Liu’s Forex News Trading System – Mastermind Mentoring System
Website: http://www.newsprofiteer.com
Blog: http://www.henryliuforex.com
Twitter: www.twitter.com/henryliuforex
YouTube: www.youtube.com/henryliuforex
Facebook: http://www.facebook.com/people/Henry-Liu/100000452302508
{ 28 comments… read them below or add one }
This is great, i made 50 pips on the 5 mins tf euro/usd today thanks!!!!!
Henry,
I just found your website last week and have been playing with your CSM for a couple of days. I am a day trader and your indicator helps me to stay in short term trades (even when they are going against me). I really appreciate you work and would gladly pay for a tool like this. Can’t believe that you give it away for free. THANKS! Chris
i use FXCM PLATFORM, DOES THE METER ONLY USES MT4 PLATFORM. HOW DO I USE THE METER WITH THE FXCM TRADING STATION 2
Hi Joy,
The currency meter only works with MT4 at this time. You can download a FXDD MT4 demo just to run the meter and keep trading with FXCM Trading Station 2.
Hi Dick,
Please click on the ‘Download’ menu option above or click on this link:
http://www.currencystrengthmeter.com/download/
You will need to complete and submit the form at the bottom of the page to be able to download the meter.
please where can i download it
excellent work
job well done
Is it possible to code a currency meter so as to be able to do back testing?
NY is open 1 hr now
How current/delay is the information on the currency meter?
If it is real time, what time are they based on ie: 4hr,1hr 15min etc?
Thanks
henry,
you have developed a woinderful indicator for forex trading. However i have a suggestion for you. Can you make it possible to have an audioalert whenever the color changes to red or blue with less than 2.0 or more than 7.5
in any of the currenies. this will prevent people staying glued to their pc. Your subscribers might even be ready to pay for this,
david
Strength meter showing only zeroes (0).
I have “Enable DDE server” on FXCM MT4 platform and have several EAs running properly.
But the Strength Meter is not working. Why?
I’m unsure as I have FXCM and it is working with my meter. I just double checked it. Can you restart your PC just to make sure?
Make sure there is no character after the symbol, such as a “m” or “fxf”. (EURUSD is the normal symbol, but sometimes we get EURUSDm or EURUSDFXF from different brokers…)
If you get additional characters after the symbol, make sure you select the checkbox “My broker uses different quote” and then enter in the textbox the additional character.
In the case of EURUSDFXF, you would enter FXF in the textbox.
Hi Henry,
Are you sur it works with Vista?
I downloaded FXDD, clicked the DDE, nothing appears…
All the best
arnold
I have tested this on both Vista Home and Business. It works fine…
Oh, I have installed the Meter successfully. I tried some orders in my demo. When JPY is 8 I sell and USD 1.7 I buy and all orders are green after about 15-30 minutes. Great!
But could you please write more clearly about how to use the meter. When to buy and when to sell? It is better in sideway market or strong trending market? I myself think it suit sideway market, in Asian time. Is that right?
Sure, I’ll get into the details on it with a new video.
if the currency meter still free? there is no link to download it?
Yes, just click on the image.
Sir
Very useful but I was unable to instal Alpari UK live account MT4. Error message asking for password.Please help
Atique
London
No idea why it asks password… make sure you’ve setup your account.
Looks like a good indicator..but where is the link?
Thanks man, very very convenient add on to any methodology, and very generously shared
the image isn’t a link. can’t find where to d/l
Thanks for the currency meter, so long I have searcing for this meter, and again thanks
thanks for your forex meter
thanks for this meter and i want to known more about forex market
I cant see a download link for the meter ?
Omar:
Just click on the picture.