Welcome to the world of automated trading! Today, I’m excited to introduce you to the CSPA 1.43, a fantastic multi-currency Expert Advisor (EA) designed for MetaTrader 4. This EA leverages currency strengths to spot the best trading opportunities across various pairs.
CSPA takes a unique approach by utilizing both long-term and short-term currency strength indicators, which you can easily customize to fit your trading style. Plus, it incorporates the Relative Strength Index (RSI) for added confirmation, ensuring you're making well-informed trades. To top it off, there's a nifty news filter integrated, thanks to Tim Morris from Forex Factory. Simply add the EA to one chart, and it will manage trades across all the pairs you've enabled in the settings.
Before you dive in, make sure you download the news indicator from Tim Morris by following this link: NewsCalv107.
If you’re eager to backtest the CSPA EA, you’ll need to export all the historical data for your chosen pairs and set the Shift to 1 on both long and short time frames. Stay tuned, as I’ll be providing a comprehensive guide on all the settings soon.
While I won’t be able to respond to individual suggestions and comments, my good friend Pedro might be able to lend a hand.
Many thanks to:
- Pedro Simao - For his invaluable ideas and friendship
- Tim Morris - For graciously sharing your News Indicator.
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