Are you looking to enhance your trading strategy? Look no further than the Currency Strength EA, designed specifically for MetaTrader 4. This powerful tool helps you gauge the strength of various currencies based on their percentage change from the day's opening candle.
When a currency shows significant strength or weakness, this EA will analyze the difference between the two. If that difference exceeds the threshold you set in the input parameters, the EA will automatically open a trade with the relevant currency pair and establish a take profit level as specified by you.
Important: Remember, this EA is not designed for backtesting. It's crucial to test it in a demo environment before going live with real funds to ensure you're comfortable with how it operates.
NOTE: This EA is intended to be applied on a single chart, and it will manage trades across all currencies from there.
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