The Currency Strength Index shows how major currencies perform against each other in real-time. You can see at a glance which currency is on the rise and which one is declining, thus giving you valuable information about buying and selling pressure. To avoid volatility bias, Currency Strength Index is using sophisticated calculation algorithm, which makes it a reliable tool in the decision making process of every trader. The Currency Strength Index is calculated live forex trading 2014 for 2015 real-time, on every tick.
The calculations are based on the 1 minute time frame. The colored indicator bars and percentage values for each currency are updated automatically every 5 seconds. It is relatively easy to find articles about trading systems that achieve positive long term historical results on highly liquid Forex pairs. However this becomes more difficult as we move to more exotic pairs since trading costs generally make the development of profitable trading systems for these symbols harder.
The entry and exit rules are shown below. The Authority’ on Price Action Trading. In 2016, Nial won the Million Dollar Trader Competition. I’m all for people having a demo account to practice their trading strategy on. However, I’ve got about 15,000 students and the common denominator is that people stay on their demo account too long.