MT4 EA that draws a simple currency strengths meter in your chart

Introduction:

We all know how valuable is the currency strengths data to any forex trader. It is one of the favorite tools used by the Pro traders today. Now you can take advantage of the same tool by using our EA.

About the EA and how it works:

We have created this simple MT4 EA that you can add to your MT4 chart and it will draw currency strength meter as shown below in the sample screenshot. The latest version will also show the Currency Matrix Signal along with currency strengths. This screenshot is from our own MT4 live account where we are using it for our trading decisions.

Screenshot 1: Version 5 (Our latest version)

Screenshot 2: Version 3 (free version) and Version 4 looks like below when fully installed in your MT4:

The latest version has five different timeframes (free version has four timeframes) that it shows the currency strengths for. It also shows the Currency Matrix Signal (our proprietary signal that is nothing but trading signal derived from adding all the currency strength ranks for the given currency).

It also has default 15 min update frequency. In other words, it reads and updates the currency strengths data every 15 min from our online database and shows in your chart.

Data is read via a simple API call from the EA to our database. For this to work, you need to add our URL to the list of allowed URLs in your MT4. We have created a step-by-step guide on how to do this and it is available as part of the readme file that you get when you download the package. So even the newbies can easily install this EA and take advantage of the same.

You will also need to get an API key that is unique to you so we know that the API call is coming from an authorized source. The EA package contains a readme file that will explain to you how to get the API key. It also explains each and every input variable and what value to use in it. We also have resources that explain step-by-step how to install an EA on MT4 chart and how to add URLs to allowed URLs in MT4. You get all this from the readme file. All you have to do is to download the package and follow the instructions.

Once setup correctly, the EA will start reading currency strength data from our online database and display in the form of the currency strength meter as shown in the sample screenshots above. Fresh data will be read at the frequency you specify. Every time this EA reads the currency strengths from our online database, it is counted as one API call. Once your quota of API calls is exhausted, you need to buy additional if you wish to continue to use the EA.

Version comparison table:

FeatureV3V4V5
Number of timeframes for currency strengths (e.g. 1 hr, 4 hr, etc.)445
Shows currency strengths Matrix signal?YYY
Sounds alert when new Matrix signal is available?YYY
API quota allocated with purchase ($1 for additional 10000 API calls once allocated quota is exhausted.)10000100000200000
Video of installation steps available? (see below the table in list of videos.YYY
Can send phone alert when new matrix signal is available?NYY
Can send email alert when new matrix signal is available?NYY
Price (see download or purchase buttons below)FREE$10 $5 **$20 $10 **
Is source code included (MQL 4 file) (You will be getting the .EX4 file only. Not the MQL code for this EA.)NONONO
** Special offer for limited time.

List of useful videos:

Video 1: Installation instructions for Version 3 (also apply to the basic installation of Version 4 and 5)

Video 2: How to enable phone notifications to receive the matrix signal delivered to your phone (useful for version 4 and 5 – not useful for version 3)

Video 3: How to enable email notification to receive Matrix signal delivered to your email (useful for Version 4 and 5 – not useful for Version 3)


Download or purchase options:

Version 3 (Free version) – use the download link below:

3748 Downloads

Version 4$10 $5 for one license


Version 5$20 $10 for one license


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Risk warning: Before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. There is considerable exposure to risk in any off-exchange foreign exchange transaction, including, but not limited to, leverage, creditworthiness, limited regulatory protection and market volatility that may substantially affect the price, or liquidity of a currency or currency pair. More over, the leveraged nature of forex trading means that any market movement will have an equally proportional effect on your deposited funds. This may work against you as well as for you. The possibility exists that you could sustain a total loss of initial margin funds and be required to deposit additional funds to maintain your position. If you fail to meet any margin requirement, your position may be liquidated and you will be responsible for any resulting losses.