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Question about currency strength meters

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Question about currency strength meters

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  #1 (permalink)
Regina Sask Canada
Posts: 1 since Apr 2015
Thanks: 1 given, 0 received

I found a meter I think looks good but I cannot find any reviews on it. Is it new? I read something on their site about the company being around 10 years, but I see nothing online mentioned about this meter.

fxmcsm DOT com FX Multi Currency Strength Meter Software Download FXMCSM

It says it's updated every second. (Others I have seen are updated every 5-15 min).

I have not even started trading yet, so I want to get some opinions on this before I bother.

I want to use ninjatrader and this uses mt4 so I I'm thinking that if I was to use this particular meter I would need a separate computer to run it.

I want to know if you guys think it's that much better than the others out there for Ninjatrader that it would be worth buying an extra computer.(running both would freeze the computer?)

One last thing, I want to trade currency futures rather than spot forex. Do I approach trading them both the same way?

Thanks in advance.

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  #3 (permalink)
Legendary Market Wizard
Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker: AMP/CQG
Trading: ES, NQ, YM
trendisyourfriend's Avatar
Posts: 4,142 since Oct 2009
Thanks: 3,819 given, 5,384 received

I think the best currency strength tool is here:
Currency Strength Charting Platform

It runs as an application not as an indicator within your charting platform.

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Last Updated on April 8, 2015

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