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Question about currency strength meters
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Question about currency strength meters

  #1 (permalink)
Trading Apprentice
Regina Sask Canada
 
Futures Experience: None
Platform: ninjatrader
Favorite Futures: Not sure yet
 
Posts: 1 since Apr 2015
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Question about currency strength meters

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)
Elite Member
Quebec
 
Futures Experience: Intermediate
Platform: NinjaTrader wt Rancho Dinero's profiling tools
Broker/Data: Stage 5 trading/AMP/CQG
Favorite Futures: ES, NQ, YM
 
trendisyourfriend's Avatar
 
Posts: 3,697 since Oct 2009
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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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