Aspiring to be a successfulForex trader? The FX Power MT5 platform might just be the tool you need. Providing a comprehensive strength history of all major currencies, it offers a unique approach to Forex Trading. The platform, with its 2020 Strategy Update, could potentially revolutionize your trading strategies.
Key Features of FX Power MT5
FX Power MT5 is a unique Forex Software, which provides a complete strength history of all major currencies. It offers real-time calculations, ensuring 100% reliability. It also boasts of identical calculation results across all brokers and charts, thus ensuring consistency. The software is designed for high-resolution QHD, UHD, and 4K displays, making it suitable for modern trading setups.
The software also offers automated terminal configuration and is optimized for tablet and touchscreen usage, making it versatile and user-friendly. Alerts via email, message, and mobile notifications ensure that you never miss a trading opportunity.
Trading Strategies with FX Power MT5
FX Power MT5 offers a variety of trading strategies. One of these involves trading “crossings” of currency histogram lines. For example, you can buy if EUR crosses USD upwards and sell if EUR crosses USD downwards.
Another strategy involves confirming patterns of different time periods. By running two FX Power instances, such as 1 hour and 8 hours, you can buy EURUSD if EUR is stronger than USD at both periods and sell EURUSD if EUR is weaker than USD at both periods.
Lastly, you can trade the correlation of single currencies. For instance, you can buy if EUR and CHF are stronger than USD and sell if EUR and CHF are weaker than USD.
Choosing the Right Analysis Period
The FX Power analysis is entirely independent of any chart time frame. If you choose a 1-day analysis period, FX Power considers the entire historical data of the past 24 hours to determine the currency strength. If you choose a 1-week period, it considers the entire historical data of the past 5 trading days.
The choice of analysis period ultimately depends on your trading style. If you trade the D1 chart time frame, an analysis period of 1 or 2 weeks is recommended. A 1-week period is faster, while a 2-week period is smoother.
Alert and Notification Options
FX Power MT5 offers a variety of alert options. You can enable cross alerts to be informed if two currency strength lines cross each other. Strength alerts can also be enabled if currencies rise above a limit value. Similarly, weakness alerts can be set up if currencies drop below a limit value.
General notification settings include display pop-up messages, email notifications, mobile notifications, and audible notifications. You can customize these settings to suit your trading preferences.
FAQs
Can I test the product before purchasing? Yes, independent testing of this product is available on the forexroboteasy.com website. You can also subscribe to updates on the results of testing this product.
Can I share my experience of using this product? Absolutely! We encourage users to share their experiences and feedback about the product.
Is this a product review? Yes, this is an independent product review and is not affiliated with the product’s developers.
Overall, the FX Power MT5 platform, with its 2020 Strategy Update, offers a comprehensive and reliable tool for Forex Trading. Its unique features and versatile trading strategies make it a potential game-changer in the Forex Market.
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