FX Power MT5 NG

What is FX Power MT5 NG?

FX Power MT5 NG is the next-generation currency strength meter that builds upon the success of its predecessor, FX Power. This tool offers traders a comprehensive analysis of currency strength, allowing them to make informed trading decisions. Let's dive into its key features and functionalities.

Key Features

• Complete strength history of all major currencies
• History of currency strength across all time frames
• Identical calculation results at all brokers and charts
• 100% reliable real-time calculations with no repainting
• Selectable analysis periods via a drop-down list
• Individually configurable analysis periods via the custom mode
• Several instances within one chart possible
• Movable FX Power display (via drag-and-drop)
• Suitable for high-resolution QHD, UHD, and 4K displays
• Automated terminal configuration
• Optimized for tablet and touchscreen usage
• Alerts via e-mail, message, and mobile notifications
• Accessible buffers for EA requests

Trading with FX Power

FX Power MT5 NG provides various trading strategies to maximize profits:

• Trade 'crossings' of currency histogram lines:
  • BUY if EUR crosses USD upwards
  • SELL if EUR crosses USD downwards
• Trade confirming patterns of different analysis periods:
  • Run two FX Power instances, e.g., 1 hour and 8 hours
  • Buy EURUSD if EUR is stronger than USD at both periods
  • Sell EURUSD if EUR is weaker than USD at both periods
• Trade the correlation of single currencies:
  • BUY if EUR and CHF are stronger than USD
  • SELL if EUR and CHF are weaker than USD

Choosing the Right Analysis Period

The FX Power analysis is independent of any chart time frame. Here are some recommendations:

• If you select 1 day, FX Power considers the entire historical data of the past 24 hours to determine the currency strength.
• If you select 1 week, FX Power considers the entire historical data of the past 5 trading days to determine the currency strength.
• For D1 chart time frame, an analysis period of 1 or 2 weeks is recommended. 1 week is faster, while 2 weeks is smoother.

Customization and Notifications

FX Power MT5 NG offers endless graphical settings for your favorite colors in every chart. It also provides countless notification options, so you never miss anything important again. The new design with rounded corners is inspired by Windows 11 and macOS, and the indicator panels move magically.

Why Choose FX Power MT5 NG?

FX Power MT5 NG is a robust tool for traders who want to understand the strength of different currencies and make informed trading decisions. With its advanced features, customizable settings, and reliable real-time calculations, it stands out as a top choice for Forex traders. 🌟📈 --- Note: The content above is crafted based on the information provided in the files and does not include any external references or sources.