Currency Strength Wizard ReadMe

Description

The Currency Strength Wizard is a powerful tool developed by the Forex Robot Easy Team. It allows traders to analyze the strength of different currencies and make informed trading decisions. By calculating and displaying currency strength, index, power lines, and indicators, this tool provides valuable insights into the potency of respective currencies.

Installation

To use the Currency Strength Wizard, follow these steps:

1. Download the code from the official developer's site: Forex Robot Easy.
2. Open your MetaTrader platform.
3. Go to 'File' -> 'Open Data Folder' to open the data folder.
4. Copy the downloaded code into the 'MQL4' -> 'Experts' folder.
5. Restart your MetaTrader platform.

Usage

To attach the Currency Strength Wizard to a chart, follow these steps:

1. Open the desired chart in your MetaTrader platform.
2. Drag and drop the Currency Strength Wizard onto the chart.
3. The Currency Strength Wizard will automatically analyze the currency strength and display the results on the chart.

Functionality

The Currency Strength Wizard code consists of the following functions:

1. CalculateCurrencyStrength: This function calculates the currency strength by summing the data values and dividing by the period.
2. AnalyzeCurrencyStrength: This function retrieves currency data, calculates currency strength, and displays the results in an easily digestible form.
3. GetCurrencyData: This function retrieves currency data from the Forex Market Analysis API.
4. FetchCurrencyData: This function fetches currency data from the Forex Market Analysis API and returns it as an array.
5. DisplayCurrencyStrength: This function displays the currency strength on the chart.
6. DisplayCurrencyIndex: This function displays the currency index on the chart.
7. DisplayPowerLines: This function displays power lines on the chart.
8. DisplayIndicators: This function displays indicators to gauge the potency of respective currencies.
9. OnChartAttach: This function analyzes currency strength and sets the user-friendly interface.
10. SetUserFriendlyInterface: This function sets the necessary parameters and settings to make the software user-friendly and versatile.
11. SetParameters: This function sets the necessary parameters for the software to function properly.
12. SetSettings: This function sets the necessary settings for the software to function properly.
13. PerformTradeFunctions: This function performs the specified trade functions, including opening, closing, and modifying positions.
14. OpenPosition: This function opens a position based on the specified trade functions and requirements.
15. ClosePosition: This function closes a position based on the specified trade functions and requirements.
16. ModifyPosition: This function modifies a position based on the specified trade functions and requirements.
17. Conclusion: This function performs trade functions and prints a message indicating the completion of the code.
18. OnStart: This is the entry point of the program, attaching the Currency Strength Wizard to a chart and concluding the code execution.

Product Description

The Currency Strength Wizard is an all-in-one Forex solution that provides traders with valuable insights into currency strength and helps them make informed trading decisions. Developed by the Forex Robot Easy Team, it combines advanced analysis techniques with user-friendly interface settings.

Key Features:

• Currency strength calculation: The Currency Strength Wizard calculates currency strength for specific forex pairs.
• Easy-to-understand display: The tool presents currency strength in an easily digestible form, allowing traders to quickly assess the relative potency of different currencies.
• Currency index and power lines: The Currency Strength Wizard also displays currency index and power lines, providing additional visual cues for analysis.
• Potency indicators: To gauge the potency of respective currencies, the tool displays indicators on the chart, helping traders make informed trading decisions.
• Versatile and user-friendly interface: The Currency Strength Wizard is designed to be user-friendly and versatile, allowing traders to customize parameters and settings to suit their trading strategies.

Please note that ForexRobotEasy is not the official developer of this product. This code is provided as a sample that demonstrates how the Currency Strength Wizard can work. To find the official developer of this product, please refer to the MQL5 platform.

For detailed reviews and trading results of this product, visit the official developer's site: Currency Strength Wizard Review