- February 12, 2023
- Posted by: Forex Wiki Team
- Category: Free Forex EA
Strength Meter EA Review
The Strength Meter EA is a powerful tool for forex traders who want to make informed decisions about their trades. The EA is based on a cutting-edge indicator known as the INDI STANDAR ALL TF, which measures the strength of price direction in the market. This indicator uses a combination of various technical analysis tools, such as RSI, PARABOLIC SAR, MACD, STOCHASTIC, MOVING AVERAGE, CCI, RVI, Bollinger Bands, WPR, Demarker, MFI, Bull Bear Candle, and Accelerator Oscillator, to provide a single signal power that can be used to trigger trades.
Best Brokers List
The Strength Meter EA requires a broker with good conditions and spreads However, it is important to note that not every broker will provide the same performance, as there are various feeds in index trading. A good and fair broker with good spreads is recommended for the best results.
We recommend that our clients use one of the top forex brokers listed below:
Strength Meter Settings
One of the key features of the Strength Meter EA is its ability to input the signal power. This means that you can set a target signal power, and the EA will only place trades when the current signal power is higher than that value. This helps to ensure that you only enter trades when the market conditions are favorable.
Strength Meter EA Results
The Strength Meter has been tested on the M15 time frame with a take profit of 10 pips for major currency pairs. The best pair for this EA has been found to be AUDUSD. However, as with any trading tool, it is important to optimize the settings for your broker to ensure the best results.
In our testing, we have found that if you use the Strength Meter EA correctly, you can achieve substantial profits. However, it is important to spend time optimizing the settings to ensure that you get the best results for your specific trading style and market conditions.
In conclusion, the Strength Meter is a powerful tool for forex traders who want to make informed decisions about their trades. With its combination of technical analysis tools and the ability to set target signal power, the Strength Meter EA provides a unique and effective way to enter trades in the forex market. So why not give it a try and see how it can improve your trading results?
Strength Meter EA Free Download
We highly recommend trying the Strength Meter with ICMarket demo account. Also, familiarize yourself with and understand how this system works before using it on a live account.