during the last weeks I wrote a few posts in my PimpMyEA.com blog about the main strategies I use for my manual and automatic trading.
Most of them are based on a couple of core concepts: single currencies’ power (strength and weakness) and correlations between them.
In these years of trading I have developed a set of indicators that help me in my everyday trading and I’ve been asked many times to release them. Since now only me and a very few friends had the chance to use them.
Finally they are avaiable to everyone.
Today, for the first time, you’ll have the chance to use them for your trading.
The “PotenzaFX” set (“potenza” means “power” in Italian) is made up of 3 indicators:
- the PotenzaFX “Powerlines”
- the PotenzaFX “Correlations”
- the PotenzaFX “Dynamic Lot Sizing”
The “Powerlines” shows you 8 lines, one for each of the 8 major currencies: Australian Dollar, Canadian Dollar, Swiss Franc, Euro, British Pound, Japanese Yen, New Zeland Dollar and US Dollar. Each line gives you the “power” score with values oscillating from +100 (strong) to -100 (weak).
The Powerlines indicator can be used in two ways: one showing only the two currencies of the chart it is applied to and one showing the score for all the currencies (or a selected subgroup of them).
You can read more about the PotenzaFX Powerlines indicator here: http://pimpmyea.com/potenzafx
The “Correlations” one shows you the correlation value between two single currencies. Filtering the entry signals with the correlation value dramatically improves the performance of your trading.
You can read more about the PotenzaFX Correlations indicator here: http://pimpmyea.com/potenzafx
The “Dynamic Lot Sizing” one, is a powerful indicator for money management that will help you scale in and scale out the size of your trades based on the spread between currencies’ power scores.
You can read more about the PotenzaFX Dynamic Lot Sizing indicator here: http://pimpmyea.com/potenzafx
Those 3 indicators together form an incredibly powerful trading system by itself, but you can also use them side by side with your preferred trading systems and style.
One of the greatest things about “PotenzaFX” is that it works flawlessly on any timeframe.
It doesn’t matter if you’re a scalper or a long term trader. Using the PotenzaFX indicators set will let you read the market like no other indicator before, knowing the “what, when and how much” of your trading.
You can read more about the “PotenzaFX” indicators here: http://pimpmyea.com/potenzafx