Powers

FOREX Currency Powers – EA MetaTrader 5

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Fig.1. Synthetic instruments FOREX.EUR.M5, FOREX.USD.M5, FOREX.GBP.M5, FOREX.JPY.M5, FOREX.CHF.M5
Description: MetaTrader 5 allows creating synthetic instruments. The price of such instruments can depend on the current values of a number of financial instruments. An example of such instruments in the stock market is the stock market index. Indexes for the FOREX market are USDX, EURX. In trading, such symbols allow spotting the beginning and … Read more

FORTS Currency Powers – EA MetaTrader 5

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Fig.1. Synthetic symbols FORTS.RTS.M5, FORTS.USD.M5, FORTS.RUB.M5
Description: FOREX Currency Powers provides an example of calculation of Forex currency strengths using synthetic financial instruments. Similarly, we can calculate the strengths of RTS, USD and RUB of the FORTS futures market. Using the values of futures contracts “MIX-3.18” (~RTSRUB), “RTS-3.18” (~RTSUSD),  “Si-3.18” (~USDRUB), “Eu-3.18” (~EURRUB), we can create an indicator of currency strengths: … Read more