Advanced Currency Strength28 Indicator is a Forex trading system focused on providing a high quality service at an affordable price. The main purpose of the indicator is to provide traders with currency strength statistics of 28 different Forex pairs within the same chart. They believe that this type of access will allow traders “to pinpoint the exact trigger point of a new trend or scalping opportunity.” This system is most suitable for manual Forex traders, that want to a tool to assist them with a their analysis and decision-making process.
The product is owned and operated by a sole proprietor, Bernhard Schweigert, a Forex trader located in Morocco. Bernhard has a total of 10 different products on the MQL5 market including Advanced Supply Demand, My Trades in Pips, Currency Strength Exotics, Advanced Currency Impulse with Alert, and more. To get in touch with support, traders can email firstname.lastname@example.org.
Advanced Currency Strength28 Indicator Review
While the Advanced Currency Strength28 Indicator looks a little more complicated than most Forex indicators in the market, it comes with a detailed approach. Arguably, the best part of signing up with this Forex indicator, is the fact that it comes with a very clear “complete trading strategy.” The basis of the strategy, is to exploit currency strength and weakness in order to create a viable trade opportunities.
Bernhard believes that “currency strength trading is the most lucrative form of trading because of the choice of pairs combined with strength and weakness.” He works to illustrate this with multiple chart examples in a blog post / user manual that comes with the indicator.
The manual provides traders with input parameters, videos and multiple ways to fully take advantage of the software. Each parameter is explained by the vendor, and include different tips to adjust and set the parameters according to your preferences.
The advanced discussion, and strategic explanation is well ahead of many indicators we’ve reviewed in this marketplace, including our recent reviews of Raw FX, and Newgen Trades. It’s a breath of fresh air that the developer is putting so much time into detailing the trading approach that his clients should be following.
- Type: Forex Indicator
- Price: $89
- Strategy: Currency Strength
- Timeframe: All Timeframes
- Pairs: 28 Pairs
Unlike most Forex indicators, the Advanced Currency Strength28 Indicator can only be rented, not purchased in full. The rental prices are affordable though, coming in at $68 for 3 months, or 1 year for $89. Generally, my preference is to own systems that I utilize, but if this becomes a main part of your trading strategy, then I can certainly understand the expense making sense.
The software was first published on August 22nd, 2016 and was last updated on October 21, 2018, to version 4.6. The developer does update the software frequenntly, as it’s his best seller, and most popular product on the MQL5 market.
As is the case with most Forex indicators, the Advanced Currency Strength28 Indicator does not provide us with much in terms of trading results. The videos are helpful, and so are the trade examples, but there is no longform trading statement or verified Myfxbook account that proves this strategy is viable in the short or long-term.
The only real results available is from a trading statement in 2016, where the software allowed the vendor to win 29 trades in a row. This is single result is a certainly impressive, but it would be much more beneficial if there was a trade account that was being actively published on a daily basis.
Understandably, it’s difficult for vendor with 10 products to focus on trading each one of his systems, so this isn’t a major concern, but it would be nice to have.
The client feedback is very positive. The majority of the 245 reviews are 5 star ratings, but these reviews have to be taken with a grain of salt, as much like the PipFinite Trend Pro developer, the reviewers are baited into leaving positive comments. Traders are promised an additional free indicator if they leave a positive review. In order to provide you with a full picture, I will include both a positive and a negative review, which happen to be the last two reviews posted.
These can help you make up your mind:
I certainly appreiciate the fact that the Advanced Currency Strength28 Indicator vendor provides a fair amount of information about how to use his strategy properly. Yet, there are concerns in the community that it’s very difficult to understand all the information being provided, and takes a talented trader to figure it all out.
There are positive, there are negatives. Where do you stand on this indicator? Leave your comments below the review now.
Advanced Currency Strength28 Indicator $89/year
- Price - 70%70%
- Strategy - 70%70%
- Trading Results - 60%60%
- Client Feedback - 80%80%
- Customer Support - 70%70%