The Currency Strength Index shows how major currencies perform against each other in real-forex pdf. You can see at a glance which currency is on the rise and which one is declining, thus giving you valuable information about buying and selling pressure.
To avoid volatility bias, Currency Strength Index is using sophisticated calculation algorithm, which makes it a reliable tool in the decision making process of every trader. The Currency Strength Index is calculated in real-time, on every tick. The calculations are based on the 1 minute time frame. The colored indicator bars and percentage values for each currency are updated automatically every 5 seconds. It is relatively easy to find articles about trading systems that achieve positive long term historical results on highly liquid Forex pairs.
However this becomes more difficult as we move to more exotic pairs since trading costs generally make the development of profitable trading systems for these symbols harder. The entry and exit rules are shown below. 1-2, less often in 5-7 minutes from the start. Forex scalping is one of the most demanding trading styles. It needs everything to work quickly, precisely and according with the strictest rules, and where the money management plays a paramount role.