Hi,
I plan to buy one of the two CSMs displayed below for 1m - 5m - 15m period scalping strategies. Are there any insights you can share regarding to these products or a better alternative?
Apollo Currency Strength Meter
Quantum Currency Strength Indicator
Thanks.
Why would you BUY a strength meter for Scalping??? Scalping is based on price action, not overall strength of a currency compared to a basket of currencies.
Well, i tought i would use it for my scalping too. I will probably divide my equity for swing trading and intraday trading. I read the book of Anna Couling and saw it there. From what i’ve seen it seems a useful tool to determine possible breakouts in trends along with other tools. It is a matter of choice at the moment, i would appreciate any insights from people who use these tools consistently in their trading.
I would say that better alternative for you is not to spend any money for buying anything and to spend lot more time and work on trading education and developing your own trading strategy.