Before you start trading, you need to know what you are doing. The currency on our meter helps identify the strongest and weakest currencies, which might make the process easier for you. How to use the currency strength meter to make better trading decisions? The currency strength meter is used to measure the strength of different currencies. When traders evaluate the information, they can see which currencies are currently strong or weak. This data can be used to make better decisions about which currency pairs to trade. Median helps let you know if the market is in recovery mode by looking at live prices from currency exchanges. If it's influenced by big news and movements, the data may not be accurate as items can spike with changes within seconds.

You can see several cases, but only a trading robot can test all cases and give you a result of what will happen if those rules were applied in the past. The most simple way is to use a trading platform that has integrated robots support. Opening a position may look simple for a human, but there are many things to take care of if you are using a trading robot.