Auto Forex Trading - Pair Currency Ranking Table
Many forex traders are unaware of immediate market developments; they focus solely on the specific currency pair they are trading. Consequently, they often face mounting floating losses because they initially assume the pair's price will revert to its starting level, failing to realize that the trend for that pair has already ended.A key indicator that a trend has concluded is the emergence of a new trend, rendering the old one obsolete. This tool addresses the issue by monitoring the movements of eight individual currencies and converting them into 28 currency pairs in real time.
This pair ranking table features two modes:1. PAIR TREND2. INDEX TREND
The image above shows an example of the pair ranking table in "Pair Trend" mode. The GBP/NZD pair appears at level 1 with a 28-pip difference (shown in the spread column). This is calculated as follows: GBP shows a floating profit of 10 pips (in the "+" column), while NZD shows a floating profit of 38 pips, resulting in a net difference of 28 pips. The signal generated is "SELL" because the NZD recorded a larger pip value (38 pips) compared to the GBP (10 pips).
All data is obtained in real time from the MT4 platform and transmitted to Excel. Excel then generates a signal—as shown above—and sends it back to MT4.
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