Description
Currency Strength EA for MT4 & MT5 – Free Strong vs Weak Currency Trading Robot
FRZ Currency Strength EA is a free expert advisor that trades the strongest currency against the weakest. It measures the strength of the eight major currencies – EUR, GBP, AUD, NZD, USD, CAD, CHF and JPY – in real time, and only looks for trades on a pair when one of its currencies is clearly stronger than the other.
Everything runs inside the EA: there are no extra indicators or chart templates to install. Attach it to an H1 chart, and it calculates currency strength from the 13 related pairs, waits for a clear strength gap, confirms the entry with its own filters, and manages the trade to its take profit.
When the market moves against a position, the built-in DCA (averaging) engine can add trades at better prices to lower the average entry, with ATR-based spacing that adapts to volatility. Risk-based lot sizing, a cross-chart pair limit and an optional drawdown stop loss keep exposure under your control.
Video & Screenshots
The on-chart panel shows the live strength of both currencies, the strength gap, open trades, profit/loss and drawdown at a glance.
Key Features
- Built-in currency strength meter for EUR, GBP, AUD, NZD, USD, CAD, CHF and JPY – no third-party indicators or templates
- Trades strong vs weak currencies on all 28 major and cross pairs
- Adjustable strength-gap threshold and strength period
- Smart DCA averaging with ATR-based spacing and a maximum trade count
- Shared basket take profit based on ATR
- Risk-based lot sizing as a % of balance
- Optional entry filters, including an ADX range and a daily trend filter
- Limit on how many pairs trade at once across all charts
- Optional drawdown stop loss per pair
- Trading time window and maximum spread filter
- Automatic H1 timeframe switching and broker symbol suffix detection
- Clear on-chart HUD panel
- Free for MT4 and MT5 – no license needed
Who This EA Is For
- Traders who follow currency strength and want it automated
- Traders who want a free, ready-to-run forex EA for major and cross pairs
- Traders comfortable with averaging (DCA) strategies and an adjustable risk level
- Traders who prefer a structured H1 trading system
Not designed for gold, indices, crypto or exotic pairs – it works only with the 28 pairs of the eight major currencies.
Technical Specifications
| Specification | Details |
|---|---|
| Product Name | FRZ Currency Strength EA |
| Platform | MT4 & MT5 |
| Timeframe | H1 |
| Market | Forex |
| Supported Pairs | 28 major and cross pairs of EUR, GBP, AUD, NZD, USD, CAD, CHF, JPY |
| Minimum Deposit | $500 (cent accounts supported) |
For detailed specifications, refer to the User Manual.
Installation & Setup Guide
- Download the MT4 or MT5 version (free).
- Copy the EA file into the MQL4/Experts or MQL5/Experts folder and refresh the Navigator.
- Enable AutoTrading / Algo Trading – no license or WebRequest setup is needed.
- Attach the EA to an H1 chart of a supported pair (one chart per pair).
- Set your risk per trade and the maximum number of pairs to trade at once.
- Run it on a VPS for 24/5 operation.
Full instructions: FRZ Currency Strength EA User Manual
Recommended Broker & VPS
We recommend using a low-spread broker and a reliable VPS.
- Recommended Broker: IC Markets. If ICMarkets not available in your country, please use IC Trading.
- Recommended VPS Provider: Contabo VPS.
You may contact us on live chat in case you need any support in this regard.
Frequently Asked Questions
Is this EA free?
Yes. FRZ Currency Strength EA is completely free for MT4 and MT5, with no license and no trial limits.
Do I need to install a currency strength indicator?
No. The currency strength calculation is built into the EA. Just attach the EA to the chart.
Does it work on MT5?
Yes. Both MT4 and MT5 versions are included – select your platform before downloading. On MT5, a hedging account is recommended.
Which pairs and timeframe should I use?
H1 on any of the 28 major and cross pairs of EUR, GBP, AUD, NZD, USD, CAD, CHF and JPY. Open one chart per pair you want to trade.
Can I backtest it?
Yes. Run it in the Strategy Tester on the H1 timeframe. The tester needs price history for the related pairs, which the user manual explains.
Does it use a stop loss?
Trades are managed as a basket with a shared take profit and DCA averaging. An optional drawdown stop loss can close a pair’s trades when their loss reaches a % of your balance – it is off by default, so set it to match your risk tolerance.
Support & Updates
All paid customers receive:
✔ Free lifetime updates
✔ Access to detailed user manuals
✔ Free remote installation support for first installation
✔ AI-based technical support
✔ General live chat and email ticket support
✔ Discord user forum support
You may check out our full Support Policy for more details.
Risk Disclaimer
Trading in financial markets involves substantial risk and may not be suitable for all investors. Our software is provided “as is” without any guarantee of profit. You are advised to test thoroughly on demo accounts before trading live. Please review our full terms and conditions before purchasing.
Nanuo Nethan –
How do you calculate currency strength
ForexRobotz –
Using an indicator (provided with purchase)
Pelan –
Does it work on any timeframe?
ForexRobotz –
15 Mins chart
Milanid K –
Thanks for the support. Looks good so far
Kaith Liaun –
Thanks for the support. It made some profits along with some losses but still overall profit.
Senarat F –
So far it is working well and I am in profit.
Kojak –
My friend made double his account in 45 days. Is it still available? I’d like to purchase
ForexRobotz –
Yes. Just click on add to cart and proceed to purchase