Mastering the Gorilla Strength Indicator MT4: Best Time Frames & Pairs
The Gorilla Strength Indicator is a powerful tool for MetaTrader 4 (MT4) that helps forex traders gauge the underlying strength or weakness of individual currencies. Instead of just analyzing one pair like EUR/USD, it measures the momentum of each currency (EUR, USD, GBP, etc.) against all others. This allows you to quickly spot which currencies are leading the market and which are lagging, providing a significant edge.
But to use it effectively, you need to know the right settings. Let’s dive into the best time frames and currency pairs for the Gorilla Strength Indicator.
Best Time Frame for Gorilla Strength
The ideal time frame largely depends on your trading style. There isn’t a single “best” answer, but there is a recommended range for most traders.
- Day Trading & Swing Trading (Recommended): H1 and H4 For most traders, the H1 (1-hour) and H4 (4-hour) charts are the sweet spot. These time frames provide a perfect balance between filtering out market “noise” and providing timely trading signals. On these charts, the currency strength lines are more stable, and the trends they indicate are generally more reliable for trades lasting several hours to a few days.
- Scalping: M5 and M15 While possible, using the indicator on very low time frames like M5 (5-minute) and M15 (15-minute) can be challenging. The strength lines will react very quickly to minor price movements, which can lead to false signals. This is best left to experienced scalpers who can make rapid decisions.
- Position Trading: D1 and W1 For long-term traders, the D1 (daily) and W1 (weekly) charts are excellent. Signals on these time frames are very strong and point to major, long-term market trends. However, these signals are infrequent, so patience is key.
Pro Tip: Use a multi-timeframe analysis. For example, identify a strong trend on the H4 chart and then look for an entry point on the H1 chart for better precision.
Best Currency Pairs to Trade
This is where many traders get confused. The Gorilla Strength Indicator isn’t designed to be used on a single currency pair. Instead, it helps you decide which pair to trade.
The indicator works by tracking the eight major currencies:
- USD (US Dollar)
- EUR (Euro)
- GBP (British Pound)
- JPY (Japanese Yen)
- CHF (Swiss Franc)
- CAD (Canadian Dollar)
- AUD (Australian Dollar)
- NZD (New Zealand Dollar)
The core strategy is simple: Pair the strongest currency with the weakest currency.
How to Apply This:
- Load the Gorilla Strength Indicator onto any chart in your MT4 terminal.
- Look at the indicator’s lines. Identify the currency at the very top (strongest) and the currency at the very bottom (weakest).
- Create a pair from these two currencies. For example, if the indicator shows GBP is the strongest and JPY is the weakest, the best pair to trade is GBP/JPY.
- Since GBP is strong and JPY is weak, you would be looking for buying opportunities (long positions) on the GBP/JPY chart.
By focusing on major pairs and minor crosses, you ensure there is enough liquidity and volatility to capitalize on the strength divergence. Avoid exotic pairs, as they typically have higher spreads and less predictable movements.
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