Pips Strength MT4: Real-time currency strength dashboard for sharper trade entries

This Pips Strength MT4 review provides a focused 2025 performance and analysis based on how the indicator measures relative currency strength in live conditions. The indicator’s foundation is straightforward: for each of 28 pairs it measures today’s high-low range and determines where the current price sits within that range. That position becomes a numeric strength value, then currencies are sorted from strongest to weakest with color highlights. This review compares those live rankings against price moves to quantify usefulness in trade selection. What makes Pips Strength MT4 unique is its simplicity and coverage. Rather than relying on long-term volatility models, the indicator gives an intraday-to-daily snapshot that is directly tied to each pair’s present range. The algorithm converts range position into a normalized score, permitting cross-currency comparison without complex normalization across different quote conventions. The indicator suits volatile trending sessions and range-bound markets by highlighting which currencies are exhibiting relative momentum. Risk management is external to the indicator: it does not place stops but provides clear entry bias to be paired with user-defined position sizing and stop placement. Expected performance characteristics include improved signal-to-noise ratio for entries when combined with a risk plan, moderate trade frequency driven by session volatility, and measurable improvements in hit rate when traders restrict setups to top-versus-bottom ranked currencies. Pips Strength MT4 is best used as a decision filter rather than an autonomous trade executor.