Mt4 Probability Meter

Probability Meter 1.1 is a mt4 (MetaTrader 4) indicator and it can be used with any forex trading systems / strategies for additional confirmation of trading entries.

BigMarkUK;58738: So how are you getting on with this, I find it only gives me the signs at the end of a trend Which time frames are u trading. I have good luck with the Meter it is great for scalping and day trading. I usually enter a trade at 70-75% on the 1 or 5 min charts. And get some pips. Also it is a good idea to know where and what levels the trend is heading Example: Murrey math lines are good for knowing what levels the trend is. Kaise bani phulauri bina chatni mp3 dot. Also cam lines and SDX are good indicators to have on your chart along with the Probability Meter. I have attached these indicators and pdf manuals on how to use them He has great success with it Also if you scalp always scalp with the long term trend like the daily or weekley scapl on dips.

Fxtrading24: Which time frames are u trading. I have good luck with the Meter it is great for scalping and day trading. I usually enter a trade at 70-75% on the 1 or 5 min charts. And get some pips. Also it is a good idea to know where and what levels the trend is heading Example: Murrey math lines are good for knowing what levels the trend is. Also cam lines and SDX are good indicators to have on your chart along with the Probability Meter.

I have attached these indicators and pdf manuals on how to use them Hope this helps Also here is a log of a trader that uses this meter He has great success with it Also if you scalp always scalp with the long term trend like the daily or weekley scapl on dips Hi, firstly thanks a lot for the above, may I ask what pairs you are using the above on? And yes I am aware of that trader, it is he who got me interested in it, amazing results Thanks. Here is a good example of how important Murrey Math lines are: as you can see it hit the 2/8 and is reversing So you might have a good sell signal from the Probability Meter but you would have to wait for a breakout of the 2/8 murrey math line And as you can see it broke through the yellow sdx with no problem. So a break out of the sdx usually means a strong trend. And then it broke through the 3/8 murruey math line with no problem. Also I includid the signal bars indicator, this is from the same author as the Probability Meter, You can see it in the right hand upper part of my chart.

Sweet_Pip: That’s sweet! I’ve been demo trading using camarilla points with the ADX indicator for the past month or so and have been having pretty good results daytrading on the 1HR targeting 15-30 pips per trade on any pair. With vacations & socializing over summer, I think I’ll keep practicing this until Fall and if the success continues, I’ll take it Live!

Thanks for the indicatorswill check them out! You are welcome and you are going about it the right way. Keep trading a demo untill you are ready. So many new traders jump right in and loose money, there will allways be trades. Going live does tend to bring out emotions, panic, over trading and so on. The best thing is to trade your demo as if it were real money.

The Probability Meter For Use on MT4 platform only How to decrypt the Probability Meter values? All values and colors have to be watched closely. Multi-Info+: more than 75 (red/green) for strong Up/Down trend 2. Indice Strength: 0-1-2 for strong Down trend, 7-8-9 for strong Up trend, 3-4-5-6 for sideway 3.

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Currency pair range: range of 5 or more between the 2 currencies. Example: 7-2, 9-3 etc for a strong Up trend.

0-5, 2-8 etc for a strong Down trend. 4 and 5: red color for Down trend, green for Up trend and Orange for sideway The global value in percent (%) have to be watch closely and with experience you will have feeling. This value is the combination of the 5 values listed above.

75-80% is a good point for triggering a trade. Government Required Disclaimer - Commodity Futures Trading Commission: T rading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of experience and risk appetite. Don't trade with money you can't afford to lose.

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