The Probability Meter

How to decrypt the Probability Meter values?

All values and colors have to be watched closely.

1. 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. 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.
 

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Trading 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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 DISCLAIMER: The information on this site is for educational purposes only. 

Forex trading is a risky business!

The Probability Meter

The Probability Meter gives the most probable way where the trend is going. Because it is based on current feed and is updated each coming tick, this is a great tool for scalping or short term trading style.
 

I mainly use the color and direction of the 2 bottom boxes which house the arrows.  Also, I look at the Multi-Info +.  If it's red and above 75, that's a very strong down trend.  If it's green and above 75, that's a very strong up trend.

I first look at the H1, H4 and Daily for present trend.  I then use a combination of M1, M5 and M15 for my trades.  If you want the most successful trades, trade only in the direction of the trend in a longer trend chart....don't attempt to counter-trade against the prevailing longer term trend.

Because the screenshots are squeezed too narrow for this webpage, you can't see the % Probability.  The MegaTrend Indicator is the green price line for uptrend and hot pink line for downtrend.  The Sniper's CCI Trigger is in the window below the charts, it's a crossover for trend change and is used in conjunction with the MegaTrend for detecting present trend.  If you order, you'll receive these two trend indicators plus the support and resistance indicator, and a tutorial, as a bonus.

Here is where I start my trading session: the 1 hr chart on the far left, the 4 hr chart in the middle, the Daily chart on the right.  You can see that the price has stalled and is consolidating in the 4 hr chart (2 red arrows pointing down), but is in an uptrend on the 1 hr and Daily charts (2 green arrows pointing up). 

To see charts in a bigger screen click the chart below and maximize:

Here is the chart setups for scalping in fast 1 min, 5 min, and 15 min charts.  To see comments and charts in a bigger screen click the chart below:

Here is a setup for day trading in 5 & 15 min and 1 hr charts. To see comments and charts in a bigger screen click the chart below:

Here is a setup for swing trading in 15 min & 1 hr and 4 hr charts.  To see comments and charts in a bigger screen click the chart below:

I find the Probability Meter a great visual tool for any style of trading.

The Probablity Meter works on these 12 pairs:

EURUSD-GBPUSD-AUDUSD-USDJPY-USDCHF-USDCAD-EURJPY-EURGBP-EURCHF-EURAUD-GBPJPY-GBPCHF

UPDATE!
7 new pairs added:

AUDJPY-NZDUSD-NZDJPY-AUDNZD-CHFJPY-EURCAD-AUDCAD

and new features:

»  Alert pop up and email settable at your preferred trigger

»  Users can change colors: text, lines and values

» Users can display only a tiny "values-box" instead of the big box

»  Auto-detect for IBFX mini customers

As we all know 20 pips a day with 1 standard lot is $50K a year.  I do trade this live and have had 50 to 100 plus pips just plucking 12-15 pips here and there.

I am taking orders for FerruFX.  If you are interested in purchasing, the price is 69 Euros via PayPal.  To see how much that is in a different currency, please click here to visit a currency converter:

http://www.xe.com/ucc/

CLICK HERE TO RETURN TO THE ORDER PAGE

IMPORTANT:
 Provide the platform account number where you want to use the
 Probability Meter.  It can only be used on this account.

Your Probability Meter will be emailed to you as an attachment with instructions within 48 hours.

All support/technical questions for the Probability Meter should be emailed to FerruFX.

( *support @ MT4Enhanced.com* )

As a last resort, you can email me:  support @ daytradeforex.com

I hope you enjoy this forex trading tool as much as I do, and I hope it brings you many pips!

Happy Trading!

Cynthia

Author of 4 Forex Training E-books: http://www.daytradeforex.com/products.htm

The Day Trade Forex Team

We are the Forex Training Leaders, since 2003.
A combined 55 years of trading experience.

"Get Educated! More education means more profits!"