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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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.

The global result in percent (%) is calculated with a strong formula according to a combination of price action, 13 standard indicators on 7 timeframes and 2 additional indicators ... your 2 preferred mq4 trend indicators will be coded inside your personal Probability Meter.

Ferru's probability meter is a tool that doesn't require a lot of screen time use with it to get the "feel" for trades setting up. With all the info the meter gives and with your other confirming methods, 20 pips takes sometimes minutes to bank when you wait for the signals.

I'm really excited about the FerruFx probability meter and wanted to share how I use it to make pips ever since I received my copy with my 2 chosen indicators and my personal settings.

I mainly use the color and direction of the 2 bottom boxes which house the arrows. 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 I'm trading just sells, I will enter on red boxes with arrows pointing down. The M1 will give me a heads up if the move is about to retrace when the red arrow turns green followed by the M5 and M15 and I take an exit from the M1 if M5 and M15 red arrows turn orange. I admit I jump the gun sometimes and get a snap back and lose out on a few pips but still by then I have 12+ pips.  I also play an EMA cross of the 5 and 8 and if I have angle and separation on the M15 I will often wait out the M1 retracement and wait for price to continue on it's downtrend.

If you want to take a position trade on the higher timeframe like H4, you can observe the M30, H1, H4 and take your trade when all 3 timeframes have all red/green in the boxes and arrows pointing the same way.  Moves of 100+ pips are not uncommon from the boxes all agreeing.

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.

CLICK HERE TO SEE SOME CHART SETUPS USING THE METER

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/

Please click the Buy Now button below and then follow the instructions below.

NEXT STEP INSTRUCTIONS:

After a successful transaction, you'll receive an email receipt from PayPal.

Email ( *Support@MT4Enhanced.com* ) your PayPal confirmation payment receipt and the 2 trend
indicators (mq4 files) you want to be coded inside the Meter with your personal
conditions for define up and down trend (example: zero line cross, price
below ma, stochastic oscillator, macd, ema cross, etc …)  If the indicators are standard ones in the MT4 platform, you don't need to send files. 

TIP:  if you aren't sure which two trend indicators you should use or send, just tell him to use:

FX_Sniper's_Ergodic_CCI_Trigger.mq4  and  MegaTrend.mq4

(these are the ones I use)

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.

BONUS!

When you purchase, included will be the mq4 files for both of my favorite Indicators above that you may or may have not chosen to be coded into your personal meter.  I'll also give you the Support & Resistance file for your charts.   And I've written a short tutorial of how best to use the Probability Meter.  All of this is yours when you purchase!  This is one of the easiest trading setups for directional trading that you'll ever find....Order Now!

All support/technical questions should be emailed to:

( *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 25 years of trading experience.

"Get Educated! More education means more profits!"

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