[FerruFx]

Hi all Forex Traders,

I am glad to show you the new tool I coded. The Probability Meter. This great tool will give you 100% confidence and trade without stress. No lines, no histograms to watch ...

Whatever your trading style, you always need to know if you trade in the right direction. The Probability Meter will show you not only the way but the strength of this direction.

After observing this tool, you will be able to define the end of the current trend and the start of the reverse. All the values will show you the way!!!

<--- Tiny or Standard Box --->

It can be used on any timeframes and on any of these 19 pairs:

EURUSD-GBPUSD-AUDUSD-USDJPY-USDCHF-USDCAD-EURJPY-EURGBP-EURCHF
EURAUD-GBPJPY-GBPCHF-AUDJPY-NZDUSD-NZDJPY-AUDNZD-CHFJPY-EURCAD-AUDCAD

The first 3 Meter values aren’t based on any timeframes and will be the same on M1 or H1 for example.

The 4th and 5th values are based on the current timeframe.

The global result in percent (%) will be different if you switch between TFs.

Here is my personal live trading board (12 resized charts):



Parameters settable by users:

• The parameters of the 2 additional indicators (MACD and Stoch)

• The position of the box on your chart

• The colors of the 5 indicators and text

• Choice of a small box with only values instead of the big one

• An alert option (pop up or email) is also available at a settable % of probability

How to decrypt the Probability Meter values?

All values and colors have to be watch 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 (%) has 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 trigger a trade.

Example how i trade with it: attach the Meter on M15 and the 2TFs below (M5 and M1). First, the 2 additional indicators on the 3 TFs must agree. Then watch the numbers of the 3 others indicators (doesn't matter which TF because the number will be the same). If these numbers are about the ones i suggested in the explanation above, then the Global % would be close to a good entry point. 75% seems to work well but with experience we'll all find our % which we are confortable with.

For exit, when you'll see that the Multi-info+ start to reverse on the 3 TFs. It's the one react the most quickly.


Want to be a real successful trader? more info here ... and you'll catch the next trend!!!

Feel free to contact me if you have any question.

I wish you a lot of pips.

FerruFx

[enivid]

Too bad it's not free and open source

[investmentMedia]

Very nice , have any trading result using this indicator ?
Need to see the result first .

[FerruFx]

Originally Posted by investmentMedia

Very nice , have any trading result using this indicator ?
Need to see the result first .

Thanks for your interest.

This tool isn't an indicator which can be backtested. It's a live visual tool.

Results can be different between traders. Depend trading style. The best use is as a confirmation of your own trading style. Keep your usual indicators/analyse and confirm with this tool. It'll tell you 'go' or 'not go'. With experience, you'll find the right numbers you are confortable with ... 100% confidence ... without stress!

[worldpay]

This is interesting and someone did alot of work to put this together. Very Unique and simplified will be researching this. Thanks so much

[FerruFx]

For those who had visited the Probability Meter web page today, i have to say sorry. Indeed, a small window (like a webcam or i don't know what) appear on the page. Probably from a small script for website stats I put yesterday. I just remove it and it seems that the window disapear.

Thank you for your understanding.

FerruFx

[FerruFx]

A great thanks to all who have purchased the Probability Meter.

100+ traders enjoy now this great tool!!!

A lot of pips to all.

FerruFx

[Moge]

Originally Posted by worldpay

This is interesting and someone did alot of work to put this together. Very Unique and simplified will be researching this. Thanks so much

Any review about this software?
Thanks

[Johann]

Hi ! So you trade 'chartless'. Interesting! Can you pls furnish us with your trading reports based on this indicator?

TQ

[FerruFx]

Originally Posted by Johann

Hi ! So you trade 'chartless'. Interesting! Can you pls furnish us with your trading reports based on this indicator?

Trade 'Chartless' ??? Absolutely no. Did I said that?

What I said in a previous post is that this tool is generaly used as a confirmation of your own trading style. It gives you more confidence to enter or hold a position.

Results will be different between traders. Mine won't be yours because we certainly don't have the same trading style and don't use the same indicators/technical analysis.

I gave also an easy way to trade with it alone (see post #1) based on 3 TFs.

Hope that helps,

FerruFx