The Probability Meter
How to decrypt the
Probability Meter values?
All values and colors have to be watched closely.
1. Multi-Info+ :
Example: 7-2, 9-3 etc for a strong Up trend .
0-5, 2-8 etc for a strong
75-80% is a good point for
triggering a trade.
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After trying several VPS companies, I've finally settled on the best:
You want to choose the Trader's Virtual Desktop
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The 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:
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 for swing trading and scalping.
I am taking orders for FerruFX. If you are interested in purchasing, the price is normally 69 Euros via PayPal. To see how much that is in a different currency, please click here to visit a currency converter:
SPECIAL SALE TO TAKE ADVANTAGE OF THE LOW EURO!
ONLY 59 EUROS! SPECIAL OFFER FOR A LIMITED TIME!
Please click the PayPal buy button below and then follow the instructions below.
By filling out Step 2, I'll be able to send you my short tutorial for the Probability Meter and the bonus indicators.
NEXT STEP INSTRUCTIONS:
Email ( *Support @ MT4Enhanced.com*
) your PayPal confirmation payment receipt and the 2 trend
TIP: if you aren't sure which trend indicators you should send, just tell him to use:
(these are the ones I use)
Your Probability Meter will be emailed to you as an attachment within 48 hours.
All support requests for this indicator should be sent to Support @ MT4Enhanced.com
I hope you enjoy this forex trading tool as much as I am, and I hope it brings you many pips!
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.
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