Welcome to Forex-TSD!, one of the largest Forex forums worldwide, where you will be able to find the most complete and reliable Forex information imaginable.
From the list below, select the forum that you want to visit and register to post, as many times you want. It’s absolutely free. Click here for registering on Forex-TSD.
Exclusive Forum
The Exclusive Forum is the only paid section. Once you subscribe, you will get free access to real cutting-edge Trading Systems (automated and not), Indicators, Signals, Articles, etc., that will help and guide you, in ways that you could only imagine, with your Forex trading.
Elite Section
Get access to private discussions, specialized support, indicators and trading systems reported every week.
Advanced Elite Section
For professional traders, trading system developers and any other member who may need to use and/or convert, the most cutting-edge exclusive indicators and trading systems for MT4 and MT5.
So at what percentage would you take a trade? 60% upwards?
I am quite interested in this indicator but would like to know some trading results before I purchase it.
This tool is essentialy a confirmation that the trend is becoming strong. Of course, never wait the 100% is shown! But higher than let say 50%, you can consider the trend is going that way ... higher than 70% it is a strong one.
Results are not easy to determine and show exactly. As i said, it's a tool (not an indy) which can't be backtested. In my personal live trading, i use it as a confirmation not as unique trigger.
In my opinion, in addition to the global % value, the Indice Strength at 0/1 or 8/9 is a very good indication of the strong trend.
I'm really excited about 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 have posted a number of screen shots so you can follow along.I have 3 charts up for the GBP/JPY which everyone loves to hate.I first look at the H1,H4 and Daily (pic sell08)for present trend.I then use a combination of M1,M5 and M15 for my trades.As the GBP/JPY was in a down trend as shown on the higher TF,I am looking for sells.
I use a stoch as one of my indicators so if I'm trading just sells,I will enter on red boxes with arrows pointing down.The M1 will give me a heads up the move is about to retrace when the stoch arrow turns green followed by the M5 and M15 and I take an exit from the M1 if M5 and M15 stochs are orange.I admit I jump the gun sometimes and get a snap back and loose 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 seperation 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 TF like H4,you can observe the M30,H1,H4 and take your trade when all 3 TF 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.
Now with the pics I got caught taking them late sometimes because I was busy on another computer but overall you can see from around the ema cross onward the box color and arrows would show you the way.I find the probability meter a great visual tool for any style of trading.Pics 1 through 7 are in order and will show you the moves that were taking place or part way through the move.
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 hope this gives anyone considering this tool a heads up.Please feel free to comment and ask questions.
To follow up from my previous 2 posts. I have posted screenshot 08 again which was of the 3 TF of H1, H4 and Daily where price was around 208.75 and the boxes red and the arrows down. This morning see pic 09.Price is @ 206.17 area at 8:20 am. Pic10 price @ 206 and falling still at 8:25 am.
This is a great example of being in a position trade with the arrows pointing sell and boxes red. Note also the probability meter in pic10 says "probability short 100%".
In my previous posts here, I talked about bagging 20 pips from the probability meter.After the big fall then a retrace I jumped on board here to make my target of 20.My screenshot (pic11) is after the fact and shows I could have gotten some more pips but you can do this all day long, on any pair.I also posted that trade from a live account.Only for $2 a pip but you get the gist of the message.
I'm sure for traders who have been in the game a while,and there are many seasoned traders here on TSD, they understand the importance of "screen time".There comes a point where you top the learning curve in relation to screentime and whatever method or indy's you use you see the trade coming.Gartely's and butterfly's are 2 examples of identifying a leg of a move once you have sufficient screentime.Ferru's probabilty 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 hope these examples are informative to those observing.
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 trigger a trade.
FerruFx
How could one use the probability meter for scalping?
Linear Mode
