Evaluation: The Probability Meter

FerruFx · #1 (**permalink**) 01-28-2008, 02:40 PM

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 (%) 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

limestreamx · #2 (**permalink**) 01-28-2008, 02:50 PM

huhuhuhu but mr ferru where is the mql files... i wanna test ur new meter.. thanks

ruparaw · #3 (**permalink**) 01-28-2008, 03:02 PM

Extract from your pdf...

Quote:

Originally Posted by FerruFx

How to receive Probability Meter:

As the Probability Meter needs a special coding for each request, I will ask you for
an unique fee of 69 €uros.

Here’s the procedure to receive your personal Meter:

1. Ask me by email (address provided below) the Paypal account for your
payment.
2. Make your payment......

Would you mind to put another option by giving us the limit time frame ex4 trial indi say for 1 month trial before we decide to purchase

FerruFx · #4 (**permalink**) 01-28-2008, 03:15 PM

A copy for testing was sent to 2 admins here.

Keep in mind that it isn't an indy and can't be backtested. It's an instant visual tool for help your manual trading.

You will have to watch it to feel how it react with the market.

Then i don't plan too release a trial version.

FerruFx

Linuxser · #5 (**permalink**) 01-28-2008, 03:27 PM

Hi all,

We have a new indicator ready to be evaluated.

Due the nature of the indicator it can't be backtested.

So special patience and time is needed to evaluate this one.

FerruFx will post some images . Contact him to request what you need.

I had to move some posts from the other thread. Sorry.

Bi.

FerruFx · #6 (**permalink**) 01-28-2008, 03:40 PM

Here is a screenshot from one of my chart this morning (GJ):

stace · #7 (**permalink**) 01-28-2008, 04:05 PM

I dont understand what we should evaluate?
where can I test indicator or what is this???

Or I need evaluate only screenshots

mart-hart · #8 (**permalink**) 01-28-2008, 06:53 PM

Quote:

Originally Posted by FerruFx

Here is a screenshot from one of my chart this morning (GJ):

hi Ferruxfx.

Looking good but of course the trend is well underway, what did it look like when you took the trade?

Also the 2 own indicators are they MTF are just the open chart ?

Thanks

Mart

adrazz · #9 (**permalink**) 01-28-2008, 08:06 PM

Ok, so has anyone tested this? Or been given it to test?

FerruFx · #10 (**permalink**) 01-29-2008, 11:42 AM

Quote:

Originally Posted by mart-hart

hi Ferruxfx.

Looking good but of course the trend is well underway, what did it look like when you took the trade?

Also the 2 own indicators are they MTF are just the open chart ?

Thanks

Mart

Hi Mart,

Thank you for your interest.

About the timeframes, i copy here the answer that you certainly read in the .pdf:

Quote:

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. Then the global result in percent will be different if you switch between TFs.

About the screen shot, when the trend start to reverse (up to down in this case), you can see the Probability Meter reversing : all the value and the global %. This tool has to be observed in order to feel how it react. Generaly, the values i posted in a previous post show you the moment where the trend is getting strong.

FerruFx