Forex Probability Meter - NITRO+ | Page 9 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

NITRO Scalping for serious traders 863 replies

NITRO Variations for Open-minded Traders 290 replies

scalping/curency meter 11 replies

Anyone know the ins/outs of progamming the METER in MT4? 1 reply

Attachments: Forex Probability Meter - NITRO+
Exit Attachments

Forex Probability Meter - NITRO+

  • #161
  • Jun 18, 2014 5:07am Jun 18, 2014 5:07am
I am never going to understand. 5NITRO+ is not old friends with any members of the MPC. It does not have access to insider information. It cannot predict the future.

Yes, the GBPJPY reading on the M1 and probably M2 M3 M4 M5 and M6 timeframes just went "crazy". And so did all pairs with 'GBP' in them.

The GBPJPY M1 meter went "crazy" at 1:30am my time and changed from Up 80 some percent to Down 50-60-70-80 some percent because of these fundamental reasons:

  1. The Bank of England just released MPC votes - rate increase or not
  2. Speculation for many months now has been that they are going to have to soon - it's coming
  3. This inevitability is the a reason behind this breakout from multi-year lows and trying to revert to the mean as outlined on our currency strength page
  4. @1:30:05am, GBPJPY dropped 15 pips to 173.25
  5. @1:30:06am, GBPJPY spiked up 50 pips to 173.75
  6. @1:30:50am, GBPJPY began its drop of 65 pips for the next 9 minutes
  7. @3:07am right now its hovering @ 173.109 close to support with readings of Down 70% (Extended) and 62% (Reduced) .... and it feels like it wants to go.

​

  • #162
  • Jun 18, 2014 11:35am Jun 18, 2014 11:35am
Here is the GBPJPY M1 volatility this past Euro session from 1:30am my time, 8:30am on the chart:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY-M1-06182014.png Size: 126 KB


If this type of volatility might cause your account to blow up if you got Long on the spike up at 8:30 .... and if that then might cause you to start emailing all the vendors of the software on your chart, these might be some things to think about:

  1. Consider a new profession
  2. Reduce per-pair leverage
  3. Increase pairs traded
  4. Increase take profits
  5. Increase hold times
  6. Increase time frame until triple or quadruple that volatility will have a minor effect - either negative or positive
  7. Split your 1 Standard lot into 10 Mini lots or 20 30 40 50 Micro lots
  8. Consider going back to a Demo acct for another 2-3 years, or 4-5
  9. Consider a new profession


5NITRO+

  • #163
  • Jun 18, 2014 9:20pm Jun 18, 2014 9:20pm
Blow up an account with a 40 pips move........??? I think my vote goes to options 1 or 9.
Itīs easy to blame others when we fail. Even easier if we donīt know them and donīt know what his work is all about.
I would sugest go back to school and learn all again.
Also I bet anyone here can show a better, more complete and versatile tool (with the same proposal) then this one.
Yes....itīs an indicator, yes itīs a tool....not a system....not a cristal ball.
But I assure you that will always be present in any system I develop.
  • #164
  • Jun 19, 2014 9:30am Jun 19, 2014 9:30am
Quoting guilherme
Blow up an account with a 40 pips move........??? I think my vote goes to options 1 or 9. Itīs easy to blame others when we fail. Even easier if we donīt know them and donīt know what his work is all about. I would sugest go back to school and learn all again. Also I bet anyone here can show a better, more complete and versatile tool (with the same proposal) then this one. Yes....itīs an indicator, yes itīs a tool....not a system....not a cristal ball. But I assure you that will always be present in any system I develop.
Granted, the total range in 10 minutes was about 140 pips. But it was GBPJPY and the result of a 'Red Factory' specific event at a specific time. ForexFactory lets the whole world know at least a week in advance of these events and even provides the exact times.

Anyways, everything you said was exactly right again. Though many believe that a Crystal Ball could exist in FX. It must exist. They just need to keep searching the internet for it.

*I was wrong in the first place to share my frustrations about a customer. I should not have done that. Urgent emails in the middle of early EU and EU/NY overlap take a toll.
  • #165
  • Jun 19, 2014 10:01am Jun 19, 2014 10:01am
I think itīs good to have this kind of discussions and share your thoughts because a lot of people think like this customer of yours. And as they search the internet for the Cristal Ball, why not find the naked truth too.
  • #166
  • Jun 19, 2014 1:09pm Jun 19, 2014 1:09pm
Quoting guilherme
I think itīs good to have this kind of discussions and share your thoughts because a lot of people think like this customer of yours. And as they search the internet for the Cristal Ball, why not find the naked truth too.
Right, and forums like FF have been built on this fact. I guess then the whole Retail FX industry has been built on this .... that there must exist a way to "beat" the Market once and for all.

And maybe me calling out this individual was a subconscience attempt by me to try and help filter out who becomes a customer? idk

The name of this thread doesn't help. It is not editable though. We continued with the name 'Probability Meter' initially back in 2010 because I saw it as a category. Like Currency Strength Meter is a category. With 'NITRO+' distinguishing it from other Probability Meters. Sort of like Coke and Pepsi differentiate brands within the category 'Carbonated Beverage'.

The problem is that name Probability Meter suggests that the objective of the tool is actually to predict the future. That it is actually attempting to provide odds for a binary bet. Not necessarily Binary Options, but a binary Buy/Sell prediction. And therefore the higher the percenatge the better. Many of the sales over the years that have originated from this thread usually come with emails like "So should I wait until it says 100% before I Buy? These are the best odds right?"
  • #167
  • Jun 19, 2014 7:06pm Jun 19, 2014 7:06pm
Quoting Wyfx
{image} Enter Discount Code MAY to receive 40% off this mt4 indicator until 05/31/2011
Any discount?
  • #168
  • Jun 20, 2014 3:10pm Jun 20, 2014 3:10pm
Quoting ongpchye
{quote} Any discount?
Probably not. If there ever is one, it will be put in the title post so that it can be removed after the set time. There have been troubles with eJunkie not automatically expiring codes at the time that is set during creation without uploading all new files.
  • #169
  • Jun 21, 2014 12:34am Jun 21, 2014 12:34am
Is that a money back guarantee? If yes, what is the guarantee period?
  • #170
  • Jun 21, 2014 5:22am Jun 21, 2014 5:22am
Quoting Wyfx
{quote} Probably not. If there ever is one, it will be put in the title post so that it can be removed after the set time. There have been troubles with eJunkie not automatically expiring codes at the time that is set during creation without uploading all new files.
My broker is GDMFx & I'm attached to GDMFx Taiwan. I'm also using their EA. Is your software compatible with the preset platform? Can I load/use your template in the same prefix platform?
  • #171
  • Jun 25, 2014 8:10pm Jun 25, 2014 8:10pm
Quoting ongpchye
Is that a money back guarantee? If yes, what is the guarantee period?
Where did I imply in my reply to you that putting any available Discount Codes in the first post means that there is a Money Back Guarantee?

No. There is no Money Back Guarantee. Metatrader does not provide us with a way to "turn off" Custom Indicators remotely. I do not have the will or the time to deal with Nigerian and Russian Scammers all day long.

Besides, how is it that YOU are going to judge whether or not the tool is useful or has value? Let me guess .... you are going to use it to gamble.
  • #172
  • Jun 25, 2014 8:15pm Jun 25, 2014 8:15pm
Quoting ongpchye
{quote} My broker is GDMFx & I'm attached to GDMFx Taiwan. I'm also using their EA. Is your software compatible with the preset platform? Can I load/use your template in the same prefix platform?
5NITRO+ is a Metatrader 4 Indicator.

5NITRO+ can be used with all 350+ Brokers Worldwide that offer Metatrader 4 Builds greater than or equal to 600.

Yes, 5NITRO+ can be used with GDMFX Metatrader 4 Builds greater than or equal to 600.

No, 5N+ cannot be used with GDMFX "preset platform"..... if by "preset platform" you mean a platform other than Metatrader 4 Builds greater than or equal to 600.
  • #173
  • Jun 25, 2014 8:29pm Jun 25, 2014 8:29pm
Quoting Wyfx
{quote} Where did I imply in my reply to you that putting any available Discount Codes in the first post means that there is a Money Back Guarantee? No. There is no Money Back Guarantee. Metatrader does not provide us with a way to "turn off" Custom Indicators remotelly. I do not have the will or the time to deal with Nigerian and Russian Scammers all day long. Besides, how is it that YOU are going to judge whether or not the tool is useful or has value? Let me guess .... you are going to use it to gamble.
Excuse me, I asked you nicely because I'm interested & would like to know if there's any offer available and make sure it's compatible with my current platform. Is this how YOU reply professionally?

And no, I'm not any fxxxing scammer, which line indicates I'm a scammer? Kindly show me.I'm just a humble trader looking for a reliable tool to enhance my positioning.

Would appreciate if YOU could enlighten me these 2 things:
1. My broker is GDMFx & I'm attached to GDMFx Taiwan. I'm also using their EA. Is your software compatible with the preset platform? Can I load/use your template in the same prefix platform?

2. Does your system required all 28 pairs to generate the data? Because GDMFx doesn't have all 28 pairs. I asked because I come across some system require that.

3. If item 2 (above) is not required, when I'm using Nitro+, can I configure the Pairs displaying to just between about 10-12 pairs that I only trade?


Thanks,
Eric O.
  • #174
  • Jun 26, 2014 5:21am Jun 26, 2014 5:21am
Quoting ongpchye
{quote} Excuse me, I asked you nicely because I'm interested & would like to know if there's any offer available and make sure it's compatible with my current platform. Is this how YOU reply professionally? And no, I'm not any fxxxing scammer, which line indicates I'm a scammer? Kindly show me.I'm just a humble trader looking for a reliable tool to enhance my positioning. Would appreciate if YOU could enlighten me these 2 things: 1. My broker is GDMFx & I'm attached to GDMFx Taiwan. I'm also using their EA. Is your software compatible with the preset...
I meant, in general, offering an open ended Money Back Guarantee based on the User's opinion or ability to trade would bring out the 'obligatory' scammers. For every 1 honest transaction, there would be 4 with the sole intention of obtaining the tool freely ... and of course being sure to drain us with 'Free Unlimited Support' needs in the process. I apologize for being unprofessional. It was not personal.

1. As I said, if by 'preset platform' you mean Metatrader 4 Build 600+ ... then yes. If not ... then no.

2. We do not sell systems. 5N+ is not a system. It is a singular Indicator to provide extra information, confirmation, and to 'enhance your positioning'. It does not require 28 major pairs. As I said, it functions correctly on all 350+ Brokers worldwide that provide MT4 600+.

3. As displayed in abundance @www.megatrendFX.com - you can configure it however you see fit.
  • #175
  • Jun 26, 2014 11:28am Jun 26, 2014 11:28am
Quoting Wyfx
{quote} I meant, in general, offering an open ended Money Back Guarantee based on the User's opinion or ability to trade would bring out the 'obligatory' scammers. For every 1 honest transaction, there would be 4 with the sole intention of obtaining the tool freely ... and of course being sure to drain us with 'Free Unlimited Support' needs in the process. I apologize for being unprofessional. It was not personal. 1. As I said, if by 'preset platform' you mean Metatrader 4 Build 600+ ... then yes. If not ... then no. 2. We do not sell systems. 5N+...
Hey Wyfx, thanks for the reply. I'll be putting in my order soon. Kindly bear with me if I'm facing installation difficulty. Your understanding is much appreciated.

Thanks again.

Eric O.
  • #176
  • Jun 26, 2014 12:47pm Jun 26, 2014 12:47pm
Quoting ongpchye
{quote} Hey Wyfx, thanks for the reply. I'll be putting in my order soon. Kindly bear with me if I'm facing installation difficulty. Your understanding is much appreciated. Thanks again. Eric O.
@Eric - after going to GDMFX website, it looks like they are smaller and so only offer MT4 as their main 'preset' platform. Think of Metatrader as Android. Instead of all the Asian phone + tablet manufacturers having to also worry about software and the ongoing cost of keeping it updated - they just use Android so they can focus on what they do best. Plus, the built in user base.

You need to confirm your MT4 Build number is >=600 by clicking Help on your top toolbar. Then, click About.

Installation of any EA, Indicator, or Template is simple now with easy access to the new Data Folder from within the platform by clicking File on that same toolbar.

New and more illustrations were just added explaining installation step by step on the 5NITRO+ Instructions - Installation page.
  • #177
  • Jun 26, 2014 8:16pm Jun 26, 2014 8:16pm
Quoting Wyfx
{quote} @Eric - after going to GDMFX website, it looks like they are smaller and so only offer MT4 as their main 'preset' platform. Think of Metatrader as Android. Instead of all the Asian phone + tablet manufacturers having to also worry about software and the ongoing cost of keeping it updated - they just use Android so they can focus on what they do best. Plus, the built in user base. You need to confirm your MT4 Build number is >=600 by clicking Help on your top toolbar. Then, click About. Installation of any EA, Indicator, or Template is simple...
#Wyfx - my account is maintained in Taiwan centre (http://www.gdmfx.com.tw/en/about-us/why-gdmfx/). The mt4 is the latest build 646.

I'll check through the installation guides. Thanks for your cooperation.
  • #178
  • Jun 26, 2014 10:03pm Jun 26, 2014 10:03pm
wyfx - there is still no answer for the currency strength question and ive been waiting to see a answer? Is there a answer? Thanks
  • #179
  • Jun 27, 2014 1:49am Jun 27, 2014 1:49am
Quoting demateo
wyfx - there is still no answer for the currency strength question and ive been waiting to see a answer? Is there a answer? Thanks
I'm not sure. Can you remind me what it is about?
  • #180
  • Jun 27, 2014 10:23am Jun 27, 2014 10:23am
Quoting Wyfx
{quote} I'm not sure. Can you remind me what it is about?
what i mean is someone else asked what is the calculation for the flow+ strength meter for sale on the page or does the name change to nitro+
1 trader viewing now