Probability Meter 40% plus M-Candle 60min = Profit | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Profit/Loss meter as percentage change of the account 12 replies

How to make EA that send Open Price of Candle for every new candle 5 replies

Day's first H4 candle correlation to daily candle 14 replies

Correlation between first 4 hour candle and daily candle 1 reply

EUR/USD Signals Daily, Weekly, 60min, 4hr 0 replies

Attachments: Probability Meter 40% plus M-Candle 60min = Profit
Exit Attachments

Probability Meter 40% plus M-Candle 60min = Profit

  • #1
  • First Post: Edited Jul 4, 2014 9:00am Jul 3, 2014 11:00am | Edited Jul 4, 2014 9:00am
I can not Change tittle of the Thread! must be.. LightIndy 80% plus M-Candle 60min -- Quick Profit!

Very simple to understand and profitable system..

Indicators:
1- FerruFX Light Indy with alarm on 80% following same rule.
2- M Candle: Setup 60 min.
3- Tro Bias Ez. H1 D1 direction: nothing to change in setup
Time Frame: not important..much easy to trade on M1 M5.


Rules to short. / ALL RED
- FerruFX Light Indy with alarm on 80% trending down
- M Candle square: must be in RED
- Tro biaz Arrow: both must be DOWN. H1 D1

Rules to LONG. / ALL GREEN

- FerruFX Light Indy with alarm on 80% trending up
- M Candle square: must be in green
- Tro biaz Arrow: both must be UP. H1 D1

Warning: this is a quick reaction system.. SCALPING.. no to trade before or after news.

BETTERS PAIRS TO TRADE: pairs with USD with Low Spread and high volume market time.. NY/Lnd better

SL and TF discretionary


Thank you FerruFx.. excelent and precise indicator!!!!
Thank you to Udine he started this strategy with 00 lines strategy, gave me idea to implement the alarm.
Thankyou T.R.O. for the Arrows!

---Please Try and share your screen capture------
Attached Image(s) (click to enlarge)
Click to Enlarge Name: probabilitymeter.jpg Size: 152 KB
Click to Enlarge Name: probabilitymeter5.jpg Size: 176 KB
Click to Enlarge Name: probabilitymeter6.jpg Size: 116 KB
Attached File(s)
File Type: ex4 M-Candles.ex4   12 KB | 3,773 downloads
File Type: ex4 TRO_BIAS_EZ.ex4   11 KB | 3,812 downloads
File Type: ex4 LightIndy mod-ONEALERT.ex4   28 KB | 3,911 downloads
visit www.OlimpiaFX.com
  • #2
  • Jul 3, 2014 12:26pm Jul 3, 2014 12:26pm
Quoting olimpia
Another Example.. of screens.. of todays Trade! different pairs. {image}
hi there,

how do i know when to take profit or stop loss?
  • #3
  • Jul 3, 2014 12:36pm Jul 3, 2014 12:36pm
Quoting tehO
{quote} hi there, how do i know when to take profit or stop loss?
Usually my average its about 5 pips .. after NY session open and or Tokyo session open. .. please carefull with retracements.. always going with H1 D1 arrows.
visit www.OlimpiaFX.com
  • #4
  • Jul 3, 2014 12:55pm Jul 3, 2014 12:55pm
which pairs do you use this with and what has been win% of this system?
  • #5
  • Jul 3, 2014 6:39pm Jul 3, 2014 6:39pm
hello to everyone here in the forum
#olimpia i use Ferrufx forex probability meter for on all my 22 charts can i use the Multi Info+ top box when it also says 80 with no%? ferrufx posted in more forums on forex-tsd this is same number results.
-but my meter also has CSM which he says if i buy produces best results of any meter over Ferrufx Lite+ but my meter has no alerts option
  • #6
  • Jul 3, 2014 7:25pm Jul 3, 2014 7:25pm
i need a right probability system last night for usd non farm payroll (nfp) cad trade balance (cad) that made cad to trade fast http://www.forexfactory.com/calendar.php you can "Upload Screenshot" from below on USDCAD CADJPY CADCHF EURCAD GBPCAD for 30 min on these 2 reports PLEASE i can show how to print screenshots of reports for 30 min from in metatrader 4 the old terminal version
  • #7
  • Jul 3, 2014 10:46pm Jul 3, 2014 10:46pm
hi,
this is interesting too. how long you been testing it on live trading?

today market is slow, i will check it on monday.

Thanks for sharing
  • #8
  • Jul 4, 2014 2:33am Jul 4, 2014 2:33am
You could remove the m-candles indy, right? TRO Bias shows same thing.
  • #9
  • Jul 4, 2014 3:00am Jul 4, 2014 3:00am
i love scalping...thanks man
beginner of luck:
Attached Image (click to enlarge)
Click to Enlarge Name: eu m5.jpg Size: 94 KB
  • #10
  • Jul 4, 2014 4:14am Jul 4, 2014 4:14am
Quoting olimpia
I can not Change tittle of the Thread! must be.. LightIndy 80% plus M-Candle 60min -- Quick Profit! Very simple to understand and profitable system.. Indicators: 1- FerruFX Light Indy with alarm on 80% following same rule. 2- M Candle: Setup 60 min. 3- Tro Bias Ez. H1 D1 direction: nothing to change in setup Time Frame: not important..much easy to trade on M1 M5. Rules to short. / ALL RED - FerruFX Light Indy with alarm on 80% trending down - M Candle square: must be in RED - Tro biaz Arrow: both must be DOWN. H1 D1 Rules to LONG. / ALL GREEN -...
does that m-candles indicator repaint the boxes? (turn where one was originally red to green or vice versa?)
  • #11
  • Jul 4, 2014 4:29am Jul 4, 2014 4:29am
Testing out now on a lower tf (5m) I'll let you know what this thing does
  • #12
  • Jul 4, 2014 4:30am Jul 4, 2014 4:30am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting justin7
{quote} does that m-candles indicator repaint the boxes? (turn where one was originally red to green or vice versa?)
The boxes are the higher timeframes candles. So there's no repainting past the current box.
MT4/MT5 EAs/Indicators/Alerts coder
  • #13
  • Jul 4, 2014 4:33am Jul 4, 2014 4:33am
Just tested it on 5minute. I don't really see the point of the indicator.

From the moment the candle opens it will turn to either red if it's going down and if it goes back above over the candle open then it will turn to green... isn't it just a candle chart then without the wicks?
  • #14
  • Jul 4, 2014 6:16am Jul 4, 2014 6:16am
  •  FerruFx
  • Joined May 2007 | Status: MT4/MT5 EAs/Indicators/Alerts coder | 6,542 Posts | Online Now
Quoting justin7
Just tested it on 5minute. I don't really see the point of the indicator. From the moment the candle opens it will turn to either red if it's going down and if it goes back above over the candle open then it will turn to green... isn't it just a candle chart then without the wicks?
That's just candles ... nothing else.
MT4/MT5 EAs/Indicators/Alerts coder
  • #15
  • Jul 4, 2014 7:09am Jul 4, 2014 7:09am
Quoting justin7
Just tested it on 5minute. I don't really see the point of the indicator. From the moment the candle opens it will turn to either red if it's going down and if it goes back above over the candle open then it will turn to green... isn't it just a candle chart then without the wicks?
Hello.. The M.Candles.. setting in 60 min.. just giving you the color of the actual "H1" candle... or set in 240.. "H4" ... so.. it will change the color in case is going up or down from the open price of the 60min period.. or.. 240min period.. Mcandle..just a quick and intuitive way to undertand the trend in the actual h1 period..

Strategy its.. be in line.. example all down.. D1 H1 (m candle red) and have the alarm on 75 to 80% down of light indy.. is the moment to do the sell order.
visit www.OlimpiaFX.com
  • #16
  • Jul 4, 2014 7:15am Jul 4, 2014 7:15am
Quoting demateo
hello to everyone here in the forum #olimpia i use Ferrufx forex probability meter for on all my 22 charts can i use the Multi Info+ top box when it also says 80 with no%? ferrufx posted in more forums on forex-tsd this is same number results. -but my meter also has CSM which he says if i buy produces best results of any meter over Ferrufx Lite+ but my meter has no alerts option

Hello Demateo.. the original thread was to using the FerruFx Prob Meter.. which is very usefull.. with an alarm on 40 to 50% its a good entry point... but Prob meter its a commercial product, I can not share that indicator

I change the ProbMeter into the Light Indy from FerruFx as well (Same Coder) .. but this is free and you can download.. its similar to ProMeter but will less information.. and alarm.. you can set in 75 80% you can download directly in the beggining of this topic. .. thank you!
visit www.OlimpiaFX.com
  • #17
  • Jul 4, 2014 9:09am Jul 4, 2014 9:09am
Is there any kind of forward walk thru on this indicator? Some kind of simulation and results of that as well ?
  • #18
  • Jul 4, 2014 10:37am Jul 4, 2014 10:37am
Thx for sharing your sys Olipmia
I have installed TRO indi and there are no arrows in my chart, I have boxes instead.
Does it work correct? I suppose there is no difference whether it arrows or boxes.
  • #19
  • Jul 4, 2014 10:54am Jul 4, 2014 10:54am
Quoting fads
Thx for sharing your sys Olipmia I have installed TRO indi and there are no arrows in my chart, I have boxes instead. Does it work correct? I suppose there is no difference whether it arrows or boxes.

Probably you dont have installed the "Wingdings" fonts in your operating system..
visit www.OlimpiaFX.com
  • #20
  • Jul 4, 2014 1:24pm Jul 4, 2014 1:24pm
hmm...nope, Ive checked my fonst folder and there are 3 types of "Windings" fonts
0 traders viewing now