Forex Probability Meter - NITRO+

Steve,
I try to stay intraday in the London-NY overlap. What I'm trying to infer is general as to pairs and TFs, as long as the prediction has high quality.

In other words, how to use the prob meter + matrix in combination with other indis in order to create a system that works for me.

There must be a lot of customers out there who have succeeded, and spilled the beans as to their strategy.

As a specific example, let's assume that EURUSD is trending, the PA is above the HAMA, the prob is about 90%, a few matrix points are lit. What to do then, stay out and wait for a breakout, or wait for a retracement and then get in?

A general pattern I've seen for a breakout is that the prob meter goes down somewhat but stays high, whereas the matrix points disappear. When the new trend is established, the prob meter changes color but that is long after the breakout. What to do then, as the proper entry has vanished? The time setting is always reduced.

regards,
Fredrik

Hi,
Do you have any plans for Christmas discount codes? After all, it is a good tradition to give discounts on Christmas purchases :-)

No there are no plans for Christmas discount codes

Corrections

In a previous post with both meters maxxing out at 100% prior to sharp retracement, EURUSD was at its lowest point since August 2012 ... not July 2012
In a previous post with both meters maxxing out at 100% prior to sharp retracement, USDCHF was nearly at its highest point since May 2013 ... not July 2012

but thanks for asking

It was undertood from your first post and now the latest post that what you desire most is for a repeatable system based pretty much 100% on technical levels and 5N+ readings that you can use to create profit every day. Day after day. Day after day a repeatable system based pretty much 100% on those same technical levels and 5N+ readings.

In about the week of using 5N+ before your first post and then the 2 weeks in total leading up to your latest post, you have discovered a few things about 5NITRO+. Always 5N+ is always too late before it gives you a sufficient reading for your style of trading. Or even when 5N+ does give you the reading you want, like 50% or above, price always then just seems to always reverse and presumably causes you to be stopped out and lose money.

Sometimes with technicals, it seems like they may actually be providing perfect opportunities quite often. But because they do not meet our exact unique criteria of the single system we want, huge opportunities keep being overlooked.

For example, it looks like a perfect example of this might have been given by you in your first post with the attached screenshot or EURCAD. Your twelve 5N+ meters on your chart were all 'generally' indicating a strong short bias with about a 50% to 60% average right around the nice intraday time frames of M10 M12.

I'm not positive, but it looks like all of your other indications were 'generally' in agreement. So while not every single meter representing every single time frame were giving a perfect entry reading I guess, it looks like overall your technical system in total was indicating high probabilities of price declining from there

....your technical system already in place. That technical system already in place produced 250 pips.

 

1. Top = your first post screenshot
2. Middle = price continuation from the exact point of your screenshot
3. Bottom = Top + Middle

Likewise, another suggested 'technical system' using 97% 98% 99% 100% 5N+ was provided as an example in reply to your first post and then was followed up. The follow up posts show how 97% 98% 99% 100% led to 200+ pips and then suggested it might prove reliable as an indication for momentum exhaustion once again. This then led to another 200+ pips directly after the example.

And while it may be impossible to rely solely on any singular system like the examples here, maybe it is possible to rely on a combination of many.

Maybe when we combine many different options and systems together with some fundamentals, maybe we can then reduce the importance or urgency of any one system to produce all of our profits. That way, we can then have the luxury of making decisions based on 'generalities' rather than exact technicals or 5N+ readings. Exact 5N+ readings that will no doubt when they are forced every single day in every single situation .... always fail us.

On second thought there will be a Holiday Discount Code

Enter Code = CHRISTMAS
Discount Amount = 3%

Your Specific Example:
The correct answer is you should always buy immediately at the 90%. No wait, the corect answer is you should always wait for the retracement.

It's another coin flip scenario.

A large percentage of whether either decision you make results in success or failure in this given scenario will be the result of randomness and luck. Maybe eliminating singular decisions that have too great of an impact on success or failure is the real correct answer. ....so instead of every decision having a baseline 100% impact, maybe it is reduced to 2%.

This would allow you to play that scenario in many different ways and over a wider time window. As long as all of our many decisions are based on logic + probabilities, the odds will eventually play out in our favor.

Your Pattern Scenario:
In your posts you have been saying that this either always happens or has happened over and over again in your 2 weeks of use. It sounds like you have discovered a pattern.

So now, adjust the settings to match this pattern that always happens. Lower the time frames. Either leave Time Outlook as -reduced- how you have it or increase it to -extended- when you reduce time frames even more. Maybe reduce one or both Strength Lookbacks so that they are more in sync with these patterns.

The thick black line is 'Balance Point'

New 5NITRO+ and 5NITRO+Lo version 5.04 will be sent to all customers soon

New MT4 official Build 765 released last Friday afternoon increased the size of the One Click Panel by about 15%. Not really sure how it works but if there is enough room in the code (or enough memory allotment for the stack that contains the display modes??) ... then more display modes once again matching the One Click Panel in size will be added for both small font + large font. If not, then the new display modes will replace the old.

New Templates will be added and existing Templates will be corrected. If anyone wants something added to the meters or changed or changes to Templates, tell us.

The discount code from above was just created and extended through the entire holiday season until New Year's night. It will last until 01-01-2015 23:59 GMT

Thanks for the discount!

Could you share what your preferred setting is for the Clear Chart indicator?

Rudy - Thank You. How about EURRUB USDRUB! 6.5 point increase and still no let up.

I just use those default settings or a tad more smoothing. So instead of 6 and 2 .... like 9 and 1. There is a CC2 Page that talks about settings. I haven't been using it that much lately or really at all. All my charts are now zoomed-out so this makes its use difficult and often in the way of price points when trying to figure out Limits orders. I would use it if we could make it smaller and be in the background of chart bars not foreground. Alot of people like HAS though and there are 6-10 new downloads every day.

Just sent a note earlier letting you know about new versions and templates being sent because of build 765. In case you were wondering why all the templates with 'Left' in their names are messed up with the One Click Panel overlapping the meters.

History being made

http://japan.wyfxco.com/Forex-Factor...RUB-MAXXED.png

Please tell me you are in that trade.

Nope. I sensed that you are though from one of your other posts?

Stopped trading both of them in like 2012 or 2013 because of the limited market hours and I was constantly causing huge error logs with a trade manager EA because I wouldn't realize or forget they were closed for trading. And I just figured OIL was close enough proxy. So hadn't even scanned them until recently because of news headlines well after the breakout. Oh well. It just sux to watch moves like this without even having a .10 lot

I meant to ask you yesterday what you planned on doing after they reopened it or if you had been taking profit all the way ... because I guess it would have been hard not to be taking profit.

It seems like RU will be ok and much better shape than 1998. Today was a good day for them.

I almost don't wanna talk about it haha. I was in it 6 weeks ago and did well but then decided to stay out for a while cuz it was getting a little crazy. Finally I couldn't resist and got in 2 nights ago just to get stopped out by a small retrace about 4 hrs before it peaked! Missed out on about $150 from a micro lot if my math is correct.

I don't have a plan for it at this point. It depends when it reopens, but I could see myself riding it back down for the next few months

Forex is the most interesting and most challenging thing I've ever had the pleasure to experience

The funny thing about the Ruble is its technically stronger than our dollar when % backed by gold is considered. I'd like to get another account based in SGD, or at least EUR if that's possible

I like Forex to because you have big country against big country but how can i trade this Ruble-United states when I have my broker who does not never change any prices ever since you alert here last week of big move is coming. You are saying this is new for all brokers or i need a different micro account type or what is the broker for this

this is ok that i am glad is only 3% but when I ask you more times for this discount code before you promise there will be no discount codes likely. But I understand if this is christmas code and it is better that I have this since this summer but I just think it is not as fair
You ask for my resolution and i have FULL HD RESOLUTION BUt i already know

Search "Going offshore to escape the CFTC" for a great thread with a long list of brokers. try "fin"

Now Im starting to feel bad because my posts are not related to nitro and I dont think I'll be posting again until they are. I hate diluted threads