Forex Probability Meter - NITRO+

Rudy - I know what you mean. But after 4 years, 16 pages, 320 posts, and like 5+ emails every single day 350 days per year with the subject of NITRO+ or Currency Strength Meter ... it is nice to have a break every once in awhile.

Any of your thoughts are always welcomed.

But good luck trading in case I don't hear from you in awhile.

BTW - I 2nd that recommendation. "Going offshore to escape the CFTC" at I think Baby is like the resource Bible. Everything is there, look no further.

I have tried the older version of this indicator, unfortunately it doesn't do any better than guessing if the price would go up or down.

Let me guess ...

1. You subscribe to threads titled something like No-Loss 6 Pip Scalping System
2. You subscribe to threads titled something like Always-Profit EA Scalper
3. You have downloaded something from ClickBank named 60sec Binary Options Indicator
4. You have downloaded an EA from the MT4 Marketplace named EURJPY Scalper - Set it and Forget it
5. You have actually researched FX Brokers who Allow Scalping and created a spreadsheet list of Yes / No using Microsoft Excel
6. You have taken the time to post a screenshot of a GBPJPY 12 Pip Gain along with explaining your thought process leading up to the trade decision
7. You have set a goal of 20 Pips Per Day because you are not greedy
8. You are convinced Brokers have hunted your stops ... even on demo accounts
9. You set your single TP @ 20 Pips
10. You set your single SL @ 10 Pips

All wrong! :-)

Lovin it Steven, thanks for a great indy

Thank you Rudy

Most users and new buyers have been cool about the new One Click Panel overlap issues.

So this has given us a chance to spend some additional time on this new interim update and make more improvements + add more options.

Thanks for your patience.

New Build 769 pushed February 17th.

Looks like Metaquotes added variable-width to the One Click Panel. Unless I'm seeing this wrong Builds <=765 did not have this variable-width allowing for a price with 7+ characters not counting decimal point.

Code and Templates will be adjusted and updates sent to all customers once there is confirmation this is the last size change for awhile.

there is nothing wrong with your mt4 or your LiveUpdate.exe if 769 has not come in yet. Build 769 is not official ... I don't think. None of my live platforms have gotten it and neither have my brother's. They are all on 765 or less.

Pretty sure 765 is the current official

Whenever a new build is received, but not mentioned at either of the two links below then it is a minor, interim, non-official build ... at least that is what the pattern has been since feb 2014:

1. official builds are announced in a sticky thread at the MQL4 Forum HERE
2. official builds are announced within Metatrader 4 News at the Metaquotes site HERE

Recent Build 777 or 778 removed an internal mql4 enumeration that allowed selecting of non-standard time frames such as M3, M20, H12. As of right now this is only affecting new update compiles but upcoming builds will probably mess with existing 5N+s compiled on whatever build was in May 2014. The code is being rewritten to try and deal with whatever they decide.

So if these non-standard time frame options soon disappear after an upcoming new build, a solution is being provided.

the trade manager shown in videos of first version NITRO+ was an EA named iDrag. All it did was allow the ability to drag TPs and SLs directly on the charts.

Even though it is shown in videos and some images on the sites, it is not included with 5N+. It was included in those videos because I don't know how to quickly and frequently manage 70+ rolling open lots without doing so directly on the charts.

An additional trade manager like iDrag isn't necessary anymore anyhow because it is now built into every MT4.

Follow the steps below to turn 'Visual Trading' on. If the 'ALT' key safety feature is preferred, then do not complete the final step. This will also enable the One Click Panel one click functionality.



5NITRO+

Hi Wyfx

Have any discount code?

@kadaj -

thank you for your interest.

No, there are no discount codes currently.

You can provide your email to ashley <<<at>>> wyfxco.com to be notified of any possible promotions in the future or use The Contact Form

Wyfx,

What is the latest version of 5NITRO+ ?

When I go to the About tab, what # should I be seeing?

I made enquiry on the Contact form but it was weekend; I don't think I got the March email

Thanks, John

EDIT: and just as I posted that, go to my email, there is response, all fixed

Started using NITRO as part of this system - fits in well I think

How about this one?

Almost at ADR of 200 pips already !!!!!!

@Erebus - yeah I'm glad I set my alarm clock 45mins sooner that night ... had a feeling China trade would be leaked early yet again.

I guess there is no choice but to believe those numbers were not errant and assume this has begun an Aussie export-into-China slowdown trend. These are the lowest AUD rates in like 10yrs, but at 2.25% there is still plenty of room lower. And they have plenty of recent G8 lower-rate examples to use for models ... in other words not be scared to go lower cuzz "everyone else is doin it". We'll see.

I've always liked a MTF Gann Hi/Lo like at the bottom of your M15 AUDUSD+GBPAUD. The HAS default settings, shown in your same M15 pics, were actually reverse-engineered to sorta average or split the difference of a MTF Gann Hi/Lo skewed higher like you have.

moseutope - Keep in mind that this is not a system. Its primary use is to be added to your already-existing personal methods that you created organically ... like what Erebus explained in the posts above.

1. Whatever you do now when momentum is increasing or price is showing signs of breaking - then keep doing this using 5N+ for extra information + confirmation
2. Whatever you do now when momentum is showing signs of peaking / faltering / exhausting - then keep doing this using 5N+ for extra information + confirmation.

As shown in the illustration #1 this is the NITRO Mode Visual Alert. The left vertical bar illuminates when the main GLOBAL% crosses 50%. This indicates that 75% of all parameters of the entire meter are all agreeing with the same trend bias.

The right vertical bar illuminates when TITAN3 hits 75. This indicates that 75% of the (20) internal indicators within T3 across multiple time frames are all agreeing with the same trend bias. Both of these visual alerts can be adjusted to your preference.

How do we know when price is going to come down? I have no idea, and neither does this tool. As shown in the illustration #3 the matriXx blocks provide visual alerts when price action is showing signs of being Overbought or Oversold.

Sure, this matriXx can be used together with a high GLOBAL% [for example >95% like you said] as an area to begin thinking about taking some profit of at least a portion of your units.

Sure, this matriXx + GLOBAL% can also sometimes be used together with the HAS changing colors or a reduction in the length of its candles. Whether you employ these changing HAS candle states to Take Some Profit or to Stop & Reverse is totally up to you and your current methods.

As noted elsewhere in this thread like Post#298 and Post#299 and on 5NITRO+ Trading Page 3 .... 97% 98% 99% 100% has proven very reliable over the years for users as an indication of momentary momentum exhaustion.


Attached Illustration:

1. NITRO Mode - Vertical bars triggering 1st time usually indicating good Momentum / Strength
2. Heiken Ashi Smoothed - More confirmation of direction
3. matriXx Overbought / Oversold - Maybe Take Some Profit on some units when high aggregate percentage such as the shown (8+) blocks lit out of (12) total

Summary:
Mix it up. As long as you make logical + high probability decisions across many decisions you theoretically should come out ahead in the long term. 'Mixing it up' will create slight variance within those high probability decisions which should reduce anomalous risk [such as January 2015 CHF spikes]. Trading many pairs including Exotics, CFDs, and Commodities is a great way to create this variance inherently.

Holding onto the dream that "there must be a way to create a step-by-step repeatable system based solely on technicals like 5NITRO+ and HAS" ... is a Fool's Game.




5NITRO+