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Forex Probability Meter - NITRO+

  • #341
  • May 3, 2015 2:02pm May 3, 2015 2:02pm
Hi, just want to ask if Nitro can be used on indexes? e.g., USD/LFX, AUD/LFX, EUR/LFX etc., ?
  • #342
  • May 3, 2015 3:21pm May 3, 2015 3:21pm
Quoting Boogerballs
Hi, just want to ask if Nitro can be used on indexes? e.g., USD/LFX, AUD/LFX, EUR/LFX etc., ?
"Currently, customers are able to use their 5N+ tool on every single symbol displayed in their MarketWatch Window on over 350+ Brokers."
http://megatrendfx.com/forex-probabi...ator-algorithm

From what I have searched this is an index developed by LiteForex, under a special formula. Itīs not an index like DAX30 or US500
But if you have this symbol on your MarketWatch window, I think it should work.

Better wait for an answer from the guys from N+.
  • #343
  • May 3, 2015 4:45pm May 3, 2015 4:45pm
Quoting Boogerballs
Hi, just want to ask if Nitro can be used on indexes? e.g., USD/LFX, AUD/LFX, EUR/LFX etc., ?
i've also only seen /LFX at LiteForex. Like guilherme said, any symbol displayed in Market Watch from any MT4 Broker.

The 5N+/6N+ displays are limited to six characters. So, if the symbol is EURUSDFXF .... it will display EURUSD

Attached are screenshots of the NASDAQ, S&P 500, and DAX all from one year ago, as other Index examples:
Attached Image (click to enlarge)
Click to Enlarge Name: NITRO-NASDAQ-Index-002.png Size: 49 KB
Attached Image (click to enlarge)
Click to Enlarge Name: NITRO-NASDAQ-Index-001.png Size: 26 KB
Attached Image (click to enlarge)
Click to Enlarge Name: NITRO-DAX-Index.png Size: 55 KB
Attached Image (click to enlarge)
Click to Enlarge Name: NITRO-SP500-Index.png Size: 54 KB
  • #344
  • May 4, 2015 3:04am May 4, 2015 3:04am
Quoting Boogerballs
if Nitro can be used on indexes?
... also note that for all symb0ls displayed in Market Watch that at least 150 bars are required to be in History Center for all time frames used in the calculation formula.

So, if the meters are loaded on M20 Offline using a Time Outlook setting of reduced(quick) like on right side of attachment, then 150 bars are required from the following time frames. If not, a warning message will appear in place of the meter:

  1. M5
  2. M15
  3. M20 (bars generated w/ script)
  4. M30
  5. H1
  6. H4
  7. D1

Attached Image (click to enlarge)
Click to Enlarge Name: 5NITRO-TITAN-Time-Frame-Weightings-M20-02.png Size: 13 KB

​Complete time frame breakdowns are listed on the formula page that guilherme linked to in post above
  • #345
  • May 4, 2015 9:18am May 4, 2015 9:18am
Quoting Wyfx
{quote} ... also note that for all symb0ls displayed in Market Watch that at least 150 bars are required to be in History Center for all time frames used in the calculation formula. So, if the meters are loaded on M20 Offline using a Time Outlook setting of reduced(quick) like on right side of attachment, then 150 bars are required from the following time frames. If not, a warning message will appear in place of the meter: M5 M15 M20 (bars generated w/ script) M30 H1 H4 D1 {image} ​Complete time frame breakdowns are listed on the formula page...

Thx Wyfx and guilherme. Appreciate the quick response. Aside from indexes, I am also thinking of using it on offline renko charts. Problem is my Offline charts are all M2 or M3 (but definitely more than 150 bars). Will nitro still work? i'd prefer nitro to do its calculations based on renko instead of the normal bar charts if you know what i am trying to say
  • #346
  • May 4, 2015 5:01pm May 4, 2015 5:01pm
Quoting Boogerballs
{quote} Thx Wyfx and guilherme. Appreciate the quick response. Aside from indexes, I am also thinking of using it on offline renko charts. Problem is my Offline charts are all M2 or M3 (but definitely more than 150 bars). Will nitro still work? i'd prefer nitro to do its calculations based on renko instead of the normal bar charts if you know what i am trying to say
I do know what you are sayin' but I don't think that is possible ... is it? Are you using or have you ever encountered a way to, for example, have Metatrader's MACD be generated based on your Renko-outputted data?

M2 M3 M4 M6 M10 M12 M20 H2 H3 H6 H8 H12 are all currently possible though.

M20 was used in the example above as a double-duty way of showing this (since they all need some type of Offline generating script such as your Renko or the supplied Period_Converter)
  • #347
  • May 5, 2015 9:51am May 5, 2015 9:51am
Quoting Wyfx
{quote} I do know what you are sayin' but I don't think that is possible ... is it? Are you using or have you ever encountered a way to, for example, have Metatrader's MACD be generated based on your Renko-outputted data? M2 M3 M4 M6 M10 M12 M20 H2 H3 H6 H8 H12 are all currently possible though. M20 was used in the example above as a double-duty way of showing this (since they all need some type of Offline generating script such as your Renko or the supplied Period_Converter)
Most indicators i've used so far are usable in offline renko charts. Do you mean Nitro actually uses bars from all M5 M15 M20 M30 H1 H4 and D1 for its calculations? Will it still calculate without one of these timeframes?

http://imgur.com/hYR20mV
  • #348
  • May 5, 2015 9:59am May 5, 2015 9:59am
I have tested Nitro with renko a lot already. And yes it will work.
For example you are using your renko chart and want to use nitro+ set to 5M.
No problem it will work just the same as if you were in a 5M chart.
You can even use more then one in the same chart set to different time frames.
  • #349
  • May 7, 2015 1:39am May 7, 2015 1:39am
Hi Steven

what are the improvements for the 6th?
  • #350
  • May 7, 2015 12:19pm May 7, 2015 12:19pm
Quoting rudy5
Hi Steven what are the improvements for the 6th?
Hey Rudy,

6NITRO+ will mostly continue the refinement trend and include some tweaks to the formula. These formula tweaks will primarily improve the experience for M1 M2 M3 M4 M5 M6 M10 M12 M15 traders especially during slow markets like Australia thru Asia and the midday lunch lulls of London + New York.

More display options including a new NANO display mode group and more visual alert options, or rather more user control.

There is a checklist of things to do or improve. It is really just a matter of at what point do we stop and then leave the rest for 7NITRO+ or 8NITRO+. For instance adding capabilities for High DPI displays was going to be put off for 7N+, but it is being put into 6N+ right now.

There have been 8 new builds since Build 765. I honestly thought by now within that frenzy of releases that one of them would force a 'cutoff point' if you will. In other words affect current 5N+ functionality so as to force us wrapping it up and save the rest for 7N+ or 8N+ or 9N+.

►Anyways, what do you wanna see done? Anything you got will be added to the checklist.
  • #351
  • May 7, 2015 12:31pm May 7, 2015 12:31pm
If it's not too much to ask I'd love it if it could always be opening winning trades for me. Preferably 100 pips or more, but I could live with 50
  • #352
  • May 7, 2015 12:37pm May 7, 2015 12:37pm
Quoting rudy5
If it's not too much to ask I'd love it if it could always be opening winning trades for me. Preferably 100 pips or more, but I could live with 50
The absolute max possible would be roughly 41-42 pips guaranteed profit every 4 hours.

'50 pips' is just being ridiculous. Nevertheless, your request has been added to the checklist.
  • #353
  • May 7, 2015 12:38pm May 7, 2015 12:38pm
50 or I take my idea some place else.
  • #354
  • May 7, 2015 3:46pm May 7, 2015 3:46pm
Quoting rudy5
50 or I take my idea some place else.
How funny that you think your idea is soooooooooooooooo great and you're all proud of yourself.

But with that being said, my offer is $40,000,000,000.00 for this idea and you must sign at least a 2month non-compete.

If you agree to this, PM me with a routing number so I can wire the funds.
  • #355
  • May 7, 2015 4:01pm May 7, 2015 4:01pm
Smart move. Using 10 lots per order your ROI would be a quick 8,000,000 trades. Child's play!


I'm excited to see the nano sized indi
  • #356
  • May 8, 2015 7:19am May 8, 2015 7:19am
Quoting rudy5
Smart move. Using 10 lots per order your ROI would be a quick 8,000,000 trades. Child's play! I'm excited to see the nano sized indi
I'm not sure how exciting those nano modes will be, but that was kind of you to say.

good luck with NFP this morning.
  • #357
  • May 9, 2015 11:32pm May 9, 2015 11:32pm
Ok I do have an idea. What about the ability to click the symbol name on the indi and have it open up that chart?
  • #358
  • May 10, 2015 8:42am May 10, 2015 8:42am
Quoting rudy5
... What about the ability to click the symbol name on the indi and have it open up that chart?
What's the scenario? Like the attachments below where the user is monitoring multiple meters at once?

Attached Image (click to enlarge)
Click to Enlarge Name: Forex-Heatmap-Click-2-Open-Chart.png Size: 75 KB
Attached Image (click to enlarge)
Click to Enlarge Name: Forex-Multiple-Meters-Compact-Click-2-Open-Chart.png Size: 28 KB
  • #359
  • May 10, 2015 11:44am May 10, 2015 11:44am
Exactly.

Definitely not a big deal but it would be nice to not even have to worry about opening the market watch window. I've seen it done with one other matrix type indi. It was cool because you could choose which template it used to open charts with
  • #360
  • May 10, 2015 1:36pm May 10, 2015 1:36pm
Quoting rudy5
.... I've seen it done with one other matrix type indi. It was cool because you could choose which template it used to open charts with
Being able to do that, or just those types of things in general, would be cool.
Hmmm ... hopefully you stumble upon that example again. I need to just google around it. Because whatever would allow it to do that would open a ton more possibilities.
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