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Mt4 Probability Meter
Posted:adminDownload expert: Download fonts: How to trade with FX_Multi-Meter_III.mq4 expert Old version 2: New in Version 3: * Bulls/Bears Power Meter. Analogue VU style meter displays the percentage of Bulls & Bears over a 1 - 5 bar average. * Multi-timeframe Bollinger Band Oscillator displays price position between upper and lower bands as percentage, with Breakout indicator.
The Probability Meter. For Use on MT4 platform only. How to decrypt the Probability Meter values? All values and colors have to be watched closely. Multi-Info+: more than 75 (red/green) for strong Up/Down trend 2.
* WPR oscillator can now be swapped with RSI oscillator. * Increased accuracy of History Line for historical data. Walther pp serial numbers chart. * Redesigned layout and appearance with black background, means the indicator can be loaded on a white chart. * Now sits in the foreground so trendlines will remain behind it. * Spread in points and Price adapted for different decimal accounts. * Bar% Meter improved by removing grey bars.
* Adjustable display position. * Audible signal Alerts. Download and Installation note ws perfect. What about Trading note? I mean, I installed it and it set itself beautifully on the right side of the chart.
Now million dollar question is - How to trade with it -- there are so many confusing signals and numbers. Can you please Focus on it and explain how to trade Confidently with this Multimeter. Which is Buy or Sell signal and how to gauge the strength of these signal with, say, 80-85% probability. I couldnt figure out really.
Thanks in advance.
The Probability Meter For Use on MT4 platform only How to decrypt the Probability Meter values? All values and colors have to be watched closely. Multi-Info+: more than 75 (red/green) for strong Up/Down trend 2.
Indice Strength: 0-1-2 for strong Down trend, 7-8-9 for strong Up trend, 3-4-5-6 for sideway 3. Currency pair range: range of 5 or more between the 2 currencies. Example: 7-2, 9-3 etc for a strong Up trend. 0-5, 2-8 etc for a strong Down trend.
4 and 5: red color for Down trend, green for Up trend and Orange for sideway The global value in percent (%) have to be watch closely and with experience you will have feeling. This value is the combination of the 5 values listed above. 75-80% is a good point for triggering a trade. Government Required Disclaimer - Commodity Futures Trading Commission: T rading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of experience and risk appetite. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell Forex futures or options.
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No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this website. The past performance of any trading system or methodology is not necessarily indicative of future results. NFA Required Disclaimer: Forex trading may not be suitable for all customers. Forex trading involves a substantial risk of loss. Simulated conditions may differ from real conditions and traders should not necessarily expect the same results from live trading. DISCLAIMER: The information on this site is for educational purposes only. Forex trading is a risky business!
The Probability Meter The Probability Meter gives the most probable way where the trend is going. Because it is based on current feed and is updated each coming tick, this is a great tool for scalping or short term trading style. The global result in percent (%) is calculated with a strong formula according to a combination of price action, 13 standard indicators on 7 timeframes and 2 additional indicators. Your 2 preferred mq4 trend indicators will be coded inside your personal Probability Meter.
