Probability Meter Need Help

Trading Systems
1

I am trying to find out some information on the Probability Meter and if any traders have used this method. Or a good source where I can get more information on it.
Thank You

2

all i did was google it. i never heard of it before to tell you the truth but here goes. btw there are tons of search results if you google it.
http://http://www.ervent.net/

3

Thanks Johnnykanoo, I will go through google, just wondering if anybody has had sucess with this indicator. :slight_smile:

4

You can find lots of FREE MT4 INDICATORS … just google “FREE MT4 INDICATORS”

A couple are what you are looking for :wink:

5

Thanks TheRumpledOne, found out alot about it, I went a head and got it. I will see how good it works when the market opens Sunday night.:slight_smile:

6

Definatly let us know how it works. I hope it makes you lots of pips!!!

7

Great trading tool, as promissed I definantly beleive this is one of the best indicators I have come across in my three years of trading.

8

So how are you getting on with this, I find it only gives me the signs at the end of a trend :frowning:

9

Which time frames are u trading. I have good luck with the Meter it is great for scalping and day trading. I usually enter a trade at 70-75% on the 1 or 5 min charts. And get some pips. Also it is a good idea to know where and what levels the trend is heading… Example: Murrey math lines are good for knowing what levels the trend is. Also cam lines and SDX are good indicators to have on your chart along with the Probability Meter.
I have attached these indicators and pdf manuals on how to use them
He has great success with it…
Also if you scalp always scalp with the long term trend like the daily or weekley scapl on dips…
:slight_smile:

10

Hi, firstly thanks a lot for the above, may I ask what pairs you are using the above on? and yes I am aware of that trader, it is he who got me interested in it, amazing results

Thanks

11

I trade mostly eur/usd and the pound. For scalpinmg eur/usd is the best as far as a 2 pip spread. The spread makes a big difference when scalping. Every pip counts. It just takes alot of patiance and waiting for the right signal to get into a trade… And again so important to know where your zones are like murry math lines, cam lines etc. I posted those indicators feel free to try them out. Here they are again. Hope this helps.
Happy Trading…:slight_smile:

12

That’s sweet! :cool:

I’ve been demo trading using camarilla points with the ADX indicator for the past month or so and have been having pretty good results daytrading on the 1HR targeting 15-30 pips per trade on any pair.

With vacations & socializing over summer, I think I’ll keep practicing this until Fall and if the success continues, I’ll take it Live!

Thanks for the indicators…will check them out!

:slight_smile:

13

Here is a good example of how important Murrey Math lines are:
as you can see it hit the 2/8 and is reversing… So you might have a good sell signal from the Probability Meter but you would have to wait for a breakout of the 2/8 murrey math line… And as you can see it broke through the yellow sdx with no problem. So a break out of the sdx usually means a strong trend. And then it broke through the 3/8 murruey math line with no problem.

Also I includid the signal bars indicator, this is from the same author as the Probability Meter, You can see it in the right hand upper part of my chart.

14

You are welcome and you are going about it the right way. Keep trading a demo untill you are ready. So many new traders jump right in and loose money, there will allways be trades. Going live does tend to bring out emotions, panic, over trading and so on. The best thing is to trade your demo as if it were real money. :slight_smile:
Good luck

15

Thanks for all the help and advice, may I ask if you are trading live with this now? and how well are you doing?

16

I am trading a demo account, at this time I am going to go live next month.
Iam doing real good with the Probability Meter mostly scalping 10-15 pips per trade or less depending on the market. It takes some getting use to but it is my favorite indicator.

17

fxtrading24 hows the probability meter going? I downloaded those 2 indicators and they look great if they work i just havent had the time to really check them out. i read the pdfs and it seems like they would work well for reverses and continuations. I hope you can keep us posted how you are doing. thanks, john

18

fxtrading24 how do u use the Signal_Bars_v71 indicator, what does pips to open mean

19

Isn’t the probability meter a for sale indicator? Looks like a gorilla marketing here.

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2011 NITRO+ Probability Meter