Thread: Do you have this indicator ?

This is the probability meter :

http://www.tradingsystemforex.com/co...ity-meter.html

See on the website, everything is explained.

is it good to use

It's up to you to see. It depends on your way to trade.

Some traders have a trading system based on it, like this one :

If all indicators of the probability meter are green and if the percentage number is at least 75%, this on M5 M15 H1 H4 then buy. If all indicators of the probability meter are Red and if the percentage number is at least 75%, this on M5 M15 H1 H4 then sell. They added also exponential moving averages (EMA5, EMA8, EMA50 if I remember well), with a MACD 12-26-9 to have filters and they had a TP of 10 pips.

I have tried it but it didn't work for me. All colors and percentage can totally change in the following minutes and a TP of 10 pips without SL, its no't enough to recover the losses.

Try and let us know when you will have found a way to use it.

Originally Posted by q8m2002

can i but 4 of them in the same chart 1m 5m 15m-------------

No only one by chart.

Originally Posted by Pucio

Here is the indi

Pucio

Hello Pucio,

Welcome to this board,

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