We all know what every trader wants. Every trader wants to have profitable trades! It is as easy and as straightforward as that.
While there are countless tools on the market promising that, the majority of them is cluttered and complicated. That is why we value simple yet effective tools designed to turn our trading into a money-making process we all want it to be. Just like Probability Meter Indicator does.
Indicator Description
Probability Meter Indicator is an easy-to-read tool that pulls data from 13 indicators across seven timeframes to calculate a global probability score. It shows percentage of probability of market moving up and down. The data is presented in a small clear table on the chart with all the necessary information and no extra rubbish.
With Probability Meter Indicator no time is wasted on complicated analysis. All the information is collected and examined for a trader’s convenience.
Probability Meter Indicator Installation
1. Unzip the file you’ve downloaded.
2. Find the file that is called “probability-meter-indicator.ex4″ and copy it.
3. Open your MT4.
4. Go to “File – Open Data Folder – MQL4”.
5. Paste the file into the “Indicators” folder in MQL4.
6. Restart your MT4.
After the installation, your trading chart will look like this:
Basic Trading Signals
Buy signals: enter if the Probability is above 75% (green).
Sell signals: enter if the Probability is below 25% (red).
A tip: confirm your trade with Multi Info+ field. If it is also either above 75% or below 25%, enter Buy or Sell trades accordingly.
My Conclusion on Probability Meter Indicator
In my opinion, Probability Meter is a great confirmation tool to use alongside your preferred indicators. You can never be too sure, and Probability Meter Indicator can be a great help in eliminating doubts that accompany trading process so often.
With the help of Probability Meter Indicator you can increase the overall win rate of your trades. Follow its data to enter only the trades with the highest chances of winning.
P.S. Have problems with installation? Email me at olivermurphy@altraforex.com or support@altraforex.com
I would love to help!
P.P.S. Check out software by Altra Forex Group here
Hello!
I’m very grateful for the Probability Meter and Secret Profit Levels indicators. The Probability Meter is proving incredibly useful, and I plan to implement it in my live accounts after a few more days of demo practice. I’m still working to understand the Secret Profit Levels. As I trade both FX and Futures daily, I’m curious if the Probability Meter is also compatible with Futures markets?
Hi thank you very much for your help, this indicator helped me a lot in Trading Day, i just downloded today n was testing several times, like 88% possitive, together with Secretprofitlevel, thank you very much again.
Leo