140# Master Probability with Gann HILO MTF

Submit by Joker

Time Frame 5 min or higher

Currency Pairs all.

Indicators:

Master Prob

MTF Gann HILO Setting for 5min: (5 period, 60 min TF).

 

Long Entry

The Master Probability number shows the overall probability of the direction of trend above MTFGann HILO. Therefore, when looking for a long entry we need to confirm that the master probability is at least greater than 20 and price above MTF Gann Hilo indicator.
A Small Square on the chart shows a sharp turning point, it indicates that the previous trend is exhausted and prices might go in the other direction. Once you have deployed the indicator you will wait until a new square appears. A green square indicates that the price is expected to move up.

EXIT

STOP LOSS
Set stop loss 10-20 Pips below the recent dip or trend box low and Set Stop loss below or 5 pips below MTF Gann HILO
TAKE PROFIT
Ratio 1.5 - 2 Stop Loss. (if stop loss is 12 pips Target Profit is 18 0r 24 pips)

Exit also when Master Probability is equal to or less than 0.

SHORT ENTRY
Short entry rules are the opposite to long entry rules.
Master Probability numbers show the overall probability of the direction of trend. Therefore, when looking for short entry we need to confirm that the master probability should be less than -20 and price below MTF Gann Hilo indicator.

A small Square on the chart shows a sharp turning point, it indicates that the previous trend is exhausted and prices might go in the other direction. Once you have deployed the indicator you will wait until a new square appears. A Red square indicates that the price is expected to move down.

EXIT

STOP LOSS
Set stop loss 10-20 Pips below the recent dip or trend box High and Set Stop loss above, or 5 pips above MTF Gann HILO.
TAKE PROFIT
Ratio 1.5 - 2 Stop Loss. (if stop loss is 12 pips Target Profit is 18 0r 24 pips)

Exit also when Master Probability is equal to or less than 0.

 

Entry also on the Breaks MTF Gann HILO (up Buy) and (down Sell) if master probability is >25

 

 

In the pictures Master Probability forex system in action.

 

Share your opinion, can help everyone to understand the forex strategy.

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Comments: 1
  • #1

    yagoosunsoo (Friday, 06 December 2013 04:00)

    where is the "trend box" indicator?

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