High Accuracy Advanced Forex MBFX Trading System with Nihilist Indicators

Trading Systems

Introduction to the High Accuracy Advanced Forex MBFX Trading System

The High Accuracy Advanced Forex MBFX Trading System with Nihilist Indicators utilizes the “buy low, sell high” trading approach.

It was designed to maximize your profit potential and minimize your risk. The risk to reward ratio is 2:1 most of the time.

This system fits all kinds of timeframes and currency pairs.

How does it work? How to apply in trading?

Trading Rules Explanation

Buy Entry
Enter long trade when the MBFX System indicator channel is pointing upwards. All Nihilist indicators should agree for a bullish trend and their bar colors should be green. The exact forex entry point will be provided by the MBFX Timing indicator. It should be in an oversold area (below 30 level), open trade after the MBFX Timing turns yellow. Set your stop loss at the previous swing low.

Sell Entry
Enter short trade when the MBFX System indicator channel is downward upwards. All Nihilist indicators should agree for a bearish trend and their bar colors should be red. The exact forex entry point will be provided by the MBFX Timing indicator. It should be in an overbought area (above 70 level), open trade after the MBFX Timing turns yellow. Set your stop loss at the previous swing high.

Exit Trade / Take Profit
Exit a trade at the touch of the opposite MBFX System channel band, or use your own method of trade exit.

In the top right corner of the chart you will find trade decision-supporting information, like spread (avoid trading when it’s high), pips to open, hi to low, and daily average.

As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.

How to set up the High Accuracy Advanced Forex MBFX Trading System in MT4?

Files Included

Indicators:

CandleCountdown.ex4
MBFX System.ex4
MBFX Timing.ex4
Nihilist_Trend_Filter_1.ex4
Nihilist_Trend_Filter_2.ex4
Nihilist_Ultra_Trend_V2.ex4
Signal_Bars_v3_Daily_2.ex4
Smoothed_HA.ex4

Templates:

Advanced-MBFX-System.tpl

Installation Guide

Copy and paste indicator files into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Similarly, copy and paste the template file to the Templates folder.

Now, right-click on the chart, hover over Templates. You will have displayed a list of available systems, left-click template name you want to run.

Bottom Line

The High Accuracy Advanced Forex MBFX Trading System is well worth adding to your trading collection but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, it will provide false signals occasionally. Its performance will vary significantly depending on market conditions.