MBFX Timing Indicator
Platform: MT4 Type: Oscillator Last update: August 31, 2024The MBFX Timing Indicator is a custom forex oscillator indicator that is a part of the well-known forex “MOSTAFA BELKHAYATE” system and it provides great entry and exit points (based on overbought and oversold market levels). What’s more, the MBFX Timing Indicator shows micro trends.
Explaining the mbfx timing readings
The MBFX Timing indicator could be compared to a classic stochastic oscillator as it works on a similar principle. You can use the indicator for scalping, swing trading, and trend trading.
You can also supply the MBFX Timing indicator to your proven best forex trading system or strategy as an additional confirmation of trade entries and exits. As always, to achieve good results, remember about proper money management when trading with this or any other forex indicator.
You can find the simple trading rules of the indicator explained below:
Look for buy trade opportunities when:
- the MBFX Timing line reaches the oversold zone (low levels of the scale)
- late confirmation is line color change to yellow
Look for sell trade opportunities when:
- the MBFX Timing line reaches the overbought zone (high levels of the scale)
- late confirmation is line color change to yellow
Entry signals are really powerful with this indicator, and it is a great starting point to develop your own trading system. You can even trade successfully using price action, patterns, and trendlines plus these entry points.
