MBFX Timing Indicator

Platform: MT5 Type: Oscillator

Last update: September 23, 2024

The MBFX Timing Indicator for MT5 is a forex oscillator providing the best time to enter and exit the market. The indicator was originally developed by Mustapha BELKHAYATE. The MBFX Timing is best used to identify price extremes and then time the potential turning points.

The way it works is similar to the Relative Strength Index, as values range from 0 to 100 level, with values below 30 or 20 signaling overselling and values above 70 or 80 warning of overbuying. The green color shows upward momentum in price and red shows downward momentum. It is pretty easy to use so both beginners and advanced forex traders can try that MBFX Timing indicator.

How to use MBFX timing in practice?

Trading Rules Explanation

As we mentioned earlier, the MBFX Timing Indicator is an oscillator. It means when the price reaches an oversold state, it’s time to enter a long trade. Conversely, when the price reaches an overbought state, it’s time to enter a short trade. In the examples below, we have used it in conjunction with the 100-period Exponential Moving Average indicator.

Buy Signal

Follow these steps for a long trade:

The price should float above 100 EMA
The oscillator should drop below 30 level
Then it should reverse and rise above 30 level
Oscillator line should be green
Buy trade is triggered after the above conditions are met
Set stop loss a few pips below the last low point of the market
Take profit or exit trade whenever the MBFX Timing provides opposite signal or use your own preffered method of trade exit

MBFX Timing Indicator MT5 Example of Buy Trade

Sell Signal

Follow these steps for a long trade:

The price should sail below 100 EMA
The MBFX Timing oscillator should rise above 30 level
Then it should reverse and drop below 30 level
Oscillator line should be red
Sell trade is triggered after the above conditions are met
Set stop loss a few pips above the last high point of the market
Take profit or exit trade whenever the MBFX Timing provides opposite signal or use your own preffered method of trade exit

MBFX Timing Indicator MT5 Example of Sell Trade