MBFX Timing Indicator

MT5 Free Download

Introduction to the MBFX Timing Indicator

The MBFX Timing Indicator 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.

The MBFX Timing Indicator fits all kinds of timeframes and currency pairs. It is displayed in a separate window placed just below the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

How does it work? How to apply in trading?

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

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 MBFX Timing indicator in MT5?

Installation Guide

Download the MBFX Timing.rar archive at the bottom of this post, unpack it, then copy and paste the MBFX Timing.mq5 or MBFX Timing.ex5 indicator files into the MQL5 folder of the Metatrader 5 trading platform.

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

File > Open Data Folder > MQL5 > Indicators (paste here).

Now go to the left side of your MT5 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.

Bottom Line

The MBFX Timing indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex indicators to try.