High Accuracy Advanced Forex MBFX Trading Indicator 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. As a result, the risk-to-reward ratio is 2:1 most of the time.

High Accuracy Advanced Forex MBFX Trading Indicator System

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 on a bullish trend, and their bar colors should be green. The MBFX Timing indicator will provide the exact forex entry point. It should be in an oversold area (below the 30 levels), 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 on a bearish trend, and their bar colors should be red. The MBFX Timing indicator will provide the exact forex entry point. It should be in an overbought area (above 70 levels) and 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 opposite MBFX System channel band’s touch, or use your trade exit method.

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 must master discipline, emotions, and psychology. It is crucial to know when and when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility, beyond major sessions, exotic currency pairs, wider spread, etc.

How can the High Accuracy Advanced Forex MBFX Trading System be set up 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, and hover over Templates. You will have displayed a list of available systems; left-click the template name you want to run.

Bottom Line

The High Accuracy Advanced Forex MBFX Trading System is well worth adding to your forex trading collection but remembers to have realistic expectations. Like any other technical analysis tool, it cannot provide accurate signals 100% of the time. Thus, it will give false signals occasionally. Its performance will vary significantly depending on market conditions.