mbfx system

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Christiaan

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hello guys

here is a system you might find intresting.I myself has only begun trading it so i'm not saying that it works.Still here is my very first trade.The system is simple once price has reached the green or red lines or bands you buy or sell when the timing indicator confirms it by turning yellow.

It the picture i entered the trade when it was yellow for a couple of minutes.Though it took the whole day it finally reached the blue line which is my profit target.The guy that coded the system says to expect a 90 % accuracy rate on the 1hr frame.We will see

These bands will make slight adjustments as the day goes on.My orginal target of 1.05250 was reached but in the pic it's 2 pips lower.I notice that the bands adjusted and now it seems that price never reached the green bands but when i entered the trade it did bounce off it with a spinning top
 

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today i had my 3rd winner.That's 3 in a row which i think is a good start.This system has a uncanny ability to predict price reversals.Other people on another forum also happy with it.
 
Christiaan said:
here is a system you might find intresting.I myself has only begun trading it so i'm not saying that it works.
Click to expand...

Who in their right feckin mind trades a system without determining that it at least worked in backtest ?

Seriously, posts like this make me question the morality of the way I make my living.
 
the hare said:
Who in their right feckin mind trades a system without determining that it at least worked in backtest ?

Seriously, posts like this make me question the morality of the way I make my living.
Click to expand...


i'm trading it at a very low risk less than 1% to be excact.The risk is so low it can almost be considered to be demo trading.I like this system but i have only begun testing it.I'vwe got a couple of people that's testing it with me and all of them get good results.Though i'm off to a good start it will be some time before i start to trade it seriosly with the purpose to make real money.I think that people can learn a good lesson when they hear stories of how people blew their account in a matter of days.

Have sensible risk management is that not one of the very first things that you learn?I have learned that lesson well
 
Christiaan said:
Have sensible risk management is that not one of the very first things that you learn?I have learned that lesson well
Click to expand...


Trading a completely unverified system on anything other than a demo account is complete insanity, its the complete opposite of sensible risk management !

:LOL:
 
I cannot lose more than 1$ per trade.I make 2$ for every winning trade which means i'm up 6$.Wow i wonder if i can buy a movie ticket.Like i said it's bassically the same as demo trading.

I might as well switch to a demo account.Maybe trading a live account with such low risk is the real joke ha?But i've grown tired of demo trading it feels more real with real money even though it is so little.Completly in the mind i guess
 
Happy to see there are some people that is intrested in this system.With my first four trades all winners i might be trading it exclusively one of these days.But first i'm going to put away time for a renko system and a piont and figure system and will be posting some of my live trades.

Sure to be intresting to say the least
 
KengKing said:
Repaints like hell
Click to expand...

The bands do adjust as price keeps moving it has to.It does not repaint like some of those arrow systems that gives you those big 100% perfect trades that only a complete rookie would fall for but instead as price moves it discards it's old data and draw the lines that are you need to look at currently.

Meaning that you can never spot potentail trades by looking at it's past data the way you can with arrow's systems because the bands adjust so that you can see where you can get a potentail trade right now.
 
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Christiaan said:
The bands do adjust as price keeps moving it has to.It does not repaint like some of those arrow systems that gives you those big 100% perfect trades that only a complete rookie would fall for but instead as price moves it discards it's old data and draw the lines that are you need to look at currently.

Meaning that you can never spot potentail trades by looking at it's past data the way you can with arrow's systems because the bands adjust so that you can see where you can get a potentail trade right now.
Click to expand...



What time frame are you using Christiaan?
 
tinkering with this thing. it does seem to provide good entries with the trend, even though it replots, changing retroactively, so you cannot trust fully the way it looks on history. Countertrend - forget it.

Its so bad countertrend that today it did not even show the failed long entries in EURUSD downtrend - due to replotting it appears no longs would have been signaled, where in realtime a trader would have had about three stop outs buying the green line.

Following Relative Strength, or following the slope of the MBFX lines can keep you on the right side of the trend and only take signals in that direction. With these caveats, this indicator may be a decent low risk entry setup.
 
Hello guys,
I just started using this system and it seems good.
Do you still use it? Which timeframe? Did you add some other indicator to make it work better?
Thanks for the tips.
 
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