The MBFX Breakout System is a dynamic breakout forex strategy based on the I-regression indicator and the MBFX timing indicator as a filter. The trading system is very simple to trade with, you should simply enter the market when the price candle breaks and close above or belove the of the i-regression curve, plus the MBFX timing is oversold or overbought with the green line for buy or the yellow line for sell.
Time frame: 30 min or higher, best is 4H.
Currency pairs: majors or minors.
Metatrader 4 indicators included and their settings:
I-Regression slow 2, 0.25, 100.
MBFX Timing default setting.
How to trade with MBFX Breakout System?
Buy signal
Open long trade when the following conditions are met:
The price action close above the upper band of the i-regression channel with yellow candle. The MBFX timing indicator line is green and reached the oversold area.
Place initial stop loss on the previous low swing.
Profit Target ratio 1:1 of stop loss or more.
Sell signal
Open long trade when the following conditions are met:
The price action close below the lower band of the i-regression channel with red candle. The MBFX timing indicator line is yellow and reached the overbought area.
Place initial stop loss on the previous high swing.
Profit target ratio 1:1 of stop loss or more.
Related:
mbfx timing indicator
mbfx system
MBFX Breakout System Free Download.
To download the MBFX Breakout Trading System for Metatrader 4 (MT4) for free just click the button below:
