MBFX Timing Indicator (MT4) - Free Download - Best Forex Indicators

Introduction to the MBFX Timing Indicator

The MBFX Timing indicator for Metatrader 4 (MT4) is a custom forex trading indicator that is a part of the well-known forex “MOSTAFA BELKHAYATE” system and it will provide you great entry and exit points (based on overbought and oversold market levels).

How does it work and how to apply in trading?

The MBFX Timing indicator could be compared to a classic stochastic oscillator as it works on a similar principle. You can use the indicator for scalping, swing trading, and trend trading.

You can also supply the MBFX Timing indicator to your proven best forex trading system or strategy as an additional confirmation of trade entries and exits. As always, to achieve good results, remember about proper money management when trading with this or any other forex indicator.

You can find the simple trading rules of the indicator explained below:

Look for buy trade opportunities when:

the MBFX Timing line reaches the oversold zone (low levels of the scale)
late confirmation is line color change to yellow

Look for sell trade opportunities when:

the MBFX Timing line reaches the overbought zone (high levels of the scale)
late confirmation is line color change to yellow

Entry signals are really powerful with this indicator, and it is a great starting point to develop your own trading system. You can even trade successfully using price action, patterns, and trendlines plus these entry points.

How to set up the MBFX Timing indicator in MT4?

Installation Guide

Copy and paste the MBFX Timing.ex4 or MBFX Timing.mq4 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, that goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Now go to the left side of your MT4 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 but remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, it will provide false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it.