by Warhead
Tf: M30&H4
Pair:GBPJPY(preferred)
Technique used:Forex Mbt+hedging
Broker: IKOfx
1. how to use Forex Mbt System?
a. 8 dots (red & blue) : indicate H4 major trend
b. 8 arrows (red & blue) : indicate H4 major trend
c. Single big dot (cyan & magenta) : indicate current trend
d. Bollinger band (16)
e. RSI(14)
f. MACD(3,26,4)
g. Pivot line
h. Oasis strength meter
Step by step using Forex MBT system M30:
1. Find 8dots/8arrows (either one or both of them)
2. Find big dot (either cyan or magenta)
3. Confirm the trend by referring to RSI & MACD.
4. Bollinger band just to detect sideway market
5. Pivot line: to know nearest S&R
6. Oasis meter: to know current strength of the pair
msg: These are the things you need to look for before decide for ENTRY!!!!
When to make an Forex ENTRY??
Forex:BUY situation:
eg: blue 8dots/8arrows already there on the chart. all you need to do is waiting for big dot cyan to appear on your chart.(always enter post on the next cs after big dot cyan appeared). If after blue 8dots/8arrows appear, but big dot magenta appear instead of big dot cyan,don't sell!! it just a minor retracement before the price will continue to go up...wait till another big dot cyan appear, then you can make another entry buy.
Simplified tips for BUY: entry buy when big dot cyan appear + blue 8dots/8arrows ALREADY appeared.
Forex:SELL situation:
eg: Red 8dots/8arrows already there on the chart. all you need to do is waiting for big dot magenta to appear on your chart.(always enter post on the next cs after big dot magenta appeared). If after red 8dots/8arrows appear, but big dot cyan appear instead of big dot magenta ,don't buy!! it just a minor retracement before the price will continue to go down...wait till another big dot magenta appear, then you can make another entry sell.
Simplified tips for SELL: entry sell when big dot magenta appear + red 8dots/8arrows ALREADY appeared.
DOWNLOAD Forex:MBT SYSTEM below
MBT System.rar
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