You can now download the Mostafa Belkhayate trading system for free on AtoZ Markets indicators gallery. Mostafa Belkhayate trading system is based on the center of gravity assumption and has over 80% winning ratio. The system is compiled of Forex predictor indicator and two-timing oscillators.
MBFX trading system can be applied on any currency pair and timeframe. Although the most commonly used timeframe is H1.
How to trade with Mostafa Belkhayate trading system?
The Belkhayate Barycenter indicator displayed on the price chart represents the center of gravity, which is drawn as a blue line. The space between the two green and red lines represent the area where to buy and sell, while area defined by two grey lines is neutral.
This indicator uses a mathematical formula of polynomial nonparametric regression to calculate the centre line while the following lines are deviations based on the golden ratio of 1.618. The rest two Belkhayate Timing and MBFX Timing oscillators are used for confirmation.
Whenever the price reaches either the sell or buy areas based on Belkhayate Barycenter indicator, we would look for the timing to be between 8/4 levels and above 70 in order to sell and between -4/-8 and below 30 to buy.
In both long and short cases, take profit will be the blue centre line. However, if entered in the direction of a trend, further grey line could be used as a second TP. Hence, to increase profitability, it would be advisable to enter the market in the direction of Belkhayate Barycenter center of gravity.
The example above proves the point, out of 3 counter trend orders only 2 were successful. You can't beat the trend, thus be more cautious and use right risk management when taking counter trend orders. Meanwhile, stop loss levels could be set at either above or below the subsequent deviation line, nearby support or resistance level, or based on your personal analysis.
How to download and install an indicator?
In order to install the indicator on your MT4 platform, you need to follow these steps:
- Click on “Download Indicator” button located at the top right corner of the screen.
- Save the file to your computer.
- Extract and move the files into MT4>Indicator folder of the MetaTrader4 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- And select “Mostafa Belkhayate trading system” template to apply it on the chart.
Note: Mostafa Belkhayate trading system was developed by Mostafa Belkhayate and was sent by an AtoZMarkets follower from the Netherlands, AtoZMarkets does not carry any copyrights over this trading tool.
This indicator was last updated on 06 May 2019 by Amandeep Sonewane