Download Mostafa Belkhayate trading system for MT4 free of charge on the AtoZ Markets Trading tools directory. Mostafa Belkhayate trading system is based on the center of gravity assumption and gave 80% winning ratio results during our testing. The system is compiled of Forex predictor indicator and two-timing oscillators.
Mostafa Belkhayate trading system is for MT4. Traders can use the MBFX trading system with almost any currency pair and timeframe. Although during our testing we have found out that the best timeframe is H1.
How to trade with Mostafa Belkhayate trading system?
The Belkhayate Barycenter MT4 indicator in blue color on the price chart represents the center of gravity. 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 centerline while the following lines are deviations based on the golden ratio of 1.618. Traders should use the remaining two Belkhayate Timing and MBFX Timing oscillators 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 centerline. However, if you enter in the trend direction, you can use the further grey line as your 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, you can set stop loss levels at either above or below the subsequent deviation line, nearby support or resistance level, or according to your personal trading rules.
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 bottom.
- 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 is the name of the developer behind the Mostafa Belkhayate trading system. AtoZ Markets does not carry any copyrights over this trading tool.
This indicator was last updated on 03 March 2020 by Amandeep Sonewane