MBFX SYSTEM

Started by CAJUN, May 13, 2011, 12:38 am

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CAJUN

May 13, 2011, 12:38 am Last Edit: May 17, 2015, 11:38 pm by odysseus11
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Came across this system today, haven't purchased it yet, checking to see if anyone is using this system, looks very easy to use. Can be used for Scalper, Day Trading and Long Term Trading.

CAJUN
    "The return (OF) you money is more important than the return (ON) your money!"

    advertise here


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    cuinicu

    #1
    May 13, 2011, 01:24 am Last Edit: May 13, 2011, 01:27 am by cuinicu
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    I am sure I have seen this indicator before somewhere can't remember where or what  it was called though.

    Cheers


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      chairman

      #2
      May 13, 2011, 02:55 am
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      We got it a few days ago, did enough demo trades to feel happy with it, now using it on a real account. It's doing exactly what it promised (i.e. making money) so far.

      The documentation is awful but there's not a lot to figure out - just cherry pick the perfect setups (it works on most pairs and most timeframes so there is always something cooking) and make sure they are still setups when it redraws the lines after the candle you've been watching completes.

      Gary


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        cutman

        #3
        May 13, 2011, 04:36 am
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        Hello chairman, great to hear. I have also bought it a few days ago and seemed to have picked the losers. I have been trading the 15m charts and wait for the candle to close first after the indicator turns yellow, as I found that it repaints.
        You mention that you cherry pick your trades, would you care to elaborate, as I have been taking the trades as they come according to the basic rules, if price touches the green or red, the indicator turns yellow I take the trade, and close the trade as price hits the blue line..

        Cheers.


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          CAJUN

          #4
          May 13, 2011, 08:26 am
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          According to there website it's as simple as that, sell red - buy green and close blue. I am very interested in this but it seems like i am getting mixed reviews.

          CAJUN
            "The return (OF) you money is more important than the return (ON) your money!"


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            CAJUN

            #5
            May 13, 2011, 08:28 am
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            chairman, what time frames are you trading on, is it scalper, day trading or long term or all of the above. Which timeframe does it work best on.

            CAJUN
              "The return (OF) you money is more important than the return (ON) your money!"


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              jrwaters67

              #6
              May 13, 2011, 08:03 pm
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              I am sure I have seen this indicator before somewhere can't remember where or what  it was called though.

              Cheers


              Not 100% sure, but it looks similar to the CoG (Center of Gravity) indicator.


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                agathos23

                #7
                May 14, 2011, 03:42 am
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                I am sure I have seen this indicator before somewhere can't remember where or what  it was called though.

                Cheers


                Not 100% sure, but it looks similar to the CoG (Center of Gravity) indicator.


                You're right since both the CoG system and MBFX were both designed by Mustapha Belkhayate anyhow.


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                  Matuka1968

                  #8
                  May 14, 2011, 09:47 am
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                  Hello,

                  I use this sytem. 4 hour timeframe work well. I made 270 pips last week in AUDUSD, NZDUSD.

                  Matuka1968


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                    CAJUN

                    #9
                    May 14, 2011, 09:50 am
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                    Hello,

                    I use this sytem. 4 hour timeframe work well. I made 270 pips last week in AUDUSD, NZDUSD.

                    Matuka1968

                    Thanks for the report, is this on demo or live and how long have you been using it. Do you ever notice false signals, etc.

                    Good Luck
                    CAJUN
                      "The return (OF) you money is more important than the return (ON) your money!"

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