90#  Mogalef Bands Trading System

Bands Forex Strategy

Submit by Joy22 03/05/2013

 

Time Frame 30 min;

Currency pairs:any;

 

Metatrader Indicators:

CCI (period 11),

Mogalef Bands (25 ,30).

 

What is the Mogalef Bands?

The Mogalef Bands are determined by three lines calculated by Eric Lefort:

1. The center line: is the weighted level of the price. This is the theoretical center of the range of trading.

2. The top line: is the theoretical value of the lowest 'high range.

3. The bottom line: is the theoretical value of the lowest 'low range.

The lines above and below take into account the inherent volatility of the financial instrument.

 

Long Entry

A buy signal is given when the price comes out of the lower band of Mogalef without causing the shift of the bands and CCI crosses up above or touches the top red line.

Short Entry

sell the signal will be given, this time, when the price comes out of the upper band without causing the displacement of Mogalef bands and CCI indicator crosses down below or touches the top red line

 

Exit position

Stop Loss 20 pips

Profit Target 15 -20 pips depends by currency pair.


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Mogalef Bands Trading System
Mogalef Bands Trading System
Mogalef Bands Trading System
Mogalef Bands Trading System

Mogalef Bands indicator mt4

Mogalef Bands forex indicator mt4
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MogalefBands 4.rar
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