The strength of BE system - MT4/MT5 resources

The latest version of what we've done here starts with post number 464

Update: While the system described in the first post was profitable, I believe I have improved it significantly after 34 .

This system is only possible because of the use of BE . Additional MM will also increase the amount of money in your pocket.

This system uses only 2 indicators... They will be at the bottom of this article. I will also post the .set file and the .tpl file.

I'm going to post three charts showing trading examples, one of which will have a modified version as an option. (They are backtest trades).

The system is simple enough and the winning rate is good.

The rules are as follows;

Step 1 Wait for the closing price to be above/below Bollinger Bands (not Bollinger Bands). A variation of this step is to also include touching with the wick. (will be shown in chart example).

Step 2 Find a candle with a point in the direction you want to trade.

Step 3 Only open a trade if the closing price is above (sell) or below (buy) the center line...if the center line is hit at all, no trade is made.

Step 4 Once the candle closes beyond the center line, it moves to BE (this is the power behind this system).

Step 5 : Close the trade when the candle closes outside the opposite range. A variation of this step is to close after the candle closes beyond the second set of bands (as shown in the chart example). SL was not used in these tests. If after entering the trade the candle closes (before reaching BE) back outside the area we were trading, I would close the trade.

That's it! ! ! !

The first two charts are the Daily Gold chart (shows trades covering 4 years) and the 1M Gold chart (shows trades covering 1 full day)

Trades with an asterisk are those that can be made with just the touch of a wick.

I've added the results separately for each variant.



The next chart is a daily chart of EURUSD with 4 years of trading.

It differs from the other charts by including a second set of bands with smaller band deviations. These adjusted transactions are in Aqua. The idea is to close on candles that close beyond these lines. (These auxiliary lines are only used for closing trades).