Best
Forex
System
About BF_System
BF_System is multi-symbol and multi-time frame system based on MetaTrader 4.
Designed and implemented by several very large Forex market analysts.
The way this system works is a very strong process method, which, after forming a
trend in each time frame, issues a signal in that time frame, and based on the
calculations that the system performs, finds the best return point of a correction
and announces the entry point.
This feature makes the BF_System an unrivaled system among Forex signal
systems.
Very high success rate
Work on all time frames
Work in all currency pairs
Strong management dashboard
Easy to use and user friendly
Hide operational complexities from the user
Lots of signals and user choice for trading
No need for the user to monitor the market
And many other features that are unique to the BF system
Configuration:
Copy the Best_Forex_system. Ex4 to this path of
MT4: File/Open Data Folder/MQL4/Indicators
Copt the Scanner.tpl to this path:
MT4: File/Open Data Folder/ templates
Refresh your Navigator list to add indicator to indicators.
Go to
Attach to a chart.
Go to input tab
Set the fields same the below picture.
You can delete any time frame that you don’t need
For example MN1, W1, M1 or etc.
Click ok to open your dashboard.
The system read all of Market Watch list
Then if you don’t need any symbol you must delete it from market watch and add
any symbol that you need before you add indicator to chart.
When the signal is issued, just click on the button in the dashboard to enter the
chart and the analysis will be displayed.
When we enter the chart, we have to check the following conditions to enter the
trade, if it is established, we will enter the trade.
We use Moving Average 13 and 50 settings.
And Momentum 100.
1-
A) Buy:
At the moment of the signal, the low that is formed should be higher than the
previous low.
Like the figure
Also, the High that is formed should be larger than the previous High. (where it is
indicated by a triangle).
The second Low, close to the red moving, is the entry point for the buy position.
B)
At the moment of the signal, the high formed should be less than the previous High,
Like the figure
Also, the Low that is formed should be less than the previous low
The second high, close to the red average, is the entry point of the sell position.
2-1- for buy positon
In higher timeframes (for example, if we are in 1 minutes, 5 minutes time), the price
of its previous candle must be above the red moving, the blue moving must be
above the red moving and the momentum must be above 100. (All condition must
be met.)
2-2- for sell position
In higher timeframes (for example, if we are in 5 minutes, 15 minutes time), the
price of its previous candle must be below the red moving, the blue moving must
be below the red moving and the momentum must be below 100. (All condition
must be met.)
3- determine SL
In buy position
SL, lower than the previous Low, provided it has reached the red moving average.
In sell position
The SL, above the previous high, provided that it has hit the red moving average.
4-
Determine TP:
To determine the profit point
We use one of the following two ways
4-1- The size of the lower low to the upper high for purchase (or the size of the
upper high to the lower low for sale)
As we can see in above picture TP point is: Is equal to the distance A to B.
As we can see in above picture TP point is: Is equal to the distance A to B.
4-2- For sell position
Return 161.8% of fibonacci retracement from bottom Low point to entry point (for
selling position)
In above picture, tp is equal: 161.8% of point 1 to point 2.
For buy position:
Return 161.8 of Fibonacci retracement from the high point to the entry point (for
buying position)
In above picture, tp is equal: 161.8% of point 1 to point 2.
5- A complete sample of the buy signal.
A) Signal issued
Entry point is higher valley
B) Determine SL
Sl is bellow of lower valley
C) Determine TP
Tp is equal distance of A to B
Or tp is 161.8% of B to C
