This is simple system namely 3 Stoch MaFibo trading system. This system is using standard indicators in Metatrader and we can use this system to know the
market condition and possible future direction of the trend movement, and for trading for example (template files are attached).
Example How to Trade
This is trading example using this system with some more explanation:
Example about How to Estimate the Market Condition
Trend following - Primary trend
Uptrend (bullish):
Downtrend (bearish):
So, concerning trend following way -
uptrend if
- signal line (dotted line) is below main line
&&
- both lines are growing
&&
- both lines are above level 50
downtrend:
- signal line (dotted line) is above main line
&&
- both lines are falling
&&
- both lines are below level 50
