Last Updated on May 15, 2025 by Tim Morris

Abid Method Forex Trading System

The Abid method is based on the envelope and stochastic indicators. This system uses the major currency pairs and can work within a 4-hour timeframe. The stochastic is a simple momentum oscillator that can help identify overbought or oversold in the certain currency pairs.

MT4 Indicators:

• 1 Envelope (24, MA Simple, Close 0,38);
• 2 Envelope (24, MA Simple, Close 0,23);
• 3 Envelope (24, MA Simple, Close 0,62);
• 4H chart Stochastic (8,8,13);
• 1H chart Stochastic (14,8,13);
• 15 and 30 min char Stochastic (21,8,13);
• Money flow index (MFI) period 21;
• Relative strength index (RSI) period 14 ;
• William’s percent range (%R) period 35.

Short Entry:

1. Red dot Shi_silvertrend must appear.
2. The trend encounters with resistance (any level of band) or end of the sugarush wave as a sign of exhaustion level, which means that the pair is suitable for selling;
3. The level of the stochastic is at the overbought level and the stochastic cross;
4. %R confirm the overbought level.
5. RSI and MFI confirm the overbought level.

Long Entry:

1. The trend is likely at the end of the sugarush wave or finds strong support level.
2. The blue dot of Shi_silvertrend must appear.
3. The level of the stochastic is at the oversold level and waiting for the cross.
4. The %R confirm oversold level.
5. The RSI and MFI confirm the oversold level.

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