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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