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.
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.
Red dot Shi_silvertrend must appear.
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;
The level of the stochastic is at the overbought level and the stochastic cross;
%R confirm the overbought level.
RSI and MFI confirm the overbought level.
The trend is likely at the end of the sugarush wave or finds strong support level.
The blue dot of Shi_silvertrend must appear.
The level of the stochastic is at the oversold level and waiting for the cross.
The %R confirm oversold level.
The RSI and MFI confirm the oversold level.
How to install Abid Method Forex Trading System?
Download Abid Method Forex Trading System.zip
Copy mq4 and ex4 files to your Metatrader Directory / experts / indicators /
Copy tpl file (Template) to your Metatrader Directory / templates /
Start or restart your Metatrader Client
Select Chart and Timeframe where you want to test your forex system
Right click on your trading chart and hover on “Template”
Move right to select Abid Method Forex Trading System
You will see Abid Method Forex Trading System is available on your Chart