90# Mogalef Bands Trading System
Bands Forex Strategy
Submit by Joy22 03/05/2013
Time Frame 30 min;
Currency pairs:any;
Mogalef Bands (25 ,30).
What is the Mogalef Bands?
The Mogalef Bands are determined by three lines calculated by Eric Lefort:
1. The center line: is the weighted level of the price. This is the theoretical center of the range of trading.
2. The top line: is the theoretical value of the lowest 'high range.
3. The bottom line: is the theoretical value of the lowest 'low range.
The lines above and below take into account the inherent volatility of the financial instrument.
Long Entry
A buy signal is given when the price comes out of the lower band of Mogalef without causing the shift of the bands and CCI crosses up above or touches the top red line.
Short Entry
sell the signal will be given, this time, when the price comes out of the upper band without causing the displacement of Mogalef bands and CCI indicator crosses down below or touches the top red line
Exit position
Stop Loss 20 pips
Profit Target 15 -20 pips depends by currency pair.
Template mogalef bands
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