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SEFC Trading System Indicator MT4

The SEFC Trading System Indicator for MetaTrader 4 (MT4) is a trend-following strategy that utilizes a suite of custom indicators to identify reliable entry and exit points in the forex market. Here’s a detailed overview:

Key Features:

Indicators Used:
- SEFC01: Daily Support and Resistance
- SEFC02: Candle Remaining Time
- SEFC03: Price Monitor
- SEFC04: Smooth RSI
- SEFC05: Crossed Moving Average
- SEFC06: SEFC Backbone
- SEFC07: Long Trend Meter
- SEFC08: Bull-Bear Meter
- SEFC09: Smooth Stochastic
- SEFC10: Dynamic Support and Resistance
- SEFC11: Alligator
- SEFC Bands1: Inside Bands
- SEFC Bands2: Middle Bands
- SEFC Bands3: Outside Bands
- Envelopes: Envelope Bands
Note: Some of these indicators may repaint; however, the Bollinger Band Stop alert indicator does not repaint, providing more reliable signals.
Time Frames:
- The system is versatile and can be applied to various time frames, including 15-minute, 30-minute, and 1-hour charts.
Currency Pairs:
- Suitable for major currency pairs such as EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CHF, GBP/JPY, EUR/JPY, and NZD/AUD.

SEFC Trading System Indicator

Trading Rules:

Buy Entry:
- Bollinger Band Stop Alert Indicator shows a green arrow (buy signal).
- SEFC10 forms a support line.
- SEFC05’s blue line crosses above the red line.
- SEFC084 indicator displays green bars, indicating bullish momentum.
- Filter 1 and Filter 2 indicators both show green bars.
Sell Entry:
- Bollinger Band Stop Alert Indicator shows a yellow arrow (sell signal).
- SEFC10 forms a resistance line.
- SEFC05’s red line crosses above the blue line.
- SEFC084 indicator displays red bars, indicating bearish momentum.
- Filter 1 and Filter 2 indicators both show red bars.
Exit Strategy:
- Exit the position upon an opposite signal from the Bollinger Band Stop alert indicator or set a profit target at a 1:1.5 ratio to the stop loss.
- Initial stop loss is placed at the previous swing high or low; active trade management is recommended.

Additional Considerations:

Minimum Deposit:
- The SEFC Trading System is a manual strategy and does not specify a minimum deposit requirement. Traders should adhere to proper money management principles and choose a deposit size that aligns with their risk tolerance and trading plan.
Risk Management:
- It’s crucial to practice proper money management, master discipline, and understand trading psychology.
- Avoid trading during unfavorable market conditions, such as low volatility periods or around high-impact news releases.

Conclusion:

The SEFC Trading System Indicator for MT4 offers a structured approach to trend-following by combining multiple indicators to filter out false signals and identify genuine trading opportunities. While the system is versatile across various time frames and currency pairs, traders should practice due diligence, backtest the strategy, and ensure it aligns with their trading style and risk tolerance.

Note: Always test any trading system on a demo account before applying it to live trading to ensure it suits your trading style and risk management preferences.