Forex indicators, strategies and news - iForex Indicator

Smart way to use indicators

  • facebook
  • google
  • twitter
  • rss
  • Home
  • Forex Indicators
    • MT4 Indicators
    • MT5 Indicators
      • more mt5 indicators
  • Forex Strategies
  • Brokers
  • Articles
  • Forex eBooks
    • Forex Books for Beginners
    • Forex Books about Trading Psychology
    • Money Management Forex Books
    • Forex Strategy Books
    • Books about Forex Market in General
  • More
    • FMTI Announcements
    • Forex Indicators Guide
    • MetaTrader Help Centar
  • Forex Advertise
  • Premium Membership
Home » Mandrake System

Mandrake System

by Dave Posted in Forex Strategies

Forex market, like any other market, works in a very simple way. It accumulates in a certain area for awhile, and once the accumulation is over, it advances to a certain distance until distribution starts. Some technical analysts say that Relative Strength Index and Stochastic Oscillator are the trading tools which a trader simply can’t live without.

Traders usually suffer when the market is flat. Their indicators may give false signals due to lack of volume-volatility. Mandrake system works on EUR/USD, GBP/USD, USD/CHF and AUD/USD. You can use any short-term time frame depending on your trading style but I prefer M15 charts.

Please have a look at the chart below:

mandrake system

Important things to remember before you use this system to trade:

• Be careful if there is a strong support(or resistance) nearby.
• Do not trade right before an important data release.

Trading Rules:
Buy Signal:
-EMA Angle must be green
-All Mandrake indicators have to be dark blue.

Sell Signal:
-EMA Angle must be yellow
-All Mandrake indicators have to be red.

Here is another example:

mandrake2
Profit Target: 25-30pips.
Stop Loss: 20 pips.

Download Mandrake System indicators and templates

Download include:

  • MA_Angle.ex4
  • Mandrake iTrend1.ex4
  • Mandrake RSI.ex4
  • Mandrake Stochastic.ex4
  • mandrake system.tpl

Filed Under: Forex Strategies Tagged With: Mandrake System

← Previous Fractal Support & Resistance Levels MT4 Indicator
Next Gann Power System →

Comments

  1. forexchoice gh says

    February 24, 2014 at 7:17 pm

    great system I use it for binary options cause am interested in next candle as you know and it works perfect I give 5 stars

  2. Kevan Allison says

    March 18, 2014 at 7:42 pm

    How does one load this into MT4?

    • Kieran Noel says

      May 9, 2014 at 10:35 pm

      Hello Kev,
      I do hope this will help you. First of all you will need to close down your MetaTrader4 platform.
      Next, after clicking on the Mandrake System Indicators and Template download link you will see a folder with the name mandake-system. Click on it and five files will open up. These files will have to be extracted to either your desk-top or documents folder.
      1) MA_Angle.ex4
      2) Mandrake iTrend.ex4
      3) Mandrake RSI.ex4
      4) Mandrake Stochastic.ex4
      5) Mandrate system.tpl

      Here is what you should do next.
      1) Extract each of these files by right clicking on each file and selecting ‘Extract to the specified folder’ . Click on that and an Extraction path an options box will open up.
      2) Next click on Desk top which appears at the top and press the ‘OK’ button.
      3) Check your Desktop and there you will see your mandake –system
      4) You will now need to copy and paste all the files to your brokers platform.
      5) Copy all the files only with the ex4 extension to your indicators folder.
      6) Here is what to do.
      7) Click on Mycomputer, Click on Drive c,- Program Files and search for your Mt4 Broker there. My one is ‘Fxcm MetaTrader4’
      8) When you find your broker click on it and a page will open up
      9) You will then need to look for your Indicators folder , this might involve clicking on a few other folders before you find it.
      10) Next, paste your copied ‘ex4’ files to that page. There should be four altogether.
      11) Next, copy your last file which is the ‘mandrake system .tpl

      to your templates folder. You will see this folder when you open up your Brokers folder under Program Files.
      You should by now have copied all these files across:-
      Next, load up your brokers platform and at the top row next to a clock symbol is the Templates symbol, click on the arrow next to it and there you will see ‘Mandake system’
      All you have to do now is to click on it and this will load the system onto your chart.

      Good luck

      Kieran

    • Hercules Whocares says

      November 20, 2014 at 6:18 am

      stop being an absolute novice, one of those idiots who puke on every thread but dont want to do a simple search! go do your research you imbecile, leave threads alone for only REVIEW OF SYSTEM comments!

  3. Arnold Nazarro says

    March 20, 2014 at 8:09 am

    How does this work on binary options? what timeframe?

  4. Cesar Ruiz says

    April 2, 2014 at 4:46 am

    Does anyone has this indicator in MQ4 version?

Members only!

You are not currently logged in.








» Register
» Lost your Password?

Categories

  • All Topics (206)
  • Articles (8)
  • Books (4)
    • Forex Strategy (3)
  • Expert Advisors (2)
  • Forex Indicators (215)
    • MT4 Indicators (203)
    • MT5 Indicators (13)
  • Forex Strategies (51)
    • Forex Strategy Guide (9)
    • Pullback Strategies (1)
  • Market News (7)
  • More (20)
    • FMTI Announcements (9)
    • Forex Brokers MetaTrader (1)
    • Forex Indicators Guide (8)
    • MetaTrader Help Centar (3)
  • Scalping (2)
fmti logo Share:
Tweet

Contact | Forex Advertise

Website

  • Home
  • Become Member
  • Forex Advertise
  • Contact us
  • About Us

Explore

  • Forex Brokers
  • Trading Strategies
  • Forex Indicators
  • Trading eBooks

Follow Us

  • Facebook Page
  • Google Plus Profile
  • FMTI Twitter Profile
  • RSS Feeds

Translation


by Transposh - translation plugin for wordpress