Mogalef Trading ... Eric Lefort's package

Description

The Mogalef Trading package created by trader Eric Lefort consists of three components: 6 break-out patterns, 6 indicators (including divergence signals) and the Mogalef bands. This package was designed and programmed by Eric Lefort for the WHS FutureStation Nano platform. It is worth mentioning that all the tools in this package can be used on any financial instrument (forex, indices, commodities ...).

Click here to buy the Mogalef Trading package in the webstore

The package in detail

Eric Lefort is known for his proprietary versions of patterns which he uses to identify break-outs. Particularly his unique bullish and bearish trendline break-out system enjoys a good following. Recently Eric Lefort added triangle and wedge break-out patterns. These six patterns (bullish and bearish trendline, triangle and wedge) are the first component of the Mogalef Trading package.

 

This example shows three bullish trendline break-out signals (candle closes above the green line).

These signals can be applied to any instrument which is in a bullish trend.

More information about this system can be found here. Read in the forum about a trading group which uses these signals.


 

This example shows three bearish triangle break-out signals.

These signals can be applied to any instrument which is in a bearish trend.


 

This example shows a bullish wedge break-out signal.

These signals can be applied to any instrument which is in a bullish trend.

Eric Lefort also developed two proprietary indicators: STPMT and Repulse. In order to get signals from his indicators, Eric added divergences. These two indicators and their signals are very popular. Eric Lefort also uses these four more traditional indicators and has added divergences so they can be used for signals: RSI, CCI, Macd and Stochastics. The 6 indicators and their divergence signals make up the second component of the Mogalef Trading package.

 

This example shows Eric Lefort's own Repulse indicator and its divergences.

This indicator can be used for signals.


 

This example shows Eric Lefort's own STPMT indicator and its divergences.

This indicator can be used for signals.


 

This example shows the Macd indicator and its divergences.

This indicator can be used for signals.

The third component of the Mogalef Trading package are the Mogalef Bands. The Mogalef Bands indicate, according to Eric Lefort, the most likely trading range (price channel) for a financial instrument. The bands draw the zone within which the market price is most likely to evolve. Additional information about the Mogalef Bands can be found here.

 

This example shows the Mogalef Bands for the Dax index.

When the upper band is crossed and the market is in a negative trend, a short sell can be considered. The first yellow arrow indicates such a scenario. The position is closed with a loss.

When the lower band is crossed and the market is in a positive trend, a buy can be considered. The second yellow arrow indicates such a scenario. The position is closed with a profit.

Click here to buy the Mogalef Trading package in the webstore

Practical implementation

If you are not yet familiar with the NanoTrader Full please visit the quick start page.

Getting started

Activate the tools you wish to use. Right-click in your account the instrument you wish to trade and select the relevant tool in the E.Lefort folder.

Where desired you can change the value of parameters in the DesignerBar. For example:

Parameter values can also be changed directly in the chart (click the relevant value and use the mouse wheel or the keyboard):

Tools which provide, for example, automated stop and target orders when a position is opened, require you activate the TradeGuard beforehand. This can be done via the button in the chart:

Click here to buy the Mogalef Trading package in the webstore