I�ve been testing this demo with pairs other than GBP and I�m not doing so badly. AUD/JPY gave me good results. Yes, with decent risk management and without expecting miracles.
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I�ve been testing this demo with pairs other than GBP and I�m not doing so badly. AUD/JPY gave me good results. Yes, with decent risk management and without expecting miracles.
Everything sounds nice until you get into a range and liquidates you three times in a row. Have you thought about adding a volume filter or ATR to avoid consolidation inputs?
I've been following your tickets for several days and I have to admit the results are pretty consistent. Thanks for sharing it, I'm putting together a little spreadsheet with statistics.
Wouldn't it be better if instead of MFI you used RSI or some other more standard indicator? MFI tends to be more erratic in minor temporalities.
You should think about including alerts or a basic EA that at least reports when the conditions are met. Sticking to the chart all day is not feasible for everyone.
I still don't quite understand how you define the SL. Do you put it below the last swing or is it fixed? I find it key to know if the strategy can withstand volatile movements.
So many rules and no real clarity. It looks more like a recipe for cooking than a structured strategy. Where are the actual tests, the statistics, the backtests?
Your system gave me +55 pips in GBP/AUD yesterday. I only used MFI signals and dashboard. Simple but effective if managed well. Good job.
It's good for scalping, but swing trading is short. Signals are late on H4 or D1 and recoils are usually strong.
Thanks for the system. I think it could work well combined with price action, especially at key levels such as supports and higher resistances.
Have you tried this in Asian sessions? I get the impression that there MFI gives many false signals. In London or NY it seems to have better behavior.
As soon as I saw all the indicators of the same color, I knew this was one of those visually attractive systems, but with little real solidity.
MFI 0 or 100 seems to me a bit extreme criterion. Sometimes the price reverses before touching those levels. Maybe a 10-90 range will be more reasonable.
If it's your thing to look for extreme entry points, this system can work, but for someone who prefers quieter operations, it stays very aggressive.
I tried your strategy in EUR/NZD in M30 and it went well. The 50 in H4 crossing matches the general direction. I like it, I will continue using it a few more days.
The results are not consistent, but the structure I like. I�m trying to combine with a Supertrend trend filter and improves quite a bit.
All right with the system, but it would be great if you shared captures before and after each entry. So we could better see how to apply the rules in real time.
You lack a touch of humility. Find the best entry points as if you had discovered America. It provides real results, not slogans.
I'm adapting it with EMA 10 and 20 instead of EMA 5 shift 3. It gives me a little safer tickets and less noise. It's a matter of trying and adapting.
Inputs based on MFI work well when there is momentum. In ranges, the MFI reaches 0 or 100 and stays there without direction. Watch out for that.
The strategy is decent but highly dependent on market conditions. In news or macro events, it does not work. Maybe with a fundamental filter it will improve.
I was combining it with harmonic patterns and there seems to be synergy. MFI crosses 50 just when the formations are completed. Interesting.
You could set up a Telegram group for those of us who use this system, so we share tickets in real time and learn faster.
Beware of exotic pairs, this strategy breaks. A lot of spread and erratic movements. It works best with majors like GBP/USD, EUR/USD.
It wouldn't be bad if you put together a PDF with all the detailed rules. It's hard to follow them just by reading loose fragments in the thread.
I added a 30-pipe stop trailing and improved my success ratio quite a bit. It�s not just getting in well, it�s got to go well too.
Your system gave me +190 pips this week. I�m surprised, although I know it won�t always be so. Still, thanks for sharing it.
Do you realize that with those rules you're chasing the price? If all the indicators are already the same color, you're probably getting late.
Proposal: Why don't we create a MT4 template with everything already configured? It would be easier for new ones to apply the strategy correctly.
MFI is not very used and that makes it unpredictable at times. If it works, well for you, but I personally prefer indicators with more volume of studies behind.
Very visual strategy, ideal for novices who get lost with so much technical analysis. Although I personally prefer Price Action pure.
This looks like a color system for kids. But listen, if it gives money, why not? In the end what matters is the results, not if it looks nice.
I checked your captures and there are several entries I wouldn't have taken. Do you follow any subjective criteria besides the rules you mention?
I don't know why, but this system reminds me of those who sell courses online. I hope you're not setting up a Pilvax Academy for $997.
I was running it with fixed risk management of 1% per operation. In the long run, if the inputs are clean, it should work decently.
Lack of context. A technical input without fundamental backup or without knowing what event is in the calendar can end in disaster.
Is there any way to automate it? I would be interested in an EA that follows your basic rules to see how it performs in extensive backtesting.
Has anyone tried this with crypto? It may work on BTC/USDT if it adapts to temporalities such as H1 or H4.
Very good idea to cross MFI with direction of all the indicators aligned. But it is not new. It is a reinterpretation of the triple crossing systems.
Honestly, it seems too simplistic to me, but if it's working out for you, go ahead, just don't sell it like the holy grail.