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.
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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.