Here I test the profitable Money Flow Index indicator trading strategy 100 times to show the real results. I test on the 5 minute charts of Bitcoin, Ethereum, and …
24 Comments
Thanks for sharing! is the length of MFI 14? or you changed it?
@Trade Pro, i just realised something,all of your videos are invalid because you arent using the 1% risk you use to calculate,you put your stop loss at previous HIGHS AND LOWS instead of 1 percent,rendering all your calculations INVALID
Hi 👋 nice video. Let me ask you one question. While trading on 5min or 15min or whatever TFrame is, should I consider higher timeframe also??? Don't I need higher timeframe for major trend direction so that I can trade accordingly on lower timeframe???
Two other thoughts, it be interesting to test it as a zero line Cross instead of the overbought over sold levels as well as incorporating a two or three times ATR stop loss to remove any subjectivity
hi, mate. thanks for the new video. as soon as i check this video and went to check this on the real chart. i see this one cant touch oversell zone above the 200EMA but when its below the 200EMA, there are many trading signals. so what is your suggest in this senario? only do the short trade or its acceptable that enter LONG the trade near the oversold MFI say (25) and above the 200 EMA?
Winner Winner – Chicken Dinner! I had a feeling that one was going to be a good one. Thanks for doing this again. As we used to say in the 90's — "You da man!"
Thanks for sharing! is the length of MFI 14? or you changed it?
where should i start like from scratch, im dedicated to put my time and effort into learning and understanding all of this.
I don't understand why some squares are red on top and green below
I found many false signal using mfi 14, maybe you can test mfi 50 with 50 line instead mfi 14 ob os. I found less signal and more realible
3:25 that backtest is a disaster…
How much price data did you have to go through for your 100 trades?
@Trade Pro, i just realised something,all of your videos are invalid because you arent using the 1% risk you use to calculate,you put your stop loss at previous HIGHS AND LOWS instead of 1 percent,rendering all your calculations INVALID
what were your settings for the mfi indicator?
HEY!!! …………… !!!!!!!!! ADD A LITTLE MORE ECHO TO YOUR AUDIO IT'LL COMPLETELY USELESS THEN
How do I setup or use a MFI?
I mean is there software that I can buy thats plugged into market data that does it, does it require i set filters or fill out fields to make it work?
What do you mean by sharpening it?
My mind is blown. Such a simple tactic and yet such a good return. Thank you for all your dedication :))
Maybe only for Crypto
No signals on Forex Majors
Can i ask how many months did it take to find 100 signals?
Please what is the settings for MFI is it 14?
I've been binge watching your videos. Thank you for doing this for us the amateurs
Hmm I wonder if there is something better than the 200 ema, anyone have a better baseline?
very nice video as always
Plz tell as per ur backtesting
Which indicator gave u higher results
And what the # if it’s long? Above 200 Ema
Hi 👋 nice video.
Let me ask you one question. While trading on 5min or 15min or whatever TFrame is, should I consider higher timeframe also??? Don't I need higher timeframe for major trend direction so that I can trade accordingly on lower timeframe???
Please clear this confusion. Thank you
I found more signals with MFI at 7
Two other thoughts, it be interesting to test it as a zero line Cross instead of the overbought over sold levels as well as incorporating a two or three times ATR stop loss to remove any subjectivity
Thank you a lot for this video! Was the mfi on default settings?
hi, mate. thanks for the new video. as soon as i check this video and went to check this on the real chart. i see this one cant touch oversell zone above the 200EMA but when its below the 200EMA, there are many trading signals. so what is your suggest in this senario? only do the short trade or its acceptable that enter LONG the trade near the oversold MFI say (25) and above the 200 EMA?
Winner Winner – Chicken Dinner! I had a feeling that one was going to be a good one. Thanks for doing this again. As we used to say in the 90's — "You da man!"