The Smart mix of MFI indicator is a specialized algorithm for the MT4 trading platform. Using this algorithm, you will be able to quickly assess the situation that has developed on the trading chart at the current time, as well as identify the optimal moments for creating successful positions.
The considered algorithm is complex and includes such time-tested tools as RSI, Stochastic and MFI. Due to this feature, the considered algorithm is in fact a full-fledged trading system.
The signals of the described algorithm are displayed near the price level and have a different shade, which depends on the current market situation. Due to the maximum simplicity and clarity of the described algorithm, it can be recommended to all novice speculators who are just getting acquainted with the foreign exchange market.
The Smart mix of MFI indicator boasts a fairly high level of versatility, due to which its signals retain an acceptable level of accuracy on almost any time frame and currency pair.
To download the Smart mix of MFI indicator, use the link that you can see below.
Download the Smart mix of MFI indicator
Smart mix of MFI indicator. Optimization
The installation of the described algorithm is simple. Even if you are a beginner and do not have experience with similar tools, you can easily cope with this task. After starting the considered algorithm, a window with its parameters will appear in front of you.
The creators of the algorithm under consideration did not envisage the possibility of making any changes to the parameters that affect the correctness of its functioning. Thus, you will not be able to adjust the described algorithm to the chart of the selected asset.
If you wish, you can only adjust the shade of the curves that will be displayed by the algorithm in question on the trading chart.
It is extremely simple to use the described algorithm to make money on the foreign exchange market. You just need to transfer the Smart mix of MFI indicator to the chart of the selected asset and optimize it. Then you just need to wait for the next signal to appear and create a position in the desired direction.
As soon as the red line appears above the price level, you need to create a buy position. It is recommended to close this trade quickly after this line is completed. At the moment the blue curve appears below the price level, you need to create a sell position. It is recommended to close this deal promptly after this line is completed.
If you plan to get the maximum profit, then you can close deals not after the red or blue line completes, but only after the price turns and travels a certain distance in a direction that is unfavorable for you.
Despite the fact that the considered algorithm is, in fact, a full-fledged trading system, its use in tandem with additional technical tools will significantly increase your chances of getting a stable income. As additional tools, you can use arrow indicators that display the exact places to enter the market on the trading chart of the selected asset. To learn how to correctly optimize and apply the algorithm in question, use a demo account. Only after gaining experience and skills in applying the algorithm in question can you start the process of trading for real money.