Using MFI as trade trigger
Author: buckeye50
Creation Date: 8/27/2009 4:01 PM
profile picture

buckeye50

#1

8/27/2009 4:01 PM

I am a new user. Developed trading strategy using MFI at 10 days with a buy at 45 and a sell at 70. Backtested results are very positive for my 20 portfolion of stocks. Would like to strenghen confirm buy/sell by adding another indicator. Tried 3 day MA and 3 day bar but neither seemed enhance results. Any thougths appreciated. Thank you.
profile picture

Eugene

#2

8/28/2009 2:34 AM

Just a word of caution. To provide an additional confirmation, try using a non-correlated indicator. For example, mixing RSI and MFI wouldn't make sense as if they're derived from the same information. There need to be some difference.
This website uses cookies to improve your experience. We'll assume you're ok with that, but you can opt-out if you wish (Read more).