In the world of Forex trading, having the right tools can be the difference between a profitable trade and a missed opportunity. One such tool that stands out is the MFI Modern PRO, a forex indicator designed to give traders an edge in the market. Letโs delve into its features, operation, and how it can be a game-changer in your trading strategy.
Unpacking the MFI Modern Pro
The MFI Modern Pro is an advanced version of the standard MFI indicator. It has been upgraded to display clouds at the intersection of several levels and draws arrows when the formation of each cloud is completed. These clouds are zones signaling overbought or oversold situations that are about to end, thus providing critical points to Buy or Sell.
One of the key features of the MFI Modern Pro is the built-in volatility filter, designed to enhance the accuracy of entry points. Furthermore, the indicator has been thoroughly backtested, showing a high accuracy rate of entries.
Indicator Performance and Effectiveness
Based on 11 years of trading data, the MFI Modern Pro has demonstrated an impressive performance. Approximately 6.5 to 7 out of every 10 trades using this indicator are profitable. This profitability is achieved by strictly following the signals generated by the indicator.
Uniquely, the indicator is designed to generate an exit signal for the previous trade whenever an opposite signal is produced. For instance, a red arrow (sell signal) also serves as an exit signal for the previous green arrow (buy signal). This feature is vital in ensuring profitable trades, even in market fluctuations.
Besides, the indicator is flexible and can be used in conjunction with other trading tools for enhanced profitability or solely for long-term profitability.
Easy Generation of New Sets
One of the striking features of MFI Modern Pro is the ability to easily generate new sets. The indicatorโs default settings are for EUR/CAD H1. However, if the arrows are not visible with any set file, adjustments can be made in the settings to accommodate different trading scenarios.
Complimentary EA with Purchase
In a bid to enhance the trading experience, purchasing the MFI Modern PRO comes with a bonus Expert Advisor (EA). This EA is designed to work in conjunction with the MFI Modern PRO, further simplifying the trading process. However, itโs worth noting that the EA is not for sale separately but comes as a bonus for MFI Modern PRO customers.
FAQs
What is the MFI Modern PRO?
MFI Modern PRO is a forex trading indicator that provides buy or sell signals based on overbought or oversold market situations.
How accurate is the MFI Modern PRO?
The MFI Modern PRO has been thoroughly backtested and shows a high accuracy rate of entries. Itโs reported that 6.5-7 trades out of 10 are profitable with this indicator.
How can I get the bonus EA?
The EA is offered as a bonus when you purchase the MFI Modern PRO. It is not sold separately.
Interested traders can watch independent testing of the MFI Modern PRO on the forexroboteasy.com website and subscribe for updates on the results of this productโs testing.
We invite readers who have used the MFI Modern PRO to share their experiences. This will help provide a more comprehensive and real-world understanding of the productโs performance and effectiveness.
Please note that this is an independent product review. The views expressed herein are based on the productโs description and performance data and do not necessarily reflect the views of the productโs manufacturer or distributor.
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