The down side to MTF is that it can just add extra filters that mean that trades may be higher quality but you get less quantity.
This is only your point of view. I know many discretionary traders that use MTF analysis to trigger their orders, this is what their strategies rely on, they don’t mind having less trades because this is how their strategies were built.
The good point of MTF is to now have the capabilities to interact with orders between 2 candlesticks. Orders management are now at a big step further than they were until now! No more waiting for a daily candlestick to Close to move a stoploss to breakeven or to take a partial profit! 😉
