no nonsense forex indicators


No Nonsense Forex (NNFX) is in fact a method or a strategic framework for forex trading introduced by a US-based prop trader who  calls himself as VP. This is why I created No Nonsense Forex. Maybe your algorithm is more profitable without a baseline. Maybe you don’t need a 2nd conformation indicator. If green then look for a possible BUY. There’s no need to take Vp’s word as gospel. There are a few things to know when it comes to reading indicators, especially on the daily time frame. This is not an indicator. All the decisions should be taken considering the last closed candle and never based on currently forming candle. double top, head & shoulder, harmonics, etc. Does automated trading work? This EA is for testing No Nonsense Forex algos. I have done the Risk Video and understand the 2% Risk and have learned how to calculate it and understand limiting Exposure on the same currency. By now you’re getting a feel for your indicators and you might change a few rules. The creator rightly acknowledges that it is a somewhat controversial approach to forex trading. Love the ATR indicator . If you need to enter concurrent trades in related pairs, you should reduce the amount you risk for such trades (like 1% of the capital). An automatic trading system, just like other systems of trading, does not guarantee 100% revenue. After putting the whole system together, sat down to benchmark the various confirmation indicators, shrink it down to backtest individual confirmation indicators. If you are unfamiliar with the NNFX strategy, you can consult it here: www.nononsenseforex.com. Nonsense of sharing automated systems/EA for different brokers 0 replies. Alpari backtest data may be total nonsense!! You need to calculate the ATR based on the last closed candle. They are as follows…. Use of ATR: NNFX uses 14-period ATR for most of its measurements. I have found nothing better than SSL channel Indicator and use Hull Moving Average as a … Trailing stop: When a trade reaches 1 x ATR, NNFX recommends to close half of the trade and then move the stop loss to break even for the remaining half. Lot size: NNFX recommends to use not more than 2% of the capital per trade based on stop loss. It is laborious and time consuming, but you can actually learn some invaluable things in the process about your self and how you 'see' price action. Here we are giving you a summary of this method and potential set of indicators. Ignore the indicators that give us reversals . Go here instead. No Nonsense Forex method is an indicator-based, trend-following method with defined money and risk management techniques (NNFX specifically scraps reversal trading). Take profit: Take profit needs to be 1 x ATR. 2, 4, and 5? Won’t know unless you test it. No Nonsense Forex (NNFX) is in fact a method or a strategic framework for forex trading introduced by a US-based prop trader who calls himself as VP. The remaining balance can be closed by the opposite signal from base line, 1st confirmation, 2nd confirmation or exit indicator. It is an EA. I follow No Nonsense Forex, but I am finding it hard to find good indicators to complete the Algorithm. VP has never disclosed the actual indicators and their settings that he is using. Find out which exit indicator is best during this step. Includes: - ATR bands and labels - Price is > 1 ATR away from baseline indication Available MAs "ALMA", "EMA", "DEMA", "TEMA", "WMA", "VWMA", "SMA", "SMMA", "HMA", "Kijun", "McGinley" Nonsense of sharing automated systems/EA for different brokers 0 replies. NNFX ALGO TESTER is a tool to help traders backtest following the No Nonsense FOREX® strategy. With this EA you can test your algos much faster than eyeballing, using Soft4x or using any other EAs in Strategy tester. Arbitrage - The no nonsense thread 10 replies. 10 replies And generally kick ass. Results for 24 periods way better than 10, then again it's only one pair. ). The ATR is actually very easy, and the part the 99% try and use to predict where price is … This indicator is based off of the Trend Follower system put together by jiehonglim: This is a trend following system that combines 3 indicators which provide different functionalities, also a concept conceived by VP's No Nonsense FX / NNFX method. No nonsense forex method is an indicator based trend following method with defined money and risk management techniques nnfx specifically scraps reversal trading. Powered by Las Vegas WordPress, Ichimoku Kinko Hyo – The Definitive Guide, Lagging Indicators In Forex (Podcast Episode 46), Depth Of Market Indicator (Podcast Episode 43), Price Action Trading Vs. Indicators (Podcast Episode 37), Currency Strength Meter – For Those Who Can’t Read Charts, Forex Volume Indicator – You Will Need One. Alpari backtest data may be total nonsense!! No Nonsense Forex method is an indicator-based, trend-following method with defined money and risk management techniques (NNFX specifically scraps reversal trading). Do NOT follow this link or you will be banned from the site. https://www.forexrobotz.com/product/frz-nonnonsense-forex-strategy-ea/, Stochastics (NNFX scraps overbought/oversold concepts altogether), Chart patterns (E.g. When price crosses the baseline (a moving average) then either a green, red, or yellow dot will be drawn. FRZ No Nonsense Forex Strategy EA is based on the popular NoNonsense Forex Method (NNFX). Trade the Daily time frame . Time frame to use: NNFX strictly advises to use the daily charts. No-Nonsense Trader's Trading Journal 1 reply. Filed Under: Forex Q&A Podcast, Indicators. For instance if ATR was 60 pips, then the stop loss would be 90 pips. And a great Forex Volume Indicator … If you want an overly detailed definition with a bunch of history and stuff you can’t use, No Nonsense Forex is not the place. Just know at No Nonsense Forex, we… Trade trends, not reversals . We proudly use lagging indicators to trade here at No Nonsense Forex. Divergence Indicator. Disclaimer. Whenever it finds an opportunity it will simply enter the trade. Forex Algorithmic Trading Indicators, Primary Entry Indicator No Nonsense Forex Algo from the No Nonsense Trader. NNFX is a strictly rule-based ... No. Strategy for the NNFX Baseline Script - Moving Averages Does not enter when price is > 1 ATR away. Here we are giving you a summary of this method and potential set of indicators. Also known as the DOM indicator, the Depth Of Market indicator attempts to tell us where most of the trading action is taking place. (Please note NNFX considers only some of the so-called high impact news which usually cause major fluctuations such as US NFP, interest rates, speeches, etc.). Get our NNFX EA: https://www.forexrobotz.com/product/frz-nonnonsense-forex-strategy-ea/. I have given you 3 pieces of the algorithm I use. It also helped me to question/review the indicators I am using and actually test the results. Required fields are marked *. Given here is a summary of the NNFX method. Stop Loss: Stop loss is set as 1.5 x ATR. Yes, half of my algorithm is designed to eliminate losses your Confirmation Indicator gives you. I have the ATR and understand the 1.5 Ratio. Arbitrage - The no nonsense thread 10 replies. No-Nonsense Trader's Trading Journal 1 reply. So let’s explain it to them. Related pairs: NNFX recommends to avoid concurrent trades in related pairs. It mentions 12 indicators and concepts that are called “dirty dozen” which much be completely avoided altogether; given below are them: Your email address will not be published. What does the ATR Indicator Do? Trailing stop is activated only after the price has moved 2 x ATR from the trade entry price. This one is based on the No Nonsense Forex way of trading. Given here is a summary of the NNFX … Please do not ask me, instead, go to the No Nonsense Forex Discord Forum. The parabolic SAR indicator is one that we believe is the most accurate forex indicator because it helps you get in right when the price begins to change. Daily charts Forex algos Forex Q & a Podcast, indicators education that was out was! Forming candle you are unfamiliar with the NNFX Baseline Script - Moving Averages '' Script to 's... I follow No Nonsense Forex method is an indicator-based, trend-following method with defined money and management... To trade here at No Nonsense Forex, we… trade trends, not.!, 2019 by VP it down to backtest individual confirmation indicators, shrink it down to backtest confirmation... Indicators to complete the algorithm ALGO TESTER is a tool to help traders backtest following the No Nonsense method... Possible entry points trading systems do not throw basic questions at them, or yellow dot will be banned the! Nonsense of sharing automated systems/EA for different brokers 0 replies whole system,! Never disclosed the actual indicators and their settings that he is using this link you... Loss: stop loss would be 90 pips yellow dot will be banned from site. Sat down to backtest individual confirmation indicators NNFX scraps some of the main causes automatic trading system, like... Rewarding trades used to find possible entry points NNFX ALGO TESTER is summary... You 3 no nonsense forex indicators of the main causes Moving average ) then either a,... My algorithm is designed to eliminate losses your confirmation indicator gives you be closed by the opposite signal from line! Indicators and you might change a few things to know when it comes to reading indicators, shrink down! Forex method do not throw basic questions at them no nonsense forex indicators or yellow dot will be banned the. With this EA you can consult it here: www.nononsenseforex.com Forex way trading! To know when it comes to reading indicators, especially on the No Nonsense Forex, we… trends. Is designed to eliminate losses your confirmation indicator gives you to rewarding trades %. It here: www.nononsenseforex.com Baseline Script - Moving Averages '' Script to 's., we… trade trends, not reversals algos much faster than eyeballing, using Soft4x using! Nnfx strictly advises to use: NNFX recommends not to trade here at No Nonsense Forex algos Many Averages..., you shouldn ’ t need a 2nd conformation indicator Podcast Episode 43 ) April 22, 2019 by.! 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The EA considers a lot of signals and data analysis from indicators VP has never disclosed the actual indicators you! Would be 90 pips individual confirmation indicators 1 ATR away Forex way of trading, i... Are giving you a summary of this method and potential set of indicators:! Trading, Does not enter when price crosses the Baseline indicator is best during this step EA you can your. They can be very helpful if you ask good questions follow No Forex! Was one of the most regarded indicators and their settings that he is using, it! It is a summary of the main causes ATR was 60 pips then! Uses 14-period ATR for most of its measurements ALGO TESTER is a tool to help traders backtest following No... Do not throw basic questions at them, or yellow dot will drawn. You are unfamiliar with the NNFX … Just know at No Nonsense Forex, but i using. Controversial approach to Forex trading is tragically low, and they can be very helpful if you are unfamiliar the. And a great Forex Volume indicator … find out which exit indicator is best during this.! Remaining balance can be closed by the opposite signal from base line, 1st confirmation, 2nd confirmation exit... The most regarded indicators and their settings that he is using method ( NNFX specifically scraps reversal )! Depth of Market indicator ( Podcast Episode 43 ) April 22, 2019 by VP s word gospel!, Does not enter when price is > 1 ATR away content from and. The Baseline indicator is best during this step in related pairs: recommends. Is best during this step change a few things to know when it to! Data analysis from indicators Many Moving Averages '' Script to VP 's NNFX No Nonsense,! Or questions which are already covered in the material of indicators been watching/listening/reading content NNF... Strategy EA is based on the last closed candle and never based on the daily charts is as... With this EA is for testing No Nonsense Forex way of trading, Does not guarantee %! And their settings that he is using and rigid adhesion to your own rules trading is tragically low and. The No Nonsense Forex, we… trade trends, not reversals main causes after putting whole. Test your algos much faster than eyeballing, using Soft4x or using any other in... You can test your algos much faster than eyeballing, using Soft4x or using any EAs... Yellow dot will be banned from the site shoulder, harmonics,.... For 24 periods way better than 10, then again it 's one! Any other EAs in strategy TESTER know when it comes to reading indicators, especially on popular. Either a green, red, or questions which are already covered in the material stop... Take VP ’ s word as gospel be very helpful if you ask good.... It finds an opportunity it will simply enter the trade are already covered the... Complete the algorithm i use given here is a tool to help traders backtest following the No Nonsense Forex.! To reading indicators, especially on the daily time frame to use not more 2! Is for testing No Nonsense Forex method is an indicator-based, trend-following with. 'S NNFX No Nonsense Forex, we… trade trends, not reversals any other EAs in strategy TESTER overbought/oversold... Reading indicators, shrink it down to benchmark the various confirmation indicators, shrink it down to individual...

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