The ATR is actually very easy, and the part the 99% try and use to predict where price is … 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. Nonsense of sharing automated systems/EA for different brokers 0 replies. No Nonsense Forex method is an indicator-based, trend-following method with defined money and risk management techniques (NNFX specifically scraps reversal trading). Alpari backtest data may be total nonsense!! Related pairs: NNFX recommends to avoid concurrent trades in related pairs. For instance if ATR was 60 pips, then the stop loss would be 90 pips. Forex Algorithmic Trading Indicators, Primary Entry Indicator No Nonsense Forex Algo from the No Nonsense Trader. Use of ATR: NNFX uses 14-period ATR for most of its measurements. NNFX scraps some of the most regarded indicators and concepts in forex trading. (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.). What I learned is the value of patience and rigid adhesion to your own rules. If you are unfamiliar with the NNFX strategy, you can consult it here: www.nononsenseforex.com. No Nonsense Forex has only been around since 2018, most people who have found the material didn’t do so until 2019, and the vast, vast majority of traders out there still don’t know we exist. Please do not throw basic questions at them, or questions which are already covered in the material. Trade the Daily time frame . It is an EA. After putting the whole system together, sat down to benchmark the various confirmation indicators, shrink it down to backtest individual confirmation indicators. 2, 4, and 5? Here we are giving you a summary of this method and potential set of indicators. Get our NNFX EA: https://www.forexrobotz.com/product/frz-nonnonsense-forex-strategy-ea/. 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. No nonsense forex method is an indicator based trend following method with defined money and risk management techniques nnfx specifically scraps reversal trading. And generally kick ass. NB: This includes third party indicators. By now you’re getting a feel for your indicators and you might change a few rules. There’s no need to take Vp’s word as gospel. It is a community full of traders who trade our way, and they can be very helpful IF you ask good questions. Time frame to use: NNFX strictly advises to use the daily charts. I have given you 3 pieces of the algorithm I use. Take profit: Take profit needs to be 1 x ATR. Love the ATR indicator . I've been watching/listening/reading content from NNF and wanted to hear some people's opinions about it. Your review *document.getElementById("comment").setAttribute( "id", "a2abfa9c957cd2de4d89d00f27aaacff" );document.getElementById("df3f7b53e0").setAttribute( "id", "comment" ); No Nonsense Forex Summary & Potential Indicators. The Baseline indicator is used to find possible entry points. And generally kick ass. No-Nonsense Trader's Trading Journal 1 reply. Won’t know unless you test it. An automatic trading system, just like other systems of trading, does not guarantee 100% revenue. So, it is the users who need to do their back testing and forward testing with different indicators & their settings combinations to decide on the final algorithm before going real money trading. Nonsense of sharing automated systems/EA for different brokers 0 replies. Filed Under: Forex Q&A Podcast, Indicators. Arbitrage - The no nonsense thread 10 replies. This EA is for testing No Nonsense Forex algos. The creator rightly acknowledges that it is a somewhat controversial approach to forex trading. 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. Whenever it finds an opportunity it will simply enter the trade. 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. Ignore the indicators that give us reversals . Just know at No Nonsense Forex, we… Trade trends, not reversals . Strategy for the NNFX Baseline Script - Moving Averages Does not enter when price is > 1 ATR away. 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. There are a few things to know when it comes to reading indicators, especially on the daily time frame. Required fields are marked *. If red look for a possible SELL. 10 replies News: NNFX recommends not to trade when there are high impact news due in next 24 hours. Dumb people cannot understand why. All the decisions should be taken considering the last closed candle and never based on currently forming candle. Divergence Indicator. NNFX is a strictly rule-based ... No. 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. Here we are giving you a summary of this method and potential set of indicators. Indicators & concepts that NNFX method specifically avoid. Alpari backtest data may be total nonsense!! Do NOT follow this link or you will be banned from the site. Lot size: NNFX recommends to use not more than 2% of the capital per trade based on stop loss. They are as follows…. This is not an indicator. No Nonsense Forex method is an indicator-based, trend-following method with defined money and risk management techniques NNFX specifically scraps reversal trading, no nonsense forex algorithm. Disclaimer. Stop Loss: Stop loss is set as 1.5 x ATR. No Nonsense Forex - angel or devil? You need to calculate the ATR based on the last closed candle. 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. Given here is a summary of the NNFX … When price crosses the baseline (a moving average) then either a green, red, or yellow dot will be drawn. Yes, half of my algorithm is designed to eliminate losses your Confirmation Indicator gives you. Does automated trading work? I have found nothing better than SSL channel Indicator and use Hull Moving Average as a … It’s that crucial. Your email address will not be published. NNFX ALGO TESTER is a tool to help traders backtest following the No Nonsense FOREX® strategy. Please do not ask me, instead, go to the No Nonsense Forex Discord Forum. Depth Of Market Indicator (Podcast Episode 43) April 22, 2019 by VP. No Nonsense Forex has helped me immensely. … Although automated foreign exchange trading systems do not guarantee 100% revenue, they can add to rewarding trades. 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. 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. :) More details below. The success rate in Forex trading is tragically low, and the education that was out there was one of the main causes. If green then look for a possible BUY. No Nonsense Forex method is an indicator-based, trend-following method with defined money and risk management techniques (NNFX specifically scraps reversal trading). For Our Regular Viewers . But is it … For instance if you have a trade in EURUSD, you shouldn’t enter a new trade that includes USD or EUR. Given here is a summary of the NNFX method. Here we are giving you a summary of this method and potential set of indicators. double top, head & shoulder, harmonics, etc. Adapted the "Many Moving Averages" script to VP's NNFX No Nonsense Forex method. ). 10 replies No-Nonsense Trader's Trading Journal 1 reply. I have the ATR and understand the 1.5 Ratio. All they do, is take the losses your Confirmation Indicator gives you, and attempts to eliminate most of them, without eliminating the wins. Given here is a summary of the NNFX method. 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). The programmer is not affiliated in anyway with the original creator of No Nonsense Forex® Strategy and this software has not been endorsed by the original creator of No Nonsense Forex… Find out which exit indicator is best during this step. And a great Forex Volume Indicator … Divergence (momentum, trend) & trend lines (S&R, entry, exits): a divergence indicator like the RSI, MACD, or AO, provides valuable information on whether the trend and … It also helped me to question/review the indicators I am using and actually test the results. It is a community full of traders who trade our way and they can be very helpful if you ask good questions. 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" NNFX algorithm/method includes 6 types of indicators as given below: In a nutshell, a trade is entered when all the 5 indicators agree with the trade. This one is based on the No Nonsense Forex way of trading. Arbitrage - The no nonsense thread 10 replies. https://www.forexrobotz.com/product/frz-nonnonsense-forex-strategy-ea/, Stochastics (NNFX scraps overbought/oversold concepts altogether), Chart patterns (E.g. Maybe your algorithm is more profitable without a baseline. We proudly use lagging indicators to trade here at No Nonsense Forex. What does the ATR Indicator Do? There is no need to review trades as the EA considers a lot of signals and data analysis from indicators. Yet, there were still professional technical traders making money in their professions before 2018, and they continue to exist today, doing consistently well with things like support and resistance and the RSI. This is why I created No Nonsense Forex. With this EA you can test your algos much faster than eyeballing, using Soft4x or using any other EAs in Strategy tester. ATR; Confirmation Indicator; Exit Indicator 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. Also known as the DOM indicator, the Depth Of Market indicator attempts to tell us where most of the trading action is taking place. That is an extreme advantage. Trailing stop is activated only after the price has moved 2 x ATR from the trade entry price. The remaining balance can be closed by the opposite signal from base line, 1st confirmation, 2nd confirmation or exit indicator. So let’s explain it to them. I follow No Nonsense Forex, but I am finding it hard to find good indicators to complete the Algorithm. Maybe you don’t need a 2nd conformation indicator. Go here instead. FRZ No Nonsense Forex Strategy EA is based on the popular NoNonsense Forex Method (NNFX). Results for 24 periods way better than 10, then again it's only one pair. VP has never disclosed the actual indicators and their settings that he is using. Different brokers 0 replies on the No Nonsense Forex //www.forexrobotz.com/product/frz-nonnonsense-forex-strategy-ea/, Stochastics ( NNFX ) forming candle best this... Results for 24 periods way better than 10, then the stop loss entry price high impact news due next. Indicator-Based, trend-following method with defined money and risk management techniques ( NNFX specifically scraps reversal trading ) it... Of signals and data analysis from indicators is designed to eliminate losses your confirmation indicator gives you much faster eyeballing! 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