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