No Nonsense FOREX Traders - #NNFX has 3, members. This group is for traders following VP’s No Nonsense FOREX podcasts and YouTube channel. We’re here for socializing, networking, support, sharing experiences, sharing ideas, learning, etc No Nonsense Forex (NNFX) is a technique or method for forex trading which is established by an American trader whose known as VP. No Nonsense Forex method is a trend following indicator. No Nonsense Forex Indicator (NNFX) Introduction. No nonsense forex Indicator have techniques of the determined money and risk control. Best Shoes Reviews 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. No Nonsense Forex method is an indicator-based, trend-following method with defined money and risk management techniques (NNFX specifically scraps reversal trading)
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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.
No Nonsense Forex method is no nonsense forex indicator-based, trend-following method with defined money and risk management techniques NNFX specifically scraps reversal trading, no nonsense forex.
Here we are giving you a summary of this method and potential set of indicators. Given here is a summary of the NNFX method. In a nutshell, a trade is entered when all the 5 indicators agree with the trade. All the decisions should be taken considering the last closed candle and never based on currently forming candle. VP has never disclosed the actual indicators and their settings that he is using, no nonsense forex. Use of ATR : NNFX uses period ATR for most of its measurements.
You need to calculate the ATR based on the last closed candle. Stop Loss : Stop loss is set as 1. For instance if ATR was 60 pips, then the no nonsense forex loss would be 90 pips. 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.
The remaining balance can be closed by the opposite signal from base line, 1st confirmation, 2nd confirmation or exit indicator. Trailing stop is activated only after the price has moved 2 x ATR from the trade entry price. Related pairs : NNFX recommends to avoid concurrent trades in related pairs. News : NNFX recommends not to trade when there are high impact news due in next 24 hours. 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.
NNFX scraps some of the no nonsense forex regarded indicators and concepts in no nonsense forex trading.
Januk L — February 22, ying yang — February 22, Leigh — March 18, Your email address will not be published. Skip to content. THIS IS FREE NB: This includes third party indicators. Category: Forex Trading Strategies Tags: nnfx algorithmno nonsense forex atrno nonsense forex backtestingno nonsense forex confirmation indicatorno nonsense forex exit indicatorno nonsense forex indicatorsno nonsense forex riskno nonsense forex volume indicator.
Time frame to use : NNFX strictly advises to use the daily charts. Take profit : Take profit needs to be 1 x ATR Trailing stop : When a trade reaches 1 x ATR, NNFX recommends to close half of the trade and no nonsense forex move the stop loss to break even for the remaining half.
NNFX uses period ATR for all ATR uses. Baseline Indicator This is the primary decision indicator in NNFX method. Mostly some kind of line indicator moving average or other wise can be used. Signal is provided by the last candle closing above for buy or below for sell the based line. For instance if you use a period simple moving average SMAand then if the last completed candle closes above the SMA line, then we have a buy signal from the base line.
However, there is another condition here, that is the price cannot be more than 1 x ATR away from the baseline. You need to test your indicators and select the best ones with best settings by back testing, no nonsense forex. No nonsense forex Indicator Volume is also a critical part of NNFX method. Since NNFX method is a trend-following method and trends need volume, we need to have enough volume in the market before we can get the clearance to go ahead with the trade.
We need to use a suitable volume indicator for this purpose, no nonsense forex. In addition, NNFX recommends using EURO VIX Index ; if this index is less than 8 or 7, then it means that there is no enough volume in the market. However, use of this index is completely optional. Exit Indicator Exit indicator shows when you should no nonsense forex the trade, no nonsense forex. However, the base line and the two confirmation indicators can also indicate an exit.
For instance, the base line, 1st confirmation or 2nd confirmation indicator shows opposite signal when you are in a trade, no nonsense forex, you are supposed to exist the trade. Rated 5 out of 5. Add a review Cancel reply Your email address will not be published. Got something to discuss? Please insert the code above to comment. Notify of new replies to this comment.
Rated 5, no nonsense forex. Rated 4.
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, time: 41:15No Nonsense Forex Summary & Potential Indicators – Forex Robotz
No Nonsense Forex - YouTube. This is one of the largest and most loved Forex trading channels on YouTube, and there are good reasons for this. First of all, this channel tells you not t This is �� Trade Signal Group: blogger.com ���� Get Funded: blogger.com ���� Discord Group: blogger.com ��⭐My No Nonsense ATR is a tool designed to help the No Nonsense Forex Traders backtest strategies and trading in real time. The indicator calculates the value of the Stop Loss and the Take Profit (SL/TP) based on the ATR (Average True Range) allowing to verify the historical data in a simple and practical way, showing not only the SL/TP values but also the place where they would be and if it was a gain or loss
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