This is my version of the No-Nonsense Forex (NNFX) Strategy
This strategy shows you the entry and exit signal with a standard 1.5 x ATR for Stop Loss and 1 x ATR for Taking Profit. You can adjust the settings to your needs.
This strategy uses 5 indicators:
1. Average True Range for SL and TP placement, there is a nuance where you can add the 1XATR Rule; 2. SMA used to filter longs and shorts; 3. SSL Channel for 1st Confirmation; 4. DPO for 2nd Confirmation; 5. Waddah Attar Explosion as a volume indicator.
There is no exit indicator because I coded 2 trades (2x0.5). TP1 will be at 1xATR and TP2 will automatically trail behind with 1.5XATR. You can see the red trailing line on the charts.
Other exits can be: When SSL gives opposite signal or when price crosses and closes your baseline.
I used this system for 1D timeframe.
Hopefully this can be usefull for your tradingstyle.
Would be great if you guys leave a like.
Thanks!
リリースノート
⋅
Script update!
This is my version of the No-Nonsense Forex (NNFX) Strategy
This strategy shows you the entry and exit signal with a standard 1.5 x ATR for Stop Loss and 2 x ATR for Taking Profit. You can adjust the settings to your needs.
This strategy uses 5 indicators:
1. Average True Range for SL and TP placement, there is a nuance where you can add the 1XATR Rule; 2. SMA used to filter longs and shorts; 3. SSL Channel for 1st Confirmation; 4. DPO for 2nd Confirmation; 5. Waddah Attar Explosion as a volume indicator.
There is no exit indicator because I coded 2 trades (2x0.5). TP1 will be at 1xATR and TP2 will automatically trail behind with 1.5XATR. You can see the red trailing line on the charts.
Other exits can be: When SSL gives opposite signal or when price crosses and closes your baseline.
I used this system for 1D timeframe.
Hopefully this can be usefull for your tradingstyle.
Would be great if you guys leave a like.
Thanks!
リリースノート
⋅
Update:
- Changed the settings for testing to 2026 instead of 2022. - Adjusted ATR take profit to 1.66, free to adjust as you like. - Adjusted the name in the settings for SSL display mode.