The Real NNFX (By forex_trader_135367)
The user has deleted this system.
The Real NNFX Discussion
Feb 27, 2020 at 20:10
1,344 Views
4 Replies
forex_trader_135367
Member Since Jun 21, 2013
8 posts
Feb 28, 2020 at 17:00
This system is based exclusively on the No Nonsense Forex strategy found at www.nononsenseforex.com.
forex_trader_135367
Member Since Jun 21, 2013
8 posts
Feb 28, 2020 at 17:05
This account is run completely from an EA that I developed over the last 3 months during back testing. This EA scans all 8 major pairs and their crosses for a total of 28 pairs in the system (EUR USD CHF JPY NZD GBP AUD CAD). Over the period from Jan 2017 to Dec 2019, this algorithm produced an annualized return of 33% per year with a 61% win rate. Full forward testing started on Feb 17, 2020.
forex_trader_135367
Member Since Jun 21, 2013
8 posts
Feb 28, 2020 at 17:12
The EA uses all parts of the strategy - Baseline, C1, C2, Volatility, and an Exit Indicator. The NNFX strategy discusses 5 different ways to enter a trade that I notate as Standard Entry, Baseline Entry, Continuation Entry, Pull Back Entry, and One-Candle-Rule Entry. The current version of this EA does not use all of these ways because a couple of them do not work well. The back testing results above support this fact.
forex_trader_135367
Member Since Jun 21, 2013
8 posts
Mar 03, 2020 at 13:34
When a new trade is identified it is actually split into two separate trades with half the risk on each. With the NNFX approach half of the trade is to be taken off the table after a certain point. For the EA, this is accomplished by closing one of the trades. This is just an easier approach with Oanda's platform.
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