It would also assume blockchain technology, the technology that is going to send us into the future, is all of a sudden dead too. As long as you follow your proven s A really relaxed way of trading in the long term. Home; About; FAQ; Blog; Podcast; Disclaimer; Contact; Testimonials; New Decentralized Trading Platform. The negative opinions about NO NONSENSE FOREX (NNFX) might stem from a variety of factors. Most people aren’t going to like this answer because the ATR does not predict price movement, and this is “boring”. Bearish divergence. Indicator movement. Using divergence trading can be useful in spotting a weakening trend or reversal in momentum. We at 4xPip recommend you make the Welcome to my website, nononsenseforex. 1 – Pull up whichever currency pair you want to start with on MT4. Test your algorithm across all 28 forex pairs considering news, Euro FX Vix (EVZ) and currency exposure; or use it to help you create a whole algorithm from scratch with your favorite indicators. Because of this, your broker is your bestest friend in the whole world, every day, all the time. Home; Contact; Baby Forex; Build; Continue to Build; ICT Series; Proudly powered by Re: No Nonsense Forex - Indicators. If you are a scalper, and like lower time frames, do not despair, having 27 pairs open on your charting software is still the best move, but it may cause insanity if you are on a time frame as low as the 15 minute. Nice to see during the price retest of previous lows. I have found nothing better than There are three types of divergence: bullish (positive), bearish (negative), and hidden. However, there are signs that the downtrend will be coming to an end. Find out more HERE. It’s not even close. 5 = 106. 3 – Go in and delete any of the wins and losses your Volume The World's largest database of Metatrader 4 & 5 Indicators, Systems & EA's. Regardless of your experience, everyone needs to take the exact same approach and start this site the Divergence is a powerful tool in forex trading that can help traders identify potential reversals in the market. Use multiple time frames: Analyzing divergence signals across multiple time frames can provide a more comprehensive picture of the market and increase the reliability of the signals. For realistic backtesting purposes, I would enter a trade after 2 ticks (8 hours in 4H) with the open price. But later built it to $55K again, and this is where it is now. The website debunks false claims of “get rich quick” schemes and highlights the importance of patience, discipline, and continuous learning. They couldn’t be more wrong, and that advice could not be more harmful Episode 14’s question comes from JD. Please understand — that will only get your account destroyed. Refer back to this article if you are not familiar with the first chart we have done here regarding timing the recession. A continuation indicator is typically used in conjunction with other indicators in the system, such as a baseline indicator, to provide a comprehensive Baseline Indicator. By. 77 GDX: $26. It would be great if we could use it and win with it. All deposits must be in crypto, things being decentralized and all. The closest thing Current Crypto Portfolio. They will almost always say things like EUR/USD, USD/JPY, and GBP/USD. 1 – Take the results from your confirmation indicator like we did in Episode 11 of the podcast. Second, I explain things in a step-by-step manner so you know exactly what to do. How to Trade the EUR USD (Warning!!) Episode 0 - The Forex Podcast That's Changing Everything. Episode 32’s question is from Maciej. Lastly, we’ve got hidden bearish divergence. Either you win big or lose medium. This game is beatable. For example, suppose the price of a currency pair is increasing while its RSI indicator is decreasing. Baby Forex Lesson 4 - Baseline Indicator Kijun-Sen Strategy Quant. Updated August 25, 2021. 1. The effort you need to put in the early stage is Divergence is a valuable tool for forex traders to identify potential reversals and trend continuations. On that note, there is no longer an email list either. Hidden divergence. With the help of Dan Stone at Stonehill Forex, I have been able to bring you some of the more under-the BlackRock’s Bitcoin ETF Commercial Was Brilliant. The RSI, of Dirty Dozen fame, as expected, moves way too fast and gives way too many signals when you let it out of its cage. We believe this tool is perfect for intraday trading and aims to simplify market noise and filters potential entries. Blueberry Markets does not accept any responsibility for any trading decisions made by you based on the material presented by and consumed with No Nonsense Forex. A potential bullish reversal is indicated by positive divergence, which happens when the price makes a lower low while the indicator makes a higher low. Or you will once you see it. Conclusion. Annnnnnnd go . Kijunsen for Baseline; 3. 0x and 1. Hidden divergences signal a possible trend continuation. NNFX Trade Panel: Trade Panel for the No Nonsense Forex Method Improve your trading speed while also keeping your charts clean Features: -Position sizing: when clicking - English. Brutally honest answers to user-submitted questions. Lesson 17. Refer to the chart below for easy distinctions between them and read about each in more depth underneath. ly/2VaNMuFForex Back Testing Software: https://bit youpaa09. 76%. com, a trading forum run by professional traders. Every single professional trader I know scales out. Second, I explain things in a step-by In summary, the No Nonsense Forex (NNFX) strategy provides a clear and effective approach for people interested in forex trading. And thousands of man-hours have been wasted creating blogs and videos showing you how to “win” with it, instead of showing you indicators that actually work for the Forex market. In 2018, Patrick Victor, aka "VP" created the No Nonsense Forex Podcast as a contrarian approach to all of the education available prior. They sought out the best ways to do things. 30 March, 2023. These are mid to large cap only to reduce risk (2B market cap and up) with their current dividend yields. Let’s talk about why in Episode 20 of the Forex Q&A After studying forex for 3+ years, No Nonsense Forex SHOCKED me in a good way. bollinger bands, i only enter on breaks of it, in the direction of the break if other things line up, its the main thing that stops false signals. So here is some confluence for you. To make it easy on Maverick and you guys both, I will just post this bit from Darren Fischer, CEO of Maverick Trading: “Maverick Trading issues profit distributions to its traders on a monthly basis. I follow No Nonsense Forex, but I am finding it hard to find good indicators to complete the Algorithm. The EURUSD is the most heavily traded currency pair in all of spot Forex. When the Tenkan crosses the Kijun DOWNWARDS, you have a short trading signal. 1 FX broker in the US¹ Trade over 80 FX pairs Powerful tools for active traders Popular; Spreads as low as 0. Divergence can provide valuable insights into potential trend reversals or continuations, helping traders to identify profitable trading opportunities. Or maybe check out the podcast playlist . First off know the MACD indicator was created in the 1970s for stock trading. And there’s no guarantee once these games come out, that they’ll actually take. Taking half off now, and half later is perfectly fine. Lesson 18: Cable Breakout – Trading the USD/GBP. Click on the video below to listen to VP, the No Nonsense Forex architect himself, talk about the advanced course! Best Forex Trading Tips Ever – 4 Things To Avoid. By understanding the various types of Regular Divergence. I help inspire traders to become professional and trade for a living. Volume was crazy. VP is no Mark Douglas, but he's on his level with this book. I will try and keep this as current as I possibly can over time. — Random Dude, from When trading currencies, Forex divergence is typically seen as a sign that the current price direction is weakening and losing momentum, resulting in a possible change of direction. The optimal time to trade the daily chart is around 20 minutes before the daily candle closes, whenever that may be according to your broker. I've also included an entire set of price derivatives to choose from. Minor fixes. Name That Pair! _____ Image 3 . Should we be out of the market right now”? — Jalen from Jersey City, NJ. Divergence is a powerful tool used by traders to identify potential trend reversals and generate trading signals. Here are some pre-screened top 100 indicators now all we have to do it mix and match them to create a great algorithm. There are three types of divergence: bullish (positive), bearish (negative), and hidden. Prop Firm Updates. Holiday Forex Trading (Podcast Episode 27) Episode 27’s question is from Jalen. 2 – Kijun Sen. You can place your No Nonsense Trades with all the calculations done for you automatically. This post is a response to all of the questions coming in on how to properly backtest all of the new indicators that listeners of the Forex Q&A Podcast have been entered too early. No Comments. I’ve created a no-nonsense trading course focusing on the best-of-the-best practices and step-by-step training based on my personal ten years of hands-on trading experience, research and refinement with the Forex. What is a regular divergence? A regular divergence is used as a possible sign for a trend reversal. Yesterday, Ripple Labs won its case against the SEC, allowing it to no longer be classified as a security. Kimberly Overcast. It quickly became o Part 7 – No Nonsense Forex Newcomer Starter Guide. When divergence occurs it is because there are no clear directional trends and traders use divergence as a signal to take Filed Under: Forex Core Concepts Tagged With: eur usd, eurusd, forex, forex tips, forex trading, fx trading, no nonsense forex, nononsenseforex. In his volume video, for example, he presents the Rate of Change as a volume indicator. Whether the change in direction is a simple retracement, or pullback, or the sign of a more significant trend reversal usually depends on the timeframe being traded Cluster 2. ly/2VaNMuFForex Back Testing Software: https://bit Indicator Profile Series! (First 4) June 9, 2022 by VP. Lower low than the previous low. Episode 46’s question is from another withheld name. Suncor (SU) – 4. Low -> lower low. Forex trading at a pro level is a great lifestyle and can be super rewarding — but the people who get there deserve it. They were patient, and knew they weren’t going to quadruple their money in a year. February 1, 2024 by VP. Talking about monthly returns is glamorous and all, but it’s never something a real trader should have. The next part of the algorithm is called the baseline. the less your Dealing Desk broker can take the other side knowing the odds are in their favor. Recall that a “confirmation indicator” falls into the category of indicators that serve as an initial checkpoint after the baseline indicator. I cannot stress on how important trade management and risk Forex Backtesting – Step By Step (Podcast Episode 21) November 12, 2018 by VP. The ATR Is The World’s Best Forex Indicator. And unless you want to get destroyed over and over again, you need to know why, and what you can do about it. Reply. No Nonsense Forex is a YouTube channel and website that provides forex trading education and guidance. Welcome to FXGears. So percentage-wise, this would be a shade higher than a 5. The channel is run by a trader who goes by the name of VP, and his approach to trading is to cut through the hype and misinformation that is often present in the forex industry. It focuses on using indicators, following trends, and testing strategies thoroughly. I have been trading Forex since 2009. 88%. Divergences are powerful indicators in forex trading that can provide useful insights into price reversals. Retail traders have almost no influence on the market, especially smaller retail traders and scalpers. This is how to backtest an indicator based on the No Nonsense Forex method of trading. How are you not at a disadvantage with the higher spreads and faster movement of the more volatile pairs?”. 3. When the Tenkan crosses the Kijun UPWARDS, you have a long trading signal. patre There is no volume to track in fx since it is decentralized. By providing a more accurate measure of This document provides summaries of videos from the No Nonsense Forex YouTube channel on trading strategies and concepts. Best Place to Learn Forex Trading (Episode 2) February 6, 2018 by VP. 2 – Make a copy!! This is key. Average True Range for SL and TP placement, and also for pullback range; 2. Do you like inexplicable divergences? Sure, we all do. If you’re smart, this should be a red flag. Lesson 20: – The perfect risk amount. I've Included ATR bands, for No Nonsense Forex Traders. "The Rex oscillator is an indicator that measures market behavior based on the relationship of the close to the open, high and low values of the same bar. With divergence, there can be positive and negative signals. 1000 ÷ 106 = 9. “I heard volume dries up over the holiday season. Those people are doomed to fail. In order for a divergence to exist, the price must have The success rate in Forex trading is tragically low, and the education that was out there was one of the main causes. Confluence matters. 5% max drawdown. Where to learn Forex trading is a beginners question, I realize that. Trading Forex for beginners shouldn't be taken lightly. Episode 45’s question is from a with-held name. Filed Under: Cryptocurrencies. If you think pairs have their own “unique personalities LOL” and have their own movements, this should be an easy game for you. I got so far and almost completed the entire puzzle but when I backtested the strategy it turned out to be a complete disaster. With over 164,000 YouTube subscribers, the No Nonsense YouTube Channel features nearly 200 episodes, and over 60 hours of content. Divergence type. Check and see how your broker does it, or just go your charts and see for yourself. We’ve talked about it already, but let’s lay out the possible scenarios for the Bitcoin ETF approval, and what the likely outcomes are. Find two confirmation Has anybody here had success with No Nonsense Forex’s indicators only style of trading? Have spent quite some time now trying to develop my own algorithm by following his Heiken Ashi Trading Strategy – Know Which Parts To Use. I was terrible. So if you trade the same way as him and have good indicators, you can expect 30-40%ish. 4 – Record the results every time a trade is RSI Indicator. We proudly use lagging indicators to trade here at No Nonsense Forex. Indicates underlying strength. In this beginner’s guide, we will explore the The No Nonsense ATR is a powerful tool for traders who want to identify trends, assess risk, and set stop-loss levels. This strategy shows you only the entry signal with 1. The Zero Lag MACD Indicator is a quick MT4 trend oscillator that provides short-term trend reversal signals for forex day traders. Watch on. People look up “the best Forex trading tips” on google all the time, hoping to find some magic push-button strategy that will make them millions. RISK ÷ STOPLOSS = Pip Value. com's Reddit Forex Trading Community! Here you can converse about trading ideas, strategies, trading psychology, and nearly everything in between! ---- We also have one of the largest forex chatrooms online! ---- /r/Forex is the official subreddit of FXGears. By doing this, it makes you understand the concept of forex trading at a level that you never thought you could get at. He is only just reminding people to actually do some dirty work and develop a strong discipline mindset. ly/2VaNMuFForex Back Testing Software: https://bit No Nonsense Forex Strategy Papers. Forex videos straight from the world famous No Nonsense Forex YouTube Channel. And there is no need to over-complicate this. So don't expect to be doubling your money every few months. Please do not ask for them. ly/2VaNMuFForex Back Testing Software: https://bit The Zero Lag MACD Indicator is an oscillator type of indicator which is a modification of the classic Moving Average Convergence and Divergence (MACD). The Heiken Ashi indicator is the “Easy Button” of Forex trading. You are reminded It’s a dead market, or pretty close to one. While the price has registered lower lows, the Stochastic (our indicator of Forex. The "AC-P" version of jiehonglim's NNFX Baseline script is my personal customized version of the NNFX Baseline concept as part of the NNFX Algorithm stack/structure for 1D Trend Trading for Forex. But here’s the catch. ) and use that. You will need to pull the volume data using "the sixes" futures contracts (6a, 6b, 6e, etc. December 28, 2023 by VP. 3 – Take every signal your algorithm allows, set up your risk management, and play it out in real time. Although the CFO is a momentum oscillator like the relative strength index (RSI), it is KEY POINTS. But yeah, that's the catch, if you make it. The other two major parts of the Ichimoku Kinko Hyo more or less act as moving average crossovers. So let’s explain it to them. I made every mistake you could imagine. Traders can use volume indicators to identify divergence patterns and plan their trades accordingly. Instead of candles or standard bars on your chart, you use Renko Bars instead. The VPCI reveals the proportional imbalances between price trends and volume-adjusted price trends. 5. Don’t Believe The Hype Forex. Trading is the easy part. 830. The baseline could also be called a trend line in my opinion because, essentially, this is exactly the function of the baseline. And what’s cool about it, is how you can chart this index like you would any other currency pair or major index on your own charting platform. The RSI Indicator is one of the WORST Forex Indicators You Could Possibly Use. Complete and advanced No Nonsense Forex (NNFX) Algorithm Tester. There is no more email list. In conclusion, volume is a crucial indicator in forex trading. Forex liquidity providers have minimum order sizes of around 1 million. When we learn chart patterns in Forex for the first time, we’re damn near mesmerized. No Nonsense Forex is an Introducing Broker (IB) and is not an agent, affiliate or representative of Blueberry Markets nor are they endorsed by Blueberry Markets. returns. Can we do anything with this information? People sure seem to think so. It’s natural chaos theory however — order (what we have), into chaos (what we want), and back again. You’ll Master The Following Must-Have Skills: No. Too many bad signals that get your trade stopped out. Divergences are usually bought near the bottom and sold near the top, and this means Make sure your glasses are clean. Divergence Patterns: Divergence patterns, where the price is moving in one direction while the volume is moving in the opposite direction, can signal potential trend reversals. I think sentiment and contrarian is the way to go. If you’re new to ByBit, click the link below for my ByBit video and make sure you like the platform and are good to sign up for it. youtube. Stop Trading the EURUSD Only (Warning) February 6, 2018 by VP. Definition. In this beginner’s guide, we will delve into the concept of divergence and explore its relevance in forex No Nonsense Forex also addresses common misconceptions and myths in the forex trading industry. ago. Hi Butama. By “scaling out”, I mean take a portion of your trade off the table and into your trading account, and proceed accordingly. JD from Durango, CO. 5, it indicates that the market is bullish, and traders should consider buying the currency pair. The Zero Lag MACD Indicator plots histogram bars which represent the MACD bars and a line No Nonsense Forex Backtesting | NNFX Baseline TMA Indicator Testinghttps://www. On the other hand, when the Divergence based on a standard Stochastic with Alert and language selection. the less your ECN broker can get that juicy extra commission. Re: No Nonsense Forex - Indicators 211 by RodrigoRT7 sheezey wrote: Thu Mar 30, 2023 2:08 am For those searching for indicators, I’d like to share an article I came across on the NNFX discord I found to be very interesting. The main idea behind No Nonsense Forex Trading is to simplify the trading process by focusing on the most important factors that drive currency movements and Divergence in forex trading is the term used to describe a discrepancy or disagreement between a currency pair’s price and a linked technical indicator. 43. 5 years ago today: Gold: $1338. We have now forward tested with a demo account on Continue reading Part 7 – No Nonsense Forex Baby Forex; Build; Continue to Build; ICT Series; Lesson 7 – Exit Indicator – How to exit a trade. 41 Today: Gold: $1810 GDX: $32. NNFX = No Re: No Nonsense Forex - Indicators. Instead of sticking with all of the things I was told to use, I started exploring other tools and methods. com/script/faXhL0vl-NNFX-Baseline-Tool/Patreon → https://www. Trade with Free Forex Signals - CMC Markets; GOLD & Crypto Trading Signals & News [FREE Channel] – Telegram; Receive free daily trading signals via WhatsApp - MEXEM; 20 March, 2023. VP No Nonsense Forex, also known as VP, is a forex trader and educator who has made a name for himself in the forex trading community. The baseline indicator using the No Nonsense method of trading algorithm for forex, oils, metals and indices. This guide has traversed the Trading Forex For Beginners - The No Nonsense Forex Way. 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. It is speedy yet reliable in providing trend signals during tumultuous markets. No Nonsense Forex Trading is a methodology developed by a trader known as VP, who created a YouTube channel, podcast, and website to share his insights and strategies. This occurs when price makes a lower high (LH), but the oscillator is making a higher high (HH). VP began his career in forex trading over a decade ago, and The success rate in Forex trading is tragically low, and the education that was out there was one of the main causes. Most of these coins and tokens were purchased at a cheaper price than where they are now, and I cannot officially say whether or not I Hidden Divergence. nononsensetrader. It stresses the need for traders to have realistic expectations and to approach forex trading as a With proper analysis and risk management, divergence trading can be a useful strategy for forex traders. 4 – Record the results every time a trade is Divergence is when the price action makes a new higher high, but the oscillator or indicator fails to do so. December 3, 2020 by VP. The original indicator is called the Trading Channel Index. Indicates underlying weakness. And we all know, even me, Mr. 5 x ATR for Stop Loss and 1 x ATR for Taking Profit. No Bridge Too Far. * Aids in identifying prevailing market trends. For clarification’s sake, we’re talking about December and the start 830. Now do full algorithm testing. William Blau's Ergodic True Strength Index (Ergodic TSI) The Ergodic TSI is a double smoothed true strength index with a signal line. We will round down to 106 to make it easier. Plus, as I also said in Episode 3, you can both scalp and trade the Daily if you really had to. A trader can use the indicator in many ways, including divergences and zero-line AlgoMasterNNFX-V1. There are two types of regular divergences: bullish Forex Q&A is the Forex Podcast for those who want a huge advantage over other FX traders. And be 100% honest here, if you saw that thing form in real time, you’d never consider it to be a bonafide chart pattern. But I’m okay with that, because Rewards . Meaning, on a 2:1 ratio, if your stop loss is at 80 pips, your take profit level is at 160 pips. Trends can be classified as uptrends, downtrends, or sideways trends. I can see why he chose the term 'No Nonsense'. 5 Ratio. Baby Forex; Build; Continue to Build; ICT Series; Top 100 Indicators. Fact checked by. But it’s like I always preach, we win by eliminates senseless losses that we didn’t have to take. Check the documentation (User Guide PDF) for more details on how I agree you don't need as many indicators as he uses especially for FOREX where volume isn't really as applicable. The farther away the price is from the indicator’s midpoint, the more “at ease” a trend is, and the likelier the chance that the trend continues. Price movement. First, identify a divergence by comparing the price action with an oscillating indicator like the Relative Strength Index (RSI) or Moving Average Convergence Divergence (MACD). Click on the video below to listen to VP, the No Nonsense Forex architect himself, talk about the advanced course! Indicator Profile Series! (First 4) June 9, 2022 by VP. Below is a daily chart of USD/CHF. A big difference between the high and close on a bar indicates weakness, and wide disparity between the low and close . com/VPS AccuWebHosting: https://bit. The no nonsense trading gives you the foundation to develop your own strategy. And I have tested thousands. Question - Can you build this EA of yours im FxDreema as well? And,, RSI Divergence has to be used in addition to more (very basic) price action parameters, imo, to get above avg. NNFX Indicators. The less you trade, the less your broker can take their piece of the spread. Yes, the ATR (Average True Range) is my #1. If you don’t know why I trade so many currency pairs, it would help to watch/listen to Episode 4 first. This was not a good thing. I have a lot of indicators that do work for volume and exit points. There are a handful of you out there who only read the blog and don’t watch the videos (why?), and just so you know, I have been putting out shorter videos on single indicators. Many new traders stick with the first method That didn't seem like no nonsense to me. High -> lower high. However, the main baseline (entry indicator) completedly I manage trades my own way, not wholly in accordance with VP. We will color it in Red, now and forever. 1 2021. I refer to them as “moving averages”, even though they are a bit more rigid then what you would normally see in a moving average, but you get the idea. Version 1. Here's a guide on how to effectively trade divergences in forex. It may be used to forecast when a trend may change, allowing for the generation of buy and sell signals. UpHold, the only American exchange that allowed buying of XRP at 1 – On your chart, select any currency pair. “Buy the dips. Ignore them and go broke. Lesson 19: Testing on 28 pairs. These are the top Forex videos according to you, the viewer. 04%. By understanding the concept of divergence and its types, and No emotions, no decisions, just reading an indicator that clearly says yes or no. No more NFTs, no more DeFi, no more metaverse, no more tokenized finance, no more BTC, etc. Found during retracements in a downtrend. It now becomes a morbid race to see which level gets hit first. He makes about 30-40% gain a year consistently, which is more than an experienced typical stock broker at 10%ish. 0* with RAW Pricing** ¹ Based on client assets per the 2022 monthly Retail Forex Obligation reports published by the CFTC. When analyzing gold charts, there are several key elements that traders should focus on: 1. Everget's JMA implementation is used for the baseline smoothing method, with optional ATR bands at 1. In the NNFX (No Nonsense Forex) trading system, a continuation indicator is a technical indicator that is used to confirm a current trend and predict that the trend is likely to continue in the same direction. 04. I cannot stress on how important trade management and risk Here at Stonehill Forex, the only company legally allowed to do this, will teach you a streamlined, condensed version; less than 10 hours for only $349 along with plenty of bonuses to go with it. Another important point in my opinion is that the sytem is relatively simple. Samantha Silberstein. 3 – Tenkan-Sen. Below are some questions which I do get asked often, and I did not answer in a video or A really relaxed way of trading in the long term. ATR is based on Wilders original calculations, meaning the ATR smoothing is via a rolling moving average and not some made-up garbage. At one point, I sent a few out, but since then, they have all become videos on YouTube, so you did not miss out on anything. This is the forex software simulator I am using; I can’t imagine trying to succeed in a 4-5 trillion dollar a day market like Forex and not know this. You will likely want to start off with the default settings, because this way you’ll have a base data you can compare with We not only look at indicators like moving averages (both SMA and EMA), RSI, MACD, ATR, ADX, Bollinger bands, Ichimoku cloud etc and use algotrading in MQL to automate forex trading robots, but we It could make a real difference. My No-nonsense Video Course Will Show You Where The MONEY Is In The Forex. I’ll even show the date range at the bottom of the image to make it easier. Ask VP will be temporarily down for the extended weekend. Click on the video below to listen to VP, the No Nonsense Forex architect himself, talk about the advanced course! Monthly Returns In Forex – You’re Doing It Wrong (Podcast Episode 20) If you gave yourself a monthly returns goal in Forex trading, you would self-sabotage yourself into the ground. Combine with other technical analysis tools: Divergence signals are more EUR/USD Daily chart in the picture above had the ATR at 71 pips. Name That Pair! _____ Image 2 . An uptrend is characterized by higher highs and higher lows, while a downtrend is characterized by lower highs and No. You can do this visually. 39. Currencies do correlate with each other — sometimes. Let’s confirm all the steps we have achieved so far: We back tested our algorithm on the first 5 pairs and were profitable year after year. Many MT4’s have it, but some still don’t. An uptrend with increasing volume is a market characterized by greed supported by the fuel needed to grow. Watch my full tutorial on my strategy: https://www. From this point forward, chart patterns had a grip on us. 2. This is an unconventional Heiken Ashi trading strategy, but it’s the best move you can possibly make with this thing. August 1, 2018 by VP. They weren’t entitled. not the 4H. Forget win rate. It is making sure you are getting into trades that are trending, keeping you out of trades that aren’t trending and are helping Continue reading Part 3- No Nonsense Forex 1 – On your chart, select any currency pair. The user must input the parameters otherwise the Most Forex channels will lead you down the wrong path. They took losses, but kept going. With the help of Dan Stone at Stonehill Forex, I have been able to bring you some of the more under-the Forex. Trends: Identifying trends is crucial in forex trading. Second, I explain things in a step-by The World's largest database of Metatrader 4 & 5 Indicators, Systems & EA's. 26 Gold miners are volatile. Other tokens which were labeled as securities by the SEC weeks ago (ADA, MATIC, SOL) also saw sharp rises. Not sure why he thinks of himself as a sub par writer because honestly, readers in 2021 want straight forward, get-to-the-point, text. In that case, this could indicate that it has become Explain Renko To Me In One Minute. - Free download of the 'Stochastic Divergence' indicator by 'ViDan888' for MetaTrader 4 in the MQL5 Code Base, We not only look at indicators like moving averages (both SMA and EMA), RSI, MACD, ATR, ADX, Bollinger bands, Ichimoku cloud etc and use algotrading in MQL to automate forex trading robots, but we One such indicator that holds immense significance in forex trading is divergence. EUR/GBP and GBP/CHF are Two of the Best Forex Pairs to Trade. Google Sheets autosaves, and this will ruin your data from before, if you don’t use a copy. No fluff, no wasted time. His goal is to provide traders Forex Chart Patterns Get You Nowhere. There’s a decent chance your question was already answered there. ByBit’s platform shows Trading View charts, but unfortunately you cannot put your own indicators on them, unlike MT4. 5. I have the ATR and understand the 1. No Nonsense Forex EA: ONLY 3/20 COPIES AVAILABLE AT 125$ NEXT PRICE -> 250$ No Nonsense Forex Expert Advisor is a fully automated Trading Robot based on the No Nonsense - English. This indicator is an improved version of the classic MACD. Now, in the first of a series Here are some additional tips to enhance your divergence trading strategy: 1. Author: The Forex Geek | Published: March 11, 2024. Below are some of the most popular ways to use normalized volume in forex trading : 1. Share your videos with friends, family, and the world The success rate in Forex trading is tragically low, and the education that was out there was one of the main causes. NNFX’s method made me less stressed and dramatically reduced my screen time by over 90% and I can sleep in peace. On the other hand, when the The main signal-giver of the TDI indicator is the junk-ass freaking RSI of all things. Confirmation Indicator. didn't wait for slow macd to confirm. You’re in great shape. Indicator can be used as a BASELINE for NNFX traders. Reviewed by. MT4 Pairs currently available can be found HERE. Personally I loved his writing style. Divergence refers to when the price of a currency pair moves in one direction while the trend indicator is moving in the opposite direction. com. 2 – Place the indicator you want to test on your chart. On the other hand, when the There’s no need to go further. This site is not for them So let’s make sure this never happens to you. My version is slightly different from LazyBear, my signal line is a Finite Impulse Response Filter compared to the original being a standard simple moving The success rate in Forex trading is tragically low, and the education that was out there was one of the main causes. In fact, he said to go live if you have 6 percent ROI backtesting. James Chen. 2nd Confirmation Indicator . That's exactly what this book is. The Chande Forecast Oscillator (CFO) is a technical indicator created by Tushar Chande. Or I should say 0 for 0, since they’re not even really chart patterns. Go to my favorite free spreadsheet, Google Sheets. When the price makes a higher high Below are some of the most popular ways to use normalized volume in forex trading : 1. There are two types of divergences: Regular divergence. The main signal-giver of the TDI indicator is the junk-ass freaking RSI of all things. This is great, right? No, it’s actually the EURUSD’s biggest flaw. These happen, and you just happened to start as one was occurring. Saying this would assume that Bitcoin has no more use case. It’s okay though, because everything I have sent out to my list became a video, so you missed out on nothing. A big difference between the high and close on a bar indicates weakness, and wide disparity between the low and close Divergence is my favorite strategy,, but on Daily/ Weekly charts. Volume Price Confirmation Indicator (VPCI) Developed by Buff Dormeier. We can see from the falling trend line that USD/CHF has been in a downtrend. The riskiest things I own are in this space. “How can we use currency correlations to trade Forex?”. I don't think NNF is an angel, devil or forex scam or whatever. I tried to build an algorithm based on VP's method from No Nonsense Forex. Whether the change in direction is a simple retracement, or pullback, or the sign of a more significant trend reversal usually depends on the timeframe being traded The no nonsense trading gives you the foundation to develop your own strategy. August 23, 2018 by VP. It is an MT4 contest. 82 likes. Re: No Nonsense Forex - Indicators. BlackRock’s spot Bitcoin ETF commercial got made fun of a LOT in the crypto media and on Twitter. Advantages. No retail broker has tens of millions worth of orders being taken every second so retail orders need to be aggregated into one big order for a liquidity provider to accept it. Identifying Market Trends: Normalized volume can be used to identify market trends. Lesson 21: Order Blocks. When they cross, it’s a signal. BP (BP) – 4. These concepts are explained in great detail in the Stonehill Forex Advanced Course (HERE). Those nice gains you were seeing in the backtesting phase will come back. The Zero-Lag MACD was developed by John Ehlers and Rick Way in 2010 and lives in the space below the price chart, something we term as a “below-chart indicator”. This is the faster of the two “moving averages”. Avoiding news adds lots of pips onto your bottom line. You know what time frame you should be using, you know you should be looking for trends and not reversals. Since you’ve all be studying hard and not And it drops to $49K. So, what is the REX oscillator, you might be asking yourself. He also brags about only trading for 15 minutes per day, but again he's taking pretty conservative trades on a daily Here at Stonehill Forex, the only company legally allowed to do this, will teach you a streamlined, condensed version; less than 10 hours for only $349 along with plenty of bonuses to go with it. They don’t happen all that often, so give it to me! Let’s compare the price of gold with the GDX, the largest gold mining ETF in the world. Image 1 . Third, I focus heavily on the two things which contribute to your bottom Currency Correlations (Podcast Episode 45) May 6, 2019 by VP. fxcode • 4 yr. But they destroyed all of you, as usual. This indicates that momentum is waning, and a potential reversal may occur soon. “Why do you still think it’s a good idea to use indicators that LAG in your Conclusion. I will adjust my units/lots to make sure I’m trading $9. Those two hours could make a difference, for better or for worse. He is known for his no-nonsense approach to forex trading, as well as his ability to simplify complex trading concepts. We then continued to back test the remaining 23 pairs out of 28 and were profitable year after year. And, since it’s faster, some like to refer to it simply as a zero-lag indicator. A trader of currencies, metals, oil and ETFs, VP rails against the use of both FX news and some common charting tools, explaining why he favors a different No Nosense Forex Traders get started learning a step by step guide of becoming and profitable trader without any prior trading knowledge. Some don’t even pass the eye test, and knowing how to spot duds like this has saved me loads of time. If you didn’t See more When divergences are traded properly, there can be consistent profits to the trade. What I’m referring to is using a 2:1 or 3:1 Profit to Loss ratio to trade Forex. First up, let’s take a look at regular divergence. Lagging Indicators In Forex (Podcast Episode 46) May 13, 2019 by VP. 9. ly/2VaNMuFForex Back Testing Software: https://bit Thank you for all the positivity!Website: https://www. This is why I created No Nonsense Forex. Second, I explain things in a step-by So with some simple python coding: I set up some parameters to identify these divergence patterns based on thresholds, length, the flexibility of the patterns, etc. While you do steps 1-3 make sure you’re also looking for other indicators that call the end of a trend and mark these as potential exit indicators. A lot of trend indicators do this. Some traders may view the approach as overly complex or unconventional compared to more traditional trading methods, which could lead to skepticism or criticism. . Some foreign exchange traders regard oscillator Divergence is a powerful tool that can help forex traders identify potential trend reversals and trend continuations. 106 is my STOPLOSS. Sure, it finds that nice big trend that gave you lots of pips, but it doesn’t make up for all the losses. No links please — phishing concerns and all; I do not give away my top 100 indicators, some people actually thought this. After religiously studying his method, it really changed my perspective of trading in ways I could never have imagined. The asymmetry is there in my opinion. Dumb people cannot understand why. The Kijun Sen is the slower of the two. 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. It is intended to act like a stochastic indicator without the 'compression' often seen with stochastics at extremes. Name Here at Stonehill Forex, the only company legally allowed to do this, will teach you a streamlined, condensed version; less than 10 hours for only $349 along with plenty of bonuses to go with it. Contribute to RivenHexagon/NNF development by creating an account on GitHub. You can trade directly on ByBit’s platform, or directly from MT4. It occurs when the price of an asset moves in the Trading Divergences in Forex. For use in an EA, buffer This is my version of the No-Nonsense Forex (NNFX) Strategy, namely MQAHNAF Signal. But once you're where he is, i mean, 28 forex pairings, indices, metals, etf's, his system lets him trade em all. Divergence. Added parameters to customize allowed slippage, scaling out and ATR levels for SL and TP. By now you’ve probably guessed that this occurs in a DOWNTREND. Discipline, is probably not just going to invest in just one low-cap token if I decided to jump back into that world. Oil Companies: Chevron (CVX) – 4. Given here is a summary of the NNFX method. tradingview. Good entry or re-entry. It goes like this. Do not be discouraged. No Nonsense Forex - YouTube. The asymmetry I’m looking for can be found in even the highest-cap tokens. So 0 for 2. •. Faster Ways To Test Forex Indicators (Podcast Episode 32) I’ve tested over 2000, but I’ve looked at well over 5000. It’s a very winner-take-all method of trading in a way. Thank you for all the positivity!Website: https://www. This occurs during retracements in an uptrend. 5x from the baseline. And this is a BIG thing to make sure you avoid. The No Nonsense Forex ByBit crypto trading contest starts August 2023, get yourself signed up now to participate. I had no idea how many there were. There are over 10,000 trading indicators alone that are available 4. Then it drops to $51K. Have Heiken ashi as your default exit indicator. The strategy is based on a set of rules that are designed to eliminate the noise and focus on the most important aspects of the forex market. Make sure your glasses are clean. Second, I explain things in a step-by Learn ’em, memorize ’em (or keep coming back here), apply ’em to help you make better trading decisions. The effort you need to put in the early stage is ENORMOUS simply because there's no holy grail. You can go to any free stock screener or simply go to Yahoo Finance and do this yourself, but let’s see what we have here. This strategy uses 5 kinds of indicators: 1. As always, make sure you read the disclaimer, and understand this is not investment advice. com/watch?v=AnJ_fwwuCLQ&t=18sHaving a few trades open is okay. The World's largest database of Metatrader 4 & 5 Indicators, Systems & EA's. I hope this blog and video saves you tons of pips in your trading career. Contrarians tend to be more risk tolerant than most. But in a nutshell, the large banks and institutions of the world can see The success rate in Forex trading is tragically low, and the education that was out there was one of the main causes. (see snapshot below) and we consider it a “confirmation indicator”. Click the link — the one I gave you three up from here to learn. Did some research on the WaveTrend Oscillator [WT] from LazyBear, Tradingview indicator. It is usually considered a momentum/acceleration indicator in stock trading because it doesn't actually include trading volume in its Italo Triangle Indicator. 65 USD. No cheating and looking at your charts. Interpretation. It goes like this - ATR, Baselines x2, Confirmation, Secondary Confirmation x2, Volume, Ultratrend. When the normalized volume is above 0. For the first time ever, we could start to make sense of a price chart. It is organized neat and tidy in primary & Re: No Nonsense Forex - Indicators. Italo Triangle Indicator MT5. Each type of divergence will contain either a bullish bias or a bearish bias. A few questions were being asked about how your earnings are allocated, and what choices you have there. The videos discuss avoiding reversal If you want to get started the right way, this site’s homepage is a great way to do just that. 2 – An indicator that isn’t too slow. Notice how he has stopped talking about forex, and now it’s long term investing. In order for a divergence to exist, the price must have either formed one of the following: Higher high than the previous high. You can catch the podcast here, or simply continue reading on. This sent the price of XRP sharply upwards. 15 min chart since I messed up the entry on lower time frames I looked at the 1h and it shows a long over due correction to the upside. “Would you have some tips for me on pre-filtering indicators?”. When trading currencies, Forex divergence is typically seen as a sign that the current price direction is weakening and losing momentum, resulting in a possible change of direction. If this is 3 years, at the time of posting, you would go back to late May, 2016. The Zero Lag MACD Indicator is a technical analysis tool used by Forex traders to identify market trends and potential buying or selling opportunities. Hint: It’s the Daily time frame . When divergence occurs it is because there are no clear directional trends and traders use divergence as a signal to take I'm Dave. Our experience shows that it has minimal lag and offers an ideal combination This won’t increase win rate that much but even 2% adds up over time. The Ease of Movement indicator measures how the price of an asset moves in relation to volume. High -> higher high. The RSI, of Dirty Dozen fame, as expected, moves way too fast and gives way too many signals when Divergence is a popular concept in technical analysis that describes when the price is moving in the opposite direction of a technical indicator. The strategy is the brainchild of a trader who goes by the How to Trade a Regular Divergence. ly/2VaNMuFForex Back Testing Software: https://bit No Nonsense Forex. Lesson 23: Really Mean Reversion Strategies Below are some of the most popular ways to use normalized volume in forex trading : 1. 71 x 1. If the last Renko bar was a long bar (black) like you see here for example: Ignore the bar next to it. No nonsense forex is a trading strategy that has gained popularity in recent years due to its simplicity and effectiveness. You won’t notice it right away. 1 — MaverickFX. Lesson 22: Classic Divergences. Sometimes you can even use it as a signal for a trend to continue! There are TWO types of divergence: Regular; Divergence in forex trading, when understood and applied correctly, can significantly elevate a trader’s ability to make well-informed decisions. Also, his approach seems like one that would only be good for prop trading and is not something you could make a living off of even with $100,000 of your own money as he states in one of his episodes. 43 is my Pip Value. ”. 0 brings you divergence alerts as well helping you to see any hidden divergence in the market which assists with the trade management on chart and on the indicator. By understanding the different types of Divergence is a valuable tool in a forex trader’s toolkit, providing insights into potential trend reversals or continuations. We have now forward tested with a demo account on Heiken Ashi Trading Strategy – Know Which Parts To Use. See you next week! Can’t sell for profit if there’s no buyers. So your Forex journal doesn’t need to include a lot of superfluous nonsense in it. Second, I explain things in a step-by The success rate in Forex trading is tragically low, and the education that was out there was one of the main causes. Let’s say you set this number at 10. Forex trading involves significant risk of loss and is not suitable for all investors. In fact, it is simply a MACD indicator which attempts to eliminate lag as much as possible. If you don’t, you’re going to fall for ridiculous shit like Fibonacci. NNFX is a strong framework for traders dealing with the ever-changing currency market. Then you take it back up to $54K. Calculation. Ask any so-called expert what the best Forex pairs to trade are, and you’ll get the worst possible answer. 1 – An indicator that avoids getting you into a trade too early and often. Only NNFX members can participate in this contest. 1) Always trade with the trend, don't worry about reversals, regardless what your confirmation indicators signal. The vast, vast majority of people use it to try and call reversals. 8: Testing your first 5 pairs / 5 years. We here at No Nonsense Forex don’t just rely on one thing to tell us what’s about to happen. Even when you slow it down, the mechanics of it are so old and faulty, it’s always an inferior option compared to one of the many Trading is the easy part. But most of these Forex Q&A blogs and podcast episodes will AskVP. When you see hidden bearish divergence, chances are that the pair will continue to shoot lower and continue the downtrend. Get it. They couldn’t be more wrong, and that advice could not be more harmful Let’s confirm all the steps we have achieved so far: We back tested our algorithm on the first 5 pairs and were profitable year after year. No Nonsense Forex Live. No Nonsense Forex (NNFX) method is an indicator-based, trend-following method with defined money and risk management techniques. Your max drawdown was $3000, because the drop from $54K to $51K was the most you had lost over time. 2 – Go back in time as far as you have chosen to back test. It identifies cycles highs and lows and estimates their length from peak to peak and trough to trough. 43 per pip. “I see you trade 27 different currency pairs. NNFX = No The United Stated Dollar Index, AKA the “USDX”, AKA the “DXY” is a measurement of the United States Dollar against a basket of other currencies. This indicator combines two popular indicators, the Moving Average Convergence Divergence (MACD) and the Autoregressive Integrated Moving Average (ARIMA) model, to produce signals Possible Scenarios for the Bitcoin ETF Approvals. Finding indicators, tweaking, backtesting, forward testing, and building your own algorithm takes years. 07. Completely 0 brains required if you make it. He will give you the ideas, but you have to go out there and put in the work. IF his NNFX algo worked when he made the vids, it probably doesn’t anymore. Download our content for free & unlock your true trading potential today. When divergence occurs it is because there are no clear directional trends and traders use divergence as a signal to take The No Nonsense Forex (NNFX) Trading Assistant EA for the MT4 platform. But I do have a great answer that should be part of any Forex strategy. Remember, we use the daily chart at No Nonsense Forex, because it’s superior to the rest. There are way better methods out there. * Visually discernible. Hang on to your question until then please. You set the number of pips you want these bars to represent. The Detrended Price Oscillator is an indicator which is designed to remove the trend from a price by comparing the price to a prior moving average, thus filtering out cycles longer than the moving average. rc uv rx vk od mh dx pa pr bg