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    NNFX Strategy Flow Chart

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    ruwanz
    This document outlines an algorithm for entering and exiting trades. It includes indicators for confirming trade signals, like C1 and C2, as well as risk management parameters like trade size and stop losses. The algorithm describes standard, baseline, and continuation entry methods and includes conditions for entering a trade under each method. It also provides steps for exiting a trade and adjusting the trailing stop loss.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    NNFX Strategy Flow Chart

    Uploaded by

    ruwanz
    243 views2 pages
    This document outlines an algorithm for entering and exiting trades. It includes indicators for confirming trade signals, like C1 and C2, as well as risk management parameters like trade size and stop losses. The algorithm describes standard, baseline, and continuation entry methods and includes conditions for entering a trade under each method. It also provides steps for exiting a trade and adjusting the trailing stop loss.

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    NNFX_Strategy_Flow_Chart

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    This document outlines an algorithm for entering and exiting trades. It includes indicators for confirming trade signals, like C1 and C2, as well as risk management parameters like trade size and stop losses. The algorithm describes standard, baseline, and continuation entry methods and includes conditions for entering a trade under each method. It also provides steps for exiting a trade and adjusting the trailing stop loss.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    243 views2 pages

    NNFX Strategy Flow Chart

    Uploaded by

    ruwanz
    This document outlines an algorithm for entering and exiting trades. It includes indicators for confirming trade signals, like C1 and C2, as well as risk management parameters like trade size and stop losses. The algorithm describes standard, baseline, and continuation entry methods and includes conditions for entering a trade under each method. It also provides steps for exiting a trade and adjusting the trailing stop loss.

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    ALGORITHM FOR ENTER TRADE

    ATR TRADE TIME - 23:40h


    Baseline
    Main Confirmation Indicator - C1 2% - RISK PER TRADE
    2nd Confirmation Indicator - C2
    Volume Indicator 1% - #1 Order SL=1,5xATR   TP=1xATR
    Exit Indicator 1% - #2 Order SL=1,5xATR
    Continuation Indicator (optional - if none then use C1)
    WHEN #1 Order HIT TP

    Ajust #2 Order SL to BE
    EXIT TRADE
    WHEN #2 Order HIT 2xATR
    Price Crosses Baseline (Previous candle closes on one side
    the baseline and the current candle closes on the other side) Ajust #2 Order Trailing SL to 1,5xATR
    Exit Indicator Gives Signal
    AT each step of +0.5xATR:
    If there is no Exit Indicator:
    Ajust #2 Order Trailing SL to 1,5xATR
    C1 Gives Oposite Signal
            LEAVE ORDER #2 TO RUN (RISK FREE)
       EXIT TRADE

    NNFX WAY - Developed by VP - check the No Nonsense Forex strategy at: https://www.nononsenseforex.com
    Flow Chart made by Rui Silva - Portugal - https://nnfxalgotester.com/
    Standard Entry Baseline Entry Continuation Entry
    1. C1 Gives Signal 1. Price Crosses Baseline 1. Standard entry or Baseline entry or
    2. Baseline Agrees 2. C1 Agrees Pullback entry has happend prior R2
    3. Price is WITHIN 1xATR of Baseline - R1 3. Price is WITHIN 1xATR of Baseline - R1 2. Baseline has not been crossed since
    4. C2 Agrees 4. C2 Agrees 3. CONTINUATION INDI Gives Signal
    5. Volume Indicator Agrees 5. V1 Agrees 4. C1 Agrees - R6
    6. C1 Signal was less than 7 candles prior 5. Baseline Agrees
    (A bridge too far) - R3 6. C2 Agrees
                     
                             ENTER TRADE ENTER TRADE ENTER TRADE

    1CR Standard Entry 1CR Baseline Entry PullBack Entry


    1. C1 Gives Signal 1. Baseline Gives Signal 1. Baseline Gives Signal
    2. Baseline Agrees 2. C1Agrees 2. C1 Agrees
    3. Price is WITHIN 1xATR of Baseline - R1 3. Price is WITHIN 1xATR of Baseline - R1 3. Price is BEYOND 1xATR of Baseline - R1
    4. C1 Signal was less than 7 candles prior
    WATCH for Next Candle: (A bridge too far) - R3 WATCH for Next Candle:
    1. The Price RETRACTED - R4 WATCH for Next Candle: 1. Price is WITHIN 1xATR of Baseline - R1
    2. Baseline Agrees 2. Baseline Agrees
    3. C1 Agrees 1. The Price RETRACTED - R5 3. C1 Agrees
    4. C2 Agrees 2. Baseline Agrees 4. C2 Agrees
    5. Volume Indicator Agrees 3. C1 Agrees 5. Volume Indicator Agrees
    4. C2 Agrees
    5. Volume Indicator Agrees
    ENTER TRADE ENTER TRADE
    ENTER TRADE

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