FRZ No Nonsense Forex Strategy EA is based on the popular NoNonsense Forex Strategy (NNFX) introduced by VP. NNFX is a strictly rule-based manual strategy with strict risk management techniques to be used on daily charts. We have fully automated the NNFX strategy and our EA can take both initial and continuation trades.
We have tested many different indicators and settings and decided on our algo/indicators and optimal settings after extensive back/forward testing. You can always do a DEMO test before moving to a real account.
- EURO FX VIX: EA will automatically access EURO FX VIX index from barchart.com and take that figure in deciding on the trading pattern/continuation trades.
- Inbuilt news filter: EA will automatically access upcoming news from investing.com and avoid trading during news times. It also features a news spike guard where SL is tightened during news events if there are on-going trades.
- Week-end fluctuation guard – Trades that stay over the week end will also be subject to tightened SL to reduce the risk of large fluctuations during the weekend.
- Related pair avoidance – EA will recognize co-related pairs and avoid having concurrent trades in related pairs in order to reduce the duplication of risks.
- Ranging market identification – EA has a special algorithm inbuilt that can effectively identify the ranging markets and avoid trading in them.
Indicators.zip 93 kb