FRZ No Nonsense Forex Strategy EA Robot
Signal based on this EA: https://www.mql5.com/en/signals/805695
- Make sure you download the necessary indicators from here or here and place those indicators directly under the indicators folder of your MT4 (You don’t need to run them but just keep them)
- Make sure you set "Enable Indicator Monitoring" as "True" when you run the EA otherwise it will not work correctly
- Back testing may not produce accurate results as news are not tracked and some logics used in EA do not work properly in back testing.
- Please follow the installation procedure given here: https://youtu.be/p-C2w8jxmtM
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.
The EA uses no martingale, grids, hedging, averaging or anything such. Just one trade per chart at any given time with pre-defined SL & TP. EA may take few or more trades a week. It is recommended to have as many charts as possible to increase trading. Please use a VPS with sufficient resources.
- 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.
We are NOT affiliated in anyway with the original creators of NoNonsense Forex Strategy and this product has NOT been endorsed by the original creators of NoNonsense Strategy in any manner. This EA is simply based on our own research on the possible indicators and settings in accordance with rules introduced under the so-called NoNonsense Forex Strategy.
NB: We recommend ICMarkets as a broker. If you like, you may use our Introducing Broker (IB) code "23649" in ICMarkets registration or transferring existing accounts to receive a life time discounts on broker commissions and spreads.
- For Raw Spread accounts, ICMarkets normal commission rate is $7 per lot but if you are under our IB code, you are charged only $5.5 per lot forever. You save $1.5 per lot forever (And spread will remain the same as before).
- For Standard Accounts, you get a 0.3 pips discount on the normal spread on each trade forever.
If you are already an ICMarkets customer, you can simply ask ICMarkets to transfer the existing account under our IB code. This discount will be automatically given to you immediately after you have registered or transferred your account under our IB code. There is no catch here. Your other terms and conditions remain the same as before. You can get out of our IB any time by informing ICMarkets.