PROTECTED SOURCE SCRIPT
Strategy - Cryptosystem NNFX way
Updated
First script done!
This is my version of the No-Nonsense Forex (NNFX) Strategy
This strategy shows you the entry and exit signal with a standard 1.5 x ATR for Stop Loss and 1 x ATR for Taking Profit. You can adjust the settings to your needs.
This strategy uses 5 indicators:
1. Average True Range for SL and TP placement, there is a nuance where you can add the 1XATR Rule;
2. SMA used to filter longs and shorts;
3. SSL Channel for 1st Confirmation;
4. DPO for 2nd Confirmation;
5. Waddah Attar Explosion as a volume indicator.
There is no exit indicator because I coded 2 trades (2x0.5). TP1 will be at 1xATR and TP2 will automatically trail behind with 1.5XATR. You can see the red trailing line on the charts.
Other exits can be: When SSL gives opposite signal or when price crosses and closes your baseline.
I used this system for 1D timeframe.
Hopefully this can be usefull for your tradingstyle.
Would be great if you guys leave a like.
Thanks!
This is my version of the No-Nonsense Forex (NNFX) Strategy
This strategy shows you the entry and exit signal with a standard 1.5 x ATR for Stop Loss and 1 x ATR for Taking Profit. You can adjust the settings to your needs.
This strategy uses 5 indicators:
1. Average True Range for SL and TP placement, there is a nuance where you can add the 1XATR Rule;
2. SMA used to filter longs and shorts;
3. SSL Channel for 1st Confirmation;
4. DPO for 2nd Confirmation;
5. Waddah Attar Explosion as a volume indicator.
There is no exit indicator because I coded 2 trades (2x0.5). TP1 will be at 1xATR and TP2 will automatically trail behind with 1.5XATR. You can see the red trailing line on the charts.
Other exits can be: When SSL gives opposite signal or when price crosses and closes your baseline.
I used this system for 1D timeframe.
Hopefully this can be usefull for your tradingstyle.
Would be great if you guys leave a like.
Thanks!
Release Notes
Script update! This is my version of the No-Nonsense Forex (NNFX) Strategy
This strategy shows you the entry and exit signal with a standard 1.5 x ATR for Stop Loss and 2 x ATR for Taking Profit. You can adjust the settings to your needs.
This strategy uses 5 indicators:
1. Average True Range for SL and TP placement, there is a nuance where you can add the 1XATR Rule;
2. SMA used to filter longs and shorts;
3. SSL Channel for 1st Confirmation;
4. DPO for 2nd Confirmation;
5. Waddah Attar Explosion as a volume indicator.
There is no exit indicator because I coded 2 trades (2x0.5). TP1 will be at 1xATR and TP2 will automatically trail behind with 1.5XATR. You can see the red trailing line on the charts.
Other exits can be: When SSL gives opposite signal or when price crosses and closes your baseline.
I used this system for 1D timeframe.
Hopefully this can be usefull for your tradingstyle.
Would be great if you guys leave a like.
Thanks!
Release Notes
Update:- Changed the settings for testing to 2026 instead of 2022.
- Adjusted ATR take profit to 1.66, free to adjust as you like.
- Adjusted the name in the settings for SSL display mode.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.