I don't know if anyone is familiar with the No Nonsense forex algorithm conceived by VP.
It's a trend following strategy and you open two trades, close one at take profit and close the other until the exit indicator says so (or partial close).
I wonder if it is possible to implement in CP?
Hi Andrey,
I am not as smart as you guys. I was hoping you could make sense out of it.
https://nononsenseforex.com/ -> this is the guy who conceived the idea
https://nononsensetrader.com/ -> this guy has a lot of resources
So, you want me to learn this, to implement this to the EA, to test it, and to give you profitable set? )
It doesn't work this way, you should make your contribution to make it working.
Thanks, I'll give it try!
Let's see if I can tweak the settings.
One more thing, can you make Take Profit and Stop Loss based on ATR?
I mean 1,5*ATR?
ATR is a good indicator of volatility.
@Elliot
You can implement at least a part of his algorithm your self. I would suggest the following actions for the open-close settings.
You can use these elements
Oscillator 1
Oscillator 2
Identify Trend
TDI
MACD
MA 1
MA 2
MA 3
Make a choice of 3 you will use to make an open signal, set their open settings to what you want.
Make a choice of 3 of them you want to use for close signals, set their close settings to what you want.
Calculate the stoploss yourself - change the lot risk accordingly and change the lot properties accordingly.
Optimise for a particular currency using the tester.
Personally, I use a combination of brute force/filtering for testing.
Which part do you want to implement?
Entry signal? It's not concrete enough.
Partial close with some profit?
Closing by signal already works.