FRZ No Nonsense Forex Strategy EA Robot

(13 customer reviews)

$495.00

Description

No martingale, grids, hedging, averaging or any such risky methods. One trade per pair at any given time with stop loss!

FRZ No Nonsense Forex Strategy EA is based on the popular NoNonsense Forex Method (NNFX). NNFX is a strictly rule-based manual trading method with strict risk management technique be used on daily charts. We have created our own EA based on the NNFX method (subject to minor modifications) and we have 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. . (NB: We are NOT connected nor affiliated with NNFX creators and the indicators we use are decided by us based on our own research and there can be modifications to the original rules based on our testing and optimizations).

Salient Features:

  • EURO FX VIX: EA will automatically access the 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 weekend 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 have included several other algorithms to avoid potentially losing trades and increase profitability.

EA Specs

Product name FRZ No Nonsense Forex Strategy EA
Current version 10.1
Platform supported MT4
Timeframes supported Daily chart
Recommended pairs EURUSD, USDJPY, AUDUSD, GBPUSD, AUDCAD, AUDCHF, CHFJPY, EURJPY, EURNZD, GBPJPY, NZDCAD, NZDUSD
Use of risky strategies No martingale, grids, hedging, averaging or anything such. Just one trade per chart at any given time with pre-defined SL & TP.
No of trades a week Not many as the EA is based on daily charts. It is recommended to use the EA on all recommended charts to increase trading.
Recommended broker

EA works with any forex broker offering MT4. EA is FIFO compliant and supports US brokers as well.

However, we can recommend ICMarkets. You can get 30% lifetime discount on spreads and commissions if you use our IB code “23649” in ICMarkets new registrations or transferring existing accounts.

FRZ No Nonsense Forex Strategy EA Robot
Recommended deposit You need $500 at a minimum and $1000 is recommended. (2% or less of the balance per trade is recommended)
License

Single purchase includes a license for any two (02) trading account numbers (Two accounts can be either 02 real accounts or 01 demo & 01 real account). You can submit your trading account numbers after purchase. You can submit the two trading accounts numbers any time after the purchase. The trading account numbers can not be changed later. Additional licenses can be added at an additional fee. We do not offer refunds or returns. The full terms and conditions are given here.

After the purchase, visit this page to submit your account numbers.

Existing customers are entitled for lifetime free updates that can be requested here.  (updates are free for the originally licensed account numbers only).

Additional licenses can be requested here subject to our terms.

FRZ No Nonsense Forex Strategy EA Robot
VPS requirement

You need to run the EA 24/5. VPS is recommended unless you can keep your PC running 24/5. We recommend ProfitServer as a VPS provider, which is fast and affordable. 2GB ram VPS is enough for this EA.

FRZ No Nonsense Forex Strategy EA Robot
Support

Free remote desktop support for first installation (please request within 30 days of purchase). General live chat, support ticket and email support are available thereafter.

FRZ No Nonsense Forex Strategy EA Robot

A good VPS server is recommended for this EA as it needs to be running 24/5 on many charts.

 Myfxbook Live Account
widget

Settings:

Detailed PDF Manual will be provided with purchase.

How to Install:

  1. Go to MT4>Options>Expert Advisors and tick “Allow web requests for listed URL” and then add following URLs:
  • http://ec.forexprostools.com/
  • http://worldclockapi.com/
  • https://barchart.com/
  1. Copy the indicators into the MT4 Indicators folder
  2. Copy the EA to the Experts folder
  3. Load the EA to each of the charts (Make sure you load the EA when the forex market is active otherwise news filter settings may not get set properly)
  4. Change settings if necessary

Setting Explanations:

  1. Lot Size => Here you can set the lot size as a % of your account size. By default, it is 2%.
  2. Stop Loss (ATR Multiplier) => Stop loss is set a multiplier of the ATR (Average True Range) (not in Pips). For instance, if you put 2 here, that means your stop-loss is two times of your ATR at the time of trade entry. That means if the ATR was 15pips at that time, then the stop loss will be 30pips. (Default SL is 1.5xATR that is what is recommended by NNFX method but you can change it if necessary).
  3. Take Profit (ATR Multiplier) => Take profit is also set a multiplier of the ATR (Average True Range) (not in Pips). For instance, if you put 2 here, that means your take profit is two times of your ATR at the time of trade entry. That means if the ATR was 15pips at that time, then the take profit will be 30pips. (Default TP is 1xATR that is what is recommended by NNFX method but you can change it if necessary).
  4. Partial Close % up on TP => NNFX method recommend to close 50% of the trade upon reaching initial TP and then moving stop loss to break even. However, if you need it, you can use a different percentage (please use without “%” sign). Generally, in ranging or low volume markets, it can be better to increase this percentage.
  5. Trailing Stop (ATR Multiplier) => Once a trade reaches set TP level set under setting 3, it closes a part of the trade set under setting 4, and then stop loss is moved to breakeven. Thereafter, you can set a trailing stop for the remaining portion. NNFX method recommends 2xATR from the original entry price that is the default setting but you can change it in this setting if necessary.
  6. Max Spread (Pips) => Here you can set the maximum spread in pips you can allow. If the spread is more than this amount, the robot will not take trades.
  7. Allow Concurrent Trades => The EA does not take new trades that are related to the currency pairs of the on-going trades if any in order to reduce the risk. For instance, if there is a EURUSD trade going on EA will not take an AUDUSD trade or EURGBP trade. However, you can ignore this rule if you enable this.
  8. EURO VIX => Here you can specify a value of EURO VIX Index. If the index is less than the value given here, the EA will close the trade fully upon reaching TP instead of half-closing. This is something recommended in the NNFX method. The EA will update this index from barchat.com frequently.
  9. Shrink Stop Loss during News Times for Existing Trades => You can shrink or reduce the stop loss just before the news time and then revert back (if not SL was not hit) to previous just after the news. This is disabled by default but you can enable it here.
  10. Shrink Stop Loss during Weekends for Existing Trades => You can shrink or reduce the stop loss just before Friday day end and then revert back (if not SL was not hit) to previous just after Monday open.
  11. Magic Number => You do not need to change this number on different charts. If you change it, EA will consider those differently numbered charts as a different set of trades. We recommend keeping the magic number unchanged for all charts.

Back-testing Results (Backtesting might not work well without special tools/preparations as past news releases and some other features may not work well in backtesting. We recommend you to test it on DEMO instead of backtesting).

Summary of the backtesting on recommended pairs for two years (2019-2020)

Please note that the past performance of any trading system is not necessarily indicative of future results. Full terms and conditions are given here

NB: We are NOT affiliated nor connected in any manner with the original creators of the NoNonsense Forex method and this product has NOT been endorsed by the original creators of the NoNonsense method 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 method subject to modifications based on our research and testing.

FRZ No Nonsense Forex Strategy EA Robot

13 reviews for FRZ No Nonsense Forex Strategy EA Robot

  1. Gasto Muñoz

    Wow. Really good. never thought NNFX can be automated well done.

  2. Yijun Sousa

    Great work, great support. doing well so far.

  3. Hilario Haig

    Well done. It has captured all the NNFX rules. News filter works good. Running for one month. 7.8% return. Not bad for non-martingale EA. thanks for install support

  4. Kanish Sharma

    Overall good. It doesnt make frequent trades but so far maintained around 65% winning rate. Good support team.

  5. Daniel

    High winrate and small drawdow but infrequent trades. Good support.

  6. Yenku H

    This is great. Good performance

  7. Jenifer Lusino

    Works fine with 18% return last month; it doesn’t make trades every day; so you need to have more charts.

  8. Helena Clerk

    well worth the cost. You need to be patient with this EA. It makes money for sure. Probably the best robot I ever purchased

  9. Widan J.

    Worth the money. Its a slow but steady robot.

  10. Henry K

    Really good investment. The new version is even better. Quite steady returns. Thank you for great support for installation

  11. Ronald W Hoard

    I’ve had it on a demo account for the last month. Its doing about 10% return for August.

    • ForexRobotz

      congrats. And what is great that this is without using any risky strategies like martingale

  12. Jaun Kueinra

    Very impressive. Doing good so far. What I like is the fact that it has no martingale, grids and stuff like that. So you are guaranteed that your account will not be blown over night. A slow but steady approach. Thank you for great support and advice.

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Got something to discuss?


Guest
Maink K
1 year 10 months ago

Do you provide source code?

Support
1 year 4 months ago

No

Guest
Barry M
1 year 8 months ago

Does it follow all NNFX rules?

Support
1 year 4 months ago

Almost all. some are modified for automation purposes. But all major rules used

Guest
Jonthab K
1 year 7 months ago

Can I use it on H4 charts?

Support
1 year 4 months ago

Daily chart recommended

Guest
Heshan
1 year 6 months ago

Will it work on MT5?

Support
1 year 4 months ago

No

Guest
Henathk L
1 year 5 months ago

Is this strategy approved by VP?

Support
1 year 4 months ago

No. VP doesnt approve strategies. this is our own based on his guidelines

Guest
Penod J
1 year 5 months ago

What is the TP & SL?

Support
1 year 4 months ago

You can set based on ATR

Guest
P A Meadows
1 year 28 days ago

Can you add an amount in the account size to take into account the fact that its marging. EG Acount size=50K + account balance?

Support
1 year 28 days ago

Yes, but this requires custom modification. Contact us for a quote

Guest
ciller
11 months 23 days ago

can i have the demo without registration on tickmill? because i have already an tickmill account, so i cant do another registration…

Support
11 months 23 days ago

You can simply create a new MT4 account in your existing registration under our ID and transfer existing funds to that account.

Guest
George
11 months 8 days ago

Is it possible to use personal indicators (for the C1, C2, Baseline, Volume and exit indicator) to fully automate the NNFX way?

Support
11 months 7 days ago

No this is a fully automated EA based on selected indicators after our extensive research on possible indicators. You just need to run it on VPS. But if you want to an NNFX EA with your indicators we can still custom-built it but this will be obviously more expensive than buying a ready-made product. You can get a quote here: https://www.forexrobotz.com/custom-development/

Guest
Madeleine Gentinetta
11 months 2 days ago

Hi, I only have a Mac – does it run on OS?

Support
11 months 2 days ago

Yes it works on Mac. you need MT4 for Mac

Guest
mark Gavin
10 months 22 days ago

I have found that my MT5 / 4 runs better on windows through my MacBook Pro using the Parailels program does this work ok through a VPS — do you recomend a good VPS for Australian customers.

Guest
Sam
8 months 26 days ago

How can i test the product before buying it ?

i understand it might not work as preferred , but as per NNFX strategy , news are not the big factor that will turn the table.

i tried backtesting it, but I could not get any single trade

Support
8 months 26 days ago

Unfortunately, we do not provide demos.

Guest
Bill Scorch
8 months 3 hours ago

How can I get unlimited licence version of this EA?

Support
7 months 30 days ago

We dont provide such license.

Guest
Ravi Chandiran
7 months 21 days ago

Does this require Back Test and Optimization?

Support
7 months 21 days ago

No. We have dont everything. You just need to set it up on a VPS and leave it. 100% automated

Guest
Simon
7 months 19 days ago

Hi, can the value of the immediate trailing stop be adjusted? Will you be continually working on this algorithm, offer updates as the market evolves?

Support
7 months 19 days ago

Yes trailing stop is adjustable based on ATR. Free updates for 3 months. But this is now well improved.

Guest
pasobell
7 months 18 days ago

Can I use it on my home computer?
Do I need VPS?

Support
7 months 18 days ago

VPS recommended. But if you simply keep your PC running 24/5, then no problem you can use your PC.

Guest
Simon
7 months 18 days ago

Is there anyway to review the trades before they are taken by the system? Also I notice your leverage on your account is very high, 500:1, will reducing it effect the algorithm?

Support
7 months 18 days ago

No. This is not an indicator. It is an EA. Whenever it finds an opportunity it will simply enter the trade. There is no need to review trades as the EA considers a lot of signals and data analysis from indicators. And leverage does not matter and the lot size depends on a % of your balance (normally 2% which you can change if needed).

Guest
Maik
7 months 17 days ago

Are automatic updates for new versions included once bought?

Support
7 months 17 days ago

Bug fixes are free for life. Upgrades are free for 3 months. But this EA is matured enough and further upgrades are unlikely in the near future.

Guest
Simon
7 months 16 days ago

Will this work with any broker?

Guest
nick
6 months 25 days ago

Can this trade metals. Any. recommendations on type of pairs to trade. High ATR or lower band

Support
6 months 25 days ago

Yes

Guest
John
4 months 28 days ago

Can you run this EA on a demo account, connect it to Myfxbook and show us the result?

Support
4 months 19 days ago

Pls check out the product page

 
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