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FRZ No Nonsense Forex Strategy EA Robot

(13 customer reviews)

$350.00

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FRZ No Nonsense Forex Strategy EA Robot

Description

FRZ No Nonsense Forex Strategy EA is based on the popular No Nonsense Forex Method (NNFX). NNFX is a strictly rule-based manual trading method with strict risk management techniques. We have created our own EA based on the NNFX method (subject to our own modifications) and we have decided on our algo/indicators and optimal settings after extensive back/forward testing. The EA can be used in daily or H4 charts.

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.
  • 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.

Verified Live Account

EA Specs

Product name FRZ No Nonsense Forex Strategy EA
Current version 11
Platform supported MT4
Timeframes supported Daily or H4
Recommended pairs [updated] EURUSD, GBPUSD, USDJPY, USDCAD, AUDUSD, EURJPY, GBPCHF, AUDCAD, AUDCHF, CADCHF, NZDCAD, NZDCHF
Recommended broker

EA works with any forex broker. 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 $500 at a minimum. Any leverage.
License

Single purchase includes a lifetime 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 free updates that can be requested here.  (updates are free for the originally licensed account numbers only).

Additional licenses can be purchased here.

FRZ No Nonsense Forex Strategy EA Robot
VPS requirement

You need to run the EA 24/7. VPS is recommended unless you can keep your PC running 24/7. We can recommend this provider as a VPS provider, which is fast and affordable. 4GB RAM VPS is enough for this EA.

FRZ No Nonsense Forex Strategy EA Robot
Support

Free remote desktop support for first installation (please request here). General live chat, support ticket and email support are available thereafter. However if you need remote desktop support for any automation beyond this scope, you can hire one of our experts at an additional fee.

FRZ No Nonsense Forex Strategy EA Robot

A good VPS server is recommended for this EA as it needs to be running 24/7 on many charts.

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. We recommend up to 2% per trade. However, if you have enabled the entry price optimization (setting 9), then it is better to reduce this to 1% or 0.5% (low risk).
  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. 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.
  8. Maximum Concurrent Trades => You can limit the account-wise maximum no. of trades in order to reduce the risk.
  9. Optimize Entry Price => IF enabled, the EA may use averaging techniques to optimize the entry price. Please note this is not a rule in NNFX trading. However, this can increase profitability while increasing the risk as well. We recommend having this enabled.

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) on daily charts.

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
2 years 4 months ago

Do you provide source code?

Support
1 year 11 months ago

No

Guest
Barry M
2 years 2 months ago

Does it follow all NNFX rules?

Support
1 year 11 months ago

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

Guest
Jonthab K
2 years 1 month ago

Can I use it on H4 charts?

Support
1 year 11 months ago

Daily chart recommended

Guest
Heshan
2 years 6 days ago

Will it work on MT5?

Support
1 year 11 months ago

No

Guest
Henathk L
2 years 5 days ago

Is this strategy approved by VP?

Support
1 year 11 months ago

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

Guest
Penod J
1 year 11 months ago

What is the TP & SL?

Support
1 year 11 months ago

You can set based on ATR

Guest
P A Meadows
1 year 7 months 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 7 months ago

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

Guest
ciller
1 year 5 months ago

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

Support
1 year 5 months 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
1 year 5 months ago

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

Support
1 year 5 months 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
1 year 5 months ago

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

Support
1 year 5 months ago

Yes it works on Mac. you need MT4 for Mac

Guest
mark Gavin
1 year 4 months 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
1 year 3 months 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
1 year 3 months ago

Unfortunately, we do not provide demos.

Guest
Bill Scorch
1 year 2 months ago

How can I get unlimited licence version of this EA?

Support
1 year 2 months ago

We dont provide such license.

Guest
Ravi Chandiran
1 year 1 month ago

Does this require Back Test and Optimization?

Support
1 year 1 month ago

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

Guest
Simon
1 year 1 month 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
1 year 1 month ago

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

Guest
pasobell
1 year 1 month ago

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

Support
1 year 1 month ago

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

Guest
Simon
1 year 1 month 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
1 year 1 month 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
1 year 1 month ago

Are automatic updates for new versions included once bought?

Support
1 year 1 month 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
1 year 1 month ago

Will this work with any broker?

Guest
nick
1 year 1 month ago

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

Support
1 year 1 month ago

Yes

Guest
John
11 months 3 days ago

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

Support
10 months 24 days ago

Pls check out the product page

 
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