Description
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.
Added Features:
- 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 have included several other algorithms to avoid potential losing trades and increase profitability.
EA Specs
| Product name | FRZ No Nonsense Forex Strategy EA |
| Current version | 8.1 |
| Platform supported | MT4 |
| Timeframes supported | Daily chart |
| Supported pairs | Any currency pair |
| 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 | It is recommended to use the EA on as many charts as possible to increase trading. |
| Recommended broker | Any broker low spreads and fast execution |
| Recommended min. deposit | $500 ($1000 recommended). 2% of the balance per trade is recommended |
| No. of accounts per purchase | Single purchase includes license for three (03) MT4 accounts (including any DEMO and real accounts). You can submit your accounts numbers after purchase. You can not change the account numbers afterwords. |
| Support | Free support for installation |
A good VPS server is recommended for this EA as it needs to be running 24/5 on many charts.
Back-testing Results
Please note that past performance of any trading system is not necessarily indicative of future results. Full terms and conditions are given here
Disclaimer: 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.
Gasto Muñoz –
Wow. Really good. never thought NNFX can be automated well done.
Yijun Sousa –
Great work, great support. doing well so far.
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
Kanish Sharma –
Overall good. It doesnt make frequent trades but so far maintained around 65% winning rate. Good support team.
Daniel –
High winrate and small drawdow but infrequent trades. Good support.