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Nononseforex

NononsenseForex Trading AlgorythmThe is a simple and free system put together based on the Nononsense approach to forex trading. Risk & Money Managment use max 1-2% per each trade set your stop loss to 1.5 times the ATR (average true Range 14) Due to the limit of 3 indicators it is not added to the chart Buy when price crossed above the Moving average and volume spiked above the Line on the Waddah attar explosion indicator set your first take profit to 1 times the ATR and close half of your position upon completion. Move stop loss to break even Set a trailing stop of 1 times the ATR. Exit when price crosses below moving average or changes direction on the absolute strength indicator Sell trade is the inverse of a buy System Includes ATR - For Money and trade management Baseline - 21 Period exponential moving average 1 st Confirmation - absolute strength oscillator 2nd Confirmation - Wadda Attar Explosion Volume - Wadda Attar Explosion Exit - Absolute strength & moving average Due to the limitation of the free membership from Trading-view only 3 indicator can be loaded on a chart at once. The system has space for improvement in the future. Happy trading folks -Macklean
by macklean758
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