Strategy - Cryptosystem NNFX way

First script done!

This is my version of the No-Nonsense Forex (NNFX) Strategy

This strategy shows you the entry and exit signal with a standard 1.5 x ATR for Stop Loss and 1 x ATR for Taking Profit. You can adjust the settings to your needs.

This strategy uses 5 indicators:

1. Average True Range for SL and TP placement, there is a nuance where you can add the 1XATR Rule;
2. SMA used to filter longs and shorts;
3. SSL Channel for 1st Confirmation;
4. DPO for 2nd Confirmation;
5. Waddah Attar Explosion as a volume indicator.

There is no exit indicator because I coded 2 trades (2x0.5). TP1 will be at 1xATR and TP2 will automatically trail behind with 1.5XATR. You can see the red trailing line on the charts.

Other exits can be: When SSL gives opposite signal or when price crosses and closes your baseline.

I used this system for 1D timeframe.

Hopefully this can be usefull for your tradingstyle.

Would be great if you guys leave a like.

Thanks!

ملاحظات الأخبار:

Script update!

This is my version of the No-Nonsense Forex (NNFX) Strategy

This strategy shows you the entry and exit signal with a standard 1.5 x ATR for Stop Loss and 2 x ATR for Taking Profit. You can adjust the settings to your needs.

This strategy uses 5 indicators:

1. Average True Range for SL and TP placement, there is a nuance where you can add the 1XATR Rule;
2. SMA used to filter longs and shorts;
3. SSL Channel for 1st Confirmation;
4. DPO for 2nd Confirmation;
5. Waddah Attar Explosion as a volume indicator.

There is no exit indicator because I coded 2 trades (2x0.5). TP1 will be at 1xATR and TP2 will automatically trail behind with 1.5XATR. You can see the red trailing line on the charts.

Other exits can be: When SSL gives opposite signal or when price crosses and closes your baseline.

I used this system for 1D timeframe.

Hopefully this can be usefull for your tradingstyle.

Would be great if you guys leave a like.

Thanks!

ملاحظات الأخبار:

Update:

- Changed the settings for testing to 2026 instead of 2022.
- Adjusted ATR take profit to 1.66, free to adjust as you like.
- Adjusted the name in the settings for SSL display mode.