No Nonsense Forex Volume Indicator
Most people have no idea what they re doing and they would not know a great trend indicator if it hit them in the face.
No nonsense forex volume indicator. Has anybody here had success with no nonsense forex s indicators only style of trading. It works best when combined with a trend indicator and multiple confirmations. This video was made for traders who have gone through all of the material so far. This post is a response to all of the questions coming in on how to properly backtest all of the new indicators that listeners of the forex q a podcast have been discovering.
If you want an overly detailed definition with a bunch of history and stuff you can t use no nonsense forex is not the place. Some are no longer operational but the indicators are still there to download. If you know how to determine if enough of it is there for you to make a good trade you can move mountains. Would you rather know this or be constantly guessing.
There are a good 5 6 places i get mine from. Have spent quite some time now trying to develop my own algorithm by following his process and so far it s just barely profitable on the backtest. Overtrading too many indicators no backtesting anger trades etc. Forex volatility indicators are now in play as they attempt to do the same thing for us that volume indicators do.
I feel bad for trend traders who don t have a good volume indicator. Forex chart patterns so pretty but so deceiving by no nonsense forex. I have been trading forex for a few years now and i have fallen into every trap you could imagine. Forex trading discipline you have no choice.
This is how to backtest an indicator based on the no nonsense forex method of trading. Their ratings mean nothing. The atr is actually very easy and the part the 99 try and use to predict where price is going isn t even the part you should be using. What does the atr indicator do.
That is why i decided to make a very quick guide on how i think everyone can. It was recently featured in an episode of vp s no nonsense fx which drove me to recreate. A quick tip is to ignore the star rating at the place i linked. In essence the ssl is a moving average crossover which immediately down grades it to a 2nd or 3rd level of confluence in my opinion.
A good one of. Forex volume indicator our oxygen meter by no nonsense forex.
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