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No nonsense Forex - VP

  • #41
  • Apr 17, 2020 4:55am Apr 17, 2020 4:55am
im not on it i must admit .....i limit my social access when trading live ....
  • #42
  • Apr 17, 2020 6:48am Apr 17, 2020 6:48am
Quoting ppwest
{quote} A string of conversations....see attached screenshot. {image}
Thanks! unfortunately this possibly is so chaotic as the discord group. How I miss times when forums were ok..
  • #43
  • Apr 17, 2020 7:56pm Apr 17, 2020 7:56pm
I feel VP has freely given much excellent info. I am grateful for his breadcrumb approach.

If someone gives you the magic indicator, and you try it for a day or 2 and don't hit gold immediately, you lose confidence in it, and now have someone to blame. With current leadership (US) it's easy to climb on the "It's not my Fault" train. and blah blah.

I've developed some of my own answers to the BYO Algo. If anyone else cares to share, exchange, please PM me.
Darryl
  • #44
  • Edited 8:16pm Apr 17, 2020 7:59pm | Edited 8:16pm
Quoting TradeRancher
Hi Butama. I follow No Nonsense Forex, but I am finding it hard to find good indicators to complete the Algorithm. I have the ATR and understand the 1.5 Ratio. I have done the Risk Video and understand the 2% Risk and have learned how to calculate it and understand limiting Exposure on the same currency. I have found nothing better than SSL channel Indicator and use Hull Moving Average as a confirmation indicator which I found MQL5. Although Hull Moving Average often indicates entry before SSL Channel Indicator. Basically I am fed up looking and...
Hi TradeRancher, my algo is amended from the NNFX recommendations. I use x8 indis not x5. I manage trades my own way, not wholly in accordance with VP. It goes like this - ATR, Baselines x2, Confirmation, Secondary Confirmation x2, Volume, Ultratrend.

1) Always trade with the trend, don't worry about reversals, regardless what your confirmation indicators signal. You can do this visually. However, I use ultratrend, and, only for quick reference (see attached)

2) Better Volume (see attached)

3) From memory piece #2 is Baseline. Hull ma is good. Try looking at something that doesn't follow price too closely. (I use a 44 period sma plus x1 other)

4) Absolute strength with Hull will give plenty of signals, ultratrend will negate many. Look for other indis (secondary confirmation indis) that will keep you out of potential bad trades. (I use x2 indis for this)

5) I've had issues with exits. Ultimately, you need the trade to play out. Trades that have trended exit on my manual trailing stop ie. I change it daily when the trade is in my favour. Sometimes, when in a trend and there is a news event pending, I'll use a tight dynamic trailing stop to defend my profit. Others I've exited whenever the first of my indis signal.

6) Don't only look the indicators on your chart, research them, find out how they work, how to read them, modify the inputs, add levels, remove elements.

Sources for indis -
https://www.mql5.com/en/forum/175037 this is a very long thread where traders ask coders to write or amend indicators, some goodies in there.
https://www.abysse.co.jp/mt4-e/index.html there's a few thousand here.

Discord. I've found it a useful source of indicators (none of which I now use) but not so good for discussion. Everyone in there are at different stages, many are dismissive of newbies asking questions that are answered already, or, covered in the content provided by VP etc, and some, like all social networks think they are experts. I've not been in there for over 3 months now.

My advice is keep soaking up the content, wherever you can find it. Listen to Cam Hawkins podcast interviews with traders - tradingnut.com. There's something to take out in every interview, even if you it sends you down a bottomless rabbit hole. Then, before you jump in, go back to the very beginning of NNFX and start again, there'll be something you missed or glossed over the first time. Use the solid foundation and structure NNFX gives and build a trading style and strategy that suits your lifestyle, personality and goals.
Attached File(s)
File Type: ex4 ultra_trend_basic_smooth_nmc.ex4   25 KB | 1,302 downloads
File Type: ex4 bettervolume_1.5_alerts_nmc.ex4   24 KB | 1,203 downloads
File Type: mq4 AbsoluteStrenghtHisto_v2.mq4   17 KB | 1,071 downloads
  • #45
  • Apr 17, 2020 11:59pm Apr 17, 2020 11:59pm
@diamonddbw
Thank you for sharing.
  • #46
  • Apr 18, 2020 12:10am Apr 18, 2020 12:10am
Quoting diamonddbw
If anyone else cares to share, exchange, please PM me. Darryl
Sorry, my previous message was NOT for Darryl (@diamonddbw), who prefer to carry on sharing privately but for:

@butama
Thank you so much for sharing these information openly. Like @CoinHunter I always had difficulty to find what I was looking for on the Discord group.
  • #47
  • Edited 9:54am Apr 18, 2020 7:31am | Edited 9:54am
Please have a look at this indicator (suggested by VP), evaluate it, work with it, and see if you find salient information in it.

I've added two lines, the 100 & 400 levels. To me, these represent a general area of no real price direction, and very little volatility. Your own personal pair, VIX indicator, if you will.

I chose the 26 EMA as my Balance indicator. Generally if price is above, it's a long, below a short.

I'm also working with 3 other indicators; 2 exit indies, and one direction indicator. They all have some value, just not sure how much. Will discuss those later.

Would appreciate any feed back on this one. And for those that always look for nefarious intentions, you will always find what you're looking for, or at least waste valuable time in search of worthless shit. Whilst others will be busy working on a clear path moving forward.
Attached Image (click to enlarge)
Click to Enlarge Name: Absolute Strength Indy.png Size: 90 KB
Attached File(s)
File Type: mq4 ASH.mq4   3 KB | 927 downloads
  • #48
  • Apr 18, 2020 10:13am Apr 18, 2020 10:13am
settings for above indy
Attached Images
  • #49
  • Apr 19, 2020 7:44pm Apr 19, 2020 7:44pm
Hi Everyone.

Apologies, haven't been on forum for a while.

Thank you butama and diamonddwb for all the information an direction.

Brain is fried looking at indicator information, currently trying to file indicators and info on how to use them in some sort of organised chaos.

Will certainly be looking at everything here in due course.

diamonddwb, having took a quick look at the picture of your Absolute Strength Oscillator, your settings seem to have it taking and exiting trades very well. I knew nothing about price direction until reading what you posted.
The 100 400 levels seem to have captured the range of no price action/direction really well.
Was thinking the better volume indicator or iBetterVolume indicator would possibly be a good confirmation to go along with this.

butama has posted better volume above.

ibettervolume is very similar

https://www.mql5.com/en/forum/177158/page35


Regards,


TradeRancher
  • #50
  • Apr 20, 2020 6:25am Apr 20, 2020 6:25am
Good morning all from the UK.

I'm new to this site but I too have been watching VP's videos and reading his blogs etc. It is fairly clear that VP is 'fishing' and once he has enough little sprats in his net he'll reel them in and gut them for every penny he can extract.

Having said that his videos on psychology, trade management and money management are very good as are his warnings about how the banks manipulate price to screw you over.

Listen carefully and VP explains that the reason a breakout out indicator is so useful is because it is lagging so it stops you getting into a trade before the breakout is properly established.

Of course there has never been an indicator (nor will there ever be one) that predicts a breakout, unless you can find one that predicts the future ( and that is called a crystal ball)

After all, a breakout is simply a move above or below a period of consolidation and if you can't see that without an indicator you need your eyes ( or your IQ) testing.

And that, of course is why VP will never reveal his wonderful entry indicator. It's because it doesn't exist.

I recall a comedy sketch where a couple get naked but no matter where they went their private bits were obscured by either a vase or a plant etc etc. VP's videos remind of that sketch. Just when you think he is going to show you his meat, smoke gets blown in your eyes.

However, what indicators are very good at is adding discipline to your trading, particularly with respect to ongoing trade management and exit strategies. Indicators can help you to avoid jumping ship too soon, leaving profits on the table, or staying in a failed trade too long so that a loss becomes a disaster.

It's a pity that VP is not honest about this. If he were to cut the bullshit his teaching would be excellent but, of course, if he did he would lose most of the wide-eyed, desperate disciples that live in the hope they will be among the chosen ones to whom he will eventually reveal his Holy Grail.

Dream on
  • #51
  • Apr 20, 2020 8:30am Apr 20, 2020 8:30am
Quoting thedentist
Good morning all from the UK. I'm new to this site but I too have been watching VP's videos and reading his blogs etc. It is fairly clear that VP is 'fishing' and once he has enough little sprats in his net he'll reel them in and gut them for every penny he can extract. Having said that his videos on psychology, trade management and money management are very good as are his warnings about how the banks manipulate price to screw you over. Listen carefully and VP explains that the reason a breakout out indicator is so useful is because it is lagging...
++++++++++++++++++++++++++++++++

Sorry to hear you feel that way.

I'm not going to get in a dispute over what your beliefs are, or aren't. Do I question many things in my life? Of course! We would be fools not to.

One lesson I learned (quite early, fortunately) is that if you spend an inordinate amount of time, looking for a bag of shit, you will find it. Meanwhile, you could have been doing things you know can be productive, thereby improving your overall outlook, and maybe learning something.

I've been a student of 4X since 2005, less a short 3 year stint of having to keep my outside business rolling. I have seen a myriad of hucksters on this road. And your right, many of them end up asking for your hard earned money. VP is not one of them. Will he ever be? No idea. To this point he has been making these vids for over 2 years. How many people do you know that would put themselves out there to that extent, never asking for $ ? And if he does, so what?

All I can do is continue to study what he has put forth, and do my OWN work to learn from it.

Just my opinion, also.
Darryl
  • #52
  • Apr 20, 2020 2:59pm Apr 20, 2020 2:59pm
Quoting TradeRancher
Hi Everyone. Apologies, haven't been on forum for a while. Thank you butama and diamonddwb for all the information an direction. Brain is fried looking at indicator information, currently trying to file indicators and info on how to use them in some sort of organised chaos. Will certainly be looking at everything here in due course. diamonddwb, having took a quick look at the picture of your Absolute Strength Oscillator, your settings seem to have it taking and exiting trades very well. I knew nothing about price direction until reading what you...
Here is a quite detailed video explaining how to read and use bettervolume - https://emini-watch.com/free-stuff/volume-indicator/

On first glance ibettervolume appears to be enhanced with a descriptive key to the colour code.
  • #53
  • Apr 20, 2020 5:14pm Apr 20, 2020 5:14pm
Hi butama.

Thanks for the video and all the information you posted further up, much appreciated.

If you or anybody else haven't already seen it, this pdf is for the Better Volume Indicator, the table on page 2 can be adapted for ibettervolume which I think is basically the same indicator in a new skin, both seem to give identical signals, the setting for ibettervolume are on the MQL5 webpage.

https://www.mql5.com/en/forum/177158/page35



Regards


TradeRancher
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 155 KB
Attached File(s)
File Type: pdf Better_Volume_Indicator 2.pdf   322 KB | 1,375 downloads
  • #54
  • Apr 21, 2020 5:40am Apr 21, 2020 5:40am
he is best and all trader always geting benifited from him, all the best NONONSENSE
  • #55
  • Apr 21, 2020 6:42am Apr 21, 2020 6:42am
Quoting diamonddbw
{quote} ++++++++++++++++++++++++++++++++ Sorry to hear you feel that way. I'm not going to get in a dispute over what your beliefs are, or aren't. Do I question many things in my life? Of course! We would be fools not to. One lesson I learned (quite early, fortunately) is that if you spend an inordinate amount of time, looking for a bag of shit, you will find it. Meanwhile, you could have been doing things you know can be productive, thereby improving your overall outlook, and maybe learning something. I've been a student of 4X since 2005, less...

Hey DB

Ive been trading Forex since 2000 and like you have seen just about everything......and plenty of scammers in my time

VPs whole concept is Free....there are some small spinoffs out there but nothing i would say made it in any way a scam or affiliate business model

He has spawned an army of Wannabees who again are semi-commercial, but again i dont think hes affiliated to them - they have just thrived under the VP umbrella

I exchanged correspondance with him after his Strengthmeter Video and he was polite and did accept that it could be possible to make money trading them (as I have for 20 years)...he just wasn't going to put the time in as he had his own system

I do not use any of the indicators ever recommended there and probably never will.....since its a a DIY site in reality it wil always continue to thrive

so good luck to them - on balance one of the good guys

N
  • #56
  • Apr 27, 2020 5:59am Apr 27, 2020 5:59am
VP hasn't re-invented the wheel here....he is just laying out what any decent trading plan should basically look like. Well close to it anyway. His videos are very slick and professionally done, where he has gathered a huge following....albeit a little cult like at times Don't get me wrong, he has some good stuff and presents very well without telling you too much about his own trading setup (not sure why). He has that touch of arrogance that probably annoys me a little, but that might just be cultural thing. I can guarantee you that even though he hasn't asked for any payment from anyone to date, he will be making a small fortune from his YouTube channel, his broker referrals and any other affiliate links he may have. It's a good little side business, and if you have watched enough of his videos, you would know that he is very keen on multiple streams of income. if you were just starting out in FX trading, then you could do a lot worse than VP's stuff. Cheers.
JAGfx
  • #57
  • Apr 29, 2020 7:32am Apr 29, 2020 7:32am
Quoting diamonddbw
Please have a look at this indicator (suggested by VP), evaluate it, work with it, and see if you find salient information in it. I've added two lines, the 100 & 400 levels. To me, these represent a general area of no real price direction, and very little volatility. Your own personal pair, VIX indicator, if you will. I chose the 26 EMA as my Balance indicator. Generally if price is above, it's a long, below a short. I'm also working with 3 other indicators; 2 exit indies, and one direction indicator. They all have some value, just not sure how...
ASH is similar to other indicators that can easily be found on the web
Attached Image (click to enlarge)
Click to Enlarge Name: ADX.png Size: 40 KB
  • #58
  • May 6, 2020 6:29pm May 6, 2020 6:29pm
Hi Everyone.

Haven't had a chance to be back here for a while, may thanks Hutch for the indicators shown.

I have been looking at this indicator, seems to be pretty good at getting in and out of trades.





Regards,


TradeRancher
Attached File(s)
File Type: mq4 AllHullMA Histo_v3.1.mq4   26 KB | 675 downloads
File Type: mq4 AllHullMA_v3.4 600+.mq4   78 KB | 686 downloads
  • #59
  • May 7, 2020 10:24am May 7, 2020 10:24am
Totally useless videos. The guy's eloquent and most of the clueless (low IQ) audience that follows him is too lazy to use google to get the free trading content available all over the internet. They are waiting for that secret indicator, in order to be able, with a push of a button to make millions. In my opinion, if he charges them, they do deserve as they can't use their brain and would most likely fail as traders anyways. They would pay him for the entertainment and dopamine rush that he is providing to them.


I've watched a couple of his videos and he is advocating the use of indicators which proves he is totally clueless about ..... well actually trading.
How can you claim to be an experienced trader with thousands of screen time and still need indicators to uncover price action signals that would help you in your trading decision? Anyways with some trading experience can easily uncover the end goal of such individual.
  • #60
  • May 8, 2020 7:32am May 8, 2020 7:32am
Quoting samuel2133
Totally useless videos. The guy's eloquent and most of the clueless (low IQ) audience that follows him is too lazy to use google to get the free trading content available all over the internet. They are waiting for that secret indicator, in order to be able, with a push of a button to make millions. In my opinion, if he charges them, they do deserve as they can't use their brain and would most likely fail as traders anyways. They would pay him for the entertainment and dopamine rush that he is providing to them. I've watched a couple of his videos...
++++++++++++++++++++++++
That explains a lot. Like why I normally only make 1 to 1 1/2% weekly, and 3% this week, following VP's general recommendations.

And did I mention I've never paid him anything?

If all you like to do is shoot off your mouth and talk smack about folks, maybe you should run for president.
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