Peter_O

NoNonsense Forex - high timeframe trading absurd NON-REPAINTING

Some time ago I bumped into NoNonsense Forex - pretty good-looking course with well-designed videos, reasonable rules, etc. Nice explanatory videos, not selling anything, building indicators-only strategy. But there was one thing that really annoyed me - it was supposed to work only on Daily timeframe . What is the point in trading such high timeframe, if decisions changing market direction are playing out within 1 minute? What is the point in evaluating trades from 1994 if we are 25 years later?

Anyway, I have developed this strategy, which is:
- non-repainting
- not using trailing-stop
- not using any other known TradingView backtest bugs
And I'm showing it as an example of OVERFITTING. Backtesting results look absurd: 100% profitable. But if you change any of the many parameters in the Settings popup, they will turn into disaster. It means, the rules of this strategy are very fragile. Don't trade this! Remember about backtesting rule #1: past results do not guarantee success in the future.

I'm giving this strategy out with the source code. Feel free to do anything you want with it. But if you find parameters or modifications on, which allow profitable trading on lower timeframes, don't be shy, let me know :)

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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Want to use this script on a chart?
I auto-execute TradingView Alerts into MT4/MT5 using this: https://www.tradingconnector.com 1-second delivery. Ping me if you need support with installation.