Today we will introduce you to the new product Of the Forex Academy. So, meet – a new trading strategy No Pain Forex, which gives 200-300 % to the Deposit per year. All the details are in this article.

If You want to learn more about the new system, check out our free webinar. After spending just 1 hour, you will master the rules for building harmonic patterns, understand how to enter and exit a trade correctly, where to place stop loss and take profit, and also learn the principle of the author's indicators in the "NFP"strategy.

If you want to learn a clear algorithm of the "No Pain Forex" trading strategy right now, this article is for you.

The first part of the trading system is based only on indicators, most of which are proprietary or have modified input parameters. They complement each other and eliminate most false signals. 6 indicators clearly define the entry and exit points of the trade (profit and protective order).

We assign a certain number of points to the signals:

Modified exponential moving average (Exponential Moving Average indicator EMA) – 2 points

Smoothing Fibonacci levels – 1 point. It is also used for determining the SL level

The channel, the breakout of which will tell us about purchases or sales, as well as determining corrective price movements, with which we set pending orders – 1 point

Modified Pj-over RSI indicator (histogram) – 1 point

TTS indicator (something similar to the MACD indicator), which helps to determine the price movement – 1 point

ATR indicator to profit from it we take the profit

We start trading after all the signals show Buy or Sell. In this case, the risk for one transaction will be 3%, if we get 5 out of 6, the risk will be 1.5-2%. We will not consider other situations.

Trading is conducted on the H1 and H4 intervals (medium-term trading) and on a limited number of currency pairs.

This part of the "No Pain Forex" strategy makes a profit by trading exclusively on the trend. We sort of "pull out" the intervals of movements and, at the next opportunity, open a deal in the same direction, using, basically, a pending order of the Buy Limit or Sell Limit type.

We start trading after all the signals show Buy or Sell. In this case, the risk for one trade will be 3%; if we get 5 out of 6, the risk will be 1.5-2%. We will not consider other situations.

A little bit about timeframes

Before trading, we must clearly decide for ourselves which time interval is more attractive for us: H1 and H4? If you choose H1, we only trade on it and do not switch to the higher timeframe. By selecting H4, we do not go down to the lower time interval. This is an important rule for trading!

The entry points are determined after the Japanese candle closes or the limit pending order touches.

We set the stop at 10 points above/below the smoothing (red dotted) Fibonacci line, taking into account the nearest local maximum/minimum.

Before opening a position, we calculate its value so that when we touch a protective order, we do not lose more than 3% of the Deposit. It should also be divided into 2 parts of 1.5%. For example, if 3% of the Deposit is 0.7 lots, then you should enter two trades of 0.35 lots each. ATR with a period of 14 is used to determine the profit.

If we enter a trade after the candle closes, we need to look at its ATR value, after which we close the first part of the trade, move the stop loss for the second part to breakeven and close it when the double ATR value is reached.

If we enter a trade after touching a limit order that is placed 10 points above (with Buy Limit) or below (Sell Limit) the middle line of the channel, we determine the ATR by the neighboring closed candle, since the one on which we entered the trade is still in the process of forming. A protective stop loss order is based on the same principle.

The second part is countertrend trading using the"No Pain Forex" strategy. It includes finding and defining harmonic patterns on the chart and applying them in practice (ABCD, two or three movements, Gartley butterfly, crab, bat), which indicate at least a correction or global trend change.

Algorithm for constructing the "ABCD" shape»

Bullish "ABCD"model

We are looking for point A – the initial level of the "ABCD" formation.

An impulse upward movement from the" A "level and the appearance of a local maximum that forms the"B" point.

After the formation of a new maximum, the market takes a breather. On the chart, we observe a correction movement to approximately the level of 61.8, where the "C"will be located. This point is constructed by stretching the Fibonacci grid from point A to B.

Looking for the "D"point. Stretch the Fibonacci grid from "B" to "C". Level "D" will be at an altitude of 127 – 161.8.

The "AB" step should be approximately equal to "CD".

We sell from the" D "point and a potential profit at the level of 61.8 "CD"movement.

Bearish "ABCD"model

We are looking for point A – the initial level of the "ABCD" formation.

An impulse downward movement from the" A "level and the appearance of a local minimum that forms the" B " point.

After the formation of a new minimum, the market takes a breather. On the chart, we observe a correction movement to approximately 61.8, where the "C"will be located. This point is constructed by stretching the Fibonacci grid from point A to B.

Looking for the "D"point. Stretch the Fibonacci grid from "B" to "C". Level "D" will be at an altitude of 127 – 161.8.

The "AB" step should be approximately equal to "CD".

We buy from the "D" point and a potential profit at the level of 61.8 "CD"movement.

So, you have read the main rules of the No Pain Forex trading strategy, which gives 200-300% to the Deposit per year. If you want to learn more about it, welcome to our new course on this strategy!

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