Topic: Power of FSB
Hi FSB Family,
I am not a Developer, but I had a Company in the past with some developers and understand most of it. I started Algo-Trading with Metatrader and Tradingview and used ChatGpt to write the Indicators for me. I am very happy with that, but I want to go the next step. I automated everything in my last company and love to see things running smoothly.
This is exactly what I want to do in Trading. I started with the No Nonsense Forex Strategy which has a clear Framework and works with Indicators. I aim to use FSB to build it. I tried to write down the rules and attached them here. Can someone tell me if these points are possible to integrate? Bye the way: I have most Indicators in mq4 or pinescript.
Really appreciate any answers
NNFX (No Nonsense Forex) Trading Strategy Requirement Specification
1. ATR (Average True Range)
Objective: Determine market volatility for setting SL, TP, and Trailing SL.
Various period lengths (e.g., 14, 20, 50)
SL Multipliers (e.g., 1, 1.5, 2)
TP Multipliers (e.g., 1, 1.5, 2)
Trailing SL Multipliers (e.g., 0.5, 1, 1.5)
Objective: Establish the basic direction of the trade (Long or Short).
Extensive Indicator Options: Kijun-Sen, SMA, EMA, SMMA, LWMA, TEMA, DEMA, HMA, FRAMA, AMA, JMA, KAMA, Kalman Filter, T3, GD, Lurch, BB Stops, Parabolic nSAR, Top Trend, McGinley DI, ATR Stops, VIDYA, Low Pass Filter, Trade with Trend, VWMA, etc.
3. Confirmation (C1)
Objective: Additional confirmation for the trade direction.
Extensive Indicator Options: JA, ASH, ASO, SSL, AROON UP DOWN, CMF, ADX, HEIKIN ASHI, RVI, REX, DIDI Index, STC, TDFI, RAVI + MA, TSI, DPO, ATR + MA, T3_ADX, Forex_Index, Parabolic SAR, WAE, WAE Ext, VQZL, VZO, RSX, QQE, iTrend, FX SiperVS, RSIOMA BARS, RSIOMA LINES, LEMAN TREND, CHANGE QSTIK, PRE TREND HISTO, SDL MAM, VOLATILITY RATIO, SPEARMAN, MACD, ZEROLAG MACD, IMPULSE MACD, MA MIRROR, KUSKUS S, KUSKUS S + MA, AAS, TOP TREND, TRIX, TMMS BARS, TMMS BALLS, SOLAR WIND, J TPO VELOCITY, SQUEETE BREAK, DANIAMI, ACCELERATOR, ACCELERATOR LWMA, AWESOME, BRAID FILTER, MOMENTUM OSC, VERTEX, etc.
Objective: Additional confirmation via trading volume.
Extensive Indicator Options: The same as in C1, especially those related to volume.
5. Second Confirmation (C2)
Objective: Further confirmation of the trade direction.
Extensive Indicator Options: The same as in C1.
Objective: Determining the optimal exit point.
Extensive Indicator Options: The same as in C1 and C2.
Continuation Trades: Entry opportunities following the initial trade.
NEWS: Consideration of news events.
EVZ: Consideration of the Euro Volatility Index.
One Candle Rule: Maximum of one additional candle to wait if one indicator does not give the "Go."
NEWS Exit: Exit rules based on news events.
EVZ Exit: Exit rules based on high EVZ.
Trailing Stop Loss and SL to Break Even: Dynamic adjustment of the Stop Loss.
Pullback Strategy: Entry after a price correction.
Capability to combine different indicators and their parameters.
Selection of the top 50 combinations for forward-testing and live trading.
Support for Metatrader is required.
Consideration of Open PL, especially in relation to Daily Drawdowns and Max Drawdowns.
Testing on multiple timeframes (e.g., M15, H1, D1).
Testing across approximately 35 pairs from Forex, Gold, Silver, and Crypto.
Thanks in advance,