Scribd Logo
Upload

Welcome to Scribd!

  • 1K views

    Jj's NNFX Trade Plan Example

    Uploaded by

    rex
    The document provides an example trade plan for an algorithmic trading strategy. It details the initial account size, risk tolerance, goals, indicators and settings used by the strategy. It also outlines the entry and exit rules, trade management approach, risk management, and daily trading routine.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    Jj's NNFX Trade Plan Example

    Uploaded by

    rex
    1K views1 page
    The document provides an example trade plan for an algorithmic trading strategy. It details the initial account size, risk tolerance, goals, indicators and settings used by the strategy. It also outlines the entry and exit rules, trade management approach, risk management, and daily trading routine.

    Original Description:

    -

    Original Title

    jj's NNFX Trade Plan Example

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    The document provides an example trade plan for an algorithmic trading strategy. It details the initial account size, risk tolerance, goals, indicators and settings used by the strategy. It also outlines the entry and exit rules, trade management approach, risk management, and daily trading routine.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    1K views1 page

    Jj's NNFX Trade Plan Example

    Uploaded by

    rex
    The document provides an example trade plan for an algorithmic trading strategy. It details the initial account size, risk tolerance, goals, indicators and settings used by the strategy. It also outlines the entry and exit rules, trade management approach, risk management, and daily trading routine.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    NNFX Trade Plan Example Algo name: _JJ’s Forward test_ Ver: __03_

    Initial account size $5000


    Risk Tolerance 2% ($100/trade)
    Goals Win rate: 60% +
    ROI: 9% +
    Profit Factor: 1.4 +
    Draw Down: 4% -
    NNFX Indicator Settings
    Algorithm ATR NNFX ATR (14)
    C1 ASH (0, 6, 4, 4, 0)
    C2 Super trend (10, 2.3)
    BL LWMA (20 on close)
    Vol WAE (sensitivity 150, dead zone 2500, exp 15)
    Exit BBPRC (default)
    Other
    Timeframes Daily - NY close - 5:00 pm EST
    Entry Rules *Use NNFX Entry Rules flow chart
    C1 Entry ASH changes color + on right side of BL + w/in 1ATR + Super trend agrees +
    WAE volume is above both lines – 1CR applies
    BL cross Price closes on other side of BL and all others align (as above)- 1CR does not
    apply
    Continuation Prior entry signal, prices has not closed opposite of BL, FPS changes color with
    trend – ignore 1ATR and volume
    Exit Rules *Use NNFX Exit Rules flow chart
    Exit indi BBPRC crosses back over zero line
    BL cross Price reverses and closes on other side of BL
    C1/C2 Flip ASH or Super Trend change to opposite color
    Trailing SL Once price hits 2ATR, set a TS equal to 1 ½ ATR at trade entry
    Trade Entry Strategy Enter 2 trades:
    • First trade has SL 1 ½ ATR and a TP set to 1 ATR
    • Second trade has SL 1 ½ ATR, no TP
    Trade Management • Once first trade hits TP, move SL of second trade to break even and wait for exit
    signal.
    Risk Management • Each trade will be set with a risk of $50 (1% of account)
    • Lot size will be dependent on the Stop (number of pips at risk):
    • Use NNFX Trade Assistant to calculate and execute trades
    Dailey Trade Routine Earlier in afternoon:
    Monday - Friday – Check VIX to ensure >8
    – Check news for next 24 hours and record on whiteboard relevant pairs to avoid
    – Write down current open trades in trade journal notebook
    ½ hour prior to candle close, 4:30 pm EST:
    – Check on open trades and manage stops, and exits as appropriate
    – Scan for new trades, and open as appropriate
    – Record information in trade journal notebook
    Other notes or - Always trade in the direction of the trend
    “Golden Rules” - Always follow your plan, listen to your system
    - Don’t give up
    - Keep on testing and improving
    - Find support in community (Discord, YouTube)

    You might also like