The Academy of Forex
The video tests the nnfx baseline tool, which uses moving averages to interact with price action and give buy or sell signals. Only 18 of the 40 trades were profitable, not meeting the 60% success criteria. The video encourages viewers to join their Patreon for access to more trading knowledge.
Testing the nnfx Baseline Tool: Does it Live Up to Its Hype?
Introduction
In the quest to build the best trading system possible, we at the Academy of Forex are constantly testing different strategies and indicators to find what works and what doesn’t. In this article, we will be focusing on the nnfx baseline tool, which we have used in the past with mixed results. But before we dive into the testing, here are some important reminders:
– If you have not watched the previous videos on our channel, we highly recommend you do so to understand the context of our testing.
– We have provided a link below to sign up for Trading View. By using our link, you can save some money on your account.
– Join us on Discord to get access to our exclusive trading community and receive winning indicators, strategies, and advanced trading advice.
– If you’re interested in a list of all the indicators we’ve tested and their win rates, consider joining our Patreon for just $9 a month and receiving the complete list.
Now, let’s dive into the nnfx baseline tool and see if it lives up to its hype.
The Setup
The nnfx baseline tool is a no-nonsense forex tool that allows traders to plug in multiple moving averages and oscillating lines to interact with price action. It provides a clear signal for when to go long or short with green and red arrows respectively. We set the tool to a 30-period setup, which is the same as all the other moving averages we’ve tested.
However, there’s an extra component to this tool that we don’t typically see in testing, and that’s the use of the average true range (ATR). It’s represented by two black lines that are used in conjunction with the rest of the no-nonsense forex rules. But we don’t follow those rules exactly, so we won’t be utilizing the ATR in our testing.
The Testing Process
We tested the nnfx baseline tool on the forex market and recorded all the trades we made. We had a total of 40 trades with 18 winning trades, which doesn’t meet our 60 criteria. It’s not surprising, as we’ve tested many moving averages before, and they tend to have a 50/50 win rate.
We recorded all the trades we made and noted the setup for each. When we got a red arrow pointing down, we went short, and when we got a green arrow pointing up, we went long.
The Results
In total, we made 40 trades with 18 of them being profitable. While it didn’t meet our criteria of at least a 60% win rate, it’s important to note that all forex indicators and strategies have their ups and downs.
Conclusion
While the nnfx baseline tool didn’t meet our criteria for a successful indicator, it’s important to continue testing and trying out different strategies and indicators to see what works. At the Academy of Forex, we’re always striving to improve our trading system, and we hope this article has provided some valuable insights for you as well. Remember to watch our previous videos, sign up for Trading View, join us on Discord, and consider becoming a patron for access to our complete list of tested indicators and strategies.
