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Re: NLFX (Never Lose Forex) Strategy ?

benpaton, Sun Apr 19, 2020 1:43 am

I find this strategy really intriguing! I've been trying to work out if it's real or not. It's a shame the outside link in the above post is not allowed. I have tried to recreate an approximation of this strategy as best I can in metatrader 4 as below in the screenshot after hunting around the for the various indicators, you can get a very close to a similar looking setup. I was hoping by re-creating how it looked in metatrader and revisiting some of the trades I would get idea of how the strategy works. Anyone fancy helping with this? I would pay for the strategy but after two years of trading, a few blown accounts and shelling out more money than I should have to so called guru's I'm a bit wary of buying anything additional now and I don't really have that kind of spare money to spend with the current coronavirus situation and being out of work, but would quite happily pay if it worked.

Anyway I find reverse engineering things like this really fascinating from what I can tell it's something to do with ADR and perhaps round numbers or key levels. I don't quite understand the candle body points value above or below each candle and what the purpose of that is? It is certainly different to the way I've traded in the past, which is a good thing since I'm definitely part of the 95% thus far :( They talk about two key strategies A and B. A seems to be a quick scalp for around 30 points and B being the longer running trades which run to a level I think. I'm thinking strategy A looks like the setup is apparent once a key level or the daily ADR is broken?

Anyway I'm aware this is my first post on this forum so I hope it's within the guidelines. I've been a lurker for awhile and have found the expertise and resources on forex-station to be among the best.

Would be interested to here any other peoples opinions or knowledge on this strategy!
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