Introduction: The World of No Nonsense ATR Robot
Welcome to the era of automated Forex trading. The No Nonsense ATR robot is a simple yet powerful tool designed to execute trades in a systematic, emotion-free manner. However, before you set your hopes high, remember that even the best strategy isn't free from market risks. Always be ready to embrace unpredictable market conditions with a smirk.Installation and Configuration of No Nonsense ATR
Installing the No Nonsense ATR robot is as simple as it gets. After downloading the MQL5 file from the author's website, paste it into the 'Indicators' folder of your MetaTrader application. Next, restart your MetaTrader platform and find the robot in the 'Navigator' tab under 'Indicators'.To configure the robot, drag and drop it onto your desired chart. The 'Inputs' tab in the dialog box that opens allows you to personalize the settings. I recommend starting with a demo account before diving into real trading.
Remember, with forex trading, there’s no “one size fits all” - play around with the settings until you find what resonates with your trading style.
Experience with the No Nonsense ATR Robot
My time with No Nonsense ATR has been generally positive. It's not some magical tool that guarantees instant riches, but it does offer a systematic way of placing trades. Some users reported an error E05; I found that restarting MetaTrader often resolves this.As for backtesting, No Nonsense ATR makes it a simpler process compared to manually tracking wins and losses. However, do remember, even the most optimistic backtest doesn't guarantee future success. It is always critical to keep an eye on your money management.
Tips to Enhance Your No Nonsense ATR Experience
To avoid falling into the over-optimization trap, try to limit the number of parameters you're adjusting. The No Nonsense ATR should be used as a tool to complement your trading strategy, not to dictate it.Don’t forget to regularly check your Expert Advisor tab for any errors or faulty trades. And finally, always remember to trade with money you can afford to lose. Forex trading is a risky business and not for the faint-hearted.
No Nonsense ATR Source Code
While the original No Nonsense ATR source code isn't publicly available for viewing, we do have a version created by EASY Trading Team, based on the robot's description on MQL5. If you're interested and want to have a look at this code, don't hesitate to ask us on easytradingforum.com. Keep in mind, we're not selling the No Nonsense ATR, but providing a version of the code for educational purposes only.
Code:
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