Exit Indicators - Worth A Lot More Than You Think

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No Nonsense Forex

No Nonsense Forex

Күн бұрын

Going deep on exit indicators in Forex trading this time. The amount of pips you bank with a good one compared to none at all is staggering. You're going to want to get this part right. But as always, we do things just a bit different here.
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Пікірлер: 586
@warren1871
@warren1871 5 жыл бұрын
When to exit a trade is the most important piece of the puzzle which has a direct impact to our bottom line. Awesome video, thank you VP!
@anthonyfuqboi8211
@anthonyfuqboi8211 4 жыл бұрын
Just whipped together an algorithm and backtested one year on just one currency pair, came out with approximately +1,500 pips using the daily chart. I found your channel about 4 days ago. Thank you so F$&@ing much VP!
@iiiliiili1855
@iiiliiili1855 4 жыл бұрын
1500 pips what? per day/week/month/year?
@georgegonzalez2066
@georgegonzalez2066 5 жыл бұрын
VP, your approach to avoiding losses in order to be more profitable is a more wholistic strategy. Too many other “gurus” put too much emphasis on always winning while ignoring dealing with the inevitable loss. Well done!
@augustinetrading2207
@augustinetrading2207 5 жыл бұрын
As always, VP will always be VP. Thanks for your impact to my improved trading.
@x2ul725
@x2ul725 4 жыл бұрын
You were so correct. An exit indicator is worth just as much OR more than a good entrance indicator. I was using peaks and valley's and comparing highs and lows. Now thanks to my hard work I have 3 exit indicators, one doubles as 3rd confirmation and 2 more for runs and choppiness. Bringing up the fact that an exit indicator pretty much needs to keep you out of trouble but also give you some trends was helpful. Nothing is perfect but that is okay. I was so close and almost gave up on exit indicators. Until I watched this video. Great topic.
@elismoses5101
@elismoses5101 Жыл бұрын
Good evening, brother . Am kinda a new bee here with forex trading, have been recently trading with AI on MTFE but it's not that encouraging, so I guess I should go manual also, if you don't mind please what indicators do you recommend I use and what trading platform do you also recommend thanks bud
@kjpd-jkod5001
@kjpd-jkod5001 5 жыл бұрын
I generally dont agree with your opinion on the markets...... but...... I continue to hear you out as it is good to always challenge one's own understanding ...... and ever so often you add to my understanding or lead me to a path that facilitates positive growth. I must give credit where it is due. The use of indicators in the way you apply it is very powerful when coupled with a sound understanding of price action......Yes ! I am a price action junky.....
@tripham8817
@tripham8817 4 жыл бұрын
This man is a god send.
@pocket5s1
@pocket5s1 5 жыл бұрын
"...that really short FU candle..." funniest thing I've heard on a forex video yet. bravo
@sergeyouan8051
@sergeyouan8051 5 жыл бұрын
VP you are the best .. my results are good...Let it run now for three days like you say..I am winning around 2000 pips....I have three trades opened...thx Vp The system is good.... Again thx Vp
@NopeNope78
@NopeNope78 4 жыл бұрын
May I ask if your results are still great and some indicators you found useful?
@xddfan
@xddfan 4 жыл бұрын
may i know how you manage your stop loss? mine i followed the atr calculation given by VP. At first i seem to be winning hundreds of pips in the few hours. As i left it for longer, it has triggered my stop loss end up losing everything. (trying out daily frame)
@mullah9400
@mullah9400 4 жыл бұрын
could you help me to reach this level?
@lucapuzzoli8363
@lucapuzzoli8363 5 жыл бұрын
Hi Vp this is one of the most important video in your channel. Thank you for this information this is the best way to cut losses without guessing thank you
@darkblueturbo
@darkblueturbo 5 жыл бұрын
I’ve been through all these videos and have been enjoying some success demo trading for the past two months (50% increase in my account value, woo) but have been really struggling with the exit indicator. Coming back to this video and re-trying this has been really useful. Thanks VP.
@elismoses5101
@elismoses5101 Жыл бұрын
Good evening, brother . Am kinda a new bee here with forex trading, have been recently trading with AI on MTFE but it's not that encouraging, so I guess I should go manual also, if you don't mind please what indicators do you recommend I use and what trading platform do you also recommend thanks bud
@Back_In_The_Black
@Back_In_The_Black 5 жыл бұрын
I love this channel, learning so much from VP. I don't trade FOREX, but I use all these ideas for Crypto.
@tinkertanner165
@tinkertanner165 5 жыл бұрын
Im the opposite, went from Cypto to FX. Very applicable, very relatable. Made my foray into FX much easier then I expected.
@sharksquid4415
@sharksquid4415 5 жыл бұрын
The best indicator i have found is Slope directional line and on a setting of 15 it signals the entry almost perfect it works very good as an exit now that you mentioned i have to back test more but wanted to tell everyone about this indicator because it shows a lot of potential in my opinion. Great video sir, looking forward for the trailing stop video, because i set mine at the atr value and i don't know if its ok or not.
@albert6006
@albert6006 5 жыл бұрын
Thanks for the tip Robert. When you say setting of 15, do you mean changing the period to 15?
@sharksquid4415
@sharksquid4415 5 жыл бұрын
@@albert6006 Yes. Sorry for the late answer
@SeenOnTvSale
@SeenOnTvSale 5 жыл бұрын
Do you have a ex4 sir?
@kellyscherr7260
@kellyscherr7260 5 жыл бұрын
Hi Robert. I just wanted to thank you for your comment about SDL. I gave it a go and it seems to work great, just as you mentioned. It has drastically improved my entries & exits. I truly appreciate the sharing of info. All the best. Kelly
@nozzer2002
@nozzer2002 5 жыл бұрын
Hi Robert does the slope indicator repaint?thank you in advance :]
@MichaelHLee-fb4fr
@MichaelHLee-fb4fr 5 жыл бұрын
I just tested RVI and It is quite good. Only thing is to take you off trade very quickly and could not provide breathing space much to ride on big trend. Anyway many thanks to VP again.
@nickr8747
@nickr8747 5 жыл бұрын
Michael Lee you know how to get rvi on think or swim?
@MichaelHLee-fb4fr
@MichaelHLee-fb4fr 5 жыл бұрын
@@nickr8747 Sorry I cannot help. I only download from MT4
@SeenOnTvSale
@SeenOnTvSale 5 жыл бұрын
@@MichaelHLee-fb4fr where do I find on Mt4?
@nwchrista
@nwchrista 4 жыл бұрын
You make a very good point. A good exit indicator must hold you in good, unfinished trending trades for the duration. For this purpose, I've utilized quicker time frame overlays on identical indicators in combination with heiken ashi, EMAs, SMAs, a momentum/trending indicator, and a bevy of oscillators. When the trend is running strong, you don't want to exit prematurely. I use these retracements to add contracts to the runner.
@jlittle984
@jlittle984 5 жыл бұрын
I love the term "Fuck You" candle. I've been the recipient of more than my share, and nothing I've heard describes it so accurately. Best video series on Forex by far. A million thanks VP. I
@veteran246
@veteran246 4 жыл бұрын
Totally agree.
@rayern1982
@rayern1982 5 жыл бұрын
VP just weaved his magic and turned a trash indicator into gold! I tested this RVI long time ago as entry and it was horrible. Its time to take it out from the reject bin and test it for the exit indicator.
@GhettoLenin
@GhettoLenin 4 жыл бұрын
I am happy you shared the RVI (8). I used it as a measuring stick and was able to find something even better for exits!
@brendonkieswetter138
@brendonkieswetter138 3 жыл бұрын
Could you share what exit indicator you found?
@StaVykoV
@StaVykoV 3 жыл бұрын
Just found my exit indicator. It is like perfect... I never believed that an indicator could give me such beautiful exits!! Thank you VP!!! It boosted boosted my returns by a lot and also limited a lot of the losses.
@kingboji958
@kingboji958 3 жыл бұрын
Can you please help me. I am doing ftmo challenge
@iiiliiili1855
@iiiliiili1855 3 жыл бұрын
@@kingboji958 So you are doing ftmo without a trading system?
@terryidahor375
@terryidahor375 3 жыл бұрын
Can you just tell me the indi, I can work out the settings myself.. Thanks
@ennetibivlad2101
@ennetibivlad2101 8 ай бұрын
@@terryidahor375 🤣
@bengalmassacer
@bengalmassacer 4 жыл бұрын
Even in 2020 you're changing peoples lives VP, hope you're doing well and much prosperity. You really should be making more money than youtube can pay you... truly giving me a phenomenal foundation, Have been binge watching, listening and reading ALL of your content.
@bradleyt
@bradleyt 5 жыл бұрын
Feeling blessed 😀....at how positively impacted my trading has become as a result of VP’s Podcast and KZbin channel. Thank you!!! 🏆
@hainamtran5173
@hainamtran5173 5 жыл бұрын
Put a smile on face when VP mentioned an indicator that you tested and used!! Thank you verymuch for everything you did
@subliminalchamp2082
@subliminalchamp2082 5 жыл бұрын
Oh yeah, what a wise Taylor Swift quote
@pepper3942
@pepper3942 2 жыл бұрын
WOW! I just backtested all my trades from this month, and just applying the RVI as an exit indicator would have taken me from +67 pips to +129 pips. Almost all of that is coming from saving losses, not extending gains. In fact, a lot of the time it cut my profit short from my original trade. More backtesting needs to be done, for sure, but it's amazing to see the difference adding an exit indicator makes.
@senshi5383
@senshi5383 Жыл бұрын
Which indicators do you use for entry?
@archravenineteenseventeen
@archravenineteenseventeen Жыл бұрын
Because it doesn't have to be the rvi
@phtephenjumptoconclusionsq3504
@phtephenjumptoconclusionsq3504 Жыл бұрын
the video is about the RVGI not the RVI.. they are VERY different
@ankchau7201
@ankchau7201 4 жыл бұрын
Its summer 2020, trying to be a trader. Just wanna say that you have done great job. I found these methods and tools are nothing rarely seen yet no one uses it your way, its fascinating. Thanks a lot man! For this week, you are like my personal mentor through these video. P/s: you have such a great voice! Its damn firm and lively! Cheer buddy! Keep up the great work pleaseeee!
@poloshirt855
@poloshirt855 Жыл бұрын
How are you?
@MrJoseyldo
@MrJoseyldo 5 жыл бұрын
Your instructions give us hope to keep going. thanks for that!!
@r6854
@r6854 5 жыл бұрын
OMG, I know it is not a top notch exit indicator, but it is the one I have been using, right now I am just so happy that I am starting to see the bigger picture and thinking correctly. Thanks VP!
@nickr8747
@nickr8747 5 жыл бұрын
Roy Young what indicator you using for exit strats?
@destinyalmaguer3889
@destinyalmaguer3889 4 жыл бұрын
Modeled a strategy after VP’s after finding indicators I preferred and switching over to the daily chart. I have been trading small lot sizes like .05 and .06 just to test it, but to also make myself have patience. And literally I experienced profits. I lost twice because of my OWN impatience and getting into trades I had previously won on, but neglecting to use the strategy. VP is literally a genius on this stuff. It’s incredible. I am going to increase my lot sizes next week and slowly work my way up! I actually enjoy Forex now after two months of losses and trying different common strategy’s everyone uses.
@nwchrista
@nwchrista 4 жыл бұрын
Suggest scaling lots, rather than merely increasing. It's a money management tactic as well as a psychological crutch mechanism that has the potential of protecting your initial entry and increasing profits as the play develops.
@curtleykedukwakwa5076
@curtleykedukwakwa5076 2 жыл бұрын
I can tell that VP's voice sounds deep with a calm and comforting tone. It's a thing most people that got life figured out have, and when people like VP speak, people love it.. Great stuff VP I could listen to you all day every day. Thank you for your wisdom..
@kellydude
@kellydude 5 жыл бұрын
VP you are truly God sent..From all of us, “THANK YOU!!”😊
@firewight1944
@firewight1944 5 жыл бұрын
Nice one mate, once again dropping value bombs!
@Luis_Ah_Hoy_Jr
@Luis_Ah_Hoy_Jr 3 жыл бұрын
This is invaluable information for any Trader. It takes a very altruistic person to share this with others.
@nehemaialord2653
@nehemaialord2653 3 жыл бұрын
I got a really good exit indicator that gets me out most of the time right at the top/bottom of the trend. I can’t believe it!
@dsmall24
@dsmall24 3 жыл бұрын
Cool! I know a lot of people like VP prefer to hold their cards close to their chest but is there any chance you wouldn't mind sharing what you use so I could check it out?
@dztrader
@dztrader 3 жыл бұрын
keep it to your self
@sam10reis
@sam10reis 3 жыл бұрын
@@dztrader ahahahahahah
@pelicanbird901
@pelicanbird901 4 жыл бұрын
I love this initial picture - they look like: "Uh-Oh, what's the exit strategy?"
@kio51423
@kio51423 3 жыл бұрын
Amazing upload and well put-together as always! It's been just about a year since I started following your style VP and I am pleased to admit that my entire Forex Trading journey has significantly changed to the positive side, literally...Though, about 2 months ago, things started turning against me and some thoughts of panic resurfaced my mind, but I was able to overcome it and kept my emotions from intervening. And one thing I noticed was I got into lots of trades over the past 4-5 months and I was actively in lots of pips of profit, only to miss out on half of them, hence closing in a smaller profit than possible....so here I am today, once again revisiting your channel, to re-learn how important an exit indicator TRULY IS because I never really had a solid one in my arsenal......Just wanna say Thank You, VP! Cheers! ;) edit: typo ^-^
@jasperjuarez2633
@jasperjuarez2633 2 жыл бұрын
the knowledge you give out vp is unmatched thank you, just found a good exit indicator that I had to tweak a little but the volatility stop flow I can say is a keeper but Im still on the hunt thanks again vp!
@MaddCoder
@MaddCoder 3 жыл бұрын
The video rocks. I've always had issues with figuring out when to exit besides getting stopped out, but man oh man this video can really save me some extra pips! Thank you so much!!!
@digararheumo7406
@digararheumo7406 5 жыл бұрын
You are such an amazing person.God bless you and your family
@kartis570
@kartis570 5 жыл бұрын
amazing and useful as always. can't even explain how much i learned from your videos and how much hope and motivation you gave me knowing i can really earn a living one day. THANK YOU SO MUCH!
@kyllesaniel2873
@kyllesaniel2873 5 жыл бұрын
Your explanations are reeeaallyy precise and clear. Dudeee thank you soo much.
@natenut1694
@natenut1694 4 жыл бұрын
Mr Vp Your a living legend in this world. Fellow traders please if u can if possible stay away from mt4, go to mt5. 1. Indicators less likely to repaint and more up to date. 2. Faster execution of of trades given its a 64bit app compared to 32bit mt4. Plus mt5 internet connectivity is alot better than mt4...
@scamazfze125
@scamazfze125 4 жыл бұрын
this og is still liking comments :D
@breezept2292
@breezept2292 4 жыл бұрын
I honestly just want to say thank you for creating these videos, the podcast, and the website. A friend of mine suggested that I give you a listen and OH MY GOODNESS, was it the best decision. Im tired of scammers trying to earn residuals with sign ups I actually want to understand forex the ins and outs, and I know I am on the right path now.
@Renee-cd3sm
@Renee-cd3sm 5 жыл бұрын
What do you think of this? No VP this isn't my one question! lol I'm saving it for waaaaay down the road... think of this as rhetorical :) I came across this quote and thought it was interesting: “When designing a system, I believe it’s important to construct a set of rules that fit more like a mitten than like a glove. On the one hand, markets move in trends, but on the other hand, past results are not necessarily indicative of future performance. If you design a set of rules that fit the curve of your test data too perfectly, you run an enormous risk that it will fizzle under different future conditions.” A robust trading system, one that is not curve-fit, must ideally trade all markets at all times in all conditions. Trend following parameters or rules must work across a range of values. System parameters that work over a range of values are considered robust. If the parameters of a system are slightly changed and the performance adjusts drastically, beware. For example, if a system works great at 20, but does not work at 19 or 21, that system is not robust. On the other hand, if a system parameter is 50 and it also works at 40 or 60, the system is much more robust and reliable."
@OverandOut
@OverandOut 5 жыл бұрын
Yep, this is definitely a thing. I build my strategies in python so I can test back many years across all major pairs in a few minutes. I divide my data into 2, the training and testing sets, and build my strategy on the training set. I've had it where all the rules I put in are logical, the equity line is smooth, consistent win% and average profit across all years. I then switch to test set, and from there it's all downhill.
@maxxpro4
@maxxpro4 5 жыл бұрын
@@OverandOut Can you point me in the direction on how to do that??
@einnairo
@einnairo 4 жыл бұрын
I do other way round, also python coder. I test and optimize on 1 month because much faster with all the little changes, then run it on 2 years.
@iiiliiili1855
@iiiliiili1855 3 жыл бұрын
@@maxxpro4 learn python :D
@keithc1
@keithc1 3 жыл бұрын
Best Channel On Forex! 🎯
@R4NDLL
@R4NDLL 2 жыл бұрын
Best FX instructor ever. I used to follow "that other guy," but this makes MUCH more sense. Thanks VP!
@nohzainalabidin7069
@nohzainalabidin7069 5 жыл бұрын
thanks for the advice VP, a newbie is here, still watching your video. just found out your video 2 days ago.. but now keep on watching.
@sadrainethompson430
@sadrainethompson430 5 жыл бұрын
I have probably watched and been through all videos and websites searching for reliable no bullshit content... and Man I got to say that your work is amazing and literally hands down the very best I have come across. Thanks a million bro.. it has totally changed my perspective and things are starting to look great. Pls keep up the amazing work
@richardr508
@richardr508 5 жыл бұрын
I'd give him a Nobel prize.
@skaik21
@skaik21 Жыл бұрын
Ur voice is music to my ears. I listened to this video for more than 10 times. I have been trading for 5 years. Started listening to ur videos since 2020. Tried all trading strategies. Studied everything. Im still not a profitable trader but I believe in ur religion and I believe eventually I will succeed tho I’m not following you blindly. But I think 90% of what u say is what I’m using the remaining 10% I prefer to keep it as my identity. Thanks VP
@orlandojames8717
@orlandojames8717 2 жыл бұрын
Ok here is my EXIT INDICATOR. Believe it or not its the Didi Index. Hear me out. First get rid of the Fast line, set Time frame to current, smoothed method change it from simple to smoothed. Set Slow MA Period to 3 and MEAN MA Period to 25. This works so well staying in long trends. Which ever position you are in whenever that smoothed slow line crosses that center line that trend is typically over.
@jasonh.9749
@jasonh.9749 5 жыл бұрын
VP! Wow, this RVI actually gets me out about a candle before my exit indicator takes me out! Thanks so much, once again!
@nickr8747
@nickr8747 5 жыл бұрын
BigJay what platoform you using?
@reinhardgurt6791
@reinhardgurt6791 4 жыл бұрын
What settings Are you using??
@natenut1694
@natenut1694 4 жыл бұрын
I couldn't figure out rvi, but im glad u managed to get good out of it.
@rayern1982
@rayern1982 5 жыл бұрын
Took me 1 week to figure a way to rank the exit indicators. RVI is slightly better than Heikin Ashi by about 100 pips on average for 2 years data.
@bladeknight1412
@bladeknight1412 5 жыл бұрын
Can you explain more details about it? I am looking for exit indicator as well, what is your recommendation?
@rayern1982
@rayern1982 5 жыл бұрын
VP sort of giving us a guideline to find a good exit indicator. Its up to us to find a way to rank them. Its much easier to record the detail in forward testing but seems to be almost impossible to find out every possible pips saved and loss from backtesting. Just way too complicated to consider every possible scenario in your backtesting and then rank them all. Chances of inconsistent data and mistakes are very high. I had to set some ground rules for the backtesting and simplify certain scenarios so I dont have to look far ahead too much in the backtesting which make me prone to mistake. I am not really done yet with the exit indicator, so I cant really tell how good the ranking system now. Probably in a few weeks time, I would have a clear picture. But it seems these rules are pretty solid so far that prevent me from deviates too much from each backtesting. The idea is to remove any inconsistent justification/data for different possible scenarios in the backtest.
@girish9734
@girish9734 4 жыл бұрын
@@rayern1982 Any updates? Would really help me out :)
@abhishekghimire9098
@abhishekghimire9098 3 жыл бұрын
had to come back and watch it again cuase i felt lost , And now i am back on track again thanks VP
@muhammadsyrian9186
@muhammadsyrian9186 5 жыл бұрын
Thanks VP, you motivate us to improve ourselves and make distance shorter. very useful contents.
@naturaltrader3832
@naturaltrader3832 5 жыл бұрын
Thank you so much, VP! Your material is (and has been) the center-keystone in my development and progression as a budding trader. Just started forward testing my new Algo five days ago. The most important results I’m hoping to be are CONSISTENT Day-To-Day, Do-Or-Die (starving) discipline in executing my trading plan. You’re creating unbreakable trading warriors!!! (Dallas, Texas)
@danielporter5514
@danielporter5514 5 жыл бұрын
hey! i'm a trader in dallas as well. currently just forward testing. we should meet up and talk strategy! message me on instagram at @dantheporter
@Thetaquo
@Thetaquo 4 жыл бұрын
Tick-against when the trade hits either stop-loss or trailing stop, exits a good trade early, or flips your primary confirmation indicator before the exit indicator. Tick-for when it gets you out anywhere else. Exit effectiveness% = Total Tick-for score/(total Ticks-for + total ticks-against). I've yet to find what a benchmark gatekeeper score is, but Heiken-Ashi has 53% on my 70% successful confirmation setup. Do with that info what you will.
@santarter
@santarter 2 ай бұрын
i do 4h chart. your 6 step algo has been a real gamechanger - i now fly successfully by instruments only, forex and futures
@stevenwalter4510
@stevenwalter4510 4 жыл бұрын
A real good one. Hear me out. RSI set to 7 and get out when it crosses back down over the 70 line or up over 30 or whatever level you choose. If the level is not over or under the threshold after entering the trade, wait 3 bars and if it's still not over or under, get out. Stays in a little longer than the Klinger oscillator sometimes and get's out sooner other times. Test it out and let me know what you think. Consider that many really good indicators use the RSI in some way in code, even VP said that some of his TOP 100 indicators were the dirty dozen indicators with some mods.... be creative. be innovative. do more.
@rainenguyen3349
@rainenguyen3349 2 жыл бұрын
I'm using the Money Flow Index but 7 is a good number to use as well, thank you.
@37sairam
@37sairam 2 жыл бұрын
Actually good
@ikad89
@ikad89 2 жыл бұрын
Hey, this is amazing!! It works very well to cut losses on trades that are not meant to last much. The only problem that I could not solve is how to avoid getting out from nice big wins.
@The_Pivotal_Trader
@The_Pivotal_Trader Жыл бұрын
Great idea, but I think I have an improvement: everything you said, but change 70/30 to 80/20 overbought/oversold levels. Keeps you in longer.
@balnox8862
@balnox8862 5 жыл бұрын
After finding a really good exit indicator I am still baffled at how well it works. It's like magic honestly.
@medderick
@medderick 5 жыл бұрын
Mind sharing that? Still on the hunt for one.
@leonmiller7349
@leonmiller7349 5 жыл бұрын
medderick how you getting on , you still on the hunt ?
@sneakyguy8917
@sneakyguy8917 5 жыл бұрын
Care to share? Even just the name of the thing would be nice. Thanks.
@niyiboots3641
@niyiboots3641 3 жыл бұрын
I LOVE YOU MANNNN, your most important video is Psychology suffered trauma in my life that held me back. THANKYOU
@samiyute4152
@samiyute4152 5 жыл бұрын
Yaaaay Indicators.... Love from Malawi :)
@VincentStaples
@VincentStaples 5 жыл бұрын
Hey Sami. Nice to meet a man from Malawi. I spent 20 years in Limbe. I don't speak Chichewa but I can say "Muli Bwanji"
@redsky2189
@redsky2189 5 жыл бұрын
I Love this video ; Hardcore! Sounds like a more chilled VP on this one? Nice to hear! Crucial information with so much to pick up on and it's good confirmation that I (and some) are following the right path - but with still much to learn. Is there a clue in "Intentional" ?? Many thanks again, it is an enjoyable journey we travel with you.
@zaydenlennox7310
@zaydenlennox7310 3 жыл бұрын
you prolly dont give a damn but does anyone know of a tool to get back into an instagram account?? I was stupid lost my account password. I would appreciate any tricks you can offer me
@alexbarry3156
@alexbarry3156 5 жыл бұрын
Lol I was using RSI as my exit indicator, and saw his RSI video where he shit on it really badly, and now watching this I realize thats the right way to use it lol
@NoNonsenseForex
@NoNonsenseForex 5 жыл бұрын
There are still way better options there.
@truongquanghieu7976
@truongquanghieu7976 3 жыл бұрын
No Nonsense Forex can you tell me your better indicator to use to exit a trade apart from Heiken Ashi and RVI? Thank you so much
@SaintsRowProductions
@SaintsRowProductions 2 жыл бұрын
@@truongquanghieu7976 he won’t. go find it !
@jeremikossak9553
@jeremikossak9553 5 жыл бұрын
Amazing, VP. Your videos provided me an excellent framework to follow. Already run 10+ backtests and results are promising!
@eccomi21
@eccomi21 5 жыл бұрын
"For the rest of your trading lifetime" Aka "Until the EU decides to fucc private traders completely" Greetings from Germany!
@rickvandermeer6091
@rickvandermeer6091 5 жыл бұрын
you think this gonna happen?
@AMDNick
@AMDNick 5 жыл бұрын
VPN, go get it.
@conspiros5394
@conspiros5394 5 жыл бұрын
The EU is a bankster's paradise. They love taking the money of losing traders. They'll encourage, rather than discourage private traders.
@amasat71
@amasat71 5 жыл бұрын
There was a clear bearish divergence as the indicator is making lower highs while the price is making higher highs thanks for sharing
@Gaurav-lw2gs
@Gaurav-lw2gs 5 жыл бұрын
Video summary: Exit Indicators - Worth A Lot More Than You Think Have a trailing stop, in case something really bad happens really quick. Get out of trade when exit indicator tells you to do so, before you hit your stop loss. Price should never hit your stop loss, this acts similar stop, but kicks in earlier and does most of the heavy lifting. Exit indicators should be able to bail you out before trade hits Stop loss. We put our stop loss at 1.5 X the ATR. We take half the profits off the table once price hits ATR ( average true range?). Rules to follow for Exit Indicators: Main confirmation indicator may or may not be your exit indicator. If not only goes into chart after you have entered. Examples of Exit indicators: 1. 2 line cross indicators (Eg MACD ?) 2.Your best reversal indicator (not for entering trade, but for exiting trade, because using reversal indicators to enter is sucker's game) 3. Heikin Ashi 4. Relative vigor index. (Leading indicator; better to use with 100 day MA) Relative vigor index (MT4): Can leave at default setting period of 10 or go with 8. Not good for entry, but good exit indicator. Prevents you from being in losing trades for too long, when at nadir of curve, get out of the trade. Can work as gatekeeper.
@emiolawasiufolorunsho5320
@emiolawasiufolorunsho5320 5 жыл бұрын
Thanks vp.. For releasing another great video for us
@rajshsah1016
@rajshsah1016 5 жыл бұрын
Hello Sir your advise very good in my trade Thank you your preference always need us .
@juanmanuelandaluzderosas3928
@juanmanuelandaluzderosas3928 5 жыл бұрын
Nice vid VP! Also, a full continuation trade video would be awesome too ;)
@ericchia6946
@ericchia6946 5 жыл бұрын
Now I understand what VP said, he rarely hit stop loss after entering a trade. since your exit indicator will exit you out before the trade go further down against us.
@rickyricardo3204
@rickyricardo3204 5 жыл бұрын
Your so correct Erica. Now I know too
@SeenOnTvSale
@SeenOnTvSale 5 жыл бұрын
Do you have ex4 of the one your talking about babe?
@enavoegolem
@enavoegolem 5 жыл бұрын
God bless you my dear friend to teach us for free so many good information, I m new on Forex trades and I m learning a lot. I wish you the double of pips that everyone is making because of your videos. Thank you and God bless you
@natenut1694
@natenut1694 4 жыл бұрын
Amen!!!! 👌
@nathanmstroud
@nathanmstroud 5 жыл бұрын
You are seriously blowing my mind. I can't describe how grateful I am that you made this channel.
@Kometheus
@Kometheus Жыл бұрын
...
@risharde2888
@risharde2888 4 жыл бұрын
People always want to learn something for free but pay for college to not necessarily make the money they want. But your channel is great tho. You’re doing a lot of great help for the community where it’s hard to get that help
@sirswaggington
@sirswaggington 5 жыл бұрын
I’m only 19 and wanted to learn to trade so I have a skill that could make me money. Before I saw your videos I’ve lost $30 from $50 I put in MT4, but your videos are helping me rebuild that $50 and maybe above! Very helpful and informative with a little comedy added is the best way I like to learn, thank you
@johnmutuku5126
@johnmutuku5126 4 жыл бұрын
Sir can you share free indicator plzz
@nehemaialord2653
@nehemaialord2653 3 жыл бұрын
Haha and yes! A reversal indicator was what I was thinking for exit indicator and this video just validated my thought.
@rickvandermeer6091
@rickvandermeer6091 5 жыл бұрын
it looks like a hell of a gate keeper VP. thanks fore this video its right on time for me now i have the rest of the algo in place.
@mullah9400
@mullah9400 4 жыл бұрын
is it possible to donate your ALGO for some dont what to do
@tyronejohnson77
@tyronejohnson77 5 жыл бұрын
The information in this video is life-changing. A "Gate Keeper" indicator..I will remember that, and more importantly find me one
@EIStudent
@EIStudent Жыл бұрын
Although I'm not a forex trader this concept is universal and it was outstanding information.
@DarioWoollover
@DarioWoollover 5 жыл бұрын
Great vid Patrick. Great content. I’ll put it into my EAs
@watatpriska8043
@watatpriska8043 5 жыл бұрын
since i got in troduced to u u just keep bleffing me all the time. keep it man.. gd job
@drlalitkumargangele
@drlalitkumargangele 5 жыл бұрын
very informative really appreciate it sir,thanks
@Guitarman-ym2fe
@Guitarman-ym2fe 5 жыл бұрын
LOL... "before that big F.U candle shot the other way."
@kitchenspiral
@kitchenspiral 5 жыл бұрын
Hello VP, this is an eye opener! Important to have flexible mind, look into the things from different angle, not to get my brain occupied by classic ideas only! Thank you!
@timolaleye6496
@timolaleye6496 5 жыл бұрын
you the M VP. thanks for the videos and podcasts.
@kaptengfx2142
@kaptengfx2142 3 жыл бұрын
since i started watching this channel, my trade improving alot... thanks VP ..
@abdalrahmanayman7069
@abdalrahmanayman7069 2 жыл бұрын
after i use my exit indicator... I also exit my phone.. give myself break.. to be thankful and... the market will go no where... under my algorythm ilearn here in NNFX... just blue color @ my screen.. sing it blue colour instead if (true colours) Madonna.. go get it pal🙂 thankfull. EVER. Victor😍 still... i plane to shake hand one day... no doubt blesses 🙏🏻🏅
@abdelkbirchakir130
@abdelkbirchakir130 3 жыл бұрын
thank you vp for all. what i understand: 1 - exit indicator should protect sl. 2 - should be fast as possible. i think , a good exit indi should be an " on chart " indi, that respond the criteria. exemple : keltner channel!
@gamemakerdude
@gamemakerdude 5 жыл бұрын
Thank you so much for another great forex video! I noticed that you place an emphasis on setting a stop loss level before entering a trade in your Risk video. I haven't seen you discuss where to place profit targets. It seems the key is to not set a profit target but to just let the trade run until the exit indicator tells you to get out.
@senseii6803
@senseii6803 4 жыл бұрын
Theres a video on take profits. And he said it again in this video..
@fredred476
@fredred476 10 ай бұрын
perhaps this will come up later, but I am a bit confused about what to do when all my indicators are saying enter, but exit indicator is saying exit. I could enter, then immediately exit... or I could enter, and wait for the exit indicator to oscillate to stay in trade, then when it says exit again, exit. Neither seems like an elegant solution!
@banksj54
@banksj54 4 жыл бұрын
RVI on the daily i have set to 3 because most of the time 3 days on average is the time before a trend stops being profitable. But the RVI as an exit indicator doesn't do a great job at telling you when the trade is no longer profitable. You usually end up loosing some before getting out.
@razorrob2959
@razorrob2959 Жыл бұрын
Im going to be thinking of you in the future. While im drinking an iced tea on my lawn job free and staring at my car collection
@DaviddTech
@DaviddTech 2 жыл бұрын
Amazing channel.
@MrKaransuneja
@MrKaransuneja 4 жыл бұрын
Did you try using a stochastic oscillator as an exit indicator? It is working well for me in backtesting and forward for now . I am still exploring better indicator which can get me out bit faster before losing or hitting my trailing stop loss in my demo account
@naturalremedies4196
@naturalremedies4196 5 жыл бұрын
Thanks VP, great insights you dropped here for those who are discerning!
@1CarlAnthony
@1CarlAnthony 5 жыл бұрын
Another valuable video as always!...Thanks!
@GaryDeetz
@GaryDeetz 5 жыл бұрын
Clear, concise, and easy to understand.
@KyleBaran90
@KyleBaran90 6 ай бұрын
Finally got to use this in practice (and with Heikin Ashi no less, lol). Got a bit antsy and wanted to close a trade before it hit my SL but that was "irrational". Looked at HA for an excuse to exit a losing trade and it saved me some pips. Going to use it all the time now and be more formal about it.
@nsikakbassey7102
@nsikakbassey7102 4 жыл бұрын
You are super great to be a blessing to forex community, thank you for your shared wisdom am new bt already feeling lucky to have come across your teachings, thnk u VP will keep watching till I get it rite From Nigeria
@terryidahor375
@terryidahor375 3 жыл бұрын
Bro let's connect. I'm from Nigeria too.. Just started out with the videos for now. I know you've gone far already. Please, message me on whatsapp 08169904468, thank you
@frankiethomas1683
@frankiethomas1683 5 жыл бұрын
klinger oscillator... thank me later
@andrewpeterson8415
@andrewpeterson8415 4 жыл бұрын
Any suggestions on EMA settings on this guy?
@luqui633
@luqui633 4 жыл бұрын
thanks brother!
@philnewpower
@philnewpower 4 жыл бұрын
As smooth as Barry White! good call :)
@bvallie2
@bvallie2 4 жыл бұрын
any idea how to smoothen this guy out?
@jordvnjwlz6284
@jordvnjwlz6284 4 жыл бұрын
@@bvallie2 if you're using pine script you can play with the moving averages changing them to SMA's instead of an EMA. Personally, I adjusted the indicator to a zero cross type, and used a positive number rather than an MA crossover.
@StaVykoV
@StaVykoV 5 жыл бұрын
Lol My strategy is already crushing it on backtesting compared to my previous trades. Can't wait to start paper trading it! Thanks VP!
@waseemtoefy4472
@waseemtoefy4472 3 жыл бұрын
What indicators you using?
@geoffmaunder6589
@geoffmaunder6589 5 жыл бұрын
Brilliant lesson thanks V.P! I'm finding that if I change the standard C.C.I to "period 40" it is excellent for getting me out near the top or bottom a hell of a lot of time during back testing. It also seems to tell me if I have made a bad entry and saves my stop loss getting hit a lot of the time. Its no good for entry but that's fine. Obviously this will not work for everyone in the same way, as my strategy will be different to most. However if your strategy involves entry's using V.P style indicators after the 200 or 300 Linear Weighted Moving Averages have bounced, or been breached and retested then it may be helpful to some. If it goes above 100 or below -100 on the C.C. I then exit trade when line comes back to normal territory. I'll keep tweaking it and trying other exit indicators. Thanks Mentor 👍
@ricklucas8744
@ricklucas8744 2 жыл бұрын
Good idea . Testing it out
@BarryFence
@BarryFence Жыл бұрын
I know that I'm replying to 4 year old comment but I'm wondering if you are still refining your strategy or have you been sticking with the algorithm above? Thanks.
@hppycjavs2805
@hppycjavs2805 5 жыл бұрын
Another free knowledge... thank you!!!
@gilmarlanada5277
@gilmarlanada5277 3 жыл бұрын
I'VE LEARNED ALOT FROM YOU VP! SALUTE TO YOU!
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