Key metrics & performance Insights
Introduction
In the structured, empirical world of No-Nonsense Forex (NNFX), each component of a trading algorithm must earn its place through rigorous, data-backed testing. The Confirmation 1 (C1) indicator plays a pivotal role in validating Baseline signals before a trade is entered, making it one of the most scrutinized pieces in the NNFX puzzle.
This article explores the performance of the Mamy indicator as a C1 tool. The tests were conducted using the NNFX default settings: a 20-period SMA as Baseline, 14-period ADX with a threshold of 25 as Volume, and Heiken Ashi as the Exit indicator. Backtests covered eight major Forex pairs (EURUSD, AUDNZD, EURGBP, AUDCAD, GBPJPY, USDCAD, USDSGD) from January 1st, 2020, to December 31st, 2024.
The results reveal how Mamy behaves across different market environments—from trending to ranging—and where it might belong within the broader NNFX system.
Overall Performance Overview (5-Year Summary)
Key Results Summary
| KPI | Value |
|---|---|
| Number of Trades | 204 |
| Winning Trades % | 53.16% |
| Average Win Per Trade | $34.56 |
| Average Loss Per Trade | -$37.29 |
| Payoff Ratio | 1.02 |
| Profit Factor | 1.40 |
| Absolute Drawdown | -$273.59 |
| Maximum Drawdown % | 3.78% |
| Trade Expectancy | $18.47 |
| Average Consecutive Loss | 3.5 |
| Max Consecutive Loss | 4.5 |
| Total Net Profit | -$204.03 |
Interpretation Based on NNFX Standards
Profit Factor (1.40)
A profit factor above 1.30 meets the basic threshold for a viable C1 under NNFX. At 1.40, Mamy shows it can be profitable in the long run, albeit marginally. This is a promising foundation for refinement indicating that it can perform with the proper Exit Indicator.
Winning Rate (53.16%) & Payoff Ratio (1.02)
The win rate is solidly above 50%, suggesting a reliable signal. However, the nearly flat payoff ratio indicates the average win barely outpaces the average loss. In NNFX, this balance limits upside and heightens sensitivity to slippage and costs. Yet another sign that the Heiken Ashi might not be the right Exiting signal for that indicator.
Trade Expectancy ($18.47)
Positive expectancy is a key indicator of long-term edge. Mamy’s $18.47 per trade suggests consistent value, even if modest. This supports its candidacy as a C1, especially in conjunction with strong Volume and Exit tools.
Drawdown (3.78%)
With a drawdown under 4%, Mamy keeps risk tightly controlled. This is well within the safe zone for both retail traders and prop firm benchmarks. Risk management appears sound and well-calibrated.
Loss Sequences (Avg: 3.5 | Max: 4.5)
Loss streaks are reasonable and reflect resilience under volatile or consolidating conditions. This reinforces the system’s reliability and manageable psychological load during drawdowns.
Taken together, these results place Mamy on firm ground as a Confirmation 1 with modest but clear strengths.
Overall Diagnostic Table
| Category | Evaluation | Comment |
|---|---|---|
| Profitability | Moderate | PF > 1.30 but low net profit |
| Risk Management | Strong | Low drawdown under 4% |
| Robustness | Moderate | High trade count, consistent output |
| Signal Reliability | Moderate | Good win rate, but flat payoff |
| Optimization Potential | High | Easy room to improve R:R and filtering |
NNFX Recommendations
- Retune risk-reward settings → That indicator needs to be paired with the right Exit Indicator to function in a NNFX environment.
- Test alternate Volume/Confirmation 2 combinations → May enhance filtering and eliminate marginal trades.
- Evaluate selective pair usage → Pair-specific behavior may outperform system-wide application.
- Test Mamy as C2 or Exit → Could shine with fewer trades or under different logic roles.
Final Assessment
Mamy shows surprising strength as a Confirmation 1 under NNFX. A profit factor of 1.40 and win rate over 53% are very respectable, and its low drawdown confirms excellent risk control. However, the almost 1-to-1 payoff ratio and negative overall profit reveal that the edge is fragile and require some work.
With minimal tuning—especially around reward-to-risk targeting—Mamy could graduate into a dependable part of an NNFX algorithm. If not as a C1, its structure may be more effective as a C2 or even Exit filter. In its current form, it’s a borderline pass—but one with real promise.
Pair-by-Pair Analysis
AUDCAD
Summary: 32 trades | PF = 0.55 | Win % = 43.75 | Net = -$371.62 | DD = 7.14%
Performed poorly, with low PF and high losses. Likely struggled in choppy ranges. Needs strict filtering.
AUDNZD
Summary: 16 trades | PF = 3.98 | Win % = 68.75 | Net = +$224.73 | DD = 2.41%
The standout performer with excellent profit factor and drawdown control. Showed Mamy’s peak potential.
EURGBP
Summary: 16 trades | PF = 0.94 | Win % = 50 | Net = -$21.45 | DD = 2.33%
Flat and unremarkable. Decent balance of wins and losses but no clear edge.
EURUSD
Summary: 20 trades | PF = 0.61 | Win % = 50 | Net = -$176.78 | DD = 3.96%
Consistently underwhelming, suggesting poor trend capture.
GBPJPY
Summary: 34 trades | PF = 0.45 | Win % = 47.06 | Net = -$409.41 | DD = 5.01%
Volatile pair amplified Mamy’s weaknesses. Lacked robustness here.
USDCAD
Summary: 20 trades | PF = 1.25 | Win % = 70 | Net = +$58.35 | DD = 1.98%
Solid result just shy of NNFX standards. Promising candidate for optimization.
USDSGD
Summary: 24 trades | PF = 2.68 | Win % = 62.5 | Net = +$666.20 | DD = 2.49%
Another strong showing. Indicates high alignment with trending behavior.
Overall Findings Table
| Pair | PF | Win % | Net ($) | Verdict |
|---|---|---|---|---|
| AUDCAD | 0.55 | 43.75 | -372 | Weak |
| AUDNZD | 3.98 | 68.75 | +225 | Strong |
| EURGBP | 0.94 | 50 | -21 | Neutral |
| EURUSD | 0.61 | 50 | -177 | Weak |
| GBPJPY | 0.45 | 47.06 | -409 | Weak |
| USDCAD | 1.25 | 70 | +58 | Borderline |
| USDSGD | 2.68 | 62.5 | +666 | Strong |
Average PF = 1.49, confirming a high variance strategy with potential on selected pairs.
Conclusion
The Mamy indicator shows measurable strength as a Confirmation 1 under NNFX testing protocols. While net profit remains slightly negative, other metrics—especially Profit Factor and win rate—highlight a functional tool with real upside.
For traders following the NNFX system, Mamy may serve best with tighter payoff tuning or when limited to high-performing pairs. As a C2 or Exit indicator, its structure may excel even further. In short: not a mirage, but not yet a miracle either.
