Profx 4.0 Forex Trading Strategy

ProFx iv.0 Forex Trading Strategy

Past forex21.com

Indicators :

ProFx Bar Close Time




Provides y’all with information when the actual bar will be closed. Font size and text color can be changed in the settings.

ProFx Moving Average




It’south a customized version of the well known Moving Boilerplate​ indicator. The MA is used to determine the curt term momentum and all-time fourth dimension to exit trades. Parameters which can be adapted are Menstruation, Shift, Method (Adding Method), Applied Cost (which price is used for adding) and Confined Count.




ProFx Heiken Ashi




Instead of regular candle sticks we use Heiken Ashi candles in ProFx because it helps to reduce the ’noise’ on the chart. ‘Bar Count’ tin be changed in the settings.

ProFx Force Oscillator




A proprietary indicator which shows how strong or weak the current up/down price motion is. The following parameters can exist inverse: Menstruum (i-3), Applied price (which price is used for calculation) and Bars Count.

ProFx Multi Analyzes




A proprietary indicator which combines GHL, Woodie CCI, TVI and T3 Slope in one indicator. The indicator is mainly used equally confirmation indicator. The indicator is used for signal generation but is not part of the standard template.




ProFx Probability Cloud




A proprietary indicator which provides visual information about market direction. The indicator is used for signal generation and is also part of the ProFx Standard template.

ProFx Ameliorate Stochastic




A proprietary indicator which is based on the very popular work of Mr. Lane. The indicator is used to determine possible turning points and to optimize trade entries.




Trading Instruments




ProFx 4.0 is a very flexible trading system and tin can exist used on many dissimilar instruments. This includes non only currency pairs but also Indices, Bolt, Virtual Currencies (Scrap Coins, Calorie-free Coins, etc.), Stocks and, of course, all sort of derivate instruments such as CFD’S and options. However, if you lot are new to trading or just started to use ProFx iv.0, it is highly recommended that you use GBPUSD or EURUSD for the first 30 – 90 days. Information technology’south because these are major currency pairs which tend to trend very well. Likewise, they offer very high liquidity and the depression execution costs.

Money Direction Rules




We recommend starting with a risk of one% per trade. The advantage of using very low adventure per merchandise is that fifty-fifty when to make a few incorrect trading decisions, your describe downwardly volition exist very low. As soon you are 100% familiar with the trading rules you can use a higher risk for trading to boost your profits.




Entry Rules




1) ProFx iv.0 signal arrow needs to be shown on the chart.




two) The betoken needs to be confirmed by the ProFx 4.0 probability cloud.




3) The signal bar opened below/above the custom moving average.
four) Momentum increases.

5) Direction should be confirmed past college timeframe nautical chart. (H4 or D1)



vi) Signals during the Eu/U.s.a. session are preferred.




seven) Signals which occur during a tight price range should be ignored.

Exit Rules




i) Trades should exist kept open up as long all indicators confirm that the price will keep rise/falling.



2) When the signal lines of the Strength indicators are crossing (greyness), and the
heiken ashi candles change from bluish to white or vice versa, the trade should be closed.



three) When the toll turns rapidly because of high touch news, indicators should exist ignored, and the trade should be closed immediately.




Timeframe Rules




ProFx 4.0 can exist used on any fourth dimension frames and with many different instruments. However, our feel is that the M30 TF in combination with the H4 TF (trend confirmation) is the all-time option.

Full general Rules :

Exercise not place more than 1-ii trade per day.




This is also known equally “Ane/2 strike(due south) out rule.” It helps to reduce the monitoring fourth dimension, keeps the psycho-logical pressure at very low level and acts as time filter during market periods with choppy market atmospheric condition.

Do not merchandise during vacation session.




During holidays markets are much more than unpredictable. Therefore it is highly recommended non to trade dur-ing holiday sessions such as US, European union national holidays and before long/afterwards the new year’s day.

Write a trade log for every trade.




Writing down why y’all entered and exited a trade volition aid you lot to increase your trading skills and assist you to



brand the aforementioned mistake multiple times.

Decrease SL value before major news to protect your trading business relationship.




Major news are oftentimes unpredictable. They tin can work for and against you. Whenever major news are well-nigh to be released, make sure you adjust your SL.

Take that you cannot exist ever right.




We accept no doubts that when you follow the trading rules that you will be able to generate abiding profits  using ProFx iv.0. Still, in order to succeed yous accept to take that you lot will be not e’er right and that



there will exist periods where you have to deal with draw downs. Only when you accept that and stick to the trading rules during difficult market conditions you lot will succeed as currency trader.

Trade with the Trend




Every trader knows the saying “The
tendency is your friend.”. Keep it in mind when placing a trade.

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Mr Alex from Moldova ( ) sent us that organisation.