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ProFx 3.0 (By Forex21 )

Gain : +217.9%
Drawdown 19.01%
Pips: 1466.6
Trades 165
Won:
Lost:
Type: Real
Leverage: 1:500
Trading: Manual

ProFx 3.0 Discussion

Forex21
Feb 17 2014 at 10:02
416 posts
writegvf posted:
Hi-

very nice results, but I have problems to interpretate the trades.
The system is no EA, as I understand, but how do you manage the exit of the trades ?

Someone have a profit of 100 points, others less than this.
Can you help me to understand it- I am very interested in your system (but
would prefer to get an EA).

Kind regards, Thomas.


Hello Thomas, all entries and exits are rule based. As the example:: We enter a new trade when we get a fully confirmed signal (ProFx 3.0 alerts the user when a new signal is found) and exit the trade based on a fixed set of rules. If you would like to learn more about, I would suggest that you watch the review video from Forex Trading Academy.



Best Regards, Alexander

abc_forex_ru
Feb 17 2014 at 12:09
164 posts
Are you trading all 24 hours?

Forex21
Feb 17 2014 at 15:14
416 posts
abc_forex_ru posted:
Are you trading all 24 hours?


I think my loved wife would divorce with me if I would do that 😲. I start my trading day 30 minutes before London opens, do a little homework and enter the first valid ProFx 3.0 signal. If the my trade is still open when the NY session ends, I close the position.

Regards, Alexander

abc_forex_ru
Feb 18 2014 at 08:43
164 posts
Forex21 posted:
abc_forex_ru posted:
Are you trading all 24 hours?


I start my trading day 30 minutes before London opens, do a little homework and enter the first valid ProFx 3.0 signal. If the my trade is still open when the NY session ends, I close the position.

Regards, Alexander


There are deals which traded after London session, not all before London one..
10.12.2013 18:00 10.12.2013 21:00 GBPUSD SELL 0.18 -49.70 100.90 1.64265 1.64509 -24.4 -45.18 3h 0m -2.01%

Forex21
Feb 19 2014 at 09:09
416 posts
abc_forex_ru posted:
Forex21 posted:
abc_forex_ru posted:
Are you trading all 24 hours?


I start my trading day 30 minutes before London opens, do a little homework and enter the first valid ProFx 3.0 signal. If the my trade is still open when the NY session ends, I close the position.

Regards, Alexander


There are deals which traded after London session, not all before London one..
10.12.2013 18:00 10.12.2013 21:00 GBPUSD SELL 0.18 -49.70 100.90 1.64265 1.64509 -24.4 -45.18 3h 0m -2.01%


Yes, of course.

Leroy42
Feb 25 2014 at 20:36
26 posts
That's great trading. Keep it up! 😄

xharlock
Feb 25 2014 at 20:36
1 posts
hello why dont offer this system to autotrade?
the system you sell is subjetive is not a automated EA,then the only way to obrain the same results is autotrade with myfxbook this system
will be avaliable???

Viktory (VictorTous)
Feb 25 2014 at 20:41
107 posts
Hello Alexander,

I support you on what you're stating. And I DO BELIEVE Forex Kinetics *CAN* be an excellent volume-momentum based price action trading EA (almost HFT, if it was not because of the poor-crappy MT4 platform).

But there's just only one thing I don't understand... Why does the official accounts stopped to properly update? Honestly, it seems like an abandoned project =S
I mean... you ARE the vendor and you are both an advanced trader and some kind of 'tech-wiz'... So it would be great if we could continue watching how it develops (come on, at least some private account links to your current clients (in the case you don't want to openly/publicly show it).

Regards,
Víctor

Forex21 posted:
cyberryder,

As I said in previous reply, the kinetics became less public for mentioned reasons.
All the customers are fully supported and assisted, so there is nothing to be worried about.

Let's keep this thread about ProFx 3.0 only ;)

Thank you.

Regards,
Alexander


Forex21 posted:
I think you misunderstand something. Forex Kinetics is an advanced price action trading system. In the hand of an advanced trader it is an incredible effective system. However, fact is, and I am sure you agree, most retail traders look for simple and easy to use systems. And although the profit potential of speed algos is immense, they are not that easy to operate.

Good Luck with your managed account. 😉

Patience, focus and self-control to win the game with diligence.
Forex21
Feb 25 2014 at 21:18
416 posts
@Victor
As I mentioned in my e-mail to you, I am still very excited about the algorithm, and I can assure you that the project is not abandoned. However, the actual version is definitely unsuitable for most retail traders. At the moment, we are working on to make it easier to use and as soon we are ready with all users will be notified.

@ xharlock
ProFx 3.0 is rule based, and I believe it is very easy to follow them. We do not plan to offer any copy service through MyFxBook or any other service. However, it is very likely that we will offer soon an automated version. As soon the track record is at least 12 month old, we may also offer managed accounts.

@ Leroy42
Thank you! 😄

Viktory (VictorTous)
Feb 25 2014 at 22:25
107 posts
@Alexander:
Very well, mate... Geez! Sorry for my anxiety! 🙄
The fact is that I find Forex Kinetics very unique, interesting and with lots of potential... But as I'm a mere mortal, the wait is killing me! 😭
So I hope to hear about it soon 😉

Patience, focus and self-control to win the game with diligence.
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