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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

Paracelsus66
Apr 09 2014 at 10:29
85 posts
SVEEUK1 posted:

Hello!

! have a couple of questions regarding ProFX:

1. What would the result look like/gad been if one had traded with the simplest approach for new beginners? I have seen that one needs additional tools to use the morecomplicated trading, and I see myself as a new beginner.Has any one done this on MyFxbook?

2: The trading result as we ca see here on MyFxbook, is this advanced trading, and if so, with what settings/approach (4 h swing or what)?

3. If I would want to achieve the sane trading as this shown here on MyFxbook, can I get adequate info from ProFX to du so or not (avoid fake break-outs)?

Regards


Try it for 10 days risk-free and you shall know....

SVEEUK1
Apr 09 2014 at 12:48
61 posts
Has anyone traded with the simplest approach for new beginners - what would it have generated?

There are test one can see on Myfxbook made by experienced which showes good result, but I wonder if anyone has tested the simplest approach.

Thanks!

Forex21
Apr 09 2014 at 12:52
416 posts
! have a couple of questions regarding ProFX:


Hello Sveeku1, thank you for your interest. To your questions:

1. What would the result look like/gad been if one had traded with the simplest approach for new beginners? I have seen that one needs additional tools to use the more complicated trading, and I see myself as a new beginner.Has any one done this on MyFxbook?


Many traders believe that when that they will get better results when they use as much as possible indicators and tools. However, the truth is that most make things simple much more complicated then they need to be. If you would like to see more results, visit our forum.

2: The trading result as we ca see here on MyFxbook, is this advanced trading, and if so, with what settings/approach (4 h swing or what)?


No, it has nothing to do with advanced trading. All results are based on the ProFx 3.0 standard trading rules.

3. If I would want to achieve the sane trading as this shown here on MyFxbook, can I get adequate info from ProFX to du so or not (avoid fake break-outs)?


You can. Fake break outs and losses are part of the 'game' and not always to avoid. It is also not important because what matters is how much profit you make at the end of the month/quarter.

Best Regards, Alexander

SVEEUK1
Apr 09 2014 at 17:01
61 posts

Hello! Thanks! Just to confirm your answer, if I JUST had followed the (simplest) trading instructions from ProFX with TP, SL etc., and without using fibonacci grid or CHOOSING trades, I would have achieved (close to)the same result as one can see in MyFxbook?

Experienced traders could/would be able to achieve higher return if I'm right.

Regards

Wolfgang
Apr 10 2014 at 07:25
38 posts
My experience is that it works best when you use it 'AS IS'.

Wolfgang

Forex21
Apr 10 2014 at 07:53
416 posts
Sveeuk1, forget about the complicated stuff. It is of course up to you to modify the system rules but I always recommend to use the basic trading rules. They are very easy to follow and deliver good results.

Regards, Alexander

SVEEUK1
Apr 10 2014 at 10:38
61 posts
Sorry Wolfgang, but I'm not so good at the abreviations: AS IS?

SVEEUK1
Apr 10 2014 at 12:31
61 posts
Hello Alexander,

You wrote somewhere that you are aiming at a Managed Account solution with ProFX during the autumn. Is it for sure or at what stage is the planning?

Regards

Forex21
Apr 11 2014 at 09:16
416 posts
SVEEUK1 posted:
Hello Alexander,
You wrote somewhere that you are aiming at a Managed Account solution with ProFX during the autumn. Is it for sure or at what stage is the planning?
Regards


Hello, it is still in the planning phase. Final decision will be made later this year.

Regards, Alexander

George_W
Apr 11 2014 at 12:01
12 posts
Alex, I think I mastered GBPUSD and now I am thinking about using your system on other pairs as well. Do you have any suggestions for me?

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