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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 15 2014 at 19:47
85 posts
@Forex21

You have referred to this showcase account previously: https://www.bestforexrobots.net/pro-fx-3.html

I wonder why the results of the 'affiliate' are so different from the MyFxBook master account...?

Today (4/15/14) is a very clear example what I am reffering to:

MyFxBook account: -40 pips
MT4i account: +22 pips

The entry and exit times were significantly different, not to mention the outcomes. At least the directions were identical.

Does so much depend on the interpretation of the signals...?

1. If yes, how can it be a 100% ruled based strategy?
2. If no, who has not followed the strategy's rules today? And why?

Forex21
Apr 21 2014 at 07:01
416 posts
Paracelsus66 posted:
I wonder why the results of the 'affiliate' are so different from the MyFxBook master account...?


Results of traders who use the basic trading rules will be the same or very similar to our results. However, as ProFx is very flexible, many users use it on different time frames results will be different.

Paracelsus66 posted:
Does so much depend on the interpretation of the signals...?

No, signals itself are very easy to follow. Used time frame, currency pair(s), trading time and number of daily trades are responsible for different results.

Paracelsus66 posted:
1. If yes, how can it be a 100% ruled based strategy?

If you follow the basic rules as described in the user guide it is 100% rule based. However, it is of course the decision of the trader how precise he follows the rules.

Paracelsus66 posted:
2. If no, who has not followed the strategy's rules today? And why?

Our entry and exit was based on the basic rules (100% rule based) but it does not mean that Mr. Houstan did not follow the rules. It is easily possible that he use it on another TF or use slightly modified trading rules.

George_W posted:
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?


Best Regards,
Alexander

Forex21
Apr 21 2014 at 08:08
416 posts
We wish all traders Happy Easter Holidays!


Forex21
Apr 23 2014 at 13:00
416 posts
Today I would like to share some user results with you.

Wolfgang - Newbie Trader, +137.99% in four month (Medium Risk)
https://www.myfxbook.com/members/Wolfgang/profx-3-gueu/900037

Josef - Professional Trader, +132.80% in 3 month (Medium Risk)
https://www.myfxbook.com/members/JosefK/profx-30-test/850004

George - Experienced Trader, +249.26% in 4 month (High Risk)
https://www.mt4i.com/users/wf2013/stats?startdate=2014/1/19&enddate=2014/4/23

Guilber - Newbie Trader, +71.51% in 4 month (Low risk)
https://www.myfxbook.com/members/Guilber/profx-3/847958

Regards, Alexander

way2fx
Apr 29 2014 at 06:34
8 posts
Track Record Not Verified ?? WHY

Forex21
Apr 29 2014 at 10:05
416 posts
way2fx,
Recently we have switched from auto-update to ea, and temporary having some problems with it

Viktory (VictorTous)
May 10 2014 at 19:12
107 posts
Hello Alexander,

Do you know why ALL the user accounts you shared with us, stopped updating? Strange...

Cheers!
Víctor

Patience, focus and self-control to win the game with diligence.
Paracelsus66
May 11 2014 at 09:56
85 posts
VictorTous posted:
Hello Alexander,

Do you know why ALL the user accounts you shared with us, stopped updating? Strange...

Cheers!
Víctor


I would have a few ideas... The first one comes to mind is that no one has been able to reproduce the claimed results.

Unless proven otherwise by letting them to be updated...

Forex21
May 11 2014 at 10:41
416 posts
@Victor Tous

It's up to the users if they share their results or not. If you would like to know why they share their results ....or don't share....update or don't update, I would suggest that you ask them directly.

BTW...here is another account from a user who started last week with ProFx.



@ Paracelsus66

If you do some research you will find out that many users archive much higher performance.

Paracelsus66
May 11 2014 at 12:27
85 posts
Wow... Amazing performance history...! 3 tradings days with 2 losers and 1 winner...

Statistically speaking what would be the 'p' value?

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