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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
Mar 27 2014 at 13:57
416 posts
The setups are just a part of it, and although they are an important part of the system, it is the combination of all parts (indicators, setups, trading rules) which makes it a very effective trading system.

abouetta
Apr 01 2014 at 16:18
5 posts
I don't recommend this system as it is just a lagging indicator (mostly customized MAs with other two oscillators), you will get signal of trend direction on 30 minutes time frame, which most of times are late and you miss the move, or fake trend change so you end up with losses, so I couldn't find it useful for such amount of money $189. you can find many free trend indicators similar to it or even better.

Also, as for the results you see here, don't get cheated, as they are daily trades opened manually by the system owner, and most of the time we don't know why he opened the trade or closed it, it is not connected to the system, and it seems he depends on his trading experience, and trying to make customers feel that these results are directly connected to his system performance, but in reality this is not true, and whatever you do with his system, you will not get the same results or even any long term profits.

And you can follow the system creator twitter account or website and see the daily trade he opens and you will understand what I mean.

And finally, take care of his trick, as he claims that the purchase is refundable without any conditions or questions, but when you will try to refund he will come by any reason to stop that, specially he hides a piece of info stating that refund period is just 10 calendar days from purchase day, and he hides this info in the website, so many customers get tricked and when they try to refund their money he will tell them that time is passed!

Please take care, and let me know if you need any further details and advice!

Forex21
Apr 01 2014 at 17:25
416 posts
Hello Aly,

I don't recommend this system as it is just a lagging indicator (mostly customized MAs with other two oscillators)

I am sorry to hear that. Many traders love it and I am sure if you would give it a little time and stick for the beginning to the basic rules you would succeed with it as well. By the way, all technical indicators are lagging. That is not to change. However, ProFx have nothing to do with MAs. I mean it would be great if it would be that simple but it is not.


....you will get signal of trend direction on 30 minutes time frame, which most of times are late and you miss the move, or fake trend change so you end up with losses, so I couldn't find it useful for such amount of money $189. you can find many free trend indicators similar to it or even better.


Sometimes you will miss a move, yes. ...and sometimes you will be late, yes. BUT what matters are the results at the end of the month. And I believe they speak for themselves. Anyway, if you believe that you will get better results with a bunch of free indicators, than go ahead and see how it works out.

Also, as for the results you see here, don't get cheated, as they are daily trades opened manually by the system owner, and most of the time we don't know why he opened the trade or closed it, it is not connected to the system, and it seems he depends on his trading experience, and trying to make customers feel that these results are directly connected to his system performance, but in reality this is not true, and whatever you do with his system, you will not get the same results or even any long term profits.


This is an ridicules argument because all trade suggestions are based on the standard trading rules and they are really very easy to follow. However, as I trade since nearly 10 years, I do share of course some of my experience. I believe there is nothing wrong with.


And finally, take care of his trick, as he claims that the purchase is refundable without any conditions or questions, but when you will try to refund he will come by any reason to stop that, specially he hides a piece of info stating that refund period is just 10 calendar days from purchase day, and he hides this info in the website, so many customers get tricked and when they try to refund their money he will tell them that time is passed!


Here is a screenshot of the 'hidden' refund policy. Font is pretty large and as the terms and conditions page is linked from every single page I believe it cannot be called hidden.




Best Regards, Alexander




Forex21
Apr 01 2014 at 17:26
416 posts
quhedge
Apr 03 2014 at 21:30
1 posts
Mr. Forex21 (Alex) blocked my other account (abouetta), because I discovered the truth about his system and I just saying it objectively!

Here is a screen shot from my other fxbook account showing the block!

I warn everybody to think twice before buying this system, don't waste your money, it is a lagging indicator with many fake breakouts you will end with losses, and if the results here faked you, please keep in mind it is system creator manual selected trades, and we don't know how he selects them from the tenth of his indicator trend signals sent daily!

And at the end take care the system refund period is just 10 days, and you will not find this written in the EULA (end user license agreement) so take care!


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Forex21
Apr 04 2014 at 06:46
416 posts
Hello Aly,
suggestions, questions and of course also critic is welcome here but as your arguments are ridiculous I blocked your messages and 'Allāhu Akbar' hate e-mails.

Now, if you take a look to the results of other ProFx 3.0 users, you will see that even traders who just started their trading career archive great results. As you don't, you need to ask yourself if it is really the system that does not work, or if it is your own fault.

Fact is that if you follow the basic trading rules, you will make money. If you cannot follow them from what reason ever, then it is very likely that you will not make any profits using it, but it does not mean that the system does not work. It just means that it does not work for you because you are not capable of following the rules.

Best Regards, Alexander

PS: All trade suggestions are based on the basic trading rules and everybody who can follow the trading rules can and will archive the same or very similar trading results.

Mad_Matt
Apr 04 2014 at 07:50
10 posts
@ aly aka quhedge aka akbar aka abouetta

You open multiple user accounts and try to proof your point by talking with yourself. Maybe you should get some professional help?

BTW, I bought ProFx too, and it is the best system I ever used for trading. All you have to do is follow the rules and magic things will happen to your account.

Matt

Forex21
Apr 04 2014 at 08:59
416 posts
Hello everyone,
although it is not topic related; I was wanted to inform you that we just published three new free tools for currency traders.

1) Forex Risk Calculator
This calculator allows you to calculate risk per trade and risk ratio. Use it to keep your risk under control and improve your money management strategy.

Link: https://www.forex21.com/forex-risk-calculator-in-lots

2) Forex Currency Converter

This tool can be used to convert any currency to another one. All quotes are based on Yahoo Finance live prices.

Link: https://www.forex21.com/forex-currency-converter

3) Forex Compounding Calculator

If you ever asked yourself how your account balance will look in one year when you make 5% per month, then you will love this tool.

Link: https://www.forex21.com/forex-compounding-calculator

Best Regards, Alexander

Guilber (Guilber)
Apr 04 2014 at 13:09
15 posts
@ quhedge
Why not share your trading results? As there are lots of people who do well with this system, I am sure that some would agree to analyze your results and help you to get you on the right track.

'False flag' and 'Crying in your own beer' posts won't make you any profits. 😉

SVEEUK1
Apr 09 2014 at 08:50
61 posts

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

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