ProFx Forex Trading System is a trend following the forex trading system. The Pro Fx Forex Trading System is the simplest form of the trend following system. Although this forex trading system is too simple it is very powerful and has a high level of accuracy.
The indicators of the ProFx Forex Trading System are optimized to get the best results. This forex trading system was backtested on wide range of currency pairs and on several time frames and it generated fantastic results.
Trend following trading systems are always the best ones as no one can forecast the market but follow. But it takes discipline to be a good follower. Only good a trend follower can make money from the market.
|Instruments||Number of Indicators||Rating|
|M15, H1, H4, and Daily||Any||3||
ProFx Forex Trading System Overview
Click here for a step by step guide to install the trading system in your MetaTrader 4. When you install ProFx Forex Trading System in your trading platform, your chart will like this :
ProFx Forex Trading System Indicators
|ProFx Heiken Ashi||
Among three indicators used in this forex trading system, two are in the main chart windows which help in generating trading signals and the indicator in the indicator window will help to verify the signal.
- ProFx Heiken Ashi
The ProFx Heiken Ashi indicator will help you generate the Heiken Ashi chart. Heiken Ashi chart is smoother than the ordinary chart and it removes the noise of the market and gives you clear direction.
- ProFx MA
The yellow moving average that you see on the main chart will help you to determine the direction of the market.
- ProFx Strength
ProFx Strength index consists of histograms that fluctuate in positive and negative territory. When the histogram is positive, you should be buying and when the histograms are negative you should be selling.
ProFx Forex: Buy Signals
- The currency pair should be up trending.
- Heiken Ashi bars should cross above the FxPro MA indicator.
- Heiken Ashi bars should form at least 3 consecutive bullish bars.
- The ProFx strength indicator moves into the positive territory from the negative territory.
- Place your buy order at the market rate when all the above conditions are met.
- Set your stop loss just below the recent swing low.
- Take your profit when the ProFx strength histogram dives into the negative territory.
You Must Read: The Best Forex Trading Strategy Ever
ProFx Forex: Sell Signals
- The currency pair should be down trending.
- Heiken Ashi bars should cross below the FxPro MA indicator.
- Heiken Ashi bars should form at least 3 consecutive bearish bars.
- The ProFx strength indicator move into the negative territory from the positive territory.
- Place your sell order at the market rate when all the above conditions are met.
- Set your stop loss just above the recent swing high.
- Take your profit when the ProFx strength histogram rises to the positive territory.