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Author Topic: Manual Trading Strategy - ProFx  (Read 429955 times)

Offline cwave

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Re: Manual Trading Strategy - ProFx
« Reply #30 on: August 19, 2009, 05:27:17 PM »
I'm very pleased with results it's a solid system.
I'm surprised you don't hear more about it.
I also like Sniper Forex.
I check my signals from the ProFX with the Sniper and Sniper with ProFX.
I feel they are a perfect compliment to each other

Happy trading,
cwave

Offline Irishbar

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Re: Manual Trading Strategy - ProFx
« Reply #31 on: August 20, 2009, 07:16:53 PM »
cwave, what timeframes does this work best on? Is it a full time monitoring effort?

Offline cwave

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Re: Manual Trading Strategy - ProFx
« Reply #32 on: August 20, 2009, 07:33:17 PM »
cwave, what timeframes does this work best on? Is it a full time monitoring effort?

I use the 30 minute for the ProFX and the 1 hour for the Sniper. What I do is set everything up the way it's stated in the manuals.
I use one last filter which makes it just a bit more productive.

It's called the Auto Pivot Indicator which I watch and set the Daily SR Levels to true.
I use this indicator as an exit when it looks like the trade crosses over the Daily pivot line in the wrong direction.
As I speak I have 5 open trades and I'm winning 4 out of 5 but all 5 are either above or below the Daily pivot.
All shorts are below the Daily and all longs above.
I just closed out GPD/USD for a loss because it crossed from low to high before it hit my stop.

I can't stess enough the importance of watching your pivots.

I don't have time to watch so I'm very careful about setting my stops and limits. You can make it
a full time or part time job.

I also put the indicator below if you want to try it.

happy trading,
cwave
« Last Edit: August 20, 2009, 08:16:13 PM by cwave »

Offline Irishbar

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Re: Manual Trading Strategy - ProFx
« Reply #33 on: August 20, 2009, 07:52:39 PM »
Thanks for this explanation....much appreciated

Offline Pilotlife

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Re: Manual Trading Strategy - ProFx
« Reply #34 on: August 27, 2009, 11:46:55 AM »
Yes, i also use ProFX this way. Plus - resistance levels and trendlines. Great system!

Brgds/Pilotlife

Offline Beaufort

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Re: Manual Trading Strategy - ProFx
« Reply #35 on: August 29, 2009, 08:05:55 AM »
cwave, what timeframes does this work best on? Is it a full time monitoring effort?

I use the 30 minute for the ProFX and the 1 hour for the Sniper. What I do is set everything up the way it's stated in the manuals.
I use one last filter which makes it just a bit more productive.

It's called the Auto Pivot Indicator which I watch and set the Daily SR Levels to true.
I use this indicator as an exit when it looks like the trade crosses over the Daily pivot line in the wrong direction.
As I speak I have 5 open trades and I'm winning 4 out of 5 but all 5 are either above or below the Daily pivot.
All shorts are below the Daily and all longs above.
I just closed out GPD/USD for a loss because it crossed from low to high before it hit my stop.

I can't stess enough the importance of watching your pivots.

I don't have time to watch so I'm very careful about setting my stops and limits. You can make it
a full time or part time job.

I also put the indicator below if you want to try it.

happy trading,
cwave


I have just purchased ProFx, would someone be kind enough to tell me how to download the Auto Pivot Indicator to a chart.

Thanks

Sam

Offline Almandine

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  • Posts: 540
Re: Manual Trading Strategy - ProFx
« Reply #36 on: August 29, 2009, 08:16:57 AM »
I have just purchased ProFx, would someone be kind enough to tell me how to download the Auto Pivot Indicator to a chart.

Thanks
Sam

1. Download the mq4 file from cwave's post.
2. Copy the file to the \experts\indicators folder in the installation folder of your Metatrader4 client. The location of the installation folder varies, but it is in the Program files folder, for example:
C:\Program Files\FxPro MetaTrader\experts\indicators\
3. Restart the Metatrader program.
4. Select the Auto-Pivot indicator from the main menu: Insert -> Indicators -> Custom -> (autopivot indicator's name)
5. Click OK in the appearing window

I hope it helps.

Offline Beaufort

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Re: Manual Trading Strategy - ProFx
« Reply #37 on: August 29, 2009, 08:33:53 AM »
I have just purchased ProFx, would someone be kind enough to tell me how to download the Auto Pivot Indicator to a chart.

Thanks
Sam

1. Download the mq4 file from cwave's post.
2. Copy the file to the \experts\indicators folder in the installation folder of your Metatrader4 client. The location of the installation folder varies, but it is in the Program files folder, for example:
C:\Program Files\FxPro MetaTrader\experts\indicators\
3. Restart the Metatrader program.
4. Select the Auto-Pivot indicator from the main menu: Insert -> Indicators -> Custom -> (autopivot indicator's name)
5. Click OK in the appearing window

I hope it helps.

Thank you very much Almandine, job done, it's installed.

Sam

Offline Pilotlife

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Re: Manual Trading Strategy - ProFx
« Reply #38 on: August 31, 2009, 03:37:49 AM »
Morning all!

ProFX v2 is now released. The testing continues on my blog.

Brgds/Pilotlife

Offline Biggz

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Re: Manual Trading Strategy - ProFx
« Reply #39 on: August 31, 2009, 09:00:22 AM »
I get an error that my name is not displayed correctly when I load it to my FXDD account.
I can´t find it on MT4 platform how my name is displayed .

"If a Swiss banker jumps off a cliff, follow him....there's likely money in it."

Offline cwave

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Re: Manual Trading Strategy - ProFx
« Reply #40 on: August 31, 2009, 09:27:15 AM »
I get an error that my name is not displayed correctly when I load it to my FXDD account.
I can´t find it on MT4 platform how my name is displayed .



You need to go to the left and open the navigator.

It where they have accounts, custom indicators and experts.
You need to open a new account.
Right click on accounts and open a new account will open.
Make sure when Personal Details opens you put the name that you used to your buy the ProFX licesne. than just open up a new account.

cwave











cwave

Offline Beaufort

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Re: Manual Trading Strategy - ProFx
« Reply #41 on: August 31, 2009, 09:44:07 AM »
cwave, what timeframes does this work best on? Is it a full time monitoring effort?

I use the 30 minute for the ProFX and the 1 hour for the Sniper. What I do is set everything up the way it's stated in the manuals.
I use one last filter which makes it just a bit more productive.

It's called the Auto Pivot Indicator which I watch and set the Daily SR Levels to true.
I use this indicator as an exit when it looks like the trade crosses over the Daily pivot line in the wrong direction.
As I speak I have 5 open trades and I'm winning 4 out of 5 but all 5 are either above or below the Daily pivot.
All shorts are below the Daily and all longs above.
I just closed out GPD/USD for a loss because it crossed from low to high before it hit my stop.

I can't stess enough the importance of watching your pivots.

I don't have time to watch so I'm very careful about setting my stops and limits. You can make it
a full time or part time job.

I also put the indicator below if you want to try it.

happy trading,
cwave

Thank you cwave,

I have spent most of the weekend and today (Aus time) looking up everything I can about Pivots and SR levels, after this I must agree it is "a must have tool" on every chart to help avoid big losses and improve win rate.

Thank you,

Sam

Offline trdmny

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Re: Manual Trading Strategy - ProFx
« Reply #42 on: September 01, 2009, 01:18:33 AM »

I also purchased and use Profx. Can anyone tell me if we get a free upgrade to Profx v2?

Just to let everyone know a simple rule I use is NEVER take a trade on the price bar when you first get the signal. I always wait till the next price bar or sometimes the 3 price bar to verify the traes is going to go in the right direction.

Thanks
Mark E



Morning all!

ProFX v2 is now released. The testing continues on my blog.

Brgds/Pilotlife

Offline cwave

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Re: Manual Trading Strategy - ProFx
« Reply #43 on: September 01, 2009, 02:20:49 AM »

I also purchased and use Profx. Can anyone tell me if we get a free upgrade to Profx v2?

Just to let everyone know a simple rule I use is NEVER take a trade on the price bar when you first get the signal. I always wait till the next price bar or sometimes the 3 price bar to verify the traes is going to go in the right direction.

Thanks
Mark E



Morning all!

ProFX v2 is now released. The testing continues on my blog.

Brgds/Pilotlife




Mark,

I got mine Sunday night at about 7:00PM EST and it was free.

cwave

Offline Beaufort

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Re: Manual Trading Strategy - ProFx
« Reply #44 on: September 01, 2009, 04:21:53 AM »

Yery interesting thread about automated trade managers here-

http://www.donnaforex.com/forum/index.php?topic=982.0

Well worth a read.

Sam

 

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