Profx pdf user`s manual
Contents
1. Cornpiler 4 RESTART METATRADER 4 5 AFTER RESTARTING THE INDICATORS AND THE TEMPLATE ON THE RIGHT PLACE AND THE STRATEGY IS READY TO USE RECOMMEND IS TO START WITH THE GBPUSD 30 MIN CHART 1 Prolfz2 Rebirth11 Tradirig k Expert amp amp h Tal P eriodicitu k Volume 1 Tema 3 2 Juni 11 30 25 Ju P 67 50 Arrarige Price Cornmi FOR THE CASE THAT YOU DONT KNOW HOW TO OPEN A TEMPLATE USE THE BUILT IN HELP FROM META TRADER 4 few Charts Help gt W Order CD Expert Advisors Bid 1 1206 1 1710 THE FOLLOWING INDICATORS DISPLAYED ON THE CHART PROFX01 PROFX08 11 ll Q rawa aN _ 4 Mar 18 00 5 Mar 02 00 5 Mar 10 00 5 Mar 18 00 6 Mar 02100 6 Mar 10 00 6 Mar 18 00 7 Mar 0200 7 Mar 10 00 7 1 0 8 Mar 02 00 z 6 COLOURS WIDTH AND STYLE FROM THE INDICATORS ARE FULLY ADAP TABLE L islom Indicator Pror x ii a s 5 Common Colors Visualization C n2. USER MANUAL PROFX MANUAL TRADING STRATEGY http www forexeasystems com INTRODUCTION THE TRADING STRATEGY PROFX IS THE RESULT FOR SCIENTIFIC STUDIES OF THE FOREIGN EXCHANGE MARKET FOREX AND AVAILABLE RESOURCES THE STRATEGY CONTINUES TO BE IMPROVED FOR THE PURPOSE OF REACHING MAXI MUM POSITIVE RESULTS AS A POWERFULL TOOL IN THE FOREX MARKET THIS STRA TEGY IS DEVLOPED FOR THE COMMERCIAL PLATFORM META TRADER 4 BEFORE USING THIS APPLICATION AS WITH ANY SYSTEM BECOME ACQUAINTED WITH THE MANAGE MENT OF TOOLS AND USER INTERFACE METATRADER 4 amp BROKER DOWNLOADRESOURCE FOR META TRADER 4 http www metaquotes net terminal THERE ARE MORE THEN 100 BROKER WHO SUPPORTS META TRADER 4 CLIENTS WHO NEEDS TO CHOOSE A BROKER SHOULD READ MT4BROKER PDF SETUP 1 PLACE THE CUSTOM INDICATORS IN THE FOLDER FROM THE METATRADER 4 SOFTWARE C PROGRAMFILES METATRADER NAME OF BROKER EXPERTS INDICATORS include J 095 presets FOR THE CASE THAT YOU DONT FIND THE FOLDER USE THE WINDOWS SEARCH FUNC TION 2 NEXT STEP IS TO PLACE THE TEMPLATE IN THE RIGHT FOLDER C PROGRAMFILES METATRADER NAME OF BROKER TEMPLATES J LiveLIpdate vletamuiotes LiveLIpdate HTIL HilFedaktei 5 C
3. IT HAS BEEN OUR EXPIERENCE IN TRADING FOREX AND HELPING NEW AND SEASO NED TRADERS THAT THE GREATEST CAUSE OF LOSSES IS THE ABSENCE OF SELF DIS CIPLINE TRADER NEED LOT OF SELF DISCIPLINE THE BEST WAY TO TRAIN YOUR DISCIPLINE IS MAKE YOURSELF WATCH THE MARKET FOR A WHOLE WEEK WITHOUT DOING ONE TRADE EVEN IF THE PERFECT TRADE CO MES UP DONT DO ANYTHING THIS WILL PROVE YOURSELF THAT YOU HAVE DISCIPLI NE TO BE PATIENT AND NOT TO TRADE RULE BE DISCIPLINED PROFX STRATEGY RULES BASICRULES FOR ENTRY 1 THE BASICRU LE IS THAT ALL INDICATORS MUST POINT IN THE SAME DIREC TION AND YOU i ni ARE IN THE TRA W 0 98360 DING TIME EUROPEAN USA SESSION 1 0 95110 YOU 50 THE SESSION BUT COUNT THAT THIS sEssioN Is slow K AND GOOD VES HAPPENDS NOT SO OFTEN 1 BEESIIIEEI EI mr rmmunmrmnmmkanr r 2 CHECK MAINTREND FROM THE 4 HOUR CHART TRADE WITH THE MAINTREND 3 CHECK THE ECONOMIC CALENDER DONT ENTER A TRADE BEFORE MAJOR NEWS COMES OUT GDP NFP ETC 4 DONT TRADE HOLIDAY SESSIONS BASICRULES FOR PLACING THE PROTECTIVE STOPLOSS 1 PLACE THE STOPLOSS NEAR THE LAST IMPOR TEND SUPPORT RESISTANCE LEVEL 25 70 PIPS 2 ALWAYS PLACE THE STOP WITH THE INITIAL ORDER 3 DONT USE MENTAL STOPS 4 NEVER USE A STOP GREATER THEN 100 PIPS NOTE I
4. F YOU FEEL NOT COMFORTABLE WITH SUPPORT AND RESITANCE LEVELS YOU CAN USE ALTERNATIVE FIBS PIVOTS AS POTENTIAL STOPLOSS LEVELS BASICRULES FOR EXIT 1 EXIT TAKEPROFIT 100 PIPS FOR GBP USD 2 EXIT THE TRADE WHEN THE SIGNAL CHANGE EXIT THE TRADE WHEN STRONG NEWS COMES OUT AND YOU HAVE NOT ONE IDEA WHAT WILL BE THE DIRECTION AFTER THE RELEASE 4 EXIT THE TRADE AT THE END OF THE US SESSION RECOMMANDATION TRADE THE STRATEGY 1 4 WEEKS ON DEMO BEFORE YOU START TO TRADE LIVE WITH THE STRATEGY ADVANCED STRATEGY RULES WHEN YOU HAVE ALREADY EXPERIENCE IN TRADING FOREX USE THIS RULES TO INC REASE YOUR WINNING TRADES AND YOUR PROFITS ENTRY ON THE MOVE OSZILATOR HEADING DOWN MOMENTUM IS STRONG OTHER INDICATORS CONFIRMS THE DIRECTION IN SUCH CASES YOU CAN ENTER THE TRADE EARLIER FILTER OUT TIGHT RANGES WHEN THE MARKET IS IN A TIGHT RANGE IGNORE UPCOMING ENTRY SIGNALS AS LONG THE PRICE IS IN THE RANGE ENTER THE TRADE IN THE DIRECTION FROM THE SIGNAL AFTER A CLEAR BREAK OF THE RANGE CHOOSE THE BEST STOP LOSS LEVEL LOOK TO SUPPORT RESISTANCE FIBS AND PIVOTS CHOOSE THE STRONGEST RE SISTANCE OR SUPPORTLEVEL FOR THE STOPLOSS USE TREND CORRECTIONS THE BASIC RULE SAYS TRADE WITH THE TREND HOWEVER ADVANCED TRADERS CAN USE COUNTERTRENDS AND CORRECTIONS TO MAKE SOME EXTRAPROFITS FOR THIS YOU HAVE TO DETERMINE THE TREND AND LOOK FOR POSSIBLE
5. POSSIBLE THAT YOUR COMPUTER IS SLOWING DOWN FROM THIS REASON IST RECOMMEND TO USE THE DEFAULT SETTINGS FOR THE CASE THAT YOU HAVE TROUBLES WITH THE SETUP PLEASE CONTACT THE SUPPORT LIVECHAT VIA YAHOO IM FOREXEASYSTEMS EMAIL support forexeasystems com PLEASE ALLOW US 24 HOURS TO ANSWER BEFORE WE START WITH THE EXPLAINATION FROM THE STRATEGY RULES PLEASE TAKE THE TIME AND READ THE GENERAL TRADING RULES TRADING PLAN MANY TRADERS STARTS TRADING WITHOUT ANY PLAN SOUNDS UNBELIEVABLE BUT IS UNFORTANLY THE TRUTH PLAN WHERE YOU WANT TO ENTER A TRADE HOW MUCH MONEY YOU ARE GOING TO RISK WHERE YOU ARE GOIUNG TO GET OUT IF YOU ARE WRONG WHERE YOU ARE GOING TO TAKE PROFITS IF YOU ARE RIGHT KNOW HOW MUCH MONEY YOU ARE GOING TO MAKE IF YOU ARE RIGHT NEVER TRADE WITHOUT A PROTECTIVE STOPLOSS RULE DONT TRADE WITHOUT A TRADE PLAN MONEYMANAGEMENT CREATE FIXED RULES HOW MUCH MONEY YOU WANT TO RISK PER TRADE AND STICK TO YOUR RULES DONT USE A RISK FROM MORE THEN 5 PER TRADE RULE USE PROTECTIVE STOP LOSS ALWAYS PLACE A STOPLOSS WITH THE INITIAL ORDER NO MENTAL STOPS MANY TRADERS SAY USE MENTAL STOPS AND CHANGE THEM MENTAL WHEN THE MAR KET GOES AGAINST THEM WITH A MENTAL STOP AS SOON AS THE MARKET HAS GO NE THROUGH YOUR STOP LOSS PRICE YOU WILL NO LONGER ACT ABSOLUTELY RATI ONAL NOW YOU ARE MOST LIKELY TO MAKE A DECISION BASED ON FEAR GREED AND HOPE RULE NEVER T
6. RADE WITHOUT A FIXED PROTECTIVE STOP TAKING LITTLE PROFITS AND LETTING YOUR LOSSES RUN A MAJOR MISTAKE FROM TRADERS IS TAKING SMALL PROFITS AND LETTING LOSSES RUN RESULT FROM HAVING NO TRADE PLAN AFTER ONE OR TWO LOSING TRADES YOU ARE LIKELY TO TAKE SMALL PROFITS ON THE NEXT TRADE EVEN THOUGH THAT TRADE COULD TURNED INTO A LARGE WINNER RULE CUT LOSSES AND LET WINNER AVERAGING UP DOWN IN FOREX WITH A LEVERAGE FROM 100 1 OR GREATER AVERAGING A LOSS CAN BE DISASTROUS FOR YOUR ACCOUNT A TYPICAL APPROACH IS THAT AFTER YOU WENT LONG AND THE PRICE DROPS DOWN YOU MIGHT FIGURE THAT IT WAS A GOOD BUY THEN IT IS A BETTER NOW YOU MAY JUSTIFY AVERAGING DOWN BY FIGURING YOU WILL HAVE A LOWER AVERA GE PRICE AND REQUIRE A SMALLER MOVE TO BREAK EVEN UNFORTANLY YOU WILL LOSE TWICE AS MUCH IF THE MARKET CONTINUES AGAINST YOU RULE NO AVERAGING UP AND DOWN OVERTRADING TO MUCH OPEN TRADES WITH TO MUCH RISK IS A CLASSICAL EXAMPLE FROM VERTRADING OUR RULE IS TO HAVE ONLY 3 POSITIONS MAX OPEN AT ONE TIME THIS GREATLY LIMITS ANY POSSIBLE OVER TRADING NOTE OVERTRADING IS THE QUICKEST WAY TO BLOW UP YOUR ACCOUNT RULE NO OVERTRADING NOT HAVING PATIENC YOU TRADE TO MAKE MONEY RIGHT YOU DONT GET MONEY TO ENTER AS MUCH TRADES AS POSSIBLE CHOOSE THE BEST TRADING SETUPS AND WAIT PATIENT WHI LE THEY UP IST SOMETIMES BETTER NOT TO TRADE THEN TO TRADE AND LOSING MONEY RULE BE PATIENT DISCIPLINE
7. TURING POINTS IN THE TREND TRENDLINES FIBS PIVOTS ENTER THE TRADE WHEN A POSSIBLE TURNING POINT IS COMING UP AND YOU HAVE A SIGNAL FROM THE STRATEGY USE A TARGET FROM 50 100 PIPS GENERAL WRITE A TRADE DIARY AND ANALYSE YOUR TRADES DONT SIT THE WHOLE DAY IN FRONT OF YOUR SCREENS IT IS MORE THEN ENOUGH WHEN YOU CHECK YOUR CHARTS EVERY FEW HOURS TRADE AT FIXED TIMES SHARE YOUR RIKS TRADING MULTIPLE PAIRS
8. lor width 2 1 2 2 w 3 Grav r 4 m Reset FOR THE YOU CHANGE THE COLOURS DONT FORGET THE CHANGES OTHERWISE THE CHANGES GET LOST WHEN YOU CLOSE THE PLAT FORM Trading Expert AdIsors Indicators List 11 4 List trl B P eriodicitu Refresh Load T ernplate n 7 AS NEXT STEP YOU MAY SETUP AND DISPLAY YOUR PERSONAL TRADING TIME USING THE INDICATOR PROFX8 WE TRADE FROM 0630 2100 BECAUSE IS IN OUR MEAN THE BEST TRADING TIME DEPENDING FROM YOUR TIMEZONE SERVERTIME YOU MAY ADAPT THE SET TINGS Custom Indicator ProFx08 gT o Colors Visualization V arlable V alue ab Beqin_1 06 30 ab 1 15 00 Color_1 50 5030 ab 2 12 00 ab End 2 21 00 Color_2 I 50 20 30 EUROPE CLOSE US 05 CLOSE 8 WITH PROFX1 WILL ALERT YOU WITH SOUND AND WINDOW WHEN POSSIBLE ENTRY IS COMING UP SoundON true ALERT SoundON false NO ALERT NOTE PROFX 01 AND PROFX06 WILL BE DISPLAYED ON THE LAST 1000 BARS YOU CAN CHANGE THAT BUT FOR THE CASE THAT YOUR WORKING STATION IS NOT THE STRONGEST 256 768MB RAM IST
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