The ProFx 4.0 system and can be used on virtually any instruments. This includes major currency pairs, Commodities, Stocks, Bitcoin, and CFDs. However, it would be best to start with the main G10 currency pairs until you get used to the ProFx 4.0 system.
This strategy can be used on any time frame. But M30 would be recommended in combination with the H4 for trend confirmation. Orders during the EU and US sessions are also more preferred.
How to trade with ProFx 4.0 MT4 trading system?
Entry conditions
- ProFx 4.0 signal arrow should be displayed.
- The order needs to be confirmed by the ProFx 4.0 probability indicator at the bottom of the chart. The bluer/whiter the cloud is the stronger is the bullish/bearish signal.
- The bar under the signal arrow should be opened above/below the moving average.
- At the time ProFX 4.0 strength should be increasing/decreasing.
- The entry direction should be confirmed by a higher timeframe chart like H4 or D1.
Exit conditions
- Trades should not be closed as long as all indicators confirm the entered trend direction.
- When the Strength indicator signal lines are crossing (i.e. are grey bars), and the heiken ashi candles change color, the trade should then be closed.
- During high impact news, the price can fluctuate rapidly. Thus any open trades should be closed immediately, ignoring the indicators.
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How to download and install an indicator?
In order to install the indicator on your MT4 platform, you need to follow these steps:
- Click on “Download Indicator” button located at the bottom of the screen.
- Save the file to your computer.
- Extract and move the files into MT4>Indicator folder of the MetaTrader4 software file directory.
- Restart your Metatrader platform.
- Navigate to “Indicators.”
- And select “ProFx 4.0 MT4 trading system” template to apply it on the chart.
Note: ProFx 4.0 MT4 trading system was developed by forex21 and sent by an AtoZ Markets follower from Germany Oskar. AtoZ Markets does not carry any copyrights over this trading tool.
Should you trade using ProFx 4.0 MT4 trading system on your own at all?
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