ProFx 4.0.4

Recomendation:
Do not place more than 1-2 trade per day.
This is also known as “One/Two strike(s) out rule.” It helps to reduce the monitoring time, keeps the psycho-logical pressure at very low level and acts as time filter during market periods with choppy market conditions.
Do not trade during holiday session.
During holidays markets are much more unpredictable. Therefore it is highly recommended not to trade dur-ing holiday sessions such as US, EU national holidays and shortly/after the new year.
Write a trade log for every trade.
Writing down why you entered and exited a trade will help you to increase your trading skills and help you to make the same mistake multiple times.
Decrease SL value before major news to protect your trading account.
Major news are often unpredictable. They can work for and against you. Whenever major news are about to be released, make sure you adjust your SL.
Accept that you cannot be always right.
We have no doubts that when you follow the trading rules that you will be able to generate constant profits using ProFx 4.0. However, in order to succeed you have to accept that you will be not always right and that there will be periods where you have to deal with draw downs. Only when you accept that and stick to the trading rules during difficult market conditions you will succeed as currency trader.
Trade with the Trend
Every trader knows the saying “The trend is your friend.”. Keep it in mind when placing a trade.