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Evaluation of Profigenics Forex System

  • #1
  • First Post: Edited Sep 14, 2018 3:42am Sep 12, 2018 1:48am | Edited Sep 14, 2018 3:42am
Lately i get daily emails with advertising for the Profigenics trading system.

It costs only $7 and reports from user tell about winnings of 20%, 50%, 100% a day. (I'm really happy about all who will become millionaires in a short time).

Because my financial resources do not allow me to buy the system, I would like to program the system's indicators, possibly an EA, and post it here.
(The original indicators and the user manual may not be posted here).

If anyone is interested in the system and can contribute to the analysis and evaluation of the system, please report here, and i can start to program the indicators and post them here.

I have no connection with the system seller, and make no recommendation to buy the system.
I will not be responsible for any trading losses, and I do not require any participation in the profits of millions.
Attached Image (click to enlarge)
Click to Enlarge Name: PG-EURUSDM30.png Size: 20 KB

Anyone posting in the thread comments, suggestions or evaluations, and would like to have the source code, can send me his email address in PM.
  • #2
  • Sep 12, 2018 10:55pm Sep 12, 2018 10:55pm
Quoting SwingMan
Lately i get daily emails with advertising for the Profigenics trading system. It costs only $7 and reports from user tell about winnings of 20%, 50%, 100% a day. (I'm really happy about all who will become millionaires in a short time). Because my financial resources do not allow me to buy the system, I would like to program the system's indicators, possibly an EA, and post it here. (The original indicators and the user manual may not be posted here). If anyone is interested in the system and can contribute to the analysis and evaluation of the...
Sounds like a plan...
R:R "Percentage Focus"
  • #3
  • Edited 10:02am Sep 13, 2018 5:50am | Edited 10:02am
Hi Swingman

I am planning to do an EA for this myself, but I won't have time to start on it until mid-next week, so if you get there first, I'm not going to complain

As with so much of the stuff Russ Horn churns out, there are discrepancies between the manual and the supplied template, so I will detail here the indicator settings as per the template.

The channel is SMA 3 High and SMA 3 Low, both on Close with shift 1
The purple trend line (he calls it the Bias Line) is an EMA 34 on Close with Shift 1

The Director indicator is just an MA crossover coded as a histogram - it is FastMA= SMA 8 on Close with shift 1; SlowMA=EMA 20 on Close with shift 0.

The trade rules require a comparison of the setup on the timeframe to be traded, with that on the next higher timeframe (although for M15 he says to use H1 as the higher TF).

The basic rules are:

Higher TF Criteria:

For a Long trade:
1. Channel is completely above the Bias Line
2. Price is above the lower channel line

For a Short trade:
1. Channel is completely below the Bias Line
2. Price is below the upper channel line

On the TF to be Traded there are CONSERVATIVE and AGGRESIVE trade modes:

CONSERVATIVE BUY:

Setup:
1. Higher TF meets criteria
2. Channel is totally above Bias line
3. Price is above the bottom channel line
4. Director Histogram is green
5. Price falls to touch the bottom channel line

Signal:
6. Price moves just above the recent resistance (bottom channel line) (possibility to place a pending trade when point 5 occurs).

Management:
7. Inital SL is placed below the bottom channel line
8. Place 1:1 TP
9. Trail SL along bottom channel line

Conservative SELL is obviously the same but using the top channel line with red Director

Invalidating a Conservative trade:
Cancel a pending trade if the following occur after setup:
1. 3 bars close on the wrong side - so for a buy setup, 3 candles close below the bottom channel line
2. The Bias line moves into the channel



AGGRESSIVE BUY:

Setup:
1. Higher TF meets criteria
2. Channel is totally above Bias line
3. Price is above the bottom channel line
4. Director Histogram is green

Signal:
5. Price falls to touch the bottom channel line
6. Buy trade is placed

Management:
7. Inital SL is placed 1 width of the channel below the bottom channel line
8. Place TP 1 channel width above the channel
9. When price closes above the channel, trail SL along bottom channel line

Aggressive SELL is obviously the same but using the top channel line with red Director

With aggressive trades, if the SL is less than 8 pips, do not take the trade as the channel is too narrow and the market is probably ranging. Obviously this is more likely on M5 and M15. On H1 and above such a narrow channel is less likely.
  • #4
  • Edited 2:41pm Sep 13, 2018 12:16pm | Edited 2:41pm
Quoting philrussell9
- The channel is SMA 3 High and SMA 3 Low, both on Close with shift 1
- The purple trend line (he calls it the Bias Line) is an EMA 34 on Close with Shift 1
- The Director indicator is just an MA crossover coded as a histogram - it is FastMA= SMA 8 on Close with shift 1; SlowMA=EMA 20 on Close with shift 0.
Hi Phil,

nice that you are also interested in the system, and have posted the rules here!
I am working slowly on the system, and later on we can see the results in EAs.

I have only two comments because in the downloaded template I found something else:

- The "Bias" line is on the Open (and not on the Close)
- In the "Director" indicator I have "FastMA = 5" (and not 8)

Now I post an "all in one" indicator, with moving averages.

In next versions for manual trading, the MACD and the upper TFs are taken into account.
Later, the signals and the EA.

Of course in an EA one will change, optimize and analyze the best parameters.
Attached Image (click to enlarge)
Click to Enlarge Name: smPG-MAs-EURUSDH4.png Size: 27 KB
Attached File(s)
File Type: ex4 smPG MovingAverages_v1.ex4   14 KB | 654 downloads
  • #5
  • Sep 13, 2018 12:40pm Sep 13, 2018 12:40pm
Quoting SwingMan
{quote} Hi Phil, nice that you are also interested in the system, and have posted the rules here! I am working slowly on the system, and later on we can see the results in EAs. I have only two comments because in the downloaded template I found something else: - The "Bias" line is on the Open (and not on the Close) - In the "Director" indicator I have "FastMA = 5" (and not 8) {image} {file}
Hi

Yes, I just reapplied the original template, and of course you are correct - the "Director" is 5 and 21 and the "Bias" line is indeed on the open

Thanks for the 'all in one' indicator

Phil
  • #6
  • Sep 14, 2018 3:36am Sep 14, 2018 3:36am
Next indicator is the MACD.
Attached Image (click to enlarge)
Click to Enlarge Name: PG-EURUSDDaily.png Size: 24 KB
Attached File(s)
File Type: ex4 smPG MACD_v1.ex4   16 KB | 707 downloads
  • #7
  • Sep 18, 2018 12:51pm Sep 18, 2018 12:51pm
Here is my indicator for the Bias and Channel lines on a higher TF.

Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 333 KB


Attached File(s)
File Type: mq4 S2S_HigherTF_MA_V1.mq4   9 KB | 459 downloads
  • #8
  • Sep 21, 2018 12:39pm Sep 21, 2018 12:39pm
thanks George and phil,

for explaining this system and providing some indicators.
will certainly follow and test to c if this has some merit.

and yes mr. horn is already for years churning out 1 system/method after the other..
and i supect more expensive upsells after the initial $7,
  • #9
  • Sep 23, 2018 7:47am Sep 23, 2018 7:47am
When I take the video
Inserted Video

at 14:10
and compare your ema/sma cross over doesn t fit...The signal comes 3 bars too early! I changed to shift=0 for both and the period to 9 and 21...now it looks equal...
And look in the rectangle...the old setting don t look smooth !
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 162 KB
Vucking good EA coder... https://t.ly/AZjRM
  • #10
  • Sep 23, 2018 12:52pm Sep 23, 2018 12:52pm
Ok...forgot: Indi and template...
Attached File(s)
File Type: ex4 Profigenics FX - DirectorV1.00.ex4   14 KB | 866 downloads
File Type: tpl profigenics.tpl   5 KB | 746 downloads
Vucking good EA coder... https://t.ly/AZjRM
  • #11
  • Sep 23, 2018 1:23pm Sep 23, 2018 1:23pm
Just did a quick test and the conserative sl is too small...c in the pic!
You can t ride the trends!
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 85 KB
Vucking good EA coder... https://t.ly/AZjRM
  • #12
  • Sep 23, 2018 1:37pm Sep 23, 2018 1:37pm
So "moving" the trail to channel low - channel size takes possible entries which I tested to the maximum of success...like in the screen!
So I am no longer interested in the original strat cause the entries r xcellent but the exits have to be improved...
Which U luck phil, a nice week + green pips!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 102 KB
Click to Enlarge Name: Screenshot2.png Size: 99 KB
Vucking good EA coder... https://t.ly/AZjRM
  • #13
  • Sep 23, 2018 3:02pm Sep 23, 2018 3:02pm
Many thanks to reteid2222 for its evaluations!

Here the MovingAverages indicator with Signals for Manual trading.
In the next version I will also consider the conditions for the upper time Frame.
Attached Image (click to enlarge)
Click to Enlarge Name: PG-GBPJPYM15.png Size: 35 KB
Attached File(s)
File Type: ex4 smPG MovingAverages_v2.ex4   20 KB | 754 downloads
  • #14
  • Sep 24, 2018 4:56am Sep 24, 2018 4:56am
Quoting reteid2222
So "moving" the trail to channel low - channel size takes possible entries which I tested to the maximum of success...like in the screen! So I am no longer interested in the original strat cause the entries r xcellent but the exits have to be improved... Which U luck phil, a nice week + green pips! {image} {image}
I agree with you that the entries are good and the exits are rubbish. Russ Horn churns out so may strategies that, of course, most of them are useless. This one might just have the makings of something useful, but it does need to be improved - it does not work well the way he has suggested.

I am not interested in the conservative option, only the aggressive, and i have already coded an EA for it, but I have not posted it yet because, as you say, the exits and the initial SL are not good.

I also do not think that the higher TF helps. I have found better ways to confirm the trend. I am testing now and will post when I have some results. One thing I am trying is to use a channel for the Bias line - so the SMA 3 channel has to be fully above the EMA 34 High or below the EMA 34 Low. The initial SL is on the opposite EMA line. So far this is looking good - but of course I need to test for a more extended period to compare with just using the EMA 34 Open as in the original strategy.
  • #15
  • Sep 24, 2018 3:57pm Sep 24, 2018 3:57pm
Quoting philrussell9
{quote} Russ Horn churns out so may strategies that, of course, most of them are useless. This one might just have the makings of something useful, but it does need to be improved - it does not work well the way he has suggested.....
yep agree.... when you search you find 2 upsells after profigenics...

profigenics pro &
forexmastermethodevolution

which well could be totally different methods/systems

in the past he already had a forexmastermethod.

if this would be great, why on earth would someone buy an upsell??
i think for now i agree with reteid2222, although when i find some time
(i know: when god created time he made plenty of it) i will do some testing.
  • #16
  • Sep 25, 2018 1:02am Sep 25, 2018 1:02am
Quoting ziggetty
{quote} yep agree.... when you search you find 2 upsells after profigenics... profigenics pro & forexmastermethodevolution which well could be totally different methods/systems in the past he already had a forexmastermethod. if this would be great, why on earth would someone buy an upsell?? i think for now i agree with reteid2222, although when i find some time (i know: when god created time he made plenty of it) i will do some testing.
From what I gathered, the Pro version is an EA, the normal one was just an indicator or just a template for manual trading.
  • #17
  • Sep 25, 2018 9:13am Sep 25, 2018 9:13am
Quoting philrussell9
{quote} I agree with you that the entries are good and the exits are rubbish. Russ Horn churns out so may strategies that, of course, most of them are useless. This one might just have the makings of something useful, but it does need to be improved - it does not work well the way he has suggested. I am not interested in the conservative option, only the aggressive, and i have already coded an EA for it, but I have not posted it yet because, as you say, the exits and the initial SL are not good. I also do not think that the higher TF helps. I have...
Just do it as I described and you will get your good results...I promise cause I calculated...try H4 and filter with D1...
Attached Image
Vucking good EA coder... https://t.ly/AZjRM
  • #18
  • Oct 5, 2018 2:49am Oct 5, 2018 2:49am
Quoting philrussell9
Here is my indicator for the Bias and Channel lines on a higher TF. {image} {file}
Hi philRussell9,
How is the strategy working out for you? I've just joined forexfactory and is browsing around for strategies that seems interesting.
I took the liberty to add current price line in the higher timeframeMA indicator, hope you don't mind.
Attached Image
Attached File(s)
File Type: mq4 S2S_HigherTF_MA_V2.mq4   21 KB | 377 downloads
  • #19
  • Oct 7, 2018 5:17am Oct 7, 2018 5:17am
I would say this strategy is good enough for a beginner to start, then to optimize you have the upsell of the course.
Regarding the tests I would consider the distance to the purple line EMA34 as a factor to be used as filter to trigger the entries and also the edits. Will do some tests and come back if results are reasonable good.
  • #20
  • Oct 7, 2018 4:17pm Oct 7, 2018 4:17pm
Quoting reteid2222
So "moving" the trail to channel low - channel size takes possible entries which I tested to the maximum of success...like in the screen! So I am no longer interested in the original strat cause the entries r xcellent but the exits have to be improved... Which U luck phil, a nice week + green pips! {image} {image}
nice image (all those topups) and i tried to understand your rules for adding.

but or i am 2 dumb 2 understand or just not awake

please wake me up !!
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