The strategy is currently sending EURUSD, GBPUSD and Gold trades. AUDUSD and EURJPY trades from iProfit are paused as they have been flat lining so far- the updated version is expected to improve performance on these two pairs as well. Trading these pairs will be resumed automatically when the performance metrics is above average. iProfit has been performing consistently well for over 65 months in live trading without any changes to the strategy/parameters or any kind of optimization. The Neural Network model just trains itself over past 3 days of data and predicts High/Low of next bar. Trades are entered which over all error in prediction of past few bars is low. This strategy provides High Frequency, shorter duration trades aiming for smaller targets of about 30 pips. Gold had a minor 500 pip drawdown earlier in 2018, but this is just a normal drawdown. iProfit update will be ready by mid-January and will improve the risk/reward of the trade management module which is expected to increase the overall profitability.
The strategy is currently sending EURUSD, GBPUSD and Gold trades. AUDUSD and EURJPY trades from iProfit are paused as they have been flat lining so far- the updated version is expected to improve performance on these two pairs as well. Trading these pairs will be resumed automatically when the performance metrics is above average.
iProfit has been performing consistently well for over 65 months in live trading without any changes to the strategy/parameters or any kind of optimization. The Neural Network model just trains itself over past 3 days of data and predicts High/Low of next bar. Trades are entered which over all error in prediction of past few bars is low. This strategy provides High Frequency, shorter duration trades aiming for smaller targets of about 30 pips.
Gold had a minor 500 pip drawdown earlier in 2018, but this is just a normal drawdown. iProfit update will be ready by mid-January and will improve the risk/reward of the trade management module which is expected to increase the overall profitability.
Click here access the full iProfit 2018 performance report.
CabEX trades have currently been paused as per our trading advisory issued in December, 2018. ForexSignalPort Cloner EA will automatically receive trades when the performance metrics is above average. Click here to read more about CabEX trading, Technical considerations behind recommendation to pause CabEX and Brexit price action.
CabEX trades have currently been paused as per our trading advisory issued in December, 2018. ForexSignalPort Cloner EA will automatically receive trades when the performance metrics is above average.
Click here to read more about CabEX trading, Technical considerations behind recommendation to pause CabEX and Brexit price action.
The manual technical trade setups are based on following: Phibase collects internal data from INDEX and our Elliott Wave analysis of price action of various pairs. The logic implementations in EAs can never take full advantage of all signals and may not always be able to enter trades since some parameters may miss the cut-off values by small margins. We collate these trading signals for possible high probability trading setups. The trade setups are plotted for reference with SIVE trading recommendations - Trade setups are taken for considerations when the two are in agreement and risk/reward is better than 1:3 (SL 50 pips for Gain target 150 pips). The strategy will have a win rate of about 60% Autochartist is used to identify entry levels and set targets for SL/TP. Phibase team has analysed past trade setups and derived the rules/automated procedures that need to be followed for arriving at the trading signal. The signal itself will be placed by using our technical trade entry script. Our aim is to eliminate any arbitrary or trading outside of strategy rules. The Technical Trading Ideas Page on the ForexSignalPort site will document the trade setup in complete detail - this will provide transparency and enable traders to understand the logic/strategy behind these manual trades
The manual technical trade setups are based on following:
Phibase team has analysed past trade setups and derived the rules/automated procedures that need to be followed for arriving at the trading signal. The signal itself will be placed by using our technical trade entry script. Our aim is to eliminate any arbitrary or trading outside of strategy rules. The Technical Trading Ideas Page on the ForexSignalPort site will document the trade setup in complete detail - this will provide transparency and enable traders to understand the logic/strategy behind these manual trades
Performance assurance enables the trader to judge the strategy better. While the "Holy Grail" performance may not be seen in real life, we assure gains of Minimum +2400 Pip per year. Renewal fee for the subscription is required to be paid only if this minimum performance level is achieved on the reference account. Performance history of the official reference account during your subscription period is used for accessing the portfolio's performance.
The risk per trade parameter as per your risk appetite, gain expectations and Max DD you will be able to handle comfortably.
The average portfolio gains seen in live trading so far has been +210 pips per month. With addition of INDEX strategy, the potential annual gains is expected to average about +400 pips per month. The above gain potential is based on gains of about +200 pips month compounded over the one year period (to provide similar effect Geometric lot sizing). Please note that the advice is based on risk/drawdown level at actual max and is basing gain potential on a minimum expected performance level. If the average gain potential of +400 pips per month was used the annual gain potential ranges would more than double – with no increase in the drawdown levels.
Lower end of estimated range would be seen if a deep drawdown was seen during the year which could reduce effect of compounding.
Our development team has committed to set the right expectations in the mind of the trader and then do everything possible to beat our estimated gains on a year on year basis.
Phibase Standalone EAs contain the trading strategy in the encrypted DLL. They can be backtested and trade without need for trading trigger from outside the EA/MT4. ForexSignalPort EA is a receiver EA. It is built on the well tested Phibase MT4 platform which was used for INDEX EA. The Cloner EA has the same geometric trade size management and reliable order execution modules as Phibase standalone EAs. It does not contain any trading strategy and cannot be backtested. The cloner EA continuously listens to the Phibase server once a connection is made. Whenever a trade is triggered on the master MT4, the portfolio management module instantly pushes the trade details to the client MT4. The cloner EA executes the trade as per the risk level set by the trader.
Phibase Standalone EAs contain the trading strategy in the encrypted DLL. They can be backtested and trade without need for trading trigger from outside the EA/MT4. ForexSignalPort EA is a receiver EA. It is built on the well tested Phibase MT4 platform which was used for INDEX EA. The Cloner EA has the same geometric trade size management and reliable order execution modules as Phibase standalone EAs. It does not contain any trading strategy and cannot be backtested.
The cloner EA continuously listens to the Phibase server once a connection is made. Whenever a trade is triggered on the master MT4, the portfolio management module instantly pushes the trade details to the client MT4. The cloner EA executes the trade as per the risk level set by the trader.
ForexSignalPort Cloner EA will automatically take over trades made by INDEX, RayBOT, iProfit and CabEX based on the magic numbers.
With trade cloning all trades (from all EAs) are treated with equal risk (for example, lot size is calculated so that each pip from any EA or SYM will move equity by the same amount - equalized risk). This is seen to be an advantageous in long run and will remove ambiguity in the portfolio. The new risk/controlled portfolio can be traded with lower risk level and will have a higher gain potential with similar or an slightly lower drawdown depth/duration. The Cloner EA takes the base currency into account when calculating trade size . For example, the EA can adjust lot size to maintain same level of risk on a US$10,000 account and a YEN 10,000 account
With trade cloning all trades (from all EAs) are treated with equal risk (for example, lot size is calculated so that each pip from any EA or SYM will move equity by the same amount - equalized risk). This is seen to be an advantageous in long run and will remove ambiguity in the portfolio.
The new risk/controlled portfolio can be traded with lower risk level and will have a higher gain potential with similar or an slightly lower drawdown depth/duration.
The Cloner EA takes the base currency into account when calculating trade size . For example, the EA can adjust lot size to maintain same level of risk on a US$10,000 account and a YEN 10,000 account
US traders will need to distribute the trades across two account in order to work around the FIFO and no hedging rule. We recommend the following settings so that you can run maximum possible pairs on each account. We can create and send you the SET files if you have two US broker accounts. First Set file Allows all INDEX trades [except EURUSD] Allows all RayBOT trades Disables GOLD Disables CabEX and iProfit. Second Set file Allows CabEX trades (Currently suspended) Allows all iProfit [except GBPUSD] (GBPUSD from iProfit allowed when CabEX is not trading) Disables GOLD Disables all RayBOT and INDEX trades. Using this approach on US regulated brokers will enable members to closely replicate the Phibase portfolio results. The US accounts will however miss trades of EURUSD from INDEX, GBPUSD from iProfit and GOLD trades. RayBOT gains much more from trading EURUSD than INDEX on EURUSD. The US account will anyway miss gains from GOLD. If you have two accounts, we will provide you with the SET files to distribute trades among them. If you have only one account, We will send the set file to disable trades/EAs which will enable trading as per US regulation.
US traders will need to distribute the trades across two account in order to work around the FIFO and no hedging rule. We recommend the following settings so that you can run maximum possible pairs on each account. We can create and send you the SET files if you have two US broker accounts.
First Set file
Second Set file
Using this approach on US regulated brokers will enable members to closely replicate the Phibase portfolio results. The US accounts will however miss trades of EURUSD from INDEX, GBPUSD from iProfit and GOLD trades. RayBOT gains much more from trading EURUSD than INDEX on EURUSD. The US account will anyway miss gains from GOLD. If you have two accounts, we will provide you with the SET files to distribute trades among them. If you have only one account, We will send the set file to disable trades/EAs which will enable trading as per US regulation.
The Cloner EA can be set up with customized parameters offering full control over the Strategy, Symbols and Strategy+Symbol combination. Trades can be disabled/enabled as per traders requirement.
Our Portfolio/Risk Management is designed to filter trade signals from strategies (EA+Sym combination) with current performance metrics below longer term performance averages. Trade signals are permitted only from strategies (EA+Sym combination) for which current performance metrics is above longer term performance averages. The algorithm tracks trades from all our strategies on a trade by trade basis and derives various parameters like sharpe ratio, risk:reward, win rate, sequences of win/loss, excursion data and drawdown/gain levels. These parameters are analysed with respect our historical long term averages of varying periods (moving average if 1 year to 3 years periods). The algorithm is successful in filtering major deep drawdowns without compromising on missing out the recovery periods. Once the recovery starts and performance improves above average, trading is permitted again.
Our Portfolio/Risk Management is designed to filter trade signals from strategies (EA+Sym combination) with current performance metrics below longer term performance averages. Trade signals are permitted only from strategies (EA+Sym combination) for which current performance metrics is above longer term performance averages.
The algorithm tracks trades from all our strategies on a trade by trade basis and derives various parameters like sharpe ratio, risk:reward, win rate, sequences of win/loss, excursion data and drawdown/gain levels. These parameters are analysed with respect our historical long term averages of varying periods (moving average if 1 year to 3 years periods). The algorithm is successful in filtering major deep drawdowns without compromising on missing out the recovery periods. Once the recovery starts and performance improves above average, trading is permitted again.
For INDEX, we are implementing a quicker algo for closing out a trade in case of intra H1 bar spike against open trade. This will be part of next update planned January 2019. CabEX V4 already has this feature. Strategy and any improvements implemented into the EA are based on long duration tickdata tests - hence are more reliable than manual/visual judgement. Phibase team will not intervene in manually in the EAs trade management. In case, the trader running FSP cloner EA decides to close a trade by manual intervention the following procedure needs to be followed: Never close any of FSP Cloner EA trades manually. In case you need to book profits, close the trade partially leaving atleast the minimum lot size allowed by your broker to be controlled by the Cloner EA. Closing the trade will make the EA place a pending order (not limit order, pending orders will only be executed when price is at or better than the master trade open price). The remaining part of the trade will remain in sync with the master account.
For INDEX, we are implementing a quicker algo for closing out a trade in case of intra H1 bar spike against open trade. This will be part of next update planned January 2019. CabEX V4 already has this feature.
Strategy and any improvements implemented into the EA are based on long duration tickdata tests - hence are more reliable than manual/visual judgement. Phibase team will not intervene in manually in the EAs trade management.
In case, the trader running FSP cloner EA decides to close a trade by manual intervention the following procedure needs to be followed:
No, ForexSignalPort Cloner EA has been custom built to trade only the Phibase portfolio. The cloner EA cannot be used as a trade copier or for receiving other signals.
The Magic numbers of individual EAs will be used. Trade comments can also be used to identify or sort trades. The comments will have the Cloner name + Strategy name appended before the trading detail. Manual trades will be named “TechTrade”. Members will have option of changing “FSP_” to their choice and can switch off EA name being appended if they do not require that.
One of the primary goal of portfolio management will be to alignment of all member accounts with the strategy. Members choose a strategy based on its live performance and ForexSignalPort as a service is designed to ensure member accounts reflect the performance of the reference account. ForexSignalPort also enabled traders to run the full portfolio of EAs with added the advantage of filtering out strategies/pairs which are under performing. Phibase team has set achieveable minimum assured gain levels - Members will have a clear idea about the potential gain and maximum expected drawdown for their chosen risk level. This provides members with a true hands off approach to trading ruling out decisions based on emotion, stress and over optimistic expectations. Bonus trades : Manual technical trades will be able to contribute positively towards reaching the portfolios goals.
One of the primary goal of portfolio management will be to alignment of all member accounts with the strategy. Members choose a strategy based on its live performance and ForexSignalPort as a service is designed to ensure member accounts reflect the performance of the reference account.
ForexSignalPort also enabled traders to run the full portfolio of EAs with added the advantage of filtering out strategies/pairs which are under performing.
Phibase team has set achieveable minimum assured gain levels - Members will have a clear idea about the potential gain and maximum expected drawdown for their chosen risk level. This provides members with a true hands off approach to trading ruling out decisions based on emotion, stress and over optimistic expectations.
Bonus trades : Manual technical trades will be able to contribute positively towards reaching the portfolios goals.
Other Advantages
Trading EAs across brokers can never be identical and I always had to trade on different brokers to average out EA performances. This FSP cloning is a great solution - there is no point in continuously tweaking the EA to reduce differences because it will only hurt the original strategy. Its been cloning for a week now, and trades match 100% on all brokers - For the first time I have Raybot and iprofit also matching up even on my Varianse account :-D
New Zealand
Phibase member since 2016
At least two ingredients are required for long-term trading success: 100% responsibility for the trading results, and multiple trading strategies with an edge! Based on my experience, PhiBase is doing a very good job at delivering the latter ;-). I also appreciate the continued refinement of their products (while being careful to not over-optimize), the detailed technical reports, and, last but not least, the really prompt response to my emails!
United States.
Phibase member since 2012
Installed and it was real easy. I run Phibase EAs on 8 accounts so just had to set up FSP on 8 charts. Earlier it was a pain to setup and check nearly 70 charts in 8 MT4s. My CPU usage has dropped down to less than 20% (earlier almost always between 80% to 100%) and memory used is less than 60 mb per MT4 (earlier ~200 mb). I can indeed save by downscaling my VPS config now
United States
Your EAs worked for me and that you provided trustworthy support to me till now. I was hesitant for taking up this service since I already owned all licenses and had several questions regarding the technical trading and drawdown filter. I found your replies fully reliable and every concern has been cleared. I've already submitted the payment.
Japan
I like the idea of being able to remove Broker feed differences that can lead to under/over performance against your reference account.
United Kingdom
