PhiBase PRO Real Discussion

Please note that our reference accounts are being shifted to a dedicated VPS on 5th March 2012. Since this will lead to restarting the EA, a few trades during the week may differ from already running accounts. The MyFxbook publication link may be lost for sometime during this process and updating will continue as soon as the publication link is established.

PhiBase Technologies is happy to present its first monthly technical report. These reports will aim to provide inside view about the strategy and enable users to understand the EA better. Trading success is directly proportional to the confidence we have on the system being used. We believe that knowing and understanding the system better will enable users to have more confidence in the EA.

The complete technical report can be accessed using the following link:
https://pro.phibase.com/Report/Tech_Report_2012_March_10.html

A brief technical analysis of EURUSD and the trade setup from the PhiBase PRO view point over the past two weeks is covered in detail in this report.

We have also conducted 5 year tick data backtest to demonstrate how the EA performs during major news releases. The report also presents some very useful information about Friday trading.

I'm amazed by your results... I mean... I purchased PhiBase but after backtesting GBPUSD and USDCHF, I decided to run it only on EURUSD... I do believe PhiBase is a (very) good EA, but, let's put it simply, backtest on GBPUSD and USDCHF are bad... Don't you think that your good results on those 2 pairs, which have drastically improved the overall profitability, are just luck and that it may quickly turn the other way ?

Thank you for your appreciation and comments.

Our real account is being operated to provide users with a reference for trades. Since the account size is small, the minimum allowed lot size of 0.01 is being used - instead of the calculated lot size of about 0.005. Due to the string of successful trades the gain percentage is higher on this account. On a $600 account the same allocation would trade with lotsize of about 0.01. The reference account may only be used to verify the pips gain.

GU and UC are being used as supporting pairs only - not for stand alone trading. EURUSD is the recommended pair - the band EURUSD uses provides a reference frame. The other two pairs being well correlated to EURUSD are being operated with a shifted band setting - this will alter the entry logic for these two pairs. If a pattern is not forming on EU, it may form on GBPUSD or USDCHF due to the altered band setting.

The band parameters need to be revised based on EURUSD's long term price action - our team will provide parameter updates based on our technical analysis of the EURUSD from the PhiBase view point.

the USDCHF paramneter was changed from 50/100 to 0/0 two weeks back. EURUSD got into sideways movement due to which the price range has dropped lower. This will reduce the number of trades seen due to reduced trade entries/lesser number of tradable patterns. The band for GBPUSD was already adjusted in February (100/350). The modification of USDCHF's band to 0/0 will add an hedging effect using USDCHF trades.

It is optional for members to run the additional pairs. We recommend running only EURUSD. Our aim of using the additional pairs would be to make accounts outperform the standard account running EURUSD pair only.

We are working towards making GBPUSD and USDCHF as standalone pairs. The next version (3 or 4) is likely to have this implemented.

An Analogy that can be used to explain why GBPUSD and USDCHF cannot be run as stand alone pairs is given below:

PhiBase can be seen as a speech recognition software - The software has been developed for translating English (EURUSD) sound (Price Action) to digital text (Trades). When the same software is used for converting French/German speech, the conversion is not successful. But when the same core engine is trained for these languages, the conversion becomes successful.

 

In continuation to the above post:

The account breakup symbol wise reads as

EURUSD : 634.1 Pips (gain 20.04%) 15 trades > 10 winners. Average win 79 pips : average Loss 32

GBPUSD : 293.7 Pips (gain 8.49%) 25 trades > 19 winners. Average win 37 pips : average Loss 70

USDCHF: 72.2 Pips (gain 2.23%) 9 trades > 7 winners. Average win 28 pips : average Loss 63

The above are in line with our expectation. Trading the other two pairs have contributed to the over all gain.

EURUSD being the main pair has obviously performed better and is the main contributor to the accounts gain (2/3rds)

It can be seen that trading the other two pairs has not distorted the account with any drastically high gains.

weird some of my trades are different to yours. sometime at the opposite direction =/ using v2.0

PhiBase Real Account Update History:

25th Feb : V1.23 started on account

1st April : EA upgraded to V2.0

16th April : Updated to V2.2 (final release version)

V2.2 was delivered to all members on 15th April. V2.2 is recommended because the following problems in V2.0/2.1 were corrected:

1) Back test problems faced in v2.0 were corrected
2) EA message displays hidden SL correctly in v2.2
3) Trailing SL improved to lock in gains better at higher levels
4) The EA's trade management has been modified slightly in v2.2 when compared to v2.0 - shows overall improvement in long term gains
5) v2.0 may allow the EA to hedge under certain price action conditions. This feature was removed in v2.2 since it needed further testing.

You can safely switch over to the latest version.

Our new website is ready and presents the backtests conducted with various options to help you understand the system better.

HI phibase,

I bought the ea on 22th 04 2012, today i have email u and ask you complete the order.

Please help me to check .

Thank you~!

Dont buy the EA.

Two months passed, i have never received the refund payment.

Cheater !

did you follow their refund policy

We have a conditional 30 Day Refund Policy - If you are not satisfied with the trading results of at least two consecutive weeks (submission of trade history is mandatory for claiming refund).

lol, just look at the pathetic results..nothing more than another round of marketing hogwash...

It is one of the 'asymetric' systems, one direction is better than the other. Here the sell side is better than the buy side. So if you want to run this EA, I would only allow it to go short. I think it is statistically relevant.

wouldn't that imply the markets were in a down trend which resulted in hitting the TP of sell orders while Buy signals hit their SL?