PhiBase Pro

[Ru]

Probably it is more safe to keep money in the bank than use PhiBase

?? That applies to all EAs and investment products    (given that the Bank has a guarantee for client deposits)

Not if you hold deposits in Greece, Ireland or Spain banks... LOL.
 
My busy month end of my regular job is over and am now relaxed.

[Ru]

In backtest max DD is 2000 pips but after 4 month of trading my account is down about 2307.1pips 
I dont know what to say.

Mikepipmaker has already mentioned what you can do. Sorry to see you take this EA off.
 
I do agree that you are having some serious issue as many of us have been profitable in the last 4 months running Phibase. I have rebooted my VPS several times and restarted MT4 even more times for other reasons. But did not find any problem with Phibase Pro and now with Synergy. There is certainly some other issue that support may be able to guide you with.

[Ru]

At the moment, the completely ridiculous way this thing is trading would be quite funny, if it wasn't costing me money 

Since I started running synergy:

4 EUR Sells and 2 USD Buys closed out for -1,000 pips after EURO rockets.

EA instantly enters opposite trades: 4 EUR buys and 2 USD Sells. Euro immediately starts to fall rapidly and these trades are then closed for about -220 pips.

EA then immediately enters new trades in the opposite direction again. So currently I have 1 EUR sell and 1 USD buy. Sure enough, almost as soon as those trades were entered the EUR started heading up. 

My experience so far is that it seems to pick a direction, wait until the price has stopped moving in the opposite direction and then, just as the price is turning in its favour, it enters reverse trades - which go on to DD. The cycle then starts again.

Not at all impressed right now by the reversal strategy...

This happened with me as well in Phibase Pro v3. Then the next couple of trades it made me much more than I lost. This is how it trades when volatity is extreme.

[e1vis]

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At the moment, the completely ridiculous way this thing is trading would be quite funny, if it wasn't costing me money 

Since I started running synergy:

4 EUR Sells and 2 USD Buys closed out for -1,000 pips after EURO rockets.

EA instantly enters opposite trades: 4 EUR buys and 2 USD Sells. Euro immediately starts to fall rapidly and these trades are then closed for about -220 pips.

EA then immediately enters new trades in the opposite direction again. So currently I have 1 EUR sell and 1 USD buy. Sure enough, almost as soon as those trades were entered the EUR started heading up. 

My experience so far is that it seems to pick a direction, wait until the price has stopped moving in the opposite direction and then, just as the price is turning in its favour, it enters reverse trades - which go on to DD. The cycle then starts again.

Not at all impressed right now by the reversal strategy...

This happened with me as well in Phibase Pro v3. Then the next couple of trades it made me much more than I lost. This is how it trades when volatity is extreme.

That's good to know - hopefully something similar happens again. I must admit I am slightly nervous about being short EUR with tomorrow's Fed decision looming...

[mikepipmaker]

That's good to know - hopefully something similar happens again. I must admit I am slightly nervous about being short EUR with tomorrow's Fed decision looming...

Seeing this as H&S : The right shoulder formed perfectly at 1.2330 (left shoulder also at exact same level) - Manually, The H&S entry is complete on break below the sloping neckline at 1.2200.

Made a quick reference check with megan of phibase on this trade setup- part fo the email is below:

Phibase trades patterns as they form - the advantage is that nor all patterns form perfectly all the time. In fact, in most cases of a H&S pattern, the right shoulder may never reach the exact level of the left shoulder. The short entry at 1.2250 level for the first position is a valid entry based on the EA's predictive logic.

Resistance from the EA's point of view would now be at 1.2330 (left shoulder level) - above that the head 1.2390 should provide a stronger ceiling. We then have a strong down trendline at 1.2420 factored in now. The EA will add to the short positions on reversals at these levels.

The above was more or less what I was expecting based on past experience and trading style of this ea. 

EA's do not know that fed news is coming up - but that is the beauty of it - manual trading so difficult for us due to our extra vision. I cannot decide on going short or going long because a news is looming - when the news is out it is so volatile that I do not have the guts to trade it. by the time thing settle down, the pattern that I was tracking for 3-4 days becomes a thing of the past and I am left with "why did I not do that or this"   

Like fmonera says... only statistics can say if the ea is profitable or not... each trade setup takes 3-4 days to form and trades run for 2-6 days. deciding on the profitability based on live trades will be a toug job based on the very few sample of trades generated even with 6 months or 1 year of trading.

So this trade setup may or may not work in the ea's (our) favor.. but that does not make it a invalid trade. Because statistically it will work out... it may fail even the next 4 times.... but the other 6 may turn out to be the winners.     the trouble is no one knows the order in which wins loss will occur... if some one knew... we would have had the  holy grail 

Good luck all... Hope to wake up to some nice looking green pips.

[jarora]

Live test v3.2

http://www.mt4i.com/users/phibase-synergy

[guernica]

What broker ?

Live test v3.2
http://www.mt4i.com/users/phibase-synergy

[guernica]

Now all trades (eu and uc) are in green.
Lets cross fingers to lock profits.

[guernica]

This is the beauty of trading patterns.

[e1vis]

Has anyone heard from the vendor re the report that they said would be delivered by the end of today?

I had no expectations that they would break with tradition and actually release something on time, but I thought I'd check just in case something had happened to my copy... 

[mikepipmaker]

Has anyone heard from the vendor re the report that they said would be delivered by the end of today?

I had no expectations that they would break with tradition and actually release something on time, but I thought I'd check just in case something had happened to my copy... 

   no technical report as yet..... But I already have 3 emails queries on the restart answered by them since last week   

[mikepipmaker]

This is the beauty of trading patterns.

very true and it is beautiful to watch them form.

phibase looks good for trading... this h&s was a tough one... the right side formation was too extended and the drop after the Fed decision has now completed and confirmed the H&S (break of neckline - left shoulder low)... but we still have to see move below the sloping neckline @ 1.2200 to get things on the high lanes. 

I would have expected phibase to add a few shorts during the course of the right shoulder, but it would have only added to the risk .... the pattern was very close to fizzling out due to the indecisiveness of the pair... maybe we wil get to see some addon positions now that the pattern is nearly confirmed. 

[phibase]

Has anyone heard from the vendor re the report that they said would be delivered by the end of today?

I had no expectations that they would break with tradition and actually release something on time, but I thought I'd check just in case something had happened to my copy... 

The NFP related monthly report is generated if there are any EURUSD  trade open or if the possibility of new trade exists during the news event.  These reports are emailed on Friday prior to the news event.

The report on EA start-up may be added to the NFP related report as a separate sub section.

[mikepipmaker]

All trades seem to have closed out 

EU just booked +4 pips
2 UC trades closed with a total of +52 pips

Maybe the H&S is no longer a valid pattern --- it got too stretched and also did not follow through after the break below neckline     was hoping for a big move...

ok, anyway... good to see green pips... anytime. 

FGB is still holding 4 shorts... lets see what I get to see when I wake up in a few hours again.... 

[guernica]

My two uc still opened.