PhiBase Pro

[intrader]

I restarted v3.2 on Monday on 2 ECN accounts , Pepperstone Razor and IC Markets .

Pepperstone account traded 5 shorts (stopped out) and has one open long. Total loss nearly 4K. It zagged everytime it should have zigged.

IC Markets took the first short trade and closed out at BE 3 hours later. No further trades.

So with one broker it tries to trade like King Kong and the other like Bambi.

How is one supposed to evaluate that performance? I appreciate F. Monera's splendid work but to me it is meaningless when broker results can be so different.

There seems to be differing results across the board. The fact that both my brokers were ECN should have given me identical results.

Any explanation??

Cheers

Red

[e1vis]

I restarted v3.2 on Monday on 2 ECN accounts , Pepperstone Razor and IC Markets .

Pepperstone account traded 5 shorts (stopped out) and has one open long. Total loss nearly 4K. It zagged everytime it should have zigged.

IC Markets took the first short trade and closed out at BE 3 hours later. No further trades.

So with one broker it tries to trade like King Kong and the other like Bambi.

How is one supposed to evaluate that performance? I appreciate F. Monera's splendid work but to me it is meaningless when broker results can be so different.

There seems to be differing results across the board. The fact that both my brokers were ECN should have given me identical results.

Any explanation??

Cheers

Red

First, "ECN" is a broker network "model" that deals with how trades are routed by a broker - not all ECNs are the same, as each broker will have its own network of liquidity providers, spreads etc. So it's certainly not the case that EAs perform identically on all ECN brokers. They can be wildly different.

Secondly, I was trading Phibase on one of my ICM accounts, starting on Monday too. I got 5 EUR shorts and 2 USD longs, all of which closed out at large losses. Currently I have 1 open EUR long and 1 open USD short. So, basically, using the same broker as you I got completely different trades.

[ronnierott]

Have just loaded V3.2 onto GKFX Spread Trading account.

The account size is 25000 GBP.

Settings are:-

MAX POSITIONS = 4
MAX ALLOCATION PER TRADE = 8

It's saying that the lotsize is 19.50 GBP

Surely this cannot be right.


Any ideas??

[intrader]

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I restarted v3.2 on Monday on 2 ECN accounts , Pepperstone Razor and IC Markets .

Pepperstone account traded 5 shorts (stopped out) and has one open long. Total loss nearly 4K. It zagged everytime it should have zigged.

IC Markets took the first short trade and closed out at BE 3 hours later. No further trades.

So with one broker it tries to trade like King Kong and the other like Bambi.

How is one supposed to evaluate that performance? I appreciate F. Monera's splendid work but to me it is meaningless when broker results can be so different.

There seems to be differing results across the board. The fact that both my brokers were ECN should have given me identical results.

Any explanation??

Cheers

Red

First, "ECN" is a broker network "model" that deals with how trades are routed by a broker - not all ECNs are the same, as each broker will have its own network of liquidity providers, spreads etc. So it's certainly not the case that EAs perform identically on all ECN brokers. They can be wildly different.

Secondly, I was trading Phibase on one of my ICM accounts, starting on Monday too. I got 5 EUR shorts and 2 USD longs, all of which closed out at large losses. Currently I have 1 open EUR long and 1 open USD short. So, basically, using the same broker as you I got completely different trades.

Hi Elvis
Thanks for your reply which did nothing to boost my confidence in this EA.

MDP is the only other EA I have seen with such variable results with both different and same brokers. It was a lottery which I was lucky enough to end on the right side of but it was luck for which I can take no credit.

In the case of Phi BP I had some luck in that I missed the trades  with ICM but that is not a way to do the business. Will cease trading this with ICM which will halve my risk and see what happens.

Cheers

Red

[mikepipmaker]

Have just loaded V3.2 onto GKFX Spread Trading account.

The account size is 25000 GBP.

Settings are:-

MAX POSITIONS = 4
MAX ALLOCATION PER TRADE = 8

It's saying that the lotsize is 19.50 GBP

Surely this cannot be right.


Any ideas??

  19.50  definitely cannot be right!

That would move equity by $200 a pips  - a single SL hit wold shave off almost the entire account - which is almost the same size as mine.

The lot size should show up as 0.3 to maybe 0.4 when you have allocation let to 8.... so obviously the spread betting account will need a different allocation setting.

Would suggest to ask the vendor.... beyond me 

[mikepipmaker]

I restarted v3.2 on Monday on 2 ECN accounts , Pepperstone Razor and IC Markets .

Pepperstone account traded 5 shorts (stopped out) and has one open long. Total loss nearly 4K. It zagged everytime it should have zigged.

IC Markets took the first short trade and closed out at BE 3 hours later. No further trades.

So with one broker it tries to trade like King Kong and the other like Bambi.

How is one supposed to evaluate that performance? I appreciate F. Monera's splendid work but to me it is meaningless when broker results can be so different.

There seems to be differing results across the board. The fact that both my brokers were ECN should have given me identical results.

Any explanation??

Cheers

Red

First, "ECN" is a broker network "model" that deals with how trades are routed by a broker - not all ECNs are the same, as each broker will have its own network of liquidity providers, spreads etc. So it's certainly not the case that EAs perform identically on all ECN brokers. They can be wildly different.

Secondly, I was trading Phibase on one of my ICM accounts, starting on Monday too. I got 5 EUR shorts and 2 USD longs, all of which closed out at large losses. Currently I have 1 open EUR long and 1 open USD short. So, basically, using the same broker as you I got completely different trades.

Hi Elvis
Thanks for your reply which did nothing to boost my confidence in this EA.

MDP is the only other EA I have seen with such variable results with both different and same brokers. It was a lottery which I was lucky enough to end on the right side of but it was luck for which I can take no credit.

In the case of Phi BP I had some luck in that I missed the trades  with ICM but that is not a way to do the business. Will cease trading this with ICM which will halve my risk and see what happens.

Cheers

Red

phibase accounts tend to vary on restart  depending on when you begin to run the EA. The vendor has already mentioned that this is to be expected since the ea reads into a pattern formation at the time of starting - as time goes - in about 3-4 days - the ea's on all accounts tend to match up with the way it sees the price patterns. My advice is never to restart the EA as far as possible. 

we had severe trade differences only in the v1.23 of this ea. After v2.2 I must say the broker related differences were minimal.... MDP is a no compare... it is a scalper working with a 3 pips range. 

Just let the EA run along - use a suitable risk which will not hurt you too much and I am sure you will find that the trades start matching up with us - good or bad. 

[Tradenow]

I loaded synergy v3.2 and had NO TRADE this week on EURUSD. I dont use usdchf.
I thought no one had a fresh trade on eurusd or did i miss something?

I started to run Synergy on Monday 23rd and for me it has been trading only USFCHF even I have enabled it on both pairs. I've also been wondering why it hasn't traded on EURUSD, but concidering last weeks trades it made, I have been happy that it traded on pair with half of the lot size. 

Hi,

thanks for the info. I restarted sunday evening on pepper razor and so far it seems to be that we have some differences also on the same ecn broker. Maybe its the exact starting time or the lack of data.
I followed the manual and loaded all h1 d w data of the last months by scrolling in the chart.

So we will see when synergy make his first trade on my account.

good luck and and best regards
Mark

[he3117]

Interesting.Now I have 3 reasons to not restart my vps:

1-Phibase may detect  wrong pattern.

2-BBEA may caught in the wrong side of the trend.

3-FGB loss control bug.

 

[Tradenow]

I restarted v3.2 on Monday on 2 ECN accounts , Pepperstone Razor and IC Markets .

Pepperstone account traded 5 shorts (stopped out) and has one open long. Total loss nearly 4K. It zagged everytime it should have zigged.

Thats not good. 
Glad that on my pepper razor i hadnt any trade.
Started some hours before and thats maybe the reason why the ea decided not to trade.

best regards
Mark

[Tradenow]

Interesting.Now I have 3 reasons to not restart my vps:

1-Phibase may detect  wrong pattern.

2-BBEA may caught in the wrong side of the trend.

3-FGB loss control bug.

 

 

better stop trading and shutdown vps

[Ru]

Have just loaded V3.2 onto GKFX Spread Trading account.

The account size is 25000 GBP.

Settings are:-

MAX POSITIONS = 4
MAX ALLOCATION PER TRADE = 8

It's saying that the lotsize is 19.50 GBP

Surely this cannot be right.


Any ideas??

I had similar issue with Instaforex Standard account back in v2.2.  I had mentioned it to support and hoped it to be fixed in this version. I agree it is a nusaince to manually figure out correct lot size but EA will function fine.
 
 I reduced my lot size as per my own risk of 1 to 2% per 4 trades which you will find at http://phibase.com/Manual/PhiBase_Synergy_V3_Manual.html.  As a rule consider recommended as 80cent/pip move for each trade for $10,000 equity which equates to 3-4.5% risk per 4 trades of complete loss.

[Ru]

Interesting.Now I have 3 reasons to not restart my vps:

1-Phibase may detect  wrong pattern.

2-BBEA may caught in the wrong side of the trend.

3-FGB loss control bug.

 

 

better stop trading and shutdown vps

I don't know why your VPS are going down every so often. The whole point of VPS is to have a stable and continuous environment for trading. This EA will eventually settle down after 1 set of trades as per my experience in v3.

[mikepipmaker]

Interesting.Now I have 3 reasons to not restart my vps:

1-Phibase may detect  wrong pattern.

2-BBEA may caught in the wrong side of the trend.

3-FGB loss control bug.

 

 

better stop trading and shutdown vps

I don't know why your VPS are going down every so often. The whole point of VPS is to have a stable and continuous environment for trading. This EA will eventually settle down after 1 set of trades as per my experience in v3.

Fully agree with RU. The point of using VPS is let EA's run without break - we want to have the same environment like what we have on backtests - after all that is one of the most important consideration based on which we run a  EA 

Just try running a weekly backtest, monthly backtest and a yearly backtest   - there is no way results will be similar to each other. 

If you have FGB - restart is one thing that you should avoid. For Phibase, it would depend on the price action - infact I had a few lucky pips when I had several restarts in a week on one of my accounts. Last week it was probably caught on the wrong foot - looked like a nice channel even to me - It must have thought of making a few pips on the move down - only it broke out and never reversed even decently. 

I have restarted phibase about 6-7 times but all of them were only for applying the updates  - never used the phibase installer since it required closing all MT4s... so just ask the to send me files and I copy them to correct directories. Its easy to run your VPS non stop... I have a simple plan with 1 gb ram, win server 2003 - run about 6 MT4's of different brokerages - one of each EA. Never had to restart VPS for almost a year now. 

[guernica]

Thanks for that information mikepipmaker.
I was not well advised to that issue related with restart of mt4 platform.

[Ru]

Synergy 3.2 is the first PHIBase version that I will trade live. The EA has gained a spot on the very reduced list of commercial EAs that I can trade live.

fmonera - thanks for your excellent review. Your Robin VOL is going to be the 2nd commercial EA that I am considering to trade live. Good job. I am going to wait for a bit longer until you incorporate Walk Forward.