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PhiBase PRO Demo Account Stopped test

by PhiBase.com • Visit site
-0.80% WEEKLY · 45.6 weeks
Average Pips per Week:
-6 (Gross Pips: -264)
Average P/L per Week:
-0.80% (Gross P/L: -30.76%)
Maximum Equity used:
12.47% (May 6, 2012, 5:23:00 PM)
Test started:
Feb 15, 2012
Test Stopped:
Dec 31, 2012 (Tested 45.6 weeks)
Metatrader Expert Advisor

We appreciate Phibase.com sharing their EA performance on a demo account with ForexPeaceArmy.com traders community!

2012-12-31 The FPA time limit of this Demo Test has expired.

02.15.12 PhiBase PRO installed on EURUSD, GBPUSD and USDCHF H1 charts with recommended settings...

Very interesting descriptions from EA website: Long term professional traders make a lot of money. Aggressive day traders make money for a living. One thing common between the long term players and day traders is that they trade with strategies that use Fibonacci system in some form or the other. To Survive in Forex, you need a professional system that can not only just follow trends, but also be predictive in nature to enable identification of patterns as and when they form. Patterns like Head & Shoulder, Double and Triple Top/Bottom, Wedges, Flags, etc. are great patterns which present excellent  trading opportunities.

 Several manual Pattern recognition algorithms have been developed over the years, the most successful being the AutoChartist - this enables manual traders to pick out patterns as and when they form. User discretion and further technical analysis is used to validate these trade setups. Like all technical analysis - the aim here is to put the odds in your favor. 100% accurate entry is still a dream - the search for the holy grail continues! But for traders whose intention is to make money, the Fibonacci levels and price action patterns at these levels are GOLDEN OPPURTUNITIES to trade.

PhiBase PRO EA has been developed based on a few select price action patterns that are formed at important Fibonacci levels. Pattern recognition technology used in speech recognition has been used to make predictive recognition a reality. So, what is common between speech recognition and Forex price action pattern recognition? Speech is very much like Forex. For example, the digitized version of the phrase "Pattern Recognition" can have hundreds of different output. People don't always speak at the same speed. Human language has numerous exceptions to its own rules, even when it's spoken consistently. Accents, dialects and mannerisms can vastly change the way certain words or phrases are spoken.

PhiBase PRO has adapted the same technology for use in Forex trading - The system just trades 6 price patterns. The EA has built in price action models that enable the EA to recognize about 36 possible pattern combinations on 1 hour and 4 hour time frames. The EA creates a price action model by normalizing the price action, adjusts it to a constant level eliminating the differences cause by different price action ranges. The price model is also time adjusted to remove the differences introduced by slow and fast moving markets.