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Author Topic: Forex Signal Port  (Read 5350 times)

Online donnaforex

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Forex Signal Port
« on: January 08, 2019, 05:03:46 PM »
This is a service from the Phibase, Raybot and Cabex guys.

https://forexsignalport.com/

The sellers are available on the forum to answer questions and comments. Please use this topic to share your experiences of this service.

Follow DonnaForex on Facebook and Twitter.
 
If you need to contact me, email admin@donnaforex.com or Skype 'donnaforex' or PM via the forum.

Online Humble Trader's Fx

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Re: Forex Signal Port
« Reply #1 on: January 08, 2019, 07:51:00 PM »
This is a service from the Phibase, Raybot and Cabex guys.

https://forexsignalport.com/

The sellers are available on the forum to answer questions and comments. Please use this topic to share your experiences of this service.


Welcome to our forum, FSP.

Please post some information about your service including any evidence of success such as real, live, accounts using myfxbook.

Regards,
HumbleTrader
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.


Offline donbon2

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Re: Forex Signal Port
« Reply #2 on: January 08, 2019, 08:41:08 PM »
I appreciate the fact they are offering subscription service - but their fees are too high

someone with a 5k account according to their calculator at 2% risk per trade in 12 months would make 3000 - minus 1200 in fees or 1800

personally I would use 1% which would reduce this by 50%

if you look at the statement the first month it lost like 4%

so the numbers don't stack up at the current price.


I would suggest they offer licences based on account size to allow more users to get involved

0-11k 40 dollars a month
11k to 22k 50 dollars a month

etc

as you have to offer it at a price to make sense - as right now the customer is basically lending you 2000 or 4000 depending on the risk level just to break even ... at those type of prices they may as well just buy a full licence.
Broker - IC Markets   VPS - Amazon EC2 + CNS  

EA:
Powerflow NZDCAD
EA Lab MA Crossover

News - Thomson Reuters Eikon
Trade Manager - Visual Trading Console for MT4
Trading Rebates - through CashBackFX
Trade Notification EA - TradeTalk from FX Blue - free
VPS - I recommend Amazon EC2 - if you qualify for a Broker Sponsored one get CNS
PZ Support/Resistance Indicator / Day Trading Indicator


Online reinerh

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Re: Forex Signal Port
« Reply #3 on: January 08, 2019, 10:37:08 PM »

Online Humble Trader's Fx

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Re: Forex Signal Port
« Reply #4 on: January 08, 2019, 11:00:58 PM »

here humble, not much history yet.


https://www.myfxbook.com/members/pbindex/forexsignalport--smfx-reference-account/2804640

Yes, I had noted this originally but I wanted the vendor to give his "perspective" and try to justify 13 days of trading as justification to trust this expensive service and justify what Donbon2, has pointed out.

Regards,
HumbleTrader
We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.


Online reinerh

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Re: Forex Signal Port
« Reply #5 on: January 08, 2019, 11:24:45 PM »

all vendor accounts i followed in the past did not go well,

maybe they have the bugs worked out by now.


https://www.myfxbook.com/members/raybot/cabexraybot-smfx-account/1512209

Online Humble Trader's Fx

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Re: Forex Signal Port
« Reply #6 on: January 09, 2019, 12:48:49 AM »

all vendor accounts i followed in the past did not go well,

maybe they have the bugs worked out by now.


https://www.myfxbook.com/members/raybot/cabexraybot-smfx-account/1512209

Like all vendors that come to our humble forum, they deserve our benefit of a doubt; let's watch their live account for the next three months and listen to their justifications to our queries.


Regards,
HumbleTrader

We humbly approach the Forex Market and take only what is earned through our hard work and intelligence.


Offline petersurrey

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Re: Forex Signal Port
« Reply #7 on: January 09, 2019, 02:58:52 AM »
Can the vendor confirm the pip value is the same for all trades all strategies otherwise the published results are meaningless?

These guys are great marketers as with the release of their previous bots - of which the most widely used Cabex has been in gradual decline for the last year or so. You can't say that just because a bot produced a few thousand pips in the first 5 years that it will continue to do so, as they seem to confirm by adding index in 2018. The R:R is awful at 1000 pips DD to 200 average per month....you would need to be VERY patient with this one!
« Last Edit: January 09, 2019, 03:04:47 AM by petersurrey »

Offline donbon2

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Re: Forex Signal Port
« Reply #8 on: January 09, 2019, 03:35:48 AM »
yeah the risk/reward is out of whack from multiple perspectives.
Broker - IC Markets   VPS - Amazon EC2 + CNS  

EA:
Powerflow NZDCAD
EA Lab MA Crossover

News - Thomson Reuters Eikon
Trade Manager - Visual Trading Console for MT4
Trading Rebates - through CashBackFX
Trade Notification EA - TradeTalk from FX Blue - free
VPS - I recommend Amazon EC2 - if you qualify for a Broker Sponsored one get CNS
PZ Support/Resistance Indicator / Day Trading Indicator


Offline Ibiz

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Re: Forex Signal Port
« Reply #9 on: January 09, 2019, 07:26:56 AM »
I advise you to stay away from these guys. They are good sellers, but they dont understand what they do in market. I remember when they released Raybot they promised 10 percent per month, but their robot was not working and did other deals for 2 years, they could not fix it, Cabex 2 years already in the red and every time they answer that everything is fine.
They have very good support, they will always tell you that everything is good and that you are losing money is part of the strategy.
Just watch them for 3 months and you will see what I mean

Offline phibase

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Re: Forex Signal Port
« Reply #10 on: January 09, 2019, 07:28:25 AM »
Thank you Donna and HumbleTrader for introducing the topic. We have been on this forum since 2011 and have learned a lot from the discussions here. Senior members like Fmonera and EuroSmarter have been there to share their expertise when we needed it the most.  We look forward to learning and improving our strategies from the discussions here. The following posts attempts to clarify upon the questions/opinions posted by members here.  Since our posts are detailed, we avoid quoting the related posts fully and only refer to the member's screen name.
ForexSignalPort : Leverage the full-potential of the Phibase Portfolio
https://forexsignalport.com

Offline phibase

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Re: Forex Signal Port
« Reply #11 on: January 09, 2019, 07:31:26 AM »
ForexSignalPort is an MT4 EA developed to trade the complete Phibase portfolio using one EA from one Chart. The Phibase portfolio is a set of four strategies : INDEX, RayBOT, iProfit and CabEX.  The development timeline/performance of the EAs is presented below:



ForexSignalPort clones trades from our master accounts - This EA by itself does not contain any trading strategy or cannot be backtested.  We have provided the brief summary of each strategy and links to their live trading accounts. All the EAs are available as independent EAs with reliable interrupted live trading reference accounts provided by ForexGermany.de since 2013. The test accounts are run as using defaults settings at all times and no manual interference has ever been done. We take this opportunity to thank the admin of ForexGermany.de for the professionalism with which the tests are conducted.

ForexSignalPort Reference Account (Started Dec 2018) : https://www.myfxbook.com/members/pbindex/forexsignalport--smfx-reference-account/2804640

This account provides trading reference to members running the FSP cloner EA. Since this is a new service the trading history will build up over time.
The strategies traded however, have live trading history since 2013. Since FSP clones trades from the Phibase Strategies, the following post will be relevant for live trading analysis.
« Last Edit: January 09, 2019, 12:51:44 PM by phibase »
ForexSignalPort : Leverage the full-potential of the Phibase Portfolio
https://forexsignalport.com

Offline phibase

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Re: Forex Signal Port
« Reply #12 on: January 09, 2019, 07:34:50 AM »
The strategies traded by ForexSignalPort are briefly explained here :

INDEX : Trades GBPJPY, EURJPY, USDJPY, EURUSD, GBPUSD, EURGBP and XAUUSD based on currency index system which calculates the relative strength of EURO, GBP, USD, CHF and YEN. The principle of the strategy is to Trade the falling currency against a gaining currency. The EA is designed with a positive Risk:Reward of close to 1 : 1.75 and trading success rate close to 50%.  Average win size is about +120 pips and average loss is about -70 pips.  Details about strategy available at : http://index.phibase.com

Reference account (Started Feb 2018 ) : https://www.myfxbook.com/members/forexgermany/index/2438325

RayBOT : This is based on trading the gaps between support and resistance levels - the EA trades break outs or reversals at these levels. RayBOT is based on the concept that markets can never be beaten and it is only possible to remain profitable by continuous adaptation to the changing price action. RayBOT does not use fixed/inbuilt strategy/parameters to handle various price actions. One of the key reasons for RayBOT being successful has been the auto-optimization feature built into the EA. Phibase team conducts regular optimization of various internal parameters and strategies based on longer term technical charts. These optimized parameters are being uploaded to our server and delivered to the EA automatically. Details about strategy available at : http://raybot.phibase.com

Reference account (Started Jan 2016 ) : https://www.myfxbook.com/members/forexgermany/raybot/1501113

iProfit : iProfit is a Neural Network based strategy which learns from past 52 H1 bars and predicts high/low of next bar. When price reaches low/high of the predicted level, trade is made in direction of trend. The EA has been running on five uncorrelated pairs for nearly 65 months now without any changes in the NN model, strategy or parameters.  Details about strategy available at : http://iprofitea.com

Reference account (Started Aug 2013) : https://www.myfxbook.com/members/forexgermany/iprofit-hft-ea/672452
(Risk was more than doubled for a brief period Jan to April in 2018 – sharp Spike/drop in equity due to this. At all other times the risk was at default 2.4% per trade)

CabEX : CabEX strategy is based on price action near moving averages - The EA identifies potential trends and reversals moves. The strategy is based on golden rules of trading.  CabEX strategy is seen to be very robust, but the weakest part has always been its ability to deal with flag patterns (both long term and short term flags – of certain ranges). CabEX V4.0 eliminates the weakness which was present in the original strategy. The EA now has a longer look back periods of between 3 weeks to 16 weeks. Brexit price action/uncertainty has resulted in an extended drawdown (around its max DD levels now) and members have been advised to suspend trading until performance improves with price action. The detailed trading advisory and analysis will be provided in the Donna Forum CabEX thread.  Details about strategy available at : http://cabex.phibase.com

Reference account (Started Aug 2013) : https://www.myfxbook.com/members/forexgermany/cabex/1134749

We are sure all experienced traders will agree that it takes more than one or two good strategies to beat the markets consistently. The market dynamics are skewed in favour of larger players and retail traders are at a huge disadvantage.   ForexSignalPort MT4 EA provides access to trades from the Phibase portfolio which has proven track record, trades well diversified strategies and pairs with different degrees of correlation.  The results of the four strategies are presented in the cumulative pip chart below:



Phibase prefers analysis using Pips since it reflects the performance without effect of compounding results. Since none of our strategies use any kind of gird/martingale positioning, the pip charts are a true representation of performance. All our EAs are allowed to have only one open position per symbol at any point of time. 

One of the most common issues is trading differences across brokers leading to underperformance on the trader account.  ForexSignalPort eliminates trading differences and assures 100% identical performance as seen on our reference accounts. Further, our innovative risk management module will filter our under-performing strategies and enhance the overall gains of the portfolio.

Equalized risk across all trades ensures the pip gains are translated to equity gains. You can set risk per trade as per your risk appetite (2% per trade is recommended and offers potential gains between 60% to 100% per year with max drawdown of 20%)

Other advantages include lower strategy license costs, lower VPS system configuration requirements and ease of setup. ForexSignalPort enables us to shift the balance in your favour and ensures you profit from trading the Phibase portfolio.
« Last Edit: January 09, 2019, 12:52:57 PM by phibase »
ForexSignalPort : Leverage the full-potential of the Phibase Portfolio
https://forexsignalport.com

Offline canis

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Re: Forex Signal Port
« Reply #13 on: January 09, 2019, 07:42:20 AM »
It sounds beautiful, but heres the reality:


+IndEX
« Last Edit: January 09, 2019, 07:57:02 AM by canis »
English is not my native language

Offline phibase

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Re: Forex Signal Port
« Reply #14 on: January 09, 2019, 07:43:38 AM »
@Donbon2 : Pricing

Monthly plans priced at $99. The subscription plans work out to about $59/month when billed annually. Monthly plans are only suitable for traders who wish to test the EA for shorter periods before committing for longer term plan.  Our subscription plans are based on member feedback and requests to link fees with real performance. We hope members see this as a better alternative rather account size based fees which would be more difficult to implement with out collecting personal account size or trade size related data from the MT4.

All subscription plans have a minimum performance guarantee assurance program. We explain how this works for the monthly subscription over a seven month period:

Monthly Minimum +200 Pip Gain Guarantee Assurance. Portfolio has a monthly win rate of over 80% (Average monthly gains : +210 pips)

In the example below, we have assumed performance of a holy grail system to deliver +200 monthly. The real world trading results is plotted along side in this example.



In the above example, under normal monthly subscription plan the trader would have to make 6 x $99 monthly payments irrespective of the gains. As per the Phibase performance guarantee assurance plan the trader is required to only renew subscription when equity is above the cumulative minimum guarantee assurance level, in this case : 3 x $99. This enables the trader to allow the strategy to work over and meet its potential. Performance history of the official reference account during your subscription period is used for accessing the minimum gain guarantee.

In this example, the subscription cost for trading seven month period is $396 instead of $693 (which would be the fee without the performance guarantee). The cost per month works out to $56/month. Of course, if the EA has a continuous win streaks of over 200 every month, the subscription fee would be $693 ($99/month). 

Similar performance guarantee assurance is available for quarterly (+600 pips), semi-annual (+1200 pips) and annual (+2400 pips). Performance on the reference account is used to calculate the gains during the trader's subscription period. This will ensure trader does not have to pay for any under-performing subscription periods and also enables the trader to run the strategy continuously to enable EA to recover from any stagnant/losing phases.

Traders are advised to set Risk per trade parameter can be set as per their risk appetite, gain expectations and Max DD which will be enable them  to handle losing phases comfortably. The portfolio drawdowns of about -1000 pips would be considered as deep drawdown - Max DD could dip to about -1300 if some SL hits (especially from INDEX) are seen during that levels - but these losses are recovered quickly.
 
•      Risk per trade 1.0% (Low risk): Max DD is 10% with gain potential of 20% to 30% per year
•      Risk per trade 1.5% (Medium risk): Max DD is 15% with gain potential of 30% to 50% per year (SMFX reference account)
•      Risk per trade 2.0% (default risk/recommended): Max DD is 20% with gain potential of 40% to 60% per year
•      Risk per trade 3.0% (Very High risk): Max DD is 35% with gain potential of 60% to 100% per year

Lower end of estimated range would be seen if a deep drawdown was seen during the second half of the year since it reduces effect of compounding.  Higher end of gain will be seen if no major drawdown occurred during the year.

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). The advice is based on risk/drawdown level at actual max and is basing gain potential on a minimum expected performance level. 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.   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. The below chart is based on contribution of INDEX trades to the portfolio (from strategy tests between Aug 2013 to Feb 2018).



Typically, traders with smaller account sizes tend to use higher risk and traders with larger account sizes use lower risk. This varies depending on the goals of the trader.
An example of costing when ForexSignalPort is run a capital of about $5000 when run at 2% risk is given below:

Gain (+2400 pips) :  $2400   
Annual Subscription Fee : $708 + VPS Cost : $240 =  $948.

Net gain for trader would be : $1452 (~30%) 

In case the performance falls short of the +2400 pip level, the traders can trade for the next one year period without need to pay the subscription fee.   (FSP increases/decreases lot size with increase/decrease in account size. The effect of this geometric lot size calculation is similar to the effect of compounding results. We have assumed equity gains without effect of compounding for simplicity in this example.)

« Last Edit: January 09, 2019, 04:58:26 PM by phibase »
ForexSignalPort : Leverage the full-potential of the Phibase Portfolio
https://forexsignalport.com

 

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