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Author Topic: Forex Signal Port  (Read 5351 times)

Offline phibase

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Re: Forex Signal Port
« Reply #15 on: January 09, 2019, 07:50:34 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!

@ petersurrey
Gold pips  is taken on par with Forex pips. MyFxBook still shows Gold pips 10x of forex pips and skews the pip count. We use FxBlue and our own tools for portfolio analysis in which GOLD pips are taken on par to Forex pair pips.

FSP trades all strategy + pair with equal risk by adjusting trade size to ensure each pip move equity by same value across all trades.

CabEX drawdown and trading advisory is posted on CabEX thread. CabEX technical analysis has always been able to associate price action and performance – this has increased member’s understanding of the strategy's strengths and weakness.

We do have a marketing team, but we ensure our marketing team always ensures members understand the gain potential in relation to the risk of drawdown. We always  specify the max drawdown of the system and recommend risk level based on that. Our marketing team is also specifically instructed to include max drawdown information even if they are running a promo campaign - As a strategy developer, I understand the importance of this information.

As a team, we always want to ensure members are confident about our strategies and understand the drawdown phases before they start trading. We agree that over past years we have made our share of mistake but have always been learning and improving - this is a process and hope we get to better with each day.
« Last Edit: January 09, 2019, 12:51:15 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 #16 on: January 09, 2019, 08:06:10 AM »
@reinerh, Ibiz, Canis,

RayBOT trading results:

CabEX drawdown discussed in CabEX thread in more detail.  Since SMFX accounts were used to in the discussion, we present the following comparitive analysis and steps we have taken to improve the strategy. Detailed report on RayBOT V5 is available in the RayBOT  October 2018 technical report available at :

RayBOT live trading report (IC Markets vs SMFX) is based on the following accounts

IC Markets : https://www.myfxbook.com/members/forexgermany/raybot/1501113
SMFX MyFxBook : https://www.myfxbook.com/members/raybot/raybot-smfx-risk-7/1512145

The tests were conducted with low risk on IC Markets and Higher risk level on SMFX.



Over the past three years we have been improving the performance of RayBOT across brokers.  The above comparative performance  has been dissected in to three periods below :



Trading differences across almost all broker have been eliminated with the V5 update of RayBOT. We have been sending weekly/monthly analysis of results to members regularly. The December analysis of trades across various brokers is plotted below:



As you can see, the trading differences over a period of three month period is less than 95% and the same hold true for other 6 broker price feeds we conducted the simulated test on. Our development team will continue to work on minimizing the effects of borderline trades, but we need to keep in mind the fact that trading differences cannot be eliminated totally. We are very confident that RayBOT V5.0 will be able to trade with 95% trade similarity across various broker price feed. This may result in minor under/over performance of 50 to 100 pips, but in the normal course of trading this will not show significant difference in the overall gains made by the strategy which has a potential annual gain of over 1000 pips. We will continue monitoring the various broker accounts and make improvements to the strategy/logic/parameters over the next few months.

ForexSignalPort is designed to eliminate any such broker related differences and ensure members accounts can replicate the performance as seen in the reference accounts.

 
ForexSignalPort : Leverage the full-potential of the Phibase Portfolio
https://forexsignalport.com

Offline canis

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Re: Forex Signal Port
« Reply #17 on: January 09, 2019, 08:13:24 AM »

ForexSignalPort is designed to eliminate any such broker related differences and ensure members accounts can replicate the performance as seen in the reference accounts.

Given the past situation, give free access to signals to all licenses holders EAs?
« Last Edit: January 09, 2019, 08:40:57 AM by canis »
English is not my native language

Offline donbon2

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Re: Forex Signal Port
« Reply #18 on: January 09, 2019, 08:18:05 AM »
based on everything I have seen - you should just set up a pamm and have people invest if they want --- otherwise it is simply bad risk/reward for clients via subscription.
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 phibase

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Re: Forex Signal Port
« Reply #19 on: January 09, 2019, 09:28:48 AM »
Quote from: petersurrey on Today at 02:58:52 AM
Quote
The R:R is awful at 1000 pips DD to 200 average per month....you would need to be VERY patient with this one!

Risk:Reward of the system can be judged from different time perspective. In this case, you have taken the monthly average gain and compared it with max drawdown.  We agree this is also a valid view point and needs to be kept in mind while selecting a system.

Please consider the monthly pip gain from the portfolios live trading history of 70 months :



We have provided Risk/Rewards with a different view points below :

Average Monthly Risk: Reward = 1:2  >>  Average monthly loss -176 pips  : average monthly gain +373 pips

Max DD can occur anytime, but in general that would not be seen on a regular basis. It would be safe to assume we consider Max DD on a yearly timeframe. In this case, the gain potential used would also be annual (not monthly).

When we consider this view,  R:R  at Max DD of 1000 pips to average annual gain +2400 pips may be considered reasonable.

Selecting a trading strategy is based on the traders risk appetite and understanding of a strategy. Some traders are okay with floating DDs of martingales/grid systems and other some traders like the success rate of scalpers and are willing to overlook the floating loss or negative R:R.

Based on our research and experience over the years, we are of the opinions that following the golden rules of trading will ensure success in the long term. Phibase strategies have minimum R:R of 1:1 (RayBOT and iProfit). INDEX and CabEX have positive R:R of close to 1:2. Such systems typically have success rate between 40% to 60%. We do enjoy some good winning phases where it will look awesome and some phases where trading will look awful. Traders choose automated trading to enable them to trade logically as per rules.  Phibase team takes every possible step to keep emotion, fear,  greed and gut feeling out of its trading strategies.  We try our best to base all our trading decisions, logic and rules on statistical technical facts.

We have provided a screenshot of recent trading from the RayBOT account to illustrate this better:



We will discuss the drawdown depth and recovery in another post. 
ForexSignalPort : Leverage the full-potential of the Phibase Portfolio
https://forexsignalport.com

Offline phibase

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Re: Forex Signal Port
« Reply #20 on: January 09, 2019, 09:31:15 AM »
based on everything I have seen - you should just set up a pamm and have people invest if they want --- otherwise it is simply bad risk/reward for clients via subscription.

We had consulted with several of our members regarding this. Most preferred the EA to PAMM since each have their own preferences with regard to brokers/regulations. Members with accounts larger than $5000 see PAMM as less profitable than running EA on their own.
ForexSignalPort : Leverage the full-potential of the Phibase Portfolio
https://forexsignalport.com

Offline phibase

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Re: Forex Signal Port
« Reply #21 on: January 09, 2019, 09:46:51 AM »
Given the past situation, give free access to signals to all licenses holders EAs?

For members with lifetime licenses we have offered FSP at a very low pricing during this pre-launch period (personalized offers made by email). 
ForexSignalPort : Leverage the full-potential of the Phibase Portfolio
https://forexsignalport.com

Offline phibase

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Re: Forex Signal Port
« Reply #22 on: January 09, 2019, 02:17:22 PM »
The R:R is awful at 1000 pips DD to 200 average per month....you would need to be VERY patient with this one!

We feel that drawdown of 1000 pips by itself should not be seen in isolation. The systems average gains/average loss (TP or SL levels) will need to be factored in.

In case of INDEX or CabEX : Average gains are about 120 pips and average loss is about 70 pips. To lose 1000 pips the requires 15 average losing trades. To recover, it only needs 9 average winning trades.   iProfit and RayBOT have DD's depths of about 600 pips - their average wins/loss is lower +30 pips/-30 pips.

The drawdown depth and recovery periods is explained with the recent trading results of INDEX.



Such drawdown recovery periods are common in trading. INDEX strategy occasional deep DD/recovery period of about 3 months.  Normal DD/recoveries are of about 400 pips deep and usually of less than one month duration.

We often find DD/recovery in about 100 trades as more reliable since trading activity/recover/DD depends on price action. Very dull price action periods may result in few trades which could potentially extend the duration in terms of weeks/months. The following chart plots the historical equity pip gain chart along with 100 trade moving average.



This provides a good idea regarding how the equity gains can be expected in future.  For INDEX, our team will use the 100 trade moving average line to monitor drawdown depths/duration - Equity going below this MA might mean deeper drawdown/moving away from historical reference. ForexSignalPort enables us to take corrective action through filtering out under performing strategies+Symbol from the INDEX EA.
ForexSignalPort : Leverage the full-potential of the Phibase Portfolio
https://forexsignalport.com

Online Humble Trader's Fx

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Re: Forex Signal Port
« Reply #23 on: January 09, 2019, 03:17:48 PM »
The R:R is awful at 1000 pips DD to 200 average per month....you would need to be VERY patient with this one!

We feel that drawdown of 1000 pips by itself should not be seen in isolation. The systems average gains/average loss (TP or SL levels) will need to be factored in.

In case of INDEX or CabEX : Average gains are about 120 pips and average loss is about 70 pips. To lose 1000 pips the requires 15 average losing trades. To recover, it only needs 9 average winning trades.   iProfit and RayBOT have DD's depths of about 600 pips - their average wins/loss is lower +30 pips/-30 pips.

The drawdown depth and recovery periods is explained with the recent trading results of INDEX.



Such drawdown recovery periods are common in trading. INDEX strategy occasional deep DD/recovery period of about 3 months.  Normal DD/recoveries are of about 400 pips deep and usually of less than one month duration.

We often find DD/recovery in about 100 trades as more reliable since trading activity/recover/DD depends on price action. Very dull price action periods may result in few trades which could potentially extend the duration in terms of weeks/months. The following chart plots the historical equity pip gain chart along with 100 trade moving average.



This provides a good idea regarding how the equity gains can be expected in future.  For INDEX, our team will use the 100 trade moving average line to monitor drawdown depths/duration - Equity going below this MA might mean deeper drawdown/moving away from historical reference. ForexSignalPort enables us to take corrective action through filtering out under performing strategies+Symbol from the INDEX EA.

FSP, please be careful in your advertising, you cannot use, "Phibase Portfolio guarantees minimum gain of 200 pips per month." Only one other vendor in our forum uses a "guarantee" of 9k/ account, but he has been verified by us that Forex Manager DBA (https://donnaforex.com/index.php?topic=20305.0), has reserves to "guarantee" account up to a certain amount; do you have such a reserve set aside?

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 #24 on: January 09, 2019, 03:19:21 PM »
looks like big progress to me, much better trade matching has been achieved. that was a huge issue in the past.

and for the signal ea having all the multiple decent strategies running combined makes a lot of sense.

that sure could be a great set up going forward.

Online Nasdaq100

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Re: Forex Signal Port
« Reply #25 on: January 09, 2019, 03:36:07 PM »
FSP, please be careful in your advertising, you cannot use, "Phibase Portfolio guarantees minimum gain of 200 pips per month." Only one other vendor in our forum uses a "guarantee" of 9k/ account, but he has been verified by us that Forex Manager DBA (https://donnaforex.com/index.php?topic=20305.0), has reserves to "guarantee" account up to a certain amount; do you have such a reserve set aside?

Regards,
HumbleTrader
[/quote]

Could you please explain in details how the DBA guarantee works and how Donna has verified it?



« Last Edit: January 09, 2019, 03:48:31 PM by Humble Trader's Fx »

Offline phibase

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Re: Forex Signal Port
« Reply #26 on: January 09, 2019, 03:43:31 PM »
FSP, please be careful in your advertising, you cannot use, "Phibase Portfolio guarantees minimum gain of 200 pips per month." Only one other vendor in our forum uses a "guarantee" of 9k/ account, but he has been verified by us that Forex Manager DBA (https://donnaforex.com/index.php?topic=20305.0), has reserves to "guarantee" account up to a certain amount; do you have such a reserve set aside?

Regards,
HumbleTrader

ForexSignalPort subscription comes with a performance guarantee assurance. This is an EA for which traders can subscribe and does not involve investment of funds like PAMM or opening an account with Phibase. If the minimum gain is not achieved, we extend the subscription period.

Please let me know if I misinterpreted your advice or if I am missing something.
« Last Edit: January 09, 2019, 04:59:11 PM by phibase »
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Online Humble Trader's Fx

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Re: Forex Signal Port
« Reply #27 on: January 09, 2019, 03:46:25 PM »
Could you please explain in details how the DBA guarantee works and how Donna has verified it?

Hello Megabot.

If you read back at the posts of DBA, you will find one where Donna writes on this topic; better still, you should direct this to Donna, if I am misquoting this.  The main point I am trying to make, that in the forex industry the word "guarantee", has legal implications.  :)

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


Offline phibase

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Re: Forex Signal Port
« Reply #28 on: January 09, 2019, 03:52:40 PM »
Thanks for the clarification, HumbleForex. We will advice our marketing team to probably consider renaming it to "performance assurance" or something like that.  As per my understanding, Guarantee/Warranty is generally used for all products and is okay as long as the service is provided as per the terms specified along with the Guarantee.

Edit : We stand corrected: replaced guarantee with "assurance" which better represents what we offer as per our terms with the subscription.
« Last Edit: January 09, 2019, 05:00:44 PM by phibase »
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Online Humble Trader's Fx

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Re: Forex Signal Port
« Reply #29 on: January 09, 2019, 03:53:33 PM »
FSP, please be careful in your advertising, you cannot use, "Phibase Portfolio guarantees minimum gain of 200 pips per month." Only one other vendor in our forum uses a "guarantee" of 9k/ account, but he has been verified by us that Forex Manager DBA (https://donnaforex.com/index.php?topic=20305.0), has reserves to "guarantee" account up to a certain amount; do you have such a reserve set aside?

Regards,
HumbleTrader

ForexSignalPort subscription comes with a performance guarantee. This is an EA for which traders can subscribe and does not involve investment of funds like PAMM or opening an account with Phibase. If the minimum gain is not achieved, we extend the subscription period.

Please let me know if I misinterpreted your advice or if I am missing something.

Please let me know if I misinterpreted your advice or if I am missing something.

For your protection, check with a legal expert.  :)

Regards,
HumbleTrader

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


 

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