Introducing IndEX EA

Phibase has been researching into the movements of GBP in relation to USD, Yen and Euro for several years now. It was noted that it would be impossible to trade any of the Yen pairs based on just the corresponding charts in isolation. The complex relation of currency strengths are often identified too late to derive any trading benefit. The disadvantages of scalping the asian markets often out-weight the short term advantages and is not seen as a long term tradable solution.

The Index trading platform is the result of several years of development which now brings a much higher degree of market information available for analysis than ever before. The trade weighted index values for USD, EURO, GBP, Yen and CHF are created by the Phibase-IndEX algorithm by calculating the relative strengths. The currency Index is comparable to various trade-weighted effective exchange rate index. The indices are dynamically created at close of every hour and used to identify the strength or weakness of a particular currency and its flow direction. Traditionally only banks, large investment houses and very few professional day trading setup have this kind of information at their disposal. Phibase is happy to present the IndEX EA which can transform the way you trade.

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Easy to Setup

Just attach IndEX EA to one chart. The EA initializes and automatically configures all parameters like symbols, GMT Offset, MarketWatch, etc. Option to enable/disable trading of any pair.

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Multiple Pairs

The strategy is enabled for trading GBPJPY, EURJPY, USDJPY, EURUSD, GBPUSD, EURGBP and XAUUSD. The IndEX platform is highly scalable - trading other USD pairs and instruments like AUDUSD/Crude will be enabled before commercial launch in October 2018.

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Unique Design

The unique HUD dashboard presents all information regarding open and closed trades. The responsive layout adjusts the display as per your chart screen and presents all information in a concise manner.

What is IndEX EA?

IndEX EA is the first commercially available fully automated MT4 EA based on trading multiple forex indices. The EA is fully self contained and back testable. The strategy trades pairs when one of the index component strengthens and the other weakens. Trades are entered when there is enough room for movement to achieve gains of over 150 pips. The EA needs to be attached to one chart only - The EA automatically monitors 10 different currency pairs to derive the index values of the five currencies and trades multiple pairs automatically.

GBPJPY, EURJPY, USDJPY, EURUSD, GBPUSD, EURGBP and XAUUSD trades 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 1:2 and aims to gain between 250 pips to 400 pips per month. The system typically has between 15 to 20 trades per month and has an assured quarterly win rate of over 95% (Monthly win rate of 75%).

Get Started Along With IndEX V2
Pre-Launch Trading Account
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Index

IndEX V2.2 (prelaunch) Reference Account

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portfolio

The portfolio report generated from the strategy tests of seven traded pairs shows good potential of gains between 3000 pips to 5000 pips annually. Overall drawdown is limited to about 1370 pips (24% at recommended risk level).

The maximum losing period during a drawdown is limited to about 3 months in duration and about 24% in depth. Recovery is very quick due to positive risk reward of close 1:2 and success rate of about 46%.

Default risk level is 2.0% per trade. This is medium risk with gain potential of between 120% to 180% per year. Traders should expect normal DD of 10% to max DD of 25% as part of strategy. You can increase reduce risk level as per your requirement.

When EA gains +1500 pips, the account equity would move up by about 40%. The EA uses geometric position sizing which increases trade size with increase in equity and reduces trade size with drop in equity. So, if a loss of -1500 pips happens, the account equity drops to by 25%.

There is a difference between gaining periods and losing periods with respect to pip contribution – This is not linear but rather has a compounding effect during winning phases and discounting effect on losing phases.

Importance of Strategy tests:

While live trading on real money accounts are the most reliable form of strategy analysis, strategy tests are equally important. It is quite easy for a strategy to be successful in real trading for three months, six months or maybe even one or two years. But there is no guarantee or information about the actual drawdown the strategy may see in future or when price action goes against it. This will lead to setting risk levels which will be harmful to the account when drawdowns occur.

The strategy tests provides a clear indication of what to expect from trading the strategy over long term and across various price actions. Setting risk based on strategy tests is a good way to know what is normal drawdown and when the drawdown is considered going beyond acceptable range of the strategy. Strategy tests (when honest) can also help provide good information if the strategy can be traded even before it has generated enough live trading history - an approach which has proven very profitable for our long term members. Here you can actually see the gains in your account rather than watch the EA gain in the account you are tracking.

For making a decision to trade the strategy based on strategy tests requires good understanding about the drawdown ranges, trading style and setting the right risk for being able to trade comfortably. All this in addition to the trust you have on the vendor.

Note : MetaQuotes has built in some of these limitations to prevent vendors or developers from seeing ahead and manipulating strategy test results. Please do not use the methods suggested to over ride MT4 strategy tester unless you have utmost trust in the vendor's integrity. Phibase has been developing trading strategies since 2011 and our backtests/real trading results have always been honest and true. Phibase guarantees none of our trading strategies will use any manipulations or read-ahead techniques to produce favourable backtest results. Further, Phibase publishes real trading vs backtest results regularly to show validity of strategy tests conducted.

Trading Strategy:
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IndEX MT4 EA is a platform for trading multiple currencies from a single chart based on currency strengths rather than individual pairs price action alone. The IndEX EA is a highly scalable platform to add additional pairs for trading using various strategies while keeping the relative strengths of currencies in view.

IndEX EA created currency index for EURO, GBP, USD, YEN and Swiss Franc. The index values are derived from price feed of various pairs in real time (updated every hour at new bar open). The index values are calculated using an proprietary algorithm developed by Phibase in which index values are created for each currency by calculating its relative strength. The currency Index is comparable to various trade-weighted effective exchange rate index. Based on the progression, The currency Index is used to identify the strength or weakness of a particular currency and its flow direction.

IndEX EA V2x is currently enabled for trading seven pairs : GBPJPY, EURJPY, USDJPY, EURUSD, GBPUSD, EURGBP and XAUUSD. The commercial version of the EA which will be launched in October 2018, will have option to trade more pairs (AUDUSD, OIL, etc).

Yen provides excellent oscillations between being strong and weak. This gives rise to potential of trading it across various other pairs like EURO, GBP and USD.

The GBP/JPY pair is a highly volatile currency combination, defined by large movements in price relative to most other pairs. The IndEX EA trades the volatility of this pair based on the relation between Yen/USD and GBP. The complex interaction between the three currencies are analysed and high probability trades with a minimal profit goal of +200 pips are taken. IndEX EA is very successful in trading this pair on H1 time frame.

The USD/Yen is the second most liquid currency pair, often idling along at a particular level before a rapid movement to a different price level. Trading the USD/JPY requires enormous amounts of patience. IndEX EA trades USDJPY on the daily timeframe and based on breakouts and reversals at extreme levels. The USDJPY pair provides good support to the IndEX portfolio and plays a crucial role in achieving the quarterly gain targets of the strategy.

EUR/JPY currency pair is a safe haven trade and sees very strong movements. The peculiar nature of the EURO - Yen relationship makes it an ideal pair for IndEX strategy to make momentum and trend based trades on daily timeframe. EUR/JPY also provides good trading liquidity and spreads are low across all brokers. The relationship of EURO against safe havens currencies like CHF, Yen and USD are used to identify major trends and momentum based entries.

EURUSD, GBPUSD and EURGBP (only one open trade of these pairs allowed at any point of time). EURO + GBP Index moves will be traded on moving 24 hour time frame. Trades will be executed either on EURUSD or GBPUSD or EURGBP depending on the pair providing most reliable signal. Trading EURUSD/GBPUSD will be based on strength or weakness of USD index. If EURGBP trade will be executed if the EURO and GBP index well defined inverse index directions.

Trading Gold is based on trading USD weakness and Gold breakouts on the H1 timeframe. The success rate is about 51% with R/R of 1:1.5 - trading frequency averages about 5 trades per month. Gold has always been a risk sentiment instrument and provides good moves - INDEX EA is able to provide consistent gains using its strategy based on USD Index and its relative movement to other pairs. As part of the INDEX portfolio, trading Gold is an excellent choice since the XAUUSD pair has very weak correlation to five pairs (GBPJPY, EURJPY, USDJPY, GBPUSD and EURGBP). The pair has a stronger correlation to EURUSD, but the INDEX strategy trades EURUSD based on INDEX values of EURO and GBP and its strategy is highly uncorrelated to the strategy used to trade Gold.

Since trading is based on actual index movements and directions, much of the price action within the daily trading range of the pair is considered noise. The strategy is able to filter out most weak signals and false breakout - trades are taken only when there is solid reason provided by the inbuilt currency indices.

Traditionally strategies for automated trading on MT4 are developed based on a specific pair. The limitations of MT4 and complexity involved in analyzing multiple currencies have been limiting strategy development to multiple time frames of pair being traded in addition to various filters and indicators in an attempt to create a strong and robust strategy - This has been missing the big picture of how the currencies are positioned in relation to each other. The importance of the strength and weakness of the currency pairs being traded has not been utilized much in automated trading. There have been numerous trading advisories and trading strategies suggesting trading based on currency strengths or trading the strong against weak, etc. but there has not been any proof or backtested data available to validate the trade setups or rules.

Phibase has built an platform on which we have developed MQL programs to enable us to test out various currency relationships, correlations and relative strength behaviours.

Remote monitoring service:

We will be providing remote monitoring of client accounts for IndEX trades. This feature is under final phase of testing and yet to be fully operational. The EA does not send any personal information to our server (only EA internal parameters, Pip Gain per pair and open/close details of last trade are uploaded to our server once a day). We propose to monitor all member accounts on a daily/weekly basis to ensure there is no underperformance on member accounts. In case of underperformance, we can study the member accounts internal parameters more regularly and identify/solve issues if any. We do not collect any financial or account balance or any other personal information.

Members have the option to switch of this feature at any time if you are not comfortable with the remote monitoring service.

The database is hosted on our secure dedicated server. Even the Email ID of members is encrypted. Last Trade information is limited to the following MT4 parameters:

Order Ticket
Order Symbol
Order Open Time
Order Open Price
Order Close Time
Order Close Price
Order Magic Number

Only the pip gain data reported on the HUD screen is uploaded (No other personal information like Profit/account balance/leverage/lotsize, etc are uploaded). The PHP server which collects info from the EA and populates the database is currently being tested and so there will be some records and fields which are not being updated as yet. We will have the fully functional monitoring service running from Monday.

The frequency of updating can be controlled by the user through a setting in the EA properties (default - updates once a day).

Monitoring can be disabled which will prevent uploading of any trade related and internal parameter data.




Strategy Reports and Analysis


IndEX EA enables backtesting of the pairs being traded to validate the strategy and check for its robustness over longer periods. Dukascopy tickdata has been used to test all the three pairs individually and a portfolio report created to show the combined trading result. Phibase will provide instructions to override the limitation of MT4 strategy tester to access other pairs during strategy testing. The charts above summarize the tick data test reports and provides in-depth view into the trading style of the strategy,

IndEX Strategy Highlights

Trend is a great friend for trader, but noise and volatility make the friend very unreliable. IndEX is a professional strategy that benefits from all three key elements of markets - volatility, market noise and trend. Powerful swing trading strategy is used to trade Euro/GBP/USD pairs.

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Volatility is your Friend

The GBP/JPY and XAUUSD pairs are a highly volatile currency combination, defined by large movements in price relative to most other pairs. The IndEX EA trades the volatility of this pair based on the relation between Yen/USD and GBP/Gold. The complex interaction between the currencies are analysed and high probability trades with a minimal profit goal of +150 pips to +200 pips are taken. IndEX EA is very successful in trading these pairs on H1 time frame.

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Noise is your Friend

The USD/Yen is the second most liquid currency pair, often idling along at a particular level before a rapid movement to a different price level. Trading the USD/JPY requires enormous amounts of patience. IndEX EA trades USDJPY on the daily timeframe and based on breakouts and reversals at extreme levels. The USDJPY pair provides good support to the IndEX portfolio and plays a crucial role in achieving the quarterly gain targets of the strategy.

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Trend is your Friend

EUR/JPY currency pair is a safe haven trade and sees very strong movements. The peculiar nature of the EURO - Yen relationship makes it an ideal pair for IndEX strategy to make momentum and trend based trades on daily timeframe. EUR/JPY also provides good trading liquidity and spreads are low across all brokers. The relationship of EURO against safe havens currencies like CHF, Yen and USD are used to identify major trends and momentum based entries.

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Swing made easy

Price action based day trading strategy finds high-probability entries in the market at swing points. Index information from multiple currencies enables buying the dips in a rising market and selling the rallies in a falling market. EURO + GBP + USD price moves are traded on a moving 24 hour time frame and executed on EURUSD or GBPUSD or EURGBP depending on most reliable signal.(only one open trade of these pairs allowed at any point of time)

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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. Trading is based on trading the falling currency pair against a gaining pair. The EA is designed with a positive Risk:Reward of 1:2 and aims to gain between 300 pips to 600 pips per month. The system typically makes between 15 to 20 trades per month.

You can watch the video to get a feel of the trading style of IndEX EA.

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IndEX Expert Advisor

Trading the big picture

  • Trades GBPJPY, EURJPY, USDJPY, EURUSD, GBPUSD, EURGBP and XAUUSD
  • Fully automated, self contained and back testable EA
  • Operates from one chart
  • EA's HUD dashboard presents all information
  • Positive Risk Reward 1:2
  • Average gains > 121 pips. Average Loss < 67 pips
  • Non-Grid/Non-Martingale system. NFA/FIFO compatible (Gold trades can be disabled for US brokers)
  • 12 years tickdata tests available
  • Broker Independent - Operates on H1 closing only
  • Other instruments like Oil/AUDUSD/USDCAD will be added in future
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Subscription Plans

US$270/Quarter

QUARTERLY
  • All Pairs
    (GBPJPY, EURJPY, USDJPY, EURUSD, GBPUSD, EURGBP and XAUUSD)
  • One Account (Real or Demo).
  • Performance Assurance :
    500 pips during subscription period.
  • Subscription extended by 3 months in case minimum target not achieved.
  • Refund Period : 30 Days Money Back

US$378/half-yearly

SEMI-ANNUAL
  • All Pairs
    (GBPJPY, EURJPY, USDJPY, EURUSD, GBPUSD, EURGBP and XAUUSD)
  • One Account (Real or Demo).
  • Performance Assurance :
    1000 pips during subscription period.
  • Subscription extended by 6 months in case minimum target not achieved.
  • Refund Period : 30 Days Money Back

US$540/Year

ANNUAL
  • All Pairs
    (GBPJPY, EURJPY, USDJPY, EURUSD, GBPUSD, EURGBP and XAUUSD)
  • One Account (Real or Demo).
  • Performance Assurance :
    2000 pips during subscription period.
  • Subscription extended by one year in case minimum target not achieved.
  • Refund Period : 30 Days Money Back


Performance Assurance Program: Subscription renewal request is made only if the overall performance of IndEX net is above the minimum assured level during the subscribed period across all the recommended trading pairs. The period in consideration for performance will be your subscription period (for example, 20th August to 19th August in case of quarterly and 20th June to 19th August 2019 in case of Annual) and gains on INDEX reference account will be considered (https://www.myfxbook.com/members/forexgermany/index/2438325).

Frequently Asked Questions

Questions asked by our members through email are presented here to give you great deal of information with regard to traidng with INDEX MT4 EA

What is quarterly success rate? How does it make it easier to understand what to expect from trading this EA?

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With IndEX V2.2, we see close to 95% win rate on quarterly basis. New equity highs are seen on a quarterly basis regularly making it easy to run the EA on your account.

Further with V2.2,

  • 75% monthly win rate with average monthly gain of +660 pips and average loss of -240 pips
  • 95% quarterly in rate with average quarterly gain of +1260 pips and average loss of -250 pips
  • Only two losing quarters seen in past 12 years tick data tests.
  • the size of any losing quarter is much less than previous or next quarter.
  • the gain in the following quarter is larger than the losing quarter.

Compounded equity charts or line charts show cumulative growth and it is difficult to understand the effect of drawdowns that are normally seen in trading. The quarterly charts clearly show the trader the average gains/loss that can be expected from trading the strategy.

Is INDEX broker dependent? How do you ensure trading will be profitable on my account?
INDEX EA : Features to ensure profitable trading
  • INDEX EA’s trade entry/exit are based on H1 bar close. Price analysis are all based prices derived from H1 OHLC. The possibility of trade differences are minimal (Trades will be more similar than what you find with CabEX). In contrast, RayBOT works on M15 time frame and is depends on every tick received from broker (some broker difference is seen on non ECN and accounts with higher spread widening/slippage).
    • The Risk : Reward of INDEX strategy is 1:2 (46% success rate). For RayBOT, the R/R is about 1:1 with a win rate of about 60% making winning/losing phases alternate very frequently – Any broker related differences adds to under performance. This kind of issues will not be seen with INDEX.
    • We provide remote monitoring of client accounts for IndEX trades. The EA does not send any personal information to our server (only EA internal parameters, Pip Gain per pair and open/close details of last trade are uploaded to our server once a day). This also ensures members are running the latest version of the EA – We will email the member whose account is not running current version. We monitor all member accounts on a daily/weekly basis to ensure there is no under performance on member accounts. In case of under performance, we can study the member accounts internal parameters more regularly and identify/solve issues if any. We do not collect any financial or account balance or any other personal information. Members have the option to switch of this feature at any time if you are not comfortable with the remote monitoring service.
    • INDEX strategy is based on relative movement of currency basket (index) and not solely based price action of an individual pair. Only price action moves with potential gain of +200 pips are considered for trading and trades are executed only when the reliability (Cronbachs Alpha) of the index values is above 0.7 (which means very reliable). INDEX analyses pairs on a moving 24 hour time frame and is much less susceptible to false trade triggers.
    • One of the criteria for developing INDEX strategy was to ensure the drawdown periods never exceed 3 months and max drawdown was set at 25%. This kind of stringent ranges and rules would not be possible without the wide range of market info collected by the INDEX system and made available for the trading strategy.
    • Please set the risk per trade parameter as per your risk appetite, gain expectations and Max DD you will be able to handle comfortably.

      Risk per trade 1.0% (Low risk): Max DD is 12% with gain potential of 50% to 80% per year

      Risk per trade 1.5% (Medium risk): Max DD is 18% with gain potential of 80% to 120% per year

      Risk per trade 2.0% (default risk): Max DD is 24% with gain potential of 120% to 160% per year

      Risk per trade 2.5% (High risk): Max DD is 30% with gain potential of 150% to 250% per year

    • INDEX trades pairs and strategies with minimal correlation which reduces its portfolio of diversified assets to a lower total risk. Simultaneous trades on GBPJPY, XAUUSD, EURJPY and USDJPY are allowed and may be open at same time, but are rare. The three pairs EURUSD+GBPUSD+EURGBP are treated as a single instrument. The trade signals are generated when all two or three of the indices have a significant relative strength difference. For example, when a EURO – GBP –USD trade is signalled, the trade is executed on either EURUSD or EURGBP or GBPUSD. When there is an open trade on one of these pairs, the EA ignores EURO GBP USD triggers until the open trade is closed. This is to avoid over exposure to these pairs which are highly correlated. Intelligent portfolio diversification of uncorrelated pairs/timeframes minimize overexposure to risk and increases reward by almost 2 to 3 times than what any of our other strategies have been able to provide.
Why does INDEX trade so many currency pairs?

Markowitz's Theory, shows that a mixture of diverse assets will significantly reduce the overall risk of a portfolio. Risk is seen as a cumulative factor for the portfolio as a whole and not as a simple addition of single risks.

It should be noted that only trading diversified portfolio of assets with minimal correlation is seen to lower total risk measured by standard deviation. The dynamic correlation chart is shown below (Yellow means no correlation and pink is moderate to high correlation).

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From the above chart, its easy to pick out pairs that are non correlated.

INDEX strategy trades GBPJPY on H1 timeframe. The pair is not correlated to EURGBP, EURUSD, GBPUSD and USDJPY. But since it is correlated to EURJPY - hence EURJPY is traded on D1 timeframe and only adds to GBPJPY trades.

XAUUSD is traded on H1 timeframe. As part of the INDEX portfolio, trading Gold is an excellent choice since the XAUUSD pair has very weak correlation to five pairs (GBPJPY, EURJPY, USDJPY, GBPUSD and EURGBP). The pair has a stronger correlation to EURUSD, but the INDEX strategy trades EURUSD based on INDEX values of EURO and GBP and its strategy is highly uncorrelated to the strategy used to trade Gold.

EURGBP is not correlated to any other instrument and is an ideal trading pair for the portfolio. But the moves in this pair are weak, hence the trade triggers of EURO and GBP are taken in relation with USD index to execute trades on EURGBP or EURUSD or GBPUSD. In this case even though we are trading three pairs, for the strategy it is one instrument only - since only any one trade of these pairs are allowed at any point of time.

USDJPY has no correlation to EURJPY and GBPJPY, therefore provides good diversification for the YEN base pairs.

USDCHF would be a bad pair for this portfolio since it is highly correlated and we will only be increasing risk.

As of now (v2.1) INDEX is trading only 4 pairs - An ideal portfolio to get risk down to zero would be 10 uncorrelated pairs. With V2.1, the quarterly mean risk has been reduced to about 5% and reward increased to about 20%.

OIL, USDCAD and AUDUSD are uncorrelated to the pairs being traded and will be excellent choices for the INDEX portfolio. We will add them to the pairs being traded by INDEX before commercial launch of the EA in October 2018.

Our aim for INDEX trading is to minimize risk not by merely trading different strategies or price actions - but also by trading uncorrelated assets.

We are sure that by adding AUDUSD and USDCAD the quarterly mean risk can been reduced to close to 0% and quarterly mean reward increased to over 40% (current mean reward is 30%). This would surely meet the goal of most traders who are seeking gains of 10% per month with minimal risk.

Will new lower margins as set by the ESMA be an issue for EU based accounts?

All Phibase strategies are developed with the basic assumption that leverage of 1:50 will be used by USA traders. The effect of ESMA is not very severe on Phibase EAs since we set risk based on lower leverage of 1:50, geometric trade sizing is used and none of our strategies involve gird/martingale methods.

For Phibase members running INDEX on a USD 10,000 : Max exposure at default risk will be ~0.8 lots (if all EAs have the open positions). It is very rare for INDEX EA to have all four traded pairs to be open – this is a possibility, but not likely. However, the portfolio study should be considered with open trades on all traded pairs – so the above margin being occupied should be considered as a real possibility.

USA Margin required at 1:50 is USD 2400 (<25% of account size)

ESMA Margin required at 1:30 is USD 5100 (~51% of account size) (1:20 used for minors)

Members who wish to run INDEX + CabEX, + RayBOT + iProfit on an single ESMA regulated account can email us for suitable recommendation and suggestions.

How is INDEX strategy different or better than other EAs like CabEX/RayBOT?

FX Indices used in INDEX strategy derives values of each currency [euro, gbp, usd, chf and yen] based on groupings of FX pairs which are assigned weightings depending on their influence on the currency's group producing an instrument which is priced and analysed like a FX pair.

The advantages of this strategy are :

  • Real time correlation monitoring.
  • Identifying points of correlation decoupling which is critical to trigger trading opportunities on over/under valued currency pair.
  • Encompassing macroeconomics in nuerical terms.
  • Gauging market sentiment.
  • Identifying correlation decoupling that represent.
  • Encompassing macroeconomics in nuerical terms.

The amount of market information available to INDEX strategy in its trade analysis is unmatched.

CabEX trades with information only on GBPUSD pair - the strategy has been strengthened by its longer look back of 4 month period with release of Version 4. This makes the strategy stronger and had helped reduce its MAX DD depth and duration. CabEX is one of our strongest trading strategies and approaches the limit of reward to risk ratios due to the limited market information contained in the GBPUSD pair.

RayBOT is a short term EA which is optimized at our end to adapt continuously to price action to limit drawdowns and provide parameters that can gain better than previous parameters. The strength of RayBOT is the auto optimization feature and not the trading strategy - We have conducted several hundreds of long term tests on various short term strategies and nothing could provide consistent results over longer periods of time with standard set of parameters. We are working on improving RayBOT's risk:reward ratio which will help in reducing the frequency of winning/losing phases.

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Compare v1.5 and v2.0

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IndEX V1.5 Prelaunch Phase 1 was released to Phibase members who have been successfully trading the Phibase portfolio for several years now. Members during prelaunch phase 1 provide us with valuable feedback, suggestions and real world trading results. IndEX V1.5 has been in live trading since 6th March 2018. The EA has gained +440 pips on GBPJPY, + 110 pips on EURUSD and +107 pips on USDJPY. The equity has recovered from a minor drawdown of 330 pips seen on EURJPY. In Version 1.5, USDJPY was traded on H1 and EURJPY was traded on static 24 hour time frame. IndEX V2x being released now (Prelaunch Phase 2) trades USDJPY and EURJPY on a moving 24 hour time frame which is seen to improve the gain potential. IndEX V2.2 trades additional pairs : XAUUSD, EURUSD, GBPUSD and EURGBP.

GBPJPY
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USDJPY
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EURJPY
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EURUSD
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GBPUSD
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EURGBP
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About 150 members are currently running index on 250 accounts. Based on the feedback and our remote monitoring service, we have implemented changes to the strategy and EA features in the updated version being released in the IndEX Prelaunch Phase 2. The comparative information of the major improvements between V1.5 and v2.2 is presented below:



V2.2 Higher Gain potential

V2.0 trades GBPJPY, XAUUSD on H1 and USDJPY, EURJPY, EUR/GBP/USD pairs on a moving 24 hour time frame. V2.2 gains over 53760 pips in strategy tests between 2007-2018.

53760 pips

V/S

V1.5 Gain potential

V1.5 trades GBPJPY, USDJPY on H1 time frame and EURJPY on static 24 hour time frame. V1.5 gains over 22800 pips in strategy tests between 2007-2018.

22850

V2.2 Lower Max Drawdown

The strategy improvements based on real time trading results has resulted in significantly lower max drawdown of just 1370 pips seen in the long term strategy tests.

1370 pips

V/S

V1.5 Larger Max Drawdown

The pre-launch V1.5 had a higher max drawdown of about 2000 pips which was seen during 2009. Even at this level of drawdown, the equity loss would be less than 25%.

2000 pips

V2.2 Guarantees Even Quarterly Gains

With V2.2 a minimum gain of +600 pips/quarter is guaranteed by Phibase. For annual subscribers a gain of +3000 pips is guaranteed.

+3000 Pips

V/S

V1.5 Guaranteed Annual Gains

With V1.5, shorter periods could not be guaranteed. For annual subscribers a gain of +2000 pips was guaranteed.

+2000 Pips