As the search for the Holy Grail continues, I bumped into this EA, PhiBase Pro. A seemingly interesting EA. They have a monthly report that will aim to provide inside view about the strategy so that users can understand the EA better. This is the bot creator’s way so that the customer will have the confidence in the EA. They are posting on their website updates of their trades that their customers may understand and compare with their own trading’s done.
In my personal trading experience, I was amazed by the results. I bought PhiBase but after doing some back testing for GBPUSD and USDCHF, I run it on EURUSD. I think this is a good EA but honestly, I was disappointed with the results of the backtest for GBPUSD and USDCHF which worked differently with their trading results. I am not sure if it was just me or the luck just slipped away when I buy/sell it. Also, when I asked them for a refund, they never gave any refund. Well, it was two months that has passed and since their refund policy is a 30 day condition only, that may be the reason of the non-refund.
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I just took it off my chart. There are prettier, more profitable EA’s out there. No trade making for 3 days is such a bad result. I think I am not alone experiencing this as most of the feedback from other traders are pretty the same. I think, my search for the holy grail is still on.