High Frequency Trading made
profitable, simple and easy!

What is iProfit HFT?

iProfit HFT is an expert advisor (EA) designed for automated trading on the MT4 platform. It makes high frequency trading practical and profitable for retail Forex traders. The strategy is very robust and can be used to trade multiple currency pairs. iProfit HTF is recommended for trading on EURUSD, AUDUSD, EURJPY, GBPUSD and XAUUSD (Gold). The EA is available as monthly/annual subscription license for two/four accounts. Subscription Options

How does it work?

The strategy is based on trading a pairs with high correlation simultaneously with pairs which have low/medium/negative correlation. A single strategy is employed for the trade entry. iProfit HFT is powered by a simple-self contained Neural Network module which predicts the High/Low values of the next H1 bar. Prediction is based on past 48 hours H1 bars only and does not include any static pre-stored NN learning files. More About Trading Strategy

What to expect?

iProfit is a very active trader with excellent success rate and risk:reward ratio. The EA has great trade and money management built into it. Traders can expect about 80 trades per month with gaining phases yeilding about 150 pips per month. The system has a success rate of 65% average gain size : 21 pip and average loss size is 31 pips. The EA is recommended to be used with ECN brokers offering low spreads and DMA. More About Strategy Reports

Recommended Broker:

iProfit requires ECN/STP brokers with good trade execution, low spreads and miminal slippage. We recommend brokers like IC Markets, Pepperstone, AXI trader and similar for trading with iProfit. Professional accounts type with low spreads + commissions are recommended. Standard/no commission accounts are NOT recommended for trading with iProfit.

iProfit HFT Detailed Trading Strategy

iProfit HFT is a trading system designed to profit from most market conditions. The startegy has been designed and followed by a professional day trader. PhiBase Technologies has implemented this strategy as a fast learning neural network since it involves dynamic adaptation to the most price movements seen within the previous 4 to 48 hours. The strategy also involves decision making based on prior data which is considered by many as an art rather an exact science.

iProfit NN model does not contain hard set rules, indicators or hard set formulas. The EA attempts to trade the normal price movements seen within a H1 bar - The NN model only predicts the upper/lower price for the new H1 bar. Prediction is based on a recursive training algo which has a reasonably good accuracy of +/- 5 pips over 65%. While this is an important part of the strategy, the core would be the decision making model which mimics the mind of the day trader. While the High/Low is made available for each bar, the buy/sell/ignore decision is based on price action and probability of success. multiple moving average cross over, support/resistance and stochastics are used to present the current market situation. The moving averages period is dynamically adjusted between 4 to 20 to meet the strategy requirement. The strategy is flow charted in the following diagram for better understanding of entry/exit.

iProfit is an ultra short term strategy, but trades on H1 time frame (every tick). This need not be classified as a scalper. The system has a success rate of 65% average gain size : 21 pip and average loss size is 31 pips. We recommend broker accounts with lowest possible spreads on all the traded pairs. iProfit strategy is not to out smart the markets. The EA trading style keeps generating small gains while keeping losses low - the trading volume gradually add up to net profits. iProfit aims to bring in monthly gains consistently, however there have been losing month (s) in the past and must be expected in future also.

A chart with typical trades is presented below. The EA HUD (chart messages) will indicate the current price action status from the EA's point of view. Advance trade entry notification will be displayed along with entry price when Bullish/Bearish conditions are present. Entry price is made spread independent by the trigger price being calculated as average of Ask and Bid. This reduces trade differences between accounts with different spreads. However, trade trigger will only happen if the price touches/crosses the entry/exit price. Broker feed difference of about 1 pip would be common and this may lead to entry time difference/no entry in some cases. iProfit is a frequent trader and averages about 100 trades. Trade differences between account (if any) would be smoothened out with in a short period of time.

It is highly recommended to run the EA on ECN accounts with lowest possible spreads available with the broker. It would be preferred to have zero/minimum spreads with commissions being paid outside of the trade. We recommend IC Markets True ECN or Sensus Capital C Feed accounts.

iPRofit strategy is very robust and can be used to trade multiple currency pairs. The EA is recommended for trading on EURUSD, AUDUSD, XAUUSD, EURJPY and GBPUSD.

iProfit HTF trades when bullish/bearish trends are present. Ranging/indecisive price action is considered as unsuitable trading condition. Multiple currency pairs provide the EA with good number of trading opportunity. The Low/Medium/Negative correlated pairs also help in reducing the drawdown of the portfolio at any given time. The following chart shows H1 price action for the five traded pairs and EA's trades on each chart during same time period.

From the above charts it can bee seen that even pairs which have very high (postive/negative) correlation like EURUSD and AUDUSD can have different trade entry. Entries may correlate at certain times based on strength of signals.

iProfit HTF trades all the pairs identically. There are no external optimization or parameter changes involved at any stage.

The NN model suggests trade entries with success probability greater than 75%. the EA uses the stoploss provided by the NN model to close trades which have gone in wrong direction. This stoploss level is calculated as per nearest support/resistance at the time of trade entry.

All iProfit trades are closed on Friday around US Close to prevent trades carry over into the weekend. Since iProfit is based on very short duration analysis, carry over of trades would not be recommended. The EA will close trades as per the day and time set in the parameters. The defaults used are Day 5 and Hour 19. This will vary as per your broker GMT offset time - The day/time will need to be set to one hour before last H1 bar of the week. While setting the exact time is not critical, having uniform close time will provide for better cross referencing the trades. Details about setting up closing time is described in the EA parameter section of this manual.

iProfit HFT EA Live Trading Reference Account

iProfit HFT EA Back Testing

When testing iProfit HFT it is very important to use the highest possible data and test quality available. Using standard MT4 M1 test with MetaQuotes data will result in unreliable results. The EA operates on every tick. Mt4 M1 test interpolates between the M1 bar's OHLC to mimic ticks. There are only 4 ticks per minute in a MT4 M1 test. Interpolation is done without correct direction or order in which High/Low was reached within the M1 bar. This makes it highly unsuitable for testing with iProfit HFT. While in most cases trades may match with real live or tick data test, major differences would be seen in phases where H1 ranges are very low. We strongly recommend conducting all backtest at 99% accuracy and with highest quality data available. All tests presented for iProfit have been conducted on DukasCopy Tick Data at 99% modeling accuracy.

iProfit Combined Porfolio