Phibase Synergy | Phibase PRO - 0 views
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tech writer on 14 Feb 12PhiBase PRO EA has been developed based on a few select price action patterns that are formed at important Fibonacci levels.The EA creates a price action model by normalizing the price action, adjusts it to a constant level eliminating the differences cause by different price action ranges. The price model is also time adjusted to remove the differences introduced by slow and fast moving markets.The EA may enter trades based on its ability to predict a pattern before it is fully formed if the next higher time frame is supportive. Patterns are not considered if they are not formed near important Fibonacci levels. The EA's trade entries have a success rate of over 65%. The EA has an excellent trade management system that locks in profits and limits losses to reasonable levels.