The installation process of the iProfit EA on MT4 is pretty simple. You only need to download the installation files of the robot to your computer and put them into the right folders of your MT4. Learn how to install and run EA on MT4 and trade with iProfit EA without problems.
iProfit is an expert advisor (EA) powered by a self-contained, self-learning Neural Network (NN) algorithm. The strategy is not to out smart the markets but to keep generating small gains while keeping losses low - This is the strategy followed by major HFT trading algos which make thousands of trades on smaller time frame using extremely high computing power, speed and low transaction costs. iProfit adapts HFT strategy to deliver a practical and profitable system for retail trading accounts running on MT4s.
Statistics
Information about iProfit EA
NEURAL NETWORK ALGO
While most strategies depend on lagging indicators, iProfit is powerd by a Neural Network (NN) algorithm that predicts High/Low of future H1 bars. iProfit EA is based on an self-learning, self-adapting algo which is very robust, practical and profitable for trading any Forex pair.
HOW DOES IT WORK?
iProfit predicts the price range of next H1 bar based on its input of OHLC prices of past 52 hours. The NN model adapts its algo until the success rate of predicton of past few H1 bars is greater than 70% - High/Low prediction is only made available when there is a high probability of success.
WHAT TO EXPECT
iProfit trades pairs which have low/medium/negative correlation to ensure a large number of trading oppurtunities are made available to the system. Win rate of over 60% and a positive risk:reward ratio ensures both short and long term success. Traders can expect to gain about 170 pips/month.
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/high spread, no commission accounts are NOT recommended for trading with iProfit.
Trading Strategy
iProfit HFT is a trading system designed to profit from most market conditions. The startegy is followed typically by professional day traders with many years of experience. 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 52 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 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 next H1 bar(s). Prediction is based on a recursive self-learning algo which has an excellent predictive accuracy of over 70%.
While the NN model is an important part of the strategy, the core of iProfit is 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 core modules are explained in the following diagram for better understanding of trade entry/exit.
Trading Style
iProfit is an ultra short term strategy trading on H1 time frame (every tick). This may not be classified as a scalper. The system has a success rate of 62% average gain size : 25 pip and average loss size is 27 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.
Screenshots of typical trades across various pairs during the same time period 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.
iProfit EA Features
Trading Logic
Self contained neural network system which dynamically adapts to the most recent price action.
Risk:Reward
Positive risk reward with win rate of 60%. Average gains is 25 pips and average loss is 27 pips.
Traded Pairs
Trades pairs with different correlations : EURUSD, EURJPY, XAUUSD, GBPUSD, AUDUSD
Gain Potential
Average Gains of 170 pips/month - At medium risk, monthly equity gains of 3% to 5%.
Drawdown
The maximum drawdown of the strategy is -1000 pips (max equity of 20% at medium risk)
Account Safety
Non Grid/Martingale system. Geometric trade position sizing ensures saftey of funds.
6 Yrs Live Track
Proven consistent performance with six years of MyFxBook verified performance track record.
12 Yrs BactTest
12 year tick data strategy tests. Comparitive results of Live vs Back Test for 6 years.
Purchase includes:
ANNUAL - $375/Year
- Recommended Pairs
(EURUSD, EURJPY, AUDUSD, GBPUSD and XAUUSD) - Two Accounts (Real or Demo).
- All updates/upgrades free during subscription period.
LIFETIME LICENSE - $780
- Recommended Pairs
(EURUSD, EURJPY, AUDUSD, GBPUSD and XAUUSD) - Two Accounts (Real or Demo).
- All updates/upgrades free for lifetime of EA.
Refund Policy
30 day money back guarantee
F.A.Q.
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What is the profit level of the iProfit EA on the real/demo account?
The iProfit EA has been able to reach the profit level of 200.5% during the live/demo trading period. These results are proven by one of the respected third-party companies.
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What is the drawdown level of the iProfit EA on the real/demo account?
The iProfit EA has been able to keep the maximum fixed drawdown level of 22.8% during the live/demo trading period.
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How much does the iProfit EA cost?
The official developer of the iProfit EA has announced the price of the iProfit EA to be $780.