Rock Solid Strategy With Proven Performance

CabEX EA was released to Phibase members in April 2013. Over the years, CabEX has proven to be the most robust, safe and profitable trading strategy available commercially. The EA is 100% automated giving your complete freedom, peace of mind and stress free trading experience.

  • Trading Logic

    CabEX strategy is based on price action near moving averages - The EA identifies potential trends and reversals moves. The strategy is based on golden rules of trading. Non Grid/Non Martingale system. NFA/FIFO compatible.

  • Profitability

    Potential to gain between 40% to 60% per year using recommended risk. CabEX specializes in trading GBPUSD pair which had very good trading price action.

  • Drawdown

    Max drawdown seen in backtests is less than 22% (~1000 pips) over 9 years. The Max drawdown seen in three years live trading is about 15%.

  • Trade Management

    Professionally designed trade management system dynamically manages trades based on strength of price action. Weak trades are cut short and strong trades are allowed to run to maximize gains.

  • Strategy Tests

    High quality Tick Data strategy tests from 2007-2015. Three year real account trades match up perfectly with strategy test results over same period.

  • Win Rate/Risk:Reward

    Positive risk reward of 2:3 with win rate of close to 50%. Long term tests show an average loss size is about 70 pips while average gains is 100 pips.

  • Broker Independent

    The EA can be run on any broker and any account type. Trades will be similar across all brokers. Higher gains on brokers with lower spreads.



CabEX-2013-2016
performance_table

Third Party Real Account Test : ForexGermany.de


Reference Accounts

CabEX EA reference account being run on DarwinEX real account by ForexGermany.de at recommended risk level/default settings.

Third Party Reference Account : ForexGermany.de

Broker : DarwinEX

Start Date : 21st January 2015

Third Party Reference Account : ForexGermany.de

Broker : Alpari UK (Discontinued)

Start Date : April 2013 - Broker suspended trading after SNB Event in January 2014

Trading Strategy

The GBPUSD currency pair involves chaotic price movements, very sharp and unexpected spikes. These are features that are very suitable to employ short term trading strategy that can be very rewarding. The UK economy is the second largest after Germany in the Euro zone. But the pound accounts for less than 15% of daily global trading volume due to which the liquidity on GBPUSD tends to be much lower when compared to EURUSD. This lack of liquidity fuels short term price spikes that makes technical levels fail. The price action involves false break outs, fund movement to clear out stops/pending orders prior to the real deal moves.

In addition to the normal high range noise, the GBP/USD pair is also greatly affected by major US economic data. Volatility on the GBP/USD pair is very abrupt and vicious. The Pound is highly sensitive to rate decision of the Bank of England and other economic factors that affect the GBP/USD pair like the British Consortium shop price index (BRC), retail sales, trade balance, Bank of England MPC minutes and the behemoth interest rate decision by the Bank of England. The price movements are huge and the noise makes it very difficult to design automated systems that can survive this pair.

CabEX is designed to trade GBPUSD on the H1 time frame. The trading strategy is based on elimination of noise by considering only the H1 close for most part of the strategy. Hourly High/Low/Close values are considered for calculating the ranges and trade management. CabEX V2.0 adapts between managing trades based on H1 closing values and HLC values based on the strength of the current price action. This enables the EA to lock in gains while giving trades enough room to reach higher targets. Use of H1 closing values effectively filters away most part of the noise. The strategy is based on price action near moving averages - The EA identifies potential trends and reversals moves. Protective SL is placed on the server side at 120 pips and TP is set at 500 pips. These levels are very rarely allowed to be touched. The EA uses a hidden stoploss at 60 pips. Close below the hidden SL will close the trade. The hidden TP is at 300 pips. The EA has a very dynamic trailing SL system which moves the hidden SL to breakeven when the gain is above 50 pips. When the trade gains 100 pips, the hidden TSL is set to 50 pips. The levels are adjusted for every 50 pips. The EA attempts to give maximum space for the trade to work its way towards higher gains and attain a risk:reward of 1:1.5 - This is very important part of the strategy.

You can watch the trading video below to see how the EA trades.

CabEX EA Licensing Options


CabEX EA is available as yearly subscription or three years subscription.

CabEX Annual
Subscription License

$540 /year

  • 2 real accounts
  • 2 demo accounts
  • Lower Start Up Cost

CabEX Three Year
Subscription License

US$ 1450 /3 years

  • 2 real accounts
  • 2 demo accounts
  • Economical over long term.


Get Instant Access to CabEX EA

Your Payment processed securely by AvanGate. You can start trading immediately after registering you account through Email. (Validation within in 6 hours of registering account numbers).

Please register your account numbers through EMAIL (Response time less than 6 hours). Our HelpDesk is available to serve you on all days (02 hours to 20 hours GMT).

Detailed Online User Guide walks you through the simple setup process. The EA is fully automatic - No need to configure or optimize settings.

Our R&D team strives to improve and keep the EA competitive at all times. All CabEX members with valid subscription will receive free updates for the purchased product as soon as a newer version is released.


No Refund Policy.

We have a standard purchase protection guarantee - Refund can only be claimed in case of Non-Delivery or Non Activation of EA. CabEX EA's performance over short term of 30 days cannot be guaranteed - The EA can be expected to deliver consistent profits on the short and medium term if it is run continuously without manual intervention. If you are not convinced about the strategy, we recommend tracking the EA's live performance for a few months. You can also find a great deal of information at http://cabex.phibase.com/analysis.html - The statistical analysis presented will enable you to understand the trading style of the EA better.

CabEX has a success rate of about 47% when backtested over several years. The EA has shown a worst case drawdown of about 1000 pips on the 9 year tick data backtest and such drawdowns may happen anytime in future also. The EA has the capability to recover strongly from any such drawdown provided the EA is run continuously and without manual intervention. The worst consecutive losing streak was for 8 trades. But the good risk reward ratio of the EA will enable the EA to recover such losses in less than 3-4 trades. The EA will have some losing months - these losses are considered part of the strategy and are not a defect in the program or logic.



Member Testimonials

We have had an amazing journey since releasing CabEX in 2013 and have received some awesome testimonials, feedback and suggestions. Here’s the compilation of some of the comments/testimonials we’ve received from reviewers and members.

Administrator

ForexGermany.de

CabEX has been developed and released by PhiBase Technologies in 2013 and the mere fact that it is still around distinguishes it from most of the other EA thrown at the market at the same time.

Administrator

ForexVerified.com

Even for such high price, CabEX is definitely worth its money; it doesn't hedge, it doesn't use martingale or grid trading, and it doesn't scalp.
In one word - perfect, an EA we've been all looking for.

odysseus11

Administrator, DonnaForex.com

It is one of the very few EAs that I personally run and recommend.

MikePipMaker, USA

Sr. Member, DonnaForex Forum

Cabex is rock solid and the best EA out there. its easy on your heart....

G.Liang

Malaysia

I am loving CabEX and RayBOT combo. I think this time you may have hit the jackpot. Well done and keep up the good work.

TradeNow, Germany

VIP Member, DonnaForex Forum

CabEX and RayBOT are doing a beautiful job since started.

B. Cook

USA

Really impressed by your company!

CabEX Strategy Analysis



PhiBase development and technical support teams have conducted various backtests. These results are presented in strategy test reports page and provide members with almost all the basic details required about the EA's historical performance. Many members have requested detailed analysis to be performed in-house. This will be in addition to studies/reviews conducted by independent third party experts.

The PhiBase team will be tracking the live trade performance of CabEX on reference and third part accounts.

A detailed statistical analysis has be presented here after the EA completed 7 months of live trading during the pre-launch phase. The study also presents test results conducted with various parameter alterations and non official internal lab testing results to enable better understanding of the system.

The Strategy Analysis presented below attempts to shed more light into what the member can expect from the EA in terms of future performance. We have also conducted studies of DD/Gain in relation to long term price action. Year wise backtest results have been presented here to provide a clearer picture of what the equity curve looks like in live trading. A trade sets up seen during gaining, flat and losing periods are also presented to help the member know what to expect from live trades.


Equity curve seen on 6 year DukasCopy Tick Data Backtest


Max_Allocation_Per_Trade=6 is considered to be medium risk level. Most traders would find this risk level suitable when they are looking for gains between 50 to 70% per year. The CAGR calculated from the 5 year tick backtest is about 57% pa. The average of annual gain over 13 year period is about 31%. The maximum drawdown may be expected to be about 22% (max DD over 5 year period was 22%). Maximum historical DD in the 13 year test was seen to be close to 35% in 2004. It is safe to assume that this could be the worst possible DD that may happen in future price action - DD above this may indicate strategy failure/Market behavior change and it will be recommended to stop trading the EA. PhiBase will continue monitoring the EA's performance and provide updates with improvements in strategy to keep the EA profitable in the long term.

The logarithmic chart given below makes both drawdown and growth equally proportionate in all periods.

The 30 trade moving average (approximately 4 month period) of the equity is plotted in red. It can be see that the equity manages to stay above this line comfortably. Dips below this line indicates above average drawdowns. We see very few occasions when the equity moves below this average line, but the recover from these dips is fast. CabEX performance will need to be seen with a long term perspective since it is not a frequent trader. The strategy trades the price extremes and congestion zones only. This is not a breakout or trend follower. On an average the EA can be expected to make about 100 trades a year. We may see 2-3 trades on some weeks and there may be some weeks without any trades.

CabEX V2 : Changes implemented in Version 2.0


CabEX EA was under pre-launch phase between May to December, 2013. During these seven months the EA's performance has been monitored and significant improvements have been implemented to the strategy. The original strategy is left unchanged - minor changes to entry and exit triggers have been made.

Changes Implemented in V2 and lab results are presented below :

  • Adaptive Trade Management : The EA will manage trade based on H1 closing values if the price action in the direction of trade is strong. If not, the High/Low value of the previous will be considered for triggering hidden trailing SL levels.

  • Improved Trend/Range recognition algorithm implemented : This enabled improve trades by providing stronger entry levels.

  • Protective Stop Loss (Hard broker side stoploss) set at 120 pips (300 pips in pre-launch version)

  • Hidden Stop Loss set at 60 pips (100 pips in pre-launch version)

  • Strategy tests shows V2 trade management able to handle narrow price actions and volatile periods better.

  • Over all tickdata back test results of V1 and V2 look similar : A minor increase of 7% gains seen with same max DD of 22%.

  • Result Comparison (V2 - Tick data test and live tests) Dec 2013 to June 2014


    Result Comparison (V2 vs V1 - Tick data test and live tests) 1st May to 22nd November 2013


    CabEX Ea is seen to perform identically across all brokers. The DukasCopy Tick Data test accurately match the Alpari real account test and most other accounts. Trades on AGEA real account match up with other accounts and backtest, but considerable under performance has been seen across all strategies we are testing on this Broker.


    Year Wise Tick Data Back Test Reports (2007 to 2013)


    It is impossible to time the markets or DD periods. At PhiBase we try our best to release any new strategy after a drawdown period is seen in recent period. This had always been our policy, which is an attempt to get members started on a winning phase. Drawdowns are unavoidable, but starting an EA during winning periods gives the member more confidence to face any future drawdown. The most recent DD (about 10%) was seen between February to March, 2013 - The EA has recovered from the DD at the time of release in late April.

    The screen shots below shows a few of the CabEX trades to give an idea as to how the EA trades look like.

    Understanding CabEX Trade Management


    CabEX EA will see the GBPUSD price movement like when you see the chart in Line mode (Not bar/candle stick). This can be seen as simplification of the price action to remove noise. Averaging does not work as a solution since the price movements are very rapid and delayed entries after confirmation do not suit this pair.

    The trade management method is illustrated below (For Long trades - Opposite works for Shorts):

    CabEX manages trades using H1 close. The EA targets gains between 100 to 200 pips on an average. The average of all gains seen in backtests have been about 110 pips. The losses are limited to between 50 to 100 pips in most cases - Average of all losses in backtests is seen to be about 60 pips. The success rate of close to 50% and the good risk/reward ratio makes the strategy profitable.

    Using price to trigger SL/TP/trigger levels will expose the trades to the noise that is commonly seen in GBPUSD. The price action of GBPUSD can very easily move above/below any kind of levels by 30 to 50 pips - these are seen to be order clearing actions and must not be considered to be tradable price movements.

    The following screen shot from our test account shows some of the trades made by CabEX. The last trade has been illustrated here with the details of target levels.

Trading GBPUSD and Future Gain Potential


The table below shows the historical annual gains seen on backtests (2007 to Apr, 2013) conducted with good quality data. The live results are being updated on a monthly basis since May 2013.

performance_table


The above table shows progressively decreasing gains from 2009 to 2012. At first glance this may seem to be a problem and many would discard this strategy as failing. But when we see from a technical perspective, the performance is seen to be logical. The monthly chart with the GBPUSD annual price range and pips gained for the year is given below. It can be seen that gain potential of the strategy is related to the over all range of the pair's price action. Better gains are seen when annual range is seen to be above 1500 or 2000 pips - This has been normally seen with GBPUSD over several years in the past.

2012 has been one of GBPUSD's most narrow range. But this does not mean that the GBPUSD range will continue to narrow down further and die away. While nobody can predict future price action and ranges, Pattern studies provide us with a reasonably reliable means to know what to expect in future in terms of range and price action. The chart below clearly shows why 2012 had a lower range - The price was trapped within a wedge pattern. Price never remains inside any type of pattern for long and always breaks out. GBPUSD Broke out of the wedge pattern with enough strength to open up the trading range. The expected trading range for the next 1-2 years is shown in blue. This is based on new long term support/resistances formed - there is no way we can predict immediate short term ranges. But we feel this opens up possibility for the EA to trade GBPUSD safely with a potential for higher gains going forward.

CabEX is build to sustain most types of price action and capable of surviving most market conditions that can be seen in future. Strategies which have been optimized for trading the past few years will fail when the long term price action changes. CabEX can continue to make reasonable gains even if the price range remains low. If the range expands, the EA will quickly adapt and show greater potential for higher gains. Our gain expectation from CabEX for the year 2013 would be between 30% to 50% using MA 6 (medium risk level) - This is only a expectation and not a prediction. It is based on range widening and also breakout from the wedge pattern formed over a period of 4 years.

Drawdown/Recovery Period Analysis


The chart below show the number of days drawdown was in progress and the number of days required for the EA to recover from the drawdown. The red bars indicate DD period and the green directly above indicates the number of days it took to recover from the lowest Point back to breakeven. The total drawdown period is usually shown as the sum of these two periods. Most traders find the losing period more difficult to handle - So this chart shows the total DD period split in to losing and recovery periods.

As can be seen from the chart, most drawdown periods on historical tests have been less than 50 days long. The strategy had a deeper 1800 pips extended drawdown in 2004.

The recovery from drawdowns is also seen to be reasonably quick, with equity gaining back lost ground within a few days most of the time. From this chart, it should be clear that the EA's strategy will involve drawdown periods that may last between 1 to 2 months on an average. In some cases, the drawdowns may extend upto 5 months. DD phases are an unavoidable and an accepted part of any strategy. It is very important to continue running the EA since recovery will follow at any time.

The chart below is a study conducted to correlate above average DD to the long term price action seen on the monthly time frame (2000 to 2013). Green fills indicate periods where the EA was gaining (ignoring small and below average DD). The periods filled in red indicate the DD phases along with price pattern observed during those periods.

It can be clearly seen that the CabEX strategy DD are usually seen when there is a major shift in price movement. For example, long term trend to long term ranged movement. The EA adapts to the change and continues to profit again. It would not be possible to time markets based on DD seen in equity. As with any other trading system, CabEX EA should be traded without manual intervention/interruption to enable the strategy to work.


Strategy Test Reports

Backtests conducted by Phibase are of very high quality (99%). Even more important is the fact that there are no curve fitting or cheat codes. CabEX backtests are meant to show how the strategy would have performed in past - suppose you had started trading it live since 2011. These tests will enable you to know the potential of how much the strategy can gain in a month or a year. It will also give you an idea as to how much drawdown is normal. All strategy tests have been conducted using high quality dukascopy tick data (every tick) with a fixed spread of 2 pips.


6 Year DukasCopy Tick Data Back Test - Fixed_LotSize=0.1 (No Money Management)


Fixed Lots can be used in case the traders portfolio is made up of several EA's and the gains are always withdrawn on a monthly basis. This test is also useful to study the equity curve without the effect of compounding hiding drawdowns. Any value set in Max_Allocation_Per_Trade parameter is ignored when Fixed lot size is set to greater than Zero.

Max_Allocation_Per_Trade=6; Fixed_LotSize=0.1; Protective_TP=500; Protective_SL=120; TP=300; SL=60; TL1=50; TSL1=0; TL2=100; TSL2=50; TL3=150; TSL3=100; TL4=200; TSL4=150; TL5=250; TSL5=200 (and all other custom parameters - unchanged)


Click here for the MyFxBook Strategy Report

Click Here to download complete MT4 Strategy Tester Report of this test


6 Year Dukas Copy Tick Data Back Test - Parameters : Recommended-Default
Max Allocation: 6 (Medium Risk)


It is recommended to run CabEX EA using the default settings.

Max_Allocation_Per_Trade=6;Fixed_LotSize=0; Protective_TP=500; Protective_SL=120; TP=300; SL=60; TL1=50; TSL1=0; TL2=100; TSL2=50; TL3=150; TSL3=100; TL4=200; TSL4=150; TL5=250; TSL5=200 (and all other custom parameters - unchanged)


Click here for the MyFxBook Strategy Report

Click Here to download complete MT4 Strategy Tester Report of this test

Max_Allocation_Per_Trade=6 is considered to be medium risk level. Most traders would find this risk level suitable when they are looking for gains between 50 to 70% per year. The CAGR calculated from the 5 year tick backtest is about 57% pa. The average of annual gain over 13 year period is about 31%. The maximum drawdown may be expected to be about 22% (max DD over 5 year period was 22%). Maximum historical DD in the 13 year test was seen to be close to 35% in 2004. It is safe to assume that this could be the worst possible DD that may happen in future price action - DD above this may indicate strategy failure/Market behavior change and it will be recommended to stop trading the EA. PhiBase will continue monitoring the EA's performance and provide updates with improvements in strategy to keep the EA profitable in the long term.


6 Year Dukas Copy Tick Data Back Test - Parameters : Recommended-Default
Max Allocation: 4 (Low Risk)


Max_Allocation_Per_Trade=4;Fixed_LotSize=0; Protective_TP=500; Protective_SL=120; TP=300; SL=60; TL1=50; TSL1=0; TL2=100; TSL2=50; TL3=150; TSL3=100; TL4=200; TSL4=150; TL5=250; TSL5=200 (and all other custom parameters - unchanged)


Click Here to download complete MT4 Strategy Tester Report of this test

Max_Allocation_Per_Trade=4 is considered to be Low risk level. Traders would find this risk level suitable when they are looking for gains between 20 to 40% per year. The CAGR calculated from the 5 year tick backtest is about 33% pa (max DD over 5 year period was 15%). It is safe to assume that this could be worst possible DD of about 25% may happen in future price action - DD above this may indicate strategy failure/Market behavior change and it will be recommended to stop trading the EA.


6 Year Dukas Copy Tick Data Back Test - Parameters : Recommended-Default
Max Allocation: 8 (Very High Risk)


Max_Allocation_Per_Trade=8;Fixed_LotSize=0; Protective_TP=500; Protective_SL=120; TP=300; SL=60; TL1=50; TSL1=0; TL2=100; TSL2=50; TL3=150; TSL3=100; TL4=200; TSL4=150; TL5=250; TSL5=200 (and all other custom parameters - unchanged)


Click Here to download complete MT4 Strategy Tester Report of this test

Max_Allocation_Per_Trade=8 is considered to be Very High risk level. Traders would find this risk level suitable when they are looking for gains between 60 to 100% per year. The CAGR calculated from the 5 year tick backtest is about 80% pa (max DD over 5 year period was 28%). It is safe to assume that this could be worst possible DD of about 50% may happen in future price action - DD above this may indicate strategy failure/Market behavior change and it will be recommended to stop trading the EA.


13 Year Back Test - Conducted on metaquotes data


The 13 year backtest was conducted on MetaQuotes data. The data consists of gaps and is considered of very low quality.

Max_Allocation_Per_Trade=6; Fixed_LotSize=0.1; Protective_TP=500; Protective_SL=120; TP=300; SL=60; TL1=50; TSL1=0; TL2=100; TSL2=50; TL3=150; TSL3=100; TL4=200; TSL4=150; TL5=250; TSL5=200 (and all other custom parameters - unchanged)


Click Here to download complete MT4 Strategy Tester Report of this test


13 Year Back Test (Fixed Lot Size) - Conducted on metaquotes data


The 13 year backtest was conducted on MetaQuotes data. The data consists of gaps and is considered of very low quality.

Max_Allocation_Per_Trade=6;Fixed_LotSize=0; Protective_TP=500; Protective_SL=120; TP=300; SL=60; TL1=50; TSL1=0; TL2=100; TSL2=50; TL3=150; TSL3=100; TL4=200; TSL4=150; TL5=250; TSL5=200 (and all other custom parameters - unchanged)


Click Here to download complete MT4 Strategy Tester Report of this test


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