To use chat, please login.
Back to contacts

sPhantom Auto Trader (By sPhantom Auto Trader )

Gain : +694.0%
Drawdown 91.94%
Pips: 1266.4
Trades 261
Won:
Lost:
Type: Real
Leverage: 1:400
Trading: Automated

sPhantom Auto Trader Discussion

jiang
Feb 27 2014 at 14:15
36 posts
gombosg posted:
Did it happen to anyone else that the first trade closed in profit?
I have Pepperstone. ForexFactory records show an open of 1.3685, mine was opened at 1.3684 and closed at 1.3695 (just barely made it). The second trade was not opened.

Maybe the second trades are opened locally? Or the server sends a signal that this would be a second trade, so the client only opens it if there is already one opened?

The idea of a second trade seems less and less legit for me. It has no context, just entering randomly? (I know, it just closed while I was writing this, but we all know what could happen during red news.)


Different broker have different ticks. If you want to have the same ticks with sphantom ,the same broker(IBFX AU) is better.

jiang
Feb 27 2014 at 14:16
36 posts
enicolasgomez posted:
Still don't get what's the second trade about. It looks like when a position has gone -25 PIps away, opens a position in the same direction.

Can anybody tell me what is it about, please? Is this EA assuming that MAE is around 25 Pips and after that it should bounce back to positive levels?

Just like the grid trading with 2 levels

corre71
Feb 27 2014 at 14:19
256 posts
It is not always at -25 pips the 2nd position! sometimes more (-50 and more)! I have bought this (let's call it)EA (and it is my worts deal ever), but u can find a lot of free EA better than this, with news filter, adaptive t/p and s/l and time filters (u can also choose how many trades to open in the same direction, the step and other stuff. Just google and u will find!😉

Running only Expert advisors with good long term backtests and nice forward tests
Darren T (Darren2013T)
Feb 27 2014 at 14:19
80 posts
Yeah. Nothing special for 2nd position, it is just the grid. Just like today, i am not sure why they enter 2nd position so early, as there was no divergence yet.

Ken Grakauskas (Michigander)
Feb 27 2014 at 14:32
321 posts
I see a lot of guessing going on as to where one should place a revised stop loss. When you download the historical trades in a .csv, it provides you the draw down of each trade as well as the end result of the trade, both in pips. With this information, you can begin to get your arms around where a reasonable stop loss should be.

I've attached a spread sheet that reviews stop losses set in 5 point increments from 60 to 135 pips. There is a sweet spot somewhere between limiting your losses and allowing the trade to work. Columns A & B reflect the historical results of sPhantom performance. It is not in historical order. Rather, the data is sorted from the largest loss to the largest win. I am not trying to develop a running equity curve here, but just trying to see where the stops should be based on all current available data. At the bottom of each column, it reflects the win/loss ration of the stop selection, as well as the uncompounded rate of return of the historical period as well as the annualized rate of return. There are three variables at the top that will allow you to customize it for your portfolio size and risk appetite. Base on your risk setting and portfolio size, each stop loss shows the lot size to be traded for that setting.

Based on what I think I am seeing, the proper stop loss is 105 pips. Using a 5% per trade portfolio risk, this yields and annualized return of 68%. You can theoretically squeeze out a couple more percent by increasing the stops to 135 pips, but I don’t think it’s worth it. This is, after all , horseshoes and hand grenades as past results are not reflective of future returns. The data is better than nothing though. Boosting your risk to 7 ½% of portfolio will theoretically get you 100% annualized returns. These rates are no compounded. Letting the money ride and increasing the lot sizes as you equity grow will improve your results. This may be a reasonable think to do now that you've exposed to a death by a thousand cuts rather than the black swan events.

Before anyone starts “constructively criticizing” (read screaming) that they can’t live with a 105 pip stop loss, remember that the larger the loss that you are willing to accept, the smaller the lot size you are allowed to trade. If you accept a 5% portfolio risk on each trade, You are risking 5% and that’s all. The higher the stop in pips, the smaller the lost size you get to trade. When you lose, you lose 5%. Now, it’s a matter of how often.

I will update this every 6 months or so to see if adjustments need to be made. I will ask sPhantom to make me a custom EA with a 105 pip stop. Given there stellar response times, I may get that next year. For the time being, I will implement the adjusting EA.

If you like this, and you can, give me vouch, eh?

Attachments:


War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
gombosg
Feb 27 2014 at 14:49
22 posts
enicolasgomez posted:
Still don't get what's the second trade about. It looks like when a position has gone -25 PIps away, opens a position in the same direction.

Can anybody tell me what is it about, please? Is this EA assuming that MAE is around 25 Pips and after that it should bounce back to positive levels?


I'm afraid that this is a gambling thing. We don't want that. Either you have to watch the trades closely and close the second one as soon as it opens, or maybe set a tight SL for the original one. I don't know, but AFAIK you wouldn't do this in manual trading.

gombosg
Feb 27 2014 at 14:55
22 posts
Michigander posted:
I see a lot of guessing going on as to where one should place a revised stop loss. When you download the historical trades in a .csv, it provides you the draw down of each trade as well as the end result of the trade, both in pips. With this information, you can begin to get your arms around where a reasonable stop loss should be.

I've attached a spread sheet [...]
If you like this, and you can, give me vouch, eh?


+1, definitely! :)

I have asked for a custom EA like three weeks ago, no response since then. The product is still for sale, so I wonder if there is support response for questions other than a custom version...

So, you can still use my EA or the Swiss Army one.

EDIT: the best would be if we could adjust the TP as well, but that is a lot harder since we only have drawdown data and no drawup data. :o)

corre71
Feb 27 2014 at 15:00
256 posts
The support never replies! Replies only to Avangate when someone ask for refund to refuse it! And it is right, it's only gambling here!

Running only Expert advisors with good long term backtests and nice forward tests
Darren T (Darren2013T)
Feb 27 2014 at 15:00
80 posts
gombosg posted:
I have asked for a custom EA like three weeks ago, no response since then. The product is still for sale, so I wonder if there is support response for questions other than a custom version...


I have the custom EA, and i am using it now for 60 pips SL. But i am not sure i can send you ? Maybe the custom EA can only be used for the particular person.

arya
forex_trader_[12567]
Feb 27 2014 at 15:31
276 posts
aryaforex posted:
Darren2013T posted:
forexpipcatcha posted:
two trades in ... anyone panicking? lol


I got one position only and it was already closed for 10 pips profit.

However, i don't think it is good to long, too early.


I got different too.
open price 1.36851 already closed for 10 pips profit while sphantom still open.
open price 1.36599 was not copied in my broker. open it manual :D


bing-go... last two closed trade:
open price 1.36851 already closed for 10 pips profit while sphantom still open.
open price 1.36599 was not copied in my broker. then i opened it manual and i've got 25 pips.
while sphantom, only got +15 and -10 pips :)

Please login to comment .