sPhantom Auto Trader Discussion

Is anyone here who has changed his MT4 account no after first activation - I mean, can you move the EA to a different broker/account later on?

forexulf posted:
Is anyone here who has changed his MT4 account no after first activation - I mean, can you move the EA to a different broker/account later on?

Yeah, on the website it lets you change the Account# if needed, just 1 account number per sPhantom licence though.

Michigander posted:
sPhantom;

Just out off curiosity, do you ever put on more than two trades at once? If so, what is the max number of trades you could put on?

@Michigander

Max number of open positions is 2.

Good,range market save sPhantom again. This time the max dropdown is about -40%,so risk management is important.

@sPhantom

i sent an email this morning for major info about your program
i m novice of forex

nobody reply to me.... :(

raffus posted:
@sPhantom

i sent an email this morning for major info about your program
i m novice of forex

nobody reply to me.... :(

Dear @raffus

We always answer the emails less than 1 day.

As I checked we have answered your email now.

Thanks for your patient.


Regards

Hello everyone,
I am very interested in this EA, but I'm using two EAs on my account already. Can I also use yours on the same account or would you recommend to open another account and use your EA separately?

Hello, I just want to ask if I can use this EA with other EAs on the same account? I am currently using two EAs on the same account and I was wondering if I put this EA also on the same account, will that cause any problems? Or would you recommend me to open a new account and test this EA separately? Thanks!

I'm using it with 4 other EAs, as they trade rarely each one (and most of the trades are not at the time), I don't suffer any issue.

Well, other EAs will give you idea where trend is going or specifically where sphantom is going.
You could use other EAs with sphantom and just have tighter money management.

@willgart ciao
are you happy of Sphantom??
what other EA are you using if i can ask you?
thanks

raviluke posted:
Hello, I just want to ask if I can use this EA with other EAs on the same account? I am currently using two EAs on the same account and I was wondering if I put this EA also on the same account, will that cause any problems? Or would you recommend me to open a new account and test this EA separately? Thanks!

@raviluke

Hi

You can use sPhantom with other EAs at the same time but you should take care about the EAs risks.


Regards

Hello,

sPhantom expert advisor is best one for me. I use it you can check my account in www.sphantomea.com for compare.

I have this ea running with a different broker (not same as shown in sphontom's account). But result is the same and impressive.
😄

@sPhantom


First thing first congrats to sphantom for a great performance. I'm not a member yet however I'm planning to become one..

I've went over almost all the reviews here, and a feedback that I'm getting is pretty impressive.

1- Sphantom would you please explain how the emergency exit works? Let's assume that we entered short on a hourly chart and right away next candle went 200 pips against us and we r still in a trade what kind of strategy are u using to exit this trade. ( please explain )
I'm not expecting you to reveal your system here, however a little bit of explanation will give us a peace of mind.

2- Being a live account holder for over 5 years, I can say that I have seen enough of this market. And I know that there is no guarantee that we can have a great 2014 like you guys did for 2013 ( excellent return sphantom ). Nothing is build to last forever, like Clint Eastwood once said u want guarantee buy a toaster. I guess my question is this, with having a 250 pips SL for 10 pips return, if we get few bad trades in a row how r we going to survive. ( I know all about money management ) If you have answered the first question in details please do not answer my 2nd question.

3- My broker is ThinkForex now, and I did a little bit of back testing,
  
 11.25.2013 22:13 11.25.2013 23:58 EURUSD Buy 0.28 -250.00 10.00 1.35185 1.35285 10.0 28.00 1h 45m 3.00%

for this trade which was open for 1h 45m, ( I know that candle formation for each broker is different ) on my charts didn't hit 1.35285 LEVEL until the next day 26/ Nov.
 


My question is this, if a trade do not hit a TP with our brokers, will you guys close the trade for us since this is a trade copier system?

If anybody else has any suggestion or comment Please feel free to educate me.

Thank you in advance for your consideration.
 

@sPhantom


First thing first congrats to sphantom for a great performance. I'm not a member yet however I'm planning to become one..

I've went over almost all the reviews here, and a feedback that I'm getting is pretty impressive.

1- Sphantom would you please explain how the emergency exit works? Let's assume that we entered short on a hourly chart and right away next candle went 200 pips against us and we r still in a trade what kind of strategy are u using to exit this trade. ( please explain )
I'm not expecting you to reveal your system here, however little bit of explanation will give us a peace of mind.

2- Being a live account holder for over 5 years, I can say that I have seen enough of this market. And I know that there is no guarantee that we can have a great 2014 like you guys did for 2013 ( excellent return sphantom ). Nothing is build to last forever, like Clint Eastwood once said u want guarantee buy a toaster. I guess my question is this, with having a 250 pips SL for 10 pips return, if we get few bad trade in a row how r we going to survive. ( I know all about money management ) If you have answered the first question in details please do not answer my 2nd question.

thank you in advance for your consideration😁

I have some comments. sPhantom said the EA tries to find a divergence between M15 & M30 and a strong trend on H1. It also checks some conditions on M5 before enter the position.
But if you check records ,you will find some trades last some days. Do you believe a strong trend on H1 can last some days?
If you have study some divergence EAs, you will find it is not easy to set a stoploss position,because they need counter the short-term trend when divergence happen and expect the trend reverse.

So you need understand it is not a risk-free system,and sPhantom avoid news with manual control.How to reduce the disk? You can reduce SL,or take small lots,or make a portfolio with other EAs,or take out some profit monthly.

  

AAST posted:
@sPhantom


First thing first congrats to sphantom for a great performance. I'm not a member yet however I'm planning to become one..

I've went over almost all the reviews here, and a feedback that I'm getting is pretty impressive.

1- Sphantom would you please explain how the emergency exit works? Let's assume that we entered short on a hourly chart and right away next candle went 200 pips against us and we r still in a trade what kind of strategy are u using to exit this trade. ( please explain )
I'm not expecting you to reveal your system here, however a little bit of explanation will give us a peace of mind.

2- Being a live account holder for over 5 years, I can say that I have seen enough of this market. And I know that there is no guarantee that we can have a great 2014 like you guys did for 2013 ( excellent return sphantom ). Nothing is build to last forever, like Clint Eastwood once said u want guarantee buy a toaster. I guess my question is this, with having a 250 pips SL for 10 pips return, if we get few bad trades in a row how r we going to survive. ( I know all about money management ) If you have answered the first question in details please do not answer my 2nd question.

3- My broker is ThinkForex now, and I did a little bit of back testing,
  
 11.25.2013 22:13 11.25.2013 23:58 EURUSD Buy 0.28 -250.00 10.00 1.35185 1.35285 10.0 28.00 1h 45m 3.00%

for this trade which was open for 1h 45m, ( I know that candle formation for each broker is different ) on my charts didn't hit 1.35285 LEVEL until the next day 26/ Nov.
 


My question is this, if a trade do not hit a TP with our brokers, will you guys close the trade for us since this is a trade copier system?

If anybody else has any suggestion or comment Please feel free to educate me.

Thank you in advance for your consideration.
 

@jjang

thank you very much for your comment, it was very helpful.

@sphantom

I would really appreciate if sphantom also share their own opinion on my questions!!

Thanks again

jiang posted:
I have some comments. sPhantom said the EA tries to find a divergence between M15 & M30 and a strong trend on H1. It also checks some conditions on M5 before enter the position.
But if you check records ,you will find some trades last some days. Do you believe a strong trend on H1 can last some days?
If you have study some divergence EAs, you will find it is not easy to set a stoploss position,because they need counter the short-term trend when divergence happen and expect the trend reverse.

So you need understand it is not a risk-free system,and sPhantom avoid news with manual control.How to reduce the disk? You can reduce SL,or take small lots,or make a portfolio with other EAs,or take out some profit monthly.

  

AAST posted:
@sPhantom


First thing first congrats to sphantom for a great performance. I'm not a member yet however I'm planning to become one..

I've went over almost all the reviews here, and a feedback that I'm getting is pretty impressive.

1- Sphantom would you please explain how the emergency exit works? Let's assume that we entered short on a hourly chart and right away next candle went 200 pips against us and we r still in a trade what kind of strategy are u using to exit this trade. ( please explain )
I'm not expecting you to reveal your system here, however a little bit of explanation will give us a peace of mind.

2- Being a live account holder for over 5 years, I can say that I have seen enough of this market. And I know that there is no guarantee that we can have a great 2014 like you guys did for 2013 ( excellent return sphantom ). Nothing is build to last forever, like Clint Eastwood once said u want guarantee buy a toaster. I guess my question is this, with having a 250 pips SL for 10 pips return, if we get few bad trades in a row how r we going to survive. ( I know all about money management ) If you have answered the first question in details please do not answer my 2nd question.

3- My broker is ThinkForex now, and I did a little bit of back testing,
  
 11.25.2013 22:13 11.25.2013 23:58 EURUSD Buy 0.28 -250.00 10.00 1.35185 1.35285 10.0 28.00 1h 45m 3.00%

for this trade which was open for 1h 45m, ( I know that candle formation for each broker is different ) on my charts didn't hit 1.35285 LEVEL until the next day 26/ Nov.
 


My question is this, if a trade do not hit a TP with our brokers, will you guys close the trade for us since this is a trade copier system?

If anybody else has any suggestion or comment Please feel free to educate me.

Thank you in advance for your consideration.
 

Been using sPhantom for several weeks and it's been great. However I experienced a loss last week while the sPhantom account on myFxBook showed a profit. According to sPhantom support this is due to the difference in tick data among different brokers.

This is understandable, but I wanted to make sure that users understand that the gains represented on myFxBook for sPhantom may not necessarily correspond to actual performance on a live account.

This is kind of disappointing as you can't rely on myFxBook data to have a real sense of this EA's profitability.