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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

BassemKattan
Mar 31 2014 at 12:23
12 posts
forexpipcatcha
Mar 31 2014 at 12:32
325 posts
BassemKattan
Mar 31 2014 at 14:13
12 posts
it has broken above the ichimoku cloud...hope is there....

Brendan (Brendan777)
Mar 31 2014 at 19:50
101 posts
A hint for you newbie SP users, sometimes when facing deep DD, you need to set your own level 3, 4, 5, and etc. for retracements (SP only sets 2 levels, woefully inadequate). That's how I got out of the current mess, and probably the same way Ken did it.

Mouradh
Mar 31 2014 at 20:19
16 posts
So what good is it? Many free grid traders are available that can do much better than this, and they're fully automated

corre71
Mar 31 2014 at 20:41
256 posts
In S-phantom i see the risk involved in a grid system but not the pips! With 99 usd u can buy version 4 of Night channel trading, which delivers at least 1000 pips per year, and of course u will have support and a fully automated system with a real MM! Or u can use one of the hundreds free grid systems! I am using 1 of them and earned in demo in 2 months about 800 pips! Unfortunately i have a license of this and will run it at the way i have earlier posted!

Running only Expert advisors with good long term backtests and nice forward tests
Mouradh
Mar 31 2014 at 21:48
16 posts
I guess we all try to make use of the money we pay in a way or another, less experienced traders won't even be able to chose the right entries to lay recovery trades, otherwise they would be doing it manually.
The main problem, we use minimum lots in grid trading [even without martingale] to overcome the peak of the swing, and they trade like hell with hundreds of pips each month, but as you said, with Sphantom, people trading 0.1 and 0.2 lots on 1k accounts, and if they traded 0.01 lots, the EA would be useless for 10 pips per 1 or 2 trades.

EDIT: I forgot to mention, that other grid traders are multi-currency, and so your risk is diversified if the EA pays attention to correlation issues, but grid trading one currency carries a lot of risk!

Ken Grakauskas (Michigander)
Apr 01 2014 at 00:24
321 posts
Brendan777 posted: A hint for you newbie SP users, sometimes when facing deep DD, you need to set your own level 3, 4, 5, and etc. for retracements (SP only sets 2 levels, woefully inadequate). That's how I got out of the current mess, and probably the same way Ken did it.


I have become much more proactive in managing SP’s losing trades. I am using a 105 pip stop loss on each trade and I am adding another trade every 30 pips after Sp put its second trade on. I did get stopped out of the first two trades. The second trade did not hit the stop, but the stopreset_pw ea took me out at 80 pips for some reason. I have switched over to the Swiss Army Knife for stop loss management now. I hope it performs better. I was 6 trades deep by the time price turned. It was interesting to watch as Empire Robot took the exact same trade, but it put its first trade on a little after Sp took its second trade. I was 6 deep on Sp and 5 deep on Empire. I was trading 1.67 lots per trade on Sp, so Friday, I got hit with a $3,300 loss. Monday, the remaining 4 trades closed at a $2,785 profit. So I lost 515 bucks on this excursion. Had that second trade not been closed by mistake, I would have made 900 bucks.

Every time you take a trade, you risk a 250 pip loss on one trade and, on a pair of trades, you risk about 470 pips. If you size your trades properly, and carry a reasonable stop loss (proven through the examination of trades, and not just some number pulled out of your ass because it just feels right) you can afford to put on more trades manually, every 30 pips, and have no more exposure than what you have using their default stops on two trades. Now, you can bitch and moan about automation, hands free, blah, blah, blah, but I have never had an EA that I have not had to intervene on at one point or another. Like it or not, this is not growing a garden, its balancing a baseball bat on your nose. I manually compound my trade sizes after every trade, and I will manually adjust every trade that goes south on me. It really is a small price to pay one every couple months.

For the most part, Sp’s trades are in and out pretty quickly. For those occasional ones that don’t, once the second trade opens, I put limit orders another 4 trades deep every 30 pips. That’s’ it. Now you’re in monitoring mode. When price turns, you can close out the trades for a profit and cancel your remaining limit orders.

If you don’t understand trade sizing, you need to. If a 1,000 pip SL scares you more than 100 pip stop loss, then you do not understand trade sizing. Trade sizing brings all Stop Losses into equality. Size your trade and you will not lose any more on a 1,000 pip stop than a 100 pip stop. Sp is still drawn down 4/5ths of their big hit. With proper trade sizing, you would have already broken out to new equity highs since that draw down. You will not make as much as them on a percentage basis, but your returns will be very good and more consistent. It’s the difference between being successful and finding ever new and inventive ways to offer what you bought to the lowest bidder (read bitching).

I cannot stress enough, the importance of running multiple EA’s. While you care about what each account does, you care more about what your portfolio does, and if it’s all in one account, that ain’t good for the portfolio. Last week, even with the $3,300 hit on Sp, I closed the week out with only a 43 dollar loss. Tonight, now that everything has closed on Sp and Empire, along with my other systems, I’m up 6 grand since the market reopened yesterday.

War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
FXWorkz (Silverthorn)
Apr 01 2014 at 00:34
268 posts
Michigander posted:

Like it or not, this is not growing a garden, its balancing a baseball bat on your nose.

If you don’t understand trade sizing, you need to.

I cannot stress enough, the importance of running multiple EA’s. While you care about what each account does, you care more about what your portfolio does, and if it’s all in one account, that ain’t good for the portfolio.



Well said Ken!!!

The most important statements ever made on MFB!!!

Read it, read it again and make it your mantra. Every EA fails. EA trading is ALL about Diversification, Risk Mitigation and Money Management at a portfolio level.

It is not EVER set and forget.

You can't spend open trades.
R3DWiNG
Apr 01 2014 at 07:59
85 posts

I cannot stress enough, the importance of running multiple EA’s. While you care about what each account does, you care more about what your portfolio does, and if it’s all in one account, that ain’t good for the portfolio. Last week, even with the $3,300 hit on Sp, I closed the week out with only a 43 dollar loss. Tonight, now that everything has closed on Sp and Empire, along with my other systems, I’m up 6 grand since the market reopened yesterday.

Have u analyzed how they exited last time. before a major event?

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