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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

Ilyes Negadi (Ilyezz)
Apr 01 2014 at 16:14
28 posts
Michigander posted:
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.


very well said!

pilotas
Apr 02 2014 at 07:42
58 posts
corre71
Apr 02 2014 at 08:01
256 posts
I am happy that i think everyone have had the possibility to get out from this bad trade with no losses (or slight losses)! I can see that everyone have his strategy to fix the poor MM of this Scrap! But i want to warn the thousands traders who do not own a license of this Scrap, to not buy it: we are making these 'improvement' (everyone in his way) only becasuse we already have this, but 1 thing is sure, this scrap will be not very prfoitable in the long run (a scalper that keep a position for 1 week is a nightmare), and also if will earn pips in the medium term, the risk will be so high that i don't know if it will have a good risk/reward ratio. I run only EA where R/R is good, at least 1.5!
These are only personal opinions and for sure some will not agree!
In the meantime in my bigger real account (i run S-Crappy on a smaller account) in 1 week (the same timer needed by Scrappy to close this basket) 51 trades with + 291.2 pips!
Not bad at all!
Green pips to all!😀

Attachments:


Running only Expert advisors with good long term backtests and nice forward tests
BassemKattan
Apr 02 2014 at 10:52
12 posts
Ken Grakauskas (Michigander)
Apr 02 2014 at 15:22
321 posts
corre71 posted:t 1 thing is sure, this scrap will be not very profitable in the long run (a scalper that keep a position for 1 week is a nightmare), ]


Not complety defending Sp here, but you do need to pick your battles. While having a trade open this long is infrequent, they do happen. I would encourage everyone to download the trade history in a .csv format, open it in excel and look at what you are trading.


Attachments:


War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
corre71
Apr 02 2014 at 16:25
256 posts
Michigander posted:
corre71 posted:t 1 thing is sure, this scrap will be not very profitable in the long run (a scalper that keep a position for 1 week is a nightmare), ]


Not complety defending Sp here, but you do need to pick your battles. While having a trade open this long is infrequent, they do happen. I would encourage everyone to download the trade history in a .csv format, open it in excel and look at what you are trading.



Dear Ken, i am happy that now we are able to speak in a kind way! I am not involved in any battle, only posting to avoid other people buy this so called 'EA'. I think noone can defend S-Phantom because the vendor disappeared with our money leaving us alone, and everyone deciding how to try to fix this 'EA'!
I appreciate your analytics capabilities, but u must admit that that S-phantom has the risks of a Grid-Martingale Strategy, but not the pips! For the target it has (12 pips) it must be considered a 'Non aggressive scalper' but it's not! As you know, when u run a Grid-martingale Strategy (or other high risk strategies) you have an advantage and a disadvantage: the advantage is that the System generate a lot of pips and, excluding few periods od deep DD, is almost steady in generate profit! The disadvantage is that since the strategy is risky, if u don't want to burn the account and have a safe MM, u must use a small lot size! Do u agree?
Here u have a risky strategy, but not the pips! I have found a scrap on the web of a grid strategy, modifed by me is running on a demo account and made in few more than 2 months more than 1.500 pips! waitng for a DD period and will go live and will send you the link to myfxbook account to check i am not only speaking!
The problem that S-Phantom need time to close a trade has a direct impact on his profitability: as i have showed you in a statement few posts ago i have in the meantime closed + 291 pips, while S-P was struggling in the last trade!
Also, as i have posted before, is not so difficult to reach with the right strategy few pips gains!
Following the link to my real account running from 19/02/2014 my strategy FX Pride! It's a real account and uses a custom start date because on this account, after a good starting with my manul trading on a mine heiken hashi system, i was fooled by the Elliottician strategies of EWI and the Wyckoffian Theory of the VSA scraps! The account was supposed to be closed, but after i decided to use it for my new strategy! As you can see the start is not bad at all! It works very good on EU and on GU is still in testing phase (also if it is in a live account, because i do not rely on BT). Maybe GU strategy will be removed! Soon will be added USDCAD! The strategy is not optimized because since i have a day job i do not have the time! As you can see only this afternoon i have closed 6 profitable trades on Gu and i am on a 20 winning streak!

FX Pride:

https://www.myfxbook.com/members/corre71/activtrades-classic-fx-pride/869744

Running only Expert advisors with good long term backtests and nice forward tests
frankv65
Apr 02 2014 at 18:40
2 posts
damn, my trade is still open...

FXWorkz (Silverthorn)
Apr 02 2014 at 22:23
268 posts
@corre71 I think you're still missing the point here.


It is exactly what it is. A HIGHLY risky HIGHLY leveraged animal.

Nobody is trying to argue that sPhantom is not a very high risk EA. I obtained sPhantom AFTER the last draw down exactly BECAUSE of all the things you continue to complain about. At the same time you started FX Pride.

I margin called on this trade taking out about 60% of the account balance but not before withdrawing the initial deposit immediately the account had doubled the previous week. That means I lost 60% of the PROFIT I had made. I am still up 40% over all in a little over a month with my initial investment 100% protected and only my 40% profit at risk. I won't touch it again now until it has made 150% profit on it's current balance (6 to 8 weeks by current performance) when it will again have doubled the initial deposit amount. Then I will start withdrawing 25% each time it doubles leaving the remaining 25% to compound.

It will margin call again.... I know that for a fact. No argument there. But my investment capital is safe and my first true profit withdrawal will be locked away in a month or two. If you don't blindly cross your fingers and hope, you can make a very good return with this EA.

Ken is using stop losses and hedging to manage the risk when it gets out of control. I adopted a different approach where I have run it with a risk setting of 50 and withdraw capital regularly.

Point is. Yes sPhantom will blow your account if you set and forget. We know.
All EAs I have ever come across will do that if you just set and forget, some quickly, some slowly but eventually they all will.

Point is while you continue to write sPhantom off and complain about it there are those who are using it successfully. Ken has gone to great lengths to assist anybody who cares to listen with developing a method of managing the risk involved.

Try this... Turn up the risk on your EA to the point where it will double your account in a month then let us know when it blows up. At the same time turn the risk on sPhantom down to 5 so it will return 17% in a month and let us know what the results are........

It really is that simple. If you don't have a plan to deal with the draw downs reduce the risk.

Try a risk setting on sPhantom that gives you the same lot sizing as your EA and let me know what you get on a trade by trade basis. I'm guessing with lot sizing equivalent to your EA and sPhantom will get very similar results.

You can't spend open trades.
Darren T (Darren2013T)
Apr 03 2014 at 00:50
80 posts
frankv65 posted:
damn, my trade is still open...


This trade will be a winning if no major news, from the view of technical analysis.

wmoody
Apr 03 2014 at 06:14
26 posts
frankv65 posted:
damn, my trade is still open...


Mine to buddy. Extremely frustrating when I look at how close it got.

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