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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

tsmorek
Apr 03 2014 at 06:14
2 posts
Hi All,

My platform was updated to version build 625 and my sphantom stopped working.

I still can attached EA to the chart but don't see anymore info about connection and account verification.

Does any of you have similar problems with build 625?

Thanks for any feedback and help.

corre71
Apr 03 2014 at 08:57
256 posts
Silverthorn posted:
@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.


Silverthorne, we are saying almost the same things! Maybe also for my bad english, u have missed the most important parts of my previous posts! As i have stated many times before, my inly goal is to warn new users on the risk involved on this trategy (S-Phantom website does not do it). Following an extract from thei website:
Welcome to sPhantom Forex Expert Advisor
The new opportunity for your success in the Forex Market

As a group of experienced Forex traders we know that for most of investors even when they have a good plan it's hard to control their emotions and make the right decision at the right time.

Now with help of MQL and MetaTrader 4 we have created an automated system which does all the steps for you so you can easily control your investment without any direct involvement.

We have a group of live analysts, in addition to our advanced market watcher software, who will deliver safe signals to the trader's account. It's completely an automatic process and there is no need for trader involvement, intervention or time commitment.

sPhantom is compatible with all accounts types including ECN or Non ECN accounts. It doesn't use a hedge strategy, so it can be used by all US or Non US clients.

Here is the live real test of sPhantom Expert Advisor.

So, S-Phantom is not what i was supposed to be!

All we know that S-Phantom is a Ganbling Bot: u make a bet that before the next margin call u will have earned some money!
The problem is that u don't know when this event will happen!

Now, please, go to read the websites of other Gambling bots: Forex warrior, Forex cantata anf Grid Me up FX! They clearly states the risks involved in their strategy!

Now, i am not saying that S-Phantom with manual intervention cannot be profitable, i am only remarking excatly what u are also saying, that it is very risky! Also i am adding that for most of the people it will be an account burner, because u know that in thousands people here following this thread not more than 10 will be able to deal with this beast (also if everyone is thinking to be next W.D Gann). I am also dealing with it, but with different approach using it as a night scalper!

As for the profitability, i want to demonstarte with facts that S-Phantom is not a so ggod pips machine: please, read the attachments and u will see that with a crap i have found on the web i have 50% more pips than S-Phantom in the same period (As for the grid strategy, the attchments are 2 because i have started to use it first on an ECN demo account, after on a demo account from the same broker when next i will run it live)!

As for the risk of my strategy i cannot agree that with a similar lot size i will have the same risk of S-Phantom! The account is public and u can see that the monthly (read good, monthly not yearly) gain is 4 time bigger of the maximum DD! I am not saying that for sure will be profitable for the end of the year (noone can predict the future), but the strategy, and not only the MM, is more stable (it has a logic that does not wait always for the S/L or the T/P to be hit to get out of a trade). Also the EA runs 24H/day with no manual intervention and also do not need to be switched OFF for major news!

P.S: now i am on 26 winning streak and + 666 pips in 6 weeks (also in my tests in demo on USDCAd in 1 month i had not 1 single loss)!

So, i am only saying that only few people can manually deal with S-Phantom (most of the people will have even worster results)! And also that everyone think to be Robert Prechter!

Again green pips to all and thanks for ur attention (and excuses for my bad english)!!!!😀

Attachments:


Running only Expert advisors with good long term backtests and nice forward tests
FXWorkz (Silverthorn)
Apr 03 2014 at 14:27
268 posts
I'm not even going to try any more. Forget pips. You can't spend pips. You need money to buy things. Stop focusing on pips and start focusing on your equity and return on investment. You'll make a lot more money that way and you can spend that stuff!!

Does this make sense.

What would you rather have

1 trade of 1 lot with 10 pips profit for a total gain of 10 pips
10 trades with .01 lots with 10 pips profit for a total gain of 100 pips

I'll take the 10 pips thanks.

You can't spend open trades.
FXWorkz (Silverthorn)
Apr 03 2014 at 14:28
268 posts
tsmorek posted:
Hi All,

My platform was updated to version build 625 and my sphantom stopped working.

I still can attached EA to the chart but don't see anymore info about connection and account verification.

Does any of you have similar problems with build 625?

Thanks for any feedback and help.


You didn't drop it on a chart with a white background did you? The text is set to white and only shows on a dark background.

You can't spend open trades.
corre71
Apr 03 2014 at 14:46
256 posts
Silverthorn posted:
I'm not even going to try any more. Forget pips. You can't spend pips. You need money to buy things. Stop focusing on pips and start focusing on your equity and return on investment. You'll make a lot more money that way and you can spend that stuff!!

Does this make sense.

What would you rather have

1 trade of 1 lot with 10 pips profit for a total gain of 10 pips
10 trades with .01 lots with 10 pips profit for a total gain of 100 pips

I'll take the 10 pips thanks.

My friend, be sure i know i need money to buy stuff, i am 43 yo and not living of air!!
Lot size must be commisured to the balance to have a safe MM!And this is not my opinion! So u can trade 1 full lot if u have enough balance, if not u will loose ur money, and u know! Anyway, the world is nice because everyone is free to take his decisions! Only time will say who is right! In the meantime i am showing publicly a real account with full stats, and i think are not so bad! Not sure it will be so nice forever, but at least now i am showing some facts!😁 Soon more accounts will be added (most with real money)! Do u agree? I do not see on ur page no one sytem! Pls, show us ur stats and let see ur equity curve! So ur words will be reinforced by facts!

Running only Expert advisors with good long term backtests and nice forward tests
FXWorkz (Silverthorn)
Apr 03 2014 at 17:39
268 posts
Sorry can't help you there. I don't have a single account linked to MFB. Don't see the point. This is not a pissing match it's how I earn my living.

Just try to be constructive and help where possible. Stop calling everything you don't understand a scrap (what ever that means) and stop beating your chest.

What's the point of repeating over and over how you warned everybody what a scrap this EA and how successful your EA is? It helps nobody. We can all see the history, you haven't offered to give everybody a copy of your EA.... So why do it. Does it make you feel important?

Go for your life. Chase pips and be happy!! :)

You can't spend open trades.
corre71
Apr 03 2014 at 17:50
256 posts
Only words, but no fatcs at all! Exact as how i was thinking (and at the end the usual esclamation that i am not constructive)! As all can see i am very constructive, and created a system showing it publicly! Also suggested some alternative strategies! And u are constructive speaking about phantomatic backtests and gains of money! At words we are all W.D. Gann, but most are kids playing with daddy's money! Grow up and when u speak u must be ready to show fatcs! Good evening!😎

Running only Expert advisors with good long term backtests and nice forward tests
FXWorkz (Silverthorn)
Apr 03 2014 at 21:04
268 posts
Thanks for that. Now Please stop..

You can't spend open trades.
Pere
Apr 03 2014 at 21:30
23 posts
Do any of the wiser heads on this forum have a view on the fact that the last 7/8 trades have been buy trades. Not sure if this is a coincidence or a bug in the system, Just a thought.

FXWorkz (Silverthorn)
Apr 04 2014 at 00:21
268 posts
More likely the answer is found if you have a look at a daily or weekly. Price has been sitting at or near a long term trend line for two weeks now and it's bouncing around on a support level from early 2013 and if it respects it, it should take off soon. It's most likely they are following the overall long term trend, believe it has bottomed and are expecting a breakout.

You can't spend open trades.
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