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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

willgart
Apr 13 2014 at 12:42
588 posts
dhiraj posted:
Hi All,

Beware before you by EA. Buy EA which meets the following criteria.
1. Sharpe Ration >0.3
2. Pip expectancy >5 pips
3. Draw down <20 %
All EAs doing wounder full job crashed account one day due to not meeting above-mentioned criteria. This is a result of testing more than 200 EAs in my FOREX Lab.

Regards,
Dhiraj

Hi,

what's the formula to calculate the expectancy?
I'm working on an EA and with the build 600 we can have a custom tester stats formula.
so its a good idea to put your rule in the ontester section and see how an EA can be optimized to match this.

the only missing point for me is the expectancy formula.

thanks.

jsintl
Apr 13 2014 at 13:58
155 posts
dhiraj posted:
Hi All,

Beware before you by EA. Buy EA which meets the following criteria.
1. Sharpe Ration >0.3
2. Pip expectancy >5 pips
3. Draw down <20 %
All EAs doing wounder full job crashed account one day due to not meeting above-mentioned criteria. This is a result of testing more than 200 EAs in my FOREX Lab.

Regards,
Dhiraj


Based on your forex lab tests, what EAs did pass your above criterias.

Dhiraj
dhiraj
Apr 13 2014 at 19:32
116 posts
OK, you link it to myfxbook.com and they will calculate everything for you! See it in the myfxbook.com, Advance statistics last column.

Lianne Jackson (LianneWorlds)
Apr 14 2014 at 08:16
6 posts
unstable and risky appearance
***** GAME OVER *****

I trust my money to a professional
nathanle
Apr 14 2014 at 21:17
9 posts
Stay away from this EA (sPhntom) like plaque!!! Rsk and reward ratio is ridiculous - 10 pips profit target and 250 pips stop loss. If first position is nagative, it open a second position as average down. It is just a matter of time, the account will blow up. As Lianne Jackson mention '***** GAME OVER *****'

joe101180
Apr 16 2014 at 19:10
18 posts
since the reward ration is ridiculous with 10 pips target and 205 pips stop loss. So why dont you reverse it manually with 10 pips stop loss and 250 pips target profit?
it is easy right and case closed, you will get profit for sure.
if you hate this systems, then please learn how to trade and money management effectively, instead of using the EA.
please dont get me wrong, i also using EA sometimes. However, if i reckon the EA's trades become ridiculous, then i stop it.
no need to complain about the EA.
please do remember there are no bad EA in this world, there only have bad trader/investor whose too depends on the EA


beko
Apr 16 2014 at 20:08
12 posts
to all guys who are criticizing sphantom, i agree with you all but i need an explanation for 2013 results that what made me pay 300$ for this crap.😡

Ken Grakauskas (Michigander)
Apr 16 2014 at 21:54
321 posts
beko posted:
to all guys who are criticizing sphantom, i agree with you all but i need an explanation for 2013 results that what made me pay 300$ for this crap.😡


The markets have changed. What once worked, does not now. It may again, it may tomorrow, but it hasn't the past couple months. I traded Forex Envy for the last two years and made a ton of money. Recently, its broken. You just have to watch them, or trade them with reduced capital until things again change.

You need to be on a never ending systems quest. Reviewing, testing, watching. Thats' the price of glory.

War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
jiang
Apr 17 2014 at 02:06
36 posts
beko posted:
to all guys who are criticizing sphantom, i agree with you all but i need an explanation for 2013 results that what made me pay 300$ for this crap.😡


Somebody said a 99% quality backtest from 2007 on is the minimum industry standard nowadays for commercial EA's.

SimpleComments
Apr 17 2014 at 06:38
16 posts
jiang posted:
beko posted:
to all guys who are criticizing sphantom, i agree with you all but i need an explanation for 2013 results that what made me pay 300$ for this crap.😡


Somebody said a 99% quality backtest from 2007 on is the minimum industry standard nowadays for commercial EA's.


this is still not good enough to confirms that the EA can work in the future...
you can be good with years of backtest and finally lost everything just because the market moves in the wrong direction at the wrong time...

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