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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

Back Pearl
husar2003
Dec 12 2013 at 09:34
102 posts
The broker is a risk himself. Hwe might even not execute the order at all. I experienced this last week once and got a 'timeout' in the expert log. Bad for strategies with more than one open position. I was lucky to miss the profit and not having loss ;(

Ken Grakauskas (Michigander)
Dec 12 2013 at 14:47
321 posts
GPzz posted:
Ken, I've checked the log and my TP was 1.37571 while my MT4 has hit a low=1.37558, which means 1.3 pips difference and in my fix account the spread is fixed at 1.8 pips. So this may explain the broker issue. But let's come back to our sPhantom: why in that moment it closed the trade in its account and not in our MT4?


sPhantom is a trade copier, not a trade controller. They can modify a TP or a SL, but once sent to your system, there really is nothing more they can do for you from a management perspective. Remember, they are trading and their TP is out there, in advance, just like yours. Any number of things could have happened that let their trade close while yours didn't. Most likely, they had a better spread. You are trading a fixed spread at 1.8 pip. The EURUSD is very liquid and I occasionally get spreads of 1 pip. It could be the distance to your brokers server. There can be issues even when your price is touched. Data travels at the speed of light but inter continent vs. half way around the world can matter. Where was your order in the bid stack? There may have not been enough lots at that price to fill everyone. The only time you can really cry foul is if price moves at least one tick beyond your asking close price.

If you are trading with a real broker (STP or an ECN vs. a bucket shop), then there is no benefit to the broker not completing the trade. Bucket shops take the other side of the trade. ECN's and STP's get paid from the spread when a trade happens. I really think Occams razer applies here.

Let me give you another example. I trade another system that I trade in pairs. So acct 1 and acct 2 both trade the same system, I start them at the same time, both accounts are with the same broker, they both start fresh on Sunday and close all positions on Friday, and they both trade the same system, yet there can be substantive differences in performance over any given week. Acct 1 can miss a trade by 1 tick and it can make all the difference in the world. It just happens. HFT's can front run you, a split second freeze on your PC or VPS at precisely the wrong time.

War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
sPhantom Auto Trader (sPhantom)
Dec 12 2013 at 20:40
62 posts
minyu2 posted:
sPhantom posted:
@AAST

Hi

Sorry for delay. To get the answers sooner you can contact our support service.

1 - The max number of open positions is 2. This EA uses emergency stop loss. It's 200 pips from the first position. The second position stop loss is not 200 pips. Let say the EA open a buy position with 10 pips TP and 200 pips SL and the market goes against the trade in about 100 pips and the EA opens another trade with the same stop loss price as the first position and close both positions in profit or SL point. Please notice that the second position distance is not fixed. It depends on the market conditions. Also the EA may close both positions before SL point.

When the market moves fast in the opposite direction right after opening the position the EA wait for 1 hour at least and then consider the second trade.

2 - We try our best to improve the strategy as the market behavior changes.

3 - You are right. This may happens sometimes because difference between brokers tick data. In these situations the EA closes the clients trades as soon as our position be closed.


Regards


Hi sPhantom,

Can I ask, what will happen the first time the EA hit SL? If 10 pips TP equal to 2.5% gain, does it means the EA will lose 50% the first time it hit 200 pips SL?


Dear @minyu2

Yes. We are using high risk setting.


Regards

sPhantom Auto Trader (sPhantom)
Dec 12 2013 at 20:51
62 posts
Dear Traders

I appreciate all your comments.

This week there was a situation in which our trade touched the TP and closed while some of our clients trade was still open because their brokers refused to close the trades.

Technically sPhantom should close their trades itself but it couldn't.

Last 2 days we was working hard to find out the reason. We have made a temporarily change on our server which should have fixed the problem so that this situation should not happen again.

We are creating an update which will permanently fix this issue.

We appreciate your patient.

Currently there is no need to change any setting from clients side.


Best Regards

Ken Grakauskas (Michigander)
Dec 12 2013 at 21:57
321 posts
sPhantom posted:
Technically sPhantom should close their trades itself but it couldn't.


I guess I just learned something today. Your saying the you can tell if each individuals TP has been filled or not? How is that possible?

War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
sPhantom Auto Trader (sPhantom)
Dec 12 2013 at 22:05
62 posts
Michigander posted:
sPhantom posted:
Technically sPhantom should close their trades itself but it couldn't.


I guess I just learned something today. Your saying the you can tell if each individuals TP has been filled or not? How is that possible?


Dear @Michigander

I mean there is a system on sPhantom which when the our main account trade are closed it automatically closes the clients trades too even if they have not touched the TP.

But as I said before it didn't worked on this week situation.

We have fixed it it now. We also will publish an update to avoid such situation in the future.

I appreciate you support.


Regards

GPzz (GPzz)
Dec 13 2013 at 11:15
16 posts
@sPhantom
Thanks for having shed some light on this problem and thanks for your efforts to fix it. As we've experienced on our wallet this is a very important feature that all of us would like to keep it working.

Pere
Dec 13 2013 at 21:51
23 posts
Hi all,

I just want to share my experience with sPhantom and hope it helps someone out there. I watched my friend's demo for around 2 months and and studied the EA's behaviour over the same period and found it quite impressive.
I finally decided to buy my own copy and put it on a live account with Alpari UK, my first trade was on 19th August. The trade went the opposite direction for a while and on 20th of August following FOMC session the trade started to reverse in our favour. The master trade closed and issued a close instruction to my MT4 terminal, and to my horror, my account was still in huge drawdown, but the price was spiking up and down and the trade closed with a 30% account loss. I was shocked as I sat there and watched the price continue down to reach my TP beyond.

I emailed sPhantom and showed my terminal and was told that because of the tick data difference between brokers this sometimes happened. I asked them which broker to use and they recommended IBFX. Due to logistical differences I decided not to go with IBFX and instead went with FinFX on an ECN account because that was what my friend was using successfully for his sPhantom test account.

I pay 10% commission on each trade but I get very good execution and very good spreads as well. I have now been running sPhantom since late September without any problems.

My recommendation is that you find a good ECN broker for your sPhantom EA and I don't really support the idea of the Master closing the slave because of the difference of tick data across difference brokers.

Following the sound advice of @Michigander, I have also started to withdraw profits. I have recovered the losses from that first trade and the price of the EA and some profit over that. I am hoping to recover my capital outlay and if I manage to do that I will be a very happy client.

Anyway just thought I'd share my experience in hope someone finds it useful.

Happy profits to all and a great weekend. Long live sPhantom.

arya
forex_trader_[12567]
Dec 14 2013 at 11:38
276 posts
The point is teh sPhantom is a signal provider, copy trade or something. We will success if our broker execute the signals as fast as 0 ms (no delay).

Developer suggest ibfx, because the latency times is under 300 ms, it's still the best i think. but, nowadays, many broker try to offer better latency times by offering ECN account or NDD account, i think is still above 300ms but under 500ms (my little experiment using swvps).

So, make sure you test your existing latency times first before decided to use that broker.

Still waiting sPhantom pass the first year (end-of May 2014). :-)

Pere posted:
Hi all,

I just want to share my experience with sPhantom and hope it helps someone out there. I watched my friend's demo for around 2 months and and studied the EA's behaviour over the same period and found it quite impressive.
I finally decided to buy my own copy and put it on a live account with Alpari UK, my first trade was on 19th August. The trade went the opposite direction for a while and on 20th of August following FOMC session the trade started to reverse in our favour. The master trade closed and issued a close instruction to my MT4 terminal, and to my horror, my account was still in huge drawdown, but the price was spiking up and down and the trade closed with a 30% account loss. I was shocked as I sat there and watched the price continue down to reach my TP beyond.

I emailed sPhantom and showed my terminal and was told that because of the tick data difference between brokers this sometimes happened. I asked them which broker to use and they recommended IBFX. Due to logistical differences I decided not to go with IBFX and instead went with FinFX on an ECN account because that was what my friend was using successfully for his sPhantom test account.

I pay 10% commission on each trade but I get very good execution and very good spreads as well. I have now been running sPhantom since late September without any problems.

My recommendation is that you find a good ECN broker for your sPhantom EA and I don't really support the idea of the Master closing the slave because of the difference of tick data across difference brokers.

Following the sound advice of @Michigander, I have also started to withdraw profits. I have recovered the losses from that first trade and the price of the EA and some profit over that. I am hoping to recover my capital outlay and if I manage to do that I will be a very happy client.

Anyway just thought I'd share my experience in hope someone finds it useful.

Happy profits to all and a great weekend. Long live sPhantom.

Redda Hasan (reddaricher)
Dec 16 2013 at 15:08
18 posts
I will buy this EA and my Broker is OctaFX
Is OctaFX suitable for this trade copier?

In forex business you can rich faster and get poor fastest...
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