I wish I did the same when it peaked in the few minutes past 2 o'clock EST...

Hi,
 -5.5 pip loss, +7.4 pip gain on trade -5 pips floating loss running. with Pepperstone as broker.

ProActiveT posted:
Another transaction 1 hour before FED announce...

I was about to say the same :S

Last couple of trades were a bit off ...

I'll be pausing sPhantom for a week or two after this trade closes. Just to see if this is bad luck or sP dying.

Hi all,

I have been using this system since september 2013 and on demo since June 2013. I have no idea how sPhantom pick the moment to enter trades and I don't know what the strategy is. Sometimes trades go to TP within 2-3 hours, sometimes it goes into DD and the second trade, then eventually comes to TP or the master closes the trade. Sometimes I agree with their entries and sometimes I don't but I'm in the game with them so I have chosen to trust that they know better than I do.

It is not a straight forward enter the trade and take your profits in 10mins, as you are aware no system can ever guarantee. Even if you are an expert trader picking the right moments to take the trade, once you enter the trade you are at the mercy of the market.

This is not a system for the faint hearted or as a good friend once called it to me, those 'trading with scared money'.

If you or I could create a better system, we wouldn't be here. It is also much easier to criticize others from the safety of our armchair but much harder to build the system to do exactly what we want.

It has been profitable todate with the odd anomaly from time to time.

Once you've made the decision to use this system, commit money you can afford to lose and won't lose you the shirt on you back, then let the system work in whichever way sPhantom chooses. Let them enter the trade whenever they choose to.

When you lose faith with the system turn off the copier, take out your money and go play golf or do whatever you choose to do.

As has been said by others especially @Michigander, take profits often and should the system eventually blow up, then you have no regrets.

We can all live in fear of losing money and sit on the sidelines or be fully committed in your decisions and actions. That's the best way to learn. This system will either make you a few bucks or blow you account, get comfortable with the idea enjoy the ride.

Here's to a profitable year.

Pere posted:
Hi all,

I have been using this system since september 2013 and on demo since June 2013. I have no idea how sPhantom pick the moment to enter trades and I don't know what the strategy is. Sometimes trades go to TP within 2-3 hours, sometimes it goes into DD and the second trade, then eventually comes to TP or the master closes the trade. Sometimes I agree with their entries and sometimes I don't but I'm in the game with them so I have chosen to trust that they know better than I do.

It is not a straight forward enter the trade and take your profits in 10mins, as you are aware no system can ever guarantee. Even if you are an expert trader picking the right moments to take the trade, once you enter the trade you are at the mercy of the market.

This is not a system for the faint hearted or as a good friend once called it to me, those 'trading with scared money'.

If you or I could create a better system, we wouldn't be here. It is also much easier to criticize others from the safety of our armchair but much harder to build the system to do exactly what we want.

It has been profitable todate with the odd anomaly from time to time.

Once you've made the decision to use this system, commit money you can afford to lose and won't lose you the shirt on you back, then let the system work in whichever way sPhantom chooses. Let them enter the trade whenever they choose to.

When you lose faith with the system turn off the copier, take out your money and go play golf or do whatever you choose to do.

As has been said by others especially @Michigander, take profits often and should the system eventually blow up, then you have no regrets.

We can all live in fear of losing money and sit on the sidelines or be fully committed in your decisions and actions. That's the best way to learn. This system will either make you a few bucks or blow you account, get comfortable with the idea enjoy the ride.

Here's to a profitable year.


  

If any system makes me a few bucks, then blows my account, I will not be a happy camper. Although I agree that one should not trade with the rent money; fact is, money is still money. There is no such thing as a 'set it and forget it' EA. All EA's, including this one, should be part of a traders overall strategy, but not the whole strategy itself. sPhantom has been an excellent tool, but should be one of several. Some of us don't have any problem trading the news; some do. In the final analysis, it's the individual trader himself, and not any EA, that has a final say in a trade. If some don't like trading at certain times of the day, or before major news announcements, or for any other reason, just disable it. Bottom line--I own my account, the EA doesn't. 😄

new strategy to get 10 pip...

when sphantom buy you sell, when s phantom sell you buy. Brokers/ Market makers are eyeing this ea...😁😁😁😁

abh262 posted:
new strategy to get 10 pip...

when sphantom buy you sell, when s phantom sell you buy. Brokers/ Market makers are eyeing this ea...😁😁😁😁

right. you can use EA like swiss army to do automatically

Hi guys,

 Just wondering if any of you are using other EAs or trade copiers as well as sphantom to spread your risks and expand the portfolio? If so, what other systems do you use and are you happy with their performance?

Thanks

Paskoll posted:
+6.4 pips for me.

Hi, what's your broker?

Don_P posted:
Hi guys,

 Just wondering if any of you are using other EAs or trade copiers as well as sphantom to spread your risks and expand the portfolio? If so, what other systems do you use and are you happy with their performance?

Thanks

I am using also Wally with both settings they use on Myfxbook and till now i can say it is incredible! i plan to buy also other EAs!

Everyone else in deep DD as well?

Seriously, I have no idea why they went long on this when everyone and their mother knew that the Fed was going to taper again. Still have faith, just waiting to see how it extricates itself this time.

I have an other ea that is long with opening on same level one day before.
Position still open as well. This ea is always opening on longer time frames (i guess) and keeps for some days

I have other eas that sold yesterday near this level (For a short time i had 5 open positions on EURUSD :shock:)

One EA opened today a new SELL, based on breakout stratgey.
So i have BUY and SELL what gives a certain harmony ;) Who touches first to close ?!

Just want to say that mathematicaly this system will not generate profit in long term. If SL, no matter is it real 250 or mental 200, will be hit, it will be bigger than all gain made. If higher risk level, loss could be even higher than all account.
lets say current situation. euro is droping like a rock after yesterdays fomc. we have buy on almost top. account is 1526 usd. 0.46x200 will give us 920 usd lost. second possition 0.46x169 will give about 780 usd loss, all together will be 1700 usd. in other words - stopout. Even if risk is set lower, loss will allways eat your gains.

Unless no risk managment mode used, but fixed lot size. Then if loss/win ratio will be higher than 1:20(25) then you will keep at least small part of you gains. But you will not grow so nice. Who knows, maybe this system is grail and it will never hit SL?

corre71 posted:

Don_P posted:
Hi guys,

 Just wondering if any of you are using other EAs or trade copiers as well as sphantom to spread your risks and expand the portfolio? If so, what other systems do you use and are you happy with their performance?

Thanks

I am using also Wally with both settings they use on Myfxbook and till now i can say it is incredible! i plan to buy also other EAs!

@corre71 What is Wally?

Wally for sure 'Wall Street Robot'

pilotas posted:
Just want to say that mathematicaly this system will not generate profit in long term. If SL, no matter is it real 250 or mental 200, will be hit, it will be bigger than all gain made. If higher risk level, loss could be even higher than all account.
lets say current situation. euro is droping like a rock after yesterdays fomc. we have buy on almost top. account is 1526 usd. 0.46x200 will give us 920 usd lost. second possition 0.46x169 will give about 780 usd loss, all together will be 1700 usd. in other words - stopout. Even if risk is set lower, loss will allways eat your gains.

Unless no risk managment mode used, but fixed lot size. Then if loss/win ratio will be higher than 1:20(25) then you will keep at least small part of you gains. But you will not grow so nice. Who knows, maybe this system is grail and it will never hit SL?

The SL is a TECHNICAL SAFETY SL - when you loose your internet conection, electricity or a virus deletes your NON-VPS ;).

We will see on what level they will send the signal. :pray:

Husar, technically it depends on stopout level of broker and account leverage. But it is easy to calculate that 0.92 lot will eat 1526 usd after about 165 pips move from break even point which is now at 1.3652. So stopout would come at 1.3487 if SO level would be 0. But it isn't so.