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sPhantom Auto Trader (By sPhantom)

Gain : +694.0%
Drawdown 91.94%
Pips: 1266.4
Trades 261
Won:
Lost:
Type: Real
Leverage: 1:400
Trading: Automated

sPhantom Auto Trader Discussion

May 28, 2013 at 22:21
65,802 Views
1,574 Replies
Member Since Aug 30, 2013   325 posts
Feb 01, 2014 at 22:40
BluePanther posted:
forexpipcatcha posted:
BluePanther posted:
leverconsult posted:
bkforex posted:
I would not consider buying any EA that has a risk / reward ratio higher than 1 : 1.

No ea, not even one, is ever successful over the long term. EA is for gamblers, MANUAL TRADING is for traders.

I disagree: EAs are for intelligent traders, MANUAL TRADING is for gamblers (and sometimes traders).

You cannot create an EA without being able to explicitly define your system. Any good manual trader has discipline to follow their system TO THE 'T'. But 90% of traders lose money in forex - usually attributed to a lack of discipline and emotional interference. Isn't this what is called 'gambling'?

EAs lose money because either the strategy is poor to begin with, or the wrong settings are used (or you are using a scam broker, in which case you have NO HOPE of making money trading!). They are a program and do not 'gamble' per se.


Another scam trying to get money off people

forexpipcatcha posted:
BluePanther posted:
@forexpipcatcha To those I helped, they know. To you, obviously you have learnt nothing (from me). But I do agree, each individual is encouraged to make their own mind up on how they want to make (or lose) their money. No one (least of all me) should make up their mind for them.

Oh, thanks for calling out GPS Forex Robot as a scam - your opinion (although I disagree) is much appreciated. 😄

Another sore loser. Don't be so negative! 😎 If you lost money with GPS, then I suggest either your broker was crap (as many are) or you used the wrong settings. If you haven't lost money with GPS, on what basis do you make your claim it is a scam? Rumors? I base my opinion on my OWN experiences.

who said anything about it being a scam but you...obviously since you called it that now then it must be. Hence you know so much about being a loser most likely your entire life.

“Never argue with a fool, onlookers may not be able to tell the difference.” Mark Twain. On that note, I am unsubscribing.

@corre71 I agree, keep to topic here - discussion of sPhantom ONLY. My bad on making a well-intentioned (yet totally inappropriate) suggestion...

Yes you are a fool and always was you sore loser... don't blame anyone but yourself for losing your money on this shitty sphanshit..
Member Since May 27, 2013   62 posts
Feb 02, 2014 at 07:07
Dear Clients

We as you have very hard moments.

We are creating a new update for this EA.

We will let you as soon as it gets ready.

We have about 1000 unanswered email. Please be patient. We will answer all of them. It may take up to 1 week.

Thanks for your support.


Regards
dhiraj
forex_trader_113355
Member Since Feb 22, 2013   116 posts
Feb 02, 2014 at 07:57
corre71 posted:
Here is not the place to sell stuffs, but only to su scusa of Sphantom. Sellers and people Who are not Sphantom users are incited to go in other place they like. sa for the laser, i think the laser is the person Who need to sell stuff not professionaly to live

I used GPS in my 4 real account and lost lot of money. I wrote to the developer but no much response except telling their EA is gaining and did not gave any right reasons why its loosing in my accounts!!!
Member Since Aug 30, 2013   325 posts
Feb 02, 2014 at 08:00
sPhantom posted:
Dear Clients

We as you have very hard moments.

We are creating a new update for this EA.

We will let you as soon as it gets ready.

We have about 1000 unanswered email. Please be patient. We will answer all of them. It may take up to 1 week.

Thanks for your support.


Regards

LOL @ you... your hard moments was to spend all the peoples money that bought your crap? Annnnndddd now you want to alter it so they can lose again and again?
What is your compensation?
forex_trader_12567
Member Since May 29, 2010   276 posts
Feb 02, 2014 at 08:28
sPhantom posted:
Dear Clients

We as you have very hard moments.

We are creating a new update for this EA.

We will let you as soon as it gets ready.

We have about 1000 unanswered email. Please be patient. We will answer all of them. It may take up to 1 week.

Thanks for your support.

Regards

Good one. i hope that day was not because of the update 😭
Member Since Oct 24, 2013   268 posts
Feb 02, 2014 at 08:41
I still believe this EA has promise. Not a customer yet but still seriously thinking about it.

Call me stupid but I still think I can manage this beast and kind of think that seeing it at it's worst helps plan for correct money management for it's future.

Still on my watch list. 🙄
You can't spend open trades.
Member Since Aug 30, 2013   325 posts
Feb 02, 2014 at 09:17
Silverthorn posted:
I still believe this EA has promise. Not a customer yet but still seriously thinking about it.

Call me stupid but I still think I can manage this beast and kind of think that seeing it at it's worst helps plan for correct money management for it's future.

Still on my watch list. 🙄

In that case it's not the EA you are concerned with but it's signals and this implies the EA is crap but I do agree with you to some point. I did trade some of it's signals entering at better price but to catch it's signals is hard unless you are unemployed and have no life or friends and is sitting there watching the screen. However in saying this if someone can make some sort of SMS signal as to when it signals a trade it could be worth pursuing.
Member Since Jan 27, 2012   51 posts
Feb 02, 2014 at 09:37
Silverthorn posted:
I still believe this EA has promise. Not a customer yet but still seriously thinking about it.

Call me stupid but I still think I can manage this beast and kind of think that seeing it at it's worst helps plan for correct money management for it's future.

Still on my watch list. 🙄

I think the same. But I definitely will not pay 300$ for that. It's worth maybe 50$. Maybe the seller will be reasonable and not just realease again a 'new' EA and start the game again.
Member Since Oct 24, 2013   268 posts
Feb 02, 2014 at 09:47
forexpipcatcha posted:
In that case it's not the EA you are concerned with but it's signals and this implies the EA is crap but I do agree with you to some point. I did trade some of it's signals entering at better price but to catch it's signals is hard unless you are unemployed and have no life or friends and is sitting there watching the screen. However in saying this if someone can make some sort of SMS signal as to when it signals a trade it could be worth pursuing.

Hmm Not everybody needs a 9 to 5!! 😉

I'd still run it as an EA with very high risk settings from day one on a small mini account and withdraw all profits weekly.

It will probably burn out every other month but I think from what I've seen it should be possible to cover the loss with a handsome profit.

The biggest problem I see is that because it is basically a copy trader there is no way to back test to try different money management methods. So watch and wait I must.
You can't spend open trades.
Member Since Aug 30, 2013   325 posts
Feb 02, 2014 at 10:03 (edited Feb 02, 2014 at 10:06)
Someone was already smart enough he took out 50% of all profits per month which means even though he burnt out as well he made the best profits from it.
Your method leaves a lot to be desired especially when little thought has gone into it for example... lets say you took out the profits every month for ten months you made profits BUT within the ten months it burnt out as it did and lost at least ten months worth (worst case SL is 250 pips worth) of profits considering that at that stage two trade would have been taken implies you made nothing lol but wasted money and resources especially my time having to read rubbish from people with low numerical ability but it's good to see you haven't lost faith in some rubbish designed EA like most are (99%). There are a few worth considering.
Member Since Oct 24, 2013   268 posts
Feb 02, 2014 at 10:39
Feel free to speak your mind mate. Don't hold back at all!!

But your making a lot of assumptions without being fully informed. Still thanks for your input.

Cheers!!
You can't spend open trades.
forex_trader_12567
Member Since May 29, 2010   276 posts
Feb 02, 2014 at 10:54
forexpipcatcha posted:
Someone was already smart enough he took out 50% of all profits per month which means even though he burnt out as well he made the best profits from it.
Your method leaves a lot to be desired especially when little thought has gone into it for example... lets say you took out the profits every month for ten months you made profits BUT within the ten months it burnt out as it did and lost at least ten months worth (worst case SL is 250 pips worth) of profits considering that at that stage two trade would have been taken implies you made nothing lol but wasted money and resources especially my time having to read rubbish from people with low numerical ability but it's good to see you haven't lost faith in some rubbish designed EA like most are (99%). There are a few worth considering.

Right, we should regularly withdraw the profit. we should not be greedy.
Member Since Oct 24, 2013   268 posts
Feb 02, 2014 at 11:24 (edited Feb 02, 2014 at 11:25)
Vitautas posted:
Silverthorn posted:
I still believe this EA has promise. Not a customer yet but still seriously thinking about it.

Call me stupid but I still think I can manage this beast and kind of think that seeing it at it's worst helps plan for correct money management for it's future.

Still on my watch list. 🙄

I think the same. But I definitely will not pay 300$ for that. It's worth maybe 50$. Maybe the seller will be reasonable and not just realease again a 'new' EA and start the game again.

Yeah. At $50.00 I'd go for it!! But you'r right. A 'New' release would be very tasteless.
You can't spend open trades.
Member Since Apr 19, 2011   13 posts
Feb 02, 2014 at 11:51
sPhantom posted:
Dear Clients

We as you have very hard moments.

We are creating a new update for this EA.

We will let you as soon as it gets ready.

We have about 1000 unanswered email. Please be patient. We will answer all of them. It may take up to 1 week.

Thanks for your support.


Regards


But its not an issue with the trade copying that caused the loss, its #1 the signal sent just before major US news and #2 failure to manually stop the trade earlier. Both issues are nothing to do with the EA - they are more to do with the trader.

Perhaps he's adding a news filter option and personal stop loss - a few more details like that would have been great at this point.

One bit of good news that is implied from his email is that he is still prepared to continue with the service.

I wonder if his 'it may take up to 1 week' will also extend to the next signal? I hope not because I want to start to make up some of my 20% loss.
Member Since Jan 06, 2014   256 posts
Feb 02, 2014 at 13:41
gombosg posted:
fxbook89 posted:
Avangate seems to be a honest processor. I got a reply from Avangate as thus :

Dear Software Publisher,

We are writing to inform you that we have received a refund request from
the customer with the Avangate order #xxxxxx [Date : Time].

The reason for this refund request [provided by the customer] is:

=================================================================

From: xxxx <xxxxxxx>
To: [email protected];[email protected]

CC: Add Comments
Subject: [Refund] Ticket: xxxxxxxxx


=================================================================

Please confirm if you agree for Avangate to make this refund. If not,
please contact the customer directly, in an attempt to solve his issue:

Client Name: xxxxxxx,
Client E-mail: lxxxxxxxxxx
Amount: 299 USD

Product: 1 x sPhantom Auto Trader

Please note that if an answer is not received within a time interval no
greater than 5 business days, we
will consider that you agree to this refund request, and we will proceed
with the cancellation of the above mentioned order, based on the
customer's request. For an efficient solution, you should always reply
this notification.

We are looking forward to your confirmation. Please contact us by e-mail
at [email protected]

Sincerely yours,

Avangate Team
https://www.avangate.com
[email protected]

Good to know that, I'm instantly forwarding a request to Avangate.

I have also forwarded a claim to Avangate but i had no reply Till now!
Running only Expert advisors with good long term backtests and nice forward tests
Member Since Feb 13, 2013   22 posts
Feb 02, 2014 at 13:42
leverconsult posted:
BluePanther posted:
leverconsult posted:
bkforex posted:
I would not consider buying any EA that has a risk / reward ratio higher than 1 : 1.

No ea, not even one, is ever successful over the long term. EA is for gamblers, MANUAL TRADING is for traders.

I disagree: EAs are for intelligent traders, MANUAL TRADING is for gamblers (and sometimes traders).

You cannot create an EA without being able to explicitly define your system. Any good manual trader has discipline to follow their system TO THE 'T'. But 90% of traders lose money in forex - usually attributed to a lack of discipline and emotional interference. Isn't this what is called 'gambling'?

EAs lose money because either the strategy is poor to begin with, or the wrong settings are used (or you are using a scam broker, in which case you have NO HOPE of making money trading!). They are a program and do not 'gamble' per se.

dont get it wrong,the eas are not the gamblers, but the one who utilizes them with the unrealistic expectation is the true gambler
why would an 'intelligent trader' rely on a programme created by an unknown
show me all successful traders and ull see core manual trading behind the scene
for those who have been observing proper money mgt, having a diverse risk portfolio and thirdly having an indepth knowledge of ea workings, what has happened to sphantom now shouldnt throw you off balance.
per adventure, if you know of any of such programme that is guaranteed to make and keep making you money, it would be helpful to the forum
just a little proof - go to forexpeacearmy, click on expert advisor test, click on weeks to take you to the longest standing eas and see for yourself the amount these eas make weekly and their performance curves😄
this is even talking about the ones that have survived for close to a year, not to even talk aout the numerous that have crashed and burnt

Note that sPhantom was one of the most promising EA on forexpeacearmy with a long, good track record.
Member Since Jan 22, 2014   75 posts
Feb 02, 2014 at 13:42
Has anyone got official email reply from sPhantom??
Member Since Jan 06, 2014   256 posts
Feb 02, 2014 at 13:42
sPhantom posted:
Dear Clients

We as you have very hard moments.

We are creating a new update for this EA.

We will let you as soon as it gets ready.

We have about 1000 unanswered email. Please be patient. We will answer all of them. It may take up to 1 week.

Thanks for your support.


Regards

To reply to 1000 emails u would need up to 1 week. But since i think most of them have ask ed u the same things u will need 30 second do explain where was the analist Who was supposed to be on the market and Why These trades was released in the worst moment possible and when u will release new version and in what it will consist. Ur behaviour was absolutely not professional to not reply no one time here in that so bad moments. So now start to discuss with us here and explain the situation
Running only Expert advisors with good long term backtests and nice forward tests
Member Since Jan 06, 2014   256 posts
Feb 02, 2014 at 13:42
Silverthorn posted:
I still believe this EA has promise. Not a customer yet but still seriously thinking about it.

Call me stupid but I still think I can manage this beast and kind of think that seeing it at it's worst helps plan for correct money management for it's future.

Still on my watch list. 🙄[/quote

Flip a coin after NY Session and buy or sell with Tp 10 and sl 200, it's free and u'll have similar risults (a lot of Winning trades in a ora and few trades that will blow ur account. U are lucky to not have bought it and u are stil thinking about it?
Running only Expert advisors with good long term backtests and nice forward tests
Member Since Sep 20, 2013   36 posts
Feb 02, 2014 at 13:42
If one customer send an email,then sPhantom have about 1000 users now.
300$*1000=300000$
So Damn Much Money!!!

forexpipcatcha posted:
sPhantom posted:
Dear Clients

We as you have very hard moments.

We are creating a new update for this EA.

We will let you as soon as it gets ready.

We have about 1000 unanswered email. Please be patient. We will answer all of them. It may take up to 1 week.

Thanks for your support.


Regards

LOL @ you... your hard moments was to spend all the peoples money that bought your crap? Annnnndddd now you want to alter it so they can lose again and again?
What is your compensation?
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