sPhantom Auto Trader Discussion

enicolasgomez posted:
Thanks a lot willgart, copied ex4 and library file to the new MT4 isntallation.

What a piece of crap this software is, it doesn't even copy two files right. Will set a live account, make 300 USD profit and buy some other EA.

he cant copy it correctly has MT4 has changed the folder structure this week.
no installer will works until an update... and personnaly I don't know how they can install this correctly has the target folder is random!!!! :)

Each MT4 install will produce a different Folder location

Yeah, thanks.

The thing is... when you install sPhantom, mt4 installation paths need to be specified so anybody would guess that it would be copied to each installation's /Expert/ and /Libraries/ folder which it DOES NOT.

Bugger. missed the second trade yesterday.

Spread setting a bit too tight to catch the 1 min long second trade on the way up.

today my phantom has done 1 trade. And the phantom of the owners had done 2 trades...?? Does somebody know why??
Are there more phantom users that have the same 2day?

only sphantom can buy at very very top :)

I had one trade for my fixed spread account and two trades for my ECN account, so it must be slippage or spread that prevented the 2nd trade. sPhantom seems to work best on ECN or STP accounts.

pilotas posted:
only sphantom can buy at very very top :)

Yes, it does not look a very attractive price where to buy! Anyway maybe with the help of the 2nd trade (if will be necessary) also this trade will be closed not bad! I strongly recommend to all the user to not stick with the the s/l used by the vendor because it can burn again accounts! choose ur confortable s/l level and use it for both (i there will be a second one) trades! i am using 72 pips! Of course it can happen that ur trades will be stopped and then EU reverses, but u will not risk ur account!

corre71 posted:

pilotas posted:
only sphantom can buy at very very top :)

Yes, it does not look a very attractive price where to buy! Anyway maybe with the help of the 2nd trade (if will be necessary) also this trade will be closed not bad! I strongly recommend to all the user to not stick with the the s/l used by the vendor because it can burn again accounts! choose ur confortable s/l level and use it for both (i there will be a second one) trades! i am using 72 pips! Of course it can happen that ur trades will be stopped and then EU reverses, but u will not risk ur account!

so you run it with one trade only? or you close it after 72 pips with two trades?

myfxbook111 posted:

corre71 posted:

pilotas posted:
only sphantom can buy at very very top :)

Yes, it does not look a very attractive price where to buy! Anyway maybe with the help of the 2nd trade (if will be necessary) also this trade will be closed not bad! I strongly recommend to all the user to not stick with the the s/l used by the vendor because it can burn again accounts! choose ur confortable s/l level and use it for both (i there will be a second one) trades! i am using 72 pips! Of course it can happen that ur trades will be stopped and then EU reverses, but u will not risk ur account!

so you run it with one trade only? or you close it after 72 pips with two trades?

I was addressed to be few constructive but i will now try to be and to share with the unlucky owners of this 'EA' my opinions!
First i must remark that i do not rely too much in this system and i am running only because cannot get refund and running it with microlots! The flaw point of this system is that does not has any logic to close the trades when things goes wrong, so we can only try to defend ourself! I fix a s/l at 70 pips + spread from the first trade and the same s/l value for the second (if it happens). Of course i do not have any data to be sure that this could be the better option, but usually for scalpers 70 pips are more than enough! Of course it can happen that 70 pips s/l is hit and after the Eu reverse and S-pahntom close the trades in slight profit, but i think 250 pips s/l for 2 trades is a suicide all of us knows that it can happen (and it will happen again)! I also would suggest to close out any trades open before Uk market opens (for example at 7:00 GMT time not later) also if the trades are in loss and turn off s-pahantom. I think S-phantom can be under control only from 18:00 to 07:00 GMT time if there are not important news release in these times! I have already build a strategy that seems to works mixing some different eas and now i will try to create a new one that trades not only in the night with maximum 2 trades and with a price difference between the 2 trades of about 25 pips (maybe 30) and with a s/l when the 2 trades reach a total loss of about 50 pips! i will test (also if my Pc is now completely full of tests) and will see!

Time filtering and news filtering is the only way to try to recover from this 'EA' what we payed for the license!😐

I mentioned it earlier, and I'll mention it again. I have done an analysis of all the sPhantom trades along with their intra-trade draw downs. I think you can trade this system quite successfully if you know where to put your stop loss. I am now trading sPhantom in a compounding mode. The tighter the stop, the more lots you can trade (but you may not like your equity curve). The looser the stop, the fewer lots you can trade (and you may not like your equity balance.) The key is selecting the right sweet spot between draw down and returns. Your risk % is defined right up front. If you decide to risk 5% a trade, then you will lose 5% of your account when the stop is hit, regardless. I have rerun all their trades with varying stop losses from 50 pips to 120 pips in 5 pip increments and I have generated the equity curves based on each stop loss used. Why not use real data to pick your stop as opposed to just pulling one out of your ass because you think it feels right? Email me at [email protected] if you want an updated copy. i am in the process of re-running the historical results in a compounding mode and will be done by this weekend, I think.

Peace!

Michigander posted:
I mentioned it earlier, and I'll mention it again. I have done an analysis of all the sPhantom trades along with their intra-trade draw downs. I think you can trade this system quite successfully if you know where to put your stop loss. I am now trading sPhantom in a compounding mode. The tighter the stop, the more lots you can trade (but you may not like your equity curve). The looser the stop, the fewer lots you can trade (and you may not like your equity balance.) The key is selecting the right sweet spot between draw down and returns. Your risk % is defined right up front. If you decide to risk 5% a trade, then you will lose 5% of your account when the stop is hit, regardless. I have rerun all their trades with varying stop losses from 50 pips to 120 pips in 5 pip increments and I have generated the equity curves based on each stop loss used. Why not use real data to pick your stop as opposed to just pulling one out of your ass because you think it feels right? Email me at [email protected] if you want an updated copy. i am in the process of re-running the historical results in a compounding mode and will be done by this weekend, I think.

Peace!

If you can enhance the sPhantom signal,why not try to make your EA which is similar to sPhantom?😈

jiang posted:
If you can enhance the sPhantom signal,why not try to make your EA which is similar to sPhantom?😈

Gee, what a thoughtful response. Your attitude is only exceeded by your childish ignorance. It never ceases to amaze me. I go to YOUR page and there is nothing there. No history, no experience, and no sharing of any systems. Yet you come here and take cheap shots that you think are witty? Go talk to cowpoop and jarora. They'll get off on your humor. i don't.

This is not enhancing the signal dumb ass. Its simply looking a the historical trades that have been made in live trading and evaluating the intra-trade draw down of each trade. Let me give you a simple example so even you may understand. A system made 200 trades, and 199 of those trades had a max open draw down of 40 pips but were all ultimately profitable, and one trade experienced a 250 pip stop loss . If you set your stop loss at 35 pips, every single trade would be a loser. if you set your stop at 45 pips, every trade would be a winner except 1, and you would have limited your loss on that 1 loser to 45 pips instead of 250. I made this overtly simplistic so maybe you'll at least grasp the concept. In reality you have many different intra-trade draw downs. By reviewing every real trade you can calculate the best place to run a stop loss based on those historical trades. This is not changing the signals in any way. It is merely using the available data and developing the money management aspect that most EA providers do not consider. I have seen losing systems made profitable and good systems made better through money management. So, if the historical data is available, why not use it to your advantage?

If you want to review and critique the actual results, please do so. If you're just here to just sling mud, go crawl back under your rock.

@jiang I don't think you understand what Ken is saying, but have a look at his spreadsheet and you will get the idea.

Michigander posted:

jiang posted:
If you can enhance the sPhantom signal,why not try to make your EA which is similar to sPhantom?😈

Gee, what a thoughtful response. Your attitude is only exceeded by your childish ignorance. It never ceases to amaze me. I go to YOUR page and there is nothing there. No history, no experience, and no sharing of any systems. Yet you come here and take cheap shots that you think are witty? Go talk to cowpoop and jarora. They'll get off on your humor. i don't.

This is not enhancing the signal dumb ass. Its simply looking a the historical trades that have been made in live trading and evaluating the intra-trade draw down of each trade. Let me give you a simple example so even you may understand. A system made 200 trades, and 199 of those trades had a max open draw down of 40 pips but were all ultimately profitable, and one trade experienced a 250 pip stop loss . If you set your stop loss at 35 pips, every single trade would be a loser. if you set your stop at 45 pips, every trade would be a winner except 1, and you would have limited your loss on that 1 loser to 45 pips instead of 250. I made this overtly simplistic so maybe you'll at least grasp the concept. In reality you have many different intra-trade draw downs. By reviewing every real trade you can calculate the best place to run a stop loss based on those historical trades. This is not changing the signals in any way. It is merely using the available data and developing the money management aspect that most EA providers do not consider. I have seen losing systems made profitable and good systems made better through money management. So, if the historical data is available, why not use it to your advantage?

If you want to review and critique the actual results, please do so. If you're just here to just sling mud, go crawl back under your rock.

I was REALLY interested on MEA/MFE analysis some time ago, run lots of simulations in different platforms, including my own.
I would say that it's now about making a better signal, you can build a very successfull system based in a random signal by optimization of RRR and MEA/MFE.

In the long range every signal has a 50% success rate; it's still random no matter how good a backtesting looks.

Michigander posted:
I mentioned it earlier, and I'll mention it again. I have done an analysis of all the sPhantom trades along with their intra-trade draw downs. I think you can trade this system quite successfully if you know where to put your stop loss. I am now trading sPhantom in a compounding mode. The tighter the stop, the more lots you can trade (but you may not like your equity curve). The looser the stop, the fewer lots you can trade (and you may not like your equity balance.) The key is selecting the right sweet spot between draw down and returns. Your risk % is defined right up front. If you decide to risk 5% a trade, then you will lose 5% of your account when the stop is hit, regardless. I have rerun all their trades with varying stop losses from 50 pips to 120 pips in 5 pip increments and I have generated the equity curves based on each stop loss used. Why not use real data to pick your stop as opposed to just pulling one out of your ass because you think it feels right? Email me at [email protected] if you want an updated copy. i am in the process of re-running the historical results in a compounding mode and will be done by this weekend, I think.

Peace!

that would be the way to go

Michigander posted:

jiang posted:
If you can enhance the sPhantom signal,why not try to make your EA which is similar to sPhantom?😈

Gee, what a thoughtful response. Your attitude is only exceeded by your childish ignorance. It never ceases to amaze me. I go to YOUR page and there is nothing there. No history, no experience, and no sharing of any systems. Yet you come here and take cheap shots that you think are witty? Go talk to cowpoop and jarora. They'll get off on your humor. i don't.

This is not enhancing the signal dumb ass. Its simply looking a the historical trades that have been made in live trading and evaluating the intra-trade draw down of each trade. Let me give you a simple example so even you may understand. A system made 200 trades, and 199 of those trades had a max open draw down of 40 pips but were all ultimately profitable, and one trade experienced a 250 pip stop loss . If you set your stop loss at 35 pips, every single trade would be a loser. if you set your stop at 45 pips, every trade would be a winner except 1, and you would have limited your loss on that 1 loser to 45 pips instead of 250. I made this overtly simplistic so maybe you'll at least grasp the concept. In reality you have many different intra-trade draw downs. By reviewing every real trade you can calculate the best place to run a stop loss based on those historical trades. This is not changing the signals in any way. It is merely using the available data and developing the money management aspect that most EA providers do not consider. I have seen losing systems made profitable and good systems made better through money management. So, if the historical data is available, why not use it to your advantage?

If you want to review and critique the actual results, please do so. If you're just here to just sling mud, go crawl back under your rock.

That makes a lot of sense. Do you know how to change that sl to 45pips on sphantom? Does it require some special it skills to do that? After all I think sphantom has a huge potential if the mm is put in place, just a % of winning trades says a lot.