sPhantom Auto Trader Discussion

Brendan777 posted:
What this EA need are extra levels of recovery, having just two levels is just not as safe or efficient as multiple levels of recovery points.

It could be an idea and i am 'tweaking' some other EAs with different baskets to watch the results!
In my opinion the principal lack of S-phantom is not the huge s/l, but the fact that it does not have any other logic to exit from the trades than a full s/l or t/p. Any Ea i think need some different logic to get out from a trade when situation change!

pilotas posted:
corre, as I wrote, my first entry is 10 pips lower, and by coincidence new tp for both trades now is exactly at first entry. so I;ll get 0 for first entry and about 20 pips for second. I have reduced lot size to minimum so even if euro will drop dead now, will not have big loss. but according almost 1 year stats there was no problems with UK session except the one opened right before FOMC minutes.

I have reduced the lots too to microlots and running still this Ea only for statistic reasons (and because i have payed it)! How u get ur first entry 10 pips lower, (manually)?

yes, manualy. I have described idea to shift entry to DD side for few pips, couple of pages ago. that give a chance to have bigger profit and lower DD, but also some entries will be missed.

pilotas posted:
yes, manualy. I have described idea to shift entry to DD side for few pips, couple of pages ago. that give a chance to have bigger profit and lower DD, but also some entries will be missed.

It could be a good idea and most Eas (olso free) has this feature built in (usually is called better pip entry or something like this) but S-phantom not (it would need a lot of features to be addedd)! The problem is that when S-P opened the first trade i was sleeping! I know that EAs need a babysitter (and S-phantom particularly) but i do not have so much time!

corre71 posted:

pilotas posted:
yes, manualy. I have described idea to shift entry to DD side for few pips, couple of pages ago. that give a chance to have bigger profit and lower DD, but also some entries will be missed.

It could be a good idea and most Eas (olso free) has this feature built in (usually is called better pip entry or something like this) but S-phantom not (it would need a lot of features to be addedd)! The problem is that when S-P opened the first trade i was sleeping! I know that EAs need a babysitter (and S-phantom particularly) but i do not have so much time!

U can also try opening the second position 1.5 bigger than the first, and since u are using microlots it will not kill ur account! As for the history of trades of S-pahntom be carefull with it! I like to make manual backtests (not only MT4 backtests) but to have results statistically relevant u need at least 3 years of live trading! Also as for backtests (and for sure u know) thay are usefull only to give u some tips about the possible outcome of a live trading activity, but most of the time live trading will have much worse results!

I am not sure that this EA have difficult only when there are Fed, ECB or FOMC meetings! I think it is always dangerous in Uk session!
The EURUSD situation don't looks good and the EA seems will need to take the 2 loosing positions overnight and this is absolutely not good for a scalper!

Hi guys! I want to sell my license and EA, please PM me.

I want also sell mine, but since seems that the vendor stopped to sell new licenses for mine i would ask 600 USD! 😂

Corre i'll buy it for 600... ........centssssssssssssssssssssssss

Looks like we're looking at another sphantom drop.

LOL

the price is well under the lower bollinger band limit, and RSI < 30.

Does anyone recommend a buy ?

forexpipcatcha posted:
Corre i'll buy it for 600... ........centssssssssssssssssssssssss

😁

BassemKattan posted:
the price is well under the lower bollinger band limit, and RSI < 30.

Does anyone recommend a buy ?

Depends, if u read the book of John Bollinger, he would probably short EU! Also, if u run a momentum strategy u would short it! From my point of view (i am flat and i have manually closed this trade yesterday with a loss of 1 Euro) i would wait the ends of the european session and would buy!

Oh, my god! I was busy at work and i did'n to saw such drop of EU! But don't worry, some days ago, someone told that my observations was taken by my ass, and he carefully backtested the whole history SPhantom and clearly stated that it's only a matter of the risk u are willing to absrob, this 'EA' will be profitable! I don't think that my observations comes from my ass, but if so, my ass is very smart!

Larry Pesavento, the father of harmonic trading, wrote a book titled 'Trade what you see' and here i see only a crap! so big drawdown for a 10 pips profit!!!! Backtests are only a starting point, if u trade on BT u wil burn accounts after accounts!!
In the meantime look the strategy developed by my ass how is performing!! Profit factor 9.06!! 😄

corre71 posted:
I want also sell mine, but since seems that the vendor stopped to sell new licenses for mine i would ask 600 USD! 😂

dont worry, the seller is still selling :D

I am selling my SPHANTOM licence. Message me and lets set a deal. Thanks!

myfxbook111 posted:

corre71 posted:
I want also sell mine, but since seems that the vendor stopped to sell new licenses for mine i would ask 600 USD! 😂

dont worry, the seller is still selling :D

And really someone is still buying this? that's crazy!!

BassemKattan posted:
Looks like we're looking at another sphantom drop.

Boy, you cant take the least bit of heat on a trade eh? Not every trade closes in two bars.

We are at pretty strong support now at around 1.37350. For those that trade Empire, they took the same trade, although their first trade was around phantoms second trade. Empire's taking the trade gave me the courage to add to the sphantom positions on the way down. I am 4 trades deep with a 120 pip SL on each one. My first trade was only 5 pips from stopping out. Empire is 4 deep as well so I feel pretty good about this one recovering.