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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

GPzz (GPzz)
Jan 31 2014 at 17:44
16 posts
Anubis posted:
Hey Guys. If any are considering Wally (Wallstreet Forex Robot), check out the autotrade section on this site. There are 2 systems running. If you decide to climb on board, don't need to purchase EA, and don't need to purchase a VPS. I'm currently demo-ing the 2 Wally systems.

Interesting, did you check how effective is the execution on your demo account comparing the trades you are copying? Does the system perform quick enough to have close results?

@corre71 : fai bene, ma mi sa che alla nostra polizia postale si fanno una bella risata. quelli stanno in cina..

Matt (BluePanther)
Jan 31 2014 at 20:36
1354 posts
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.

bkforex
Jan 31 2014 at 20:54
45 posts
I don't think this was done on purpose. These kinds of systems with stoploss 25 times bigger than profit is doomed to fail sooner or later. It's just a matter of time. It's not very often that the 250 pip stop gets hit , but in time it will.



tsmorek posted:
Hello Traders,

I bought this system at the begining of Jan after 5 or 6 months of real account data and good results. Last couple of days trades really suprised me as with consistency for last 5-6 months I dont understand reasoning behind these trades. I woudl think that this was done for purpose to close it and then re-open as a new brand (someone else mentioned earlier that similar situation happend before under brand fx papa).

I think Sphantom should respond on that forum otherwise I would think we should gather together and raise it through Forex Peace Army forum to prevent any occuring situation where vendor price EA quite high ($300 - no refund!!!), gather bunch of customers and then kill it and then cretes new brand!!! Do your own calculations how many customers it could attract!

This is just an idea so let me know your throughts about it.

Thanks,
T.



bkforex
Jan 31 2014 at 20:58
45 posts
Most of the top traders in Zulu are doing the same, scalp for a few pip profit and use no stop loss or very huge stop loss. When you do that, you 'll get higher probability or winning rate, but when the stop loss gets hit , it 'll burn your account.

forexpipcatcha
Jan 31 2014 at 21:01
325 posts
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

Matt (BluePanther)
Jan 31 2014 at 21:06
1354 posts
You just keep thinking that mate - folks like you don't deserve the good things in life. 😎

Just don't discourage others who may be looking for a solution - let others judge for themselves. 😡

I am amazed that folks believe sPhantom to be something other than FX Papa (a proven scam), yet they call genuine products with proof of long-term profitability (like GPS) a scam...?

1. If you are joking, it's not funny.
2. If you are trying to keep secret what is an excellent product, it's not working. And a bit late for that too - I've known GPS since 2008-2009, so they have been around for a while now (since the days of Megadroid and FAP Turbo).

3. Don't get jealous or mad - get even!

msthet
Jan 31 2014 at 22:56
8 posts
If you have paid using paypal, you can open a dispute. I have opened a dispute saying that it is a fraud since sPhantom support is not answering and there is no detail provided by them regarding with the continuation of the service. Those who used paypal should try it, and paypal will also notice this fraud.

corre71
Jan 31 2014 at 23:00
256 posts
ForeignDevise posted:
Well the is no 'real' reason not to continue the service. But there was also no reason to trade in front of such big news.
@sPhantom
If you restart, please make the payment monthly, open multiple accs with different brokers, try to increase the expectancy a bit (not the gain) and maybe get the avg duration down
Thx

They sold a lifetime licence for a software so how can tey start with us a monthly subscription? before they mus refund us!

Running only Expert advisors with good long term backtests and nice forward tests
alx0101
Jan 31 2014 at 23:00
14 posts
If I bought through paypal in 8 of january do you think I have a better / worse chance to get my money back?

Do you think paypal will help in this, or is it just more complicated?

Also how do you do a chargeback? Through the bank?

Thanks,
Alex.

alx0101
Jan 31 2014 at 23:01
14 posts
Do you think if I bought via PayPal I have a better / worse chance of getting back the money?

Also, how do I initiate a chargeback? Via the bank? Is it still viable considering I purchased in 8th of January?

Thanks,
Alex

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