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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

khalid499
Feb 02 2014 at 13:43
6 posts
On friday I purchased sPhantom after keeping the track since 2 months, honestly i was really impressed the way it was trading, I was gonna run it live from tomorrow :(
I know how I managed to purcahse the EA in my hard time...I am really disappointed today.

will it keep trading or this was the end ???
do you have any strategy to cover up the huge drawdown???

forex_trader_[175010]
Feb 02 2014 at 13:43
9 posts
It's good to hear from the sPhantom team and I hope they keep going. I was fortunate to shutdown their trade before the FOMC so I was saved. I would have been pissed if it blew my account being I have only been running it a month (I would have lost 60% because my risk was set at 20), but for those asking for their money back, unless you just bought it, I can't believe you would ask for a refund. Surely you know the risks and you've seen the myfxbook account. Scroll through the trades and you can see a few times where drawdowns have reached above 100 pips. It is a scalper so if it gets 100 pips away from entry then the parameters/signals they were trading by are clearly null and void by that point. The warning signs were there. I'll definitely be managing it closely from now on and turn it off around decent news events from now on.

corre71
Feb 02 2014 at 13:44
256 posts
Hmmm, plus let me explain my point of view! First to take every months the gains suppose u have gains and is recommended with grid martingale strategies, which, if well coded, are profitable in the long run with DD in order of 40%. Second someone is thinking that the short message from the vendor means something: it' s only because some have requested refund to Avangate which have stress ed them. Third if u ever used a profitable ea must knows that the s/l are intended ususally for safety reasons only, the trades only sometimes reach the s/ values (also if tight at only 50 pips). Pls, take the time to review the history of trades of the profitable ea u want and look in the history how many Times trades reached the full sl. Trades are closed earlier based on the algoritms of the ea, but here the ea exists? I have bought this (i cannot use the term ea) only because i saw in the history the worst trade was at -23 pips and the vendor stated many Times 200 pip sl was only for safety reasons. I was not complaining nothing if sphantom took 10 losing trades in a row of 20 - 30 pips, an ea does not necessarily need to be profitable, but here i do not see any ea, any support, only smoke. Pls, opening ur eyes and stop to dream! Jarora was right

Running only Expert advisors with good long term backtests and nice forward tests
corre71
Feb 02 2014 at 15:03
256 posts
Jimmeh posted:
It's good to hear from the sPhantom team and I hope they keep going. I was fortunate to shutdown their trade before the FOMC so I was saved. I would have been pissed if it blew my account being I have only been running it a month (I would have lost 60% because my risk was set at 20), but for those asking for their money back, unless you just bought it, I can't believe you would ask for a refund. Surely you know the risks and you've seen the myfxbook account. Scroll through the trades and you can see a few times where drawdowns have reached above 100 pips. It is a scalper so if it gets 100 pips away from entry then the parameters/signals they were trading by are clearly null and void by that point. The warning signs were there. I'll definitely be managing it closely from now on and turn it off around decent news events from now on.


Jimmeh, lucky don't last for ever. If u read their website u see celar la stated that this Spahntom don't need any intervention by the users. I know the risk batter than u and so my risk was at 3. If someone sell u a banana a nd in your bag u find a mushroom i think u will ask a refund. Also look strange that u registered in myfxbook few minutes before posting ur suspect post, jimmeh or maybe Brenton or aka the way u with to call u. This is a scrap and the people Who do not under stand this or are sleeping or are in some way involved. Strange that u poster only now, where u was last weeks?

Running only Expert advisors with good long term backtests and nice forward tests
corre71
Feb 02 2014 at 15:05
256 posts
It' good to year from Sphantom they say! What they stated? Have u recevied some explanations by e-mails? It is so hard to find 2 minutes to explain in detail the fact, the cause s and remedies? The fact is that there is nothing to explain! Now lot of new satisfied users will appear to say all is OK. Sphantom, i call you and give us the exact nome of ur Company and ur address if u are seriuos and take the responsability of ur fault! Otherwis all what u or ur friends says are only demonstration that here there is something worst than a scam, here there is a fraud. Spahntom, show ur self and let us have ur Company details. I am stil waiting!

Running only Expert advisors with good long term backtests and nice forward tests
GPzz (GPzz)
Feb 02 2014 at 15:05
16 posts
I keep reading a torrent of comments about how should be the pricing, S/L and the most various strategies.. and I wonder how almost none of you switched off the EA before such important incoming news. I wonder of it specially after having experienced the same unproper behaviour during the past few weeks..
If you play FOREX EA you cannot just ignore the rule n.1: Mind the Economic Calendar (Button Home of this page) and ALWAYS switch your EA off before red news! Otherwise who else can you claim to be responsible for your misfortune?
I don't dicount anything to sPhantom which has to clarify this unbelievable trade, but at the same time it could be easily avoided.

corre71
Feb 02 2014 at 15:15
256 posts
GPzz posted:
I keep reading a torrent of comments about how should be the pricing, S/L and the most various strategies.. and I wonder how almost none of you switched off the EA before such important incoming news. I wonder of it specially after having experienced the same unproper behaviour during the past few weeks..
If you play FOREX EA you cannot just ignore the rule n.1: Mind the Economic Calendar (Button Home of this page) and ALWAYS switch your EA off before red news! Otherwise who else can you claim to be responsible for your misfortune?
I don't dicount anything to sPhantom which has to clarify this unbelievable trade, but at the same time it could be easily avoided.

They several Times stated that this not need any human intervention and is also stated in their website.
I run also a wally and Vol Fac and they have news filter. The vendor any way suggests to not switch the news filter on and so i did. During These days both hade profitable trades on eurusd and other pairs (u can check on their myfxbook accounts). The problem is not the news but the fact that here there is no ea calculating when to exit from a losing trade. With no risk managment ur account will disappear on day or the other. The problem is not i fan ea is profitable or not but if this ea exist or not, if what they guaranteed is real or not and i think the reality is clear to every one. I hope for u to not run anymore this scrap on ur accounts.

Running only Expert advisors with good long term backtests and nice forward tests
ForeignDevise
Feb 02 2014 at 16:00
15 posts
@GPzz I agree, its your own responsibility to stop ea's before and during news. Especially if the system has no reasonable sl (this was easy to see on myfxbook) and in forums, there are people calling the vendor a scammer.
@corre71 in the last weeks the 'newsfilter' was obviously turned off and the sl was never hit before. The system is no scrap, with some tweaks and good moneymanagement on your side it was/is a nice system - still about 15% monthly.

Bogdan
Feb 02 2014 at 16:06
4 posts
come on!
1 week ago, here were only fans of this vendor.. and now most of You are very disappointed !
It was discussed several times, that the main issue is MM !
Sorry for quoting myself, but please take at look at this discussion :
https://www.myfxbook.com/community/trading-systems/sphantom-auto-trader/562877,35

someone, who treates forex business seriously, put reasonable lot position..

lets see, what happened if you put 'reasonable' risk: 0,2 lots (10k account):

1st pos = lost 146 pips = ca 300 usd
2nd pos= lost 118 pips = ca 240 usd

So, total lost last Friday = 540 usd = 5,4 % !!

This would never blow up your account ! But if you expect be milionares in few month.. you must accept to lose all you had :)


corre71
Feb 02 2014 at 16:56
256 posts
ForeignDevise posted:
@GPzz I agree, its your own responsibility to stop ea's before and during news. Especially if the system has no reasonable sl (this was easy to see on myfxbook) and in forums, there are people calling the vendor a scammer.
@corre71 in the last weeks the 'newsfilter' was obviously turned off and the sl was never hit before. The system is no scrap, with some tweaks and good moneymanagement on your side it was/is a nice system - still about 15% monthly.


I was running it at 3%, what else i can do? Plus read the previuos posts! They stated it don' t need any intervention from ourr side! If u like continue to run this scrap, but don't say that we some foult in this shit!

Running only Expert advisors with good long term backtests and nice forward tests
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