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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

Silverthorn (Silverthorn)
Mar 18 2014 at 00:50
268 posts
Spread setting a bit too tight to catch the 1 min long second trade on the way up.

You can't spend open trades.
kppk130
Mar 18 2014 at 06:53
1 posts
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?

pilotas
Mar 18 2014 at 07:02
58 posts
only sphantom can buy at very very top :)

Brendan777 (Brendan777)
Mar 18 2014 at 07:06
101 posts
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.

corre71
Mar 18 2014 at 07:56
256 posts
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!

Running only Expert advisors with good long term backtests and nice forward tests
user111
Mar 18 2014 at 10:44
26 posts
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?

corre71
Mar 18 2014 at 11:09
256 posts
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!

Running only Expert advisors with good long term backtests and nice forward tests
corre71
Mar 18 2014 at 11:11
256 posts
Time filtering and news filtering is the only way to try to recover from this 'EA' what we payed for the license!😐

Running only Expert advisors with good long term backtests and nice forward tests
Michigander (Michigander)
Mar 18 2014 at 12:37
321 posts
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 kengrakauskas@swissmail.org 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!

War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
jiang
Mar 18 2014 at 14:20
36 posts
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 kengrakauskas@swissmail.org 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?😈

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