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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

Anubis (Anubis)
Dec 29 2013 at 01:22
87 posts
Hello ProActiveT,

Welcome to the club. I have had sPhantom for one month, and very satisfied with 22% gain. All of your settings seem to be spot on. The only problem I was having was it would open a trade immediately after closing. The trade would last only a few seconds, then close, usually at a very small loss. After emailing support, they suggested setting HIDE_SL_TP to true. Since then, no problems. Heres what else: Bring your chart history up to date, and your bars on chart up to date. Seems to run a little better with history current. In regards to leverage, I guess it depends on your risk aversion. Mine is set to 1:200 on a $1000 acct. to avoid a margin call if the situation goes really bad. Although the vendor uses higher risk, they only risk $100 (the initial deposit). So far, the EA has worked like a charm. I also use VPS because I don't trust my internet connection. My broker provides it for free with a $1000 balance. The risk percent seems fine. As you use it and trust it more, you can increase it, since it is not an indicator of how much of a percentage you are risking, but tells the EA the lot sizes. With a setting of 10, on your balance, I believe it will open lot sizes of .065 or in that area ( .01 per $100 ). Mine is 15, and my SL is set to 150, as opposed to the default 200. If you set yours to 20, your lot sizes will be around .12 which for me would be a little too high. And I always withdraw the profits regularly, once every week or two. In one month, my withdrawls have been over $200. Well enjoy. My fxbook page is: sphantom-Anubis2.😄

"Risk means more things can happen than will happen."
Punani
Dec 29 2013 at 15:00
4 posts
@sPhantom

Dear sPhantom,
will you trade next week ?🙄
Regards

261869247
Dec 29 2013 at 15:00
1 posts
TheSmokedAce
Dec 29 2013 at 15:02
67 posts
I am not sure if anyone asked this, but if the logic sits on your server and not on my EA, then if you ever shut of your server for any reason, say bored, or the fact that you dont make money monthly, but just ones when you sell the software, what happens then? am i screwed?

Michigander (Michigander)
Dec 29 2013 at 16:14
321 posts
261869247 posted:
怎么联系你们购买


https://www.sphantom.com/

War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
Michigander (Michigander)
Dec 29 2013 at 16:44
321 posts
TheSmokedAce posted:
I am not sure if anyone asked this, but if the logic sits on your server and not on my EA, then if you ever shut of your server for any reason, say bored, or the fact that you dont make money monthly, but just ones when you sell the software, what happens then? am i screwed?


Yes, essentially, you are screwed. Not saying they will, they'll tell you it will never happen, but it does happen. That's why you can never rely on any one system. It may work for awhile, then quit (see Forex Growth Bot for a perfect example), or they may just decide to pack up and quit. You can be screwed when its on your computer.

Several years ago, a developer by the name of Forex Scam relentlessly pointed out the systemic flaws and lies of many EA's. Not just lame accusations like jarora and cowpoop routinely sling but real hard facts. He sold an EA as well that I purchased (can't even remember the name of it anymore) that had an MQL lock. One month after I bought, he quit paying the MQL bill, the locks were disabled, and everyone's systems went down, and Forex Scam disappeared from the face of the earth. It just happens.

sPhantom has done a stellar job of communicating. I hope they remember that trait in the bad times as well. Companies tend to clam up when the shits hitting the fan. That's the time to be communicating. Say you screwed up, why it happened, and what your doing about it. Be the leader you supposed to be.



War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
ProActiveT
Dec 29 2013 at 19:18
22 posts
Hi Joseph,

I sincerely thank you for such a detailed answer!

I will watch closely my risk percent to change it through time. I will also correct HIDE_SL_TP to true.

It's good to know for the Vps included with your Trades Way broker. How is the latency Tim between the server and the broker? Do you know who they are partnering with to offer it?


Have an Happy New Year!

GPzz (GPzz)
Dec 29 2013 at 19:20
16 posts
Hi Ken,
by reading your words it seems you use EAs since long time. I am new to this field and just had a nice month with sPhantom. I'd like to add one more reliable EA, would you suggest any that you are using right now in a good balance safety/profits?

sPhantom (sPhantom)
Dec 29 2013 at 22:12
62 posts
Punani posted:
@sPhantom

Dear sPhantom,
will you trade next week ?🙄
Regards


Dear Traders

Because of new year holidays there will be no trade till 5 Jan.

We completely understand that all clients prefer to have trade and profit but after many studies on current market conditions we decided to avoid trading till 5 of Jan.

We appreciate your support.


Best Regards

Anubis (Anubis)
Dec 29 2013 at 22:40
87 posts
Hi ProActiveT,

The VPS Traders Way offers is their own server. The last ping test I ran came in at 20ms. It varies though. When the market is slow, like the Asian session, the latency is a little more. During the London/US session, it's faster. I have compared the openings of the vendors trades to mine, and they are almost exactly the same each time in regards to opening/closing times.

"Risk means more things can happen than will happen."
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