sPhantom Auto Trader Discussion

husar2003 posted:
the question is : will the ea or the traders behind the ea what gives the signal close the positions before the 250 PIPs.
Thre are many automated ea or manual traders with no SL at all which control the SL themselves and set any SL like 50 150 or 250 SL so the 250 PIPs wopuld just be an emergency break short before hell.;)

Can sphantom please answer the question ? Will the trader team or the ea itself control
the exit point after opening the positions or is the SL fixed ?

Hi

Yes. This EA uses emergency stop loss. It's 250 pips from the first position.

The EA may close both positions before SL point.


Regards

There's some issue with the robot. after it closes trade (winning trade), it opens up another one then closes it immediately.

Well done, I've been watching the last two trades for more than 8 hrs.. they closed in overall profit.
Good job!

Hi sPhantom

I just bought your EA
I currently have not selected a broker to use this EA, but so far I've had an account at the 5-digit brokers, whether EA can be applied here?
is there a certain leverage matching recommended for this EA, is 1: 200 or 1: 400 or 1: 1000?



*my english is bad, I use google translet, I hope you understand what I mean

Bought this one before the weekend, and it has already swept in the purchase price and some more :)

Regarding all the fuzz about blown accounts : do your money management, and don't be greedy. Run it on low risk and simply bring more money to play with ;-)

sPhantom, just go on with your service :) may we all make a bunch of it ^^

LOW RISK might be the secert for all successfull accounts

Here for sPhantom n Fellow,

is there anything else that I might need to maximize the use of the EA is not listed in the manual page (pdf)? as the recommended settings? configuration?,
setting stop losses? and other things

I have yet to run its EA, so if the lot automatically set by EA?




*my english is bad, I use google translet, I hope you understand what I mean

I guess there is no SL-setting.
the lot size is automatically set.
I reduce from the default 10% to 5% and it opened still too much for me (what i'm willing to risk)
I will try to reduce risk setting further down.

To R3DWING: I've been having the same problem. Happened again last night. Closes trades, then almost immediately opens a new one for 2-3 sec, then closes. I emailed the vendor, who suggested I reboot mt4; but still happening.
Vendor: any other suggestions?

To husar2003: You can email sphantom and request their customized version which will allow you to set your own stop loss.

On a small $100 acct, you can set risk at 10%, and it will trade .01 lot; 20% will trade .02 lot, etc. The risk setting is not a percentage of risk to the account, but a lot size determiner.

You can also set the lot size by putting in the size you want to trade in the 'fixed lot size' parameter, and change 'use fixed lot' to 'true'.

risk Settings :
There is no EA in the market (or is ?) that has a 10% default setting fpr risk, i wonder this to be the default.
Lot size does not count alone . My leverage is 1:10 and my brokers minimum lot size is 0.1.
5% caused a 2 * 0.3 LOT (successful) deal last night.
I will allow 0.2 to 0.4 in total at this point.
Probably i have to divide risk factor by 10 to come down to LOT size 0.1 or 0.2.
I reduced today to risk value 2%.
Let's see what LOT size will be opened next.
(of course i could use fixed size, but if accout grows this should be adapted automatically and i like to understand this risk value)

'sudden close' issue :
As mentioned it opened 2* 0.3 LOT BUYS on setting 5% risk last night
and worked fine. No technical 'immediately close' occurred.

R3DWiNG posted:
There's some issue with the robot. after it closes trade (winning trade), it opens up another one then closes it immediately.

Hi

Please contact our support about your problem.


Regards

At first I thought it calculates lot size as usual using leverage... Etc
But it just takes the percentage from your initial deposit, no matter what leverage you're using
So 10% of 3000 = 0.3
And this will apply to the recovery trade also. So your positions are 2 x risk factor
Sl for first position is 250 and if it opened a recovery position away from the first one by 30 pips, its SL would be 220.. And so on
Thats how we should calculate our potential risk and floating dd

yoed posted:
Hi sPhantom

I just bought your EA
I currently have not selected a broker to use this EA, but so far I've had an account at the 5-digit brokers, whether EA can be applied here?
is there a certain leverage matching recommended for this EA, is 1: 200 or 1: 400 or 1: 1000?



*my english is bad, I use google translet, I hope you understand what I mean

Dear Yoed

Your broker is OK.

We recommend 1:200 leverage.


Regards

yoed posted:
Here for sPhantom n Fellow,

is there anything else that I might need to maximize the use of the EA is not listed in the manual page (pdf)? as the recommended settings? configuration?,
setting stop losses? and other things

I have yet to run its EA, so if the lot automatically set by EA?




*my english is bad, I use google translet, I hope you understand what I mean

Hi

Please use EA default settings.

sPhantom calculates the lot size based on your account balance.


Regards

husar2003 posted:
I guess there is no SL-setting.
the lot size is automatically set.
I reduce from the default 10% to 5% and it opened still too much for me (what i'm willing to risk)
I will try to reduce risk setting further down.

Hi

The risk setting only affects the trades lot size.

To be able to change the SL level contact our support service and ask them about custom version.


Regards

Anubis posted:
To R3DWING: I've been having the same problem. Happened again last night. Closes trades, then almost immediately opens a new one for 2-3 sec, then closes. I emailed the vendor, who suggested I reboot mt4; but still happening.
Vendor: any other suggestions?

Hi

This issue rarely happens in some brokers. We will fix it on next update.

Thanks for your patient.


Regards

husar2003 posted:
risk Settings :
There is no EA in the market (or is ?) that has a 10% default setting fpr risk, i wonder this to be the default.
Lot size does not count alone . My leverage is 1:10 and my brokers minimum lot size is 0.1.
5% caused a 2 * 0.3 LOT (successful) deal last night.
I will allow 0.2 to 0.4 in total at this point.
Probably i have to divide risk factor by 10 to come down to LOT size 0.1 or 0.2.
I reduced today to risk value 2%.
Let's see what LOT size will be opened next.
(of course i could use fixed size, but if accout grows this should be adapted automatically and i like to understand this risk value)

'sudden close' issue :
As mentioned it opened 2* 0.3 LOT BUYS on setting 5% risk last night
and worked fine. No technical 'immediately close' occurred.

Hi

Based on your leverage the maximum acceptable risk for your account is 4.

Regards

This system and vendor has been on Myfxbook many times.

Before sPhantom there were these.

https://www.forexpeacearmy.com/public/review/www.fxhelm.com

https://www.forexpeacearmy.com/public/review/www.FxPapa.com

https://www.forexpeacearmy.com/metatrader_expert_advisor/fx_papa/real

https://www.forexpeacearmy.com/public/review/www.cyber-forex.com

https://www.forexpeacearmy.com/metatrader_expert_advisor/cyber_forex/real


Good luck with your outcome.