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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

fxbook89
Jan 31 2014 at 16:41
64 posts
I just bought this a week back and had claimed refund about 3 days ago even before this DD. If they do not refund I shall make chargeback on my creditcard. You may also put forward your claim to Avangate.

Since they asked for 300$ upright , and not as a subscription monthly or yearly, it is clear that they already know this mishap wouuld happen sooner or later, and by this time they can amasss as much 300$ as they can get and appear again under a new name.

Hence file your complaint to Avangate immediately, so that they can block payments to this merchant.

If not you can still do a Chargeback on your CC.

Thanks

corre71
Jan 31 2014 at 16:50
256 posts
I suggest to all the new buyer of the software to contact Avangate and to strongly press them to stop the procedure to take our money! i will write them an e-mail later if i will not receive any reply from Sphantom. I am a lawyer and here i see a fraud and a fraud in my country is a crime. And Avangate which is a big Company must be aware of this. If i will not receive the refund from them i will contact Police Telecommunication Dep and will see!! I have bought a lifetime license of a software which is not working! is not for the 299 $ but i will not accept to be treated like a stupid without doing nothing! This is a clear message; in my country we say: Chi deve capire capisca = who must undersatand will understand!

Running only Expert advisors with good long term backtests and nice forward tests
gombosg
Jan 31 2014 at 16:50
22 posts
Definitely, especially for those who just bought it like me. At least is could recover the losses it made...

corre71
Jan 31 2014 at 16:51
256 posts
jiang posted:
All guys,I have told you the sPhantom is fx_papa.
jiang posted:
Hello,all guys,
After I study the trade records for sPhantom && fx_papa again and again
(URL: https://www.forexpeacearmy.com/metatrader_expert_advisor/fx_papa/real)
,I am hundred percent sure that sPhantom is a reborn for fx_papa.
    Why? Let me prove it.
  1.For fx_para,there are some records with 2 positions or 3 positions to win EURUSD/GBPUSD,for example ,the following two trade record closed at the same time for fx_para

23814035 2012.04.18 04:00 buy 0.57 eurusdm 1.31235 0.00000 0.00000 2012.04.18 13:56 1.30975 0.00 0.00 0.00 -14.82 -26
23819475 2012.04.18 12:50 buy 0.57 eurusdm 1.30633 0.00000 0.00000 2012.04.18 13:56 1.30975 0.00 0.00 0.00 19.50 34
  
   sPhantom win some trades with 2 position on EURUSD

 2. sPhantom and fx_para have big stoploss when 2 trades failed.

 3.They have the same broker (IBFX Australia Pty Ltd) for test

 4.Firstly I do not understand why the Avg. Trade time Length for 10 pips is so long,but when you compare the Analytics

https://www.forexpeacearmy.com/metatrader_expert_advisor/s_phantom/real/analytics
Average trade length: 11 hours 50 minutes
Average trades opened daily/weekly/monthly: 1/4/14 ( EURUSD,not open trade for Friday)
https://www.forexpeacearmy.com/metatrader_expert_advisor/fx_papa/real/analytics
Average trade length: 8 hours 5 minutes
Average trades opened daily/weekly/monthly: 2/5/22 (GBPUSD and EURUSD)

The are very similar.Why? I find sometimes the first position is not a perfect position when the trade following the trend,they open at a high position when long,a low position when short,so it took much time to save the first position with the second trade.

 What it the problem or the risk for sPhantom && fx_papa?
For fx_para,

1. He stopped trading after a 40-50% Drawdown from 3 trades
2. he has made his live myfxbook system private
3. his EA failed to trade within its set sl llimit

For sPhantom,
  A live analyst will not open trades before the big news, so maybe the trend will not reverse with the news.I am afraid when
the analyst make a wrong decision.

If you decide to use sPhantom ,how to reduce the risk? You need to make a balance with the profit and the risk carefully,
reduce the SL or take small lots.Or when trend reverse,you can close the trades manually.


What about the vendor for sPhantom? I want to say,You are a clever guy,but not honest.If the customer accounts end like the fx_para again,how you feel? I understand it is not a easy job to build a EA,but you need to tell the customers about the risk for sPhantom or fx_para.

Thanks
Jiang





I think he really don't care and feels very good with our money in the pocket!

Running only Expert advisors with good long term backtests and nice forward tests
ForeignDevise
Jan 31 2014 at 16:51
15 posts
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

corre71
Jan 31 2014 at 16:51
256 posts
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.


I agree with you to about Forexpeace army but i think that FPA is not so intersted. I am almost sure that in the list of the EAs watched there are a lot of scams too!!

Running only Expert advisors with good long term backtests and nice forward tests
corre71
Jan 31 2014 at 16:52
256 posts
My friends, i have just now sent an e-mail to Avangate informing them about this unpleasant situation. I invite all people which bought 'Scrappy' in january through Avangate to contact them asking a refund! If i will not receive a refund i will go to Italian Police for frauds in Telecommunications and will see!!! We didn't get what promised: the 200 pips S/L was only for secutirty reasons and was several times assured that the trades was not enabled when released important fundamental events! Also was included lifetime updates and support, and i do not see noone explaining us the situation!!

Running only Expert advisors with good long term backtests and nice forward tests
corre71
Jan 31 2014 at 16:52
256 posts
fxbook89 posted:
I just bought this a week back and had claimed refund about 3 days ago even before this DD. If they do not refund I shall make chargeback on my creditcard. You may also put forward your claim to Avangate.

Since they asked for 300$ upright , and not as a subscription monthly or yearly, it is clear that they already know this mishap wouuld happen sooner or later, and by this time they can amasss as much 300$ as they can get and appear again under a new name.

Hence file your complaint to Avangate immediately, so that they can block payments to this merchant.

If not you can still do a Chargeback on your CC.

Thanks

I did the same as per my previous post!!

Running only Expert advisors with good long term backtests and nice forward tests
corre71
Jan 31 2014 at 16:52
256 posts
fxbook89 posted:
I just bought this a week back and had claimed refund about 3 days ago even before this DD. If they do not refund I shall make chargeback on my creditcard. You may also put forward your claim to Avangate.

Since they asked for 300$ upright , and not as a subscription monthly or yearly, it is clear that they already know this mishap wouuld happen sooner or later, and by this time they can amasss as much 300$ as they can get and appear again under a new name.

Hence file your complaint to Avangate immediately, so that they can block payments to this merchant.

If not you can still do a Chargeback on your CC.

Thanks


How did you made this claim to Avangate, by e-mail like me?
Tnx

Running only Expert advisors with good long term backtests and nice forward tests
UncleSteve
Jan 31 2014 at 17:24
45 posts
what gives me the creeps is that there's no way sPhantom could benefit from allowing this to happen, and their track record proves they didn't have to.

Follow the money - the only party that benefits from this is IBFX, after many users buy the EA and then go with IBFX to avoid latency.

I finally have started to turn the corner and learn manual trading - no more EA's for me unless I can fully adjust the money management parameters myself.

"Press On" has solved and will always solve, the problems of the Human Race
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