To use chat, please login.
Back to contacts

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

arya
forex_trader_[12567]
Feb 02 2014 at 08:28
276 posts
sPhantom posted:
Dear Clients

We as you have very hard moments.

We are creating a new update for this EA.

We will let you as soon as it gets ready.

We have about 1000 unanswered email. Please be patient. We will answer all of them. It may take up to 1 week.

Thanks for your support.

Regards


Good one. i hope that day was not because of the update 😭

Silverthorn (Silverthorn)
Feb 02 2014 at 08:41
268 posts
I still believe this EA has promise. Not a customer yet but still seriously thinking about it.

Call me stupid but I still think I can manage this beast and kind of think that seeing it at it's worst helps plan for correct money management for it's future.

Still on my watch list. 🙄

You can't spend open trades.
forexpipcatcha
Feb 02 2014 at 09:17
325 posts
Silverthorn posted:
I still believe this EA has promise. Not a customer yet but still seriously thinking about it.

Call me stupid but I still think I can manage this beast and kind of think that seeing it at it's worst helps plan for correct money management for it's future.

Still on my watch list. 🙄


In that case it's not the EA you are concerned with but it's signals and this implies the EA is crap but I do agree with you to some point. I did trade some of it's signals entering at better price but to catch it's signals is hard unless you are unemployed and have no life or friends and is sitting there watching the screen. However in saying this if someone can make some sort of SMS signal as to when it signals a trade it could be worth pursuing.

Vitautas
Feb 02 2014 at 09:37
51 posts
Silverthorn posted:
I still believe this EA has promise. Not a customer yet but still seriously thinking about it.

Call me stupid but I still think I can manage this beast and kind of think that seeing it at it's worst helps plan for correct money management for it's future.

Still on my watch list. 🙄


I think the same. But I definitely will not pay 300$ for that. It's worth maybe 50$. Maybe the seller will be reasonable and not just realease again a 'new' EA and start the game again.

Silverthorn (Silverthorn)
Feb 02 2014 at 09:47
268 posts
forexpipcatcha posted:
In that case it's not the EA you are concerned with but it's signals and this implies the EA is crap but I do agree with you to some point. I did trade some of it's signals entering at better price but to catch it's signals is hard unless you are unemployed and have no life or friends and is sitting there watching the screen. However in saying this if someone can make some sort of SMS signal as to when it signals a trade it could be worth pursuing.


Hmm Not everybody needs a 9 to 5!! 😉

I'd still run it as an EA with very high risk settings from day one on a small mini account and withdraw all profits weekly.

It will probably burn out every other month but I think from what I've seen it should be possible to cover the loss with a handsome profit.

The biggest problem I see is that because it is basically a copy trader there is no way to back test to try different money management methods. So watch and wait I must.

You can't spend open trades.
forexpipcatcha
Feb 02 2014 at 10:03
325 posts
Someone was already smart enough he took out 50% of all profits per month which means even though he burnt out as well he made the best profits from it.
Your method leaves a lot to be desired especially when little thought has gone into it for example... lets say you took out the profits every month for ten months you made profits BUT within the ten months it burnt out as it did and lost at least ten months worth (worst case SL is 250 pips worth) of profits considering that at that stage two trade would have been taken implies you made nothing lol but wasted money and resources especially my time having to read rubbish from people with low numerical ability but it's good to see you haven't lost faith in some rubbish designed EA like most are (99%). There are a few worth considering.

Silverthorn (Silverthorn)
Feb 02 2014 at 10:39
268 posts
Feel free to speak your mind mate. Don't hold back at all!!

But your making a lot of assumptions without being fully informed. Still thanks for your input.

Cheers!!

You can't spend open trades.
arya
forex_trader_[12567]
Feb 02 2014 at 10:54
276 posts
forexpipcatcha posted:
Someone was already smart enough he took out 50% of all profits per month which means even though he burnt out as well he made the best profits from it.
Your method leaves a lot to be desired especially when little thought has gone into it for example... lets say you took out the profits every month for ten months you made profits BUT within the ten months it burnt out as it did and lost at least ten months worth (worst case SL is 250 pips worth) of profits considering that at that stage two trade would have been taken implies you made nothing lol but wasted money and resources especially my time having to read rubbish from people with low numerical ability but it's good to see you haven't lost faith in some rubbish designed EA like most are (99%). There are a few worth considering.


Right, we should regularly withdraw the profit. we should not be greedy.

Silverthorn (Silverthorn)
Feb 02 2014 at 11:24
268 posts
Vitautas posted:
Silverthorn posted:
I still believe this EA has promise. Not a customer yet but still seriously thinking about it.

Call me stupid but I still think I can manage this beast and kind of think that seeing it at it's worst helps plan for correct money management for it's future.

Still on my watch list. 🙄


I think the same. But I definitely will not pay 300$ for that. It's worth maybe 50$. Maybe the seller will be reasonable and not just realease again a 'new' EA and start the game again.


Yeah. At $50.00 I'd go for it!! But you'r right. A 'New' release would be very tasteless.

You can't spend open trades.
FXJester
Feb 02 2014 at 11:51
13 posts
sPhantom posted:
Dear Clients

We as you have very hard moments.

We are creating a new update for this EA.

We will let you as soon as it gets ready.

We have about 1000 unanswered email. Please be patient. We will answer all of them. It may take up to 1 week.

Thanks for your support.


Regards



But its not an issue with the trade copying that caused the loss, its #1 the signal sent just before major US news and #2 failure to manually stop the trade earlier. Both issues are nothing to do with the EA - they are more to do with the trader.

Perhaps he's adding a news filter option and personal stop loss - a few more details like that would have been great at this point.

One bit of good news that is implied from his email is that he is still prepared to continue with the service.

I wonder if his 'it may take up to 1 week' will also extend to the next signal? I hope not because I want to start to make up some of my 20% loss.

Please login to comment .