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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

corre71
Feb 02 2014 at 13:41
256 posts
gombosg posted:
fxbook89 posted:
Avangate seems to be a honest processor. I got a reply from Avangate as thus :

Dear Software Publisher,

We are writing to inform you that we have received a refund request from
the customer with the Avangate order #xxxxxx [Date : Time].

The reason for this refund request [provided by the customer] is:

=================================================================

From: xxxx <xxxxxxx>
To: support@avangate.com;service@sphantom.com

CC: Add Comments
Subject: [Refund] Ticket: xxxxxxxxx


=================================================================

Please confirm if you agree for Avangate to make this refund. If not,
please contact the customer directly, in an attempt to solve his issue:

Client Name: xxxxxxx,
Client E-mail: lxxxxxxxxxx
Amount: 299 USD

Product: 1 x sPhantom Auto Trader

Please note that if an answer is not received within a time interval no
greater than 5 business days, we
will consider that you agree to this refund request, and we will proceed
with the cancellation of the above mentioned order, based on the
customer's request. For an efficient solution, you should always reply
this notification.

We are looking forward to your confirmation. Please contact us by e-mail
at support@avangate.com

Sincerely yours,

Avangate Team
https://www.avangate.com
support@avangate.com


Good to know that, I'm instantly forwarding a request to Avangate.


I have also forwarded a claim to Avangate but i had no reply Till now!

Running only Expert advisors with good long term backtests and nice forward tests
gombosg
Feb 02 2014 at 13:42
22 posts
leverconsult posted:
BluePanther posted:
leverconsult posted:
bkforex posted:
I would not consider buying any EA that has a risk / reward ratio higher than 1 : 1.


No ea, not even one, is ever successful over the long term. EA is for gamblers, MANUAL TRADING is for traders.


I disagree: EAs are for intelligent traders, MANUAL TRADING is for gamblers (and sometimes traders).

You cannot create an EA without being able to explicitly define your system. Any good manual trader has discipline to follow their system TO THE 'T'. But 90% of traders lose money in forex - usually attributed to a lack of discipline and emotional interference. Isn't this what is called 'gambling'?

EAs lose money because either the strategy is poor to begin with, or the wrong settings are used (or you are using a scam broker, in which case you have NO HOPE of making money trading!). They are a program and do not 'gamble' per se.


dont get it wrong,the eas are not the gamblers, but the one who utilizes them with the unrealistic expectation is the true gambler
why would an 'intelligent trader' rely on a programme created by an unknown
show me all successful traders and ull see core manual trading behind the scene
for those who have been observing proper money mgt, having a diverse risk portfolio and thirdly having an indepth knowledge of ea workings, what has happened to sphantom now shouldnt throw you off balance.
per adventure, if you know of any of such programme that is guaranteed to make and keep making you money, it would be helpful to the forum
just a little proof - go to forexpeacearmy, click on expert advisor test, click on weeks to take you to the longest standing eas and see for yourself the amount these eas make weekly and their performance curves😄
this is even talking about the ones that have survived for close to a year, not to even talk aout the numerous that have crashed and burnt


Note that sPhantom was one of the most promising EA on forexpeacearmy with a long, good track record.

rameezcfa
Feb 02 2014 at 13:42
75 posts
Has anyone got official email reply from sPhantom??

corre71
Feb 02 2014 at 13:42
256 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


To reply to 1000 emails u would need up to 1 week. But since i think most of them have ask ed u the same things u will need 30 second do explain where was the analist Who was supposed to be on the market and Why These trades was released in the worst moment possible and when u will release new version and in what it will consist. Ur behaviour was absolutely not professional to not reply no one time here in that so bad moments. So now start to discuss with us here and explain the situation

Running only Expert advisors with good long term backtests and nice forward tests
corre71
Feb 02 2014 at 13:42
256 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. 🙄[/quote

Flip a coin after NY Session and buy or sell with Tp 10 and sl 200, it's free and u'll have similar risults (a lot of Winning trades in a ora and few trades that will blow ur account. U are lucky to not have bought it and u are stil thinking about it?

Running only Expert advisors with good long term backtests and nice forward tests
jiang
Feb 02 2014 at 13:42
36 posts
If one customer send an email,then sPhantom have about 1000 users now.
300$*1000=300000$
So Damn Much Money!!!

forexpipcatcha posted:
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


LOL @ you... your hard moments was to spend all the peoples money that bought your crap? Annnnndddd now you want to alter it so they can lose again and again?
What is your compensation?

corre71
Feb 02 2014 at 13:42
256 posts
forexpipcatcha posted:
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


LOL @ you... your hard moments was to spend all the peoples money that bought your crap? Annnnndddd now you want to alter it so they can lose again and again?
What is your compensation?


Bad moments? U lost 800 usd in ur micro account while u earned hundreds thousand dollari selling a supposed ea? A real ea does not use stop loss to ex it from a losing trade, but ex it based on market conditions, eaxh one with his on calculation. If u trade with a risk reward ratio 20/1 or also 6/1 in the medium term u can only lo osé money and u know. The ea can be profitable only if it isnable to CUT losses. But ur is not an ea, and we all know it. And now u want we think that u will be albe to realize it only because u wrote few words?

Running only Expert advisors with good long term backtests and nice forward tests
CasholeLTD
Feb 02 2014 at 13:43
24 posts
Don't forget that they didn't ruin their account, it still has 200% profit. Yeah it had a bad trade that could have been avoided, but its still alive. I am not defending them or their methods, but people act like it's the end of the world. You knew that there was a chance of losing money as with anything to do with forex, you obviously used money that you don't mind losing, otherwise you wouldn't be using it.. would you?

If you don't have time to trade, let us do it for you!
jiang
Feb 02 2014 at 13:43
36 posts
If it is a bomb like other bad Martingale EA,you will not know when it burn out.
Silverthorn posted:
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.

ghaikee
Feb 02 2014 at 13:43
1 posts
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