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.
I AM IMPRESSED.
The SPhantom team could have packed up shop and gone on holiday, but they have not.
I am sure they were filled with as much dread as we were as they watched the trade go down the toilet.
We all knew the short comings of sPhantom and we lived with that and still bought it because their algo works........ MOSTLY.
Its the MOSTLY part that we have to manage. I took a 82% hit. And The sting hurts. But I still like their algo and will continue to use it.
What struck me during the trade was how little room there was to try and hedge out of the trade. SPhantom uses a large chunk of the margin.
There was a real opertunity that the trade would return to 1.3636 a one point. The team was probably hoping for that like I was. But the psychology of the market was running scared at that point. And so the fat lady sang.
A 100 pip stop loss is going to be trigged every 2 months or so. So I do not feel that is the answer.
A serious News filter 2 days in advance of of such serious announcements should help.