Discusión sPhantom Auto Trader

Kudos sPhantom! In less than 2 months, and in 23 trades, it has paid for itself! 😎

Hell, mine was paid for the first trade!

Have you seen sphantom trade that it took today? the EURUSD was still going down my Chart was set to take 21 pips and sphantom didnt close the trade properly good thing i have forextrailing bot for trailing and locking in profit.
It is now x3 in profit. what a nice thing :)

Michigander posted:
Hell, mine was paid for the first trade!

hahaha, it's possible if your deposit very huge. :)

Michigander posted:
Hell, mine was paid for the first trade!

Great account Ken,

May I ask what rrisk factor you use with the 1:888 leverage?

sPhantom posted:

my_ea posted:
today they got same trade open right after 15 seconds , for sure they are using Profit Empire Robot with their own style

Dear @my_ea

I checked they report on FPA and I should say they have their own trading strategy which is not even close to sPhantom. They have started they account on 23/8/2013 while we started on 21/5/2013.

We are working hard to keep the EA on success and we are always ready to to protect our efforts. Please make sure about your thoughts before sharing them on a public forum.


Regards

I do not agree, Profit empire make different trades and not the same as Sphantom

adele posted:
How good is the trade copier? Can we expect to get almost all the trades and roughly the same number of pips (assuming we are using an ECN broker with low latency) as the vendor?

Till now i have got the same exact trades also if i do not use so low spread account. I am using a normal Activtrades STP account but soon i will pass it on a Pro account. Till now very good

ProActiveT posted:

Michigander posted:
Hell, mine was paid for the first trade!

Great account Ken,

May I ask what rrisk factor you use with the 1:888 leverage?

If you permit me, don't use large risk factor! i use risk 5. Balance must grow slow and steady!!

ProactiveT said: Great account Ken, May I ask what risk factor you use with the 1:888 leverage?
I run pretty aggressive and I don't use the risk level. I trade a fixed lot size at 1 std lot for every 5,000 of capital so I trade 3 std lots on 15K. I do not compound. Profits are transferred out weekly. I am making about a grand a week. Sometimes a little more, sometimes a little less. 4 months and I'll be playing completely with the house's money.

corre71 said: If you permit me, don't use large risk factor! i use risk 5. Balance must grow slow and steady!!
I'm sorry but I don't do slow and steady. I do work to assess risk and I do work to manage risk, but I don't trade with scared money. We know the 250 is a catastrophic stop so the true stop is somewhere in between. Assuming the 250 pip stop loss is hit on a trade though, that's a 7,500 dollar or 50% hit on the account, but I think that's a relative risk worth taking. I'm already halfway home, to being able to absorb that hit and not affect my seed money. In 4 months, I'll be trading completely on the house's money. At least that's the plan. I do trade other systems so in the big picture, if I do take the hit on this it wont be a massive portfolio hit because I don't have all my eggs in one basket.

R3DWiNG posted:
Have you seen sphantom trade that it took today? the EURUSD was still going down my Chart was set to take 21 pips and sphantom didnt close the trade properly good thing i have forextrailing bot for trailing and locking in profit.
It is now x3 in profit. what a nice thing :)

I'm not sure to understand your statement properly? Mine was close after 10pips like usual.
What is your configuration? When you say sPhantom didn't close the trade, what are you reffering to? Usually trades not closed are more on the broker side, didn't happened to me yet.

Thanks for your precisions.

PS I have to admit that I would have take a 50pips profit instead of 10 this time ;). But better safe than sorry I guess. This EA diminish its risk by closing the transactions quickly.

corre71 posted:

ProActiveT posted:

Michigander posted:
Hell, mine was paid for the first trade!

Great account Ken,

May I ask what rrisk factor you use with the 1:888 leverage?

If you permit me, don't use large risk factor! i use risk 5. Balance must grow slow and steady!!

You are right about minimizing the risk. I'm currently at 30 like the demo account, but the money on the table is money I can afford to loose. Since my broker gives bonus on deposits that are not calculated in the balance to calculate lot size, I went higher. But I will diminish it as I make more deposit.

It's all a question of risk aversion/profit appetite.

R3DWiNG posted:
Have you seen sphantom trade that it took today? the EURUSD was still going down my Chart was set to take 21 pips and sphantom didnt close the trade properly good thing i have forextrailing bot for trailing and locking in profit.
It is now x3 in profit. what a nice thing :)

Hi R3DWING,

i am sure the sphantom will be more profitable with a trailing.
Could you please tell me more about your forextrailing bot.
Regards

Michigander posted:

ProactiveT said: Great account Ken, May I ask what risk factor you use with the 1:888 leverage?
I run pretty aggressive and I don't use the risk level. I trade a fixed lot size at 1 std lot for every 5,000 of capital so I trade 3 std lots on 15K. I do not compound. Profits are transferred out weekly. I am making about a grand a week. Sometimes a little more, sometimes a little less. 4 months and I'll be playing completely with the house's money.

corre71 said: If you permit me, don't use large risk factor! i use risk 5. Balance must grow slow and steady!!
I'm sorry but I don't do slow and steady. I do work to assess risk and I do work to manage risk, but I don't trade with scared money. We know the 250 is a catastrophic stop so the true stop is somewhere in between. Assuming the 250 pip stop loss is hit on a trade though, that's a 7,500 dollar or 50% hit on the account, but I think that's a relative risk worth taking. I'm already halfway home, to being able to absorb that hit and not affect my seed money. In 4 months, I'll be trading completely on the house's money. At least that's the plan. I do trade other systems so in the big picture, if I do take the hit on this it wont be a massive portfolio hit because I don't have all my eggs in one basket.
I also use other systems. It is very important. And also to risk only money you can afford to loose!

R3DWiNG posted:
Have you seen sphantom trade that it took today? the EURUSD was still going down my Chart was set to take 21 pips and sphantom didnt close the trade properly good thing i have forextrailing bot for trailing and locking in profit.
It is now x3 in profit. what a nice thing :)

I thought of emailing the vendor to see if they were planning on adding a trailing stop feature. Good idea R3DWiNG. I just put a trailing stop manager on mine also.

What a weird transaction opened today. At 1.3642, I would have done the opposite and sell... It's hitting big!

You open possession 1 hr before Bernanke Speaks !!!! .... This is not good ... Hope we can rescue with our accounts

wow, not so hot today...

Does anybody know why I am missing one of the current trades? I am using IBFX on the US with risk 20.

Sphantom: https://imgur.com/ihJndIk,skjGYSC#1
Mine: https://imgur.com/ihJndIk,skjGYSC

borncorp posted:
Does anybody know why I am missing one of the current trades? I am using IBFX on the US with risk 20.

Sphantom: https://imgur.com/ihJndIk,skjGYSC#1
Mine: https://imgur.com/ihJndIk,skjGYSC

check your MT4 logs to find any error.
maybe your account cant handle another trade of 4lots!
what's your free margin %?