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sPhantom Auto Trader (de sPhantom)
| Gain : | +694.0% |
| Drawdown | 91.94% |
| Pips: | 1266.4 |
| Transactions | 261 |
| Gagné: |
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| Perdu: |
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| Type: | Réel |
| Levier: | 1:400 |
| Trading: | Automatisé |
Discussion sPhantom Auto Trader
Jan 27, 2014 at 11:36
Yes, I closed out at a loss too - but seems that at the moment sPhantom closed out, there was a spike up and the latency in sending out the close signal and actually closing was enough to put me (us) at a loss. I think it's just unlucky on the timing of that spike. Sh** happened.
Jan 27, 2014 at 11:36
OK. Slight loss you say. Hmm.... you are lucky. I got hit properly with a nice loss. Second time round, took a small loss last week as well.Seems to happen when they have to open 2 trades and the technicals turn a little sketchy.
sPhantom keeps telling us to move to IBFX due to "Broker issues" but I am glad to hear you IBFX guys are also not getting sPhantom's myfxbook results. Not that, that is any comfort to me or you I would assume.
If I could ask though how often does it happen that you don't get the myfxbook results on your account. If it's happening 3 or 4 times per month, I think sPhantom might be nearing the end of it's usefullness soon. I.E Too many guys in with too much money creating a new trading environment that it can't deal with.
sPhantom keeps telling us to move to IBFX due to "Broker issues" but I am glad to hear you IBFX guys are also not getting sPhantom's myfxbook results. Not that, that is any comfort to me or you I would assume.
If I could ask though how often does it happen that you don't get the myfxbook results on your account. If it's happening 3 or 4 times per month, I think sPhantom might be nearing the end of it's usefullness soon. I.E Too many guys in with too much money creating a new trading environment that it can't deal with.
Membre depuis Dec 31, 2012
posts 97
Jan 27, 2014 at 11:37
My Sensus account closed with net positive for today's trade.
BLTW777@
forex_trader_38708
Membre depuis Jun 09, 2011
posts 6
Jan 27, 2014 at 11:48
hi guys,
I think this system has been lucky.
It earns around 115 pips a month on average.
In 18/11 was 2 trades open that had drawdown of -84 and -96, around -180 open floating drawdown.
This was very lucky to recover to profit. It can go the other way real fast.
My point is, sooner or later it will not return to positive and will happen a 500 pip loss. (-250pip Stop loss X 2)
It will take out the gains for last 5 months.
I think it has weak risk controls in place and will eventually catch up with it, just like a martingale system can go for years before crash.
The autotrade systems of $1M live and Axitrader offer better risk control and risk/reward ratio.
If i am wrong or missing some point, I like to hear.
I think this system has been lucky.
It earns around 115 pips a month on average.
In 18/11 was 2 trades open that had drawdown of -84 and -96, around -180 open floating drawdown.
This was very lucky to recover to profit. It can go the other way real fast.
My point is, sooner or later it will not return to positive and will happen a 500 pip loss. (-250pip Stop loss X 2)
It will take out the gains for last 5 months.
I think it has weak risk controls in place and will eventually catch up with it, just like a martingale system can go for years before crash.
The autotrade systems of $1M live and Axitrader offer better risk control and risk/reward ratio.
If i am wrong or missing some point, I like to hear.
forex_trader_159748
Membre depuis Oct 31, 2013
posts 102
Jan 27, 2014 at 12:12
250 PIPS is a technical security stop loss, NOT the final SL the traders behind will use ! This should be less.
forex_trader_38708
Membre depuis Jun 09, 2011
posts 6
Jan 27, 2014 at 12:19
yes, but these trades got to -84 and -96! so where is the SL?
What i am getting at is you need to allow for -250 X 2 just in case
What i am getting at is you need to allow for -250 X 2 just in case
forex_trader_38708
Membre depuis Jun 09, 2011
posts 6
Jan 27, 2014 at 12:23
there was trades last year also, got to -122 pips.
Jan 27, 2014 at 12:40
I think we suffered a latency in the signal itself. we have receive the close signal command from the sPhantom server too late. like if the web site used for the connection between our VPS and their VPS was suddenly bad or unresponsive for few seconds.
forex_trader_159748
Membre depuis Oct 31, 2013
posts 102
Jan 27, 2014 at 13:11
Today a loss of 2.1 pips.
forex_trader_159748
Membre depuis Oct 31, 2013
posts 102
Jan 27, 2014 at 13:12
loss close was on 1.3696 with me :(
Jan 27, 2014 at 13:35
I think we cant do something on our side. the problem is certainly on the sPhantom network side. I don't know where their servers are located, but they certainly don't have the control on a lot of things. like firewalls, internet connection etc... they certainly uses VPS like we are using.
wait and see if they'll post some comment on this issue as everybody was impacted except their own account.
wait and see if they'll post some comment on this issue as everybody was impacted except their own account.
forex_trader_38776
Membre depuis Jun 10, 2011
posts 26
Jan 27, 2014 at 13:57
I also lose about 5 pips today in my hotforex account. We need to resolve this problem asap and otherwise loosing amount will be greater..:(
forex_trader_166072
Membre depuis Dec 04, 2013
posts 5
Jan 27, 2014 at 14:48
jan222 posted:
there was trades last year also, got to -122 pips.
Worst trade is -23.1 pips. When the this system detects a change of trend, it triggers the early close.
Membre depuis Oct 06, 2013
posts 19
Jan 27, 2014 at 14:48
ftayeh posted:
I'm loosing to mach I use Alpari UK its close 1.3700 and sphantom close at 1.365 I lose 70$.There is latency .how can solve this issue .
You can't guarantee low latency over the web. You can only minimise the latency by using a computer with decent CPU cycles and RAM latency, coupled with decent network bandwidth and low ping to the 'master' trading service and the broker.
I use Alpari UK spread-betting using their VPS service which performs within acceptable tolerances. However, I believe there has to be a better way for sPhantom to close out the recovery and primary trades than signalling the trade copier to close all trades when asked.
Membre depuis Jun 03, 2013
posts 79
Jan 27, 2014 at 14:48
Lose 8.7 pips. Sad.
Hope sphantom are looking for solution to deal with the latency.
Hope sphantom are looking for solution to deal with the latency.
Membre depuis Aug 30, 2013
posts 280
Jan 27, 2014 at 15:45
I have a question about the other trades taken from this sphantom...have you guys been positive at all times with the required TP?
