Scott's FXPhantom 討論

Hi Scott,

A. Why did you choose 1:50 leverage?

B. Aren't you concerned about the drawdown?

Hi ragency,

A. I'm in the USA and wanted to use a USA broker with tight spreads. That stuck me with 50:1.

B. Yes I'm concerned about drawdown as anyone should be - the vendor's recommendation is to keep the lot size small so we can survive any drawdowns. Only time will tell how it works out.

Scott

50% loss means you need to win 100% only to get back. For me it means this account/trading method/robot is finished.

why would u test this ea with real money is beyond my belief.

Well, the vendor's account looked good so I decided to give it a shot. If it wasn't for the stupid 50:1 leverage limitation I would be in profit. You can see our official demo (which has 500:1 leverage and is still in profit) here:

https://forexverified.com/reports/fxphantom/fxphantom001.html

This little live account of mine is trading way too high of a lot size in an effort to recover quickly. It will probably have another margin call. We'll have to wait to find out.

Scott

even with higher leverage, how can u trust a grid ea wthat had over 50% dd that generates 9% a month? that is the worst risk ratio ever

https://www.myfxbook.com/members/NickMcDonald/fxphantom/327594

Just to clarify: Phantom is not a grid trading strategy, it's a scalper, but it does have the worst risk/reward ratio 'ever'. Also, Nick's test appears to be trading a much higher-than-recommended lot size too. A $3k balance should be trading about 0.07 lots, not 0.12. That will affect the drawdown too.

The risk/reward ratio is horrible but... we've only had 1 stop loss in 2.4 months out of 858 trades. Obviously the goal is to have a large enough stop loss that you only hit it during trends but avoid the SL hits during all of the ranging markets.

Scott