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Scott's FXPhantom (By Forex Verified )

Lietotājs ir dzēsis šo sistēmu.

Diskusija

ragency
Jun 04 2012 at 17:34
32 ieraksti
Hi Scott,

A. Why did you choose 1:50 leverage?

B. Aren't you concerned about the drawdown?


Forex Verified (forexverified)
Jun 05 2012 at 16:19
25 ieraksti
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

Adding transparency and quality to the Forex market, one trade at a time.
Dar Verer (mistificator)
Jul 29 2012 at 18:08
453 ieraksti
50% loss means you need to win 100% only to get back. For me it means this account/trading method/robot is finished.

Was mich nicht umbringt, macht mich stärker.
Dash (LKForex)
Aug 08 2012 at 10:10
182 ieraksti
why would u test this ea with real money is beyond my belief.

Get Rich or Die Trying
Forex Verified (forexverified)
Aug 08 2012 at 18:34
25 ieraksti
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

Adding transparency and quality to the Forex market, one trade at a time.
Dash (LKForex)
Aug 09 2012 at 21:39
182 ieraksti
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

Get Rich or Die Trying
Forex Verified (forexverified)
Aug 12 2012 at 18:39
25 ieraksti
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

Adding transparency and quality to the Forex market, one trade at a time.
stevewalker
stevewalker
Aug 12 2012 at 18:43
1439 ieraksti
'we've only had 1 stop loss in 2.4 months out of 858 trades.'😑

then trade with 1 TP 1000 SL 😉

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