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sPhantom Auto Trader (By sPhantom Auto Trader )

Pieaugums +694.0%
Kritums (Drawdown) 91.94%
Pipi: 1266.4
Darījumi 261
Uzvaras
Zaudēt
Tips Reāls
Kredīta plecs: 1:400
Tirdzniecība Automatizētā

Diskusija

Brendan (Brendan777)
Jul 14 2014 at 11:39
101 ieraksti
Accuracy wasn't good, and because it is not good, it uses a martingale method to recover, but only for two levels. Trades are also placed based solely on technical interpretations without much regards for fundamentals. Thus, when it's caught in a larger trend, it will attempt to recover once, then hold on until SL or TP (which is 10 pips). It is like Profit Empire, except PE can open up to 9 levels or more in their attempts to recover. (You may think PE has a great record, but then you'll notice the 71% DD. Trust me, it was pure luck it didn't hit SL when they went to 71% DD, it's definitely an EA you want to stay away from)

That is what I've personally experienced in 2014, don't know if it's like that in 2013. I've also heard that the original authors of the EA has manually observed and intervened in 2013, but they left in 2014, which is why the dismal performance.
jiang
Jul 15 2014 at 03:21
36 ieraksti
I don't like the EA/signal which need many manual control. In fact,many bugs for trading logic can be found in back test.Can this EA/signal survived for year 2007-2012?I don't think so.About the Profit Empire,the author also can not show a long time backtest record.
If an issue can not be solved in backtest,can you believe it will win in the future?

Let's check the parameter for sPhantom, 10 pips for profit.When the market change much,10 pips is not reasonable for the market.
Ken Grakauskas (Michigander)
Jul 17 2014 at 13:35
321 ieraksti
Hope this note finds you all well. I posted this at Profit Empire so some of you may be seeing this twice. Apologies for that. I have been trading with Raj at the thesupremeforex for a couple months now and he’s making very nice returns and is looking to expand his client base.. Raj has multiple offerings, based on your risk appetite. Raj is a manual trader and he personally manages his positions. This would be a nice substitute for problem systems or a nice complement to systems you’re trading for diversification. You can see thesupremeforex returns here…

https://www.myfxbook.com/members/thesupremeforex/excellent-1/916613

https://www.myfxbook.com/members/thesupremeforex/excellent-5/939799

Or you can watch everything Raj is doing here…

https://www.myfxbook.com/members/thesupremeforex

I am just one of Raj’s clients so nothing in it for me. We all scramble to find reasonably priced systems with reasonable risk so I like to put this out once in while. You will not find a more accessible person out there. Initial contact can be made at [email protected] He will even give you his skype address. You can mirror his trades to your PC or VPN or let him manage through a PAMM account. For me, Raj has been a real gem in this lying, cheating, stealing business.

Good luck to you all.
War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
arya
forex_trader_[12567]
Jul 21 2014 at 21:43
276 ieraksti
paladino444
Jul 22 2014 at 06:46
15 ieraksti
Michigander posted:
Hope this note finds you all well. I posted this at Profit Empire so some of you may be seeing this twice. Apologies for that. I have been trading with Raj at the thesupremeforex for a couple months now and he’s making very nice returns and is looking to expand his client base.. Raj has multiple offerings, based on your risk appetite. Raj is a manual trader and he personally manages his positions. This would be a nice substitute for problem systems or a nice complement to systems you’re trading for diversification. You can see thesupremeforex returns here…

https://www.myfxbook.com/members/thesupremeforex/excellent-1/916613

https://www.myfxbook.com/members/thesupremeforex/excellent-5/939799

Or you can watch everything Raj is doing here…

https://www.myfxbook.com/members/thesupremeforex

I am just one of Raj’s clients so nothing in it for me. We all scramble to find reasonably priced systems with reasonable risk so I like to put this out once in while. You will not find a more accessible person out there. Initial contact can be made at [email protected] He will even give you his skype address. You can mirror his trades to your PC or VPN or let him manage through a PAMM account. For me, Raj has been a real gem in this lying, cheating, stealing business.

Good luck to you all.

These are impressive profits but a 70% drawdown [excellent-5] is just not sustainable. I use a 1:200 account and suffering a similar drawdown is just not acceptable risk and especially if you don't have a swap-friendly broker. Excellent-1 is more tolerable at 30% drawdown but I should like to point out that running drawdowns above 28% should be avoided if you don't want to bust your account. No if a trader is disciplined enough to take some off the table after a major advance in equity they I can see taking this risk but at no time should the profits be compounded running large drawdowns IMHO.

FYI: thanks for the exposure to Raj, i will continue to analyze and watch.
Staubsauger (jhnnavoigh)
Aug 01 2014 at 15:03
69 ieraksti
Today somebody has managed the positions trough NFP, was clearly human intervention, good to know that someone is still behind this EA.
Alex (alexlowrisk)
Aug 09 2014 at 17:16
80 ieraksti
This strategy is simply absurd: Take 10 pips with a stop of 250 ..I think it comments by itself! Anyway if you find a strategy that you like but has a big drawdown you can work with the PARK Account to DELEVERAGE.
You can see my post in my blog and take your consideration. In my example the drawdown become 7.5% instead 75%.
https://low-risk-investment.com/psychology-involved/money-management
Be an investor, not a gambler!
Joseph (Anubis)
Aug 14 2014 at 23:55
87 ieraksti
paladino444 posted:
Does anyone have an explanation as to what happened with this EA, 2013 was unbelievable but 2014 has been a ball buster? anyone got time to explain what happened? Thanks


Hello paladino444. On Jan. 29 2014, this EA opened a trade just prior to FOMC news announcement. (Go to page 60 and read my posts--'Joseph'). In a matter of a few days, alot of accounts were blown due to trading too close to major news announcements. If you look at the graph on sphantoms acct page, you will see 2 big drops. This was the first one. The second one was due to the same reason. I no longer trade this EA, as I don't trade around news. I was lucky, and closed the trade just after it was opened for a few dollars gain. After that, the trade went south real fast. It was a real shame to see such a good potential EA go bad like sphantom did. Good Luck. Joseph.
"Risk means more things can happen than will happen."
Joseph (Anubis)
Aug 15 2014 at 00:01
87 ieraksti
P.S.-- For those of you still using this EA, I would highly advise monitoring it around major news announcements. Go to www.forexfactory.com to see upcoming news. If it takes a trade a few hours before the news, I would recommend closing the trade immediately and disabling the EA until a few hours after the news. As I said in a post a while back: The final responsibility rests with the account holder, not any EA. Good Trading!! Joseph.
"Risk means more things can happen than will happen."
Joseph (Anubis)
Aug 20 2014 at 22:25
87 ieraksti
Here we go again. EA opened a long position 1 hr. before FOMC minutes announcement. Glad I have this on demo now. Trade now has it's 2 positions opened, both in the red. Starting to look more like gambling.
"Risk means more things can happen than will happen."
Brendan (Brendan777)
Aug 21 2014 at 03:18
101 ieraksti
Really??? Someone is still using this EA???
Gianni (GianniCascoNero)
Aug 21 2014 at 06:20
13 ieraksti
Is not a bad EA for some gambling money, of course you should manage it and avoid the news, my account is already at 130% after almost 3 months, and now the EA is off till next week.
Alex (alexlowrisk)
Aug 21 2014 at 12:56
80 ieraksti
Gianni you said the right thing : Can be good for 'some gambling money' ; sure I will never put my savings in an account managed by that EA.
Be an investor, not a gambler!
Joseph (Anubis)
Aug 22 2014 at 03:21
87 ieraksti
I put it on demo to see if Sphantom had changed it's strategy in regards to ignoring news releases. Evidently not. Although the trade I mentioned above did close for a small profit, it's just too risky. In order to avoid the big loses in the past, one would have to babysit the EA and constantly monitor news releases. I personally think that if Sphantom would add a 'FFCal' code into the EA, it would actually work better. Since it copies trades made by the vendor, they would need to stop trading around news times also.
"Risk means more things can happen than will happen."
Ken Grakauskas (Michigander)
Aug 22 2014 at 11:31
321 ieraksti
I use another EA that has a pretty good news filter. Additionally, they send out a Sunday afternoon email of what is being avoided and why. They are pretty good at picking the high impact items. I have been using this to turn sphantom off at critical times. I know some of you consider this baby sitting, but I've never seen an EA yet that didn't have to be watched and occasionally managed. Its the price of profits.

If you would like me to forward these Sunday notification of news alerts to you users, I would be happy to do that. Email me at [email protected]
War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
Alex (alexlowrisk)
Aug 23 2014 at 07:27
80 ieraksti
The method that can be make this EA profitable in the long term is working with the strategy of ' Park Account '; in this way you do not have to monitor all the day the EA, you just have to make some liquidity adjustment on the accounts, no more.
You can't manage a strategy with a drawdown of 75%, you must deleverage to arrive at -7,5%.
I wrote about that strategy in my post : https://low-risk-investment.com/psychology-involved/money-management
Be an investor, not a gambler!
haruko
Sep 02 2014 at 06:32
2 ieraksti
I am still using this EA, and it runs up good, until my VSP changed their location. Now I cannot re-set up it, becaseu sPhantom's site server is down for a while. Is there someone know how to contact them to ask about it ???

After the second drawdown, I decided to take benefit aside every 200%, then things are fine.
Hope I can get back this EA !!

help me !!
Joseph (Anubis)
Sep 02 2014 at 13:18
87 ieraksti
Go to their website and email them.

"Risk means more things can happen than will happen."
R3DWiNG
Sep 02 2014 at 18:08
85 ieraksti
They wont reply. lol Somebody already warned u about the trades on thursdays/fridays and this week. (if you're subscribed to this thread.)
Darren T (Darren2013T)
Sep 05 2014 at 13:58
80 ieraksti
Who want this EA? I can sell mine with USD 50
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