sPhantom Auto Trader讨论

Speaking from an Elliott wave perspective (and in don't think EW fits well with forex market) we are now in a 3rd wave down, and will be very difficult that a 4th wave retracement will be able save us. But we'll see!!😕

I bit the bullet and bailed out, I am not going to potentially risk my entire equity on one trade. The larger trend is effectively very bearish and even the Asian session retrace will probably not save it much. Tapering by the largest economy in the world does have resounding effects, and this EA made a trade right before that decision announcement (extremely bad in my opinion, especially considering that it was commonly agreed that the tapering will continue).

Losing half your stack is devastating, but it's not catastrophic. Here's to coming back to fight another day (with a lower risk), and good luck to the rest of you with the retrace!

Me too. But i'm not closing it, but hedging, will solve this later in some way

Good luck with the hedge, you will probably need to find a good entry point which is usually the key. I've also got two other smaller accounts and I am letting them ride, hoping this will somehow resolve itself.

Where is sphantom team? what's the plan now? big DD today....

their account reached the -60% DD (exposure info)... the plan ? well... simple... there is a protective SL :)
or we can ask the central banks to reverse the trend...

Sl is far far away from stopout level :)

pilotas posted:
Sl is far far away from stopout level :)

lol... so you will be lucky... you will not hit the SL!!!!
lol
:)

No anymore :) I've removed sl and, sounds crazy, 'protected' my loss in current state. Will deal with it later in my own way

another 50 pip down to 1.3500... the account mc...

It shouldn't reach 1.35, unless it has leverage of 1:2000 or even higher, and very low stopout level, say at 10%.
But system says it is 1:400

sad... I had DOUBLED my account in January for the first time, and this has brought it back down to where it was...

the worst batch in the history was -113pips for the trade 1 and -89pips for the trade 2, so a cumulative of -202pips.
currently its -122 and -91pips... so they break they record :)
strangely... my second trade has only -55pips not -91!!! so opened far lower than the official account one...

sPhantom posted:

youngchang posted:
Hello sPhantom,

In your account history, Your EA did not trade for a week from 06/16, Why????

Did you stop it or EA did not trade by itself?

Regards. Young

Hi

There was no trade on that period. It was because of fundamental events.

Regards

sPhantom, I hope you're reading this, and I hope you go back to this policy...

Lucky you. You can modify strategy - open low risk orders, but after second order it keeps going dow, open more manual positions with same or even closer tp :) if sphantom is so lucky, and will hit tp every time, you'll only benefit from that 'addon' orders, or be safe earler :)

UncleSteve posted:

sPhantom posted:

youngchang posted:
Hello sPhantom,

In your account history, Your EA did not trade for a week from 06/16, Why????

Did you stop it or EA did not trade by itself?

Regards. Young

Hi

There was no trade on that period. It was because of fundamental events.

Regards

sPhantom, I hope you're reading this, and I hope you go back to this policy...

LOL! A real eye opener for this young chang... ;)

Anyone was able to get in touch with Benton so far?

UncleSteve, what do you expect they will say? We are sorry and gona to compensate all traders? :)

They will repeat what has been said many times here - its up to you what level of risk you accept and setin your settings. There are no systems in the world with no failures

@pilotas - of course, and I'm not trading with scared money either. However, last weeks loss should have warned them not to trade news, and it didn't.

Especially as there was evidently a time when they were more careful.

Look at the curve of their chart, every now and then theres a big glitch; but you'd hope that each time they'd analyze what went wrong.

Agree, trading just before the FOMC was mad.

However its probably my fault - every single EA I buy tanks as soon as I buy it - I bought this one a couple of weeks ago - sorry about that!

I'm only on 10% risk - so not catastrophic.