sPhantom Auto Trader (By sPhantom)
| Gain : | +694.0% |
| Drawdown | 91.94% |
| Pips: | 1266.4 |
| Trades | 261 |
| Won: |
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| Lost: |
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| Type: | Real |
| Leverage: | 1:400 |
| Trading: | Automated |
sPhantom Auto Trader Discussion
Jan 31, 2014 at 12:26
Sphantom still long while Wally shorted few hours ago and is in good gain. I think Sphantom must the soonest reassure us about the situation and for future trades what they think to do. Using Spahnto only from 1 week and fortunately only with risk 3. Hey Spahntom, where you are?
Running only Expert advisors with good long term backtests and nice forward tests
Member Since May 08, 2012
60 posts
Jan 31, 2014 at 12:26
learn manual trade is the best way in forex for long term profit...
Jan 31, 2014 at 12:26
All guys,I have told you the sPhantom is fx_papa.
jiang posted:
Hello,all guys,
After I study the trade records for sPhantom && fx_papa again and again
(URL: https://www.forexpeacearmy.com/metatrader_expert_advisor/fx_papa/real)
,I am hundred percent sure that sPhantom is a reborn for fx_papa.
Why? Let me prove it.
1.For fx_para,there are some records with 2 positions or 3 positions to win EURUSD/GBPUSD,for example ,the following two trade record closed at the same time for fx_para
23814035 2012.04.18 04:00 buy 0.57 eurusdm 1.31235 0.00000 0.00000 2012.04.18 13:56 1.30975 0.00 0.00 0.00 -14.82 -26
23819475 2012.04.18 12:50 buy 0.57 eurusdm 1.30633 0.00000 0.00000 2012.04.18 13:56 1.30975 0.00 0.00 0.00 19.50 34
sPhantom win some trades with 2 position on EURUSD
2. sPhantom and fx_para have big stoploss when 2 trades failed.
3.They have the same broker (IBFX Australia Pty Ltd) for test
4.Firstly I do not understand why the Avg. Trade time Length for 10 pips is so long,but when you compare the Analytics
https://www.forexpeacearmy.com/metatrader_expert_advisor/s_phantom/real/analytics
Average trade length: 11 hours 50 minutes
Average trades opened daily/weekly/monthly: 1/4/14 ( EURUSD,not open trade for Friday)
https://www.forexpeacearmy.com/metatrader_expert_advisor/fx_papa/real/analytics
Average trade length: 8 hours 5 minutes
Average trades opened daily/weekly/monthly: 2/5/22 (GBPUSD and EURUSD)
The are very similar.Why? I find sometimes the first position is not a perfect position when the trade following the trend,they open at a high position when long,a low position when short,so it took much time to save the first position with the second trade.
What it the problem or the risk for sPhantom && fx_papa?
For fx_para,
1. He stopped trading after a 40-50% Drawdown from 3 trades
2. he has made his live myfxbook system private
3. his EA failed to trade within its set sl llimit
For sPhantom,
A live analyst will not open trades before the big news, so maybe the trend will not reverse with the news.I am afraid when
the analyst make a wrong decision.
If you decide to use sPhantom ,how to reduce the risk? You need to make a balance with the profit and the risk carefully,
reduce the SL or take small lots.Or when trend reverse,you can close the trades manually.
What about the vendor for sPhantom? I want to say,You are a clever guy,but not honest.If the customer accounts end like the fx_para again,how you feel? I understand it is not a easy job to build a EA,but you need to tell the customers about the risk for sPhantom or fx_para.
Thanks
Jiang
Jan 31, 2014 at 12:26
Oh man! Thank God I did not get in yet! I've been monitoring this forum and Sphantom for the past days.
I'm also checking on Axitrader here on autotrade.
Also, what do you think of cashole.com? Thay have nice stats but only 2 mos.? Anyone?
I'm also checking on Axitrader here on autotrade.
Also, what do you think of cashole.com? Thay have nice stats but only 2 mos.? Anyone?
Jan 31, 2014 at 12:26
Hello Mates,
it's been so unfortunate for all those who subscribed to sphantom and now the majority would have reached stopout level by now,
MAY I ASK that has Benton done any correspondence with his clients, ofcourse many of u guys would have emailed him. has he replied ??
i wanna mention that in October i bought sPhantom, i was on Forex.com broker, unfortunately or say FORTUNATELY FOREX.COM VPS didnt upload sPhantom's .dll files, so i used sPhantom on my laptop for 10 days, and eventually shut it down permanently, because on risk 30 settings it was placing extrememy huge lots, and on default risk factor of 10 their were not so handsome gains, that was the reason i left sPhantom,
it's been so unfortunate for all those who subscribed to sphantom and now the majority would have reached stopout level by now,
MAY I ASK that has Benton done any correspondence with his clients, ofcourse many of u guys would have emailed him. has he replied ??
i wanna mention that in October i bought sPhantom, i was on Forex.com broker, unfortunately or say FORTUNATELY FOREX.COM VPS didnt upload sPhantom's .dll files, so i used sPhantom on my laptop for 10 days, and eventually shut it down permanently, because on risk 30 settings it was placing extrememy huge lots, and on default risk factor of 10 their were not so handsome gains, that was the reason i left sPhantom,
Jan 31, 2014 at 12:27
I would suggest to open a contest: a prize to the user who suggest the more nice name; i start with my suggestion and i propose to rename Spahantmo to 'Scrappy'!!
Running only Expert advisors with good long term backtests and nice forward tests
Member Since Oct 06, 2013
19 posts
Jan 31, 2014 at 12:28
pilotas posted:
You sure trades were closed by sp team, not by broker due to stopout?
From the metatrader logs, the trades were closed out by the sPhantom team, not by broker stopout.
forex_trader_12567
Member Since May 29, 2010
276 posts
Jan 31, 2014 at 12:30
let sick back again and wait for 5 months (according to the history, from 200% to 1300% need 5 months)
Jan 31, 2014 at 13:16
quietairofmenace posted:pilotas posted:
You sure trades were closed by sp team, not by broker due to stopout?
From the metatrader logs, the trades were closed out by the sPhantom team, not by broker stopout.
How do you get metatrader logs from sphantom? :)
Member Since Jan 25, 2010
1360 posts
Jan 31, 2014 at 14:00
Oh, I hate it when systems do that - crash and burn! 😞
Bummer, it looked so promising!
Bummer, it looked so promising!
Member Since Dec 08, 2010
140 posts
Jan 31, 2014 at 15:09
bkforex posted:
I would not consider buying any EA that has a risk / reward ratio higher than 1 : 1.
No ea, not even one, is ever successful over the long term. EA is for gamblers, MANUAL TRADING is for traders.
Courage is not the absence of fear,but rather the judgement that something else is more important than fear
Jan 31, 2014 at 15:16
Hello Traders,
I bought this system at the begining of Jan after 5 or 6 months of real account data and good results. Last couple of days trades really suprised me as with consistency for last 5-6 months I dont understand reasoning behind these trades. I woudl think that this was done for purpose to close it and then re-open as a new brand (someone else mentioned earlier that similar situation happend before under brand fx papa).
I think Sphantom should respond on that forum otherwise I would think we should gather together and raise it through Forex Peace Army forum to prevent any occuring situation where vendor price EA quite high ($300 - no refund!!!), gather bunch of customers and then kill it and then cretes new brand!!! Do your own calculations how many customers it could attract!
This is just an idea so let me know your throughts about it.
Thanks,
T.
I bought this system at the begining of Jan after 5 or 6 months of real account data and good results. Last couple of days trades really suprised me as with consistency for last 5-6 months I dont understand reasoning behind these trades. I woudl think that this was done for purpose to close it and then re-open as a new brand (someone else mentioned earlier that similar situation happend before under brand fx papa).
I think Sphantom should respond on that forum otherwise I would think we should gather together and raise it through Forex Peace Army forum to prevent any occuring situation where vendor price EA quite high ($300 - no refund!!!), gather bunch of customers and then kill it and then cretes new brand!!! Do your own calculations how many customers it could attract!
This is just an idea so let me know your throughts about it.
Thanks,
T.
