sPhantom Auto Trader (By sPhantom)

Gain : +694.0%
Drawdown 91.94%
Pips: 1266.4
Trades 261
Won:
Lost:
Type: Real
Leverage: 1:400
Trading: Automated

sPhantom Auto Trader Discussion

May 28, 2013 at 22:21
74,065 Views
1,574 Replies
sayapann
forex_trader_38776
Member Since Jun 10, 2011   26 posts
Oct 31, 2013 at 05:47
I have just bought this EA. It's ok to me so far, honestly.
Member Since Sep 21, 2013   85 posts
Oct 31, 2013 at 08:40
@adrian8891 are you telling sphantom is scam so people would believe u and use ur EA and strategies instead? NICE BUSINESS TECHNIQUE.

won 2 trades from this EA earlier :D
Member Since Feb 16, 2013   22 posts
Nov 02, 2013 at 07:59
Hallo sPhantom Team!

CONGRATS !!! I just saw that you made it to NUMBER ONE one the Forex Peace Army Expert Adviser Test. SUPERB !!!

I saw many others on the top of this list. But all of them are gone away with the wind. But you are in the TOP 5 now since more than 23 weeks.

                                                  CONGRATS again !!!

I know you will quadruple up (4x times) my account next week. It needs just one (1) successful trade !!!

Many happy Trades to you and your customers in the future.

Yours sincerely

Jay Oksenboel

P.S.: To all lazy traders: You know now that it just needs one single trade to quadruple my account. Therefore I will first come back with a new report when my account will quintuple (5x)
Member Since Aug 31, 2011   34 posts
Nov 02, 2013 at 09:02
Harhar Jay,

i wish you good luck, but let me say this for you: If you are using the same risk like the vendor do you get a margin call of your account before you have just 1 single SL hit. But i know you don´t care about DD ...

@ Vendor: Is it possible to show a backtest of this system from 2008 or 2009 to now to see how stable this strategy is ?
Member Since Sep 21, 2013   85 posts
Nov 02, 2013 at 22:29
@johnplayer oh man u didnt read what sphantom said couple of posts earlier. Backtesting isnt reliable because they stop trading on certain news. they did some 1~2weeks of not trading before and they stopped trading on some days on US shutdown.
Member Since May 27, 2013   62 posts
Nov 03, 2013 at 00:47
@johnplayer

Dear John

sPhantom is designed and optimized based on last 2 years tick data. There is no more back test available for this EA.


Regards
husar2003
forex_trader_159748
Member Since Oct 31, 2013   102 posts
Nov 03, 2013 at 15:15
I bought the system.
Id didn't isntall properly. I got help within good time (different time zone may have caused a shortdelay)
and an additional question was answerd.
Friendly help/support.
So far waiting for this week first account activities.
Member Since Nov 03, 2013   4 posts
Nov 04, 2013 at 07:25
Sphantom EA can use 5 digit broker yes or no?
Member Since May 27, 2013   62 posts
Nov 04, 2013 at 09:46
god2009 posted:
Sphantom EA can use 5 digit broker yes or no?

Hi

Yes. It can work on 4 and 5 digits brokers.


Regards
Member Since Jun 03, 2013   80 posts
Nov 04, 2013 at 16:04
May i know where does the DD 64% come from ?
Member Since Aug 20, 2011   588 posts
Nov 04, 2013 at 16:13
Darren2013T posted:
May i know where does the DD 64% come from ?
its 64% due to the high risk setup for this account.
with myfxbook its hard to identify when this DD occurred, mt4i is better for this job (with an hourly DD).
Member Since May 27, 2013   62 posts
Nov 05, 2013 at 00:55
Darren2013T posted:
May i know where does the DD 64% come from ?

Hi

It's for about 2 month ago.

Regards
Member Since May 08, 2012   321 posts
Nov 05, 2013 at 07:31
Darren;

The 64%% is an intraday draw down that may not appear in the daily statistics. If there is a big move against you, that resolves itself before the end of the day, the daily statistics will not reflect it. The stats on the left side of the home page does.
War is when your government tells you who the enemy is. Revolution is when you figure out, for yourself, who the enemy is.
Member Since Aug 31, 2011   34 posts
Nov 05, 2013 at 08:26
R3DWiNG posted:
@johnplayer oh man u didnt read what sphantom said couple of posts earlier. Backtesting isnt reliable because they stop trading on certain news. they did some 1~2weeks of not trading before and they stopped trading on some days on US shutdown.

Okay thats great - i hope they have a good crystal ball and knowing when news will come (they are not shown in the economic calender). You know that if you are using this EA with 25% up Risk and the vendor SL of 250 pips you will have everytime a margin call before you get an SL Hit ?

Off course you can change the SL to any value you want: But how it makes sence, if you cannot BT the strategy, to see which SL is really usefull ?

10% Risk with SL 250 -> 40% DD
5% Risk with SL 250 -> 20% DD

I don´t say this is a bad EA - but it´s totally overtradet - the risk is crazy for this account ! Hopefully this is not the master Account for the signal service too. Why ? Because how i say before: The MC will come before the SL is reached - and then maybe the trades will be closed for all customers too, although the SL was not reached.
Member Since Sep 21, 2013   85 posts
Nov 05, 2013 at 11:50
@johnplayer It opens up another trade or two to break even. trades only last a few hours unless it trades on thursday.(if i can recall the ea only did that once). It never hit the SL yet. (according to records and my past experiences with it.)
It modifies itself too. There was once a time it traded counter to the trend and it was loosing. It seek-ed/searched for an opportunity to atleast gain some $ then closed the trade instantly.
Member Since Sep 21, 2013   85 posts
Nov 05, 2013 at 11:50
SL was once useful for that one moment when it traded on thursday then finished up on monday/tuesday I think. Altho it was eating up 50% ~ 60% of the account. It miracously won that day.
Member Since Nov 05, 2013   7 posts
Nov 05, 2013 at 11:51
Hi Sphantom,
I have been using your service for about a month and am very happy as with most traders with the results... My question is, due to being a 'Trade Copier' as such, the more people which subscribe as you get more popular will this have any effect on copying trades to our accounts such as lag in copying? With thanks
Member Since Aug 31, 2011   34 posts
Nov 05, 2013 at 13:55
R3DWiNG: it only opened a second trade after 25 to 50 pips if the first trade is negative, but the EA not modified the SL of 250 pips for the first trade. You can see it in the BT and in the statement here. If the vendor not changed the Risk for this account you will never see a SL Hit, you will just see a blown account.
husar2003
forex_trader_159748
Member Since Oct 31, 2013   102 posts
Nov 05, 2013 at 14:52
the question is : will the ea or the traders behind the ea what gives the signal close the positions before the 250 PIPs.
Thre are many automated ea or manual traders with no SL at all which control the SL themselves and set any SL like 50 150 or 250 SL so the 250 PIPs wopuld just be an emergency break short before hell.;)

Can sphantom please answer the question ? Will the trader team or the ea itself control
the exit point after opening the positions or is the SL fixed ?
Member Since May 27, 2013   62 posts
Nov 05, 2013 at 17:25
jaster77 posted:
Hi Sphantom,
I have been using your service for about a month and am very happy as with most traders with the results... My question is, due to being a 'Trade Copier' as such, the more people which subscribe as you get more popular will this have any effect on copying trades to our accounts such as lag in copying? With thanks

Hi

We always update our server when the number of clients grow. We try our best to keep quality.


Regards
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