Scott's FXPhantom (Od forexverified)
Používateľ odstránil tento systém.
Scott's FXPhantom Diskusia
Jun 01, 2012 at 23:42
995 Zobrazení
7 Replies
Členom od Feb 04, 2011
32 príspevkov
Jun 04, 2012 at 17:34
Hi Scott,
A. Why did you choose 1:50 leverage?
B. Aren't you concerned about the drawdown?
A. Why did you choose 1:50 leverage?
B. Aren't you concerned about the drawdown?
Členom od Sep 02, 2011
25 príspevkov
Jun 05, 2012 at 16:19
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
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.
Členom od Aug 16, 2010
453 príspevkov
Jul 29, 2012 at 18:08
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.
Členom od Sep 29, 2010
182 príspevkov
Aug 08, 2012 at 10:10
why would u test this ea with real money is beyond my belief.
Get Rich or Die Trying
Členom od Sep 02, 2011
25 príspevkov
Aug 08, 2012 at 18:34
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
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.
Členom od Sep 29, 2010
182 príspevkov
Aug 09, 2012 at 21:39
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
https://www.myfxbook.com/members/NickMcDonald/fxphantom/327594
Get Rich or Die Trying
Členom od Sep 02, 2011
25 príspevkov
Aug 12, 2012 at 18:39
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
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.
forex_trader_79941
Členom od Jun 06, 2012
1439 príspevkov
Aug 12, 2012 at 18:43
'we've only had 1 stop loss in 2.4 months out of 858 trades.'😑
then trade with 1 TP 1000 SL 😉
then trade with 1 TP 1000 SL 😉
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