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Art Phantom EA

  • #1,321
  • Dec 24, 2010 6:56am Dec 24, 2010 6:56am
Quoting Caillou
Do you know someone who has real success in live accounts with any EA in long term ? I ask you that because as a broker trade against our position, if an EA has success, it is very easy for them to break the correct operation of an EA........

Maybe Iīm getting crazy ?
I am also in search of that person. Well which broker you have?
I am using alpari(uk)..
(I pray our brokers will not be same)

Regards
24hrs.
  • #1,322
  • Dec 24, 2010 7:32am Dec 24, 2010 7:32am
Change your broker. Find one, like MB Trading, that charges commissions. I have been with MB for a couple of years and have found them to be honest eventhough I am profitable with them. Their prices are better too.

I must admit I have only had an MT4 account with them for a month or two but hopefully things will continue in the same way.

Sadly the biggest problem with EAs is that MT4 was designed right from the start to be manipulatable by brokers. This is one of the reasons brokers give it away because they know they have plugins available that allow them to manipulate prices.

Most retail brokers are bent, almost by definition, so another alternative is to get an account with IB and trade currency futures instead.

However most people trade with silly leverage and over extend themselves, so in many respects they only have thmselves to blame when things dont work out when they move from a demo account to a live one.
He was looking for the card so high and wild hed never need to deal another
  • #1,323
  • Dec 25, 2010 5:20am Dec 25, 2010 5:20am
Quoting Caillou
Be carefull on live, I have noticed that sometimes, it happens to me with Full Version, Add_Six_03bx and Single Pair Version, always live, never demo, when the EA has to add or close trades, suddenly I lost my connection to the broker.

It's not an internet problem, I run on a VPS, ...... Isn't a bit strange?

Lovely brokers.......
I'm using IBFX US...
  • #1,324
  • Dec 25, 2010 6:43am Dec 25, 2010 6:43am
Quoting 24hrs
I am also in search of that person. Well which broker you have?
I am using alpari(uk)..
(I pray our brokers will not be same)

Regards
24hrs.
Sorry 24hrs, yes, Alpari UK.....
  • #1,325
  • Dec 25, 2010 7:03am Dec 25, 2010 7:03am
Quoting dr_who
Change your broker. Find one, like MB Trading, that charges commissions. I have been with MB for a couple of years and have found them to be honest eventhough I am profitable with them. Their prices are better too.

I must admit I have only had an MT4 account with them for a month or two but hopefully things will continue in the same way.

Sadly the biggest problem with EAs is that MT4 was designed right from the start to be manipulatable by brokers. This is one of the reasons brokers give it away because they know they have plugins available...
The problem is not one broker or another, the problem is the broker system. It's extremely easy to disconnect you from the broker, then the EA will not work properly. In manual trading this has no effect.
I know profitable manual traders for years, but I'm still looking for someone with an EA who could have the same success....
  • #1,326
  • Dec 26, 2010 1:31am Dec 26, 2010 1:31am
Quoting Caillou
The problem is not one broker or another, the problem is the broker system. It's extremely easy to disconnect you from the broker, then the EA will not work properly. In manual trading this has no effect.
I know profitable manual traders for years, but I'm still looking for someone with an EA who could have the same success....
If by 'broker system' you really mean MT4, then I would agree. As I said previously, the reason for its existence is that it allows brokers to play around with the data and connections. Naturally some work arounds would be to trade manually copying the EA signals, re-writing them for a platform like Ninja and/or trading currency futures rather than spot.

But at the end of the day, FX needs greater regulation to stop all this cheating.

Hopefully an exchange like LMAX will eventually attract some money away from the bent MT4 brokers (and when I say brokers, some are simply acting as bookmakers).
He was looking for the card so high and wild hed never need to deal another
  • #1,327
  • Dec 26, 2010 1:50am Dec 26, 2010 1:50am
Quoting dr_who
If by 'broker system' you really mean MT4, then I would agree. As I said previously, the reason for its existence is that it allows brokers to play around with the data and connections. Naturally some work arounds would be to trade manually copying the EA signals, re-writing them for a platform like Ninja and/or trading currency futures rather than spot.

But at the end of the day, FX needs greater regulation to stop all this cheating.

Hopefully an exchange like LMAX will eventually attract some money away from the bent MT4 brokers (and when...
The US is actually putting through a law so that any brokers in the US must give details of traders positions taken vs how long it took for trade to process vs how much the fill deviated from market compared to other brokers... this will tell the governing agency which brokers are acting under bad faith and failure to hand in this information will be a few hundred $ per day penalty.

Good thinking to try to eliminate bucketshops.

Jag
  • #1,328
  • Dec 26, 2010 3:55am Dec 26, 2010 3:55am
Quoting dr_who
If by 'broker system' you really mean MT4, then I would agree. As I said previously, the reason for its existence is that it allows brokers to play around with the data and connections. Naturally some work arounds would be to trade manually copying the EA signals, re-writing them for a platform like Ninja and/or trading currency futures rather than spot.

But at the end of the day, FX needs greater regulation to stop all this cheating.

Hopefully an exchange like LMAX will eventually attract some money away from the bent MT4 brokers (and when...
Absolutely agree....
  • #1,329
  • Dec 26, 2010 6:59am Dec 26, 2010 6:59am
Thanks for the info Jag......bout time they did something to clean up the fx act....
He was looking for the card so high and wild hed never need to deal another
  • #1,330
  • Dec 26, 2010 10:11am Dec 26, 2010 10:11am
Quoting Caillou
Sorry 24hrs, yes, Alpari UK.....
Hey its shocking... and very serious too...

But will you please explain what difficulties you faced with this ea. Last time and for the first time I ran one ea for more than 2 weeks but I haven't faced any problem with ea.

Is your account is still active or it is deactivated? I mean can you trade with same account?
Have you tried to restart mt4 and ea? Whether that ea is working?
I am not sure but I read somewhere that GIVE CUSTOM NAME TO YOUR EA to run properly. In my first case i have given custom name to my ea.

Will you please raise this issue in phantom 6 thread (I am not eligible for this).

and my final question is...
CAN WE TAKE LEGAL ACTION AGAINST SUCH BROKERS?

Regards,
24hrs.
  • #1,331
  • Dec 26, 2010 12:12pm Dec 26, 2010 12:12pm
Quoting Caillou
Hi 24Hr,

I was testing Single Pair Phantom on M5 and M30, and Add_Six_03bx with good results on live account, but suddenly, when I was at +10% gain, I have noticed that I lost connection to my broker in closures and each 5 and 30 min with Single Pair Version.

When I was in demo I had never problems, I had heard a lot of things about brokers manipulations when you trades EAs in live account and you are in profits, but it is impossible to know for sure. What is really strange is that in demo I had never a connection lost with my broker and in...
Only the market maker broker trades against our positions.

STP,ECN,NDD no to my knowledge.
Intraday only.
  • #1,332
  • Dec 26, 2010 1:02pm Dec 26, 2010 1:02pm
Quoting navk
Only the market maker broker trades against our positions.

STP,ECN,NDD no to my knowledge.
yep
StopLoss is for none belivers... Trust the Gurus..
  • #1,333
  • Dec 26, 2010 1:40pm Dec 26, 2010 1:40pm
some guys are enjoy being thread breakers with there games simple click on ther contributions to ff threads ?

one can see clearly there mental stability or lack of it

the above thread this guy made was so bad the ff management took it straight of

but he keeps coming back trying to destroy all other great threads
  • #1,334
  • Dec 27, 2010 12:54pm Dec 27, 2010 12:54pm
Quoting sidhujag
The US is actually putting through a law so that any brokers in the US must give details of traders positions taken vs how long it took for trade to process vs how much the fill deviated from market compared to other brokers... this will tell the governing agency which brokers are acting under bad faith and failure to hand in this information will be a few hundred $ per day penalty.

Good thinking to try to eliminate bucketshops.

Jag
---

Overhaul of the forex is needed. Fees and commission alone ie one area that needs attention by regulation authorities. I am not against spread, but it should be applied afterthe transaction is done not affront. A spread of 4 pips is something big that may alter the flaw of trend that affect your position.
  • #1,335
  • Dec 27, 2010 1:23pm Dec 27, 2010 1:23pm
Quoting 24hrs
Hey its shocking... and very serious too...

But will you please explain what difficulties you faced with this ea. Last time and for the first time I ran one ea for more than 2 weeks but I haven't faced any problem with ea.

Is your account is still active or it is deactivated? I mean can you trade with same account?
Have you tried to restart mt4 and ea? Whether that ea is working?
I am not sure but I read somewhere that GIVE CUSTOM NAME TO YOUR EA to run properly. In my first case i have given custom name to my ea.

Will...
Maybe it is just a coincidence, I donīt know and I canīt prove anything, itīs impossible to prove anything. I have only said that in my live account, when I reach a 10% gain, in 3 times I lost my connection to my broker when the EA was closing a basket. This never happens to me in demo acconts.

It was only an internet connection lost on my VPS, nothing more, nothing less.

I have only suggested that it is very easy to manipulate the correct operation of an EA, I canīt prove anything, since a connection lost could be caused by many variables, but it is very strange that it only happens to me in live accounts......

Hey, if you are sure about your broker, perfect. But me for now, I will continue trading manually in live accounts, because I have no confidence .....
It is just my opinion and my decision.....
  • #1,336
  • Dec 28, 2010 2:26am Dec 28, 2010 2:26am
Quoting Caillou
Maybe it is just a coincidence, I donīt know and I canīt prove anything, itīs impossible to prove anything. I have only said that in my live account, when I reach a 10% gain, in 3 times I lost my connection to my broker when the EA was closing a basket. This never happens to me in demo acconts.

It was only an internet connection lost on my VPS, nothing more, nothing less.

I have only suggested that it is very easy to manipulate the correct operation of an EA, I canīt prove anything, since a connection lost could be caused by many variables, but...
Ohh.. so its just internet connection failure. Well how will you trade this manually?

Is there anybody testing this ea live? Can we trade this ea live?
  • #1,337
  • Dec 28, 2010 4:46am Dec 28, 2010 4:46am
A version of Art Phantom Full is being traded live by Dambuster, see page 87
  • #1,338
  • Dec 28, 2010 12:53pm Dec 28, 2010 12:53pm
Quoting Nicastro
A version of Art Phantom Full is being traded live by Dambuster, see page 87
Current Status:

Art_Phantom_Full_TH_CL_PS Basket opened 09.12.2010, 27 open trades, MaxDD -11.45%
  • #1,339
  • Dec 29, 2010 8:12pm Dec 29, 2010 8:12pm
This week from Monday my Add_Six_03bx does not do well. Closed only one basket till today.. 2 Cut Lossers=2.0
Anybody have same results?
  • #1,340
  • Dec 30, 2010 6:34am Dec 30, 2010 6:34am
First of all thanks to Caillou and all posting here wisdom and efforts. I read a lot whitout active partecipation simply because I still have to learn a lot, so I'm writing just to share my one month demo results with Art Phantom Full (original version).

Account: demo Standard $3000
Broker and leverage: Alpari UK demo, 500:1
Setting:
MMTU 0.5
PP 1.0
Starting day: 11-30-2010
Results:
Last flat equity 4679 (+ 55.9%, actual equity very close to)
Max floating loss $ -715
Max Floating DD -19.89 % (actually detailed report states a better - 16.70 %)
Lowest margin 643 %

Thanks again, have a great new year,
Paolo
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