Phantom EA Real Account Stopped test

by Phantom-EA.com Site closed
-9.35% WEEKLY · 8.4 weeks
Average Pips per Week:
-576 (Gross Pips: -4,835)
Average P/L per Week:
-9.35% (Gross P/L: -56.15%)
Maximum Equity used:
49.29% (Sep 11, 2012, 7:56:00 PM)
Test started:
Jul 17, 2012
Test Stopped:
Sep 14, 2012 (Tested 8.4 weeks)

We appreciate Phantom-EA.com sharing their EA performance on a LIVE account with ForexPeaceArmy.com traders community!

Please address ALL questions regarding the settings of this EA to Phantom-EA.com support. The FPA is monitoring this EA using the investor password and has no access to the settings being used.

10.08.12 Test stopped. The account hasn't been traded since 9/14. Website is closed.

07.17.12 Phantom EA Real test started with help of Investor Access...

Descriptions:

·        Strategy - This expert advisor works based on the strategy of opening small trades with small profit target and small stop loss. The expert is programmed to work withvarious currency pairs. New trades open at 9:00 AM PST time every trading day except Fridays and are expected to be closed by the following trading day.However in some cases the trades may take more than a day to close.
·        Diversification - Inorder to diversify the risk, we trade on various currency pairs and as a resultwe share the risk among them. Also at any given time there would be currencieswhich are not in a great condition to be traded. We like to stay out of marketand hope to be in rather than being in the market and hoping to be out.Therefore only the currency pairs would be traded which stand at the right condition.
·        Sensitivity - Sincethe size of the positions are very small, the expert advisor would not besensitive to extreme movements of the market. Therefore we do not expect extreme losses on accounts.
Suitable for US Clients - Sincethe orders of this EA are very small, it is a great EA for U.S. clients.Furthermore the EA does not require hedging for trading either.