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Author Topic: CEF Phantom Scalper  (Read 1030 times)

Offline anjelo

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CEF Phantom Scalper
« on: September 24, 2019, 03:08:30 AM »
Dear forum members,

Any thoughts about this?
https://www.mql5.com/en/market/product/41122
Joseph is offering this EA with discounted price at $99 (for a limited time) via his website cuttingedgeforex. Currenly $199 at mql5 marketplace.

Here is the logic of the EA:
https://www.mql5.com/en/blogs/post/728804

The backtest looks really beautiful and promising but I doubt it will work well on real accounts (due to slippage and spread matters).

Attached is the backtest (2016-2019) and setting for the EA provided by Joseph.
Drawdown happens and will always happen.

Offline reinerh

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Re: CEF Phantom Scalper
« Reply #1 on: September 24, 2019, 03:50:29 AM »

its a tickscalper, so one needs a fast connection to server etc.

i did a visual bt and it is very selective = when it strikes, so it has potential i think.

slippage etc is an issue on a live account, so how that might play out i have no clue.

Offline anjelo

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Re: CEF Phantom Scalper
« Reply #2 on: September 25, 2019, 03:54:46 PM »

its a tickscalper, so one needs a fast connection to server etc.

i did a visual bt and it is very selective = when it strikes, so it has potential i think.

slippage etc is an issue on a live account, so how that might play out i have no clue.

Thanks reinerh for the insights.

Apparently, forexbenchmark.com also has published in depth review about this EA, recently.
Here is the link https://forexbenchmark.com/eas/reviews/cef-phantom-scalper/.

Regards.
Drawdown happens and will always happen.

 

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