EA review - CEF Phantom Scalper
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| Backtests: | |
| Live performance: | |
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| Price: |
| Vendor link | Price: | $1199 (2019.12.24) |
| Trading strategy: | Counter-Trend, Intraday Scalper |
| Vendor live account: | No |
| Own live account: | No |
| Latest tested version: | 1.3 |
| Latest tested date: | 2019.09.23 |
| Risk factors: | Large spread spikes, slow execution |
This EA has been removed from the market. If you are still interested, you could try to contact the seller directly via his profile.
CEF Phantom Scalper trades in the counter-trend direction during sharp price spikes on M1 time frame. After a strong price movement, it opens a stop order in the opposite direction, which will trail the price further into the direction of the spike to get a better entry level. The logic is explained in detail in this blog post.
The concept behind the EA is very interesting and it might work well in the current environment where there are often false breakouts and spikes after news, which often change the direction again. However, in real tick backtests the EA is not profitable with the default settings we use for all backtests. Maybe the auther did not include execution delay, commission and real spread in tests published on mql5.com. The test shown is for the set file with "Medium Aggression". Backtests with "Big/Small Agression" set files produced similar results.
Our opinion
The EA follows an interesting concept. But the main problem with this strategy is that the stop orders are often triggered too early on spread spikes during strong price movements. Even if it was profitable in backtests, this kind of trading would require a broker with very fair and fast execution.Fixed lot size backtests
Why do we use fixed lot size (0.1 lots)? Check our educational page.
Dukascopy 2019.09.23, version 1.3| Symbol | EURUSD (Euro vs US Dollar) | ||||
| Period | 1 Minute (M1) 2010.01.01 02:00 - 2019.09.13 23:59 (2010.01.01 - 2019.09.15) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | MoneyManagement=1; RiskSetting=1; LotSize=0.1; MaxCurSpread=3; MaxAvgSpread=2.8; EntryOrders=0; Offset=1.7; TrailEntry=true; MinSpikeSize=14; TargetProfit=0; InitialStopLoss=5; TrailingStop=2.5; TSActivationPips=3; TrailingStep=1.5; CorrectISL=false; Spacer13="--------- GMT Trading Hours -------------------"; UseTradeHours=true; BeginTradingHour=8; StopTradingHour=19; TradeTag=""; MagicNumber=321015; | ||||
| Bars in test | 3627335 | Ticks modelled | 229088249 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 1000.00 | Spread | Variable | ||
| Total net profit | 1456.60 | Gross profit | 5275.30 | Gross loss | -3818.70 |
| Profit factor | 1.38 | Expected payoff | 0.82 | ||
| Absolute drawdown | 10.00 | Maximal drawdown | 443.40 (17.40%) | Relative drawdown | 17.40% (443.40) |
| Total trades | 1770 | Short positions (won %) | 1010 (56.93%) | Long positions (won %) | 760 (59.34%) |
| Profit trades (% of total) | 1026 (57.97%) | Loss trades (% of total) | 744 (42.03%) | ||
| Largest | profit trade | 39.80 | loss trade | -32.00 | |
| Average | profit trade | 5.14 | loss trade | -5.13 | |
| Maximum | consecutive wins (profit in money) | 20 (195.70) | consecutive losses (loss in money) | 7 (-30.60) | |
| Maximal | consecutive profit (count of wins) | 195.70 (20) | consecutive loss (count of losses) | -39.30 (4) | |
| Average | consecutive wins | 2 | consecutive losses | 2 | |
| Symbol | EURJPY (Euro vs Japanese Yen) | ||||
| Period | 1 Minute (M1) 2010.01.04 00:04 - 2019.09.13 23:59 (2010.01.01 - 2019.09.15) | ||||
| Model | Every tick (the most precise method based on all available least timeframes) | ||||
| Parameters | MoneyManagement=1; RiskSetting=0.5; LotSize=0.1; MaxCurSpread=3; MaxAvgSpread=2.8; EntryOrders=0; Offset=2; TrailEntry=true; MinSpikeSize=16; TargetProfit=0; InitialStopLoss=5; TrailingStop=2.5; TSActivationPips=0; TrailingStep=0.1; CorrectISL=false; Spacer13="--------- GMT Trading Hours -------------------"; UseTradeHours=true; BeginTradingHour=21; StopTradingHour=19; TradeTag=""; MagicNumber=321015; | ||||
| Bars in test | 3626668 | Ticks modelled | 306760645 | Modelling quality | 99.90% |
| Mismatched charts errors | 0 | ||||
| Initial deposit | 10000.00 | Spread | Variable | ||
| Total net profit | -576.45 | Gross profit | 5937.85 | Gross loss | -6514.30 |
| Profit factor | 0.91 | Expected payoff | -0.17 | ||
| Absolute drawdown | 729.89 | Maximal drawdown | 760.22 (7.58%) | Relative drawdown | 7.58% (760.22) |
| Total trades | 3394 | Short positions (won %) | 1656 (41.12%) | Long positions (won %) | 1738 (43.79%) |
| Profit trades (% of total) | 1442 (42.49%) | Loss trades (% of total) | 1952 (57.51%) | ||
| Largest | profit trade | 58.89 | loss trade | -25.45 | |
| Average | profit trade | 4.12 | loss trade | -3.34 | |
| Maximum | consecutive wins (profit in money) | 8 (48.61) | consecutive losses (loss in money) | 12 (-52.46) | |
| Maximal | consecutive profit (count of wins) | 58.89 (1) | consecutive loss (count of losses) | -52.46 (12) | |
| Average | consecutive wins | 2 | consecutive losses | 2 | |
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