By continuing to use our website you agree that cookies are used to improve the user experience (e.g. to saving settings). More info. That's Fine
Please support us by disabling the ad blocker for our website. Thank you! I will

EA review - CEF Phantom Scalper

Rating total:
Backtests:
Live performance:
Risk control:
Customizability:
Price:
Vendor link | Price: $199  (2019.09.24)
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

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

Full backtest report

Strategy Tester: CEF Phantom Scalper
SymbolEURUSD (Euro vs US Dollar)
Period1 Minute (M1) 2010.01.01 02:00 - 2019.09.13 23:59 (2010.01.01 - 2019.09.15)
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersMoneyManagement=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 test3627335Ticks modelled229088249Modelling quality99.90%
Mismatched charts errors0
Initial deposit1000.00SpreadVariable
Total net profit1456.60Gross profit5275.30Gross loss-3818.70
Profit factor1.38Expected payoff0.82
Absolute drawdown10.00Maximal drawdown443.40 (17.40%)Relative drawdown17.40% (443.40)
Total trades1770Short 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%)
Largestprofit trade39.80loss trade-32.00
Averageprofit trade5.14loss trade-5.13
Maximumconsecutive wins (profit in money)20 (195.70)consecutive losses (loss in money)7 (-30.60)
Maximalconsecutive profit (count of wins)195.70 (20)consecutive loss (count of losses)-39.30 (4)
Averageconsecutive wins2consecutive losses2
Graph

Full backtest report

Strategy Tester: CEF Phantom Scalper
SymbolEURJPY (Euro vs Japanese Yen)
Period1 Minute (M1) 2010.01.04 00:04 - 2019.09.13 23:59 (2010.01.01 - 2019.09.15)
ModelEvery tick (the most precise method based on all available least timeframes)
ParametersMoneyManagement=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 test3626668Ticks modelled306760645Modelling quality99.90%
Mismatched charts errors0
Initial deposit10000.00SpreadVariable
Total net profit-576.45Gross profit5937.85Gross loss-6514.30
Profit factor0.91Expected payoff-0.17
Absolute drawdown729.89Maximal drawdown760.22 (7.58%)Relative drawdown7.58% (760.22)
Total trades3394Short 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%)
Largestprofit trade58.89loss trade-25.45
Averageprofit trade4.12loss trade-3.34
Maximumconsecutive wins (profit in money)8 (48.61)consecutive losses (loss in money)12 (-52.46)
Maximalconsecutive profit (count of wins)58.89 (1)consecutive loss (count of losses)-52.46 (12)
Averageconsecutive wins2consecutive losses2
Graph

Portfolio backtest

Link to PDF file

Portfolio backtest

All EA reviews (15)


Latest EA reviews


Scalperinho EA

A very promissing EA that trades intraday pullbacks on a impressive number of 28 pairs.


StarX

A cheap night scalper with promising backtests. Check it out.


InertiaExtra

A S/R scalper for the EURUSD pair with an impressive backtest.


SFE Night Scalper

An asian scalper with a 4 years old live account. Check out our review


Aura MT4

A trend follwing system with inconsistent backtests.


SFE Stealth

Promising new Asian scalper with good live results. Check out our review.


FXStabilizer PRO

A martingale system which survived astonishing long in live trading


Mito EA

A trend / counter trend system that trades 31 different pairs. Check it out


FXAdept

A successful trend following EA with nearly two years of live history. Check out our review.


Bazava

A quite cheap intraday scalper for the NZDUSD. Is it worth the money? Check it out.


Tesseract

A counter-trend system with inconsistent backtests


Legend

A combination of a momentum based strategy and an SR level breakout system


CEF Phantom Scalper

An aggressive intraday counter-trend scalper on M1 time frame


Momentum Capture EA

A momentum system that trades during central bank news events.


CEF Silicon Falcon

S/R level breakout scalper


Comments

No comments yet.

Add a comment:

Please insert a name.
Please insert a correct email address.
Please write some text.

Want to start trading on a live or demo account?