Fantom Trading

[TopicStarter]

Introduction​

Fantom Trading, an automated trading system designed for Forex and Gold currency pairs, promises high-probability signals and quick profits. But as always, the devil is in the details. Let's dissect this robot and see if it lives up to its claims or if it's just another overhyped piece of software.

Function Description​

Fantom Trading is built around a scalper strategy, focusing on small, quick profits and rapid market exits. The key features include:

• Advanced algorithms to monitor price movements and tick patterns.
• Stop Loss and Take Profit settings, both defaulting to 800 points.
• Trailing Stop functionality with customizable parameters.
• Manual and automated lot sizing options.
• Slippage control set at 9 points.
• Unique Magic Number for order identification.

The system is optimized for the M5 time frame and is designed to run on a VPS with low latency.

Performance Analysis​

Despite its promising description, user feedback tells a different story. Yousef Abd Alhameed A F Shaheen rated it poorly, stating, UNFORTUNATELY, NOT A GOOD EA, BACKTEST IS NOT THE SAME AS REAL TRADING. This discrepancy between backtesting results and live trading performance is a significant red flag. Over the past year, the robot has shown inconsistent results, often failing to replicate its backtest success in real trading conditions. This raises questions about its reliability and effectiveness.

Pros and Cons​

Pros:

• User-friendly interface with default settings.
• Comprehensive risk management features.
• Versatile, supporting multiple currency pairs.

Cons:

• Significant discrepancy between backtest and real trading performance.
• Mixed user reviews and low ratings.
• Requires a VPS with low latency for optimal performance.

Source Code of Fantom Trading​

We don't have access to the original source code of the Fantom Trading robot sold on MQL5. However, based on its description, we have created a sample code. If you have any questions about the code, feel free to ask. Note that the EASY Trading Team does not sell the Fantom Trading robot; we only provide a code example based on its description.

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Download Fantom Trading: Your Questions Answered​

For more detailed statistics and user reviews, visit our website. We encourage users to discuss this robot on our forum and share their results. Your feedback is invaluable in assessing the true performance of Fantom Trading.