Phantom Trader

What is Phantom Trader?

Phantom Trader is an automated trading system created as a tools to assist forex traders to trade without their physical present in front of the computer. The Intellectual properties belongs to AlgomationFX Pte Ltd. It is designed to work under the MetaTrader4 (MT4) platform as an Expert Advisor (EA).

How does Phantom Trader work?

Phantom Trader trades using the logic of arbitrage on Euro Dollars with the other 4 major currencies around the Globe, i.e. US Dollars, Swiss Franc, Japanese Yen & British Pounds.

There is a proprietary self-enhancing mechanism built into Phantom Trader to study the market movements of the above-mentioned 5 currencies. We believe that this allows the system to make precise decisions on entry and exit points based on the data and information collected. Upon activation of Phantom Trader, the system will study the equlibrium of Euro Dollars towards the other 4 major currencies.

The basic execution of Phantom Trader is to buy when Euro Dollars is weakening and to sell when Euro Dollars is strengthening, relative to the 4 major currencies. In our opinion, it is more effective during a ranging market or when the Euro Dollars fluctuates up and down. Calculation on the market equlibrium of the 5 currencies will be performed after each entry and exit. It is to be noted that some degree of floating loss will be present in the event of a failure of market equlibrium in the 5 currencies.

Is the system risky?

Under normal market conditions, Phantom Trader employs conservative trading methods. The system uses about 10-15% margin on any open trade.

Please read "Risk Disclosure"

Before you automate your trades with Phantom Trader, you must read the "MUST KNOWs of Phantom Trader"

To learn how to setup the EA read this guide.

For a better understanding, read our FAQ.

To get a Live EA, click HERE

To host your EAs, we recommend