Fantom Trading

What is Fantom Trading?

Fantom Trading is an automated trading system designed for the Forex and Gold markets. It uses advanced algorithms to monitor price movements and tick patterns, identifying high-probability trading signals. This expert advisor (EA) is known for its scalper strategy, which aims to take small profits quickly and exit the market efficiently.

Key Features of Fantom Trading

Exclusive and advanced algorithms

Dedicated to Forex and Gold currency pairs

Scalper strategy for quick, small profits

Stop Loss, Take Profit, and Trailing options for risk management

Simple installation and user-friendly settings

Settings and Recommendations

Max Spread: 10 to 50 (higher than the average spread of the currency pair)

Fixed Lot: 0.0 (Auto Lot); Fixed Lot > 0 (user-defined lot size)

Auto Lot: 2.0 (2.0 lots per $100,000 balance or 0.02 lots per $1,000 balance)

Take Profit: 800 points

Stop Loss: 800 points

Trailing: 6 to 15 points

Start Trailing: 15 to 30 points

Slippage: 9

Magic Number: User-defined

Performance and Usability

Fantom Trading is designed to be user-friendly and efficient. If users are unsure about the settings, they can leave the default values. The EA is recommended for use on the M5 time frame and with currency pairs that have low spreads, such as EURUSD, GBPUSD, USDJPY, and AUDUSD. It is also advised to use a VPS with low latency (<20ms) and an ECN or Raw spread account.

Advantages of Using Fantom Trading

Tracks dozens or hundreds of quotes simultaneously

Performs complex calculations instantly

Adheres strictly to its algorithm, avoiding human errors

Not influenced by emotions, ensuring consistent trading logic

Operates 24/7, allowing traders to focus on other activities

Criticisms and User Feedback

While Fantom Trading offers several advantages, it has also faced criticism. Some users have reported significant account losses despite following the recommended settings. Issues such as frequent small wins followed by large losses, unclear methodology, and dependency on specific brokers have been highlighted. These concerns suggest that while Fantom Trading can be effective, it may not be suitable for all trading conditions or user expectations.

Conclusion

Fantom Trading is a sophisticated automated trading system with several benefits, including advanced algorithms, efficient risk management, and user-friendly settings. However, it is essential for users to thoroughly test and understand the system before relying on it for significant trading activities. As with any trading tool, it is crucial to stay informed and adapt to changing market conditions. Happy trading! 🚀📈