FX Phantom System - new look for an old strategy

Published: 05.09.2023

Reading time: 18 minutes

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FX Phantom System is a trend trading strategy that is so similar to the previous one in terms of indicators, templates and trading rules that you may start to confuse them. But there are still differences and they are visual rather than technical. FX Phantom Software also promises us accurate signals without recoloring, based on the analysis of many indicators, three templates for different trading styles and a built-in system of notification of emerging trading signals. What's the real deal? Let's take a look.

Characteristics of the FX Phantom MT4 Software

Platform: Metatrader4
Currency pairs: Any currency pairs, recommended major
Trading Time: Any, recommended New York and London trading sessions
Time Frame: M1-D1 (use the appropriate template)
Recommended broker: Roboforex, XM, FBS

Templates and Trading Styles

FX Phantom System is an easy-to-use trading system, without repainting, which has several templates for different trading styles, advanced alert system. It will suit both beginners and more experienced traders. It can be used as a standalone trading system or act as an additional confirmation tool in your trading system.

System provides three different trading styles (templates) depending on your expectations, risk appetite and experience in trading.

FX PHANTOM SC

Its characterized by the fastest signals as well as the largest potential profit with increased risk J f you are familiar with scalping and catching the quick market movements, you should choose this trading mode.

Scalping mode is recommended for advanced traders.

FX PHANTOM DT

Is the most universal mode/ providing the most balanced signals. It provides stable signals with limited risk.

This mode is recommended for beginners as well as experienced traders.

FX PHANTOM SW

Provides the most secure signals, with less profit potential at the same time. Pick this mode if you want to spend the minimum amount of time in front of the computer.

This mode is recommended for every type of trader.

Indicators remain non-repainting, unaffected by real-time updates or any other circumstances.

How does it work

FX-Phantom incorporates cutting-edge indicators and a trading assistant. The primary signal indicator conducts an analysis of RSI, Momentum, CCI, Oscillators, ADX, and WPR, consolidating the findings into a user-friendly signal display.

It's as straightforward as this:

BLUE indicates a BUY signal

RED indicates a SELL signal

Entry Examples

BUY TRADE

Wait for a blue arrow on the chart. When it will appear (1) check if its in line with the market trend (2). If both agree it's a valid buy signal.

Additional confirmation by basket dashboard (3). (its not necessary, but such trade is more safe and it's got more profit potential)

Example: You are trying to BUY USDJPY pair. Check if the other USD pairs are also in up trend (blue color):

SELL TRADE

Wait for a red arrow on the chart. When it will appear (1) check if it's in line with the market trend (2), If both agree its a valid sell signal.

You can also use additional confirmation by basket dashboard (3).

Example: You are trying to SELL EURUSD pair. Check if the other EUR pairs are also in down trend (red color):

Exit rules

Exit guidelines:

Default Approach: Await a contrary signal.

Alternate exit strategies:

Implement Risk-to-Reward ratios.
Leverage Support and Resistance levels.
Factor in Round Numbers.

Whenever a new signal emerges, you'll receive immediate notifications through the following channels:

A standard MT4 pop-up accompanied by a sound alert
An Email notification
A push notification for mobile devices:

fx-phantom-system-alerts

Additionally, as a bonus, the Make Money Expert Advisor is included, which acts as an assistant for opening/closing trades. It allows you to accompany an open order with a trailing stop, set signal levels, etc.

And, finally, I want to say that you should not lose vigilance and no matter how good the trading system is, but losses are inevitable. Therefore, self-discipline and cold reasoning together with proper Money Management will never be superfluous. Besides, don't forget to take into account important economic news and train on demo accounts.

In the archive FX_Phantom_MT4_System.rar (3.75 Mb):