Hi Thanks for the answer. I get that about phantom trades. What I do not know if which is the criteria used in hedge = 5 to decide if a trade is real or not. Phantom trades are used both for hedge and equity curve trading. Does it mean they are used at the same time for it?

Lets see that we have hedge=5, what makes that a trade becomes a phantom trade or a real trade?. If hedge = 2, it is based in equity curve. If it is hedge = 5, is it the same criteria?

It is written in the tutorial that al open trades in hedge = 5 are phantom trades, and then some of then become pool trades which become real trades. Which is the criteria for it?