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Viper Trading Systems Indicator

  #54 (permalink)

United States of America
Trading Experience: Advanced
Platform: NT
Posts: 1,149 since Aug 2009

ronan2505 View Post
p.s. Forgot to add recommended max loss setting on 6E is 80 ticks for 2 contracts (40 ticks for 1 contract)

The default setting for that parameter is O, which means false. And the developer explained why that's the case in the webinar--because one could easily be down 80 ticks and the AT would rally back to show a profit and you'd miss it.

If all those curve fitted parameters are necessary to make a profit, why doesn't Viper simply hard wire them into defaults to optomize the performance? Why leave it an open option for the trader?

Here's why: because if the AT has a great trading day during the times that were talked about as "no trade zones," they will use that to promote the great performance of the system. Other than the trade date calendar on the website, there is nothing explaining, when not to trade.

Let's be fair. You can't have it both ways. You can't have your cake and eat it too.

And you still haven't explained why the performance of these instruments is not posted daily on the Viper website. What is Viper trying to hide?

The systems are terribly flawed with massive drawdowns and require way to much user intervention.

Last edited by Zoethecus; January 13th, 2010 at 10:16 AM.
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