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Viper AT

  #3 (permalink)

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

A general rule among system buyers calls for the monthly price of the system to be at a range of 10-15% of the monthly profits, net of commissions and subscription fees.

Attached are the six month backtest results for the ViperScalperFutures6E (Globex, Euro FX) with default settings for targets as recommended by the developer Rich Staiton during subscriber webinars. Using a 4 Range chart, trading started at 12:05 AM PST and ended 11:00 AM PST. The system default of a daily profit shutdown of $200 was on as well as a daily loss shutdown of $400. Profit target was 10 ticks; stop loss was 12 ticks.

For the period starting 8/20/09 and ending 2/16/10, the system generated 350 trades resulting in a profit of $2775 before commissions and subscriber fees. Commission expense at $4.00 per trade was $1400, and subscriber fees were $1794, for a total expense of $3194.

Net Result: this system LOST $419

Recommendation: Avoid

Attached Thumbnails
Viper AT-viperscalper6e_6months.jpg  

Last edited by Zoethecus; February 16th, 2010 at 02:54 PM.
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