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Trading Reviews and Vendors

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Viper AT

  #40 (permalink)

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

jgreene View Post
Their latest products, Scalper and AutoassistCrap, are doomed also. Take a close look at the spreadsheet they sent out for Scalper and you will find the risk/reward ratio is very poor.

The AT systems using Viper's official guidance have an average win rate between 50-56%, which is nowhere near what they need to be profitable with those risk/reward numbers, the best of which is 6/5 or risk $120 to make $100. (And that is before the rake of commissions and a $299 monthly fee.)

A trading system with a negative risk/reward is analogous to "laying" odds 100% of the time as if betting on a favorite in a sporting event. It will lead to ruin in short order.

Attached Files
Register to download File Type: xls ScalperGuidanceSheet.xls (39.0 KB, 29 views)
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