What is your experience with thetradescalper.com approach? | Trading Reviews and Vendors


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What is your experience with thetradescalper.com approach?

  #11 (permalink)

Taipei Taiwan
 
Trading Experience: Advanced
Platform: NinjaTrader
Broker/Data: AMP Clearing
Favorite Futures: TW
 
Posts: 693 since Jun 2009
Thanks: 441 given, 452 received


Fat Tails View Post

So you would need a success rate of 73% just to break-even. No errors allowed.

Getting a 73% rate is a little hard because the area where he enters is where a lot of stop running occurs. A lot of stop gather right outside the expansion bar so you very likely will get a 'pop' as stops are hit. You have to be quick sometimes the pop doesn't last long. But you can get in and out if the pop moves three ticks.

Traders do know this, and they will play games on the tape to get traders like this to bite.

His daytradetowin system is an opening range breakout system, so this kind of scalping system fits with that.

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