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

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What is your experience with thetradescalper.com approach?

  #15 (permalink)

Market Wizard
Berlin, Europe
Trading Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
Fat Tails's Avatar
Posts: 9,798 since Mar 2010
Thanks: 4,236 given, 26,397 received

This system is well-known and widely used amongst professionals. All rational traders can use it, if they do not trade their own money. They get a bonus for the large part of their trades and the employer or the taxpayer takes the one large loss that comes up occasionally. Moral hazard is all about false incentives.

If you trade this system yourself, you are not confronted with moral hazard, but you need to take some money out of your account regularly, before you blow it all up.

Zoethecus View Post
Don't worry. If he finds the batting average is going down, he'll simply increase the stop loss.

I know of a system that has over a 99% win rate: its PT is one tick and SL is nil.

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