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Viper AT
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Created: by Zoethecus Attachments:34

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Viper AT

  #11 (permalink)
Membership Revoked
United States of America
 
Futures Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
Thanks: 262 given, 471 received

Viper has released their official guidance on how to best set parameters to trade ScalperAT. In fairness to Viper, I will post back test results using NT 6.5 and the suggested recommendations as sent to Viper AT subscribers. I will simply present the data and withhold my opinion or recommendation.

Pictured below are the performance data, equity curve, and parameters for ViperScalperFuturesFGBL (EUREX, Euro Bund Future) trading one contract with a 4 Range chart. Trading started at 3:00AM PST and ended 11:00 AM PST. With a profit target of 10 ticks and a stop loss of 12 ticks, Viper suggested a daily "net win" of one trade and a maximum daily loss of e$240. If either of those situations occur, the system would stop trading for the session.

For the period starting 11/21/09 and ending 2/19/10, the system generated 68 trades resulting in a profit of e$90 before commmission and susbcriber fees. Proforma commission expense of 4.00 per trade was $272, and subscriber fees were $897, for a total expense of $1169.

Result: this system LOST $1047 after commission, subscriber fees and conversion of e$90 to US$.

Attached Thumbnails
Viper AT-viperscalperfgbl.3monthperformance.jpg   Viper AT-viperscalperfgbl.3monthequitycurve.jpg   Viper AT-viperscalperfgbl.3monthparameters.jpg  

Last edited by Zoethecus; February 22nd, 2010 at 07:11 AM. Reason: corrected typo
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The following 2 users say Thank You to Zoethecus for this post:
 
  #12 (permalink)
 Vendor: www.integrity-traders.com 
East Rochester, NY
 
Futures Experience: Intermediate
Platform: NT
 
eDanny's Avatar
 
Posts: 327 since Jul 2009
Thanks: 17 given, 418 received


Zoethecus View Post
Viper has released their official guidance on how to best set parameters to trade ScalperAT. In fairness to Viper, I will post back test results using NT 6.5 and the suggested recommendations as sent to Viper AT subscribers. I will simply present the data and withhold my opinion or recommendation.

Pictured below are the performance data, equity curve, and parameters for ViperScalperFuturesCL (NYMEX, Light Sweet Crude) trading one contract with a 6 Range chart. Trading started at 6:00AM PST and ended 11:00 AM PST. With a profit target of 25 ticks and a stop loss of 33 ticks, Viper suggested a daily "net win" of three trades and a maximum daily loss of $990. If either of those situations occur, the system would stop trading for the session.

For the period starting 11/21/09 and ending 2/19/10, the system generated 285 trades resulting in a profit of $3410 before commmission and susbcriber fees. Proforma commission expense of 4.00 per trade was $1140, and subscriber fees were $897, for a total expense of $2037.

Result: this system WON $1373 after commission and subscriber fees.

Not bad, $350 per month income. Yay!

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  #13 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,182 since Jun 2009
Thanks: 626 given, 6,248 received


I think the system owner will have a severe case of heart failure long before he starts to collect his win.

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  #14 (permalink)
Elite Member
Houston,Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
Thanks: 1,208 given, 4,287 received

I am new here and still learning the proper protocol, but I gotta ask; If you wrote a strategy that when actually traded was consistently profitable , why would you sell it or rent it at any price?

If their systems are profitable, why don't they agree to take their payments as a percentage of the winning trades?

I'm not trying to be a Debbie Downer and I hope I haven't offended anyone, but I have always wondered about this when I see people hawking their trading systems.

If I ever write a system that makes money trading futures all day while I lay out by the pool , not only will I not sell it, I will have armed guards on the source code.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #15 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,182 since Jun 2009
Thanks: 626 given, 6,248 received


ThatManFromTexas View Post
..

If I ever write a system that makes money trading futures all day while I lay out by the pool , not only will I not sell it, I will have armed guards on the source code.

I am pretty sure they do it out of the kindness of their hearts.

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  #16 (permalink)
Membership Revoked
United States of America
 
Futures Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
Thanks: 262 given, 471 received

Viper has released their official guidance on how to best set parameters to trade ScalperAT. In fairness to Viper, I will post back test results using NT 6.5 and the suggested recommendations as sent to Viper AT subscribers. I will simply present the data and withhold my opinion or recommendation.

Pictured below are the performance data, equity curve, and parameters for ViperScalperFuturesNQ (GLOBEX, E-mini NASDAQ-100 Futures) trading one contract with a 4 Range chart. Trading started at 7:00AM PST and ended 12:40 AM PST. With a profit target of 10 ticks and a stop loss of 12 ticks, Viper suggested a daily "net win" of one trade and a maximum daily loss of $120. If either of those situations occur, the system would stop trading for the session.

For the period starting 11/21/09 and ending 2/19/10, the system generated 107 trades resulting in a loss of $360 before commmission and susbcriber fees. Proforma commission expense of 4.00 per trade was $428, and subscriber fees were $897, for a total expense of $1325.

Result: this system LOST $1685 after commission and subscriber fees.

Attached Thumbnails
Viper AT-viperscalpernq.3monthperformance.jpg   Viper AT-viperscalpernq3monthequitycurve.jpg   Viper AT-viperscalpernq.3monthparameters.jpg  
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  #17 (permalink)
Membership Revoked
United States of America
 
Futures Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
Thanks: 262 given, 471 received

Viper has released their official guidance on how to best set parameters to trade ScalperAT. In fairness to Viper, I will post back test results using NT 6.5 and the suggested recommendations as sent to Viper AT subscribers. I will simply present the data and withhold my opinion or recommendation.

Pictured below are the performance data, equity curve, and parameters for ViperScalperFuturesZW (GLOBEX Wheat Futures) trading one contract with a 2 Range chart. Trading started at 7:30 AM PST and ended 11:00 AM PST. With a profit target of 10 ticks and a stop loss of 12 ticks, Viper suggested a daily "net win" of one trade and a maximum daily loss of $300. If either of those situations occur, the system would stop trading for the session.

For the period starting 11/21/09 and ending 2/19/10, the system generated 125 trades resulting in a win of $575.50 before commmission and susbcriber fees. Proforma commission expense of 4.00 per trade was $500, and subscriber fees were $897, for a total expense of $1397.

Result: this system LOST $859.50 after commission and subscriber fees.

Attached Thumbnails
Viper AT-viperscalperzw.3monthperformance.jpg   Viper AT-viperscalperzw3monthequitycurve.jpg   Viper AT-viperscalperzw.3monthparameters.jpg  
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  #18 (permalink)
Membership Revoked
United States of America
 
Futures Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
Thanks: 262 given, 471 received

Viper has released their official guidance on how to best set parameters to trade ScalperAT. In fairness to Viper, I will post back test results using NT 6.5 and the suggested recommendations as sent to Viper AT subscribers. I will simply present the data and withhold my opinion or recommendation.

Pictured below are the performance data, equity curve, and parameters for ViperScalperFuturesZS (GLOBEX Soybean Futures) trading one contract with a 2 Range chart. Trading started at 7:30 AM PST and ended 11:00 AM PST. With a profit target of 10 ticks and a stop loss of 12 ticks, Viper suggested a daily "net win" of two trades and a maximum daily loss of $450. If either of those situations occur, the system would stop trading for the session.

For the period starting 11/21/09 and ending 2/19/10, the system generated 244 trades resulting in a loss of $2062.50 before commmission and susbcriber fees. Proforma commission expense of 4.00 per trade was $976, and subscriber fees were $897, for a total expense of $1873.

Result: this system LOST $3935.50 after commission and subscriber fees.

Attached Thumbnails
Viper AT-viperscalperzs.3monthperformance.jpg   Viper AT-viperscalperzs.3monthequitycurve.jpg   Viper AT-viperscalperzs.3monthparameters.jpg  
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  #19 (permalink)
Membership Revoked
United States of America
 
Futures Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
Thanks: 262 given, 471 received

Viper has released their official guidance on how to best set parameters to trade ScalperAT. In fairness to Viper, I will post back test results using NT 6.5 and the suggested recommendations as sent to Viper AT subscribers. I will simply present the data and withhold my opinion or recommendation.

Pictured below are the performance data, equity curve, and parameters for ViperScalperFuturesFESX (EUREX, DJ EURO STOXX 50) trading one contract with a 2 Range chart. Trading started at 2:00 AM PST and ended 11:00 AM PST. With a profit target of 6 ticks and a stop loss of 9 ticks, Viper suggested a daily "net win" of three trades and a maximum daily loss of e$360. If either of those situations occur, the system would stop trading for the session.

For the period starting 11/21/09 and ending 2/19/10, the system generated 275 trades resulting in a loss of e$1780 before commmission and susbcriber fees. Proforma commission expense of 4.00 per trade was $1100, and subscriber fees were $897, for a total expense of $1997.

Result: this system LOST $4407 after commission, subscriber fees and conversion of e$1780 to US$.

Attached Thumbnails
Viper AT-viperscalperfesx.3monthperformance.jpg   Viper AT-viperscalperfgbl.3monthequitycurve.jpg   Viper AT-viperscalperfesx.3monthparameters.jpg  
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  #20 (permalink)
Elite Member
Washington DC
 
Futures Experience: Intermediate
Platform: NinjaTrader
 
Posts: 214 since Jun 2009
Thanks: 110 given, 115 received



Eric j View Post
Im glad someone is exposing these things for what they are . Thanks ZOE for a great service to all . Theres too many predators out there and unfortunately enough pigeons to feed their appetites .

In the sense of fair and balanced, I am not sure what is going on in this thread is all that ethical either.

If you are truly trying to warn people about the dangers of AT's then there are a lot of them out there. Why not review all the one's on Ninja's site. Why just Viper. It's almost like you have some kind of personal agenda, which calls into question your objectivity.

Also from the timing of release of their recommendations, you either are on the inside, have a contact on the inside or have some way of getting info almost immediately. Not the highest standards of eithical conduct in my opinion.

Pete

PS No I don't use the autotraders, cause I don't like them myself.

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