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Viper AT
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Viper AT

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

Viper AT

This thread is for discussion of only the Viper Auto Trade systems, not the indicator ViperIII, nor ViperTradeAssistant.

The strategies include: AnacondaAutoESLongnew, AnacondaAutoEsShortnew, RusselVipernew2, Viper6Bnew, Viper6Enew, ViperDiamondbacknew, ViperForexGBPUSDnew2, ViperMambanew,ViperScalperForex, ViperScalperForexJpys, ViperScalperFutures, ViperZBnew, and ViperZNnew. These scripts are available for all current subscribers for $299.00 a month.

Viper has indicated new prices will take effect with the launching of a new website sometime in the near future. In addition, AnacondaAutoESLongnew, AnacondaAutoEsShortnew, RusselVipernew2, Viper6Bnew, Viper6Enew, ViperDiamondbacknew, and ViperMambanew will no longer be available to new subscribers.


Last edited by Zoethecus; February 16th, 2010 at 02:49 PM.
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  #2 (permalink)
Quick Summary
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Quick Summary is created and edited by users like you... Add FAQ's, Links and other Relevant Information by clicking the edit button in the lower right hand corner of this message.

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


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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The following 4 users say Thank You to Zoethecus for this post:
 
  #4 (permalink)
Big game hunter
NY
 
Futures Experience: Advanced
Platform: Esignal, MBT navigator
Favorite Futures: Currencies
 
Posts: 2,526 since Jun 2009
Thanks: 1,397 given, 2,570 received

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 .

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  #5 (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 ViperScalperFutures6E (Globex, Euro FX) trading one contract with a 4 Range chart. Trading started at 12:05 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 three trades and a maximum daily loss of $500. 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 420 trades resulting in a loss of $1975 before commissions and subscriber fees. Proforma commission expense at $4.00 per trade was $1680, and subscriber fees were $897, for a total expense of $2577.

Result: this system LOST $4552 after commissions and subscriber fees.

Attached Thumbnails
Viper AT-viperscalper6e.3monthperformance.jpg   Viper AT-viperscalper6e.3monthequitycurve.jpg   Viper AT-viperscalper6e.3monthparameters.jpg  

Last edited by Zoethecus; February 20th, 2010 at 06:35 PM. Reason: added parameters chart/ data correction
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  #6 (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 ViperScalperFuturesES (GLOBEX, E-mini S&P 500) trading one contract with a 5 Range chart. Trading started at 6:45 AM PST and ended 12:40 PM 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 49 trades resulting in a profit of $75 before commissions and subscriber fees. Proforma commission expense at $4.00 per trade was $196, and subscriber fees were $897, for a total expense of $1093.

Result: this system LOST $1018 after commission and subscriber fees.

Attached Thumbnails
Viper AT-viperscalperes.3monthperformance.jpg   Viper AT-viperscalperes3monthequitycurve.jpg   Viper AT-viperscalperes.3monthparameters.jpg  

Last edited by Zoethecus; February 21st, 2010 at 03:34 PM. Reason: Corrected trading times
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  #7 (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 ViperScalperFuturesYM (GLOBEX, mini-size Dow)trading one contract with a 4 Range chart. Trading started at 7:00AM PST and ended 12:50 PM PST. With a profit target of 10 ticks and a stop loss of 12 ticks, Viper suggested a daily "net win" of two tradesand a maximum daily loss of $180. 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 178 trades resulting in a loss of $720 before commmission and susbcriber fees. Proforma commission expense of4.00 per trade was $712, and subscriber fees were $897, for a total expense of $1609.

Result: this system LOST $2329 after commission and subscriber fees.

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

Last edited by Zoethecus; February 21st, 2010 at 03:33 PM. Reason: Corrected trading times
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  #8 (permalink)
Elite Member
Frankfurt
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: FGBL 6E B4
 
max-td's Avatar
 
Posts: 1,754 since Jun 2009
Thanks: 2,309 given, 917 received

Thanx for those reports!

max-td
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  #9 (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 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.

Attached Thumbnails
Viper AT-viperscalpercl.3monthperformance.jpg   Viper AT-viperscalpercl.3monthequitycurve.jpg   Viper AT-viperscalpercl.3monthparameters.jpg  
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  #10 (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 ViperScalperFuturesTF (NYBOT, Mini Russel 2000) trading one contract with a 4 Range chart. Trading started at 6:40 AM PST and ended 12:40 PM PST. With a profit target of 14 ticks and a stop loss of 20 ticks, Viper suggested a daily "net win" of two trades and a maximum daily loss of $600. 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 208 trades resulting in a loss of $1140 before commmission and susbcriber fees. Proforma commission expense of 4.00 per trade was $832, and subscriber fees were $897, for a total expense of $1729.

Result: this system LOST $2869 after commission and subscriber fees.

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

Last edited by Zoethecus; February 21st, 2010 at 03:33 PM.
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