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What is your experience with thetradescalper.com approach?
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What is your experience with thetradescalper.com approach?

  #11 (permalink)
 Vendor: www.traderwerks.com 
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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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  #12 (permalink)
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traderwerks View Post
Getting a 73% rate is a little hard because the area where he enters is where a lot of stop running occurs.

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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The following user says Thank You to Zoethecus for this post:
 
  #13 (permalink)
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edit:

Sorry about my previous post, double checked and it is not. The names were close to what I was thinking about though.

My apology.


Last edited by studio88; July 1st, 2010 at 12:32 AM.
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  #14 (permalink)
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traderwerks View Post
Not really a special method.

I looked at the site and I have a very good idea on what the method is. Not something you cannot get for free on the 'inter-web'.

Hi traderwerks,

what IS your idea of this trade-setup ?
How do you think the trade-rules are ?

max-td
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  #15 (permalink)
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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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  #16 (permalink)
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max-td View Post
Hi traderwerks,

what IS your idea of this trade-setup ?
How do you think the trade-rules are ?

Pretty much the same as Fat Tails except I call the expansion bar a pivot high or low.

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  #17 (permalink)
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Platform suggested eToro!??!?!?!

Oh, come on people!!!

Luke.

Take your Pips, go out and Live.
Luke.
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  #18 (permalink)
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You went to the wrong website!



LukeGeniol View Post
Platform suggested eToro!??!?!?!

Oh, come on people!!!

Luke.


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  #19 (permalink)
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Fat Tails View Post
You went to the wrong website!


ooopppsss..............

It seemed little strange to me....

But the link on title is wrong...........I think you are tolking about thetradescalper.com.

Luke.

Take your Pips, go out and Live.
Luke.
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  #20 (permalink)
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LukeGeniol View Post
ooopppsss..............

It seemed little strange to me....

But the link on title is wrong...........I think you are tolking about thetradescalper.com.

Luke.

I corrected the title.

Mike

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