NexusFi: Find Your Edge


Home Menu

 





What is your experience with thetradescalper.com approach?


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one Fat Tails with 4 posts (4 thanks)
    2. looks_two Big Mike with 4 posts (0 thanks)
    3. looks_3 MrBean with 4 posts (7 thanks)
    4. looks_4 traderwerks with 3 posts (0 thanks)
    1. trending_up 13,780 views
    2. thumb_up 12 thanks given
    3. group 7 followers
    1. forum 28 posts
    2. attach_file 1 attachments




 
Search this Thread

What is your experience with thetradescalper.com approach?

  #11 (permalink)
 traderwerks   is a Vendor
 
Posts: 692 since Jun 2009
Thanks Given: 436
Thanks Received: 465


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.

Reply With Quote

Can you help answer these questions
from other members on NexusFi?
Deepmoney LLM
Elite Quantitative GenAI/LLM
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Exit Strategy
NinjaTrader
NexusFi Journal Challenge - April 2024
Feedback and Announcements
 

  #12 (permalink)
 Zoethecus 
United States of America
 
Experience: Advanced
Platform: NT
Posts: 1,145 since Aug 2009


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.

Reply With Quote
  #13 (permalink)
 studio88 
Queensland, Australia
 
Experience: Intermediate
Platform: NinjaTrader, ProRealtime, Others
Broker: IB
Posts: 94 since May 2010
Thanks Given: 102
Thanks Received: 47


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.

Reply With Quote
  #14 (permalink)
 
max-td's Avatar
 max-td 
Frankfurt
 
Experience: Intermediate
Platform: NinjaTrader
Trading: FGBL 6E B4
Posts: 1,752 since Jun 2009
Thanks Given: 2,309
Thanks Received: 927


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
Reply With Quote
  #15 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102

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.


Reply With Quote
  #16 (permalink)
 traderwerks   is a Vendor
 
Posts: 692 since Jun 2009
Thanks Given: 436
Thanks Received: 465


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.

Reply With Quote
  #17 (permalink)
 
LukeGeniol's Avatar
 LukeGeniol 
Italy (IT) Italy
 
Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker: Rithmic
Trading: CL, Brent, GC, TF
Frequency: Daily
Duration: Minutes
Posts: 1,499 since Apr 2010
Thanks Given: 408
Thanks Received: 985

Platform suggested eToro!??!?!?!

Oh, come on people!!!

Luke.

Take your Pips, go out and Live.
Luke.
Reply With Quote
  #18 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102

You went to the wrong website!



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

Oh, come on people!!!

Luke.


Reply With Quote
  #19 (permalink)
 
LukeGeniol's Avatar
 LukeGeniol 
Italy (IT) Italy
 
Experience: Advanced
Platform: ATAS, R|Trader, NT8
Broker: Rithmic
Trading: CL, Brent, GC, TF
Frequency: Daily
Duration: Minutes
Posts: 1,499 since Apr 2010
Thanks Given: 408
Thanks Received: 985


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.
Reply With Quote
  #20 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,393 since Jun 2009
Thanks Given: 33,172
Thanks Received: 101,530



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

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote





Last Updated on July 16, 2010


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts