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What is your experience with thetradescalper.com approach?


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What is your experience with thetradescalper.com approach?
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Elite Member
Amos, Québec, Canada
 
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Posts: 15 since Feb 2010
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IS THERE ANYBODY THAT HAS TRIED THE TRADESCALPER.COM APPROACH , FROM THE OUTSIDE IT SEAM SERIOUS AND RELIABLE, IF SO, WHAT DO YOU THINK ABOUT IT ?

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vital38 View Post
IS THERE ANYBODY THAT HAS TRIED THE TRADESCALPER.COM APPROACH , FROM THE OUTSIDE IT SEAM SERIOUS AND RELIABLE, IF SO, WHAT DO YOU THINK ABOUT IT ?

Please, NO YELLING. When you use caps on the internet it is considered YELLING.

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Big Mike View Post
Please, NO YELLING. When you use caps on the internet it is considered YELLING.

Mike

Sorry Mike, i didn't seen it that way, thanks for the tips !

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To which of the two sites are you referring?

- www.tradescalper.com
- www.thetradescalper.com

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The second one, he operate daytradetowin website as well.

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vital38 View Post
The second one, he operate daytradetowin website as well.

It really looks like an expensive scam.
But unlike others in this lucrative branch, the design of his website is not bad.
Unfortunatly, it still a scam, give your money to the Red Cross, it's a better idea .

If someone have something as good as he says/writes, why renting/selling it ?

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sam028 View Post

If someone have something as good as he says/writes, why renting/selling it ?

Ah......because they love to teach.

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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'.

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This is the setup:

He just uses a 1 min chart without indicators. After an expansion bar he waits for price to retrace a little further than the midline of that expansion bar. Then he enters in the direction of the prior trend. This is a with-trend setup. It assumes that the retracement was triggered by profit taking and that the original trend will resume. I do not know if any additional filters are used.

For ES the target is 3 ticks, the stop loss is 6 ticks. So your profit would be 3 ticks minus transaction cost (USD 4.00 per round turn) , the loss 6 ticks plus transaction cost.

Profit per contract and trade : USD 33.50
Loss per contract and trade : USD 91.50 (including 1 tick slippage)

So you would need a success rate of 73% just to break-even. No errors allowed.

I do not think that this is a special opportunity and I would not pay for that advice, but try to develop a setup myself.

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