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Posted

Thanks for the share grisleback.

 

The Hit and Run seems better than the ScalperX.

 

Be careful if anyone wants to trade with the ScalperX. Many of the ScalperX ebook examples are actually "before" the stoch had changed into the correct slope, so his example trades are off by a few candles.

 

The good thing is Scalper trade signal indicator is correct to his rules. But at least for yesterday on the EU, there were many losses. There were about 4 losses to every 1 win: the losses from 15 to 25 pips, while the win I saw was about 5 to 6 pips. Nowhere near the claimed 90% win rate.

 

Actually, at least for yesterday, it could be very profitable if we "reverse" trade the signal?

 

The Hit and Run long term method seems solid. It is the time-tested method, of trading into the longer term trend after a minor pull-back or consolidation. Note there is still subjective analysis involved (like drawing the correct trendline, etc.) So it is not a purely mechanical method.

Posted
Thanks for the share grisleback.

 

The Hit and Run seems better than the ScalperX.

 

Be careful if anyone wants to trade with the ScalperX. Many of the ScalperX ebook examples are actually "before" the stoch had changed into the correct slope, so his example trades are off by a few candles.

 

The good thing is Scalper trade signal indicator is correct to his rules. But at least for yesterday on the EU, there were many losses. There were about 4 losses to every 1 win: the losses from 15 to 25 pips, while the win I saw was about 5 to 6 pips. Nowhere near the claimed 90% win rate.

 

Actually, at least for yesterday, it could be very profitable if we "reverse" trade the signal?

 

The Hit and Run long term method seems solid. It is the time-tested method, of trading into the longer term trend after a minor pull-back or consolidation. Note there is still subjective analysis involved (like drawing the correct trendline, etc.) So it is not a purely mechanical method.

 

Thanks for the feedback dukeaugustus. I was hoping someone would comment on the scalper system and see what I did. Everyone of those trade examples violated the entry rules they posted. It was more like taking a chart and picking tops and bottoms saying the system was picking them when in fact you would be getting stopped out on pretty much every trade. Notice as well, it's going against the trend which rarely works out over time.

 

Haven't had a chance to look over the rest of it but plan on it over the weekend

  • 7 months later...

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