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Scalp Trader PRO (By scalptraderpro)

Gain : +858.31%
Drawdown 17.73%
Pips: 896.4
Trades 144
Type: Real
Leverage: 1:100
Trading: Automated

Scalp Trader PRO Discussion

Nov 26 2015 at 07:46
88 posts
Doug just told me this EA is a Trade Copier that runs from his server.

That means increased time to open and close trades. Which means increased slippage over his master account.

Nov 26 2015 at 12:55
88 posts
Doing the maths, the 10 year back test ran at 12% risk per trade, had a 46.65% relative DD to the then balance high water mark and made a averaged compounded 4.9% return / grown per month over the 10.75 years.

At the current risk per trade of 27%, the account would probably not survive the 10 year back test as the recorded worst case DD would exceed the balance and it would margin call.

Nov 26 2015 at 13:37
34 posts
i dont understand, how do you calculate the risk trade?when his account never hit the stoploss

Nov 26 2015 at 13:38
239 posts
like i said, forgewt the eas from him... and for shure now ea is a tradecopier and a remake from venturebot, that ea has 120 pips sl too

Nov 26 2015 at 14:58
88 posts
Risk = ( lot size × $10 × 120 pips SL) / $ balance when opening trade. This is what % of your balance you will lose if the EURUSD trade hits the SL. The $ value between the ( ) is how much the lost will cost you if the SL is hit.

Nov 26 2015 at 16:17
1916 posts
RedRhino posted:
rob559 posted:
FXtrader2010 posted:
I am now convinced this guy only out to make money selling systems.

i'v been convinced since day 1,did you notice that we'v never heard from jim morisson since the new fictitious character dog price poped up ?they are the same, milliondollar pips forexgrothbot .....etc

btw for those who did not know who jim morisson is ,just do a google serach,he thinks that all people on forex forum are stupid and he is right sometime

they share profit with synegex scam broker, easy to get the big picture ain't it

don't buy those products

@rob559 it should be William Morrison ,not Jim and yes from USA.
'FX Phantom Forex Signals By William Morrison'

'Forex Replicator - William Morrison Review'

oh yesssss

Nov 27 2015 at 09:33
34 posts
so this is a willing to try live with fxpro live acc and link to myfxbook

Nov 27 2015 at 12:27
88 posts
fx441282 posted:
so this is a scam. im willing to try live with fxpro live acc and link to myfxbook

I never said it was a scam.

Just has not shown, long term, that a proven past DD of around 46.65% versus a long term monthly growth of 4.9%, with a 12% risk per trade is not what I would consider to be good stats.

You do understand it is a Trade Copier, from a master account on another broker with different spreads than your broker, and that your slave account will probably suffer increased slippage (different open and close prices from the master account) because of delays in the trade copier opening and closing trades?

Nov 28 2015 at 04:00
2 posts
So Fx Phil, this EA trades via his master account? You say there would be a delay, but trades taken would be instantaneous, or micro seconds, not minutes, and seeing as most trades ( 60%) are from 5 min to about 3.5hrs, that delay would be insignificant? The real my FX book live account still proves it works? Please explain, cheers

Nov 28 2015 at 04:03
2 posts
Not sure on this one. It has a 9.25% drawdown, but showing no losses? Can someone explain?

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