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Viper has released their official guidance on how to best set parameters to trade ScalperAT. In fairness to Viper, I will post back test results using NT 6.5 and the suggested recommendations as sent to Viper AT subscribers. I will simply present the data and withhold my opinion or recommendation.
Pictured below are the performance data, equity curve, and parameters for ViperScalperFuturesFGBL (EUREX, Euro Bund Future) trading one contract with a 4 Range chart. Trading started at 3:00AM PST and ended 11:00 AM PST. With a profit target of 10 ticks and a stop loss of 12 ticks, Viper suggested a daily "net win" of one trade and a maximum daily loss of e$240. If either of those situations occur, the system would stop trading for the session.
For the period starting 11/21/09 and ending 2/19/10, the system generated 68 trades resulting in a profit of e$90 before commmission and susbcriber fees. Proforma commission expense of 4.00 per trade was $272, and subscriber fees were $897, for a total expense of $1169.
Result: this system LOST $1047 after commission, subscriber fees and conversion of e$90 to US$.
Can you help answer these questions from other members on NexusFi?
I am new here and still learning the proper protocol, but I gotta ask; If you wrote a strategy that when actually traded was consistently profitable , why would you sell it or rent it at any price?
If their systems are profitable, why don't they agree to take their payments as a percentage of the winning trades?
I'm not trying to be a Debbie Downer and I hope I haven't offended anyone, but I have always wondered about this when I see people hawking their trading systems.
If I ever write a system that makes money trading futures all day while I lay out by the pool , not only will I not sell it, I will have armed guards on the source code.
I'm just a simple man trading a simple plan.
My daddy always said, "Every day above ground is a good day!"
Viper has released their official guidance on how to best set parameters to trade ScalperAT. In fairness to Viper, I will post back test results using NT 6.5 and the suggested recommendations as sent to Viper AT subscribers. I will simply present the data and withhold my opinion or recommendation.
Pictured below are the performance data, equity curve, and parameters for ViperScalperFuturesNQ (GLOBEX, E-mini NASDAQ-100 Futures) trading one contract with a 4 Range chart. Trading started at 7:00AM PST and ended 12:40 AM PST. With a profit target of 10 ticks and a stop loss of 12 ticks, Viper suggested a daily "net win" of one trade and a maximum daily loss of $120. If either of those situations occur, the system would stop trading for the session.
For the period starting 11/21/09 and ending 2/19/10, the system generated 107 trades resulting in a loss of $360 before commmission and susbcriber fees. Proforma commission expense of 4.00 per trade was $428, and subscriber fees were $897, for a total expense of $1325.
Result: this system LOST $1685 after commission and subscriber fees.
Viper has released their official guidance on how to best set parameters to trade ScalperAT. In fairness to Viper, I will post back test results using NT 6.5 and the suggested recommendations as sent to Viper AT subscribers. I will simply present the data and withhold my opinion or recommendation.
Pictured below are the performance data, equity curve, and parameters for ViperScalperFuturesZW (GLOBEX Wheat Futures) trading one contract with a 2 Range chart. Trading started at 7:30 AM PST and ended 11:00 AM PST. With a profit target of 10 ticks and a stop loss of 12 ticks, Viper suggested a daily "net win" of one trade and a maximum daily loss of $300. If either of those situations occur, the system would stop trading for the session.
For the period starting 11/21/09 and ending 2/19/10, the system generated 125 trades resulting in a win of $575.50 before commmission and susbcriber fees. Proforma commission expense of 4.00 per trade was $500, and subscriber fees were $897, for a total expense of $1397.
Result: this system LOST $859.50 after commission and subscriber fees.
Viper has released their official guidance on how to best set parameters to trade ScalperAT. In fairness to Viper, I will post back test results using NT 6.5 and the suggested recommendations as sent to Viper AT subscribers. I will simply present the data and withhold my opinion or recommendation.
Pictured below are the performance data, equity curve, and parameters for ViperScalperFuturesZS (GLOBEX Soybean Futures) trading one contract with a 2 Range chart. Trading started at 7:30 AM PST and ended 11:00 AM PST. With a profit target of 10 ticks and a stop loss of 12 ticks, Viper suggested a daily "net win" of two trades and a maximum daily loss of $450. If either of those situations occur, the system would stop trading for the session.
For the period starting 11/21/09 and ending 2/19/10, the system generated 244 trades resulting in a loss of $2062.50 before commmission and susbcriber fees. Proforma commission expense of 4.00 per trade was $976, and subscriber fees were $897, for a total expense of $1873.
Result: this system LOST $3935.50 after commission and subscriber fees.
Viper has released their official guidance on how to best set parameters to trade ScalperAT. In fairness to Viper, I will post back test results using NT 6.5 and the suggested recommendations as sent to Viper AT subscribers. I will simply present the data and withhold my opinion or recommendation.
Pictured below are the performance data, equity curve, and parameters for ViperScalperFuturesFESX (EUREX, DJ EURO STOXX 50) trading one contract with a 2 Range chart. Trading started at 2:00 AM PST and ended 11:00 AM PST. With a profit target of 6 ticks and a stop loss of 9 ticks, Viper suggested a daily "net win" of three trades and a maximum daily loss of e$360. If either of those situations occur, the system would stop trading for the session.
For the period starting 11/21/09 and ending 2/19/10, the system generated 275 trades resulting in a loss of e$1780 before commmission and susbcriber fees. Proforma commission expense of 4.00 per trade was $1100, and subscriber fees were $897, for a total expense of $1997.
Result: this system LOST $4407 after commission, subscriber fees and conversion of e$1780 to US$.
In the sense of fair and balanced, I am not sure what is going on in this thread is all that ethical either.
If you are truly trying to warn people about the dangers of AT's then there are a lot of them out there. Why not review all the one's on Ninja's site. Why just Viper. It's almost like you have some kind of personal agenda, which calls into question your objectivity.
Also from the timing of release of their recommendations, you either are on the inside, have a contact on the inside or have some way of getting info almost immediately. Not the highest standards of eithical conduct in my opinion.
Pete
PS No I don't use the autotraders, cause I don't like them myself.
