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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 ?
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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