Scalp Trading Challenge

Sam Mcgee · Apr 27, 2004

Quote from Mecro:

Wow it's that easy? Hey everyone, let's go make millions.

Come on guys, if the method was that successful and tradeable, Kevin Ho would not be sharing or selling it. I'm not saying the basic method is a crock of shit, but at the very least, there are some innate characteristics that the trader has to develop.

Also, the trades shown are over 6 months ago. Different market now.

The market may be different now, but I used the identical tic data from the same days 6 months ago and could not get the method to work as he claims.

Sam Mcgee · Apr 27, 2004

Quote from misctrader:

Sam,

I'm new to AT. I just dl it and dl Ensign playback files. Am I correct to ASSUME that I need Ensign to see the charts again? I thought I read somewhere on AT homepage that one could feed it to Medved QT charts to see the playback files as charts?

You don't need Ensign to see the charts but Ensign does have a one week free trial. Autotrader is made to work best with Sierrachart: http://www.sierrachart.com/.

I think Sierrachart's free demo will work with Autotrader. Autotrader will playback Ensign files or a number of different tick files to Sierrachart.

Nana Trader · Apr 27, 2004

Quote from Sam Mcgee:

For his first trading method he claims 9 out of 9 successful trades from August 29 to August 8. If I was to follow his rules as stated I found that not even half of them were successful.

Are you saying there were 9 trades from August 29 to Sept 8th?

-why the method has produced not many trades considing entry
2 ticks above high of previous 15 min?Averaging 1 trade per day?

-why stop loss shouldn't be below the low of the current 15 min bar?

-Risk and reward is 1:1, is this a good Idea, considering price
has to move above or below previous 15 min bar by to ticks to
enter then? I mean some move in our direction occured already,
so might be little lat to the move? why not enter on opening of
next 15min bar?

Am i confused?

Sam Mcgee · Apr 27, 2004

Quote from Nana Trader:

Are you saying there were 9 trades from August 29 to Sept 8th?
why the method has produced not many trades considing entry
2 ticks above high of previous 15 min?Averaging 1 trade per day?
why stop loss shouldn't be below the low of the current 15 min bar?

Am i confused?

I meant to write July 29 to August 8 2003.

misctrader · Apr 27, 2004

Quote from Sam Mcgee:

Kevin claims a very high success rate for executions of his trading methods. The article shows a chart of ES futures from about August 29, 2003 to August 8, 2003. I set up Autotrader to replay these days with Ensign playback files. Autotrader is available here for a free demo:
http://autotrader1.home.comcast.net/
and you can get Ensign playback files here:
http://charts.dacharts.com/Playback_Files.htm

sam,

I'm trying to replicate what you are saying.

1) DL & installed AT
2) DL the ensign playback files from the link provided
3) DL and installed SierracCharts
4) File -> Connect -> Ensign Playback File
5) Then it askes me to select something from Sierra Chart?? But that directory is empty!

What do i need to set up on SC side and on the AT side to see the charts playback fromt eh ensign data file you listed...

this is confusing...

Sam Mcgee · Apr 27, 2004

Quote from misctrader:

sam,

I'm trying to replicate what you are saying.

1) DL & installed AT
2) DL the ensign playback files from the link provided
3) DL and installed SierracCharts
4) File -> Connect -> Ensign Playback File
5) Then it askes me to select something from Sierra Chart?? But that directory is empty!

I'm at work right now so I don't have access to all the programs. On your step 5 you have to select from the directory where you downloaded the Ensign Playback file. There is some good support at this site for Autotrader playback:
http://www.e-minitraders.com/phpBB/viewforum.php?f=25

dgabriel · Apr 28, 2004

Quote from Sam Mcgee:

I tried a couple of his other methods and found the same thing, only about half of the trades using his methods were successful, nowhere near what Kevin was claiming.

I don't know about Kevin, but in my experience, I never met a ho that didn't make false claims.

harrytrader · Apr 28, 2004

His question is much more modest : does it only work on the precise periods he claims for.

Quote from Mecro:

Wow it's that easy? Hey everyone, let's go make millions.

Come on guys, if the method was that successful and tradeable, Kevin Ho would not be sharing or selling it. I'm not saying the basic method is a crock of shit, but at the very least, there are some innate characteristics that the trader has to develop.

Also, the trades shown are over 6 months ago. Different market now.

fan27 · Apr 28, 2004

This system could have potential if only used to trade economic releases (ie. 10:00 am reports with a 30 min opening range).

I am sure there are other ways to tweak it to generate a profit.

fan27

50 cent · Apr 29, 2004

Quote from dgabriel:

I don't know about Kevin, but in my experience, I never met a ho that didn't make false claims.

... yeah, them bitches and hoes are trouble. That's why I switched from pimpin to dealin....

Anyway I tried that 15min scalp method (ON PAPER ONLY, I don't trust freakin dreamsellers and advice vendors), and it's crap. Fails more often than not.

However if anyone codes strategies on TS, it's easy to back test it accurately. If you do, please post the results (with explanations. I don't have enough brain to understand these coded strategies).

Good day!
50