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Old 04-14-2008, 02:31 AM
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FseXy FseXy is offline
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Join Date: Aug 2007
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Hi ES and thanks for the fast response to my message above. I don't know how long either - as you say if not profitable then it is only so long you can afford to throw away the money, what about the others that trade with you, I am not being nosey but I read a post that Wifey trades too so it may mean.....something better.

I am a little late (still in development of several EA's) to enter this challenge now but in all honesty I wouldn't want to waste anyone's time or money unless I was certain I had an automated trade strategy that stood a chance.

About you wanting a reliable scalp trading bot. There are some available - commercially with limited success I say that because of the risk - DD is like up to 48% trading high volume in a short period of time so IMO it is risk that makes the money and not exactly a perfect strategy because it lacks a filter for when NOT to trade which is vital I think. Like you say - there are times to trade and not to trade when scalp trading and also the perfect conditions for scalp setups to entertain opening an order. I am not a pro scalp trader by any means - I think this applies to trading in general - over trading will always kill any account - until we invent the holy grail. If risk management features are part of an EA I see no reason why we can't have lower DD than what automated bots usually result with such as 30% being high performance? I could be wrong, I haven't really forward tested every EA out there. With that said though an even worse ingredient in automated trading is inconsistency through long or short time periods - that cannot weather all market conditions.

If you want the name and sites or two scalp EA's I can email you the info. It isn't related to the thread and really they are like two separate ones, in that I mean one has strategy and high risk high gain and losses the other has low gain high risk because it has no strategy but you can set the times to trade and not trade but only based on time zone setting - not really measuring the market conditions at all. A problem I would have thought. What are the essential basics or methods for scalp trading? I mean if we asked on here we would get a different answer from 50 different traders. That seems like an inconsistent problem to me. I need to cut this post here now. Will follow updates.

Last edited by FseXy; 04-14-2008 at 02:36 AM.