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Thread: Forex Super Scalper EA

  1. #1

    Default Forex Super Scalper EA

    Has anyone tried this EA yet:
    Forex Super Scalper EA

    If I'm reading that page correctly, there is a live person making manual trades which triggers your SSudt EA to make the exact same trades. It sounds interesting at the very least.

  2. #2
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    you install an EA which copies trades from his to your account. However, the trades on my demo account wiped out a 1000 $ account in a few days

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    Default My name is LC

    My name is LC and I have been trading Forex for over seven years full-time. I have been using my trading strategy successfully for the last 5 1/2 to six years. I have mentored hundreds of students and taught them valuable trading techniques and insight to the Forex markets for over two years.

    I have learned a few things about new trader attitudes and psychology. It is a very different point of view than that of an experienced Forex trader who has found a way to successfully profit from trading.
    Trading as you may have heard is unlike anything else youíve ever done before. I have seen many new traders or novice traders try a new trading system and immediately discard it if it does not perform as quick as they hope it will.

    There are a couple of things to keep in mind when trying a new system, the first is allowing sufficient time to analyze the trading system for its profitability. Keeping in mind that markets move in different cycles for different reasons and it is possible you may enter the market during a very unstable time which will skew the results if you do not allow sufficient time for analysis of the system.

    another thing to remember is that you must try to understand the trading system behind each trade that is generated. And also understand that the way you look at the market is very different from the way another trader will look at it. There are simply too many different trading systems and methods and you must try to understand the method as best you can.

    in my videos and manuals I always recommend never using more than two or 3% of your account balance on any given trade. Before anyone considers using or testing a new trading system, or service they must use it on a demo account which is exactly what I recommend to all of my subscribers. In fact after my subscribers have made their purchase to my super scalper EA program, I allow them days, if not weeks to test it on a demo account until they are comfortable with the way my super scalper operates. I never recommend attaching any EA to a live trading account, why would anyone do that?


    To answer the individual who posted last, if you need some assistance with money management I would be happy to post some comments and ideas here. From the time you subscribed, you received eight trades. Out of those eight trades six failed and two were winning trades. This of course was during the last two weeks of June which was a challenging time for most traders and trading systems. When markets move inside of consolidation it makes it extremely difficult for almost any trading system to operate correctly and if you are using an EA that automatically generates trades regardless of whether or not there is a trend in place, this is where most EAís fail and tend to give back profits.

    The advantage to using my super scalper EA is that I am personally generating the signals. Each signal that goes through the super scalper has been analyzed by me personally. These are also the same trades I take in my live account.

    It is unfortunate with the timing of your purchase as you started to apply my EA program during the last two weeks of consolidation however the first two weeks of the month were very profitable. We closed the month with a net of 303 pips for June.

    Iím extremely concerned that you have wiped out a $1000 account regardless of whether or not it was a demo. If your demo account was wiped out with only 8 trades, you should seriously studying money-management strategies that are available online until you find something that you are comfortable with, however using a mini account that nets at least one dollar per Pip, you would only be negative $100, this is far from wiping out a $1000 account so I am not sure why you have such different results than what the SuperScalper EA program delivered.

    Again, as I mentioned I would be happy to either post some comments about money management or work with you through e-mail and forward you my trading manual which covers this topic of money management and risk.

    L.C.

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    L.C.
    I am completely aware about money management. However I traded 0.1 lots which is the bare minimum to trade on that account. The ratio between average loss and average win was quite big ( I cannot reproduce it as it was last month) but it was approx. factor 5-10. So money management to my knoweldge includes information about average TP to SL rations, win:loss ratios etc. to calculate the optimum lot size. So this information should be given as well to subscribers of your service.

    I do not want to blame you, as everybody can have bad trades, I just answered to the post by sumnone.
    Rolf

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    Quote Originally Posted by Rolf View Post
    L.C.
    I am completely aware about money management. However I traded 0.1 lots which is the bare minimum to trade on that account. The ratio between average loss and average win was quite big ( I cannot reproduce it as it was last month) but it was approx. factor 5-10. So money management to my knoweldge includes information about average TP to SL rations, win:loss ratios etc. to calculate the optimum lot size. So this information should be given as well to subscribers of your service.

    I do not want to blame you, as everybody can have bad trades, I just answered to the post by sumnone.
    Rolf

    Sorry Rolf, but you cannot wipe out a $1000 account if you trade 0.1 lots. Then anything is false. I also have had the loosing trades on my live account (trading 0.2 lots), but i lost only round about 25-40$ per Trade. with 6 negative trades that would be round about $240. With 0.1 lots it should only be round about $120.

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    Quote Originally Posted by pavement View Post
    Sorry Rolf, but you cannot wipe out a $1000 account if you trade 0.1 lots. Then anything is false. I also have had the loosing trades on my live account (trading 0.2 lots), but i lost only round about 25-40$ per Trade. with 6 negative trades that would be round about $240. With 0.1 lots it should only be round about $120.
    maybe the lot was too big indeed as it was a new broker. The main problem was not the account has gone, it was a demo account to test. The problem to me was that the losses were approx 10 times bigger than the wins, but the win to loss ratio was below 90%. So this probably will not increase the account neither way. I agree, this was 2 weeks only, maybe the things will change. I am aware that June/July was a hard time for scalpers, but so far, all scalping EAs I have seen (or manual systems) failed during times of uncertainity, and for 100% these times will come again in the future.

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