Quote:
Originally Posted by bayon  hello Rick
how many years have you had MD working for you..???
is channel scalper more aggressive and do more trades..???
I ám a new comer but I can see you contribute a lot to the community...
regards |
Welcome new comer,
I have been running MegaDroid on a live account for over 16 months now and it has done well.
The Channel Scalper trades about the same frequency as MegaDroid except that it usually opens three trades at a time so when you average it out, The Channel Scalper trades an average of almost once a day.
The main issue with all scalpers is that the more aggressive they trade, the higher frequency of losses and with the risk:reward ratio out of whack (like 10 or more to 1) there is a much greater chance of multiple losses in a row.
Forex Photon is the closest in regards to trading frequently. It's win percent is only about 69% but it's risk:reward is about 53.2:40 (maximum) or 7.3:6.65 (typical) which explains why it can still make a lot of profit as a scalper with only a 69% win rate.
Rick