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eminiviper.com


I started this topic because some questions I asked and answers I got from cba33558 were getting lost in this rather extensive topic here:

http://www.mypivots.com/forum/topic.asp?TOPIC_ID=2300&whichpage=30

We started this discussion on page 30 of that thread, and I thought I'd move it here so we can continue it (since no one took me up on my offer to start this thread). I'll cut and paste the three posts made after cba33558 posted a chart about eminiviper.com

From 6/8/09:

jimkane: Hey, cba. I checked out that EminiViper.com page. Very impressive. Seems like they don't have any losing days, or even losing trades (or do they not post those?). Is that so? If not, how many stop outs or false signals are you seeing on an average day? It doesn't mean much to me to see winners, I am more interested in the losers I have to take to get those winners. Also, are you the owner of EminiViper.com, or do you work for them? If not, what is your association? If I don't ask, that will likely be the first question from everyone else. Thanks.


cba33558: Hey Jim -

Thanks for visiting the Web site and offering your constructive questions and feedback...

The videos are intended to show the NQ Emini trades that are triggered by the system each day. Currently the system is designed to issue trade signals only the Nasdaq Emini. In addition to the Viper indicator, the system uses a combination of guidance charts and a trading chart that very rarely has a losing trade. With all of these constraints, it should be noted however, that there are not many signals that trigger in any given trading day. Depending on the volatility - usually one or two trades may trigger - a busy day would be 3 trades.

The entire trading system is not shown in the videos; however, all of the details regarding these trade signals are shown in an eBook and training videos. The actual trade signals themselves are analyzed in real-time in the live Webinars. The entire goal of this system was accuracy - not catching every trade.

In answer to your other question, I have been a trader for a little over 12 years now, I am a partner in the firm; and was involved extensively in developing, actively trading and back-testing the Viper system over the past year and a half.

Once again, thank you for your input, and I look forward to opportunity of respectfully participating in your Forum...


jimkane: Thanks for the response, cba. Wow, those are some incredibly impressive stats. Given these are intraday trend trades, it's almost incomprehensible to me. My style is intraday trend trading, and with the 3 to 5 to 1 or sometimes higher reward/risk profiles I'm happy anywhere in the 30% to 50% winners range.

I have a few more questions. Is there a way to follow along and see live trade signals the moment they develop, on a trial basis? The web site mentions visiting a live webinar for a day. Would one see live signals in time to act, or only after they have started? What if no signals are generated that day, can someone try another day? It's very hard to evaluate a system with a one-day trial, especially one that generates only a few signals.

Next, what is the difference between live webinars and live trading room, as far as signals given in real-time? Also, if one signs on to your room and gets all that training, does that do any good without the software? What is the cost of the license, since the website doesn't specify this? I'd love to follow along real-time for a period and evaluate your system, but I'm not sure you have any provisions where I could do that without laying out money first. Again, if I don't ask all these questions, someone else will. Since I'm probably the longest-winded character at this forum, I figured I'd just get the ball rolling. It's not often I hear about a system that has almost no losers at all.

Lastly, if we go much further with this discussion it may be appropriate to move it from this thread to one you or someone else could create in Trading Advisory Services.
i am 'a' italian ameri can do


roflmfao
Gentlemen

I think these guys must show all the chart results concerning a day not only the time frame where the target are hitted .

It is very easy to show only the sugar side of the charting ....

If the targets are reached why not showing all the day long...?

Some ideas could be taken into consideration but carefully .

I repeat if the game is correct why not ?

regards
King, I belive its 5000 contracts at any one time not 500. But someone correct me if Im wrong.
quote:
Originally posted by kingkong

"
I have spent about a day in converting the viper indicator into an automated strategy ...... I can tell you that the false breakout signals will blow your account in no time. Yes it has the ability to catch a big move but the false breakout signals that are generated by the indicator will blow your account. Expectancy is negative.

For the avoidance of doubts, my strategy uses multiple timeframes.
"




hello kingkong



a few questions regarding the strategy you tested:

1) how do you define your entry signal?

2) how do you filter your signals?

3) what is the exit strategy?

4) what is your initial stop?

5) which contracts did you test on NQ, euro ? (forget ES... it is not trending)

cheers



I have started a new thread

http://www.mypivots.com/forum/topic.asp?TOPIC_ID=4875

so that those interested in developing a range bar strategy can exchange information and ideas

cheers.

quote:
Originally posted by unicorn

quote:
Originally posted by kingkong

"
I have spent about a day in converting the viper indicator into an automated strategy ...... I can tell you that the false breakout signals will blow your account in no time. Yes it has the ability to catch a big move but the false breakout signals that are generated by the indicator will blow your account. Expectancy is negative.

For the avoidance of doubts, my strategy uses multiple timeframes.
"




hello kingkong



a few questions regarding the strategy you tested:

1) how do you define your entry signal?

2) how do you filter your signals?

3) what is the exit strategy?

4) what is your initial stop?

5) which contracts did you test on NQ, euro ? (forget ES... it is not trending)

cheers




I've never tested my strategy using real money. I merely backtested and forward tested it.

1. as suggested by the viper developer. i.e. break recent swing
2. Use a larger time frame e.g. 7 range bar
3. close below/above viper
4. initial stop=your range bar + 1 or 2 ticks e.g. if you use 4 range, use 5 or 6 ticks
5. just ES, never tested it on any other instruments, i dont trade anything else.
quote:
Originally posted by unicorn
(forget ES... it is not trending)



I know, thats why i am taking time off, its summer,one should at least lower your contract size for Sept contract, I will resume by the end of Sept!
Anybody see the results for their trading contest? I have a feeling it didn't turn out to well, if it had they would've been hypeing it to no end. Checking on their forum it appears that only one or two of the "hundreds" of followers even bothered to post. Just one more example of their unproveable claims???
Hi Friends,

after giving a look to the trial of EminiAutoESBeta Viper's strategy and getting familiar with it, herewith I post the result for today September 4th,2009. Please consider that the three positions to open at every trade are: 3 contracts for position 1 - 2 contract for pos. 2 and 1 contract for pos. 3

You'll find also the strategy settings in one of the attached images .

Please consider this results obtained in SIM mode on NINJA TRADER platform, one of the best available on the world market.

To be extremely clear I am a trader without any particular connection with the People of Viper, I just lease from one month the Viper's indicator Tool

So no special friendship o whatever reason to talk in their favour, I am just showing the today trading activity on the ES in a Job Claim day and after that a little trendy atmosphere .

Happy to hear from You ALL ideas, suggestions, all constructive comment, please ..

Best regards
Alinghy




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So now we have a Viper auto-trade beta tester posting. Let's hope he posts every day and doesn't cherry pick.

I notice the intial stop is 3 points for all 3 contracts and the first target for 1 contract is 2 points. Second contract target is 3 points and last one is 5 points. After the first target is hit the stop moves to entry + 1 tick and then trails by 2.5 points. This is a very different and much more aggressive trade management system that is taught with the "manual" Viper, which stressed moving your stop to entry immediately after first target.

Sorry this reply is 2-years late but I just joined the forum.

I know from personal experience that GoToMeeting and GoToWebinar default to showing all users and all comments unless specifically disabled by the Host.

If they're saying what was reported that's a blatant lie.