System: Tim LuCarelli – Scalping 3
Description: Trading style is high frequency scalping based on long term technical and fundamental analysis. Scalping trades are automatically made on the 1 minute chart using several indicators. The program turns itself on and off depending on risk profiles created in the 30 and 60 minute time frames. Money management for the system is based on the total account size and market volatilities that are calculated outside the program.
Type of Trading: Real
Started: Oct 24, 2014
Tracking: 2 users
Currency Pairs: AUDUSD, EURUSD, USDCAD, USDCHF, USDJPY
Essentials: The Tim LuCarelli – Scalping 3 system has made 3190 trades with an average winning trade of 9.85 pips / , the average losing trade around -266.33 pips / and an average trade length of 1d.
The best trade it ever had was (Sep 17) 371.7 in pips and the worst trade was (Aug 12) -637.1 in pips.
It has won (2032/2050) 99% of its attempted buys and (1118/1140) 98% of its attempted sells.
Pros & Cons
- Drawdown has been kept under 30% which is good.
- Average win under 10 pips so its most likely a scalper that will be very broker sensitive.
- Uses a potentially huge and dangerous stop loss.
- Bad risk:reward ratio. Stop loss is more than 2x the take profit.