Setting the expectations for Brutal Scalps, and any of our products for that matter is extremely important to us. During our 5 years in trading cryptocurrency and 15 years of trading the stocks markets we have seen a lot of types of traders. And to our initial surprise most crypto traders want to get outrageous profits with very little effort. While this is the human nature(low effort high result) we need to set your expectations straight. Getting extreme results in a short period of time brings in the question of risk, with high risk we go more on the gambling side than that of the trading.
Our indicator is a tool that is providing continous information about the market it is configured on and provides easy to access , high quality information that the trader will act upon. In other words, we give you the hammer, the way you use it is up to you .
Now, in order to not leave you with a vague response , we can say that we duplicated our indicator as a strategy and we implemented it in python and ran numerous backtests on cryptocurrency pairs, forex, gold, indices and stocks and these are our results with the default settings , tested over 1000 passes:
– Crypto precision top 10 average: 72% trades hit TP1 , 62% hit TP2, 52% hit TP3, 28% hit Stop loss. Test averaged with results on timeframes 5m-1h
– Forex majors average: 63% trades hit TP1 , 61% hit TP2, 42% hit TP3, 37% hit Stop loss. Test averaged with results on timeframes 5m-1h
– Gold, indices and stocks: 61% trades hit TP1 , 56% hit TP2, 51% hit TP3, 39% hit Stop loss. Test averaged with results on timeframes 15m-1h