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Power of Two System

  • #821
  • Nov 23, 2023 11:42am Nov 23, 2023 11:42am
Quoting goldmank
{quote} Hi Scott, I followed the videos and backtested the strategy for a long time, I do see the value in it and really want this to work for me but there is something that I'm missing: The backtests/videos don't include trading commission, with a few brokers that I tried the minimum commission per lot per side is 3$. When I come and test the strategy the SL is not fixed so to use 1% of the account I'm required to use different lot values that increase the total commission ending up in not 3:1 ratio but much lower and with the win rate of the strategy...
notice how he forgot to reply to this.

When you add in the commission of all the bad trades you don't stand a chance. I am an ex user of the strategy and it blew my funded account.

There are users on there right now completely doubting the strategy and people being in prop firm challenge for over 6 months not even passing phase 1 and in massive DD.

All scott is doing is making money off youtube and the subs to his discord.

If you ask him why you didn't take a losing trade to an advertised "mechanical trading system" he'll tell you 101 reasons why he didn't take it. But he'll jump on all the winning trades and contradict himself all the time.

Just be careful ok
  • #822
  • Nov 23, 2023 3:34pm Nov 23, 2023 3:34pm
Quoting Paulscaff1
{quote} I know Garland Trader on youtube caught this trade aswell and took the loss, hes just started live forward testing, can follow along on Telegram.
Garland is not the best example to follow out there. He manipulates his videos and cherry-picks his examples. In one of his early videos he actually left a portion where he leaves a note that the said portion must be deleted.
  • #823
  • Nov 23, 2023 3:39pm Nov 23, 2023 3:39pm
Quoting hamletpro
H4: FT Momentum: bullish M15: sweep a fractals and price in discount But..unlucky... who can give me an advice {image} {image}
You asked for an advice, I have one for you. Keep an eye on the Red Folder news.
See that consumer Sentiment released only 1 candle after your entry?!
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  • #824
  • Nov 23, 2023 3:44pm Nov 23, 2023 3:44pm
Quoting truthandfact
{quote} notice how he forgot to reply to this. When you add in the commission of all the bad trades you don't stand a chance. I am an ex user of the strategy and it blew my funded account. There are users on there right now completely doubting the strategy and people being in prop firm challenge for over 6 months not even passing phase 1 and in massive DD. All scott is doing is making money off youtube and the subs to his discord. If you ask him why you didn't take a losing trade to an advertised "mechanical trading system" he'll tell you 101 reasons...
I still think this user is not actually Scott.
  • #825
  • Edited 5:50pm Nov 23, 2023 5:38pm | Edited 5:50pm
Quoting klavi6a
{quote} You asked for an advice, I have one for you. Keep an eye on the Red Folder news. See that consumer Sentiment released only 1 candle after your entry?! {image}
That was the exact reason why I did not take this setup.
  • #826
  • Nov 23, 2023 6:58pm Nov 23, 2023 6:58pm
Quoting nitethinker
{quote} That was the exact reason why I did not take this setup.
And as the history teaches up - a wise choice .
  • #827
  • Nov 23, 2023 9:45pm Nov 23, 2023 9:45pm
Quoting Biniu
{quote} I'm wondering why he used different KZ time in london sessio. Seems like he delayed it by 1 hr
Probably because he is using ICTs KZs. If my memory serves me right, ICTs LDN was something like 1-4 then Silver Bullet from 6 -7 and NY from 7 - 10. (those are NY time zone)
  • #828
  • Nov 24, 2023 12:58am Nov 24, 2023 12:58am
Quoting klavi6a
{quote} Garland is not the best example to follow out there. He manipulates his videos and cherry-picks his examples. In one of his early videos he actually left a portion where he leaves a note that the said portion must be deleted.
I dont doubt you mate, I think they are pretty much all the same.
  • #829
  • Nov 24, 2023 2:14am Nov 24, 2023 2:14am
nice
The only prayer you need is Thankyou
  • #830
  • Nov 24, 2023 3:54am Nov 24, 2023 3:54am
Hi guys, anyone in this GU NFT sell ?
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  • #831
  • Nov 24, 2023 5:40am Nov 24, 2023 5:40am
Quoting dakkid
Hi guys, anyone in this GU NFT sell ? {image}
the same. But the price seem to go up
  • #832
  • Nov 24, 2023 10:12am Nov 24, 2023 10:12am
Quoting dakkid
Hi guys, anyone in this GU NFT sell ? {image}
I was not. NFT to downside and then NFT to upside. TO me price was looking for a direction. There were FVGs above it and below it. I was waiting for another NFT to upside to take short position. Clearly we did not get it. Instead, we got UNC.
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  • #833
  • Nov 24, 2023 10:44am Nov 24, 2023 10:44am
Quoting klavi6a
{quote} I was not. NFT to downside and then NFT to upside. TO me price was looking for a direction. There were FVGs above it and below it. I was waiting for another NFT to upside to take short position. Clearly we did not get it. Instead, we got UNC. {image}
Well, at the time of my post there was a valid NFT to the upside and a 15min internal fractal sweep to trigger the short position ... It was before the actual UNC ...
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  • #834
  • Nov 24, 2023 10:58am Nov 24, 2023 10:58am
Quoting klavi6a
{quote} I still think this user is not actually Scott.
I believe it is.

And that is the exact reason he decided not to reply.

Just to remind you.

"All scott is doing is making money off youtube and the subs to his discord."

If it was not the real Scott they might challenge that.

If it is the real Scott, he does not know how to reply.
  • #835
  • Nov 24, 2023 11:09am Nov 24, 2023 11:09am
Quoting dakkid
{quote} Well, at the time of my post there was a valid NFT to the upside and a 15min internal fractal sweep to trigger the short position ... It was before the actual UNC ... {image}
Also at the time of your posting there was a NFT to downside followed by a NFT to upside - a clear sign of indecision.
Next time you ask "Hi guys, anyone in this GU NFT sell?" I'll simply reply with a No. Or not reply at all if that'd make you happy. I am all about making people happy and for that reason I thought I'd share my thought process. Either way, I hope you did not take that short position.
  • #836
  • Nov 24, 2023 11:14am Nov 24, 2023 11:14am
Quoting truthandfact
{quote} I believe it is. And that is the exact reason he decided not to reply. Just to remind you. "All scott is doing is making money off youtube and the subs to his discord." If it was not the real Scott they might challenge that. If it is the real Scott, he does not know how to reply.
I just find it weird that one would be trading for at least five years and never open an account with FF. And then, all of a sudden open one only a month ago.
But you could be right even after the fact that his strategy was publicly available and he.
Also, I am sure that he knows how to reply because once I decide to experiment with my KZ times (like every normal person would do and not jsut blindly trust a random trader on YT) he slapped me on the wrist right away pointing my times are wrong under one of my posts here.
So, yes, you might be right.
  • #837
  • Nov 24, 2023 1:41pm Nov 24, 2023 1:41pm
Quoting klavi6a
{quote} Also at the time of your posting there was a NFT to downside followed by a NFT to upside - a clear sign of indecision. Next time you ask "Hi guys, anyone in this GU NFT sell?" I'll simply reply with a No. Or not reply at all if that'd make you happy. I am all about making people happy and for that reason I thought I'd share my thought process. Either way, I hope you did not take that short position.
Chill mate, it's not about being happy or not, it's about exchanging ideas... I'm in a learning phase... So from what I see, the NFT to the downside has already been played out, hence pushing the price up to the 4hr upper range, creating the NFT to the upside (which is fresh as of the time of posting)... But I'll take your thoughts into consideration next time And too bad I took the trade but it's part of the learning phase ...
  • #838
  • Nov 25, 2023 7:15am Nov 25, 2023 7:15am
Quoting truthandfact
{quote} notice how he forgot to reply to this. When you add in the commission of all the bad trades you don't stand a chance. I am an ex user of the strategy and it blew my funded account. There are users on there right now completely doubting the strategy and people being in prop firm challenge for over 6 months not even passing phase 1 and in massive DD. All scott is doing is making money off youtube and the subs to his discord. If you ask him why you didn't take a losing trade to an advertised "mechanical trading system" he'll tell you 101 reasons...
I backtested it manually and also create a Python script so I can try different intervals or enter time, which I tested over and over, once you add the commissions it doesn't work :-/
I really thought this one could work
  • #839
  • Nov 25, 2023 3:17pm Nov 25, 2023 3:17pm
Quoting goldmank
{quote} I backtested it manually and also create a Python script so I can try different intervals or enter time, which I tested over and over, once you add the commissions it doesn't work :-/ I really thought this one could work
Did you try to adjust the profit to 3 - spread? In other words like 1:2.5 or the standard scalping 1:2?
  • #840
  • Nov 27, 2023 2:55am Nov 27, 2023 2:55am
Quoting hamletpro
H4: FT Momentum: bullish M15: sweep a fractals and price in discount But..unlucky... who can give me an advice {image} {image}
This was technically a valid trade. I didn't take it myself and posted to the Evolution Community trading into the opposing direction on an impulsive news induced move like that tis higher risk from experience.

I was waiting for another fractal low sweep before buying which we got but the candle ended up too large and killzone ended
Scott Taylor
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