Less complicated way to trade

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1: Trading with Scalpmaster require running weekly optimization in NT8 using previous week's date from Sunday to Saturday to get the settings needed for the current week.

2: Money management is a big factor in trading so you need to determine how much you are willing to risk per each trade entry and total maximum risk per day.
Example: We trade NQ, YM and RTY and we use 1:1 factor, meaning we use the same tick count for both profit target and stop loss. Using NQ as example, 60 ticks = $300 which is the amount we are willing to risk per trade and also make per trade. For the day, we are willing to risk $1000 and also aiming for $1000 profit which put us at 4 trade loss or 4 wins before the system automatically stop taking trades for the day.

3: After defining your money management, you proceed to running the optimization on the "Strength setting" and "Dataseries." the strength setting should use the range from 1 to 2 with 0.1 increment while the data series should use 10 to 40 "range chart" only with 10 increment.

4: After optimization completion, pick the setting with the best profit factor along with high net profit.

RISK DISCLOSURE: Trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results.

HYPOTHETICAL PERFORMANCE DISCLOSURE: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results.

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