Hello,
About this System( My holy grail Las vegas casino style day trading strategy).
1). First of all its not Holygrail.(holygrail doesn't exits,and if anywhere it exits, holygrail doesn't have stop-loss hit in its Dictionary)
2).Its a discretionary system.
3).Totally depends on so called TV experts (its their own view and often they are wrong).
4). This system doesn't utilizes,"lets profit Run",it has predefined take profit level,even though if markets goes 50-60 points in favor.
5). it uses Martingale Position sizing method,which has serious drawdowns (According to rajgreenpeace he never faced more than 5 consecutive losses,which means on 6th trade u need to bet/trade 32 lots, plus u already taken loss on 31 lots from previous 5 trades,which means to be able to trade on 6th time after 5 losses u need Capital of around 63 lots, off-course including leverage ),to come to breakeven plus 1 lot profit of around 15/25 points, i think its not wise position sizing.
...........These all are my own views and my views need not to be correct in accordance with ur views.
regards,