The Wilkes-Barre/Traxler has been studied and played exhaustively by the Wilkes Barre Chess Club but is known in Europe as the Traxler Defense. A number of authors have tried to resolve the opening. Ken Williams in, "The Real American Wilkes Barre" focused only on the sharp 5.Nxf7 variations and almost ignored the key 5.Bxf7ch variations. The former World Correspondence Chess Champion Yakov Estrin also wrote a monograph on this opening but missed the critical variations mentioned here.
The WBT has evolved from being one of the sharpest openings in all of chess to being one where White can keep the tactics under control and emerge with a clear plus, one that is almost winning in many variations. Indeed my critics agree that White is better only that White can win faster in other variations.
A key new concept here is the following novelty: 5.Bxf7ch Ke7 6.Bd5! Rf8 (Qe8 7.Bxc6! +/-) 7.Bxc6 dxc6 (bxc6 makes no sense as Black is going to have to waste a tempo on d6 which allows the first player to consolidate with the simple d3/Be3/Nbd2 should Black try Bg4---also Black cannot try the interpolation 7...Bxf2ch 8.Kxf2 Nxe4ch 9.Ke1 dxc6 10.Nf3+-). 8.Nf3! N
The first variation just hangs a piece for inadequate compensation: 8.Nf3 Nxe4 9.Qe2 Bxf2ch? 10.Kf1 Bb6 11.Qxe4 Qd4 12.Qxd4 Bxd4 13.d3 Bg4 14.Nd2+-; there are other variations but Black is never close to equality.
The second variation is presented below: 8.Nf3 Nxe4 9.Qe2 Nxf2 10.Rf1 Rf5 11.d3 Kf8 12.Rxf2 Bxf2ch 13.Kxf2 Qd4ch 14.Qe3 Kg8 15.Nc3 +/-
Theory and practical results are embedded is several disjointed threads. An attempt is going to be made here to summarize the key ideas in each thread so that the post members will have a single consistent source to assess the basic question, "Does White have an advantage in all forced variations of the 4.Ng5 Two Knights' Defense?" The first choice is the tricky 4.Ng5 Nxe4!?