A traction control system for a machine having an electric drive configuration is disclosed. The traction control system includes an electric motor associated with at least one wheel and adapted to provide braking torque to the wheel. The control system further includes a controller configured to determine a rotational speed of the at least one wheel, compare the rotational speed to an allowable slide threshold, and adjust the braking torque to the at least one wheel during retarding if the speed is less than the allowable slide threshold.