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Traders Investment Exchange ( review

  #4 (permalink)

Green Bay WI
Trading Experience: Intermediate
Platform: NT
Broker/Data: AMP/CQG
Favorite Futures: 6E
rpm123's Avatar
Posts: 321 since Apr 2010
Thanks: 337 given, 465 received

Took a Look

I saw their new Ninja partner announcement, that they run and test multiple systems and fit one to your needs. I tuned in because I am interested in autotrading and doing some due diligence. Their sales guy called me back and set me up with a login to the room.

I took a short look at the room and the autotrading system.

The room had 2 people in it, several charts with dots, that he said you just have to know when to ignore them and when to take them. He strayed off on Fibonacci, gann, and anything he could think of, rather than teaching any trading method or calling any trades. So I am not sure of the purpose of the room. He took some quick scalps on a big run up, not related to anything but the momentum present. The systems are not in the room. The reason of my inquiry. He is using tawachi and bentley momentum bars, which i had never heard of, a quick search points you to the vendor selling that method directly.

They had the developer call me about the systems. They have a couple they are promoting, $2500 to $3500 upfront fee, and $250/mo maintenance fee. You won't find that on their website. He said he has tested quite a few and he had two to show me. We looked at one, on the 6E, that was generating 100% annual returns, and he was showing me statements. Trades 3 to 10 times a week. Had some bad months. Pairs it with a second system, same system trading on a higher timeframe, and they offset each other. He seemed earnest. Not a sales guy. Really testing. Co-owner of the company.

I'm not interested in a black box, an expensive one at that. Especially one that resides somewhere else that I can only watch. And trades overnite. Had the website and Ninja announcement been more clear, everyone could have saved some time. This may fit others needs, but not a fit for me.

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