Has anyone ever heard of eminisniper.com? | Trading Reviews and Vendors


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Has anyone ever heard of eminisniper.com?

  #323 (permalink)

Market Wizard
Berlin, Europe
 
Trading Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker/Data: Interactive Brokers
Favorite Futures: Keyboard
 
Fat Tails's Avatar
 
Posts: 9,798 since Mar 2010
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Not a serious vendor

This is again one of the guys who is not serious but

-> takes freely available indicators
-> renames them in order to hide the true origin
-> sells them to unsuspecting victims

Those who cannot make money by trading just have to use a different method to collect your money ....

But let me first show how they are doing it ....


SniperBidAsk


Screenshot taken of indicator sold by Eminisniper.


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Compare to Derivative Oscillator by Constance Brown


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What I regret here is that

- they have taken an oscillator from Constance Brown and do not give credit to her as the author
- they rename it to Sniper BidAsk (BidAsk is completely misleading, because the indicator uses neither bid nor ask, it is just a smoothed RSI)
- then sell the stuff for $$$



EminiTargeter


Screenshot of indicator sold by EminiSniper


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Compare to QQE (Quantitative Qualitative Estimation) translated from MetaTrader 4


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Again this is not exactly what I expect from a vendor. Dissimulation and dishonesty is not beneficial to trading.



Conclusion

Taking existing indicators that have been developed by somebody else does not necessarily invalidate an approach to trading. Why not use successful concepts and apply them to trading?

But would you trust in somebody who sells you chicken as beef, even if the meat is fresh?

In this case you can get the chicken for free, do not pay for it!


Disclaimer: I have not purchased the indicators from eminisniper.com, but the screen shots have been posted by @Ironman9973 in the German section of this forum, where I have originally responded. Here is the link to the posts.

https://futures.io/german-traders/20453-fragen-zum-ninjatrader-11.html#post267367

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