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A Gentle Caution with SentientTrader


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A Gentle Caution with SentientTrader

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  #1 (permalink)
 ratfink 
Birmingham UK
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
 
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SentientTrader is an interesting and pretty piece of Hurst analysis software that attracted me sufficiently to shell out 2.5K for it. It is cute enough but what is not so cute is that it stops running unless you shell out the yearly support charges. I would be happy to pay if I wanted continual upgrades but I happen to think that any software that's fully paid for should just run as is and as I assumed. Maybe I'm old fashioned.

Caveat Emptor - read the small print.

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 simjs 
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Hello Ratfink.

Thank you for sharing the info about SentientTrader.

Will you be able to advice the following :-

1) Will it worth the effort and time to learn JM Hurst Cycle analysis ?
2) Is SentientTrader worth the money and time ?

Thanks.

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 ratfink 
Birmingham UK
 
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simjs View Post
Hello Ratfink.

Thank you for sharing the info about SentientTrader.

Will you be able to advice the following :-

1) Will it worth the effort and time to learn JM Hurst Cycle analysis ?
2) Is SentientTrader worth the money and time ?

Thanks.

1) I found the learning experience valuable. It increased my awareness of ways to look at factors involved in markets, but I do not directly use Hurst's work to increase my profitability.

2) Imho no. Emphasis on the 'h' of course. However, the software is beautifully seductive to look at. I wouldn't have minded paying for it so long as the version I had kept running without the ongoing support charge. That's just ridiculous, it wasn't cheap and neither is it likely to make you money on its own.

Having said all that, without an appreciation for waves and cycles I wouldn't be where I am now in knowing where a market is and why a market is behaving in a particular way - and that's got nothing to do with buying, selling or news.

Cheers, hope my 2c helps.

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 simjs 
SG
 
Experience: Advanced
Platform: MultiCharts
 
Posts: 6 since Apr 2010
Thanks: 7 given, 5 received

Hello ratfink,

Thanks for the reply.

I will like to get some advice from you. Below are some of my questions :-

1) In order to learn JM Hurst cycle, do I really need to get the TraderPress version of JM Hurst course ? or SentientTrader training material will be sufficient ?
2) Will Hurst cycle has any value on intraday trading ? Reason I asked, because SentientTrader has Intraday version which I wonder whether it will be useful for shot term swing trading (within 3 to 5 working days) ?
3) Does SentientTrader FLD trading strategy useful or necessary ?

I look forward to your reply.

Thanks.

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  #6 (permalink)
 ratfink 
Birmingham UK
 
Experience: Intermediate
Platform: NinjaTrader
Broker: TST/Rithmic
Trading: YM/Gold
 
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Posts: 3,651 since Dec 2012
Thanks: 17,422 given, 8,403 received


simjs View Post
Hello ratfink,

Thanks for the reply.

I will like to get some advice from you. Below are some of my questions :-

1) In order to learn JM Hurst cycle, do I really need to get the TraderPress version of JM Hurst course ? or SentientTrader training material will be sufficient ?
2) Will Hurst cycle has any value on intraday trading ? Reason I asked, because SentientTrader has Intraday version which I wonder whether it will be useful for shot term swing trading (within 3 to 5 working days) ?
3) Does SentientTrader FLD trading strategy useful or necessary ?

I look forward to your reply.

Thanks.

Hi @simjs, I would say that as it's now more than 2 years since I last played with this I am not best qualified to offer you advice (e.g. I can't even remember what the FLD was, and of course my software no longer runs.)

I seem to think they had a lot of training material on the website, probably good enough to start with. I do like old books when I can find them, but I have no knowledge of the TraderPress course you mention.

I paid for the intraday version. Can't say it was a great decision, maybe it was just me though.

Overall I suggest you ask if they do a trial version - as the software is locked for support I don't see why they couldn't allow trials, even if paid for by month, their answer should give you a clue as to whether to follow the road or not.

Cheers

Travel Well
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  #7 (permalink)
 simjs 
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Ratfink,

Thank you.

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