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Amico was second main room host besides the owner, Simon, and sales head for GTR (Global Trade Room) around the period of 2015. The CFTC did an investigation last year with findings reported in September which included subpoena of broker statements that showed GTR's chatroom never had a live trading account so were using sim feeds. The CFTC document: (https://www.cftc.gov/media/2446/enffuturesfxsimoncomplaint091019/download) In the comment section of a site which we can't reference now there were 22 pages , many with comments of former customers who complained their trading did not improve even following Amico's trading room, nor made profits but lost money. Several spent $7k to 10k or over for dubious education and subscriptions.
Interestingly (but not surprising for rats ditching a sinking ship) due to the 2015 review and a surge of customer complaints as more spoke out, Amico and Sandy Seaghal jumped ship and ditched Simon Jousef and GTR and promised they would start showing their dom for every trade live with their new site "futurestradinginaction". Just months later clients on the review site comments complained after an initial demo carrot stick period, Amico was obfuscating the same way he did on GTR and just occasionally showing his dom again. Since 2017 or so, it seems Amico had left Sandy and started his own site "veritasfuturestrading". Since 2019 or so, Veritas has stopped the monthly subscription and now charges quarterly with no refunds. Their prices have increased. Now it's at least 1.1k to subscribe to their autotrader bot. The veritas site now shows since Jan. that most all of their chat room trading is SIM only, and obfuscating with differing types of "sim track records". Which confirms more recent comments in the last two years on the site we can't reference now that customers were complaining Amico wasn't showing his dom for the most apart anymore despite a posting earlier not by jmh that claimed Amico was showing the dom with a supposed live account all the time.
Yes , on the front page of veritas it shows that stupid backtest graph chart of supposed increasing profitablity, but veterans to trading should well know enough a generated backtest in sim hardly means proof. And there are signs of glossing over losers compared to the spam email of so many "winners" in the spam email ads and there are no broker confirmed proven statements. And the signs are the past Amico shenanigans are going on again in the comments on review sites.
Yes, I get that someone could want to respond to my 'witch hunting' mode due to opinions or biases, but I've been duped before by previous scammers in my past ten years of learning and trading futures, and I'm not backing down with reminding of these facts shown and evidenced. And I was especially triggered feeling about the comments of the plight of those relative newcomers who had wasted tens of thousands and even lost money. Amico's site veritas has all the signs of many other dubious vendor sites with a pattern of the usual dream marketing, with no proof of actual profits despite claims otherwise, much less even the idea of being able to trade for a living while charging up to thousands again to numerous clients on the site. They even have their cftc "Hypothetical" disclaimer at the very bottom that most of us veterans to vendor fakery surely know about. And I was warning newcomers of this past history and even the proof with authorities as referenced in the review site. So I warned and warned again, and my relevant posted links keeps getting shifted to back pages of this thread now (just go back to page 10 of this thread to see the relevant links:
I Get email from and have seen his youtube videos here:
Trading a real account he says. It does look good! Does anyone have input?
) and I think my warning points are very valid for discerning newcomers wanting to do due diligence in researching a trading education guru/vendor, particularly this one. Fin.
Thanks, I recall back since the 2015 review of GTR checking out videos by Amico and later of his tradingroom "futurestradinginaction". And it looked somewhat discretionary but also very simple and crossover like with a slapped on profile. I guess a sufficing enough carrot stick show for newbies. Even the trading journals here by members can have more involved strategies and journaling thought into them.
Others have done due diligence and posted on or related to this thread, lest we forget, or may have missed:
Search for Bob Amico in this forum. Better yet, check this link Amicos Plead Guilty in Connection With $60 Million Mortgage Fraud Conspiracy Case | New York RealEstateRama (
The guy explains his bot's entry signals are Moving Average crossovers. …
With all due respect, I doubt you would call Bob Amico a "good" man if you were a victim of this fraud he perpetrated with his father, brother, and a few other co-conspirators. Was Bernie Madoff a good man, too?
This is the last email update I got on the 25th of April... I purchased this Robot but decided not to trade so I'm going to try to sell it cheap if someone is interested. PM me for any details otherwise you can ignore this Thank you very much.
Daily Update(s)
Traders,
I have not sent a daily update over the past few sessions as I simply have not had the time. Working with so many BOT owners to get them set to use their BOT has kept me busy! In any event the past few video's are here for you to watch;
2020-04-24 0757 Targets Trading Pro Trade Room Access
2020-04-23 0758 Targets Trading Pro Trade Room Access
As you can see we have utilized primarily the 3 minute BOT and the results have been exceptional!
This BOT is the most cost effective BOT in the marketplace as well as the single best performing day trading BOT available!
I don't think it's resellable as it's linked to a computer and email. Unfortunately he has 50 bots running with different settings and picks the winners and shows those.
The bot is nothing but a simple moving avg cross over with MTF. Anyone can copy and paste the code using info on this forum. Sorry to hear that dude
I haven't posted before but I felt this will help those who want to know how Bob Amico does trading real money. He has a separate New site to market his The Targets Trading Pro Auto Execute program where he places trades that are executed with a broker along with his subscribers.
Anyone trading from Sept 10, 2020 until Oct 5, 2020 incurred a loss of $5,869 on a $15,000 account.
I uploaded his track record but it is also on his site.
Take notice that he does not refer to his name on this site nor make reference to this site on his main Bot site. He does mention on the performance page about the Bot though.
Selling expensive trading bots and trade room subscriptions have been hugely profitable for Bob Amico.
He's rolling in dough and living very large. I wonder if he paid $14.5 million he owes in restitution to those victims he ripped off from the mortgage scam?
Bob is now for a third time trading a leader/follower account. You can check his daily updated track record here: https://alphatradesystems.com/order-flow-pro/
I will upload a pdf in case it gets deleted like the other two did.
