Big Mike 

Let's see if it used @NinjaTrader's licensing, and what they have to say about this given the situation. Sent using the NexusFi mobile app

@RJay - as you have mentioned previously in this thread, Day Trading Coach are business associates of Innovative Trading Solutions, i.e. your company. You have stated that you own the indicator package DTC used and is licensed to individuals by yourself and not DTC. Is this correct?

If, the latest turn of events is true, it appears Jovan (or whatever alias he is using) is now AWOL and has left DTC hanging out to dry. I can only hope that there were no individuals that gave Jovan money to invest on the promise of him doubling it.

Can you please reassure that if existing users of the DTC indicator package wish to continue using these indicators, you will allow their license in perpetuity? And they will not have to take any further action, i.e. contact you. If the license is working today it will continue to do so.

Please confirm.

jeliner 

So, I am getting a few direct messages from DTC members who also bought into the program. So now it appears that there are bunch of people who bought into this program, which main benefit came from a set of custom indicators behind locked code. My entire DTC package was disabled and indicators do not work. Is there any remedy available for software that was purchased like this to get them unlocked so they can be used? I will call NinjaTrader support tomorrow with that very question and see how it goes.

See my post above. I am sure @RJay will do the right thing.

You are right. This is very disturbing.

Firstly, I believe lawyers are private citizens just like us. To subpoena personal information about somebody (like from the DMV for example) they would need authority to do so. I doubt that would be granted for a C&D but a lawyer needs to weigh in because I don't know. Of course you were the wrong person anyway, which just adds to the already murky waters.

He got your updated mailing address from somewhere though. How did he do that? We will attempt to get to the bottom of it.

Secondly, I would consider paying for an identity theft prevention service. Equifax for example. I have this with my wife and they email you when anything changes. You can also login anytime and keep an eye on any credit checks (hard or soft) that may have been undertaken without your consent.

Guarding your property title/deed theft is also available from other companies like hometitlelock.

It is apparently easier than you think to steal the title on a house.

I sure hope the DTC members didn't comply and do the same. This is just another red flag in Jovan's (insert alias here) operation.

jeliner 

This Jovan - Fernando Fagundes thing is a bit disturbing. When I signed up for his course, he required a lot of extra ordinary information from me. From all the videos of his successful trading I was sold on the idea that I finally found something, so I was more complicit than I should have been with information that I should not have provided. For example, I had to send an email to him with my drivers licenses as a scanned image. Now that he has that and has attorneys investigating me to find out where I moved is quit frankly concerning. If he is really using other identities to commit fraud, what's going to keep him from using my personal information down the road to do the same thing?

Sent using the NexusFi mobile app

I have made in inquiry with NinjaTrader to find out what they can do to help the customers who may have gotten scammed in this DTC mess. You can see the message here NinjaTrader Forum

I believe we will be 100% reliant on @RJay here to do the right thing. He is affiliated with Day Trading Coach.

NinjaTrader cannot override vendor licensed "locked" indicators. Legally it is very likely too messy.

However, it is great that you are giving more exposure to this topic. The further we can spread the word about DTC the more people will see it.

jeliner 

I have made in inquiry with NinjaTrader to find out what they can do to help the customers who may have gotten scammed in this DTC mess. You can see the message here NinjaTrader Forum

Sent using the NexusFi mobile app

Not just this vendor, but everyone needs to understand the risks when they buy indicators with a license system out of their control.

I was thinking that @NinjaTrader controlled most all licensing through their system that they offer to developers, and had the power to restore licenses and functionality because of this. Hopefully they comment and say if I'm right or wrong.

JonnyBoy 

I believe we will be 100% reliant on @RJay here to do the right thing. He is affiliated with Day Trading Coach. NinjaTrader cannot override vendor licensed "locked" indicators. Legally it is very likely too messy. However, it is great that you are giving more exposure to this topic. The further we can spread the word about DTC the more people will see it. Sent using the NexusFi mobile app

Sent using the NexusFi mobile app

Big Mike 

Not just this vendor, but everyone needs to understand the risks when they buy indicators with a license system out of their control. I was thinking that @NinjaTrader controlled most all licensing through their system that they offer to developers, and had the power to restore licenses and functionality because of this. Hopefully they comment and say if I'm right or wrong. Sent using the NexusFi mobile app

We do offer our licensing as a services to 3rd parties. The agreement to license is between NinjaTrader and the 3rd party, not NinjaTrader and the 3rd party end users.

So for example if a vendor leaves 500 paid customers "high and dry" with their indicators disabled/non-functional, there is no recourse available with NinjaTrader?

Everyone needs to know that when they buy an indicator, it could stop working at any time. They are at the mercy of the developer, even after they've paid for the product.

Thanks for the quick reply, and Happy Thanksgiving!

NinjaTrader 

We do offer our licensing as a services to 3rd parties. The agreement to license is between NinjaTrader and the 3rd party, not NinjaTrader and the 3rd party end users.

Sent using the NexusFi mobile app

Big Mike 

So for example if a vendor leaves 500 paid customers "high and dry" with their indicators disabled/non-functional, there is no recourse available with NinjaTrader? Everyone needs to know that when they buy an indicator, it could stop working at any time. They are at the mercy of the developer, even after they've paid for the product. Thanks for the quick reply, and Happy Thanksgiving! Sent using the NexusFi mobile app

I have been working with any and all clients that have been caught up in that mess.

I now have to take a break from that to respond to this.

Innovative Trading Solutions has never knowingly, left any client "high and dry".

DayTradingCoach to the best of my Knowledge has not as well.

However, both DTC and Innovative Trading Solutions have recently been left "high and dry" by a really smooth con artist.

Even though funds paid by clients were absconded by "Jovan" and we, DTC and I, will probably never ever see any of it, We are honoring all purchases made. All services purchased concerning the trading system software and the associated training are valid and continues as long as we have any say in the final outcome.

If the "Moral Authority" here really wants to help...

He should focus his efforts on tracking down "Jovan" and alerting the authorities. That would helpful to everyone.

RJay

RJay 

I have been working with any and all clients that have been caught up in that mess. I now have to take a break from that to respond to this.

@RJay, I get the sense you are defensive -- but I want to make sure you know I was not directing anything towards you.

As far as I am concerned, you have been a good member of our community for many years and have nothing to worry about with your reputation.

Your involvement with this guy should just be a lesson learned, for everyone involved.

Mike