Flux Capacitor - by Back to the Future - futures io
futures io futures trading



Flux Capacitor - by Back to the Future


Discussion in Trading Reviews and Vendors

Updated by jmh13
      Top Posters
    1. looks_one gg80108 with 26 posts (23 thanks)
    2. looks_two BTTFT Michael with 26 posts (38 thanks)
    3. looks_3 tradingonvolume with 20 posts (44 thanks)
    4. looks_4 dandxg with 16 posts (0 thanks)
      Best Posters
    1. looks_one Big Mike with 3.1 thanks per post
    2. looks_two tradingonvolume with 2.2 thanks per post
    3. looks_3 BTTFT Michael with 1.5 thanks per post
    4. looks_4 gg80108 with 0.9 thanks per post
    1. trending_up 128,991 views
    2. thumb_up 393 thanks given
    3. group 76 followers
    1. forum 285 replies
    2. attach_file 63 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 100,000 members
  • Genuine reviews from real traders, not fake reviews from stealth vendors
  • Quality education from leading professional traders
  • We are a friendly, helpful, and positive community
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts
  • We are here to help, just let us know what you need
You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

(If you already have an account, login at the top of the page)

 
Search this Thread
 

Flux Capacitor - by Back to the Future

(login for full post details)
  #271 (permalink)
Market Wizard
Fletcher NC
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
 
forgiven's Avatar
 
Posts: 639 since Mar 2012
Thanks: 141 given, 376 received


BTTFT Michael View Post
One of the great things about time cycles, is that every day is a "Trial". Once time cycles are identified, someone doing the research can project that information into the future and verify for themselves if the cycles were accurately identified, or not. I think that traditionally, people who are studying left-looking technical indicators are bound to that "30 day trial" mentality because of all the games the other developers play with signals disappearing/reappearing/repainting/painting bars afterwards. No?

in the morning RTH around 10 a.m. est and 10:30 a.m. est are time cycles where the market turns 60% of the time. go ahead and send me 3000 grad if you want to.

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
The following user says Thank You to forgiven for this post:

Can you help answer these questions
from other members on futures io?
Plotting a subchart in a strategy
EasyLanguage Programming
The logic of your strategies
Traders Hideout
Please help coding day of month strategy!!
Traders Hideout
Time Specific Volume Bars for Market Hours? Thinkorswim
ThinkOrSwim
MulitCharts: Limit Order converted to MIT
Platforms and Indicators
 
 
(login for full post details)
  #272 (permalink)
East Bend
 
Experience: Advanced
Platform: NinjaTrader, Tradestation, MetaTrader
Broker: Mirus/Kinetick
Trading: Futures, Oil, Gold, NQ
 
Posts: 49 since Mar 2010
Thanks: 2 given, 65 received


forgiven View Post
in the morning RTH around 10 a.m. est and 10:30 a.m. est are time cycles where the market turns 60% of the time. go ahead and send me 3000 grad if you want to.

Thanks, Forgiven. After speaking with Mike about comments like this - I've been asked to remain positive, and constructive...and add value to the community's members wherever possible. To avoid being cynical and toxic....building, and uplifting instead. In the spirit of Mike's request, I thank you for your comment.

I am constrained (willingly having accepted those constraints) to posts which are not self-promoting. As such, keep in mind the following:

"in the morning RTH around 10 a.m. est and 10:30 a.m. est are time cycles where the market turns 60% of the time."

This statement leaves some questions - ie, what are the entry and exit criteria? Are you suggesting people enter at candle close on a 1 minute CL chart for example at 10am? What kind of stop? Target? The ATR of CL this morning (one of the more popular futures markets) is around 15 ticks every minute. So when you say "around" 10am and "around" 10:30 - if you're off 2-3 bars (assuming you're close) that requires a stop of 30-45 ticks per contract...far too large of a risk for most newer traders with a small account.

It begs the question - are there methods at people's disposal that can distill the time down to a specific minute bar?

Todd Mitchell taught a course that outlined similar times, I paid $1,500 for it back in the day. It "taught" something similar, to the effect of "look for the market to reverse directions around 2:30, unless it doesn't - in which case it will continue trending until the close". Other traders I met confessed it was very ambiguous and had that "can never be wrong" element of marketing to it.

I fear statements like "turns around 10 o'clock and 10:30" potentially bear the same hallmarks of that statement - being broad enough that a turn within 10 minutes of that time could be claimed as a "success". It's hard to build a trading plan around something generalized like that, I find. I can't comment on the technique I teach in here, but if you'd like to ping me in a PM, I can suggest some techniques to you (very simple, very manual) that you can use to narrow down your window.

Much respect - Michael

Please send me a Private Message if you have any questions about BTTFT services
Follow me on Twitter Visit my Facebook Reply With Quote
 
(login for full post details)
  #273 (permalink)
Market Wizard
Fletcher NC
 
Experience: Intermediate
Platform: nijia trader
Broker: A.M.P. I.Q. ....C.Q.G.
Trading: ym es
 
forgiven's Avatar
 
Posts: 639 since Mar 2012
Thanks: 141 given, 376 received


be for buying check out there reviews at tradeschool.org and other places . the reviews of there work and the owner are not hard to find. if you like what you see by all means go for it.

Follow me on Twitter Visit my Facebook Visit my futures io Trade Journal Reply With Quote
 
(login for full post details)
  #274 (permalink)
Pittsburgh, Pennsylvania
 
Experience: Advanced
Platform: Ninja Trader
Trading: 6E, CL, Anything that moves
 
Posts: 439 since Jun 2012
Thanks: 555 given, 169 received

NEW REVIEW ---->
~~Not a continuation of the previous DRAMA~~

I TESTED THIS SYSTEM SOME YEARS AGO and..I bow my head in Shame and I have to admit >>> that I actually bought this piece of crap Random Dot Trading Indicator.

Well actually I just "leased" it from this Michael Guy for the better part of a year and tested the shit out of it and saw that it is basically TOTAL AND COMPLETE GARBAGE.

A HISTORY OF THIS "INDICATOR/GARBAGE"

It was actually created, coded and fully written by BEN -- the programmer from the site/store Affordable Indicators ? NinjaTrader Programming

Ben is an EXCELLENT EXCELLENT PROGRAMMER -- very very professional and diligent.

He had an idea one day to just take the MACD and run it on a chart >>>>
Then --- AVERAGE OUT every MONDAY and see when EACH OF THE THOSE LITTLE TURNS IN MACD HAPPEN THRU OUT LIKE 20 CONSECUTIVE MONDAYS

Then --- spit out a "dot" WHERE THOSE AVERAGES OF THOSE LITTLE LITTLE TURNS ON THE MACD HAPPENED

CAN YOU ALREADY SEE HOW HORRENDOUSLY RANDOM THAT WOULD bleepin' BE???

Well if you can't -- just simply try out the "software" and see that it is ultra ultra random.

Well BEN had another idea >>>> to also make it AVERAGE OUT THE "TURNS" OF THE ZIGZAG INDICATOR

Then --- AVERAGE THAT OUT --- then spit out times and dots.

That garbage was also pretty damn random >>>> but because the ZIG ZAG indicator is less NOISY it at least made less signals and the signals were a tiny bit less random.

Anyway >>> BEN PROGRAMMED THIS THING MOSTLY FOR FUN and FOR THE CHALLENGE.

He didn't really like it, or even thought much of it and he DEFINITELY didn't use it....

BUT THEN CAME THIS GUY CALLED MICHAEL ( and apparently is very very impressed by shiny objects ) and he thought it was cool... and he bought it and could just CHANGE THE NAME and MARKET THE SHIT out of it.

He bought the license from BEN and then started selling it on his website.

I CAN TELL YOU WITH 100% CERTAINTY that this MICHEAL GUY DOES NOT TRADE THIS THING.

ACTUALLY >>> IT IS EVEN WORSE >> HE DOESN'T TRADE AT ALL.

At least when I tried this "software".

He couldn't trade ANYTHING YET THIS GUY WAS TRYING TO SELL THE FLUX CAPACITOR THING TO ME.

I COULD TELL HE DIDN'T KNOW HOW TO TRADE ONCE YOU FINALLY GET HIM ON SCREEN. He had no skill or experience. NONE.

WOULD YOU HAVE SURGERY from a DOCTOR that HAS NEVER TOUCHED A BODY BEFORE.

Would you buy a race car from someone that never races at all or is a garbage garbage driver.

Would you buy hunting rifles from a useless ultra lefty liberal that hates all guns and wants to ban them ( college SJW girl ).

Well that is what this Michael guy is.

But I didn't recognize that until I agreed to do a 'lease' and I sent him a payment or two for this garbage.

It will plot basically random dots all over your chart with ZERO statistical edge.

He was a very very weak trader with NO understanding of statistics and can't analyze the expectancy of his system.

He will just ~~~LOOK~~~ at a chart and then say .... "Wowserss... look -- it totally works."

Well the mind and brain of retards will ignore the random bullcrap dots and will also ignore the completely wrong dots and will then sort of self confirm the few few few dots .... that were close to a turn. Then his brain just says --- look this garbage totally works guys!

If it worked soooooo awesome >>>> then why the F did Ben from Affordableindicators.com sell it to the Michael guy?

If it worked soooooo awesome ---- then Ben would have made it better and sold it himself.

Anyway --- I also worked to try and make this garbage work.

THE FEW POSITIVE REVIEWS THAT YOU SEE OF THIS PROGRAM are ALL FROM ULTRA ULTRA INEXPERIENCED TRADERS.

Actually they are completely NON-TRADERS and they also FALL FOR THE SAME CONFIRMATION BIAS AND PLACEBO EFFECT THAT MICHEAL FELL FOR.

AFTER YOU FALL FOR THE PLACEBO/ CONFIRMATION BIAS ---- your brain will think that you have a actual winning system and then if you trade it ---- you will get EVISCERATED.

It SIMPLY DOES NOT WORK. End of story.

Not without AN ACTUAL REAL SYSTEM OR TRADING STRATEGY and if you have an actual system --- then you don't need this.

Also the Michael guy lives in an EXTREMELY EXTREMELY SMALL TOWN in the U.S. where he said that he prides himself that his "town" "only has ONE traffic light" according to him. Which tells you everything you need to know. He is/was not making any money from trading his indicator and had to move to an ultra ultra small town with ultra ultra low house expenses so he could just SELL ONE of these indicator packages and be able to sort of pay his bills.

This program is garbage and this Michael guy is pure sleaze. I am glad I cancelled that "lease" as soon as I did.

We need to stop giving garbage systems any kind of money.

SO IN CONCLUSION:
If you want to buy a piece of crap >>>> with very very good marketing ( yes I will give them that... the marketing is the only thing that is good ) that produces dots all over your chart with NO EDGE what so ever... from a guy with NO trading skill or knowledge what so ever and no knowledge of statistics what so ever then yea.. go for it.

I am sure it will be good. If I can at least warn ONE PERSON about it --- then I will have done my job.

THERE ARE REAL THINGS THAT WORK:
Basically Market Profile levels and then Order Flow reading at those levels

Just basic Market Profile levels -- like volume nodes and poor highs and lows --- then just confirm those levels with some Order flow of some kind.

Reply With Quote
The following 2 users say Thank You to OpalDragon for this post:
 
(login for full post details)
  #275 (permalink)
East Bend
 
Experience: Advanced
Platform: NinjaTrader, Tradestation, MetaTrader
Broker: Mirus/Kinetick
Trading: Futures, Oil, Gold, NQ
 
Posts: 49 since Mar 2010
Thanks: 2 given, 65 received

Thank you for most recent comments. Forum rules prevent me from responding in any material way, as they would be interpreted as Mike as "self promotion".

I can only say that nearly every line of your post is laden with misinformation, and in any other context would be considered slander and/or libel. Forum rules, again - prevent me from responding to any of them, as such a response has historically been taken down for "self-promotion". (it's tiring).

I am a degreed Mechanical engineer with over 5 design patents. Father to 3 amazing and beautiful children. Husband to a woman I don't deserve. Assistant scoutmaster to 15 kids I've watched grow up in front of me...a former Eagle Scout and lifetime NESA member. I build a pretty good pinewood derby car (last year we won 2nd place in the county).

I live in East Bend, NC - because after the day before 9/11, my father died from congestive heart failure having been denied a heart transplant from a lifetime of taking Lipitor to function. My mother died 6 months later from lung cancer - refusing any treatment at the time because she loved my father so much she really didn't want to live without him. They were 58 years old.

I moved my family from NY to NC to be far away from planes flying into buildings and subway bombers. And to start fresh, far away from some pretty painful memories and some horrible people.


That said, I regret you had the experience you did. I don't even know where to begin to help you - but I'm willing to try.

If you'd like to contact me directly regarding your experience, we'd like to help you. Please call (336) 703-7667 at your earliest convenience. I'm happy to respond to you in a healthy, constructive and informative way. I can see from your bio you're in Pittsburgh. If you want, there's an active customer not too far from you that would probably help you as well if you were open to it.

I hope you have a great, drama free day.

Michael

Please send me a Private Message if you have any questions about BTTFT services
Follow me on Twitter Visit my Facebook Reply With Quote
 
(login for full post details)
  #276 (permalink)
Pittsburgh, Pennsylvania
 
Experience: Advanced
Platform: Ninja Trader
Trading: 6E, CL, Anything that moves
 
Posts: 439 since Jun 2012
Thanks: 555 given, 169 received


BTTFT Michael View Post
Thank you for most recent comments. Forum rules prevent me from responding in any material way, as they would be interpreted as Mike as "self promotion".

Highly doubtful -- that that is the reason. Big Mike is very very fair in this site.


BTTFT Michael View Post
I can only say that nearly every line of your post is laden with misinformation, and in any other context would be considered slander and/or libel. Forum rules, again - prevent me from responding to any of them, as such a response has historically been taken down for "self-promotion". (it's tiring).

Again highly doubtful. Big Mike is very very fair in this site since even AMP tried to sue him...which was not cool. Now he is ultra ultra strict about following all rules and protocols. Which is great and if HE ( BIG MIKE ) tells me to edit or remove that post in anyway to comply fully with laws I MOST DEFINITELY WILL. But as it stands it is my FREE SPEECH and ( TWO ) it was my experience of having used the product a few years ago. SO REALLY THE ONLY THING YOU CAN SAY IS THAT IT IS MY EXPERIENCE OF THE SOFTWARE FROM A FEW YEARS AGO AND MAYBE YOU HAVE UPDATED IT SO SO MUCH THAT IT IS COMPLETELY DIFFERENT. BUT I have seen your more recent videos and your software looks exactly the same.



BTTFT Michael View Post
I am a degreed Mechanical engineer with over 5 design patents.

Ok -- that is great. Design IN MECHANICAL ENGINEERING has nothing to do with STATISTICS, EXPECTANCY or quantifying risk. Some Mechanical Engineering projects could definitely have that -- like quantifying the risk of some earthquake happening at the site of an Skyscraper and possibly bringing it down -- but it is still not the same as trading.


BTTFT Michael View Post
Father to 3 amazing and beautiful children. Husband to a woman I don't deserve. Assistant scoutmaster to 15 kids I've watched grow up in front of me...a former Eagle Scout and lifetime NESA member. I build a pretty good pinewood derby car (last year we won 2nd place in the county).

Okay -- what has that have to do with trading? That has nothing to do with trading or a project.

Hitler could have had kids.

And that is great that you have kids and all ---- BUT THAT IS NOT IN QUESTION HERE and never was.


BTTFT Michael View Post
I live in East Bend, NC - because after the day before 9/11, my father died from congestive heart failure having been denied a heart transplant from a lifetime of taking Lipitor to function. My mother died 6 months later from lung cancer - refusing any treatment at the time because she loved my father so much she really didn't want to live without him. They were 58 years old.

I moved my family from NY to NC to be far away from planes flying into buildings and subway bombers. And to start fresh, far away from some pretty painful memories and some horrible people.

Ok... That Sucks ... it really does. Unfortunately that happens to every family.

Also planes flying into buildings and subway bombers >>> hardly happen. They are extremely statistically unlikely events. They are definitely more statistically prone to happen in New York and other globally known cities but only slightly higher. But ok fine.

I also don't like HUGE HUGE cities that much.

Still there are a ton of other damn good cities to move to -- but whatever.

Anyway -- you shouldn't be wasting your time responding to these reviews.

You should be using your time and money to make a system that actually works instead of looks good or interesting. Because that is all Flux is ... just interesting but unfortunately very very weak. At least in MY OPINION. It simply does not work -- without a system that actually WORKS.

If I have a system that ALREADY WORKS.... then... why give you $2,000 for your mortgage and non-existent trading skills.

I will EDIT THE ORIGINAL REVIEW to state >>>> that I traded your 'system' a few years ago just to be 100% accurate. But again I see you haven't really changed it from what I can tell --- sooooo.....

Take care and have a good day.

Reply With Quote
 
(login for full post details)
  #277 (permalink)
Reno, Nevada
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZN, ZB, CL
 
phantomtrader's Avatar
 
Posts: 332 since May 2011
Thanks: 77 given, 547 received


BTTFT Michael View Post
One of the great things about time cycles, is that every day is a "Trial". Once time cycles are identified, someone doing the research can project that information into the future and verify for themselves if the cycles were accurately identified, or not. I think that traditionally, people who are studying left-looking technical indicators are bound to that "30 day trial" mentality because of all the games the other developers play with signals disappearing/reappearing/repainting/painting bars afterwards. No?

Another great thing about cycle analysis is that it's testable. Time series analysis as well as a number of intraday volatility forecasting techniques can be used to forecast time lines. One thing I noticed at your website is that you provide no analytical data for your model. How much data did you use? What formulas did you employ and how do they compare? How do you deal with white noise? You mention that your model is based on bank trading times. How do you account for days when banks don't trade? What about HFT algos? What about gaps? What's the standard deviation for your model? Does it take the daily news into account?

Here's what a representation of what your model might look like if you did the correct analysis:



Note that to decompose this data, you need to know how to use Fourier analysis and other mathematical techniques that require high end software to do the job right.

Unfortunately, you're offering no mathematical proof that your setup works. It would be an easy task to show your data and the raw results without giving away your proprietary model. Your statement above suggests that you don't understand this type of analysis yourself.

It's also unfortunate that people are not asking you the right questions about your trading system.

Reply With Quote
The following user says Thank You to phantomtrader for this post:
 
(login for full post details)
  #278 (permalink)
Pensacola FL
 
 
Posts: 57 since Jun 2016

I guess we will find out about this Back to the Future indicator.

Without consulting me, a friend ordered it last week.

He has only traded stock options before so any success he achieves will certainly not be attributed to his expertise.

In 35 years of trading "I have never found some black box guru stand alone software that consistently made money."

But if you guys want I will report on his results.

He will trade one contract on the Dow YM with a $6,000 account.

I said he might have a better chance at taking a $6,000 bet against Tom Brady this weekend but he is adamant.
We will see.
TB

Reply With Quote
 
(login for full post details)
  #279 (permalink)
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
cory's Avatar
 
Posts: 6,000 since Jun 2009
Thanks: 831 given, 7,839 received


TheBenefactor View Post
I guess we will find out about this Back to the Future indicator.

Without consulting me, a friend ordered it last week.

..
We will see.
TB

if that one fails then he might want this one

Reply With Quote
 
(login for full post details)
  #280 (permalink)
Indianapolis, IN USA
 
Experience: Advanced
Platform: Ninjatrader TOS Custom
Broker: Several
Trading: ES CL ZB
 
Posts: 374 since Dec 2009
Thanks: 225 given, 380 received



TheBenefactor View Post
I guess we will find out about this Back to the Future indicator.

Without consulting me, a friend ordered it last week.

He has only traded stock options before so any success he achieves will certainly not be attributed to his expertise.

In 35 years of trading "I have never found some black box guru stand alone software that consistently made money."

But if you guys want I will report on his results.

He will trade one contract on the Dow YM with a $6,000 account.

I said he might have a better chance at taking a $6,000 bet against Tom Brady this weekend but he is adamant.
We will see.
TB

This is similar to your friend having just ordered the brand new driver that Jordan Spieth and several of the top guys on the PGA Tour have been using with great success. Now your friend takes the same driver that Tiger Woods uses to win the Masters, goes to the course and plays the worst round of golf in his entire life. Hits 4 balls out of bounds - even completely whiffs the ball on the hole where the drink-cart girl is watching. He comes home and says, "worst club I've ever used, all these equipment manufacturers are worthless, the only thing that works for everyone is balata and persimmon (aka price action). Hey look, I even found an ex-con who reviewed this club and he says it's a rip off too!

I've seen that story posted here on the forum a whole bunch of times. In truth, it's not the club but the practice, the time invested, the ability of each individual player. Same with trading. It doesn't really matter how good or poorly somebody else can achieve with any given tool - it really only matters if that particular tool is something that can be useful to you.

Reply With Quote
The following 2 users say Thank You to timefreedom for this post:


futures io Trading Community Trading Reviews and Vendors > Flux Capacitor - by Back to the Future


December 18, 2019


Upcoming Webinars and Events
 

Technical Analysis Workshop w/NinjaTrader

Oct 27
 

Bookmap

Oct TBD
 

SharkIndicators

Oct TBD
 

Carley Garner

Oct TBD
 

Ironbeam

Oct TBD
 

Zytrade

Oct TBD
 

GruttePier

Oct TBD
     



Copyright © 2020 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts