Shadowtraders system. Scam or real? (www.shadowtraders.com) - futures io
futures io



Shadowtraders system. Scam or real? (www.shadowtraders.com)


Discussion in Trading Reviews and Vendors

Updated
      Top Posters
    1. looks_one trader2 with 40 posts (28 thanks)
    2. looks_two tigertrader with 11 posts (58 thanks)
    3. looks_3 jodistrict with 9 posts (14 thanks)
    4. looks_4 cory with 8 posts (4 thanks)
      Best Posters
    1. looks_one tigertrader with 5.3 thanks per post
    2. looks_two Cheech with 4.3 thanks per post
    3. looks_3 jodistrict with 1.6 thanks per post
    4. looks_4 trader2 with 0.7 thanks per post
    1. trending_up 49,684 views
    2. thumb_up 172 thanks given
    3. group 29 followers
    1. forum 142 posts
    2. attach_file 7 attachments




Welcome to futures io: the largest futures trading community on the planet, with well over 125,000 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)

Closed Thread
 
Search this Thread
 

Shadowtraders system. Scam or real? (www.shadowtraders.com)

(login for full post details)
  #61 (permalink)
 jmont1 
New York, NY
 
Experience: Intermediate
Platform: NinjaTrader8
Broker: Data = Rithmic -- Gives 70 Level II Data
Trading: 6C (Low Margin,) 6E, CL, GC, ES and Maybe DX for smaller tick value
 
Posts: 1,263 since May 2011
Thanks: 1,606 given, 924 received


trader2 View Post
Honestly, there are 5 moving averages.
EMA 13
SMA 20,50,100,200
MACD with settings 19/38/9
Stochastics with settings 5/20/5
LinReg 4 and 9, it is in Ninja

pivots, high/low/close from yesterday, calculated by shadowtraders

this is considered as trend following if they are in alignment on different timeframes

or
as barriers, especially in the 1 min chart

out of that they created different indicators to better show. Arrows etc., for "lazy traders".

and their "fractals" which they calculate from counting every single trade. A nicer way to read the tape. Perfect tape readers do not need those fractals. It is just a visualization.

Trader2, I think people are fine that you are not a "shill" whom is recommending them for your own profit. No need to continue mentioning it.

May I request you take a look at the Fractal indicator recently posted by Erez in the Perry trading method section:



#post189358

It seems excellent but I cannot tell for sure. I also see a bwFractals in that thread but it just posts a fractal, where the new indicator looks very impressive.

I would appreciate if you could see if it matches up well to the ShadowTraders version.

Your confirmation would resolve my current hesitation in using it.

- - - - - - - - - - - -

Separately, I have not worked with ShadowTraders but I do know someone whom I trust that recommends them. I am currently waiting on whether to join but my inclination is to keep waiting if their primary methodology is fractals and small scalps. Even with a reasonable commission rate of perhaps US $4 round trip, the commissions are ~ 10%.

I was a bit surprised that they and you are trading for such small tick increments. I also find that I can usually get three (3) ticks most of the time. Unfortunately, I usually try for more and run into disasters.

Perhaps I will start focusing on those wins for a while to build back the account.

I appreciate your posting the other indicators they use since it appears I use some version of them already. I will need t o try out using the 1 min charts.

Best of luck to you.


Can you help answer these questions
from other members on futures io?
ID Indicator ?
ThinkOrSwim
AUSuperTrend in the NT strategy builder
NinjaTrader
Find the largest volumes in the cluster
NinjaTrader
EMA as a trailing stop
Traders Hideout
Looking for VisEMA indicator for NT7
NinjaTrader
 
 
(login for full post details)
  #62 (permalink)
 tigertrader 
Philly, Pa
 
Experience: Master
Platform: NinjaTrader
Trading: ES, ZB
 
tigertrader's Avatar
 
Posts: 6,255 since Jul 2010
Thanks: 6,574 given, 34,958 received

Does Barb offer a money back guarantee? Of course, not.

Has she ever provided a single profitable track record for herself, or anybody who utilizes her methodology?

Plain and simple. The odds of ever becoming a professional trader, i.e., (actually supporting yourself from trading electronically) with a trading methodology that takes 3 ticks per trade is absolutely zero. As you attempt to scale this strategy, commissions and slippage will totally degrade your system.

Fractals are completely useless. I don't know of one professional trader who would give them a second thought. Of course, to the uninitiated they sound very cool, but in fact, they are pragmatically insignificant.

Of course, don't take my word for it. Instead, listen to someone who earns her living, not from trading; but from packaging some simplistic system, that anyone can come up, reading just about any book off Amazon .com., and then markets and sells it, to the famously ignorant and naive public.

Trading involves risk, and a methodology with little to no risk (1tick) commands a very high premium to be paid to the market, which in this case is a very limited upside to profitability. But once again, don't listen to me, because, just like any other "mark", you are only going to believe what you want to believe, not what is logical or makes common sense.

Bottom line is; there is nothing she can teach you that isn't available for free on this forum. In addition, you are being taught a methodology that is blatantly useless in the real world of trading. But what do I know? I've just supported my wife, myself, and my 6 kids on nothing but my trading income for 35 years.

Follow me on Twitter
The following 22 users say Thank You to tigertrader for this post:
 
(login for full post details)
  #63 (permalink)
 wldman 
Chicago Illinois USA
 
Experience: Advanced
Broker: IB, ToS
Trading: /ES, US Equities/Options
 
wldman's Avatar
 
Posts: 3,343 since Aug 2011
Thanks: 1,978 given, 8,888 received


you should have had more kids!

Visit my futures io Trade Journal
The following user says Thank You to wldman for this post:
 
(login for full post details)
  #64 (permalink)
 tigertrader 
Philly, Pa
 
Experience: Master
Platform: NinjaTrader
Trading: ES, ZB
 
tigertrader's Avatar
 
Posts: 6,255 since Jul 2010
Thanks: 6,574 given, 34,958 received

And of course, there is Rockwell Trading, another philanthropic trading company whose altruism knows no bounds. Their system is so effective that it was once sold for a whopping $597.00. How could a system , that could make you so much money, be so inexpensive?
Good question!!!
But nevertheless, Rockwell is so worried that you might be missing out on their very valuable system, that they are discounting it by 50%.





Get The Ultimate Day Trading System Now
Regular Price: $597 - Today Only $297


Yes, I want to get access to "The Ultimate Day Trading System" because I am committed to become a better trader. Here's what I will get:
  • 4 DVDs with videos and screen recordings
  • Special Guide "Intro To Futures"
  • Strategy Reference Guides
  • Market Data Cheat Sheet
  • Instant Online Access To All Materials
  • 30-Day Money Back Guarantee

Regular Price: $597
Today Only $297



.
This Special Offer Expires Soon!

Follow me on Twitter
The following user says Thank You to tigertrader for this post:
 
(login for full post details)
  #65 (permalink)
 cory 
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
cory's Avatar
 
Posts: 6,052 since Jun 2009
Thanks: 857 given, 7,925 received

Rockwell has actual student testifies against them here Updates rockwelltradingscam

The following 3 users say Thank You to cory for this post:
 
(login for full post details)
  #66 (permalink)
 trader2 
Berlin,Berlin
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ninja/CGQ
Trading: CL
 
Posts: 71 since Mar 2010
Thanks: 6 given, 50 received

Does Barb offer a money back guarantee? Of course, not.

My violin students never get their money back .
They practise and they are successful, or they do not and they are lazy. Am I a scam? I never give money back to people that got something from me, at least my time hehe
Did your teacher at college ever give his salary back? That would be ridiculous idea.

track record?
Remember, they are not a trade call service. You learn the method and pull the trigger 100 times a day every time you see a V on the linreg4 or twice a day only at a pivot.

You take something out of the method, or you don`t. It is up to you.
You can also take one idea from Rockwell. It is up to you. Only one idea, but for you it is THE IDEA.
One big clue, and it is worth 1000 $ for you, or nothing because you know everything already, so you wasted your money.

The question is? Is teaching others a bad thing? Is every teacher a scam because he tells others how he could do something? I do not think so. You are yelling at the teachers and the teaching in general, I think.


Especially in trading too many people try on their own and loose money.

The scam discussion in the world of trading is really an interesting phenomena to me...

I am a musician, and the musicians are playing the two favourite games to others:
Saying "He cannot play" ("er kann nicht")
or
"we do not let him into our orchestra" ("er darf nicht"). "He is out and we are in, hehe, we decide who may join us, AND YOU MAY NOT,hehe" . These are games.
The favourite musician games to have the power about others.


In trading it is always the game "does he trade a life account? Or just sim?" (what is wrong about sim???)
and "is he a scam? Is he only selling something to newbies?"

You forget all those honest people who trade live and give their knowledge to others, like in every normal profession. Those who like to show others what they are successful in. Those who feel lonely as a trader at home etc.. Those who want to give back. Those who just like to talk.

Of course there are scams and good sellers. But that is the same as in every profession.

I think some of them consider themselfs as good teachers, but they are not (Huddy`s channel trading, a guitar player and he seems to like the sound of his voice more than the sound of his guitar students... sorry, Huddy)

The following user says Thank You to trader2 for this post:
 
(login for full post details)
  #67 (permalink)
 trader2 
Berlin,Berlin
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ninja/CGQ
Trading: CL
 
Posts: 71 since Mar 2010
Thanks: 6 given, 50 received

I like to have a look at all the other posts and charts, but sorry, I will do it at the weekend. Too late now.


The fractals work on every timeframe. Everything works on all timeframes and also on range charts as well.

The following user says Thank You to trader2 for this post:
 
(login for full post details)
  #68 (permalink)
 trader2 
Berlin,Berlin
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ninja/CGQ
Trading: CL
 
Posts: 71 since Mar 2010
Thanks: 6 given, 50 received

If Perry counts every trade his fractals might be the same as Barbara`s are. I will have a closer look to that at the weekend.

I am sure that a good programmer can code everything like Barbara and save the money for the software.
Problem: I am not a programmer. I have to buy it from somebody or I have to find it on a forum.


Again my thoughts about "who is a scam?"
Is a private programmer a scam because he sells his indicators that he uses for his own trading?
Is a violinist from an orchestra a scam because between two rehearsals he makes some extra money teaching a very stupid 10 years old girl 45 minutes of violin because the parents of that girl want that? And the girl never practises at home... so there is no "track record"

 
(login for full post details)
  #69 (permalink)
 Big Mike 
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
 
Big Mike's Avatar
 
Posts: 50,121 since Jun 2009
Thanks: 32,594 given, 98,699 received

trader2, can you confirm you have no association with this vendor or any of its personnel, and are not affiliated with them or their operation in any way?

Mike

We're here to help -- just ask

For the best trading education, watch our webinars
Searching for trading reviews? Review this list

Follow us on Twitter, YouTube, and Facebook

Support our community as an Elite Member:
https://futures.io/elite/

Visit other sites? Please spread the word about your experience with our community!
Follow me on Twitter Visit my futures io Trade Journal
 
(login for full post details)
  #70 (permalink)
 trader2 
Berlin,Berlin
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Ninja/CGQ
Trading: CL
 
Posts: 71 since Mar 2010
Thanks: 6 given, 50 received


I was with Rob Hoffman for 3 months, and I turned that sound off !!
I felt so sorry with him - he was looking for a family... he talked all the time. I could not listen. He was talking about nothing, but such a nice person! Does he make money? I am not interested in that answer.
But I still have a very small chart with his template on my screen. Sometimes I see a pattern, or a barrier.


I was even with puretick.com
They use a kind of cumulative delta like fulcrumtraders do , but I "hate" Alex W. because he only teaches his "inner circle" that does mentorship for another 7500 $ per week everything. Alex trades big contract size and scaling in and out, but he never explains that, even if he could, and for me THAT IS CHEATING.
Taking 350 $ per months from 2nd class clients that pay per month - the "light version of puretick"
and then phone calls, paid per minute, discussions about money management,
and then the mentorship.
He does some kind of volume analysis, AND HE MIGHT BE ON SIM ALL THE TIME. He has a buzzer to call trades, but every 1 lot trader loses his money following that buzzer. Alex laughs at those "newbies" and he says that they just did not watch his videos, that they are lazy traders not watching the videos. But in the videos he just shows some moving averages on some timeframes.
Since I started to be a member of fulcrum I understood a little bit what Alex was probably doing - scaling in , together with the big money, watching the tape, being thousands in the minus, all the time averaging the cost basis using money managing, and all that could just be on sim!!!!!
For me THAT MIGHT BE A SCAM.
He is calling out trades that you cannot follow, and he does never show his DOM.
But they have a nice track record on their website.


Closed Thread

futures io Trading Community Trading Reviews and Vendors > Shadowtraders system. Scam or real? (www.shadowtraders.com)


Last Updated on September 16, 2014


Upcoming Webinars and Events
 

NinjaTrader Indicator Challenge!

Ongoing

BloodHound Fundamentals 101 w/Jeremy Tang @ SharkIndicators

Elite only
 

Our 12-year anniversary w/ $$,$$$ prizes (check soon)

June
     



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada), 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