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Educators review - Ezprotrading & futuresfx


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Educators review - Ezprotrading & futuresfx

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  #1 (permalink)
San Francisco
 
Experience: Beginner
Platform: Ninja Trader
Trading: ES, TF, GC
 
Posts: 1 since Sep 2011
Thanks: 3 given, 1 received

I just watched webinars from ezprotrading & futuresfx. Has anyone tried their service. I would really appreciate if you can share your experience. Thanks in advance.

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  #3 (permalink)
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  #4 (permalink)
Atlanta, GA USA
 
Experience: Intermediate
Platform: NinjaTrader (eod), Tradestation
Trading: E-Mini Futures, Forex
 
Posts: 17 since Sep 2011
Thanks: 13 given, 7 received

I am also wondering if anyone has any experience with EZ Pro Trading.

On March 6th I watched their 17 minute webinar - and they claimed only one loss out of 277 (ES) trades in the past 6 months.

Twelve month performance: 9 losses in 553 trades. (I guess they only trade the ES).

Anybody here first-hand knowledgeable, good or bad, about EZ Pro?

Thanks, Dennis

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  #5 (permalink)
Chicago, IL
 
Experience: Advanced
 
Posts: 425 since Oct 2009
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DBraun126 View Post
I am also wondering if anyone has any experience with EZ Pro Trading.

On March 6th I watched their 17 minute webinar - and they claimed only one loss out of 277 (ES) trades in the past 6 months.

Twelve month performance: 9 losses in 553 trades. (I guess they only trade the ES).

Anybody here first-hand knowledgeable, good or bad, about EZ Pro?

Thanks, Dennis

Seriously!

I suggest you call this person directly; he is in Tampa.

I did last spring. I also called his autotrading brokerage (his website has branched off and changed).

peace

Hedvig

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  #6 (permalink)
New York, United States
 
Experience: Beginner
Platform: NinjaTrader,TradeStation
Broker: Optimus/Rithmic
Trading: ES
 
Ben16JP2's Avatar
 
Posts: 75 since Oct 2010
Thanks: 179 given, 33 received

I signed up with Mark last week.

I would say that the results on his website are true, but the commissions are not included.
The results on the website says for 4 contracts and that would be true about 75% of the time.
If you trade the method according to the rules about 5% of the time you will have about 24 contracts on the trade at one time. So if you are a one contract trader you will need to have the capacity to be able to trade 6 contracts for this method according to the rules.
Mark also has 2 other trades that he teaches that you can trade just one contract with no add-ons.
There is also life time access to his room where you can see him trade his live account on the protrade setup (showing his DOM)

If you want more information, give him a call.





DBraun126 View Post
I am also wondering if anyone has any experience with EZ Pro Trading.

On March 6th I watched their 17 minute webinar - and they claimed only one loss out of 277 (ES) trades in the past 6 months.

Twelve month performance: 9 losses in 553 trades. (I guess they only trade the ES).

Anybody here first-hand knowledgeable, good or bad, about EZ Pro?

Thanks, Dennis


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  #7 (permalink)
Taipei Taiwan
 
Experience: Advanced
Platform: NinjaTrader
Broker: AMP Clearing
Trading: TW
 
Posts: 693 since Jun 2009
Thanks: 434 given, 461 received


Ben16JP2 View Post
If you trade the method according to the rules about 5% of the time you will have about 24 contracts on the trade at one time. So if you are a one contract trader you will need to have the capacity to be able to trade 6 contracts for this method according to the rules.

Sounds like a martingale strategy. Those usually have very long winning streaks and then very large blowups.

Math. A gateway drug to reality.
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  #8 (permalink)
Atlanta, GA USA
 
Experience: Intermediate
Platform: NinjaTrader (eod), Tradestation
Trading: E-Mini Futures, Forex
 
Posts: 17 since Sep 2011
Thanks: 13 given, 7 received

Thanks to those who have responded.

I was hoping to hear from someone with extensive experience with the EZ Pro approach, but the comments here are informative.

I am intrigued that you may have as many as 24 contracts (4x6) on the trade in some cases. That must mean adding to the trade continually as it goes against your position.

Like I used to do trading Risk Arbitrage (mergers).

In his webinar, the EZ Pro guy said to add to the position after an 8 tick drawdown, ($100 in the ES - and with a -7 point "catastrophic" - $350/contract - stop loss) but never explained going beyond that and adding more contracts to a losing position.

Not to say the strategy isn't workable, but it seems the drawdown would get a lot bigger, unless I'm not understanding something about when and why those additional contracts are added.

Dennis

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  #9 (permalink)
saskatoon, sk
 
Experience: Intermediate
Platform: ninja
Broker: zen fire
Trading: anything that moves
 
Posts: 8 since Mar 2010
Thanks: 9 given, 11 received

enter 4 contracts for 7 point loss 7*50*4=1400
enter 4 contracts for 5 point loss 5*50*4=1000
enter 4 contracts for 3 point loss 3*50*4=600
enter 4 contracts for 1 point loss 1*50*4=200

total contracts = 16 total losses =3200

total win per 1.5 point trade = 300 with 4 contracts

Wins needed to overcome 1 loss would be 11

At 5000.00 per contract in the account you would need 80,000

A loss would be 4% of your account

Dont know if thats how he trades, but it was fun to work out anyway... eh?

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  #10 (permalink)
BRAZIL
 
Experience: Intermediate
Platform: NINJA TRADER
Broker: NINJA TRADER
Trading: RTY, ES, CL
 
traderfranco's Avatar
 
Posts: 40 since May 2010
Thanks: 5 given, 6 received



Maukaya View Post
I just watched webinars from ezprotrading & futuresfx. Has anyone tried their service. I would really appreciate if you can share your experience. Thanks in advance.

Hi,

Take a note the last loss: 12/16 - $4,600 using 4 contracts
It means 4600 / 4 = $1150 per contract = 23 poinst per contract = 92 ticks per contract

Look, how a PROFESSIONAL TRADE allow reach this loss? 92 ticks per contract???? Are they crazy?
That's ridiculous

$4600 loss using for contracts in just one single trade?
What kind of professional is that?

Try to ask them by email. See their answer.

Wish you luck!

If you know a good live room, let me know!

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