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eministrategies.com

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  #1 (permalink)
 daydaxer 
Madrid/Spain
 
Experience: Beginner
Platform: NinjaTrader
Broker: Interactive Brokers/Kinetick
Trading: FDAX
 
Posts: 16 since Mar 2012
Thanks: 3 given, 6 received

Hi all,

I found this vendor, and they seem to have very good results on the emini... but unfortunately they charge upfront around $4000 for their system, and they don't seem to have a trial period... so it looks a bit suspicious...

Does anyone have some feedback on them?

Cheers,
David.

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  #3 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, SC, ToS
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,135 since Jul 2011
Thanks: 2,388 given, 1,726 received


Looks like a well polished website. Their staff roster even had a web designer on it.

They say their indicators aren't lagging. There's no direct link to purchase the product?
Nice looking testimonials.


checking the disclaimer:
"ALL RESULTS SHOWN ARE HYPOTHETICAL, NOT ACTUAL RESULTS."

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  #4 (permalink)
 topsteprs 
Sandwich MA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: NQ
 
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Posts: 22 since Jun 2009
Thanks: 3 given, 6 received

I used a free demo several months ago. The performance was truly awful for the reversal system. The other systems were not available at that time. Curiously the vendo thought he was doing well. I don't recall the actual performance stats.

For any system such as this I would insist on testing before buying.

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  #5 (permalink)
 researcher247 
Chicago, IL
 
Experience: Advanced
 
Posts: 426 since Oct 2009
Thanks: 255 given, 751 received

Don't bother,

Here is why:

I called him for fun on a Friday (I am always BORED on a Friday right after trading). I took some of my Green Dragon THC Tincture and then 'interviewed' him.

I am a 27+ year full-time swing and daytrader. I know how to 'vet' any vendor on the phone and KNOW with 90% certainty if

a) he/she is full of sh*t
b) knows 'things'
c) shows promise

Don't go there. Highly hypothetical and limit 'entries' (or market w/slippage) and 'assumed' exit fills on 100% of targets.

Although vendor was a nice guy and freely admitted this is a product (all of his products) for newbies.

Finally, he said about 50% of hypothetical performance was 'do-able'--however, when pressed he admitted that was a 'guesstimate' and that he would (if/when trading real money) would trade to a profit GOAL each day and then STOP.

That my friends, is a method that has large amount of win & loss (consecutive) cycles that can be very streaky.

No thanky.

peace

hedvig

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  #6 (permalink)
 sam028 
Site Moderator
 
 
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Posts: 3,669 since Jun 2009
Thanks: 3,789 given, 4,505 received

I don't know anything of the quality of the bot, but one of my VPS customers wanted to use them on a VPS, and it seems they still using the Machine ID to generate their license key, and were not aware of NT7 3rd Party licensing functions (which is "only" 2 years old), and aware of the well know fact that multiple machines can have the same Machine ID...
So, at least on simple Ninja technical aspects, it's seems they are not good.
And I'm not writing this because they didn't found usefull or answer to my civilized email, explaining them the 3rd party licensing stuff .

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  #7 (permalink)
 daydaxer 
Madrid/Spain
 
Experience: Beginner
Platform: NinjaTrader
Broker: Interactive Brokers/Kinetick
Trading: FDAX
 
Posts: 16 since Mar 2012
Thanks: 3 given, 6 received


Cloudy View Post
Looks like a well polished website. Their staff roster even had a web designer on it.

They say their indicators aren't lagging. There's no direct link to purchase the product?
Nice looking testimonials.


checking the disclaimer:
"ALL RESULTS SHOWN ARE HYPOTHETICAL, NOT ACTUAL RESULTS."

Well, certainly anybody can get a nice CMS template and build a site in five minutes, so that doesn't give me a lot of confidence... but I though the disclaimer was a standard one. and the videos the posted looked promising.

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  #8 (permalink)
 daydaxer 
Madrid/Spain
 
Experience: Beginner
Platform: NinjaTrader
Broker: Interactive Brokers/Kinetick
Trading: FDAX
 
Posts: 16 since Mar 2012
Thanks: 3 given, 6 received


topstep View Post
I used a free demo several months ago. The performance was truly awful for the reversal system. The other systems were not available at that time. Curiously the vendo thought he was doing well. I don't recall the actual performance stats.

For any system such as this I would insist on testing before buying.

I asked them for a trial period, and they don't seem to offer it any more.

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  #9 (permalink)
 daydaxer 
Madrid/Spain
 
Experience: Beginner
Platform: NinjaTrader
Broker: Interactive Brokers/Kinetick
Trading: FDAX
 
Posts: 16 since Mar 2012
Thanks: 3 given, 6 received


researcher247 View Post
Don't bother,

Here is why:

I called him for fun on a Friday (I am always BORED on a Friday right after trading). I took some of my Green Dragon THC Tincture and then 'interviewed' him.

I am a 27+ year full-time swing and daytrader. I know how to 'vet' any vendor on the phone and KNOW with 90% certainty if

a) he/she is full of sh*t
b) knows 'things'
c) shows promise

Don't go there. Highly hypothetical and limit 'entries' (or market w/slippage) and 'assumed' exit fills on 100% of targets.

Although vendor was a nice guy and freely admitted this is a product (all of his products) for newbies.

Finally, he said about 50% of hypothetical performance was 'do-able'--however, when pressed he admitted that was a 'guesstimate' and that he would (if/when trading real money) would trade to a profit GOAL each day and then STOP.

That my friends, is a method that has large amount of win & loss (consecutive) cycles that can be very streaky.

No thanky.

peace

hedvig



Thanks a lot for your research, you are truly a "researcher247"
This kind of help is exactly what makes futures.io (formerly BMT) a great place.
Thanks again!!

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  #10 (permalink)
 researcher247 
Chicago, IL
 
Experience: Advanced
 
Posts: 426 since Oct 2009
Thanks: 255 given, 751 received



daydaxer View Post
Thanks a lot for your research, you are truly a "researcher247"
This kind of help is exactly what makes futures.io (formerly BMT) a great place.
Thanks again!!

--------------
You know what; I am awesome, I decided!!

j/k

No worries; it is what I have to give.

peace

hedvig

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  #11 (permalink)
 aircal 
Keller, TX USA
 
Experience: Intermediate
Platform: Tradestation, NinjaTrader
Trading: YM, ES, CL
 
Posts: 42 since Sep 2010
Thanks: 1 given, 38 received

Watch the videos for the 'Reversion Strategy'.

Now take a ES 2 range chart and put a Keltner channel on it. When price exceeds a certain value of the ATR, the system issues an entry signal towards the middle of the channel in hopes price will revert to the mean (hence the strategy name). Exit when price hits the opposite channel.

As most of us know, price does not always reverse at the Keltner channel - the system gets killed on a strong trend day.

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  #12 (permalink)
 dario1 
Ontario, Canada
 
Experience: None
Platform: NT
Broker: IB
Trading: gold
 
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Posts: 405 since Jan 2012


daydaxer View Post
Hi all,

I found this vendor, and they seem to have very good results on the emini... but unfortunately they charge upfront around $4000 for their system, and they don't seem to have a trial period... so it looks a bit suspicious...

Does anyone have some feedback on them?

Cheers,
David.

just give the 4k to charity -- at the end you'll feel much better

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  #13 (permalink)
 Trader Duck 
Fairbanks, Alaska
 
Experience: Intermediate
Platform: Ninja Trader, Nexgen T-3 Fibs Pro Trader (Love Them!)
Broker: AMP/CQG & Kinetic
Trading: CL
 
Trader Duck's Avatar
 
Posts: 69 since Jun 2010
Thanks: 130 given, 76 received


daydaxer View Post
Hi all,

I found this vendor, and they seem to have very good results on the emini... but unfortunately they charge upfront around $4000 for their system, and they don't seem to have a trial period... so it looks a bit suspicious...

Does anyone have some feedback on them?

Cheers,
David.

I got a call from an eministrategies sales man and looked at their site. I watched a couple of videos. I think I recognized Murrey Math lines on their chart and a simple oscillator. They are charging for this stuff hoping someone with no experience comes by and buys it I suppose. Then, I got a couple of charts from them and compared thier entries to my chart. Their entries were crude to me. I'd say my trading system, using Nexgen combined with New Futures Trading ideas, is far better. I went to the Nexgen site this week and see that their indictors are now at a reduced price of just under $5,000. I'm shocked they went that low. I think your money would be better spent with Nexgen at this price. I paid three times that and I still think I got value.
-DUCK-

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  #14 (permalink)
 berbeshter 
Miami, FL
 
Experience: Beginner
Platform: NinjaTrader
Trading: ES, NQ
 
Posts: 17 since Dec 2012
Thanks: 15 given, 4 received

I get emails every once in a while from this vendor. They charge a lot of money for use of their indicators, over 9000 for both I believe. They claim that the indicators they use are not lagging and are proprietary. I know a couple of you have offered theories as to what the indicators are, so I thought I'd post a picture of the 'reversion strategy.' I am not a client of eministrategies, and the snapshot below is from one of the videos posted on the eministrategies website. Does anyone recognize the indicators?


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  #15 (permalink)
 cory 
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
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Posts: 6,041 since Jun 2009
Thanks: 854 given, 7,910 received

try these

Attached Thumbnails
Click image for larger version

Name:	ES 03-13 (1 Momentum No-Gap)  12_27_2012.jpg
Views:	420
Size:	87.3 KB
ID:	98133  
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  #16 (permalink)
 tamerrashdan 
New York
 
Experience: Beginner
Platform: NT
Broker: AMP/CQG
Trading: ES
 
Posts: 124 since Oct 2011
Thanks: 14 given, 76 received

Attached are 6 screenshots for the strategy running in realtime with AMP CQG feed covering 24 hours
Results after commissions: +$582.5
I put the down payment and making monthly payments now and wanted to share with everybody the results
And no, I didn't get paid by them and don't think they'll even like me posting here but I just like to show the strategy here for everybody to see






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  #17 (permalink)
 tamerrashdan 
New York
 
Experience: Beginner
Platform: NT
Broker: AMP/CQG
Trading: ES
 
Posts: 124 since Oct 2011
Thanks: 14 given, 76 received

Down $400 since 09:15 AM yesterday
Very bad live performance unlike sim trading

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  #18 (permalink)
 tamerrashdan 
New York
 
Experience: Beginner
Platform: NT
Broker: AMP/CQG
Trading: ES
 
Posts: 124 since Oct 2011
Thanks: 14 given, 76 received

Down $700 in 50 hours
I had to stop the strategy
it's running in sim side by side with the live account and showing some profits

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  #19 (permalink)
 MWinfrey 
Lubbock TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Stage 5 Trading
Trading: CL
 
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Posts: 1,880 since Jul 2009
Thanks: 1,450 given, 3,325 received


tamerrashdan View Post
Down $700 in 50 hours
I had to stop the strategy
it's running in sim side by side with the live account and showing some profits

if you are experiencing completely different results live versus sim then imo their strategy is very flawed. They should have the same trades with the exception of slippage. When I see that sort of behavior I see it as a bad design.

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  #20 (permalink)
 MWinfrey 
Lubbock TX
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Stage 5 Trading
Trading: CL
 
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Posts: 1,880 since Jul 2009
Thanks: 1,450 given, 3,325 received

Let me say it this way, historic, sim, and live should have the same trades with the exception of slippage.

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  #21 (permalink)
 tamerrashdan 
New York
 
Experience: Beginner
Platform: NT
Broker: AMP/CQG
Trading: ES
 
Posts: 124 since Oct 2011
Thanks: 14 given, 76 received

Made 800 in 10 trading days and lost 1100 on Friday and today and I stopped it
All real money
I give up on automated trading

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  #22 (permalink)
 Poopie 
Dallas,Texas United States
 
Experience: Intermediate
Platform: Thinkorswim,Ninja
Trading: es
 
Posts: 4 since Jul 2013
Thanks: 3 given, 0 received

Does anyone know what happened to Jason and the Hybrid Strategy?

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  #23 (permalink)
 tamerrashdan 
New York
 
Experience: Beginner
Platform: NT
Broker: AMP/CQG
Trading: ES
 
Posts: 124 since Oct 2011
Thanks: 14 given, 76 received

The Hybrid Strategy worked for some time then stopped as expected
It enters on MACD which is the Momentum Strategy exit indicator
No idea what happened to Jason
George moved on to another project.....37Breakout
»
Be careful

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  #24 (permalink)
 tturner86 
Elite Member
Portland, Oregon
 
Experience: Intermediate
Platform: F-16CM-50
Trading: GBU-39
 
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Posts: 6,172 since Sep 2013
Thanks: 10,456 given, 12,604 received


tamerrashdan View Post
The Hybrid Strategy worked for some time then stopped as expected
It enters on MACD which is the Momentum Strategy exit indicator
No idea what happened to Jason
George moved on to another project.....37Breakout
»
Be careful

Kudos to you. I don't think I would have spent the money to try the system. Thank you for posting your results.

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  #25 (permalink)
 supermht 
Naperville IL
 
Experience: Intermediate
Platform: ninjatrader
Broker: NT broker
Trading: NQ ES 6E GC CL
 
Posts: 958 since Feb 2010
Thanks: 1,189 given, 658 received

I never subscribe it, but I got email every 6 hours,

so George, please don't send me email anymore. thanks

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  #26 (permalink)
 tamerrashdan 
New York
 
Experience: Beginner
Platform: NT
Broker: AMP/CQG
Trading: ES
 
Posts: 124 since Oct 2011
Thanks: 14 given, 76 received

Well, at first he marketed the new strategy for trading 2 ES contracts but now he publishes results for THREE CL contracts
I guess the new strategy stopped working for ES
Soon he will publish results for another futures instrument

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  #27 (permalink)
 tamerrashdan 
New York
 
Experience: Beginner
Platform: NT
Broker: AMP/CQG
Trading: ES
 
Posts: 124 since Oct 2011
Thanks: 14 given, 76 received

George Mahshigian just closed shop and moved on to his next scam Trade2Live
Eministrategies was a huge scam that caused alot of naïve people like me to lose 1000's of dollars

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