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Trading with the bots (sceeto.com)
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Trading with the bots (sceeto.com)

  #21 (permalink)
Membership Temporarily Revoked
London, UK
 
Futures Experience: Master
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I find it very useful. One has to understand how to use it and look at it in the right way but is is very valuable in my opinion.

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  #22 (permalink)
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Concord, NH USA
 
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I've subscribed for about a year. Sceeto signals are useful for coordinating entries and exits with the known S/R levels especially as it monitors HFT buying and selling. Also good for counter trend scalp entries and for knowing when consolidation is beginning and ending. It isn't simple but it becomes clear with use. It is important to understand auction theory along with S/R levels to make sense of Sceeto. There is an indicator they sell that has some higher level math for analysis (polynomial regression channels) of the short term trend that is very useful, especially when the market is range bound or beginning to trend. Its called "true data." True data also will display volume at price.
I'm happy with it; also it is real time, not lagging.

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  #23 (permalink)
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bearpondtrader View Post
as it monitors HFT buying and selling

Please demonstrate to me how "it monitors HFT buying and selling".

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  #24 (permalink)
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Big Mike View Post
Please demonstrate to me how "it monitors HFT buying and selling".

Mike

I would like to know that too. I thought their platform was an interesting approach and Carl is very smart and helpful. But I don't know how the software can monitor HFTs. Seems unreasonable. Thanks.

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  #25 (permalink)
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phantomtrader View Post
I would like to know that too. I thought their platform was an interesting approach and Carl is very smart and helpful. But I don't know how the software can monitor HFTs. Seems unreasonable. Thanks.

My point is, it sounds like marketing and not fact based evidence. I have no experience with the product, but I do have experience with how vendors market their products and how purchasers of said products interpret them to do things they are not capable of doing.

Mike

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  #26 (permalink)
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freasno, ca usa
 
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Sceeto borders on questionable at best

Hey guys I wrote a post below, my intention is just to bring to light some opinion of what I gathered from this vendor so I hope no one takes these comments personally, hopefully it will help some less informed newbies in here who may be looking at different systems, strategies and indicator packages make a better fully informed decision when evaluating spending money in this business given the amount of free valuable information one can gather if they put the time in. If anyone wants to troll this post dont bother, if you have an issue with something stated please respond to the post and I will be happy to reply within the futures.io (formerly BMT) guidelines.

Attended a free webinar where Carl is promoting his Beta program special NT8 offer for $1k in which he states the early bird price is just to support the development costs of the product and there is not really any profit in that price...Yes he went there. Which led me to look up some reviews here at futures.io (formerly BMT) to see what the latest consensus was. A friend of mine who works for a prop evaluated the software a couple years back and confirmed Carl seems like a decent person meaning he will try and answer questions on setting up the product and how best to utilize it. That being said he did not subscribe after the trial because he found absolutely no benefit to using it. Does that mean it doesn't work certainly not, it probably has its place among many other useful tools one can acquire for free here on futures.io (formerly BMT) or through other reputable vendors.
When I heard someone ask him about statistical results using Sceeto signals, his response was the heart wrenching, every trader has a different style and they will each have different results, which to me is the ultimate non answer(BS ALARM). I would have respected him more if he had said I just don't know because I ran tests for the past 3 months and they are average at best or I simply don't know because I haven't taken the time to run any type of statistical analysis. I think anyone who understands probabilities and trading knows that results will always be different from different people and even the best strategies/methods are probably going to be in the 50 to 60% range of accuracy but with proper risk/money management is where those numbers increase and separate the consistent trader from the struggling one.

All that being said I did hear him answer someones question regarding taking a trial which he apparently no longer offers...that seems very strange to me? He used to offer it but now stated he cannot offer a trial because he needs to make this project economically feasible for the company and offering a trial would jeopardize that!!!!
He pretty much lost me at that response to someone in the webinar, that is beyond absurd by anyone's standards and I think he lost a lot of credibility on that alone. Like some others posted earlier this system sounds great on paper when you hear a vendor spouting off about HFT and reading Algos seeing what no one else can see almost reminds me of the Wall St code and Haim Bodek. This looks eerily similar to something Barry Taylor has already created in the Better indicators but without all the fluff and false marketing claims. I only mention that because I hear the terms Better Bars and the color candles Sceeto is now promoting and it looked very similar.
In the end I don't believe this system actually has anything to do with HFT at least from the way its presented, vendor may as well say I am looking bid/ask data, tape order flow data or something similar that is easily viewable on any platform. Would a trial make a difference possibly not, most traders will never fully learn a system in a 2wk trial but the issue is when your asking for someone to pony up several hundred dollars or more for an unproven indicator the ethical thing to do is make sure the trader fully knows what he is getting or isn't getting. That is the purpose the trial serves.

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  #27 (permalink)
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Can you post a screenshot?



bearpondtrader View Post
I've subscribed for about a year. Sceeto signals are useful for coordinating entries and exits with the known S/R levels especially as it monitors HFT buying and selling. Also good for counter trend scalp entries and for knowing when consolidation is beginning and ending. It isn't simple but it becomes clear with use. It is important to understand auction theory along with S/R levels to make sense of Sceeto. There is an indicator they sell that has some higher level math for analysis (polynomial regression channels) of the short term trend that is very useful, especially when the market is range bound or beginning to trend. Its called "true data." True data also will display volume at price.
I'm happy with it; also it is real time, not lagging.


Around 5% move the market. 10% try to follow the 5%. The rest provide liquidity.
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  #28 (permalink)
Elite Member
Concord, NH USA
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
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Posts: 32 since Jun 2012
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Sorry guys stopped trading and stopped Sceeto due to family issues. Go back to Mike's comment on 4-4-15. You see what you want to see. Trading the right edge reality of real time is not even close to reviewing the past. Getting back in the saddle without Sceeto..


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  #29 (permalink)
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the post are a little old

there web sight looks out of date... i took a trail a few years back. i found looking at there stuff was not worth the effort even if it were free. the ideas seemed sound, they just did not work. has any one used there service in the last year to review if they have improved any thing

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  #30 (permalink)
Elite Member
Concord, NH USA
 
Futures Experience: Intermediate
Platform: NinjaTrader, Sierra Chart
Broker/Data: Infinity
Favorite Futures: Crude CL
 
Posts: 32 since Jun 2012
Thanks: 46 given, 25 received


I've talked with Carl and they have progressed to something that works, but they are not marketing it; using it for prop trading.


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