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Rockwell Trading - www.rockwelltrading.com (review)


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Rockwell Trading - www.rockwelltrading.com (review)

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  #1 (permalink)
 BeachTrader 
San Diego
 
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I understand that Rockwell Trading has been around quite a few years, but couldn't find any threads about their services. I am doing the 1 week trial for $7. So far so good - I am up following their early morning trades. They do trade their live accounts right in front of you which I like. After the trial period expires, then the service goes to $97 per month if I decide to stay. Does anyone have any experience with them? Thanks!

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 jlee6x3 
Vancouver, BC, Canada
 
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Thanks for starting this...I haven't tried them but I have heard of them and I'd be interested to see how your trial goes.

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  #4 (permalink)
 cory 
the coin hunter
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get their spam daily pray that you don't get on their mail list.

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  #5 (permalink)
 vegasfoster 
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BeachTrader View Post
I understand that Rockwell Trading has been around quite a few years, but couldn't find any threads about their services.

Hopefully it all works out, but I'm thinkin you answered your own question.

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  #6 (permalink)
 Cloudy 
desert CA
 
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"Fritz" at elitetrader.com has exposed them and has a blog about it:

Scam rockwelltradingscam

July update: https://rockwelltradingscam.wordpress.com/home/

Forums - A list of all scam unregulated 3rd party educational vendors

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 BeachTrader 
San Diego
 
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I saw that Cloudy. However, I was wondering if anyone here at futures.io (formerly BMT) has tried them within the last year? For example, they now trade live right in front of you which I don't think they did several years ago when the guy with the scam blog was there. Anyway, for $7 it is worth a peak for me. No biggie if it doesn't work out.

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 Cloudy 
desert CA
 
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Ninjatrader Partner Webinar Friday 8/3/2012

Rockwell Trading 4:15 PM EDT learn more | attend | reminder
Markus Heitkoetter - A Powerful Day Trading Strategy

NinjaTrader Partner Spotlight Presents Rockwell Trading

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  #9 (permalink)
 BeachTrader 
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Well this first week went well for me. I ended the week with a good gain. I focused more on the Fib Trades than the scalp trades because of the reverse reward to risk in the scalp trades. However I did take a couple of scalp trades in the ES and used a smaller stop and won those. But that is not how they do it. Anyway, I decided to sign up for the $97 per month and give it another month. I am also interested in learning Profile trading so I'm not sure how long I will be here.

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 jet9jockey 
Grand Forks ND
 
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I was thinking of trying out their room now I might give it a try. Keep us updated if your experience changes.

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 jet9jockey 
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@BeachTrader

How is it going with rockwell?

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  #12 (permalink)
 BeachTrader 
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Hi, last week was tougher trading. I ended up down for the week, but I didn't take all their trades (-$300 for the week for my trades). Monday I ended the day profitable (+$210 trading 1 contract). I think I understand their system now - it's pretty straight forward so I don't need to renew the room after this month. But I really am not a fan of scalping which they do a lot of. I think I had mentioned earlier that I wanted to explore market / volume profile too so I am exploring education on that as I think I that will help me stay in trades longer.

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 Cloudy 
desert CA
 
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I was curious about the live trading, I tried a trial myself. They did say they traded a 20k account live, but who knows.. And I don't use Trade Navigator. But they do show their DOM and orders now. Actually they had two open house days last Wed. and Thurs. Wed. they had 2 or 3 losses in a row amounting to -1400. Then maybe they were positive +150 on Thurs. They said the losses were within their overall risk expectancy. Then I started a trial today. Still no trades as of now. (Update: They had a 3-tick winner in the ES using 3 car.) Their scalping strategy is scary, multiple contracts for 3-4 ticks and 16-20 tick stop loss depending on instrument. It sounded like they had a losing week last week. They said as the market is very slow the last week or so they look for small scalp "Seahawk" trades as they can if there are no big "fib trades", "boomerang" setups. They have three moderators that take turns hosting about one third of the time each of the five hour session. Big range bars compose their charts. Without using volume (footprint?) or any other tools/indicators, and no MAs, personally I don't see how they can gauge good trades without more history of price action particularly without candlestick bodies. It seems their indicators and setups details are available with certain packages. Special for lifetime package was $1250 last week. I did not trade their trades but instead did my own trades while their room is on. They do have good awareness of news events and have a pre-market summary of news and their plans. I like their room-only price of $97/month. But have no interest in their setups or package currently. Screenshot of their room:

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 BeachTrader 
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They had offered a special the week I signed up where I got the Ultimate Day Trading system (web version only + Ninja indies) included in my $97 per month room price. So I have only paid them $97 for the whole package. I don't know how often they offer that special.

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 dario1 
Ontario, Canada
 
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BeachTrader View Post
I Does anyone have any experience with them? Thanks!

Not really



cory View Post
get their spam daily


but through Markusí spam I get a lot of valuable info that elsewhere Iíll probably have to pay for it.

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 dadof3and3 
New Braunfels, Texas
 
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How early do they start trading (central time) ?

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 Cloudy 
desert CA
 
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They always start 15 minutes before the NYSE open. I'm out of their trial now. I just wasn't impressed with their trading methods.

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  #18 (permalink)
MJ888
Houston, Texas
 
 
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About a month ago I stumbled onto Rockwell Trading. I liked what Markus Heitkoetter said about keeping trading simple, especially his Simple Strategy. I like how he used range bars to signal his entries plus I like how these trades have a profit target of $300 and a stop loss of $200. Which means that I only need to be right on 50% of my trades and still come out ahead. All pretty good stuff I thought, so I joined the Daily Rockwell Trading Room............

I have been with the Rockwell trading Room for about 4 weeks now and I must say that I am disappointed. I am seriously considering cancelling when my subscription ends. For some reason, they have stopped using the Simple Strategy and is instead pushing the Fibonacci Expansion/Retraction strategy. I find this setup to be somewhat confusing. First you have to identify a pattern, then you need to draw the Fibonacci setup on your chart, then place your order and then have to figure out where to put your stop loss and profit taking orders once you are filled. Too much to deal with in fast moving futures markets! Even the moderators have had issues figuring out where to place stops and profit taking orders. So what happened to simplicity Markus? While they were fussing over drawing the Fibonacci setup, many Simple setups that would have been profitable were missed, bypassed or maybe even ignored.

As one other person commented earlier, I too think Rockwell's Seahawk Scalping Strategy is scary! They use two separate set-ups each in trying to scalp ES and 6E (Euro futures). And they are now only going long. They said that their testing indicates that going long has provided a better result then going short.

With ES one setup is to go long 3 contracts, with a stop loss of 12 ticks (-$450) and with a profit target of 3 ticks (+$112.50).

Their second ES setup is to go long 2 contracts, with a stop loss of 16 ticks (-$400) and a profit target of 4 ticks (+$100).

With 6E one setup is to go long 3 contracts with a stop loss of 12 ticks (-$450) and a profit target of 3 ticks (+$112.50).

Their second 6E setup is to go long 2 contracts with a stop loss of 20 ticks (-$500) and a profit target of 5 ticks (+$125).

The moderators at Rockwell claims that these Seahawk setups have a winning percentage of over 87%. For the past several weeks, I followed about 95% of their Seahawk trades in my own account. Out of the 49 trades that I took, I was profitable on 36 and I lost with 13. You would think that with a 36-13 record, I would be showing a nice profit but I am not. I am showing a loss of $1,088 and with commissions added in, I am down $1,600.26.

I have several issues with Rockwell's Seahawk setups:

1) The risk to reward ratio is backwards! For every loss I would need 4 wins to just break even and to be profitable I would need 5 wins for every loss. Shouldn't this ratio be the other way around?

2) I am not comfortable using a similar setup twice in the SAME market at the same time. On a strong pullback I can easily be long 5 contracts of ES or 6E with very similar stop loss points. And should either market make a very strong move against me, I would have two quick losses of $400+ each. Then I would need 8 wins just to break even!

3) With this setup, it appears that they are chasing the market because the entry points are constantly being adjusted higher as ES and/or 6E moves higher. There are times where I had to adjust my entry higher 6,7,8,9 times before a pullback finally occurred resulting in a fill. My concern is that when 6E and especially ES pulls back after rallying higher, the move back down is often strong and violent. With this setup, I would be filled twice in the same market and if the pullback continues against me, I will be stopped out twice just as quickly.

About two weeks ago, another member in the trading room asked Markus if he was chasing the markets with these Seahawks setups. Markus got upset and boldly and loudly said this is not chasing! But he never addressed the questioner's concerns.

I too have voiced my concerns about the Seahawk Strategy, the only reply I got was "based on our extensive testing, we concluded that these setups are the most favorable." That's it. They never addressed my concerns again.

I wonder how others feel about Rockwell Trading?

MJ888

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 Cloudy 
desert CA
 
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MJ888. Sorry for your losses in the room. Yes, thanks for posting more detailed analysis of your trading following the Rockwell trades.

Your reported win/loss of the seahawk trades is 73%. Not nearly enough to be at the 95% the seahawk
strategy probably needs to truly offset the losses and also be a profitable and not just breakeven strategy.
And many times they had another trade setup limit order right under the seahawk stop which just looked like doubling-down on a loser which could quickly get worse if all it did was catch a big new short trend.
(Do they even use or mention the oscillators at the bottom of each chart, i.e. the macd and stochs there?)

And I just don't see how price action can be precisely gauged on big range, currently changing OHLC bars to set up a fib retracement and extension entry and target. Even a plain line chart would be more effective.

Anyways, too many problems and I couldn't believe in their methods anymore.

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 Paul L 
New York City
 
Experience: Intermediate
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There is nothing new about trying to scalp for a few ticks with a wide stop loss. This can be a very exciting strategy for newbies(because of all the winners) but the math will never work(as MJ88 has figured out). Its funny that they even have a name for it(sea hawk strategy), this makes me laugh. The math evolved in trading is basic arithmetic for the most part. If the basic math doesn't add up it aint going to work

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MJ888
Houston, Texas
 
 
Posts: 165 since Sep 2012
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Yes, the winners were indeed very exciting because when I was filled, the position quickly hit my profit target for a gain of 3, 4 or 5 ticks depending on the setup used. And having a lot of winners is a good thing but posting a loss when I won 73% of the time is not acceptable as far as I am concerned. I can lose $1,600 in Vegas and have a hell of a lot more excitement, free drinks, and maybe even a lap dance!

Looking back at some of Rockwell's older youtube broadcasts, I have found that they have changed their setups several different times. Their older Seahawk setup had both short and long entries and I think it was based on an eight tick range bar. That tells me that whatever they were using back then didn't work so they had to change it. While it is a good thing that they are willing to change when something doesn't work, trying to sell something that doesn't give a real return is not a good thing. It gets old FAST.

The past few sessions, the moderators have decided NOT to use the Seahawk Strategy much. Again they are trying to push the Fibonacci setup but this has resulted in very very very few trades, making the room pretty boring.

It's weird because during the few hours that the room was open, I used Rockwell's Simple Strategy to place trades in GC, CL, and ZC and I was profitable on all of those trades. But for some reason, these setups were not mentioned by any of the moderators. So I really have to wonder what are they trying to do? They draw the setups on the charts and then usually "talk" themselves out of placing the trade.

MJ888

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 BeachTrader 
San Diego
 
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What attracted me to Rockwell initially was their Simple Strategy and their Fib Strategy. I don't like scalping with such a negative risk to reward. Maybe they are concerned with the room becoming "boring" as they need to keep it moving to attract new members. Anyway, I just did the room for one month and did not renew.

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  #23 (permalink)
 Paul L 
New York City
 
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BeachTrader View Post
What attracted me to Rockwell initially was their Simple Strategy and their Fib Strategy. I don't like scalping with such a negative risk to reward. Maybe they are concerned with the room becoming "boring" as they need to keep it moving to attract new members. Anyway, I just did the room for one month and did not renew.

There simple strategy looks like winner. I wonder why they have deviated from it

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MJ888
Houston, Texas
 
 
Posts: 165 since Sep 2012
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I too was initially attracted to Rockwell Trading after watching their tutorials on how to use the Simple Strategy using range bars. But after joining their trading room, I found out that they hardly use it.

For the past week or so, I decided to use the Simple Strategy to place trades in CL, GC, YM, and the grains. It really is a "trend is your friend" type of strategy. I had some winners and some losers but my results were way more stable than when I was using the Seahawk Scalping Strategy. I jumped in when something was trending, used a 30 tick profit target with a 20 tick stop. So even if I ended the day with a 50% success rate, I was able to come out profitable. And when I took a loss, I would not need 5+ winning trades just to break even.

I have the Rockwell Trading room on in the background while I am taking these Simple Trades but for whatever reason, the moderators hardly ever get in on these trades instead they are busy drawing all over the charts with the Fibonacci setups.

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 djkiwi 
Mercer Island WA
 
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Guys, the only people getting wealthy trading the rockwell trading system is rockwell trading. At best it's a gimmick, at worst it's a scam. The odds of mid to long term profitability employing any of their strategies are close to zero. I've tested them out in detail and several derivations with my own systems. If you have a $10k account using these strategies the odds are you will trade it to zero in short order.

I mean look at one strategy the "seahawk strategy". I live up here in Seattle and the Seahawks never win so why would I trade that!

All the tools and information you need to trade profitably are here at this site. This is the best trading resource in the world.

Cheers
DJ

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 Lmess 
San Antonio, TX
 
Experience: Intermediate
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I was in their live trade room about a year and a half ago. They were trading their scalping strategy....I can't remember the name. Basically they had an 8 tick range chart of the ES and they would place a short at where a new bar would open at the highs and a long at where a new bar would open at the lows of the current bar. They would risk 8 ticks to make 2. They used 16 tick range for 6E and 4 tick range for ZB. Their target was always 25% of their risk and the risk was the same size as the range of the bars. With that said, he had a couple of winners in the ES and 1 in ZB and a bunch of losers. He ended the day somewhere around $500 in loss. At that point in time, I unsubscribed from their mailing list and only watched their infinity webinars for fun, to see them lose money while trading live. I remember now, the name of the strategy was the "Seahawk Strategy".

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 kingk 
Toronto, Canada
 
Experience: Advanced
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Trading: FUTURES:Anything Fast Paced
 
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Like a dummy when I FIRST started trading I paid for a subscription after seeing one of their webinars. What people have said is correct. It was a 2 tick profit target with a 5-9 tick loss (4/8 range bar + 1 or 2 ticks)

The whole time he kept saying this isn't a sales pitch but was selling. First 10 people to sign up get this...like a dope I did it and didn't make the cut of 10. Think around 100-500 people in that room. He was even selling his platform showing why it works better for the method and you should do it.

Out of PURE luck they made money that day and that's why I joined. After quickly realizing it was a scam I canceled my membership.

I still receive mass spam from them constantly selling things.

P.S. they trade 1 lot only

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