Viper AT - Trading Reviews and Vendors | futures io social day trading
futures io futures trading


Viper AT
Updated: Views / Replies:12,240 / 41
Created: by Zoethecus Attachments:34

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you dont need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

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

Reply
 34  
 
Thread Tools Search this Thread
 

Viper AT

  #31 (permalink)
Elite Member
Houston,Tx
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
Thanks: 1,208 given, 4,293 received

IMHO


max-td View Post
hey guys,
maybe we can testdrive + report more of those Autotrader from other vendors out there if someone has them available.

i dont think its meant bad or personal against a special company - its just showing how it really is after a backtest with a special product, theire rules + settings.

and our forum is still free + independend - no adds - no industry-partners - no one to take care for - but the truth.

The following is my personal opinion from personal experience. I do not receive compensation from nor have an interest in any company mentioned nor do I have a personal ax to grind .

There are at least two companies that I am aware of that publish performance statistics of commercial systems.

Attain Capital Management Commodity Trading Systems Rankings | Futures System Trading | Attain Capital Management

Futures Truth
Welcome To Futures Truth Magazine

Automated Systems work up until they stop working. Depending on when you measure performance, the same system can look like a winner or a loser. I have never seen one that continued to perform over any extended periods.

If a system vendor offers you a free trial, offer them a better deal, they provide you with their system, train you how to use it and you will split the trading profits with them. See how many accept your offer.

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
Reply With Quote
 
  #32 (permalink)
Elite Member
Studio City CA
 
Futures Experience: Beginner
Platform: ninjatrader
 
Pava's Avatar
 
Posts: 46 since Jan 2010
Thanks: 0 given, 8 received

...

I lived in a bunker like compound underneath the earth surface for a few years...those were the best days of my life...you cannot imagine what a complete silence does to your nervous system...

Reply With Quote
 
  #33 (permalink)
Market Wizard
Houston, TX
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Optimus Futures
Favorite Futures: 6E
 
TheWizard's Avatar
 
Posts: 1,711 since Jun 2009
Thanks: 509 given, 4,072 received



Pava View Post
I lived in a bunker like compound underneath the earth surface for a few years...those were the best days of my life...you cannot imagine what a complete silence does to your nervous system...

I could sure use some of that! How do I get there from here? Do they rent by the day, week, month or year (ha ha). Getting older & running a retail biz takes its toll on the nervous system and I don't drink, so my options are very limited. Do you miss it?

After all, it's what you learn AFTER you know it all, that counts!
Reply With Quote
 
  #34 (permalink)
Market Wizard
virginia
 
Futures Experience: Intermediate
Platform: ninja
Favorite Futures: ES
 
cory's Avatar
 
Posts: 5,215 since Jun 2009
Thanks: 628 given, 6,312 received


Zoethecus View Post
Another member asked me to post yesterday's results for ViperScalperTF. The parameters were set exactly as recommended by Rich Staiton and set forth in the above post on this instrument.

TF hit the max loss for the day.

aww c'mon did you consistently flip their charts up side down or what.

Reply With Quote
The following user says Thank You to cory for this post:
 
  #35 (permalink)
Elite Member
Studio City CA
 
Futures Experience: Beginner
Platform: ninjatrader
 
Pava's Avatar
 
Posts: 46 since Jan 2010
Thanks: 0 given, 8 received

...


TheWizard View Post
I could sure use some of that! How do I get there from here? Do they rent by the day, week, month or year (ha ha). Getting older & running a retail biz takes its toll on the nervous system and I don't drink, so my options are very limited. Do you miss it?

It was a long time ago and far far away...yes I am missing the feeling of well being and peace of the place....

Reply With Quote
 
  #36 (permalink)
Membership Revoked
United States of America
 
Futures Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
Thanks: 262 given, 471 received


ThatManFromTexas View Post
The following is my personal opinion from personal experience. I do not receive compensation from nor have an interest in any company mentioned nor do I have a personal ax to grind .

There are at least two companies that I am aware of that publish performance statistics of commercial systems.

Attain Capital Management Commodity Trading Systems Rankings | Futures System Trading | Attain Capital Management

Futures Truth
Welcome To Futures Truth Magazine

Automated Systems work up until they stop working. Depending on when you measure performance, the same system can look like a winner or a loser.I have never seen one that continued to perform over any extended periods.

If a system vendor offers you a free trial, offer them a better deal, they provide you with their system, train you how to use it and you will split the trading profits with them. See how many accept your offer.

My guess is enough to fill the hole of a donut.

Reply With Quote
 
  #37 (permalink)
Membership Revoked
United States of America
 
Futures Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
Thanks: 262 given, 471 received


cory View Post
aww c'mon did you consistently flip their charts up side down or what.

It's uncanny, isn't it?

Looks like the perfect system to fade.

Reply With Quote
The following user says Thank You to Zoethecus for this post:
 
  #38 (permalink)
Elite Member
Mobile US
 
Futures Experience: Beginner
Platform: NT
Broker/Data: Zen-Fire
Favorite Futures: CL
 
Posts: 20 since Mar 2010
Thanks: 31 given, 11 received

Zoe,

I'm embarassed to admit I was a subscriber to the ViperAT for a couple of months. I appreciate your research and evaluation - only wish I had found your posts prior to subscribing. In the event anyone else posting here - who has not actually used the autotrader strategies live - doubts the validity of your evaluation and observations, I can assure you that I am in full agreement with your conclusions.

Reply With Quote
The following 3 users say Thank You to Dagonet for this post:
 
  #39 (permalink)
Just starting out...
Annapolis, MD
 
Futures Experience: Beginner
Platform: Ninja
Broker/Data: Mirus
Favorite Futures: Futures
 
Posts: 23 since Mar 2010
Thanks: 5 given, 5 received

A Debt of Gratitude

Thank you Zoe for you fine review of Viper Trading Systems. I too was a subscriber to their Viper and then autotrading software. Although I did well in the initial two months after release of TF it soon fell apart in Dec and has been downhill ever since. The other products are crap also. Thankfully I was in sim on everything except TF in the beginning.

What angers me the most was no guidance as to when these ATer's should be used, other then big news days. Do we look at pre-market, last 5, 10 or 30 days, etc. Paying $299 + $99 should garner more guidance then just don't trade on certain days. I can do better playing craps.

Their latest products, Scalper and AutoassistCrap, are doomed also. Take a close look at the spreadsheet they sent out for Scalper and you will find the risk/reward ratio is very poor.

The initial Viper System I find somewhat useful. For me. it makes sense visually and can be downloaded for free at MyPivots.com (another great site!). I am playing with other indicators and will report back if there is anything worthwhile.

Attached Files
Register to download File Type: xlsx ScalperGuidanceSheet(1).xlsx (13.5 KB, 53 views)
Reply With Quote
The following user says Thank You to jgreene for this post:
 
  #40 (permalink)
Membership Revoked
United States of America
 
Futures Experience: Advanced
Platform: NT
 
Posts: 1,149 since Aug 2009
Thanks: 262 given, 471 received



jgreene View Post
Their latest products, Scalper and AutoassistCrap, are doomed also. Take a close look at the spreadsheet they sent out for Scalper and you will find the risk/reward ratio is very poor.

The AT systems using Viper's official guidance have an average win rate between 50-56%, which is nowhere near what they need to be profitable with those risk/reward numbers, the best of which is 6/5 or risk $120 to make $100. (And that is before the rake of commissions and a $299 monthly fee.)

A trading system with a negative risk/reward is analogous to "laying" odds 100% of the time as if betting on a favorite in a sporting event. It will lead to ruin in short order.

Attached Files
Register to download File Type: xls ScalperGuidanceSheet.xls (39.0 KB, 28 views)
Reply With Quote

Reply



futures io > > > Viper AT

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Linda Bradford Raschke: Reading The Tape

Elite only

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

January

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Viper Trading Systems Indicator jsengxx Trading Reviews and Vendors 237 August 6th, 2017 11:04 PM
Viper Trading System msedlak40 Trading Reviews and Vendors 3 August 8th, 2011 12:05 PM
Viper has a "order entry strategy" that you can use to enter and exit. rcr3908 NinjaTrader 2 April 30th, 2011 06:20 PM
Viper Trading Systems? mtntrader Trading Reviews and Vendors 3 February 8th, 2011 10:23 PM


All times are GMT -4. The time now is 07:09 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, 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
Page generated 2017-12-11 in 0.13 seconds with 20 queries on phoenix via your IP 54.92.194.75