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Woodies CCI Bot


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Woodies CCI Bot

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  #1 (permalink)
 gg80108 
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Anyone check out Woodies CCI lately,,looks like he is in the bot business.. don't know if its real or memorex. WBAT Different Models - available for live lifetime license holders - MicroTrends's library
any comments?
Don

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 vegasfoster 
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I would highly recommend you sim woodies for a while and see how that goes before you buy anything.

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 SarahKrantz 
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Doesn't appear as though free trials are offered and this thing is awfully expensive.

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 sam028 
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vegasfoster View Post
I would highly recommend you sim woodies for a while and see how that goes before you buy anything.

I would highly recommend you to not spend time on woodies's stuff, it's a waste of time.
He's been in business for so many years, if something was good in what he is selling, I think we should be aware of it since years!

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 vegasfoster 
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sam028 View Post
I would highly recommend you to not spend time on woodies's stuff, it's a waste of time.
He's been in business for so many years, if something was good in what he is selling, I think we should be aware of it since years!

LOL, my assumption was he would reach that conclusion rather quickly upon sim, but hey, you wanna spoil the fun then go right ahead.

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 Big Mike 
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  #8 (permalink)
 gg80108 
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I have followed Woodie over the years (the first trading I tried) but could not make the CCI work for me (its not the only system that didn't work for me).. Compared to other vendors, he is one of the most "honest" guys in the vendor business though that may not be saying much.
IMHO once u make a BOT u got something closer to some real stats that a mechanical system might do and one may duplicate. Course if u got natual talent u dont need a mechanical system.
Don

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 spectre 
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This isn't Ken Wood's first venture into designing bots. He originally had a CCI Autotraders program back in 2008. The buy-in was $5000 minimum. After about 6 months, the program was successful in turning $5000 into $1758. "Better trades down the road"? Apparently not for those who invested. For a short period of time, the daily trading results were posted on the Woodies CCI website. Most of the trades didn't even follow his trading plan or qualify as Woodies CCI setups.

I believe the CCI indicator can be used to augment a good trading plan. However, I have never met one person that has profitably traded the Woodies CCI system. His daily moderators are volunteers, and believe in his "traders helping traders" mantra. Most moderators leave of their own accord after about a year when they discover their PL line is flat at best. Some are outright banned from the room by Ken Wood himself when the "traders helping traders" goes too far into cutting into his bottom line.

Anyone thinking of getting involved in the Woodies CCI Club would do well to research the experiences of his former moderators documented on the web. Any attempts to think for yourself or question the validity of the Woodies CCI system is usually met with stern caution to outright hostility in their trading rooms.

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 FrankFX 
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sam028 View Post
I would highly recommend you to not spend time on woodies's stuff, it's a waste of time.

I second that...

here is what it looks like

unirenkobars designed by @monpere in boxstyle

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 aligator 
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FrankFX View Post
I second that...

here is what it looks like

unirenkobars designed by @monpere in boxstyle

Ditto. In a recent visit to the room, during the mid-morning, there were only 26 people in the room, 9 of which were admins and moderators with J. O. pontificating like John the Baptist to the same every day crowd. I recognized at least 15 names from a few years back.

It is a dying dynasty, more like the Duck Dynasty's bunch of old nothing-to-do making a lot of sim noise (except Duck Dynasty gang are $M'ers now).

I think Lambert is so sorry for inventing the CCI.

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  #12 (permalink)
piposaurus
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I have managed to adapt the CCI to my trading ok, using standard 14 period, though I don't use it as Woodie promotes.

Used as a secondary tool for divergence with the pipdaq setups it works well but I must agree that his dynasty seems to be dying a slow death.

As a side note, his website is horrendous! I've never seem so many ads on one page! That should be enough to scare anyone off! lol

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