He has made so many promises to the extend that his Indicator are modeled in NASA concept and are out of this world.
Yes - We are making fantastic progress on auto trading.
With God's blessings.
We will smash all world records and set Magnus Carlsen style
new World records.
( BTW - Ninja delay - Final pack release date is Tue Dec 3rd )
A new novelty called " Houdini " is coming by Dec 15 for Auto Trading
Regards& Thanking you in advance.
Balasubrahmanian Iyer
[ CA/CPA/CGA ]
Always he is coming with new model and is going to deliver a money making machine and he has gone through Chop, Roy Rogers,you name it he has changed his model more times than he had shower...He charges people a room fee and promises the final product will be a game changer and when it gets delivered, its nothing more than a lagging indicator.
His videos on You Tube are real proof as to how many times he has changed his chart, tick, Rang,Volume,Minute and you name it...A real Snake Oil Salesperson and one has to wonder if he bought his many degrees online too.
How can a man face his children knowingly that he is ripping people off to feed them.
Sharmas
I have been very much a vendor friendly member on futures.io (formerly BMT) and this guy has really takes the Oscar when it comes to ripping people off and will proudly lie about his qualification and credentials about trading
The following user says Thank You to sharmas for this post:
Be very careful with this vendor as you will wipe your account off within few weeks and he keeps changing his method and tools as a retail beginner would do with Moving averages. Watch for yourself from the first You Tube posting to what he has got now. Not basis for his method and you will need a full time job to just manage his templates and system.When do you trade.SAVE YOUR MONEY AND RUN AWAY FROM YOU...WHILE YOU CAN.
MORE FACTUAL INFORMATION to show how Bala operates to rip people off...Cancel your Subs and RUN AWAY from this guy as fast as you can
On Nov 12, 2013, at 04:37 PM, Balasubrahmanian Iyer <gmm.intl@gmail.com> wrote:
>another 10 to 12 days
>Regards & Thanking you in advance.
>Balasubrahmanian Iyer
On Nov 05, 2013, at 11:28 AM, bala iyer <bala.iyer@rogers.com> wrote:
> new pack by Nov 20
> Regards & Thanking you in advance.
>Balasubrahmanian Iyer
On Nov 01, 2013, at 03:26 PM, bala iyer <bala.iyer@rogers.com> wrote:
Re: when the final pack is ready in 2 weeks - i will inform you
> Regards & Thanking you in advance.
>> Balasubrahmanian Iyer
On Oct 22, 2013, at 03:20 PM, bala iyer <bala.iyer@rogers.com> wrote:
Re: New System = sure in 2 weeks
> you will not be dissapointed
> Regards & Thanking you in advance.
>Balasubrahmanian Iyer
On Sep 26, 2013, at 08:39 AM, bala iyer <bala.iyer@rogers.com> wrote:
Re: wait for New Market Guru
> all your worries will go away
> in 14 days coming
>Regards & Thanking you in advance.
>Balasubrahmanian Iyer
Order-flow and Price indicator of emini futures buysell...paints at the same time...how can when it was a world first for Bala... load of crap if you ask me...
Based on NASA model ....more based on FAT TAILS indicator
run as fast as you can and save yourself money
Bala is going to take every single cent of yours and deliver nothing..
He is worse than snake oil sales person and looks like he will sell anyone for money
i gave him 2 months free trial and then he joined @100
he refuses to discuss any trading related matter - comes to the room
and passed bad personal attacks - so i cancelled his paypal and refunded
his money
still he is complaining and bad mouthing - mentally deranged
And i bet and it is for you to proof to the members here to really show who is telling the lie.
I bet you haven't released your new package and its been already delayed over 2 1/2 months now and you are happy to take $100.00 for your services that you have failed to deliver.
One who needs help is you Bala...you stealing money from people to feed your family and then come here and lie about it
Here are the factual information.
Your room is one way train..You control what people say and you choose to twist the facts... I asked you a simple question and you went nuts on your paying customer. Because you have a lot to hide and cant take a customer who asks challenging questions. Questions you where is the product that you were going to deliver 2 1/2 months ago and haven't.
On Nov 12, 2013, at 04:37 PM, Balasubrahmanian Iyer <gmm.intl@gmail.com> wrote:
>another 10 to 12 days
>Regards & Thanking you in advance.
>Balasubrahmanian Iyer
On Nov 05, 2013, at 11:28 AM, bala iyer <bala.iyer@rogers.com> wrote:
> new pack by Nov 20
> Regards & Thanking you in advance.
>Balasubrahmanian Iyer
On Nov 01, 2013, at 03:26 PM, bala iyer <bala.iyer@rogers.com> wrote:
Re: when the final pack is ready in 2 weeks - i will inform you
> Regards & Thanking you in advance.
>> Balasubrahmanian Iyer
On Oct 22, 2013, at 03:20 PM, bala iyer <bala.iyer@rogers.com> wrote:
Re: New System = sure in 2 weeks
> you will not be dissapointed
> Regards & Thanking you in advance.
>Balasubrahmanian Iyer
On Sep 26, 2013, at 08:39 AM, bala iyer <bala.iyer@rogers.com> wrote:
Re: wait for New Market Guru
> all your worries will go away
> in 14 days coming
>Regards & Thanking you in advance.
>Balasubrahmanian Iyer
You get all the great indicators here on futures.io (formerly BMT)
Dont go and pay for it when you have it all here for free.
I am showing my charts and indicators from futures.io (formerly BMT)
The challenge is for Bala to prove to us all that he isn't hiding anything and not telling a lie to all his clients from whom he is happily taking $100.00 per month
those poor clients don't know anything better as the indicators are not magic and in one of his You Tube video has called his Market GURU 8th Wonder of this world
I have proven it here in my charts that his Market GURU paints the Price and Orderflow at the same time...
Just look at it now see where the vertical lines are and where your NASA and 8th Wonder of this world
indicator is ...price is going up and the indicator is painting RED......WOW EVERYONE IS MAKING A TRUCK LOAD OF MONEY USING THIS SYSTEM...
but would be nice if you said the same to the Snake Oil Salesman.
He is ripping people off and continues too.
He does have few followers who support him as they are non the wiser...
Also start to wonder how Ninja Trader selects their partners as if NT has better means to test and validate, us small retail traders will be spared alot as then you would get highly recommended partners by NT and not any snake oil salesman to become their partner.
Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: Custom solution
Trading: Futures & Crypto
Posts: 50,094 since Jun 2009
Thanks: 32,556 given,
98,584
received
So what you need to do is contact @NinjaTrader and give them proof of fraud. You can also file a complaint with the CFTC. Beyond that, other than creating a review on futures.io (formerly BMT), there isn't much more you can do except accept the fate of the deal and move on.
It is still unclear to me what was sold here. Is it off-the-shelf indicators or strategies this guy has developed? Or is it a custom solution you requested, built on top of other indicators? If it is the first one, and he is using Elite indicators, and you can prove he is doing this and reselling them, let me know and I will take action by banning him (at minimum).
Will certainly be looking at this two options........
So what you need to do is contact @NinjaTrader and give them proof of fraud. You can also file a complaint with the CFTC. Beyond that, other than creating a review on futures.io (formerly BMT), there isn't much more you can do except accept the fate of the deal and move on.
I did go back to him and requested that he apologies to me and send me my refund and we can move from there.
Knowing Bala007,he is a snake oil salesman, he wont as he needs to feed is children some how....be it by ripping other people of their hard earned monies.
He has been sending emails to others and he wont stop. If he had a working system and one that made at least 35% profit, one would understand, but his system changes more often than he has showers.
He has the opportunity to make good the wrong and we can go our own ways after that.
I have challenged him to show and prove his system here and him to front up, but he is gutless.
I think this topic has been beat to death. I'm not sure what this is about Sharma. Bala charges a monthly fee, there is no large payment before using the software. In addition it is pay as you go. If you think he is ripping you off, stop paying. He also offers a 30 day trial to see if his stuff works for you. What could be simpler.? Tarring this vendor as a bad player based on only your own opinion seems irresponsible to me. If you don't like his stuff, you are free to stop using it.
I use his service and though it is true that he changes things a lot, I think he is experimenting with a lot of stuff to improve the performance of his trading methodologies. I use a few of his indicators to provide a longer term trend indicator based on order flow, and frankly it works very well. In addition, his comments in the room have been useful to me. So go ahead and bash him to your heart's content, but I think it is telling that you are the only guy with negative comments about him. If he was that bad, there would be a whole army of people pissed off at him and saying the same thing in the forum. It is interesting that that isn't the case.
The following 3 users say Thank You to skip for this post:
I am one of Bala customer for 5 month already and I really don't understand what this guy wants from him.
First of all I pay as I go! No $1000 or $2000 in front or "down payment" of any kind.
I had 30 days free trail before I decided to join Bala as a paid customer. I am a trend trader and I am using his
indicators to find the right entries and exits. I must say that I have a lot of indicators from this forum, some I got
for free and some I paid for(with vendors that I met in the forum).
In the last 5 years I paid so much money for different trading rooms and different indicators/Strategies, some of them
were a waste of time and money and some of them really helped me to improve my every day trading skills, However,
I never trashed a vendor that I didn't like his product! That's why most of the vendors offered you 14-30 days free, try it if you like it than buy/lease it, if you didn't like it don't get it! its that simple!
This guy Sharmas posting and trashing Mr. Bala like he stole money from him or stole some stuff from this forum...I only see his complaints and no one else...
When I become a paid member with Mr. Bala, I was happy with his software and with his customer service, I SKYP him
tens of times and he always find the time to help me, guide me and some times Log in to my PC and fixed some issues
that I created, for free! I never spoke with an answering machine and I never felt like Mr. Bala is all the things that Shramas wrote.
If I will trash and bad mouth all the Vendors that I wasn't happy with their software or their customer service I will
have to post hundreds of threads.
Caryn.
The following 2 users say Thank You to caryn23 for this post:
If the followers of Bala cant see and understand what my experience has been then...thats is not my problem
What my issue is Bala lying through his teeth.
I had issues with his product that it kept changing..That is something is in agreement in this thread. He comes out with outrages claims that his indicators are the 8th wonder of this world and yet it is no different to Super Trend that I have already proven it by posting my charts.
Another lie....and here are the emails that got exchanged between us...Yet another Factual information...
And for the last two members....as you are not a vendor...why not post some of your successful..Live trades to show to members that this clowns products is indeed working...
I can see what is happening here...but that is for me to understand...why all of a sudden two members have come on to back Bala ...
Most of his members have left him and he keeps getting new ones and when the new ones find-out that ...its nothing but a sexy MA and super trend, then they will learn...
I am not here to bad mouth him ..i am here to share my experience ...isn't that what this thread is all about...Plus he hides behind the mic,...and bad mouths people....No one can see what people are posting in his room....yet he will only say the selected discussions and then bad mouth ...
Look at his strategies...He has Profit at 200.00 and loss set at 800.00....go figure out as to how you going to succeed ....
Risk 50% of your 8k capital to make 2k...great system...
I offered an olive branch to Bala...yet like a snake oil salesman he thinks he is bigger than all wonders of this world combined...
No one his system worked...Roy Rogers...Market Guru..Kalyani..lagging indicator....F16...Amplitude...Chop killer...scalper...Orderflow...biggest lie...
Do you both want me to continue....Why don't you both ...set up a chart and with his Market Guru indicator as Price and Orderflow....you will see they paint at the same time...and that can not be possible.
I have now attached one of his chart..when i was his paid client and look at the Market GURU...with Price and Orderflow indicators...HOW AMAZING it is...8th wonder of this world....they are based on NASA model and they paint at the same time..Do you both want more factual charts and information...
Here is what the Factaul emails are...
THE FACTUAL EMAIL....BALA..STOP LYING...You know the truth and we have had many discussion as you did not provide a working system..
But the fact is known that you get angry very quickly if someone questions your honesty and that is showing here also by you lying through your teeth,...
You are very happy to take my money on monthly basis but now you making up stories ....Your system is nothing but MAs as your orderflow is not really orderflow...
From: bala iyer [mailto:bala.iyer@rogers.com]
Sent: 03 November 2013 4:19 a.m.
To: Sharma
Cc: Sharma
Subject: Here is my Suggestion - read carefully
In my Final pack - i am offering 2 choices
1> Choice 1 = Nirvana Entry Exit Lines ( with sound alerts )
2> Choice 2 = TOM and GURU which will have clear cut buy / sell arrows
3> Auto Trader on both 2 choices above which will have a mathematical
chop killer application built in My suggestion - try all 3 options and then make a decision end of Dec 2013
whether to continue or look for a better alternative.
In my view - you CANNOT get a better product than what i am offering above.
Even if you take all signals BLINDLY in Choice 1 and stop when you are PLUS
you still win - zero discretion – Try it on SIM
Regards& Thanking you in advance.
Balasubrahmanian Iyer
[ CA/CPA/CGA ]
T: 647.800.9264
Cell: 416.450.8535
Ya know, there is such a thing as going overboard and i think you have reached that point. You made your points (heavily weighed by emotion) and offered your opinions in a public forum. Do not be surprised that others will come on to offer a different viewpoint/perspective or opinion and just because it is opposite does not mean a conspiracy against you.
You lose credibility with each post of such negative emotional reaction. It is as if you expect everyone else to be driven into the same kind of lynch mob mentality by the negative energy you pour into each post. Sorry dude, it is just not gonna happen. While everyone I am sure appreciates that there is a concern raised about the vendor/software you have to allow everyone to develop their own opinion on the matter.
I don't know you or the software or anyone else involved, I'm just a forum regular and I'm trying to give you my independent perspective which is that you need to take a break from the attack mode. You've made your points, rendered your opinions, so take a chill pill. Nothing wrong with responding to other's posts, just calm down and make factual, unemotional, counter points, not the mad as hell type stuff.
Bottom line for me and most others is that there is a concern about the vendor/software and thank-you for that, so should I or anyone else here approach the vendor/software we have it in mind to be cautious, okay?
sheesh.
"Money is better than poverty, if only for financial reasons." - Woody Allen
The following 2 users say Thank You to Tasker_182 for this post:
Its just that when members who have only posted 2 comments since 2010 come and pretend...fact between bul.. shows up..
So all in all...Bala has felt the pain and hence why his followers have come to back his system without any factual data..
i still offer Bala to come out clean and offer his system as what he keeps claiming that it delivers...also it is something for higher parties to make a decision on as soon it will be with them...
Thanks everyone for your comment and for those who have sent me PMs...i will work on the chart template and come back to you with the set ups.
All for free as that is why futures.io (formerly BMT) ROCKS
Sharmas
The following 2 users say Thank You to sharmas for this post:
Do you know me? Are you that bored? You have nothing else to do but open your mouth about people that you
don't even know???
I posted many things and many times since 2010 ,However, not like you , when I have something important to post
I prefer to PM other members and not act like a crazy man for $100 that you paid after 30 days trail.
Listen to Tasker 182 and take a pill and relax don't start open wars with every one else.
We all got your point,some will agree with you and some will not but now you want to trash every one that doesn't agree with you?
I just have to say that I really like Bala and have faith in his work--YES the end product is taking longer than he and all of us would like but he is at the mercy of programmers and testing.
I believe it's worth the wait and also that he is not a scam -
Anyone can have it all for a free 30 day trial and then month but month--currently only $200/mo.
Try it and cancel if you don't like it. No one needs to hang around if it doesn't fit their needs.
(as my dear friend always says : Get Over IT and Move On)
Happy Trading,
-Risk
The following user says Thank You to risk for this post:
I respectfully Disagree with your View. I will share my personal experience with you. I have been a member of Eminifutures Buy Sell since July 2013. Mr. Iyar gave me one month of Trial for free.
As he was in the process of building new and better indicators for his clients; yes, he has changed his models I agree. But most of the new models were performing better than the previous version(s).
As I was a new member, and models changed, I asked Mr. Iyar to extend my free membership period; and he gracefully extended for two more weeks of my free trial and I had a total of one and a half months of free trial.
Also, between July and November this year, I traveled outside Canada and I had to take my Laptop with me and I traded from my Laptop and Mr. Iyar activated my Laptop with all the Indicators during the entire period my journey outside Canada.
Moreover, he is available over his cell or on skype for me as and when I required his support. Also, he installed all the indicators everytime to my computers. He never has charged a penny extra for that service.
He does not seem to rip me off. Moreover, I found his proprietary indicators always has delivered and the final package (according to him), I found better than all the previous ones; and I am earning my living from my small trading account.
By the by, I am not a relative to him or married to his trading room. I can leave as and when I feel, not when he feels.
Therefore, I respectfully disagree with your view. I am not sure why you are have a totally opposite experience.
I wish you the best for your trading career and have a happy holidays and happy new year,
Best regards,
SYED
The following 2 users say Thank You to Syed Hassan for this post:
My humble suggestion.....Save your money and stick with futures.io (formerly BMT) and you will learn more and have better indicators.
GMM is nothing but a Moving Averages and is a hit and miss method. Also you may see that Bala prides in his Supply and Demand Reaction Points...he has number all over the place and one day in the future it will hit it...if the system was any good then one would say that the Reaction Points should be for daily levels. There is nothing special in his methods and he will keep changing his software.
The indicator i am using is Fat Tails Zero lag Oscillator which is a paid indicator.
Interesting Sharmas, but what does this have to do with this thread? I would be interested if you started a journal (in the journal section, of course).
The following 2 users say Thank You to BeachTrader for this post:
You seem like a really good guy. But since you had a very bad experience with this vendor, maybe you should consider not paying attention to what they do anymore? Letting go could set you free
The following 2 users say Thank You to BeachTrader for this post:
Thanks for your note BeachTrader.
It's important to step back and consider some simple facts. There are good folks who keep up with every move the Oil Trading guy makes, every video, every web update, as if to be laughing at him/them. This is just one example.
From a different vantage point, they are vested in these pursuits at such a deeper level that it doesn't occur to them that they are taking away precious mental energy from their work and families to devote to the supposed 'loser' or 'scammer'.
Once a vendor is discredited here, move on. Do not bring up the post to the top, it only helps their business.
Finally, ask yourself why a select few vendors have their own AMA thread while others don't. Its because Mike has done the filtering for you and put the cream of the crop on top. There is really no benefit to be gained by creating a new thread for every 3 vendor that become Ninja partners every week. If the last 100 vendor posts didn't give you the Grail, the next 100 won't either. Ninja is downright irresponsible these days with who they sign on as vendors, there I said it!!
If you doubt what I say about vendors and indicators in general, just read BigMike's signature again.
The truth is sometimes too obvious to grasp.
Thanks!
The following 3 users say Thank You to FalseProphets for this post:
I lost $1400 following Bala
I think he is a confused middle aged guy that thinks he knows how to trade
Too many products that only work in his YouTube market replay videos
Too many auto traders that need to be set to trade only long or short
Signal box that is always lagging behind price with huge losses
Too many TACTICAL trades with no exit strategy whose losses are $300 or more and when you ask he replies: well you could have exited at $87.5 loss
Of course he does not care as he is not actually trading any money of his own
He is great at holding people's hands to make them lose 100's of dollars a day in his room
And now he doesn't show any charts but only the signal box with the bias that he changes manually
Run as fast as you can
I went back and reflected on the whole situation...took few deep breathes and moved on...One day i thought to go back and watch his You tube videos and i saw few things differently than when i was a member.
I watched every video and one day he predicted that Gold will go up from 1245 and i followed it and indeed it went up. I started to pay little more interest and he has a good knowledge.
I watched and followed more and then i went back to him and at called it a truce and said i take back everything i said and want to die happy.
Then one day i went back to him to say i would like to take a trial and follow his method and that's how it all happened and unfolded.
Hope this assists you to understand how and where i am in my life right now.
Sharmas
The following user says Thank You to sharmas for this post:
I lost $1400 following this idiot
Every week he has new products
He thinks highly of himself and he thinks he deserves a Nobel prize for trading!!!!
Every week he has a new way of trading his crap
I could have followed freakin' MACD and lost less money than with this crap
After a while i reconciled with Emini Buy Sell Futures
and have keenly watched his development and what he has produced in last few days is fantastic.
Yes i am working on my trades with the new software and i will post my experience here and so …
I tried watching the 2 YouTube videos in this post but there are unavailable
His YouTube channel is deleted already
I emailed him but no response
I really wish he stopped doing this trading business as it's only making people lose their trading accounts
Good riddance
Previously it was SmartMoney Predictor but it may have been shut down "or" only for paying customers. I believe he is still "working on" an auto-trader and has now come up with some new market indicators. I believe he realy wants people to succeed in this very difficult environment.
