Yes, I have some experience with Remek. Very nice and helpful. They use Bloodhound strategy templates, Harry's Coral filter for mean price rotation, Harry's trigger lines and unirenko or similar BH hybrid bars. The idea is to find the bottom/top in a mean rotation pullback for entry into a trend. In my personal experience I found very little edge here. Also the BH templates take way too long to switch from long to short. Not only that but they have an auto setting that I was told never to use(?). The posted trades on their blog are in sim mode only and are quite obviously selected. I have no affiliation or interest in this company or it's representatives. Hope this helps.
wilson
The following 7 users say Thank You to wilson619 for this post:
Hi Wilson619, As an old Aztec from long ago I thank you for your reply. Very helpful. I can see many of the futures.io indicators in the strategy but I'm bloodhound "challenged" and that would be the only reason for me to engage with their strategy. Looks interesting, however the few BH systems that I did developed suffered from the very things you pointed out in your post.
Wilson619, did you end up abandoning Remek or did you use it enough to say whether it would be profitable? Did you find that their response on https://www.remek.ca/blog/2016/3/13/wilsons-f was fair? I am considering them, and especially like their approach to using ATR multiples for TP levels, and setting 'invisible' stops.
The following user says Thank You to vickisb for this post:
Hi @vickisb, interesting you should ask. I've recently given Remek a second look and now beleive it's as good or better than most of the stuff out there, if you want to use hybrid bars. I personally use NT8 (it's not made for NT8 yet but I use all the same indicators and without Bloodhound). As with any method, you must be careful not to overtrade and just go for the recommended setups and keep a positive risk/reward. You might also want to follow along with Ferenc's weekly webinars and Q&A's as he is very proactive. Keep in mind he frequently has special pricing so I would ask before you buy. Again I have absolutely no affiliation with him or Remek systems and do not receive any money or other favors.
Hope this helps,
Wilson
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If you PM me I'll give you a list, but I'll let you determine their settings. Again I recommend you reach out to Ferenc. He can help you get setup, teach you how to use the indicators and provide great support. This will help shorten your learning curve.
The following user says Thank You to wilson619 for this post:
Appreciate the offer Wilson619. Do you know of any others who are using Remek who are profitable with it? I'm at a point where I can't afford to make another mistake lol.
Sounds like you are not in a position for any more risk. I believe we all arrive at that point sooner or later. In reality that's what trading and life are all about. I apologize for being blunt.
(to address anyone on Fio, use the ampersand + name)
I appreciate your candor. I have the capital for trading, but not for wasting on systems that don't deliver. And while I fully expect any system will have losses, but I need one with a reliable, repeatable edge over time. That's all. Otherwise, why should I pay for it? I can keep evaluating and testing on my own.
The following user says Thank You to vickisb for this post:
Thank you for your plain explanations. What you mentioned is very helpful.
Coincidently I just watch Remek's webinar from the Shark Indicator's promo week. I have not made a purchase but I am inclined to since I do have both Blood Hound and Black Bird tools. Remek vendor (and Shark Indicator) give free trial. In the world of scam indicator sellers, I see anyone with better credibility simply because they are willing let people try their product. Beyond that, I do not think anybody can assure you and me that one can be profitable.
I do not know how to PM you but if you can send me the info you mentioned to the other gentleman. Thank you in advance.
Also a disclaimer: I am a long time Elite but I have no relationship with any vendor discussed above.
Tony
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