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As a new member here, I think I have the right to learn about the pros and cons of this widely promoted NinjaTrader system. I am upset that the moderators are blocking users from posting. At least let them explain why Vinny's system is not as good as others in their eyes. I don't think we need to hear about all of Vinnys' tactics. I just want to know if it works enough to be worth $5000.
Please don’t spend a cent on it. There is no good reason to buy someone’s system. With all the free information out there you can put together your own that makes sense to you. Just my 2 cents.
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Anyways, Ninjatrader is a broker and trading platform, similar to TD Ameritrade and thinkorswim. It’s popular for a lot of reasons, I use it and really like it.
As far as vinnys bullshit turd software, no it’s not worth $5000 in my opinion. Think about that. Five thousand dollars? For what exactly, some indicators and a few other useless bits and bobs? Oh, and maybe a Chinese pocket knife and to be treated like a peasant? Tell me - do you really want to build a robust trading system based entirely on one piece of software and one person? Especially when that person’s behavior is so erratic and unpredictable that you might get your license yoinked any day for doing something as simple as sharing a link in his discord channel?
I was a paying customer regrettably for 6 months, allow me to share some of my findings and opinions with you.
- I didn’t find any useful information within his discord channel that was so useful and precious it was required to learn his software. Everything I needed to learn could be found publicly for free on his YouTube channel. Felt I was misled by his marketing when I was told I would have exclusive access to information and training that couldn’t be found anywhere else. In fact, in his license agreement, it says clearly you are paying for information and training materials, not software. I feel I could’ve gotten all useful training for free on his YouTube channel.
- his “mentorship” is a joke. I didn’t appreciate his negative attitude and total lack of respect for me as a human being and grown man supporting a family of five. I only had the “opportunity” to talk to him on the phone once, and it was a horrible experience. He berated me constantly, really offered nothing of value or any actionable advice, verbally abused me for not liking and commenting on all of YouTube videos, didn’t try to get to know me or understand my goals etc. he simply accused me of being vaxxed, called me a retard and claimed his IQ was 160. If Vinny wants authentic feedback and engagement, he should stop treating people like pieces of shit frankly. I was completely turned off by him and his software after that call, and I later deleted all of my likes/posts/comments on every one of his videos. I deleted any mention of him or his system. Any serious mentorship program I’ve seen offers multiple scheduled 1 on 1 calls to learn a persons strengths/weaknesses, develop a plan, follow up, and really give you a chance to develop with a seasoned, experienced trader. That was my experience and impression of him.
- He offers a free trial, but my advice would be to absorb as much as you can from his YouTube channel and see how he treats people/behaves on his socials before getting sucked into his marketing funnel. If you’re going to pay someone $5000, you need to be absolutely sure.
- As far as the community vibes are concerned, felt like I was constantly pressured into worshipping algobox, defending him on Twitter after fighting with other traders, liking all of his social media posts, and spreading the good word of the lord I mean vinny constantly, or else. I felt people were too scared to speak the truth out of fear of getting banned or getting their licenses revoked. There were countless examples of people being treated badly and banned for stating the obvious or being reasonable. I shared a link to a well known trading psychology coach’s YouTube channel and Vinny actually called me a retard for doing that. Not that it hurt my feelings, but this demonstrates his behavior and attitude.
- his indicators are nothing revolutionary or new - harmonics, volume, MACD, oscillators, Fibonacci, Elliott waves, moving averages, darvas boxes etc. some of them bear a striking resemblance to free shit I’ve seen here and on NinjaTrader Ecosystem even. There’s free harmonics, Elliott wave/fib tools available here that are better IMHO. That’s the truth, nothing defamatory about any of it. Have a look through some of his YouTube channel, ignore all the McCheap marketing and branding attempts, and think about what it is he’s actually offering.
The wheel doesn’t need to be reinvented, and it really can’t be. Everything in trading really has already been done, but people can come up with unique combinations of things that work for them. Id like to believe that Vinny did that for himself, putting his algoturd system together. I also believe that everyone needs to do that for themselves to really make it.
Another problem with Vinny is that he really tries to push this idea that anyone who employs “useless” things like time based bars or anything other than his software are still trying to make collect calls to their friends’ pagers while he is living in the year 2149. Ironically, he’s rebranded the MACD, Ultimate Oscillator, Fibonacci, Elliot waves, moving averages, volume, and other classic analysis tools that have been around since forever.
Time based bars are so useless in fact, I think Vinny needs to get on his galactic space phone and call up every hedgefund, prop firm, and professional trade desk to let them know they’re all doing it wrong.
It’s probably best you come up with your own system and style, maybe even using things you can find for free on websites like this. So many outstanding, superior programmers to Vinny have offered their work for free here. I suggest you take a look around before shelling out $5000 to someone you really don’t even know.
Read through the entire thread here, really look at things through an objective lens and come up with your own conclusions.
If you take another look at moderator actions on this thread, I think you will find that no one is told not to criticize Vinny (nor to criticize him, either) -- they are told not to criticize other members' posts on a personal level. Whether they are pro or con regarding Vinny is not an issue with us.
The airing of different views from differing perspectives and angles makes for a way to eventually reveal the value of something, or lack of it, and it's what this review section is all about. But the airing of views does have to be civil between the members, or the whole thing doesn't work. The internet has more than enough personal online fights, and they don't belong here.
As to discussions of his tactics, I think people would normally want to know something about how a vendor has dealt with his customers in the past, before paying him a large amount of money. This is a different question from whether the system, in the abstract, is a good one, and it is relevant.
Regarding the value of the system itself, I would say that is being vigorously discussed, and in detail.
Is it worth $5,000 to you? That's your call, of course, but I think both sides on this question have given their answers, and their reasons, and they are always free to do so. You can state a position on something, and believe in it and defend it vigorously, without a personal attack on another member, which is what the moderators insist on.
(By the way, there are about 44 pages so far in this thread, and a person could get a very good idea about the system, and Vinny, just by reading them. Or even skimming them.)
Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
I went through the Algobox trial back in March 2019. Vinny even gave me an extended trial. I traded in sim for 3 weeks using Algobox as a trade setup generator.
I used this setup:
Algobox for the trading direction and momentum
Right Line Trading Unirenko for the price level entry
Timewarp for the timing entry
In 3 weeks I made $13,300 (Sim account size was either 50K or 100K I think) but I decided NOT to buy Algobox after doing a deep dive into my trading performance stats.
The risk adjusted return was very bad. Around a R=0.26 . The NT8 Average R was 1.04 but that is based on the actual Adverse Excursion NOT on the TOTAL RISK TAKEN!!!.
In addition the market was highly autocorrelated with huge swings in both directions but mainly Long swings. This was an additional confounding factor which contributed to the huge profit spike I got at the beginning, after that my P&L went mostly sideways.
If you want to put a lot of money at risk and try to pick a market regime where you might get lucky then yes it's possible to make a 26% return in a few weeks but given the level of risk you have take (i.e. risking your entire account) in the long term your trading account will go to zero.
If Vinny could make money with Algobox he sure isn't doing it since he spends all of his time marketing and trying to make money via lawsuits instead of just scaling up his trading size with Algobox. The few times that he has tried to scale up he lost big.
This is all sounding more like those who stand outside their employer's place of work that just got fired and you all got picket signs that reads; "VINNY IS UNFAIR". No matter what.. you're gonna show this guy! Mean time you're all here waiting for the next passerby who honks their horn for an approval or just ream the guy that it works for them and crosses your line.
Why can't you all just move on to something better and not get so riled up that it can work for some and can't work for you..??
I sure have and been burn many times including some terrible platforms, indicators, furus and education I bought even from recommendations here. Some work some didn't.. so what? It's the price we pay. And you know what if I look back.. some of those that bought the same thing I did.. they're still there and it's working for them!
I've moved on and glad to say that I now have tools that I've put together that's working for me. I suggest you can do the same to save some sanity.
You are in so much denial that it's become like cult member mentality.
Oh so our guru stole other peoples work and claimed it was his.... But I think that is right.
Oh our guru charged thousands of dollars for things he didn't make... But he needs the money.
Oh our guru mistreats and disrespects his members, threatens them with removal of license and legal damages... But I would do anything for him as long as he doesnt do that to me.
Oh our guru ridicules other fake gurus, but does the exact same thing as them... But I just know he is the one.
We've seen the trade room, We know which members get disrespected and kicked out and what members has their nose up the ass of Vinny to get a helping hands license.
And we also know what they do to get that discounted license. We know how the chat gets deleted as soon as some situation occurs to prevent screenshots being taken.
To actually HELP other people from wasting money to a thief and narcissistic cult leader, this thread exists.
It helps to get promoted everytime a cult member comes in to try and defend his cult leader. So please continue doing that so that more people can get to see this scammer for what he truly is.
When you charge thousands of dollars for something, which for many is a substantial amount of money,
you tie them in when you threaten to take that away if you dont obey. Kinda like Scientology and other cults even.
If you want to waste money you might as well pay for a pirated version. If you don't, then get the free original versions and stay away from the cult.
That is truly how you help your sanity.
I see your picket signs loud and clear.. you're insinuating he's stolen intellectual property? Start a group and slap a class action lawsuit.. maybe that'll put an end to all this? Or would you rather continue to just rant how unfair Vinny is?
Ah yes the constant " Why don't you just slap a lawsuit and get it over with hurr durr ".
How do you know that the original authors hasn't thought about that and reasoned that it is to expensive to try?
How do you expect the people not living in the states to do that?
How much do you think that costs for people that live in the states to fork up?
How do you know that hasn't already been tried or is in the process being tried?
You didn't think that far did you? Because you have cult member mentality, that's why.
The only thing on your mind is "oh but I like it and I think it works. My cult is great".
Try thinking a bit bigger besides your ego. Why do you think Vinny sues people?
Because you and your cult is paying for it. Lawyers are expensive.
The original authors released their code in the public and they probably didn't expect it to be stolen and charged for.
That wasn't the intent. See most people don't think about covering their ass with a legal copyright when they release their projects to trading communities.
Is it a bit naive, yes of course, but then again most people don't steal that code and claim it is made by themselves so that they can charge thousands for it.
See there is a certain type of honor in crediting the original author that most people respect (not a thief like Vinny though).
Some of the authors probably don't even know it has been stolen because they don't follow Vinny.
I do know that DeltaDiv, the indicator that Enigma is based on, is not a public released indicator.
I also know that the version that was stolen is not the final version the author made.
Because Vinny stole it when it was in the early versions. The later version is more precise and better. So Vinny can go fuck himself.
How TF can you defend him? What kind of garbage people defend thieves?
I don't give a shit if you make money with stolen code that you paid for, but don't defend that piece of shit for selling other peoples work claiming he made it.
You might as well promote hackers that sell pirated software for bitcoin.
By the way, his Algocrap can be bought for less than a hundred bucks, all copyrights removed and "latest stolen code" version.
Ironic isn't it.
And once again, thank you for commenting and keeping this thread alive so that more people become aware of your thieving lowlife furu.
You're sounding very sour TickTricksta.. Now you're ranting about me having a cult mentality. I have an ego? I'm not the one watching this forum and just gotta get the last word cause Vinny hurt your feelings. You can make all the accusations you want the fact of the matter is your word meaningless. If you gotta case bring it forward.. any lawyer knows if you gotta strong enough case they'll take it on. That fact is it sounds like the case is weak like your argurments here... uhhh he stole it and it was free and he's making thousands of dollars now.. uhhh I hate him he's so mean! Pathetic! Wasn't there a movie written about this?? Defending him?.. you just come up with I know this and I know that. Don't come in here and try to personally attack me how I could defend him. You're the one with accusations.. and that's all that is. Will I change my mind.. absolutely. But until there's evidence of this.. this is total BS!
