From the several tradingschools comments of Amico's prior rooms, the "trade management" by him looks hilariously obfuscated , lackadaisical, and it was a sim show anyways. Yes, I would agree trade management is so important for live trading, just not really applicable with a sim dependent vendor and a crook who still owes millions in mortgage fraud restitution.
Whatever, at least the CFTC, FBI have worked with or referenced tradingschools or took action in part because of, and there is real proof action by subpoena. And Emmett has endured over 15 lawsuits by the scam vendors with their funding. Not much one can trust in review out there in general. Better than just Handley before.
I can understand where you are trying out ideas from vendors. 70-75% sounds very decent to me if one can make it work for them. I can agree if one has and doesn't mind using funds to try out vendors it's their choice to do so with ideas or indicators they having tried yet and are curious about. Just that some of us are already so jaded like myself after so long and kind of have a disgusted feeling on seeing others especially newcomers taken by sites for multiple $thousands or tens of thousands on false advertising of or implied non-sim, or supposed live results by especially proven shady vendors.
On the other hand, I do have proof of the opposite. I am well acquainted with someone who has received two 5 star reviews on trading schools, and has offered to gladly testify in court that he was never been shaken down by Emmett or anyone at tradingschools to get those reviews.
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If you watch the video he has about the settings, it looks at first glance to be a simple MA crossover that he sets to 8 and 21. You can see the 2 lines on the chart and the buy and sell noted on the cross.
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I'll ask again: Do you have proof tradingschools is extorting? I know some of the vendors he has bashed created websites claiming extortion, but I've never seen any proof.
We'd all love to see any proof you have of your claim!
Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
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Platform: My own custom solution
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Complete BS, created by Day Trade Academy. Believe me, I have proof of just how low that vendor will go to distort the truth (lie) to his own benefit, attempting to mislead people.
Speaking of which, please clarify your exact relation with DTA.
Site Administrator Swing Trader Data Scientist & DevOps
Manta, Ecuador
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
Posts: 49,778 since Jun 2009
Thanks: 32,304 given,
97,553
received
If you wish to discuss Trading Schools, search for the correct thread on that topic or create one of it doesn't exist. This thread is not the correct location.
Don't make any more off topic posts in this thread.
Amico was second main room host besides the owner, Simon, and sales head for GTR (Global Trade Room) around the period of 2015. The CFTC did an investigation last year with findings reported in September which included subpoena of broker statements that showed GTR's chatroom never had a live trading account so were using sim feeds. The CFTC document: (https://www.cftc.gov/media/2446/enffuturesfxsimoncomplaint091019/download) In the comment section of a site which we can't reference now there were 22 pages , many with comments of former customers who complained their trading did not improve even following Amico's trading room, nor made profits but lost money. Several spent $7k to 10k or over for dubious education and subscriptions.
Interestingly (but not surprising for rats ditching a sinking ship) due to the 2015 review and a surge of customer complaints as more spoke out, Amico and Sandy Seaghal jumped ship and ditched Simon Jousef and GTR and promised they would start showing their dom for every trade live with their new site "futurestradinginaction". Just months later clients on the review site comments complained after an initial demo carrot stick period, Amico was obfuscating the same way he did on GTR and just occasionally showing his dom again. Since 2017 or so, it seems Amico had left Sandy and started his own site "veritasfuturestrading". Since 2019 or so, Veritas has stopped the monthly subscription and now charges quarterly with no refunds. Their prices have increased. Now it's at least 1.1k to subscribe to their autotrader bot. The veritas site now shows since Jan. that most all of their chat room trading is SIM only, and obfuscating with differing types of "sim track records". Which confirms more recent comments in the last two years on the site we can't reference now that customers were complaining Amico wasn't showing his dom for the most apart anymore despite a posting earlier not by jmh that claimed Amico was showing the dom with a supposed live account all the time.
Yes , on the front page of veritas it shows that stupid backtest graph chart of supposed increasing profitablity, but veterans to trading should well know enough a generated backtest in sim hardly means proof. And there are signs of glossing over losers compared to the spam email of so many "winners" in the spam email ads and there are no broker confirmed proven statements. And the signs are the past Amico shenanigans are going on again in the comments on review sites.
Yes, I get that someone could want to respond to my 'witch hunting' mode due to opinions or biases, but I've been duped before by previous scammers in my past ten years of learning and trading futures, and I'm not backing down with reminding of these facts shown and evidenced. And I was especially triggered feeling about the comments of the plight of those relative newcomers who had wasted tens of thousands and even lost money. Amico's site veritas has all the signs of many other dubious vendor sites with a pattern of the usual dream marketing, with no proof of actual profits despite claims otherwise, much less even the idea of being able to trade for a living while charging up to thousands again to numerous clients on the site. They even have their cftc "Hypothetical" disclaimer at the very bottom that most of us veterans to vendor fakery surely know about. And I was warning newcomers of this past history and even the proof with authorities as referenced in the review site. So I warned and warned again, and my relevant posted links keeps getting shifted to back pages of this thread now (just go back to page 10 of this thread to see the relevant links:
I Get email from and have seen his youtube videos here:
Trading a real account he says. It does look good! Does anyone have input?
) and I think my warning points are very valid for discerning newcomers wanting to do due diligence in researching a trading education guru/vendor, particularly this one. Fin.
Thanks, I recall back since the 2015 review of GTR checking out videos by Amico and later of his tradingroom "futurestradinginaction". And it looked somewhat discretionary but also very simple and crossover like with a slapped on profile. I guess a sufficing enough carrot stick show for newbies. Even the trading journals here by members can have more involved strategies and journaling thought into them.
Others have done due diligence and posted on or related to this thread, lest we forget, or may have missed:
Search for Bob Amico in this forum. Better yet, check this link Amicos Plead Guilty in Connection With $60 Million Mortgage Fraud Conspiracy Case | New York RealEstateRama (
The guy explains his bot's entry signals are Moving Average crossovers. …
This is the last email update I got on the 25th of April... I purchased this Robot but decided not to trade so I'm going to try to sell it cheap if someone is interested. PM me for any details otherwise you can ignore this Thank you very much.
Daily Update(s)
Traders,
I have not sent a daily update over the past few sessions as I simply have not had the time. Working with so many BOT owners to get them set to use their BOT has kept me busy! In any event the past few video's are here for you to watch;
2020-04-24 0757 Targets Trading Pro Trade Room Access
2020-04-23 0758 Targets Trading Pro Trade Room Access
As you can see we have utilized primarily the 3 minute BOT and the results have been exceptional!
This BOT is the most cost effective BOT in the marketplace as well as the single best performing day trading BOT available!
I don't think it's resellable as it's linked to a computer and email. Unfortunately he has 50 bots running with different settings and picks the winners and shows those.
The bot is nothing but a simple moving avg cross over with MTF. Anyone can copy and paste the code using info on this forum. Sorry to hear that dude
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I haven't posted before but I felt this will help those who want to know how Bob Amico does trading real money. He has a separate New site to market his The Targets Trading Pro Auto Execute program where he places trades that are executed with a broker along with his subscribers.
Anyone trading from Sept 10, 2020 until Oct 5, 2020 incurred a loss of $5,869 on a $15,000 account.
I uploaded his track record but it is also on his site.
Take notice that he does not refer to his name on this site nor make reference to this site on his main Bot site. He does mention on the performance page about the Bot though.
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UPDATE (I'm selling the TargetTradingPro.com, I don't have time for it and not in the markets currently)
This is the Full version for all markets with the extra $400 Strategy Analyzer backtester build in.
