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Has anyone ever heard of eminisniper.com?


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Has anyone ever heard of eminisniper.com?

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  #321 (permalink)
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researcher247 View Post
B*llshit!

1 post man; no.

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hedvig

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  #322 (permalink)
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  #323 (permalink)
Market Wizard
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This is again one of the guys who is not serious but

-> takes freely available indicators
-> renames them in order to hide the true origin
-> sells them to unsuspecting victims

Those who cannot make money by trading just have to use a different method to collect your money ....

But let me first show how they are doing it ....


SniperBidAsk


Screenshot taken of indicator sold by Eminisniper.





Compare to Derivative Oscillator by Constance Brown





What I regret here is that

- they have taken an oscillator from Constance Brown and do not give credit to her as the author
- they rename it to Sniper BidAsk (BidAsk is completely misleading, because the indicator uses neither bid nor ask, it is just a smoothed RSI)
- then sell the stuff for $$$



EminiTargeter


Screenshot of indicator sold by EminiSniper





Compare to QQE (Quantitative Qualitative Estimation) translated from MetaTrader 4





Again this is not exactly what I expect from a vendor. Dissimulation and dishonesty is not beneficial to trading.



Conclusion

Taking existing indicators that have been developed by somebody else does not necessarily invalidate an approach to trading. Why not use successful concepts and apply them to trading?

But would you trust in somebody who sells you chicken as beef, even if the meat is fresh?

In this case you can get the chicken for free, do not pay for it!


Disclaimer: I have not purchased the indicators from eminisniper.com, but the screen shots have been posted by @Ironman9973 in the German section of this forum, where I have originally responded. Here is the link to the posts.


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  #324 (permalink)
Legendary Market Wizard
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Fat Tails View Post
This is again one of the guys who is not serious but

-> takes freely available indicators
-> renames them in order to hide the true origin
-> sells them to unsuspecting victims

Those who cannot make money by trading just have to use a different method to collect your money ....

I feel this is true about 80% of trading stuff out there (materials, setups, indicators, systems...etc.). The majority of it is available for free, but you'll always find it re-packaged as the Holy Grail by someone.

"The mind is its own place, and in itself can make a heaven of hell, a hell of heaven." - Milton
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  #325 (permalink)
Hong Kong
 
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Fat Tails View Post
This is again one of the guys who is not serious but

-> takes freely available indicators
-> renames them in order to hide the true origin
-> sells them to unsuspecting victims

Those who cannot make money by trading just have to use a different method to collect your money ....

But let me first show how they are doing it ....


SniperBidAsk


Screenshot taken of indicator sold by Eminisniper.





Compare to Derivative Oscillator by Constance Brown





What I regret here is that

- they have taken an oscillator from Constance Brown and do not give credit to her as the author
- they rename it to Sniper BidAsk (BidAsk is completely misleading, because the indicator uses neither bid nor ask, it is just a smoothed RSI)
- then sell the stuff for $$$



EminiTargeter


Screenshot of indicator sold by EminiSniper





Compare to QQE (Quantitative Qualitative Estimation) translated from MetaTrader 4





Again this is not exactly what I expect from a vendor. Dissimulation and dishonesty is not beneficial to trading.



Conclusion

Taking existing indicators that have been developed by somebody else does not necessarily invalidate an approach to trading. Why not use successful concepts and apply them to trading?

But would you trust in somebody who sells you chicken as beef, even if the meat is fresh?

In this case you can get the chicken for free, do not pay for it!


Disclaimer: I have not purchased the indicators from eminisniper.com, but the screen shots have been posted by @Ironman9973 in the German section of this forum, where I have originally responded. Here is the link to the posts.


Busted!
I love it. We should try to start a thread called "Trade Secrets Revealed".

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  #326 (permalink)
annapolis USA
 
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that is really unbelievable Harry. thanks for doing that analysis. What is it about trading that brings out the worst in people? just a characteristic of the type that gets into it (looking for any easy way to make a quick buck...)

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  #327 (permalink)
New Zealand
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Mirus/Zenfire
Trading: Currencies, YM, CL
 
Posts: 63 since Nov 2010
Thanks: 265 given, 31 received


Fat Tails View Post
This is again one of the guys who is not serious but

-> takes freely available indicators
-> renames them in order to hide the true origin
-> sells them to unsuspecting victims

Those who cannot make money by trading just have to use a different method to collect your money ....

But let me first show how they are doing it ....


SniperBidAsk


Screenshot taken of indicator sold by Eminisniper.





Compare to Derivative Oscillator by Constance Brown





What I regret here is that

- they have taken an oscillator from Constance Brown and do not give credit to her as the author
- they rename it to Sniper BidAsk (BidAsk is completely misleading, because the indicator uses neither bid nor ask, it is just a smoothed RSI)
- then sell the stuff for $$$



EminiTargeter


Screenshot of indicator sold by EminiSniper





Compare to QQE (Quantitative Qualitative Estimation) translated from MetaTrader 4





Again this is not exactly what I expect from a vendor. Dissimulation and dishonesty is not beneficial to trading.



Conclusion

Taking existing indicators that have been developed by somebody else does not necessarily invalidate an approach to trading. Why not use successful concepts and apply them to trading?

But would you trust in somebody who sells you chicken as beef, even if the meat is fresh?

In this case you can get the chicken for free, do not pay for it!


Disclaimer: I have not purchased the indicators from eminisniper.com, but the screen shots have been posted by @Ironman9973 in the German section of this forum, where I have originally responded. Here is the link to the posts.


Hi Fat Tails

Can you kindly direct me to the Derivative osc so I can try this - might be helpful to finding a reliable scalp strategy

Many thanks
Trader12A

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  #328 (permalink)
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Here's a link to the latest version I saw searching attachments:


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  #329 (permalink)
Concord, CA
 
Experience: Intermediate
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Posts: 230 since Oct 2009
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Trader12, if you look up the book from Constance Brown, Technical Analysis for the Trading Professional....she uses the indicator not as a crossover of zero line but when set to 14.5.3.9 she looks for divergence and a slope directional change. By itself I do not recommend unless you are a good PA (price action) bar over bar reader. Best to use a 2 or 3x hihger time frame then use it to find and entry on a lower time frame that fits your $$ mgt. Also, concerning Constance brown, her book is 363 pages, and she will not fully explain how she trades with it, she leaves some info., she states this and you see it in her explaination while 150 pages into the book. It is more info on how to use the RSI differently.

BTW, how eminisniper uses it is not correct based on his zero line crossover, but he uses it correctly to help get into his sniper trade that use it as well as a 1-2-3 pattern bar reversal.

Indicators I believe are from Fattails....Thank You!


Trader12A View Post
Hi Fat Tails

Can you kindly direct me to the Derivative osc so I can try this - might be helpful to finding a reliable scalp strategy

Many thanks
Trader12A


Attached Files
Register to download File Type: zip QQE.zip (7.4 KB, 505 views)
Register to download File Type: zip DerivativeOscillator.zip (8.1 KB, 268 views)
Register to download File Type: zip DerivativeOscillatorV2.zip (11.9 KB, 365 views)
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  #330 (permalink)
New Zealand
 
Experience: Intermediate
Platform: Ninjatrader
Broker: Mirus/Zenfire
Trading: Currencies, YM, CL
 
Posts: 63 since Nov 2010
Thanks: 265 given, 31 received



tradermark2009 View Post
Trader12, if you look up the book from Constance Brown, Technical Analysis for the Trading Professional....she uses the indicator not as a crossover of zero line but when set to 14.5.3.9 she looks for divergence and a slope directional change. By itself I do not recommend unless you are a good PA (price action) bar over bar reader. Best to use a 2 or 3x hihger time frame then use it to find and entry on a lower time frame that fits your $$ mgt. Also, concerning Constance brown, her book is 363 pages, and she will not fully explain how she trades with it, she leaves some info., she states this and you see it in her explaination while 150 pages into the book. It is more info on how to use the RSI differently.

BTW, how eminisniper uses it is not correct based on his zero line crossover, but he uses it correctly to help get into his sniper trade that use it as well as a 1-2-3 pattern bar reversal.

Indicators I believe are from Fattails....Thank You!

Hi tradermark
Many thanks for your kind help and also to Hunter - it is greatly appreciated.
I was going to try to replicate the eminisniper setup and see just how good it was - especially after Fat Tails had taken the time to work out the system.
thanks again
Trader12A

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