Guess I'm missing the genius of the chart u posted, first u have to be fast since this is a 1 min chart(I know the flux tells u signal is coming up), I see about 16 trades, using just a simple method(of course we could curve fit or use insane stops) , enter on the first tic of new bar after signal, a few tics stop past the entry bar i see 7 wins and 9 losers,, no better then a 50/50 day. Course the trend is ur friend till it isnt...
The following user says Thank You to gg80108 for this post:
First it is not libel if a user is stating their opinion.
As far as someone using futures.io (formerly BMT) to make an informed decision before purchasing your products, futures.io (formerly BMT) was created with that being one of its goals. People share experiences here. Good or bad.
With regards to lawyers and such, you are free to serve legal notice. I receive them all the time from vendors who are unhappy with how their company is being represented. If the statements were made based on opinion or experience, I will not remove them and I will see you in court. I have spent a great deal of money defending the rights of posters on futures.io (formerly BMT). I know other forums roll over and delete stuff, I do not. However, if the post was made with malicious intent (ie libel) then I will happily remove it, and I am usually first to do so because I don't stand for anything like that on the forum.
Unfortunately it has been my experience that indicator vendors place far too much weight on the indicators they are selling, and they end up over representing their effectiveness in generating profits to potential customers, who in turn can be very upset if they are not money makers. There are absolutely vendors that have good intentions and don't do this purposely, but possibly from lack of experience in which they don't realize that if they themselves are making money with the indicator it could be due to other trading related experience, and not the indicator.
There are then of course the truly bad vendors, the ones who post performance reports of how much money something has made in the past, usually in the form of a completely unrealistic backtest, in order to lure in uneducated or inexperienced traders that don't know any better. I do not know how those people can sleep at night.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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The following 10 users say Thank You to Big Mike for this post:
I bought the Flux pro package with all the tools.
I spent many hours watching their videos and watching Ron in the live training room. I followed their “How to develop a trading strategy” course. After a few months, I was very familiar with their tools.
I developed some strategies using their tools but none were profitable enough to use live. I implemented one of Michael Lydick's strategies verbatim as he described in his "Trade Like a Pro" Webinar. The results were nowhere near what he showed. My TCM markers appeared in the same place as his. I questioned him several times to make sure that my implementation was the same as his. He never answered my questions and always said that he was too busy and would get back to me next week. After several rounds of this week after week i gave up. It was very clear to me that he was avoiding the issue and that he was not willing to backup what he claimed in his webinar. As a Flux customer who has paid several thousands, I was not happy at all with the support from him.
I thought that I could get a better insight by signing up for the Maldonaldo Live trade room. I found that he tried to use the Flux indicators for his setups but never had success with them. He had successful trades but they came from new setups using non-Flux tools.
The Flux runs best on a 1 minute timeframe and although it does find times during the day when the market moves in a direction, that move is actually quite small and, after comissions, not really worth the risk for the small reward.
Hope this helps.
The following 8 users say Thank You to MarkG for this post:
Hi, i'm using flux for 2 weeks now and as a DAX scalper i only have one loosing trade, (~ 6 trades in the morning / day) so at the moment, nothing bad to said....
It's working very well on Gold as well, no loosing trades but not many trades on Gold just few
The best for me, at the moment with the DAX is Emini Nasdaq, at least 5 trades /day no loosing one
It's to early to know if it will continue so let see !!
I will come back to you in fews weeks to let you know
One most important thing i want to say, whatever the system or indicators you use, do not use it as his own but add it to your way to trade....i'm market profile and volume profile trader, i'm using order flow to trade so i try it in conjonction with my levels and for now it's works..
Sorry for my english
The following user says Thank You to thleg82 for this post:
Let me share my experience with Back to the Future Trading. I purchased their Flux Professional Package back in February 2013. I vividly remember buying it and getting it installed on a Monday. On Wednesday of that same week I started getting severe abdomen pains. Ultimately I had to go to the doctor and long story short, I was eventually diagnosed with AML (Acute Myeloid Leukemia). A few weeks later when I was in the hospital and the whirl wind began to settle down a little bit, my thoughts went to the software I had just purchased. When I bought the software it was my understanding that there was a time limit on how long I had to take advantage of some of the training opportunities. It sickened me that I had just spent a chunk of money and did not even get a chance to get into it. I had my wife e-mail the people at Back to the Future Trading and explain the situation to them. I asked her to see if they would be willing to stop the clock on my training time frame so that it would not just run out while I was unable to take advantage of it. They promptly answered back with a very sincere and heartwarming message. They were more than willing to grant my request and also promised to keep me in their thoughts and prayers. When my wife read me their response it truly touched me and made me feel good. Fast forwarding, I have survived, the cancer is in remission, and I am doing very well at recovering.
Now that I have the energy, I am getting the chance to learn and use the software. I first learned of Back to the Future Trading thru another company called MtPredictor. I have owned and used MtPredictor software for many years. I learned that other MtPredictor customer's were also using Back to the Future Trading Flux tools and they said that the two systems complemented each other very well. MtPredictor has strengths in price and pattern and the Flux tools have strengths in time. So when I combine both tools (each engineered from a completely different perspective) and they both agree with each other, then I find those signals to be very powerful. I have been very happy with my purchase.
I will admit that Back to the Future Trading has a large number of tools (some of which I have yet to look at) and it can be a bit overwhelming and intimidating. There is a learning curve involved, but their support and willingness to help is outstanding. I have found that they are not just providing their customers with a cookie cutter trading system and saying "trade my system exactly like I do." Instead, they are providing tools, teaching the intent of the tools, and allowing the customer to apply it whatever way works best for them. It is true that you cannot just blindly trade every signal that the Flux Time Cycle Marker generates, but they do not teach that you should trade that way either. Like any other indicator or tool it must be used properly to generate good results.
I mentioned earlier that the strength of the Flux tools was time, but in order to be fair I must also say that they have some powerful price tools as well. I had just not focused on that part of it to start with because I owned MtPredictor. As I learn the Flux tools better I am starting to see good trading opportunities using just their tools. At the beginning of April of this year Back to the Future Trading held a training conference in Las Vegas. Because that is fairly close to my home I chose to attend and I am very glad that I did. First, I had the chance to meet the people in person who had been so kind to me and treated me so well (Michael, Ron, and Rachel). Second, I was introduced to 2 of their newest tools, the Flux Time Zones, and the Flux Daily Cycle Markers. I am loving both of these tools and see great promise for them. I am still learning them and have not used them with live money yet, but I will admit that is my fault. My energy levels are still very low and I do not get to dedicate as much time as I would like, hence it takes me longer to get things done.
In summary, I just wanted to state that I for one have been very happy with my purchase of the Flux tools from Back to the Future Trading. My experience with them shows me that they are good, honest, decent people who care a great deal about their customers. My trading has improved because of my association with them. Thank you Michael, Ron, and Rachel for everything you have done for me!
The following user says Thank You to TraderLJW for this post:
I'd also like to express an opinion on "Back-To-The-Future's" Flux Package, Time Cycle Marker (TCM) software.
In April 2013, I purchased "Back-To-The-Future's" Flux Package, and incorporated the Time Cycle Markers (TCMs) and Histograms, into my charts. I've had great success with the timing signals in my system in conjunction with the other elements of my system..
I am a multi-instrument Futures, and Forex trader. I execute on the NT platform, and typically trade two contracts (Futures) and 100,000 with Forex. I use a combination of several alpha entry signal methods. My primary footprint for executing trades are found within "Rios Quantitative's Gnos Levels," and I use the Flux Time Cycle Markers to anticipate times a possible change in momentum will occur. I do not use the TCMs as my alpha signal for entry alone.
Are the TCMs 100% accurate? Of course not, nothing is. Are the TCMs 70% accurate as Michael repeatedly mentions in his webinars ... my experience says, yes. I've also found everyone at Back-To-The-Future Trading to be extremely professional and responsive, whenever I needed assistance.
I have read a few posts of users who were unsuccessful using the product, however, that doesn't mean the product isn't great, and effective when used properly. My experience demonstrates that Michael and Ron have developed a remarkable, and unique product.
I attached a few recent trades which show how the TCMs lead price action. Take a look, and you be the judge ...
The following 3 users say Thank You to TraderJim618 for this post: