I completely agree with you that it's hard to know when to turn the Robot off since it's going to take some losing trades in a developing chop zone ' no more HH, HL or LL,LH' before you know you are now in a choppy indecisive zone.
I noticed that 1: ADXVMA was faster to give a good signal.
2: The time zone look back in the settings is misleading.
Meaning, if not set to look forward when you turn it on, will look back at every trades the Robot would have taken during the night or any period you might choose.
It is easy then to find a winning period that will show a good ClosedPnL on top of the chart. Not meaning they intentionally do this.
Still, there seams to be many people doing constantly well every day but that's not you and me.
I personally don't like all the attention given to the autotrader in the emails and during the trading room.
So far, have you learned and become a better trader with Viper System ' Charles teaching'?
I did but I still struggle hard with a slow market and stalling price.
It's like my mind turns into Jello and I just can't put my orders in with the slow motion.
I don't have any problem running the same market on replay at 3 to 20 times faster at night and trust my rules.
That's a phase I have to go through.
The Viper folks haven't changed their modus operandi. They were running the same game last year when I tried them.
Richard and Pico, you are saying the same things about them that I did back then.
The detractors make excellent reasoned arguments for their case, and the proponents just get defensive and claim unverified huge winnings. I don't know of any other trading vendor that generates this much froth. It's as if it's by design.
This thread, and the one at mypivots.com, has been beating this dead horse for a long time. Maybe we should all get a clue...
I was with Viper when they had the manual system and then the original autotraders. I made a few bucks with diamondback, mamba, trend indictor, russellviper, etc. Then one morning I woke to a complete change of stratagies, with no support for the previous systems, and became a little suspicious. Sure enough, a new system poped up every 30 days or sooner.
I have found some success using the original manual charts with a 6 range chart on top and 9 range on the bottom. I use _Lin_Reg_Color_Paint_v1(close,10,30,21,) on the top and bottom charts with the ranges mentioned above. Included on the top chart are SessionPivots_V2(Daily,DailyBars,True,30), DonchianChannel(5), PPO(Close,8,12,8) and RSqueeze(BBSqueeze).The indicators are available here or on the Mypivots.com site. My entry points are usually when all indicators line up and following the trend. My exits are dictated by my ATM strategy.
What I am looking for is tweaking these for better entry signals or adding another for better entry signals.
Anyone still using these indicators? Anyone have any suggestions?
Just got this in th'email...prices goin' up for Viper
Not SPAM, just an affirmation the bigger picture. I tried them for a month last summer and even tried the new ATBreakout thingee (something about the technical term "Robo-Friendee" just bothers me. I don't know why. It just does...gets under my skin every time Charles says it), but it just wasn't for me. To much heat at times, and in the final analysis, I enjoy the act of trading. Though I do agree that you should babysit the system, it doesn't surprise me in the least that the price is suddenly going up.
And the "High Energy Times" does seem like so much smoke. Let's just add some astrology from Larry Pesavento while we're at it (with apologies to anyone that uses astrology in their trading).
******Important - Rate Increase After Tuesday, July 20th - Please Read******
**************If you are an existing subscriber - your rates will not change as long as you remain an active subscriber************
After Tuesday, July 20th, the following changes will occur to the Viper subscription rates:
- The Free Trial will now cost a nominal $99 for 15 days and this amount will be credited to toward the first month's subscription
- If you are an existing subscriber, or a new subscriber, to the Indicators and Live Chat at the $199/mo rate; you will have the opportunity to add the High Energy Times and High Probability Trades for $99/mo.
- The Full Autotrader subscription will increase by $100 per month: The first month will now be $399 and the monthly rate thereafter will be $499/mo. This will include all of the features currently listed on the pricing page, PLUS the new Probinator Autotrader as well as the High Energy Times and High Probability Trades.
If you are thinking of subscribing, or an upgrade to your existing subscription, please consider doing so before the close of business on Tuesday, July 20th, 2010; or you will come in at the higher rates.
We are excited at the results of the Breakout Trading system now logging over 1,000 trades since it's launch in early May. If you have any questions about the rate increase, or the products and services of the various subscription levels, please be certain to visit either or both of the next two Webinars:
Last edited by bandler6; July 17th, 2010 at 02:32 PM.
This reeks of desperation. A free trial that isn't free if you don't subscribe. (Since when is $99 for 15 days "nominal?").
The reason behind raising prices when membership is dropping (A) make up for lost revenue; and (B) to give the outside world the impression that demand for this dreck is rising when indeed it is falling.
STAY AWAY FROM THIS HUCKSTERISM.
YOU CAN DO BETTER SPENDING FREE TIME ON futures.io (formerly BMT) AND KEEPING YOUR MONEY IN YOUR POCKET INSTEAD OF HANDING IT OVER TO THESE GANGSTERS.
Last edited by Zoethecus; July 17th, 2010 at 10:26 PM.
Agreed Zoe. Desperation was the first thing that came to mind. They are pushing a bucket of steam and an air sandwich and now want to raise the price again?!? This is the second price increase in their first year of operation.
Grail or Fail?
Somehow I imagine a "Special extended limited time offer" dropping as soon as this "enhanced" pricing starts to leave a stink in their A/R G/L acct.
bandler6, this is their third price increase in a year.
Their strategy is to raise prices after they get ruffed up in the trading forums and online media from customers who exposed them as worthless snake oil hustlers, as if it is a show of strentgh on their part. Of course, nothing could be further from the truth.
Now I understand why Charles got the boot from the software company he worked for--which was unrelated to day trading--before he spawned this Viper venture.
Wasn't L. Ron Hubbard a starving, down on his luck, science fiction writer before creating the religious cult known as Scientology to support himself?
Last edited by Zoethecus; July 17th, 2010 at 10:32 PM.
Geesh, yet another price increase. No pretense of grandslathering there current subscribers this time. Hey, there secret is come up with something new, wait until people figure out what it is, which isn't that hard, and the change it and increase the price.
Then it's automated into something unprofitable. When they started they almost were okay, but then Rich and Charles got really greedy. Viper is such an appropriate name.