If you will go to: [URL="http://www.mypivots.com/Board/Topic/4508/31/eminivipercom"] a poster has commented: That system is just the last Viper rendition running on NT 7, which is still in beta testing. One chart instead of two.
Same old wine in a brand new bottle, albeit easier on the eyes."
You will be able to discern all of the indicators used as well as the so called improvements.
The only thing I can't recognize on that chart is the background indicator.
Got to hand to these creeps. They come to this forum to get free indicators and then package them in a BS name (Viper) and take $99/month for the pleasure.
I listened to one of their recent webinars and it was full of wonderful after the fact, couldwa, woulda, shoulda trades that the system showed, but not one of the moderators could produce evidence of a realtime trade using this stuff. I suppose that's because they VEND, not trade, for a living.
Also, they now have gone back to using Floor pivots after dropping them from the older version when they claimed pivots weren't necesssary. Now pivots are important. It's called curve fitting....
Stay away from these guys. You'll learn much more at futures.io (formerly BMT) and be $99/month richer.
The following user says Thank You to Zoethecus for this post:
Platform: "I trade, therefore, I AM!"; Theme Song: "Atomic Dog!"
Favorite Instrument: EMD, 6J, ZB
Posts: 798 since Oct 2009
Thanks: 216 given,
last 2 posts say it all!
seems that the notion of limitations on statements representative of future events constitutes a promise which further constitutes an implied contractual or guarantee of future events, which leads towards lawsuits after lawsuits after lawsuits,
so all statements, responses and representations are guarded and prequalified, as well as recorded and the script of typed text, responses and questions are kept (defensive move all around)
seems that the qualification statement that must be signed before lease begins indemnifies all their parties completely and reminds one that all risk is self imposed, as if we didn't need to be reminded of such
this is like all the other brokerage accounts that seek to remind the potential trader / customer that they bear all risk associated with trading and fully indemnify the firm against any and all liability.
seems that one indemnification is too much, just to do a 2nd one on top of that
seems that repainting bars makes the charts look perfect whilest live in tandem trading watching the charts and taking the risk on the trades does not equivacate to their results if they speak about them at all,
seems that the inability to cross talk, know whom else is in the room, or see their comments typed, or questions asked speaks for itself, although there are always reasons to prevent and isolate others from each other speaks for itself too....
seems that the positive trades that do happen especially with the auto trader on a good day and on an agreeable contract justifies the subscription many times over,
I just can't wrap my hands around letting go, and allowing it to fire realtime in my behalf, seems my option floor trader experience just can't let go, although I often, after running it in parallel in sim101 mode, wish I had had it live101 for that day, and frequently move the trailing stop into the profit, on successful moves, which cuts short further potential gain in exchange for keeping what's posted as a gain, and sometimes, and sometimes, and sometimes
futures.io (formerly BMT) rocks!, and with some guts, grit and friends like these, hey, who needs automation?
The following user says Thank You to kronie for this post:
kronie, if you're not trading this thing live, why bother donating $299 a month for it? Also, the whole point of an auto-trade system is to not get involved by moving targets, stops etc. If you're doing that, you defeat the purpose of having automation and no emotion.
Just my little two pence of thought on this post, I have enjoyed reading it, it is good to have differance of openion, that is what evolves the next step.
Firstly I have no links to Viper only I use the AT's and so attend the webnars, Yes I know you can get the indicators etc, well similar, but I do like for two hours in my day having company trading, I live in Europe and trade from 7am to about 6pm GMT so those 2 hours are nice part of my day and averages out about $4 a day. so $4 is well worth it (less than the cost of placing a trade!)
The support you recieve is excellent, Gary is a true gentleman and his wife Linda is always very helpful if i ever need something answered etc.
Rich is always working on bettering his systems, I have been a AT subscriber from day one and to see how they have come on leaps and bounds is excellent.
A AT will only do as well as the volitality that is provided in my mind. At the moment ES, TF etc are not really trading well, to choppy. So I'm not trading the AT's for the TF or ES at the moment. So i just trade the 6's (6A. 6B, 6C, 6E, 6J etc). I have attached the charts from yesterdays AT trades for 6E and 6B as those are the only two out at the moment. both of them up $2362.50 = $4725 trading two contracts on each is not bad for 5 hours trading on two contracts. The reason I only traded the AT for 5 hours yesterday was it was non-farm payroll day and the currencys are a little to quiet for me before that news. I have a seperate account for the AT's and keep mymanual account seperate, that is also another way to see how it is doing, and my AT account is very healthy, growing nice and steady.
Yes they do have down days but not often and not by a lot either and some days they are only up a couple of hundred dollars, but usually up a fair amount.
As I said I live in Europe so I have the 6B 6E AT on when I am alseep, and when I wake up I'm up 5 or 6 hundred dollars most days.
I have every bit of confidence in their AT systems, and they will continue to just get better. Forex is out soon and I will probably be mainly Forex AT then.
Just my thoughts as I said and I'm happy with my set up here and my trading.
I hope you guys find what your looking for. I have attached charts from yesterday, the last AT trading day.
The following user says Thank You to ronan2505 for this post: