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As of December 2011 this vendor was involved with a different strategy (theticktradingroom under another thread), so it is clear that his results are based on backtest and probably only recently started trading it live.
Can you help answer these questions from other members on NexusFi?
I don't have personal experience with these guys, but my brother-in-law was telling me about his experience with them.
Basically what they do is change the strategy whenever they have a loss, issue a new 'manual', then the loss magically disappears from the posted performance. They keep 1 or 2 losses in there just so it's somewhat believable. In the meantime, current members are taking real losses.
I guess they recently added the Protrade II. Well, after two big losses in row, they just stopped trading it. Probably pulled it from the website and will introduce Protrade III next week.
Email me if you're seriously considering sending these guys your money. I'm sure I could get my brother-in-law to send you the actual performance.
I suggest you call this person directly; he is in Tampa.
I did last spring. I also called his autotrading brokerage (his website has branched off and changed).
peace
Hedvig
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I did and both my 'probes' left me knowing this was complete and utter bullshit. I urge everyone to do their due diligence; it will never do you wrong.
You can start with one contract on the first position, then add 1 contract (up to three more add-ons) if initial trade goes into drawdown. Then your results for gain and loss will be one-fourth of what is published.
Yeah i purchased the course and its not what iam looking for. Their results are probably accurate because they double down so much they will likely turn most losers into a winner. Their $350 cash stop is per contract so if the trade goes completely against you and doesn't retrace, you will be adding multiple contracts and if it doesnt retrace back to their adjusted profit number you can get blown out. 1 contract trader has to be able to trade up to 6 contracts if it goes wrong and potentially can lose $4600. An occurance they claim can happen 10 times a year. Their daily profit range is around $200 a day and i think they hit that most of the time but the risk is way to much imo.
"Cheating or attempting to cheat you through false claims about the likelihood of
profit or loss from trading; false or misleading statements about trading..." (my underline)
If you agree with my detailed analysis of Ezprotrading's practice of posting bogus results, please take a minute to send them a message [email protected] or (941) 405-7303, saying that you've seen the screen prints of MOO's published results on Ezprotrating website, that the attempt to cover up is a clear indication of fraud. Tell Ezprotrading that they I have not earned the right to keep my money under this clear evidence of fraud.
1. I took screen prints of charts for the week of May 7-11, which had its worst week, yet Ezprotrading recorded a profit: Free Cloud Storage - MediaFire
2. I spent the weekend backtesting the MOO strategy and comparing results with Ezprotrading website. The differences were not subtle. They were night and day apart. So I prepared a report of my findings and emailed it, asking for a refund. See the report for hypothetical trades from April 30 - June 1 (five weeks): Ezeprotrading_MOO_Apr30-Jun1_2012_Results.pdf
4. Finally, the cherry landed on my cake and created "the perfect storm." Ezprotrading revised the results for two weeks of May 7 and 14: Ezprotrading_MOO_May7-11_REVISED.jpg. The rosy results disappeared. But it is not just these two weeks that are off, the majority of the results are hypothetically fraudulent. Even though Ezprotrading's action is an acknowledgment that I am right, it has not returned my money, which it has not earned the right to keep. Instead, it threatened me with "legal remedies" if I brought this information public. Well, here in the court of public opinion let's see who is entitled to remedies.
98% win rate caught my eye so I took a look at their published results:
I don't understand, they say only 8 trades lost, yet there are at least 9 losing weeks, and they are trading 4 contracts so it seems mathematically impossible.
Thanks. I saw that too. Are they still doubling down all the time? They could include the doubling-down in the 581 trades, and the massive losses as the 8 fallouts where doubling-down failed which seems to account for the "9 losing weeks"?
There's no free trial for the trading room. "EZprotrading" sounds similar to "EZcolortrading" or vversa
How's the manual? Does it say to double down?
I am sending my findings to the CFTC right now. Maybe nothing comes out of this, but this vendor should not be able to continue hiding behind a disclaimer. Disclaimers are not valid for outright cheating, intentional misrepresentation of trading performance.
