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Futures Training Program "OpenTrader" www.opentrader.com review
Started:January 30th, 2013 (12:46 AM) by Big Mike Views / Replies:79,937 / 143
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Futures Training Program "OpenTrader" www.opentrader.com review

Old January 22nd, 2015, 12:16 AM   #131 (permalink)
Trading Apprentice
Long Beach , LA
 
Futures Experience: Intermediate
Platform: Ninja, Trade Navigator,
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RickW00716 View Post
I have taken the course and I am also a member of Awais's site 'Eminiplayer.net" The course is very good in my opinion and they do have weekly coaching calls where questions can be answered.

Eminiplayer.net is a great deal! awais's daily trading plan(which includes a video and many support/resistance levels) and his daily recap complement the open trader course very well.

I would recommend this

Don't get me wrong. I like the course. Like i said , my issue has been getting a platform up and running. Myself being a person who likes everything done right the first time, especially when money and trading is concerned its been difficult dealing with so many mixed opinions from Awais in regards to platforms. First he said use Sierra, so i downloaded it and had to pay Sierra figure out why I could,nt get it to work. The template from OpenTrader has an out of date ES contract and would not load. I' don't know these things, as i am new to futures . Then in a recent webinar it was mentioned that the NYSE tick data was n't so great on Sierra and Market Delta, and in the same coaching call he and Ziad said they preferred Tradestation and Esignal for NYSE tick and would only use Tradestation if it had decent market profiles. I did question this, and the last email i was advised use investor/rt with Esignal.


"
In your situation, I think the best setup would be to get Investor/RT from www.linnsoft.com and then use the eSignal data feed. That'll give you a good platform that supports volume profile along with a reliable data feed that has good NYSE TICK data". Its taking 7 plus weeks to sort this out. I am so over it.



I have never used eminiplayer, yet have heard many great things about it. I don't want to be one of these people who relies on the daily trade plan Awais does for traders. I need to be able to develop my own plan and if it means checking my levels with Awais's levels via Eminiplayer in order to ensure i am creating the same or similar levels, is a good thing. However in the end whats the point in doing at course if you can not draw your own levels and build your own daily trade plan?

No offence to anyone just using Awais's levels. I am not hear to argue, rather just present my experience.

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Old January 22nd, 2015, 12:24 AM   #132 (permalink)
Elite Member
Richmond Virginia
 
Futures Experience: Intermediate
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GlobalTrader View Post
Don't get me wrong. I like the course. Like i said , my issue has been getting a platform up and running. Myself being a person who likes everything done right the first time, especially when money and trading is concerned its been difficult dealing with so many mixed opinions from Awais in regards to platforms. First he said use Sierra, so i downloaded it and had to pay Sierra figure out why I could,nt get it to work. The template from OpenTrader has an out of date ES contract and would not load. I' don't know these things, as i am new to futures . Then in a recent webinar it was mentioned that the NYSE tick data was n't so great on Sierra and Market Delta, and in the same coaching call he and Ziad said they preferred Tradestation and Esignal for NYSE tick and would only use Tradestation if it had decent market profiles. I did question this, and the last email i was advised use investor/rt with Esignal.


"
In your situation, I think the best setup would be to get Investor/RT from www.linnsoft.com and then use the eSignal data feed. That'll give you a good platform that supports volume profile along with a reliable data feed that has good NYSE TICK data". Its taking 7 plus weeks to sort this out. I am so over it.



I have never used eminiplayer, yet have heard many great things about it. I don't want to be one of these people who relies on the daily trade plan Awais does for traders. I need to be able to develop my own plan and if it means checking my levels with Awais's levels via Eminiplayer in order to ensure i am creating the same or similar levels, is a good thing. However in the end whats the point in doing at course if you can not draw your own levels and build your own daily trade plan?

No offence to anyone just using Awais's levels. I am not hear to argue, rather just present my experience.

i use ninjatrader charts with the kinetick data feed and my broker is interactive brokers. The TICk feed is close to what tradestations is but what i do to make sure I can see what are extreme readings is plot a 390 period bollinger band on a 1 minute TICK chart with 2 and 3 standard deviations. When the TICK exceeds these levels, I know i am getting an extreme.

I also plot ADD only, I don't worry about the SPAD(I believe Ziad said to concentrate on the ADD).

I draw my own levels also and formulate a plan then compare it with Awais's. if there's something I need clearing up, I ask Awais or I hold my question until the coaching call.

If I can be any help, please let me know

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Old January 22nd, 2015, 02:31 PM   #133 (permalink)
Elite Member
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Unfortunately your not going to learn how to trade by taking a course....

What might be a good idea is to do this course and do the opposite ?

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Old January 22nd, 2015, 02:37 PM   #134 (permalink)
Elite Member
Richmond Virginia
 
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Itsjustamarket View Post
Unfortunately your not going to learn how to trade by taking a course....

What might be a good idea is to do this course and do the opposite ?

Its true it takes more than taking a course to know how to trade...There is a HUGE mental/emotional side to trading that has to be overcome.

I stick to my original opinion that this is a worthwhile course because it does cover all aspects of trading including the mental side. Anyone expecting clear "cookie cutter" "one size fits all" types of entries/exits or magic settings of indicators will be disappointed however.

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Old January 22nd, 2015, 05:18 PM   #135 (permalink)
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Long Beach , LA
 
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Futures Edge on FIO

Itsjustamarket View Post
Unfortunately your not going to learn how to trade by taking a course....

What might be a good idea is to do this course and do the opposite ?

Thanks for you advice. But you don't know whether or not , or even how long I have been trading.

Actually I have been trading Australian Stocks/Options, CFDs and FX successfully for many yrs. Its a challenge for to trade the US Futures market successfully and thats why I took the Opentraders course, I needed something to give me a solid bass to start from.

As far as the course goes I still believe its an excellent course. My only bitch was with Awais giving me so much conflicting information in regards to platforms and data. However I do believe it wasn't Awai's intention to confuse me more and he was actually trying to help. It was just a frustrating tricky situation, and after 7 weeks trying to decide on which platform, which data and getting conflicting information I had had enough and posted that frustration here. Was that the best idea I've had recently, probably not.

I contacted FT71 to help me with the charts and setup and am grateful for his support and that of Stage 5. However, that does not take anything away from Opentrader course in itself. Its a very good course and if there is another better out there, show me it?

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Old August 19th, 2015, 08:24 PM   #136 (permalink)
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knoxville tennessee usa
 
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live trading room


Jedi View Post
LOL.. You're contradicting yourself there buddy.. Why do you feel that way?

RUN-DMC - It's Tricky - YouTube

in 8 years i have never seen a live room ran by a trader that could real trade. vendor are like pinguins birds that can not fly...

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Old August 22nd, 2015, 03:12 PM   #137 (permalink)
Elite Member
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forgiven View Post
in 8 years i have never seen a live room ran by a trader that could real trade. vendor are like penguins birds that can not fly...

I would have to agree with you on this. While OpenTrader must present a valuable course based upon reviews here; I have been in more than a few rooms with called entries (every room was a failure except for one! the man was a trader traded live and ended the room because he became a fund manager for a small mutual fund group. . . . darn!)

My only hesitation, if I were even interested in the course, which I am not, is the age old question (which me as about as naÔve as they come) now asks is; "if one is good at trading, why do they need to sell a $1500 course", or whatever the price is? Surely, if you are a success you don't need the headache.

I always said, if I become successful at trading, which I now can proudly say I am! I would share my methodology for free. Problem is, for the type of trader I've become (truly discretionary) it cannot be taught. I remember a vendor once telling me - "if you can't teach your method to a twelve year old then it can't be successful." HOW WRONG!

NOTE - I know this is about the OpenTrader course and not me; yet my point is - "the ONLY one who can truly 'teach' you to trade is you." futures.io (formerly BMT) has an excellent thread about the randomness of the markets and had a webinar featuring Adam Grimes. Head over to it because it is a REAL eye opener. If you don't believe the markets are random try a couple things I did for fun (which both became real educational in the long run).

1.) Take a chart, any chart, do not pay attention to the ups and downs. Scroll back however many days you want. I went back 7 days on a 3 minute chart in the TF and draw random horizontal lines. DO NOT CHEAT - DON'T PAY ATTENTION . . . scroll back as fast as you can. I was utterly amazed at the number of lines I drew (Randomly) which could easily have been interpreted as S/R by a trader.

2.) SIM trade (unless you are bold go live) by the DOM ONLY. Do not look at any charts, just watch direction, pull backs etc. ENTER a trade; then learn to manage - the - trade. This is one aspect NO course really focuses on enough! I was able to make a sizeable amount, three days in a row taking small losses and good moves without charts. Easier said than done, especially if you are new to futures trading. When I went back and looked at the charts I don't believe any of the entries were what I would have taken on a chart! Yet, I made money. Again, it was SIM but I had proven a point to myself. TRADE MAMAGEMENT IS VITAL.

Thanks - I could go on and on with my seven years on morphing into a trader - but that's for another thread in time.

If you DO take the course do not expect it to be your holy grail. Learn what you can from it - seems like valuable info - then work yourself at becoming a trader.


Last edited by mmtrader4; August 22nd, 2015 at 05:33 PM. Reason: one vital piece of info left out
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Old August 22nd, 2015, 04:24 PM   #138 (permalink)
Elite Member
knoxville tennessee usa
 
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Platform: nijia trader
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Favorite Futures: es
 
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i agree ! trade management makes or brakes the trader , not picking out the reference point to work from. most traders do not realize all theses vendors are teaching things that work sometimes. you have to have the skill to tell when the set up is not working and get out ...well befor the stop is hit. and giving the trade some extra room when it is a stronger move. you are talking about reading orderflow,tempo, and larger time frame charts. the key to look for in a room as to the skill of the trader.... look and see if they are opening monthly ,weekly, and daily charts ...for review befor trading starts. if not ( they are just playing trader)

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Old August 23rd, 2015, 11:48 AM   #139 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
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mmtrader4 View Post
1.) Take a chart, any chart, do not pay attention to the ups and downs. Scroll back however many days you want. I went back 7 days on a 3 minute chart in the TF and draw random horizontal lines. DO NOT CHEAT - DON'T PAY ATTENTION . . . scroll back as fast as you can. I was utterly amazed at the number of lines I drew (Randomly) which could easily have been interpreted as S/R by a trader.

The outcome you gave (price bounces off random lines) does not prove the market is random.

Look at a volume profile of a month or year of data. if the market was random, you would not see nice neat histogram areas which show that price is attracted to certain prices like a magnet and repelled from others.

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For me, my trading is based on identifying where I think price will be attracted and where it will be repelled. This is also what open trader does. It's a valueable skill. However I don't think the open trader class teaches it well, they hold back a lot so that you sign up for the eminiplayer monthly service and/or chat room. They use zones that are 4 pts wide for ES, and consider stopping short of the zone or going slightly past it still a success if price 'bounces' off it. Which means their zones are like 5-6 pts wide. Which in the end it looks like it's working but trading it isn't possible because the R:R isn't there.

So I don't recommend the course, but I disagree the market is random. it's not. and figuring this out is, in my opinion, the key to trading. At least for me.

PS: You can learn it from futurestrader71 a lot cheaper than OpenTrader. Dalton is also good. No need to spend thousands.

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Old September 6th, 2015, 03:46 AM   #140 (permalink)
Elite Member
SF Bay Area + CA/US
 
Futures Experience: Advanced
Platform: Tradestation, Ninja
Favorite Futures: ES & Equities
 
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Hi.. guys am writing here as very often i get pinged. I want to be able to respond to anyone looking at this thread rather than a individual ping. This is however not a advice. Let me be clear. Its just a opinion on a public forum.

Hence going to be a lil long. But if you think it has no value...pls ignore. I dont think i can say more than what i said already and what I am penning down....lol

I did like the program. It gave me some good points of reference. But I also evolved. I also do follow few others things one of them being zunaa and stuff with tradepoint. There is no single course which can make someone successful. I treat it as it gave me a blueprint into the markets. Success is only ones work, discipline, managing risk, dedication and luck.

some q's which keep coming:-

has it made me successful live trader?
lol.... no course can make me a live trader. i was live much before i did OT. I made and lost big. the course & the student when in front of the live markets is different. There were thing which OT taught...but that was not the end of my leanings. Yes with discipline which the course teaches..you can cut losses or make it. Well all depends on what you want. but the decision is yours...not the courses. also there is no specific if u do 1), 2), 3) , 4) steps u make money.
Well maybe i am not expressive..... but am certain no course can give u that guarantee if they have been in the markets and know how stuff works. If it says that if u pay x mount....u become a hot shot stud.....run.
Am sure Opentrader does not say that..atleast they did not tell me. OOps how i wish they had. That would have been sweeet a deal.

Do you still think it's a legitimate training program?
Yes. lol...i payed up after it was offered free. I have expressed my thanks to Ziad in my journal. I would'nt have taken his name if OT did not help

Do you still recommend it?
Yes I do. But it also depends what kind of recommendation is being asked for.

For ex:- Imagine someone who has not gone to school/college...& wants to become a Dr.The person asks for reco on a teacher who is teaching and is good at teaching classes to become a Dr.
The teacher is very good. Perhaps the student will pickup some stuff. But however good the Dr is am sure there is big value of someone going from Kindergarden, School, High school, college, Dr. Hope the point is being driven.
Lol...the funny part is even if one went to the best schools & was studying to become a Dr....not every Dr makes the big bucks to buy a ferrari/lambo in 2 yrs. THere are bright kids who do it in a year "the ferrar/lamb"
piece...but there are Dr's who stive to make ends meet. I just did not know how to answer this question. So pls forgive.

Also pls refer to my posts on this thread #39 #44 #47 #56 #59 #74 to see if my comments are consistent.

Even I have evolved...... i did mention in previous posts that i had the program as a Beta customer except the psyco stuff which was in the works then. That meant it was FREE. I thought it had value....per what i knew and what it gave hence payed for the program. Well am a person who pays up and espcially since i thought of revisiting few things.....so my case does not apply. But i do want to revisit the program since it's online...but just not now.....i dont have the time.

But I must say this....what i might have made in the markets or lost in the markets is a freakin pale comparison to the cost of the program. Hence when someone asks for reco.... i am only answering from my state of mind to be very clear. It might not apply to the person who is asking for reco. lol serious. I don't know anything about someone asking a reco. It cannot be general hence this is just my opinion. Also I think OpenTrader gives a money back guarantee..... so if u don't like it...dump it.

If I was in the position i was when i took the program.....i would still take it. ?

If i knew what i know today, would i take it. Well its been a learning process. There have been learning's & hurdles along the way & am sure Opentrader helped me in many ways. But thats just me.

not sure if this helps.....am into many things other than what Opentrader gave me and especially volume/OF..if u see my previous posts on this thread also.
I will probably go back & look at the classes in 6-12 months....& especially the pysco section.

Trading is my passion.....its not about only the money. So i might not be able to comment if a course is worth the money.

I also have met very bright traders and they too have countless hours in front of the screen. It pays to have a friend/mentor is all i can say.

All i can say is course is good......but no course.... can make u a master at this game. It is only upto the Person in the mirror who can make this happen.
If you think paying up whatever the cost of the program is now.....u become a hot shot trader.....sorry may not happen. It's too small a price....i would have taken many such courses if it were a magical pill.

See at the end of all this..... if someone know when the market is liquid....or when it is not....when it is moving from balance to imbalance....can understand this and how and why it is doing.. u can be successful.
lol for me i need to go thru many things...evolve and am still learning.

i would not have posted, as i have already made enough comments on this thread and nothing else for me to say or debate.....but as mentioned i keep getting a mail or so now and then. I think i have said all.... & if you think u need a course...u can try. If you think not....that is great. Great Traders are all self made .

Every persons needs..necessities....expectations are different. Well enough said....not writing a book . all said and done. no more posts here on this thread necessary for me i guess. am not someone who goes back n forth.

cheers n goodluck to all. course or no course

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