John Paul drew first blood with a flyer to see if Mike would simply cave in and get on down the road with his tail between his legs. Hopefully, Mike will slam the door on this vermon and rebut. To do otherwise would set a very bad precedent and empower other con artists who hawk garbage for high prices to think that all forum operators are fair game and wimps to boot.
If Mike holds his ground, JP will fade into the vendor sunset and have to try to get even will his assine new website. JP, welcome to dry hump heaven with that new site.
The following 5 users say Thank You to Zoethecus for this post:
I've got 3 emails from DTTW, first email stating that here is end of the world since ATO won't be sold anymore beyond end of July 2010.
Second email to extending the sale because of the "overwhelming requests".
3rd one after the original deadline /July 31st/ and than extended deadline /Aug 2nd/ stating ATO is for sale....
?again? I've expected more imagination such as at least using a different name... not the same.
More details quoted from DTTW emails below:
1st email: July 22th an email that ATO sales will expire end of July. "You probably heard, our At The Open (ATO) method is about to meet its quota of traders and will no longer be available after this month (July 2010)."
2nd email: Aug 2nd another email ATO sales are extended for 24 hours because of "Due to the overwhelming requests from people who missed the deadline to buy the ATO, "
3rd email: Aug 10th the latest email with ATO is for sale.
Thank you for your interest in the Atlas line.
The Atlas line has many uses for day traders, scalpers, trend confirmations, etc.
We create easy tools for traders!
Our next Live Atlas Line Trading Presentation will be held in the next week or so and will allow you to test this great method on ANY MARKET with me, in Real-Time.
This presentation will offer you a view at John Paul's trading screens, with the Atlas line applied on 4-5 markets concurrently. You will experience the Atlas line performing live in front of your eyes, and this is FREE of charge."
end the usual blah blah blah + desclaimer
ps.; Crossed out my name since I do not want to loose out on the emails he is sending... it is sort of entertaining and also very saddening how John Paul is working.
The following user says Thank You to atata for this post:
I purchased ATO a while ago. At the time he posted daily results that look legit to me. Soon after purchasing it I realized his results were not accurate.
A) Some of his winners went more than 5 ES points (several were 6.5) against him before turning into winners, this is fine except his results reported all of his losers to be 5 points!
B) His results never had any slippage, it was not unusual for me to get 1-4 ticks on my losers and he never had any.
C) He always got filled and there were several winners that I didn't get filled on. I know it is possible he was very lucky and got filled most of the time, but I doubt it would happen every single time.
Once I pointed out these items he would not return my emails. I think I sent him over 30 emails proving he wasn't honest with his results. He also stop posting daily results around this same time...
I threatened to take legal action and would have if it didn't cost so much money. I first tried to go through small claims court and they required me to file my claim in person and in the state in which JP operates his business. Not worth for what I paid.
There was one very positive experience that came from this. I have not purchased another "system" and I am so much better off now.
The following 5 users say Thank You to wirechild for this post:
That site listed in the first post is really in poor taste.
And it makes insinuations about board members like FatTails, perryg etc which are completely unfounded. I am attaching a copy of the site as it stands now. Will be good proof for anyone who wants sue this charlatan for libel.
BTW the USPTO does show that Atlas Line is a trademark. However it seems it was filed on August 7, 2010. So all the posts prior to that do not violate that trademark.
Last edited by aviat72; August 13th, 2010 at 01:31 AM.
The following 5 users say Thank You to aviat72 for this post:
I have used both methods, and build automated strategies with multiple profit targets and adjustable s/l settings to fully optimize the back-testing. On ten years of ES data, the equity curve is a steady slope down.
Bottom line, don't waste your time.
The following 2 users say Thank You to zacharydw00 for this post:
I was able to get a copy of ATO and found his daily results similarly falsified. When questioned, he came up with alternate rules not in the instructions to justify the trades. Don't bother with this one.
Gary, I feel indicators are a wast of time and hold traders back from learning how to trade. I spent 1 1/2 years using indicators when I should have been learning price action and supply and demand or support and resistance. The only indicators I use is a volume up and down and a 21 and 50 ema. You have to know how smart money thinks! I didnt become profitable untile I learned this.
The following 4 users say Thank You to slow to learn for this post: