I did the full OFA course / software a couple of years ago. DB is a great guy an amazing teacher and probably a good trader. My personal experience is this. DB teaches a lot more than just OFA including correct risk management, position sizing and some very cool range projection methodology that has become core to my trading strategy. The range projection stuff alone was worth the price of the course, so I'm a satisfied customer. The OFA element, in isolation, IMO is no better or worse than any other method that gives you some kind of an edge. In my experience I derived significant value from DB's personal and professional mentorship but I don't use OFA in my trading, in fact I never executed live with it. He teaches Market Auction theory... you could read Dalton and Stedlemeyer too. I hope I was allowed to say all that Mike, it is my personal experience. I hope you were okwith that too DB as I have lot of respect for you.
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Anyone is allowed to say anything, so long as they are speaking from experience. Good or bad.
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because a software is just a software and the education coming with the software is just that....education!
I take full responsability for blowing out my account, the responsability is in me because I was not disciplined enough to follow rules and was too emotional in trading.
second...because OFA is the only company allowing to pass the live licence to someone else. other company take your money and say goodbye.
I decided to give away my licence because I don't want to trade anymore and not because the software is not good. Actually it's very good and the support and education is very good too, but the problem is in me, so...... ;-)
Have any of you ever dealt with attorneys? It is their job to come up with stuff like this. As previously mentioned over and over in here - OFA is more than happy to transfer a license as long as it is done through us. I'm not aware of any other company that has this flexibility. Let's face it - there are a lot of people that just flat out are never going to be traders - regardless of education, software or the insane dreams they have in their heads.
Regardless of the legal jargon in the agreement, I dont care what you say about OFA and your results. I will have the agreement amended to exclude the nonsense about publishing results.
As for license transfers, wouldn't you like to have the option to sell even half of the stuff you've bought over the years? Most people do this anyway under the table and the buyer is stuck with a dependency on the seller actually notifying them of upgrades, support issues, etc. Good luck with that. Transfer a license through us and you are actually part of the support community. Buy it unregistered and you are on your own.
Good Trading to All,
It now reads: 3.3 You shall not sell, rent, lease, lend, sublicense, distribute, or otherwise transfer or provide access to the Software (or any part thereof) to any person, firm, entity, or any third party without OFA’s prior written consent.
If you have any questions about the products or services provided by Order Flow Analytics, please send me a Private Message or use the BMT "Ask Me Anything" thread.
Last edited by OrderFlowAnalytics; August 1st, 2013 at 05:40 PM.
Reason: To clarify changes in agreement
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