Looks like a typical scam site to me. The way that page is written is your typican internet sales pitch.
The big give away is this
"We show you how and why we picked a unique set of indicators to give you up to and 80% accurate signals. We estimate we tested over 200,000 combinations to get these settings"
but other things give the game away
- the mention of having 'secrets'
- discussion of returns without discussing drawdowns or capital employed
- the offer of not having to commit much time to the market - just 90 mins a day
- the offer of a simple solution
- "How to calculate tomorrow's Highs and Lows in any market."
This is just the typical stuff used to suck in newbies. I think anyone considering this should look at FT71s stuff so they can see a really succesful futures trader and get an idea as to how much work is involved in getting there.
gotta love his resume though
"I was a Fast Attack Nuclear Submarine Officer, built and managed the world's largest astronomical observatory in Hawaii, developed a $500 million sales organization, started and ran my own Venture Capital Fund, and owned 11 businesses before I got into trading"
The following 4 users say Thank You to DionysusToast for this post:
i also bought it and couldn't use it at all, all the examples are on sim account using Ensign Software platform which you could manipulate 100% to achieve the required result....bottom line is that i would never recommend it to any body.....just waste of time and money....
Platform: Sierra Charts, Investor RT, Ninja Trader
Favorite Futures: NQ
Posts: 527 since Sep 2009
Thanks: 586 given,
I bought this system in 2006 and tried to use it on the ES. I could not get it to work either. I made a bunch of mistakes with it: went from practice trading to real money trading much to quickly, had no real idea what I was doing and thus lost a lot of money. The system as presented is designed primarily for use on Ensign Charts, which I used. The screen is extremely crowded with indicators of multiple colors. Quite honestly, there is so much eye candy on the screen, it is nearly impossible to see and act on price action. I also want to say the instruction manual is poorly written and organized. It is a difficult read. It could be cut by a factor of 10 and be much clearer and helpful.
When I noticed Beth using ergodics on her thread (Beth's Journey to Her Millions), I started thinking about this system. After the break for my uncle's funeral, I wondered if I could set up the system's ergodics on both Sierra Chart and Ninja Trader. The answer is yes, both of these charting packages will display the ergodics the way the system calls for it (basically two ergodics plotted, one 4x the other, on the same panel. You also use 2 charts, one about 4x the other).
I tried it on sim Thursday and Friday. I was pleasantly surprised at the results as they were very positive. I used a 233 tick chart and a 610 tick chart. Friday, I was 10 for 11 between 9am and noon. I want to stress, I was not using the complete system from Futures Trading Secrets. I chose just the ergodics, and I did use the parameters the author suggested. His material is copy-written, so I don't feel comfortable giving away the actual parameters (I would only do that if Big Mike said it was ok). I don't fully understand the logic behind the ergodics but supposedly they produce both a momentum oscillator and a trend detection. My guidelines were simply:
1. Trade in the direction of the Long Term Ergodic (it is the intermediate trend after the long term trend on the EMAs).
2. When both ergodics are above the zero line, trade only long; trade only short when the ergodics are below the zero line.
3. Enter when the ST ergodic crosses its signal line and its slope goes in the same direction as the LT ergodic.
I plan on continuing the sim trading to see how consistent I can be with this.