9 Aug, 2011 → by ClaimboUser866874
Eminidaytrader & Dave Johnston & Justin Weinraub

For those of you reading these concerns the first time I recommend that you start with the first one. This is the third one in a series that will continue until the problems with their software are addressed and fixed. I have stated I will post weekly but when situations arise like it did yesterday it can't wait. Again, I can provide charts to support my allegations and even video's. Now, the problem with yesterday. The software fired a trade (short) at 1144.75. The market came up to that price and filled the trade short. No problem so far. The market then went down 4 points to 1140.75 before a retrace. The market moved back up to 1144.00 (3 ticks below our entry of 1144.75) before moving on back down for some 13 or 14 more points. Dave in his recap this morning made the statement that it was a very nice trade and that they captured all of that move due to paint bar stop strategy. This amount of money that this trade theoretically won will be posted on the results page for potential clients to observe when making a decision whether or not to buy this software. In fact, this trade was stopped at + 5 ticks. I even have a video from Dave on how we manage these trades. In short, when a trade goes in your favor at least 3 points then you must capture at least a third of that move. The market went in our favor 4 points. That is 16 ticks. The stop goes from break even to +5 ticks at a minimum. The reason is that the market could come back to our entry price and stop the last contract even and the strategy designed by them and that they count everyday is that if it goes at least 3 points the stop must be moved a third to make something from it. This means that if you add 5 ticks to the 1144.75 entry your stop will get moved to 1143.50 at a minimum to salvage at least that third. The market came back up 2 ticks above that to 1144.00 so the trade got stopped. Dave conveniently counted 14 more points on that trade and that is what will e counted on the results page. A potential buyer of the software would never know that. As I have stated from the beginning of these concerns. A trader can't sit here like today and lose money and Dave and Justin say the system made money. Happens about everyday. Want to know more? My email is janno1951@***.com. I can assure you, my intent is to improve this product and not hurt Justin and Dave. But this is ridiculous how far off real results are from what they post.
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