NexusFi: Find Your Edge


Home Menu

 





DO NOT USE TradetheEMINI.com


Discussion in Trading Reviews and Vendors

Updated
    1. trending_up 2,362 views
    2. thumb_up 4 thanks given
    3. group 2 followers
    1. forum 2 posts
    2. attach_file 0 attachments




Closed Thread
 
Search this Thread
  #1 (permalink)
 
HectorPriamedes's Avatar
 HectorPriamedes 
OMAHA, NEBRASKA
 
Experience: Intermediate
Trading: US Markets
Posts: 23 since Sep 2011
Thanks Given: 29
Thanks Received: 30

I did the free trial and I even subscribed to them for thirty days. That subscription is almost over. I have a full report for my bros in this forum and I feel that this will exceed anybody's expectations. First I will list the Pros and Cons regarding this trading room.


PRO: John and Don (the two people who seem to run the show with Momentum Trading Systems' Trade-the-e-mini. Are easily available for contact and let you ask questions.
CON: You will not be able to see the questions other people ask in the room. Jon and Don are always telling you what other people are typing. This includes continuous reports
and claims about how other members are writing in the chat room about how they have hit their profit goals for the day and they are going to the gym. I heard this a million times
but I was not able to see this one. For all I know there is not a single person writing that and it is a scripted ploy that they use to lure you into thinking they make money.

PRO: You can see their charts on every day's broadcast and you can view the trades as they set up on their charts.
CON: You cannot see that Jon and Don are actually trading. They speak as if they do but they say things at times that REALLY leads me to believe they are not really trading.

PRO: Jon and Don claim to be continually successful in their trading.
CON: They will not show you any account statements. Also it would be easy for them to show you a P/L Day or P/L Open on the screen but this is not done.

PRO: Each morning they provide you with a trading plan that is pretty defined
CON: You will not receive this plan until a few minutes before the market open
CON: You will not be able to get them to send you reports of days prior (this should be provided without issue but it is closely guarded for some strange reason)

PRO: The trading plan is rather simple and easy to follow
CON: JON (the main trader who leads the room, almost never follows his own plan. He is rather good with entries but when it comes to exits he will usually get out too soon.

PRO: They have extensive records on their page that show their track record of success. This includes one man's detailed testimonial complete with system statistics and glowing profits.
CON: I have kept my own track record as of the past 30 days and it is abysmal. read below.


I took their daily trading plans and coded them into Multicharts. the system makes money for a while only to turn back around and lose it all over again.
I would like to tell you the extent to which this coding went. I made multiple variations of entries and exits, profit taking targets and scale out systems.
I tested entries from all the provided levels, and I even optimized for stop size. ALL THIS WAS DONE OVER 40+ HOURS OF PROGRAMMING.

The result? Based on the 25 days of trading that I tested the system is simply not profitable. It was below break even just churning and losing a little.
Add in commissions and slippage and the backtest results can lose as much as $7000 in those 25 days.

Please forget their system and come up with something on your own.


Started this thread

Can you help answer these questions
from other members on NexusFi?
BofA Projects $1.1 Trillion in Sports Event Contracts -- …
Prediction Markets & Event Contracts
Prop Firm Tracked Payouts Hit $115M in Q1 but Growth Fla …
Funded Trading Evaluation Firms
Hormuz Normalization Collapses to 19.5% -- Iran Regime F …
Prediction Markets & Event Contracts
Trump Lands in Beijing on CPI Day: Iran Peace Expires To …
Prediction Markets & Event Contracts
Warsh Confirmed 54-45 on PPI Day -- 97% Say He Holds in …
Prediction Markets & Event Contracts
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Sober Journey With S&P
24 thanks
2026 Jlab journal
10 thanks
Algo automated / semi-automated trading anyone?
6 thanks
Lady Vols Primer: Trading Volatility Journal
6 thanks
Trying to learn Volume and price action correlation
5 thanks
  #2 (permalink)
 planetmoto 
freasno, ca usa
 
Experience: Advanced
Platform: ninja trader
Trading: forex
Posts: 105 since Apr 2013
Thanks Given: 52
Thanks Received: 85

I have been in the room it seems as if they use support and resistance lines any thoughts?


  #3 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,669 since Jun 2009
Thanks Given: 33,669
Thanks Received: 102,557


Existing thread:



Mike




We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on X Visit my NexusFi Trade Journal

Closed Thread



Last Updated on February 5, 2015


© 2026 NexusFi®, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Downloads - Top
no new posts