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I hadn't thought about the grandfather, but you are right. If you have to pay for upgrades then what is the GF for. I did pay to switch to sierra from NT. I don't recommend NT. Too many lag issues and platform management rules to prevent the lag. I was happy about the $300, but had it with NT. I also feel that if one can get profitable $300 or $450 could be one trade. I don't know what else to use. Bare charts don't work for me and I don't want the typical MACD or stochastic although they may work so I paid and moved on. I think Mbox is powerful, but one has to be patient and wait for the good setup to pressent itself.. if we can do that we can make a good living. I've yet to get there.
Well I rejected the $300 on the basis of it was never disclosed this would be the case before I bought. So that's not right. Even dishonest. I've gone back to NT so that's what I would like to try and use it on. Basically I've been ripped off and so have you. He didn't keep his word on the grandfathering.
I've come to the realization that if a method has some kind of an edge, or at a minimum provides trade setups that gives larger winners than losers than it comes down to the individual. I feel Mbox is a good approach or method . The software is not based on lagging indicator readings, so that is a positive in my book.
Me personally, I don't trade well, but I don't blame the software. I'm impatient and lack discipline. If you ever watch Mike's trade videos you will see he is extremely patient and disciplined. So yes, I believe one can be consistently profitable with Mbox but not because of the software, but the implementation of it.
Agreed, become trading successfully, software is only part of the equation, emotion & discipline playing a major part but we all have to start somewhere, software is something we can get as a starting point and work on, improve other parts over time.
I've been considering the 2 vendors, Mbox and Pure Financial Academy, I've been reviewing videos from both parties and both of them use supply/demand methodology, I have to agree with you Mbox does show an edge, he's using supply/demand imbalances as well as delta volume to confirm turning points in the market. I've done more search and found out Mbox is more popular and found some people show them on youtube, I also found he's on Ninja Trader webcast 2 years ago.
He has had a webinar through Ninjatrader more recent than 2 years ago. He did one regarding version 3.0 of the indicators. Worth a watch. Mbox is also beneficial for pullback trades as well.
I was looking at the system and then noticed Matt Bowen (nobstools.com) also has a very similar system, has anyone got any thoughts on which one they like better?
I think Matt used to be involved with Mbox. Thanks….