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Well. its been a while I actually ended up getting all three DTS systems and I was very happy with them at first.
But I have managed to blow another 5k account. Perhaps its mistakes I made or my risk management. Really not every signal is going to be correct, at first that was only in consolidating markets but a few false break outs or quick reversals in a trending market can wipe you as-well. Its not to say I didn't get consistent with it, one week I would and then one day Bam! Lost everything I worked for. They do have a profit manager thing now but I don't like it at all, it changes my style too much and I actually trade worse with it.
In saying all that you do get access to Erich's room where he trades the Dow and Nasdaq futures mostly which I presume is live, and he does also get some consistency but I've seen him get spanked hard too. However he does seem to be very transparent about it, I don't get the same dodgy feeling I have from other places, so there is some integrity in it.
How much of the system you can put together from odds and ends in here, I have no idea. I know if I tried I would make a mess of it which is why I bought them.
Conclusion? - I don't know yet, what I'm going to do now. It isn't long term consistent enough (for my style?)
I am seriously leaning towards some sort of automated trading that I keep a very close eye on, perhaps building it myself or at least getting my hands on a good system and tweaking it. Blue Wave has caught my eye but I am in no way going to be forking out cash again so its back to the drawing board for me.
Since I purchased the DTS System a long time ago but won't use it anymore, I'd like to offer my licenses of my complete DTS System to anybody who might be interested.
This offer includes the Hawk Micro Scalper, the Falcon Swing Trader, the Eagle Trend Trader and the Trade Manager as well as the Mean Renko bars, the Omni Timer and the Logi Counter.
There are also DTS licenses available for a second machine id which includes the Hawk Micro Scalper, the Falcon Swing Trader, the Eagle Trend Trader and the Trade Manager .
The transfer of any of these licenses to another person has been officially approved by IW, so everything will be strictly official and legal.
Please PM me if you are interested in this offer, or taking anything into consideration.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
As of today, this offer has expired and is no longer valid.
Thank you for your interest.
"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
I've been looking at this system forever, really on the fence about it. The price tag is gigantic, would love to know if anyone who actually bought it (around 4k) actually made that back.
Ray seems nice, and Erich in the rooms but I'll widen it further, anyone even make half that investment (2k) from the DTS 4 or DTS 5?
I own the Hawk and the Falcon. I was treasury futures spread trader for close to 15 years and never used charts. Been trading the YM for almost 2 years now. I bought the Hawk and Falcon before i heard of futures.io (formerly BMT). I bought it because I had never developed a system or purchased a system. I had a friend that hired an expensive programmer and spent a ton of money devloping systems that never worked. I thought I would avoid this and buy this system as essentially an aid to what I am doing already. FYI, i have a good chunk of capital....so the purchase price of DTS was not really an issue.
I have a mixed opinion on whether you should purchase this software or not. Overall, I am relatively pleased with the product, however, if you do the work you can figure things on your own via futures.io (formerly BMT) (for free). I like Erich profit run room, although i am really dialed in to what I am doing so i don't pay much attention to it. It is free though with the software. If you purchase DTS, it will not make your profitable. Only you can make yourself profitable.
In short, if your not real well capitilized I would not purchase DTS. I would focus your time and money on BTM. Read MFB thread, all of Jeff Castile journals, the ATM method by JD Neeman, the webinars, Price action threads etc....
Finally, if you are really looking for a system I think there are cheaper ones out there......
I have to admit I'm very partial to Perry's and the Wizard actually.
Not that falcon/hawk/any indicator is a magic bullet but 4k is a serious outlay for indicators when you have futures.io (formerly BMT) around that is for sure, that and one of their indies (well several like coral filter) look exactly the same.
One thing from watching their vids is trying to gauge trend, I know they simplified(over?) things but anything like a basic CCI would be good just so you don't take that last leg where you know you're going to get nailed.
I'm semi successful now using Wizard frankly, that set of indis is well worth the price of admission to futures.io (formerly BMT) frankly.
I don't know what it is, the allure of DTS signal lines?
From using the system for awhile you do find value to having it around as long as you've done other analysis with it?
Ok here it is: WizardsDen20131105.zip (all the indicators) and WizardsDen20131105.xml (chart template) and a screenshot of today's activity using this setup.
I trade it slightly differently, I actually put the CCI Countdown on there and like that a LOT
the CCI countdown is here ...
I purchased DTS one bird at a time. You can find my review at the below link (7th down from the top on down). Self explanatory but can help to answer questions.
I purchased the DTS package about 3 months ago. The system paid for itself within the first 6 weeks. To be fair, I must tell you that I trade 2 Dax contracts at a time and when trading the NQ I trade 6 contracts, so, I suppose one could say this helped. I have also been trading for about 15 years. I do watch other stuff like the 3 minute cci, support and resistance levels, but my decisions are made with the DTI system.
My stops are also a lot tighter than what IW suggests and when my first target is hit (4 points on the Dax) I bring the stop to break even. In this last week the Dax was not giving any nice trends, so my target is 4 points for both contracts. Doing this a few times a day gives me a very nice daily return.
I watch the longer term "bird", but I do not trade the signals it gives. I feel the risk of my stops to my entry would be to big. I do not like being in the market for too long. That's just me. Others love the longer term signals.
I wish a system like this was available when I started trading. I think it would be a great system for new traders if they stick to the rules of it. Lets face it, there is loads to learn about trading and when we start, we all just want to get down to it. DTS would be the way to go. The backup from these guys is also very good.
Is there better systems out there ? Probably, but this one seems to do the job.